Channext, a software-as-a-service platform connecting vendors and business partners, has raised USD 0.8 million in a seed round. Channext will use the funds received in this round to extend its European footprint in countries such as Italy, the Nordics, and Spain. Despite the difficulties of starting a business during a pandemic, he continued, their company has expanded significantly in the last year.
Pathfndr.io, a no-code SaaS startup, has raised an undisclosed amount in pre-Series A round led by Arali Ventures. Other participants include SEA Fund, Wayfare Ventures, KPB Family Trust, Acsys Investments, and Capital A, JAZFund LLC, Shravan Gupta, and founders of unicorns Freshworks and Chargebee. Pathfinder.io is the operating name of Bengaluru-based MeTripping Technologies Pvt Ltd. The firm said in a statement that the additional money would be used to continue investing in product innovation at scale and expand its worldwide sales force.
Tomi.ai, an AI-powered platform optimizing digital ads, has announced its seed fundraise of $1 million from Begin Capital and Phystech Leadership Fund. Konstantin Bayandin, founder and CEO of Tomi.ai, on his LinkedIn handle, announced the funding and thanked the investors. According to reports, Mr. Bayndin would use the proceeds from the fund to expand the company’s platform
Hyderabad-based BigLeap has raised ₹5 crores ($0.67 million) in a debt fund from Anup Kumar Yama, a roller skater athlete from India and the CEO of Yama Skating Academy. Reports state that the funding was raised for the startup’s initiative, BigLeap.AI, a stealth-mode HR product aimed at simplifying the job search experience. According to the Times of India, The BigLeap.AI app is expected to be rolled out in September this year and would help job seekers to tap into active vacant jobs in different sectors.
New York-based Batch has raised $5 million in a seed round funding co-led by Coatue Seven Seven Six as per reports. The round witnessed participation from the Weekend Fund, Shrug Capital, and the Chainsmokers, among others. The startup provides QR codes to help retailers selling to customers, make re-ordering of their products fast and simple. Currently, the startup uses Apple’s App Clip technology assisting the users in loading a small part of the app on demand but plans to make it work on both iOS and Android eventually.
Acryl Data has come out of stealth mode, raising $9 million in a seed round led by 8VC, with LinkedIn and Insight Partners’ participation to help companies use their tools for their big data requirements.
Golden Ventures, an early-stage venture capital firm, has raised its fourth fund of $100M. The funds will be utilized to invest in new companies and follow-on investments in businesses outside of Golden Ventures’ portfolio. At this time, the fund’s primary goal is to profit from the growing trend of increased opportunity in the Canadian environment.
Mitiga, a cloud security startup, has raised $25 million in a Series A funding round led by DNX, ClearSky Security, and Atlantic Bridge. According to the Israeli firm, the money will be used to “continue to disrupt how incident preparation and response is delivered,” as well as to “significantly” increase its cybersecurity, engineering, sales, and marketing employees.
Pequity, a compensation software builder for equitable pay, has raised $19 million in a Series A funding round led by Norwest Venture Partners. Other participants include Scribble Ventures, First Round Capital, and Designer Fund. The funds will be used to invest in products as well as hiring. The firm now has 20 employees on its payroll and plans to double that number by the end of the year, after favorable market feedback.
Frumtak Ventures has launched its third fund, Frumtak III, to invest in post-seed and Series A startups. The $57M fund would have a ticket size ranging from one to five million dollars for the companies it would invest in. The VC firm targets early-stage companies having a high growth potential.
Embark Trucks Inc. and Northern Genesis Acquisition Corp II have jointly announced that both the companies will be entering a definitive business combination agreement that will make Embark Trucks go public. This deal will give Embark Trucks a market value of $5.2 billion. Embark Trucks is an autonomous software technology developer for the trucking industry.
Aircall, a cloud-based call center software firm with a $1.1 billion value, has raised $120 million in a Series D round, making it a unicorn. The business plans to hold an enormous technology stack and collaborate with large telecom companies to use their networks.
Vercel, a platform for creating, evaluating, and deploying Jamstack sites, has received $102 million in a Series C round with a valuation of $1.1 billion, making it a unicorn. Vercel is the open-source Next.js React framework’s creator. Traffic to all of the company’s websites and applications has tripled since October 2020, indicating significant growth. Carhartt, Github, IBM, McDonald’s, and Uber are among Vercel’s clients.
PlanetScale, the pioneer of Vitess, a database clustering system for MySQL, has announced its Series B fundraise of $30 million, led by Insight Partners. Andreessen Horowitz and SignalFire participated in the round.
Forto, a provider of digital logistics technology, digitized freight forwarding supply chain solutions, has turned a unicorn, raising $240 million in a Series C round led by SoftBank Vision Fund 2. The company’s valuation now stands at $1.2 billion.
In a move to unify developer experiences, providing intelligent applications, Amazon Web Services, and Salesforce have announced the expansion of their strategic partnership. The move would facilitate customers to use Salesforce and AWS capabilities in tandem to deploy robust and new business applications accelerating digital transformation quickly.
Drata, a compliance and security automation company, has announced its Series A fundraise of $25 million in a round led by GGV Capital. Angel and other investors – SVCI (Silicon Valley CISO Investments), Okta Ventures, Basis Set Ventures- participated in the funding round.
Rocketlane, a B2B SaaS, received $3 million in initial investment from Matrix Partners India and Nexus Venture Partners. According to a senior corporate executive, the cash will be used to grow the company and hire more employees. Srikrishnan Ganesan, Vignesh Girishankar, and Deepak Bala established Rocketlane in 2020 as a purpose-built unified workplace for interacting with clients on onboarding efforts.
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By PeopleAtom
Channext, a software-as-a-service platform connecting vendors and business partners, has raised USD 0.8 million in a seed round. Channext will use the funds received in this round to extend its European footprint in countries such as Italy, the Nordics, and Spain. Despite the difficulties of starting a business during a pandemic, he continued, their company has expanded significantly in the last year.
Pathfndr.io, a no-code SaaS startup, has raised an undisclosed amount in pre-Series A round led by Arali Ventures. Other participants include SEA Fund, Wayfare Ventures, KPB Family Trust, Acsys Investments, and Capital A, JAZFund LLC, Shravan Gupta, and founders of unicorns Freshworks and Chargebee. Pathfinder.io is the operating name of Bengaluru-based MeTripping Technologies Pvt Ltd. The firm said in a statement that the additional money would be used to continue investing in product innovation at scale and expand its worldwide sales force.
Tomi.ai, an AI-powered platform optimizing digital ads, has announced its seed fundraise of $1 million from Begin Capital and Phystech Leadership Fund. Konstantin Bayandin, founder and CEO of Tomi.ai, on his LinkedIn handle, announced the funding and thanked the investors. According to reports, Mr. Bayndin would use the proceeds from the fund to expand the company’s platform
Hyderabad-based BigLeap has raised ₹5 crores ($0.67 million) in a debt fund from Anup Kumar Yama, a roller skater athlete from India and the CEO of Yama Skating Academy. Reports state that the funding was raised for the startup’s initiative, BigLeap.AI, a stealth-mode HR product aimed at simplifying the job search experience. According to the Times of India, The BigLeap.AI app is expected to be rolled out in September this year and would help job seekers to tap into active vacant jobs in different sectors.
New York-based Batch has raised $5 million in a seed round funding co-led by Coatue Seven Seven Six as per reports. The round witnessed participation from the Weekend Fund, Shrug Capital, and the Chainsmokers, among others. The startup provides QR codes to help retailers selling to customers, make re-ordering of their products fast and simple. Currently, the startup uses Apple’s App Clip technology assisting the users in loading a small part of the app on demand but plans to make it work on both iOS and Android eventually.
Acryl Data has come out of stealth mode, raising $9 million in a seed round led by 8VC, with LinkedIn and Insight Partners’ participation to help companies use their tools for their big data requirements.
Golden Ventures, an early-stage venture capital firm, has raised its fourth fund of $100M. The funds will be utilized to invest in new companies and follow-on investments in businesses outside of Golden Ventures’ portfolio. At this time, the fund’s primary goal is to profit from the growing trend of increased opportunity in the Canadian environment.
Mitiga, a cloud security startup, has raised $25 million in a Series A funding round led by DNX, ClearSky Security, and Atlantic Bridge. According to the Israeli firm, the money will be used to “continue to disrupt how incident preparation and response is delivered,” as well as to “significantly” increase its cybersecurity, engineering, sales, and marketing employees.
Pequity, a compensation software builder for equitable pay, has raised $19 million in a Series A funding round led by Norwest Venture Partners. Other participants include Scribble Ventures, First Round Capital, and Designer Fund. The funds will be used to invest in products as well as hiring. The firm now has 20 employees on its payroll and plans to double that number by the end of the year, after favorable market feedback.
Frumtak Ventures has launched its third fund, Frumtak III, to invest in post-seed and Series A startups. The $57M fund would have a ticket size ranging from one to five million dollars for the companies it would invest in. The VC firm targets early-stage companies having a high growth potential.
Embark Trucks Inc. and Northern Genesis Acquisition Corp II have jointly announced that both the companies will be entering a definitive business combination agreement that will make Embark Trucks go public. This deal will give Embark Trucks a market value of $5.2 billion. Embark Trucks is an autonomous software technology developer for the trucking industry.
Aircall, a cloud-based call center software firm with a $1.1 billion value, has raised $120 million in a Series D round, making it a unicorn. The business plans to hold an enormous technology stack and collaborate with large telecom companies to use their networks.
Vercel, a platform for creating, evaluating, and deploying Jamstack sites, has received $102 million in a Series C round with a valuation of $1.1 billion, making it a unicorn. Vercel is the open-source Next.js React framework’s creator. Traffic to all of the company’s websites and applications has tripled since October 2020, indicating significant growth. Carhartt, Github, IBM, McDonald’s, and Uber are among Vercel’s clients.
PlanetScale, the pioneer of Vitess, a database clustering system for MySQL, has announced its Series B fundraise of $30 million, led by Insight Partners. Andreessen Horowitz and SignalFire participated in the round.
Forto, a provider of digital logistics technology, digitized freight forwarding supply chain solutions, has turned a unicorn, raising $240 million in a Series C round led by SoftBank Vision Fund 2. The company’s valuation now stands at $1.2 billion.
In a move to unify developer experiences, providing intelligent applications, Amazon Web Services, and Salesforce have announced the expansion of their strategic partnership. The move would facilitate customers to use Salesforce and AWS capabilities in tandem to deploy robust and new business applications accelerating digital transformation quickly.
Drata, a compliance and security automation company, has announced its Series A fundraise of $25 million in a round led by GGV Capital. Angel and other investors – SVCI (Silicon Valley CISO Investments), Okta Ventures, Basis Set Ventures- participated in the funding round.
Rocketlane, a B2B SaaS, received $3 million in initial investment from Matrix Partners India and Nexus Venture Partners. According to a senior corporate executive, the cash will be used to grow the company and hire more employees. Srikrishnan Ganesan, Vignesh Girishankar, and Deepak Bala established Rocketlane in 2020 as a purpose-built unified workplace for interacting with clients on onboarding efforts.