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QED Investors closes on $1.05B across two funds to invest in fintech companies globally

TechCrunch

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 United Kingdom, Latin America and Southeast Asia.

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Singapore-based digital business assistant Osome raises $3 million

TechCrunch

An extension of Osome’s seed round , the new funding was led by XA Network and AltaIR Capital. The startup currently has about 4,500 SME clients across Singapore, Hong Kong and the United Kingdom, founder and chief executive officer Victor Lysenko told TechCrunch. Osome’s digital business assistant.

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Electric utility bike startup Ubco raises $10 million to fund its global expansion

TechCrunch

Ubco, the New Zealand-based electric utility bike startup, has raised $10 million to fund a global expansion focused on the U.S. The company already works with Domino’s in New Zealand and the United Kingdom, as well as a range of other national clients, like the New Zealand Post, the Defense Force, the Department of Conservation and P?mu,

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Virgin Atlantic files for bankruptcy due to COVID-19

The Verge

Virgin Atlantic, which operates mostly in the United Kingdom, has administrative offices in Atlanta, Georgia and a team in New York as well. In particular, Virgin Atlantic is trying to renegotiate leases on most of its planes as well as loans it has taken in the past and can’t fully repay.

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Venture capital funding may have slowed, but VC firms have no problems raising new funds

TechCrunch

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.

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Magdrive secures seed funding for new propulsion system which could take us to the stars

TechCrunch

million seed round led by Founders Fund, an early investor in SpaceX, backed by Luminous Ventures, 7percent Ventures and Entrepreneur First. This could open up the industry to new space missions, such as a satellite (or X-wing fighter?) Magdrive has just closed a £1.4 Magdrive prototype render. Image: Magdrive .

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VU raises $12M to remove cybersecurity friction from digital experiences

TechCrunch

The Argentina-based fraud and identity protection company announced $12 million in Series B funding Monday from backers including software developer, Globant, as well as Agrega Partners, NXTP Ventures, Bridge One, the IDB Lab and Telefónica. As such, he intends to use the new funding to hire developers across Europe and in the U.S.

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