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Boston’s Transmit Security, which provides workforces risk management and passwordless identity solutions, has announced its Series A fundraise of $543 million, led by Insight Partners and General Atlantic. Additional investors include Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures. The company’s pre-investment valuation was $2.2B, and it looks to work towards passwordless protection and identity risk management.
Oyster, a software HR platform to address hiring problems in companies, announced its Series B fundraise of $50M, led by Stripes. The funding comes on the heels of its Series A funding, which it raised in February this year from San Mateo-based Emergence Capital.
Chicago-based G2, a marketplace for business organizations to buy, research and manage their software, has attained unicorn status, raising $157M in a Series D funding round led by Permira and bags the unicorn tag. The round has valued the startup at $1.1 Billion.
Insilico Medicine, an AI-based platform for medication discovery and research, has raised $255 million in a Series C round. It is a Hong Kong-based company founded in 2014 to discover novel drug targets for currently untreatable illnesses. In 2020, the firm identified a novel therapeutic target for idiopathic pulmonary fibrosis (IPF), a disease in which the tiny air sacs in the lungs scar and make breathing difficult.
Splunk, a company that develops operational intelligence software, has secured $1 billion in funding from private equity firm Silver Lake. Silverlake’s chair and managing partner, Ken Hao, will join the Splunk board of directors. The San Francisco-based company has introduced Splunk Security Cloud. Splunk also announced the completion of its acquisition of TruStar, a developer of security software.
Mollie, a unicorn payments service provider in Europe, has announced its Series C fundraise of €665 million ($800 million) in a round led by Blackstone’s growth equity investing business- Blackstone Growth (BXG). The company revealed that its valuation has touched €5.5 billion ($6.5 billion) post this round, making it one of the top five most valued privately held fintech companies in Europe.
Merlyn Mind, an AI assistant for teachers, has received $29 million as initial funding from edtech investor Learn Capital and other undisclosed investors. With this announcement, Merlyn Mind has come out of stealth. It spent nearly three years developing its first version and, more recently, piloting the service in more than 50 classes across more than 20 schools.
Zeller, a fintech company based in Melbourne that serves SMBs, has announced that it has raised AUD 50 million at an AUD 400 million valuation. The round was led by Spark Capital. Other participants include Square Peg, Apex Capital Partners, and Addition. The funds will be used to expand Zeller’s research and engineering centre, including hiring 18 new engineering positions to help the company achieve its goal of being a fully regulated business bank.
Memory.ai, a company that creates AI-based applications, has received $14 million in a round headed by Melesio and Sanden. The money will be utilized to develop new apps that will aid individuals in becoming more productive. Dewo and Glue are two applications that are in the works. Both of these apps will be available in the second half of this year.
Toronto-based Joyride, offering solutions for micromobility operators, has announced that it has raised an oversubscribed amount, $3.7M as demand and popularity for e-scooters, bikes and mopeds go up. Its software platform enables businesses to launch, manage and scale their scooter-sharing and bike-sharing businesses all in one place. Joyride stated that the funding would enable it to take its micromobility software to the next level, to thousands of new markets
London-based Ezbob, a provider of customer acquisition technology for financial services, has launched its new modular SaaS platform, Ezbob Express, to address the key challenges in the sector. In its statement to the press, Ezbob elucidated the three important features that Ezbob Express provides- helping financial service providers fill gaps in their digital transformation journeys, assist them in taking precise, complex credit and risk decisions, and enabling the furtherance of embedded finance growth.
Via, a Bay Area-based SaaS startup powering mobile commerce for brands and retailers, has raised its Series A investment worth $15 million from the venture firm Footwork. The company also announced its Peterson Ventures-led seed round investment (undisclosed earlier) and stated that its total fund raised in the last year had crossed $20 million.
DataRails, a financial solutions provider for SMEs, has raised $25 million additional funds in its Series A funding round. With the round, the company closed its Series A, which raised $18.5 million in April. Vintage Investment Partners joins Zeev Ventures, Vertex Ventures Israel, and Innovation Endeavors in the round. The new funding will continue developing a platform that allows small businesses to utilize Excel to perform financial planning and analytics in the same way that bigger companies do. The total amount raised through Series A is $43.5 million.
GrowSari, a company that digitizes sari-sari businesses, has secured an unknown amount in a Series B round of funding. The additional financing will expand the company’s user base to 300,000 new stores in the Philippines. GrowSari was founded in 2016 and claims to have over 50,000 locations in more than 100 municipalities. GrowSari will be a new addition to Asia’s B2B platforms, focusing on servicing micro and small businesses.
Hong Kong-based one-stop crypto finance provider, Amber Group, has turned a unicorn, raising $100 million in Series B funding from the Chinese investment firm, China Renaissance. The round valued the startup at $1 billion, a ten-fold increase from the previously achieved value.
Bengaluru-based multilingual conversational enterprise AI platform, Saarthi.ai, has raised an undisclosed amount from Lead Angels Network in a seed round investment recently, reports on the fundraising said. Its previous investments were an angel round in May 2020 and non-equity assistance in 2019.
Foundries.io, a cloud development and deployment solutions provider for secure IoT and Edge devices, has announced that it has raised $8 million in a Series A funding round led by IQ Capital. Other participants include Crane Venture Partners and Backed VC. The funds will go toward Foundries.io’s development plans, which include talent recruiting and marketing, to provide this platform to more creative firms worldwide.
CYPHER LEARNING, a provider of learning management systems (LMS) for enterprises and educational institutions, has announced that it has raised $40 million in growth equity round from Invictus Growth Partners. The funds will be used to boost sales, marketing, and development of the company’s cutting-edge learning platform and increase profitability. This round marks the company’s first funding from an external source.
Meltwater, a SaaS provider of media intelligence and social listening tools, has announced its acquisition of business information company, Owler, in a $24.5M million cash and equity deal. This agreement is reported to be a part of Meltwater’s growth strategy, involving investments and acquisitions in the social media segment.
Samaaro, an innovative virtual event platform provider, has raised $125,000 in an angel funding round. The participants include Richa Kar, Founder of Zivame; Naman Gupta, AVP of Swiggy; and Kedar Gavane, Senior VP of Comscore; and other senior executives from Google, Flipkart, Swiggy, Adda52, and High Radius.The funds will be used to scale the product, increase the team through key hires, and expand the company’s market reach.
MSMEx, an edtech company for small businesses, has received $1 million in a pre-Series A investment. The money will be used to develop new smart technologies for the edtech business, including a deep learning-based recommender system and an intelligent LIVE chat system. MSMEx connects small business owners with industry experts.
Alpine Investors a private equity firm, has announced its exit as an investor in Cleo Communications a provider of integration solutions, after the latter announced its strategic investment from H.I.G Capital last week.
Neo4j, a provider of graph database platform for organizations, has announced its raise of $325 million in a Series F round led by Eurazeo, at a valuation of $2 billion. According to the company, this transaction represents the largest investment in any private database firm.
KeepTruckin, a unicorn company helping trucking companies in fleet management to increase their productivity, safety, and efficiency, has netted $190M in Series E funding. This round raises its valuation from a previously achieved billion to $2.3B. The proceeds will be used to scale its engineering team.
Bulgarian-based Vitosha Venture Partners has launched its €26 million ($30 million) fund to invest in about 100 early to growth-stage companies based in or related to Bulgaria, as reports. The amount would range from low to up to a million.
Nylas, a communications API (Application Programming Interface) platform, has raised $120M in a Series C funding round led by Tiger Global Management. The new funds will be used to continue extending the types of APIs it offers, emphasizing AI and associated technologies to bring more automation into workflows rather than merely productivity apps.
Beamery, a digital recruitment service, has raised $138 million in a Series C funding round led by Ontario Teachers’ Pension Plan Board’s Teachers’ Innovation Platform (TIP). Other participants include strategic investors who are also users of Beamery: M12, Workday Ventures, Accenture Ventures, EQT Ventures, and Index Ventures.
Claroty, an industrial cybersecurity startup, has raised $140M in a Series D funding round co-led by Bessemer and 40 North. The company plans to expand into new areas such as transportation and government-owned businesses and hire more people globally. According to its CEO, the company is planning to go public.
Video chat startup Twine has announced its raise of $3.3M in venture funding from Moment Ventures. This takes its total seed funding raised to $4.7M. Other investors- Coelius Capital, AltaIR Capital, AltaClub, Mentors Fund, Rosecliff Ventures, and Bloom Venture Partners- had participated in the funding round.
Unit raises $52 million in a Series B funding round led by Accel. Unit is a platform developer that lets third-party companies incorporate financial services into their operations. With this round, its total funding raised since its inception goes up to nearly $70 million.
Internxt, a decentralized cloud storage service, has raised $1 million in a seed round funding co-led by Angels Capital, a European VC fund, and Miami-based The Venture City. A token sale has previously raised about half a million dollars to help fund early development. The funds will go into the company’s next phase of expansion, its month-to-month growth rate is 30%, and it says it’s certain it can at least maintain that, which will include hiring a large number of people to speed up product development.
Akur8, a SaaS insurtech platform, has raised $30 million in a Series B funding round led by an undisclosed investor. This makes the total amount of money raised to $42 million. Actuaries and pricing teams use Akur8 to make faster insurance pricing decisions.
Eqtble, a platform that provides HR teams with detailed analytics, has raised $2.7 million in its seed round funding from Initialized Capital. SB Opportunity Fund, RS Ventures, and other venture capital firms and angel investors, participated in the funding round.
Transform, a centralized metrics store helping data analysts deliver accurate, timely, confident, and fast insights has announced its raise of $24.5M, which includes a $20M in Series A and $4.5M in seed funding. Both fundings were led by Index Ventures and Redpoint Ventures, with participation from Fathom Capital and Work-Life Ventures participated in the round.
BrowserStack, a software testing platform, has announced its Series B fundraise of $200 million from BOND, at a valuation of $4 billion, making it the highest for any Indian SaaS unicorn. Insight Partners and existing investor Accel participated in the funding. The Series B fundraising makes BrowserStack India’s second SaaS unicorn this year, after Chargebee, which attained the tag in April. In its press release, BrowserStack stated that the funding would be used to support its acquisitions, expand its product offerings, and scale growth.
Miami-based Novo, a digital banking platform for small businesses, has raised $40.7 million in a Valar Ventures-led Series A funding round. Other investors – Crosslink Capital, Rainfall Ventures, Red Sea Ventures, and BoxGroup – participated in the funding round, the company said in its press release. The company stated that it would use the proceeds from the investment to introduce new capabilities for assisting small businesses save time and money by optimizing their cash flow.
Tel Aviv-based Bringg, a cloud platform that helps retailers and logistics providers in last-mile delivery operations, has announced its Series E fundraise worth $100 million, led by Insight Partners at a valuation of $1 billion. The Series E fundraising grants it the unicorn status, making it the first company in last-mile delivery and fulfillment cloud technology to attain the status, its press release said.
Vianai Systems, an AI startup, has announced that it has raised $140 million in a Series B funding round led by SoftBank Vision Fund 2. The Palo Alto-headquartered startup said that many industry stalwarts participated in this round. The new round takes the total to at least $190 million.
20 minute VC podcaster Harry Stebbings has raised funding for 20VC. The current raise represents a 15-fold increase over the $8.3 million initial funds, which was launched less than a year ago. Mr. Stebbings’ early-stage fund, 20VC Early, will invest $250,000 to $750,000, while his growth-stage fund, 20VC Explorer, will invest $1 million to $5 million.
DuckDuckGo, an online privacy startup, has claimed a $100M revenue increase. This growth is attributed to secondary investment from existing and new investors. In the last year, its apps have been downloaded over 50 million times. The company intends to extend its operations throughout Europe and other parts of the world.
Copenhagen-based Templafy, a B2B business document creation SaaS platform, has raised $60 million in its Series D funding round led by Blue Cloud Ventures. Existing investors – Insight Partners, Seed Capital, Dawn Capital, and Damgaard Company – had participated in the round, reports state.
Gloat, a talent marketplace platform helping enterprises worldwide harness talent, has announced its Series C fundraise worth $57 million, led by Accel. Existing investors – Eight Roads Ventures, Intel Capital, Magma Venture Partners, and PICO Partners-participated in the funding round.
Trigo, a retail checkout system developer, has raised $10M (the exact amount is undisclosed). Its total funding has crossed $100M with this funding, and it looks to partner with Germany’s REWE Group to help them set up a ‘grab and go’ shopping experience for its new store in Cologne.
Brella, a hybrid event platform, has raised $10 million in a Series A funding round led by Connected Capital. The platform, previously utilized as an offline networking tool, shifted from live events to a virtual event platform once the pandemic struck.
Introhive, AI-powered sales, and revenue acceleration platform, has raised $100 million in a Series C funding round led by PSG, a growth equity firm. Other investors include Mavan Capital Partners, The Business Development Bank of Canada (BDC), and Evergreen Capital.
Meron Capital, an early-stage VC fund, has announced its second fund of $50 million. The fund will invest in Israeli companies developing software-based solutions for enterprise, cybersecurity, digital health, finance, DevOps, and other areas. Ten firms have received further funding, with Immunai, Solugen, and Armory alone revealing total investments of more than $300 million so far.
Andreessen Horowitz (a16z) has officially launched a new website, an a16z subdomain, for publications called Future. The publication will initially focus on themes relevant to the firm’s investment sectors. Still, it will grow over time with the help of a mix of their employees, paid writers, and industry insiders such as founders, professors, and entrepreneurs.
Flexmoney, a full-lifecycle digital credit network platform for lenders and merchants, has raised $4.8 million in a Series A funding round led by Pravega Ventures. Other participants include Z5 Capital and other marquee investors. The fund will be used to expand the Mumbai-based startup’s credit network reach to include many more lenders and merchants and introduce several new products and solidify its position as India’s premier digital credit and BNPL infrastructure, the company said.
Crate.io, a database platform developer, has received an extra $10M in financing. According to the firm, it has raised around $31M in total funding. CrateDB Edge extends the capability of CrateDB Cloud to clients’ remote and offline locations. CrateDB is available in the cloud, at the edge, and on-premise, giving Crate.io complete flexibility in digital transformation.
Iterable, a cross-channel customer experience platform, has secured $200 million in a Series E investment round. Glynn Capital, Silver Lake, Adams Street, and Deutsche Telekom Capital Partners are among the participants. Post-money, the firm is valued at $2 billion. Big data analytics are used in Iterable’s solutions to assess user behavior and enhance engagement time, channel, and frequency.
OCR Labs, an Australian digital id verification company, has raised $15M (€12.5 million) in Series A funding led by Oyak Group amid growing demand for digital id verification. Reports state that the ID verification market is expected to be worth $15.8 billion by 2025. OCR Labs will use the proceeds in expansion.
Multi-channel commerce platform Shopify has announced that it will extend its one-click checkout product, Shop Pay, to businesses and other non-Shopify merchants selling on Facebook, Instagram and Google. This marks the first time that a Shopify product is made available to non-Shopify users.
10x Future Technologies, a London-based digital banking platform helping financial providers transform the way they operate, has raised $187 million in a Series C round co-led by BlackRock and Canada Pension Plan Investment Board (CPP Investments), reports state.
Uberall, a company that helps enterprise resellers to deliver memorable ‘Near Me’ (location-based search) brand and marketing SaaS solutions, has announced its raise of $115 million in funding led by Bregal Milestone. Alongside its fundraising, Uberall, as a part of its growth strategy, has also announced its acquisition of MomentFeed, a provider of proximity search operations in North America.
Duda, a responsive website builder for digital marketing agencies, hosting companies, and SaaS companies, has announced its %50 million Series D funding led by Claridge IL and its existing investors- Susquehanna Growth Equity and Vintage Investment Partners. The company stated that this is its largest-ever fund raised, taking the total amount to over $100 million.
San Jose-based Elisity, which provides identity and behavior-based enterprise security, has announced the close of its Series A funding, where it raised $26 million from Two Bear Capital and AllegisCyber Capital. Previous investor Atlantic Bridge participated in the round.
Bengaluru-based Apna. a professional networking platform working towards solving India’s unemployment at the grassroots level, has raised $70 million in a Series B funding round co-led by Insight Partners and Tiger Global, reports state. Apna’s valuation post the funding stands at $570 million.
Upflow, a French startup, has raised $15 million in a Series A funding round. The business wants to assist you in pursuing late payments. Other participants include 9yards Capital, existing investor eFounders, N26 co-founder Maximilian Tayenthal, auxmoney co-founder and CEO Raffael Johnen, Uber SVP of Delivery Pierre-Dimitri Gore-Coty. The firm intends to expand to the United States as a result of the fundraising round.
Macrometa, an edge computing startup, has announced that it has raised $20 million in a Series A round led by Pelion Venture Partners. Other participants include DNX Ventures, Benhamou Global Ventures (BGV), Partech Partners, Shasta Ventures, Fusion Fund, and Sway Ventures.
Cord, a startup automating annotation processes for computer vision, has announced that it has raised $4.5 million in a CRV-led seed round. As the firm prepares to hire more staff, the funds will be used to grow Cord’s client base, and platform.
Dropshop, a platform for FMCG distribution, has secured Rs. 9.3 crore in a pre-Series A investment round headed by Inflection Point Ventures (IPV). The Bengaluru-based company is a full-stack platform that enables FMCG companies to digitize last-mile distribution, sales, logistics, and credit to retailers. The funds will be utilized to develop the product and expand the company’s operations.
Jumbotail, a food, and grocery retail platform and B2B marketplace, has secured Rs. 35 crore ($4.8 million) in a loan round from Alteria Capital. The money will be utilized to expand the business across the country. Ashish Jhina and S Karthik Venkateswaran, Stanford MBA classmates, started the company. The company claims that its new retail technology turns kiranas into modern omnichannel convenience food outlets under the J24 brand in as little as 24-48 hours.
SimpliContract, an AI and SaaS-based contract lifecycle management (CLM) platform, has raised $1.8 million in a seed round funding led by Kalaari Capital. Other participants include Picus Capital, Arka Venture Labs, and Digital Sparrow Capital.This fund will support the startup’s engineering, AI research, and marketing activities.
Enterprise AI and Machine Learning (ML) platform, Dataiku, which helps businesses turn raw data into analytics, has launched Dataiku Online, with the same features as that of its on-premise and the cloud product, but cuts down on the complexity of setup processes involved in the other two.
Automattic, the company behind content management systems like WordPress and other publishing platforms, has announced that it has acquired the private journaling app Day One. The financial details of the transactions remain undisclosed. In its blog post, Automattic stated that with this acquisition, Day One would continue to create beautifully designed and innovative experiences having features such as end-to-end encrypted cloud synchronization, rich text formatting with markdown, daily prompts, and much more. Even post the acquisition, Paul Mayne will remain the CEO.
Israel’s fraud detection startup, nSure.AI which helps digital retailers discern fraudulent and legitimate transactions, has raised $6.8M in a seed funding round led by Disruptive AI and others. Reports state that usually, detecting fraud is more difficult in the sale of non-physical goods as opposed to physical goods, which receive ample buffer time to detect and trace one. nSure.AI shall invest more in its AI and ML technology, using the proceeds
Convosight, a community creator monetization platform, has said that it has raised $9 million in a Qualgro-led Series A funding round. Other participants include existing investors IvyCap Ventures and Sequoia Capital India’s Surge, as well as Unilever Ventures and Ajay Gupta.
San Francisco-based Anrok, a startup that provides modern sales tax solutions for SaaS businesses, has announced the launch of its platform and its $4.3 million seed round fundraise from a Sequoia Capital and Index Ventures-led round.
Instadapp, a blockchain startup, has announced that it has raised $10 million in a funding round led by Standard Crypto. Other participants include DeFi Alliance, Longhash Ventures, and Yearn Founder Andre Cronje. The fund will be used to finish the startup’s move into the middleware layers for DeFi (Decentralized Finance) and support the ecosystem project built on top of the Instadapp protocol.
UK’s cybersecurity trainer Immersive Labs, which helps enterprises increase their human capabilities in cybersecurity, has netted $75M in Series C. The proceeds would be used to scale its presence in the US and for increasing its headcount, as per reports.
Global VC firm SOSV has closed its special fund, which it calls a growth-stage fund to invest in startups in their Series B and beyond stages. Using these funds, it aspires to invest up to $5M in about 20-30 startups. Also, it aims to deploy its SOSV IV select fund, which was oversubscribed in 2019, for deep-tech startups.
Info Edge India has announced that it has acquired Zwayam Digital, a recruitment management SaaS platform, for Rs 61 crore. Info Edge India operates companies like Naukri.com, Jeevansathi.com, and 99acres.com. Zwayam, through the acquisition, hopes to make the most of the ecosystem, expertise, and resources that Info Edge has to offer. According to the press release, Zwayam will have its own independent identity.
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