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Osome , a Singapore-headquartered business assistant app that digitizes accounting and compliance tasks, has raised $3 million. An extension of Osome’s seed round , the new funding was led by XA Network and AltaIR Capital. The new funding brings Osome’s total raised to $8 million from investors including Target Global.
The new funding was led by SEEDS Capital, the investment arm of government agency Enterprise Singapore. Sleek co-founder and chief growth officer Adrien Barthel told TechCrunch that the funding is part of Sleek’s seed round and brings the startup’s total raised so far to $7 million. It will start raising a Series A next year.
Osome is a corporate “super app” that helps business owners with administrative tasks like payroll, accounting and tax reporting. Osome currently serves more than 11,000 business in Singapore (where it is is headquartered), Hong Kong and the UnitedKingdom.
Ubco, the New Zealand-based electric utility bike startup, has raised $10 million to fund a global expansion focused on the U.S. market and scale up its commercial subscription service business. . As the company expands this part of its business model, it hopes to lead the circular economy space.
QED Investors announced the closing of two new funds totaling $1.05 Specifically, today QED is announcing a $550 million early-stage fund and a $500 million growth-stage fund , both of which are aimed at backing fintech companies primarily in the U.S., the UnitedKingdom, Latin America and Southeast Asia.
Fintech startup and alternative credit asset manager Viola Credit has closed its latest $700 million fund, which provides asset-based lending capital to fintech, proptech and insurtech startups. These are tech companies backed by VCs but they also need financial partners due to their capital-intensive businesses in order to do this.
As the market swoons, venture capital firms continue to announce new funds. Meanwhile, I corresponded with three firms about their funds and any concerns that limited partners had brought up during the fundraising stage. Last month, Alaya had the first closing of $80 million in capital commitments for its third fund.
Virgin Atlantic Airways has filed for bankruptcy protection for its United States business, as it tries to nail down a £1.2 The company is not yet going out of business or liquidating its operations, which is what Chapter 7 bankruptcy protection is for. Photo by Matthew Horwood/Getty Images. billion ($1.6
Almost overnight, platforms that offer non-dilutive capital for recurring revenue businesses have become white-hot. This fever is now reaching Europe, where today Capchase raised an additional $280 million in new debt and equity funding, led by i80 Group, following a $125 million round in June.
In March 2020, the company made headlines for laying off nearly 300 employees in the face of a slowdown in business related to the pandemic. That pivot has proven to be a smart move for the company, which today announced it has raised $275 million in a Series F “growth” funding round at a $7.25 billion valuation.
The Singapore-based startup’s last funding round was $3 million announced in November. Its Series A brings Osome’s total funding since it was founded in 2017 to $24.5 It now claims to be used by 6,000 companies in Singapore, the UnitedKingdom and Hong Kong, giving it $9.5 Ong, who joined as an angel investor.
Business, now more than ever before, is going digital, and today a startup that’s building a vertically integrated solution to meet business banking needs is announcing a big round of funding to tap into the opportunity. “We want to be like the Apple of business finance.” That involves two parts.
Airwallex , the fintech company for cross-border businesses, announced today it has added $100 million more to its Series D round, bumping its valuation up to $2.6 The company was founded in Melbourne in 2015, and now has more than 600 employees across 12 offices in Australia, China, Hong Kong, the UnitedKingdom, Japan and the United States.
Four months after announcing its last round, Employment Hero has closed another $140 million AUD (about $103 million USD) in funding. Its previous funding announcement was a $45 million AUD Series D announced in March , led by online job platform SEEK, at the company’s previous valuation of about $250 million AUD.
Fireblocks , an infrastructure provider for digital assets, has raised $310 million in a Series D round of funding that tripled the company’s valuation to $2.2 Fireblocks launched out of stealth mode in June of 2019 and has since opened offices in the UnitedKingdom, Israel, Hong Kong, Singapore, France and the DACH region.
It was valued at more than $1 billion in its most recent funding round of more than $400 million, and in January it announced the acquisition of ad measurement company Soomla. Its customers include Crazy Labs, Supersonic Studios, Lion Studios, Kwalee and Voodoo. The financial terms of the acquisition were not disclosed.
One of the big leaders in buying up and scaling third-party merchants selling on Amazon and other marketplace platforms is announcing a major round of funding today as it continues to expand its ambitions. businesses per week and now has some 200 brands in its portfolio. Upper90, funds managed by Oaktree Capital Management, L.P.,
Thunes’ last funding announcement was in September 2020 a $60 million Series B led by Helios Investment Partners. It is regulated by the Monetary Authority of Singapore and the Financial Conduct Authority in the UnitedKingdom. When Insight approached Thunes, it was not planning to raise more funding. Insight closes $9.5B
The public sector usually publishes its business opportunities in the form of “tenders,” to increase transparency to the public. However, this data is scattered, and larger businesses have access to more information, giving them opportunities to grab contracts before official tenders are released. Stotles is a new U.K.
Just over five months after securing $50 million in debt & equity , Valoreo has closed on a $30 million Series A funding round. California-based Presight Capita l and Kingsway Capital out of the UnitedKingdom co-led the round, which also included participation from existing backers such as Kaszek, Upper90 and FJ Labs.
trillion B2B payments market in sub-Saharan Africa is one where merchants commonly use manual invoices and inefficient processes that burden merchants and make them struggle with their businesses. million in seed funding. The process of sending and receiving payments in a $1.5 YC-backed Duplo raises $1.3M
computer vision startup that’s sharpened its business pitch to sell an AI service for quickly anonymizing video — automating the blurring of faces or licence plates, along with a suite of other visual search services — has grabbed another chunk of seed funding: announcing a raise of $7.5 Pimloc , a U.K.
million seed round led by Founders Fund, an early investor in SpaceX, backed by Luminous Ventures, 7percent Ventures and Entrepreneur First. Magdrive is at the European Space Agency Business Incubation Centre in Harwell, Oxford. Magdrive has just closed a £1.4
William Kilmer is managing partner with C5 Capital , a venture capital fund investing in the secure data ecosystem. Just when we thought things couldn’t get worse in 2020, we received the news on the SolarWinds hack and its impact on more than 18,000 businesses and potentially dozens of U.S. and in Europe, led by the UnitedKingdom.
aren’t finished taking big swings at the commercial real estate business in the U.S. Even after the collapse of WeWork, the investors are doubling down on a similar business model as part of a syndicate investing $700 million into REEF Technology. It has since expanded its vision while remaining true to its basic business model.
Ringle created a niche for itself by focusing on adults first, with courses like business English and interview preparation. the UnitedKingdom, Japan, Australia and Singapore. Ringle’s co-founders are Seunghoon Lee and Sungpah Lee, who both earned MBAs from the Stanford University Graduate School of Business.
Go digital : Manual business processes were the norm, so it’s understandable that stepping away from what you know can be difficult. Case in point, Holidu grabbed $98 million in new funding to keep growing its vacation rentals business in Europe, Natasha L writes. million in Series A funding, Christine reports.
But business is growing again thanks to rebounds in domestic travel and Headout claims it has grown 800% since January 2021. The new funding will be used to expand into 300 cities, product development and its product, business, marketing and operations teams. Then COVID-19 hit.
Wayflyer , a revenue-based financing platform for e-commerce merchants, has raised $76 million in a Series A funding round led by Left Lane Capital. The raise comes just after Wayflyer raised $100 million in debt funding to support its cash advance product, and 14 months after the Dublin, Ireland-based startup launched its first product.
But what we might be seeing more of in an increasingly challenging fundraising environment is that companies will choose to go the extension route as opposed to raising fresh capital as a new funding round. “We’re ” With the latest funding round, Faire has now raised over $1.4 It feels like flat is the new up.”.
Now, as it expands to Mexico, the UnitedKingdom and elsewhere, this startup with its roots in a rural farm in Indiana, is redefining emergency response globally for the 21st Century. The lead writer of this EC-1 is Danny Crichton. We’re always iterating on the EC-1 format.
Fund managers can leverage ESG-related data to generate insights. The DiginexESG platform quite simply takes away those challenges and does all the heavy lifting for them. It’s like DocuSign, Dropbox, TurboTax or Slack hardcoded for ESG reporting.”.
Making sure mental wellness is part of your routine can be difficult, especially if you are already busy and stressed. million seed round, almost eleven months after its pre-seed funding. The new funding will be used to hire for MindLabs’ product and engineering, content and market as it prepares for its public launch next year.
Compared with countries like the United States or the UnitedKingdom, the racial funding gap is even more stark as more than 50% of Brazil’s population is classified as Afro-Brazilian. There is a clear recognition of the business case for Afro-Brazilian businesses.
On the heels of Heroes announcing a $200 million raise earlier today, to double down on buying and scaling third-party Amazon Marketplace sellers, another startup out of London aiming to do the same is announcing some significant funding of its own. North Wall Capital was behind the debt portion of the deal. ”
Embed that finance : Pezesha, a Kenyan-based fintech startup, is flush with $11 million in new capital as it seeks to bridge the gap between access to financial products and what is a “$330 billion financing deficit for the small enterprises that make up 90% of Africa’s businesses,” Annie reports. Startups and VC.
Oxwash , a UK startup that’s spent the last few years applying high tech processes to shrink the environment cost of dry cleaning and commercial laundry, has trousered £10 million (~$12M) in Series A funding to expand its nationwide footprint. London’s By Rotation is taking its p2p fashion rental app stateside.
. “We think that it doesn’t make sense for 90% of deliveries in the United States of two kilogram burgers to be done in 2-ton vehicles. The company already operates in Australia, the UnitedKingdom and the United States, and has recently expanded into new cities in those markets, like Manchester, U.K.
Given the likely global recession, small businesses are reaching for new kinds of financing. Thus, the buy now, pay later business model is now expanding into this B2B world at a rate of knots. based venture capital fund Valar Ventures and will use the funding to expand into more European countries later this year.
Founded in 2018 by CMA CGM Group chairman and CEO Rodolphe Saadé, ZEBOX already has hubs in France, the United States, the UnitedKingdom, West Africa and the Caribbeans, which have collectively worked with 100 startups that have raised a total of $235 million in funding. Both of these took part in ZEBOX France.
Its algorithm primarily leverages information from “open banking” data, which is secure customer information that large UnitedKingdom banks are required by law to share with third parties and technical service providers. government’s Future Fund, and some angel investors, according to the company.
million in seed funding from a range of investors and is announcing new plans to scale its technology to other consumer verticals in the future in the B2B space. The business model is based around an affiliate partnership model, where it makes between 5-25% of each sale. It has now raised $1.7
million in seed funding. The round, which Maya said is the largest raised by a Bangladeshi health tech company so far, was led by early-stage fund Anchorless Bangladesh and The Osiris Group, a private equity firm focused on impact investing in Asian markets. The startup announced today it has raised $2.2
Since TechCrunch covered MindX’s Series A funding in November 2021 , it’s tripled its geographical coverage to 32 campuses across Vietnam, graduated 35,000 students so far and connected students to employers in countries like Australia, Thailand, the UnitedKingdom and, soon, the United States.
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