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We are totally confident in achieving the goals that will allow us to enter a new level of global ambition”. Portugal’s Faber reaches $24.3M Our platform will be a key facilitator for businesses to recover at a faster pace. for its second fund aimed at data-driven startups from Iberia.
Macrometa , the edge computing cloud and global data network for app developers, announced today it has raised a $20 million Series A. It will hire for its engineering and product development centers in the United States, Eastern Europe and India, and add new centers in Ukraine, Portugal, Greece, Mexico and Argentina.
Tiger Global is leading this round, with new backers Baleen Capital and Woodson Capital also participating, alongside Fasanara Capital and Ithaca Investments, which had backed Scalapay in its previous $48 million round earlier this year. We are excited to support Scalapay in the next phase of its growth.”
It is currently powering services for “tens of millions” of cardholders and “hundreds of thousands” of merchants globally. The raise is another example of how infrastructure companies in the fintech world continue to be resilient despite an apparent slowdown in global funding overall. The company did not disclose its valuation.
Perhaps it’s another sign of a consolidation phase taking hold in the sector, after a Pre-Cambrian explosion of SaaS startups over the last decade? Stripe has said it is planning more global expansion that could include additional deals like this, so more cities around the world could be getting their moments this way.
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