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Freight transportation-focused Rose Rocket recently raised a $25 million round. Per venture data aggregated by Carta , average logistics-themed Series A rounds since the start of 2020 have sported median cash raises of $8 million and post-money valuations of around $50 million. We should probably pay it more heed.
Today it provides electronic payments and customer engagement technology to businesses, particularly those that provide services, CEO Tarique Al-Ansari told TechCrunch. The new funding gives Canada-based Paystone total funds raised in 2021 of $78.8 It raised $54.9 Refer a friend, get a reward. Write a review, get a reward.
Today a company focused on experiences — museum visits, skydiving, local cooking classes and more — is announcing a round of growth funding on the back of seeing its own business bounce back. ” Peek has now raised more than $100 million in the last 10 years. Peek was also not immune.
A startup tapping into the concept of the circular economy, where people don’t buy items outright but pay an incremental amount to use them temporarily, has raised some funding to scale its business in Europe and beyond. The fresh funding allows us to bring these possibilities to even more people across the world.
Millions of small and medium businesses still operate inefficiently due to dependency on manual processes, which limits their capacity to grow and scale; this is despite contributing to about 48% of Nigeria’s GDP in the last five years, But the tide is turning. Some include Pastel , Kippa and OZÉ. .
IntellectoKids , a developer of educational apps for children aged 3 to 7 years, has raised $3 million in a Series A financing led by U.S.-based IntellectoKids says it has more than 2 million installs across NorthAmerica and Central and Northern Europe. based Allrise Capital and other investors, including Genesis Investments.
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. Cross-border fintech Airwallex raises $100M Series D extension at new valuation of $2.6B.
A month before the COVID-19 pandemic had spread to NorthAmerica, auto fintech startup MotoRefi — newly armed with nearly $9 million in venture capital — was preparing to bring its refinancing platform to the masses. MotoRefi said Friday it has raised $10 million in a round led by Moderne Ventures. . The company raised $8.6
The company says the new facility will be the largest of its kind in NorthAmerica, helping to push Beta Hatch to 10x its current output over the next year. Mealworms have proven intriguing as food sources for food sources, as evidenced by Ÿnsect’s $125 million raise way back in 2019.
Superscript , an insurance broker and tech platform targeting SMEs and “high-growth” tech firms, has raised £45 million ($54 million) in a Series B round of funding. Founded out of London in 2015, Superscript constitutes two core insurance businesses: an online-only “self-serve” platform that’s available to U.K.
The economy may be showing many signs of contraction right now, but many companies still need to do business internationally. Jack Zhang — Airwallex’s CEO who co-founded the company with Xijing Dai, Lucy Liu and Max Li — told TechCrunch that business has been on the up in the last year.
Ribbit Capital, a venture firm best known for its fintech investments, has raised $1.15 The amount is significantly higher than the $750 million the firm was said to be raising in March of 2021. The amount is significantly higher than the $750 million the firm was said to be raising in March of 2021. billion as well.
BluePallet , an online marketplace connecting manufacturers with the chemical industry, announced today that it has raised $5 million in a funding round led by Vinmar Ventures, a subsidiary of petrochemical distributor Vinmar International. . NorthAmerica is the second-largest region and accounts for 17% of the market.
ReCharge , a provider of subscription management software for e-commerce, announced today that it has raised $227 million in a Series B growth round at a $2.1 With this round, ReCharge has raised a total of $277 million in funding. All B2B startups are in the payments business. billion valuation. .
The pilot will focus on deliveries to and from small businesses. Japan’s Terra Drone raised a $70 million Series B led by Mitsui Corporation. Kyte raised $200 million in asset-backed credit financing from Goldman Sachs and Ares Global Management to pay for new vehicles that will fuel the on-demand car rental startup’s expansion.
The Bangalore-based company announced today it has closed a $75 million Series C from LeapFrog and Khosla Ventures, with plans to grow its user base in India, Southeast Asia and NorthAmerica. HealthifyMe has now raised more than $100 million in total.
E-commerce and other online businesses are becoming increasingly global in their operations and customer bases, and a startup called Airwallex — which has built a banking solution that addresses the opportunity to provide cross-border financial services — has been seeing a massive surge of activity.
Fundbox, a company that offers loans and financial products to small businesses, announced today it has raised $100 million in a Series D round at a valuation of $1.1 It is particularly focused on B2B-focused small businesses. “We That same year, the company also opened its Dallas office, now its largest in the U.S., “to
Travel booking startup Hopper today announced that it closed a $96 million follow-on investment from Capital One, bringing the company’s total raised to $740 million. Travel app Hopper raises $96M from Capital One to double down on social commerce by Kyle Wiggers originally published on TechCrunch. Image Credits: Hopper.
Today, the company, which is building an “all-in-one expense management platform” for global startups, is announcing that it has raised a $57 million Series B at a $500 million valuation. That’s up from a valuation of just north of $100 million at the time of Jeeves’ Series A, which closed in May and was announced in early June.
Bondaval , the London-based B2B insurtech that gives credit teams assurance that customers will fulfill their financial obligations, has raised $15 million in Series A funding led by Talis Capital. Since then, it’s expanded its reach to 31 countries in Europe and NorthAmerica, and grown its team to 20 people, with plans to hire more.
European startup and venture capital data company Dealroom has raised a €6 million Series A, it told TechCrunch. The company’s new capital comes nearly two years after it raised €2.75 Its database competes with a number of rivals in NorthAmerica, including PitchBook , CB Insights , and my former employer Crunchbase.
Back in 2017, we could see that business was changing. Some of the biggest ethical issues raised by AI are bias, data privacy and security, accuracy and reliability, and responsible innovation. The use of AI in IP also raises additional questions. It’s time to meet your business objectives. Sponsored by WorkerBee.TV
As we have started to see the light at the end of the COVID-19 tunnel, food delivery has shaped up to continue to be a major business. The startup has raised $150 million, a Series D round of funding that values the company at over $1.4 Today Deliverect’s business is split roughly 50-50 between the two categories.
Following a Covid-driven boost, the popular AllTrails resource for hikers, bikers, climbers, and anyone else who enjoys the outdoors, announced today it’s raised $150 million from the growth fund of global private equity firm Permira to further accelerate its business.
French startup Exotec has raised a $335 million Series D round in a new round of funding led by Goldman Sachs’ Growth Equity business. Following today’s funding round, the startup plans to hire 500 engineers by 2025 and continue its push in NorthAmerica.
ChargeLab , which has raised $4.3 The big industrial manufacturer is getting ready to launch their next charging product in NorthAmerica. The company had raised a pre-seed round of $1.1 As more service providers get into the market, Lefevre sees the opportunity set for his business expanding exponentially.
Canadian travel startup Hopper has raised a $170 million Series F round, led by Capital One. This is Hopper’s second raise in a year that has been marked by turmoil for the travel industry, owing to the disruptions caused by the global COVID-19 pandemic. “These vouchers, we had to key them in all by hand.
The San Francisco-based company’s produce business-to-business marketplace provides a way for produce buyers and sellers to quickly close deals on surplus or imperfect crops in just a few clicks. We profiled the company at the beginning of its journey in 2016 and then again in 2017 when it raised $2 million. Food waste is a $2.6
Sanlo , a San Francisco-based fintech startup that offers small to medium-sized game and app companies access to tools to manage their finances and capital to fuel their growth, has raised $10 million in Series A funding led by Konvoy. Sanlo raises $3.5M Sanlo then provide companies with access to capital. Image Credits: Sanlo.
ShopThing , a live shopping marketplace focused on luxury brands, has raised $10 million in Series A funding led by Origin Ventures, with participation from Pritzker Group and Interplay. Founded in 2018, ShopThing currently has 500,000 users across NorthAmerica. Image Credits: ShopThing.
Fast-forward a few years and EverestLabs has achieved “significant momentum,” Ambati claims, pointing to customer deployments in NorthAmerica, including SIMS Sunset Park in Brooklyn, one of the larger plant operators in the region. million Series A round that brings the company’s total raised to $24.63
Ottonomy.IO , a startup working on solving delivery problems using autonomous robots, has raised $3.3 and Europe to expand its business. The company said it was also working with top Fortune 500 companies in retail and restaurant industries across NorthAmerica to widen its market, though it declined to identify them. .
— it was originally founded in Portugal but now is based out of San Mateo — and towards business development, specifically via partnerships to integrate and sell its tools. This latest round comes nearly four years after Feedzai raised its Series C, a $50 million round led by an unnamed investor and with an undisclosed valuation.
Deal of the week The battery business keeps attracting capital. The company raised around $1.2 That cash will be used to build new factories in NorthAmerica and Europe. The company has raised $9 billion in debt and equity since 2017, including $1.1 Didi, which raised $4.4 Chinese companies listing on U.S.
Online businesses are at risk of bad bot activity, certainly more now than they used to be. Case in point, DataDome, a provider of bot protection services for mobile apps, websites and APIs, has raised $42 million in a Series C round led by InfraVia Growth with participation from Elephant and ISAI.
Ibex Investors led the Series B with Vertex Growth Fund , Strides International Business , Magma Venture Partners , Vertex Ventures Israel , and GlenRock Israel. Cylus will use the current funding to fuel its growth globally in NorthAmerica, Europe, and the Asia Pacific. The company did not disclose its post-money valuation. .
Doosan also notes in a release that its robotics systems have hit 1,000 units annually, while sales outside of Korea (primarily NorthAmerica and Western Europe) now account for roughly 70% of that total figure. The company is also in the process of eyeing an IPO.
Two years ago, startups developing software that helps draft, manage and review contracts raised over $70 million in venture equity. million in the bank, SpotDraft says that it’ll invest in product development and “aggressive growth” in NorthAmerica, aiming to double its 170-person headcount within the next 18 months.
Less than seven months after closing on a $57 million Series B , fast-growing fintech Jeeves has raised $180 million in a Series C round that values the company at $2.1 Financial technology companies raising multiple rounds in a short period of time has become more the norm than an exception as of late.
It has now raised over $240 million to date. Quantexa raises $64.7M Today, financial services companies still make up about 60% of the company’s business, Marria said, with seven of the top 10 U.K. and Australian banks and six of the top 14 financial institutions in NorthAmerica among its customers.
After spending 33 years with the largest property & casualty insurance carrier in NorthAmerica, I was ready for a new challenge that aligned with my personal values. During President Obamas call for corporate America to support returning service members from Iraq and Afghanistan, I felt personally compelled to act.
The gradual return of tourism and travel in the wake of the COVID-19 pandemic continues to see a wave of startups raising rounds of funding to meet new opportunities in the market. That vacuum, however, also led to some very interesting pivots and efforts to find business in completely new places. investments at Alibaba.
Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. The new round of funding brings its total raised to $5.8 Wholesale marketplace Abound raises $22.9M.
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