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Africa Apps Business Development Financial Services FinTech Insurance Mobile

MFS Africa leads $2.3M seed round in Ugandan fintech startup Numida

– Ugandan fintech startup Numida is announcing the close of its $2.3m seed round.
– The round was led by Africa-based VC firm Savannah Fund, and joined by other investors including 500 Startups, and angel investors including Y Combinator’s Adora Cheung, and others.
– Numida is tackling the challenge of financial inclusion in East Africa.
– The company offers a digital platform that enables semi-formal micro and small businesses to access credit.

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North America Telecommunications

GiGstreem Receives $50M from Crestline Investors

– GiGstreem is a NYC-based in-building gigabit internet service provider.
– The company received $50m investment from Crestline Investors, Inc.
– The deal will support GiGstreem’s continued growth strategy in deploying its Ubiquitous WiFi platform to multifamily properties across major cities throughout the U.S.

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Analytics Electronics North America Sensor Test and Measurement

Density Lands Additional $25M

– Density, the leader in business intelligence for the built environment, announced today that it added $25 million from existing investors, bringing the total capital raised to over $100 million.
– New capital will be used to accelerate growth and scale initiatives at the company.
– At the same time, the company announced the release of a new addition to its growing software suite, called Portfolio.

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Europe Medical Device

Imageens Raises €1.2M in Seed Financing

– Imageens, a Paris, France-based medical Artificial Intelligence (AI) startup developing software solutions for the analysis of medical images, raised €1.2M in seed financing.
– The round was led by Anaxago, with participation from BADGE (Business Angels des Grandes Ecoles), COALESCENCE, and existing investors.

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Asia Collaboration Developer Tools Mobile Mobile Apps

Nota Raises $5M in Series B Funding

– Nota, Inc. from Kyoto, Japan develops self-service support application Helpfeel, an instant FAQ B2B SaaS that enables high rates of self-service by customers and reduces support costs.
– The company raised $5M in Series B funding.
– The round was led by One Capital with participation from Salesforce Ventures, Hakuhodo DY Ventures, and Persol Process & Technology.

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Analytics Asia Computer Vision E-Commerce Image Recognition Information Services Information Technology Real Time Retail Technology SaaS

Trax Secures $640 Million Funding Round Led by SoftBank Vision Fund 2 and BlackRock to Transform Retail Through Digital Technologies

– Trax secured $640m in a Series E financing round.
– The round was led by Softbank Vision Fund 2 and technology-focused funds managed by existing investor BlackRock, Inc.
– New investors include OMERS, one of Canada’s largest defined benefit pension plans, and Sony Innovation Fund by IGV.
– Trax’s cloud platform is accelerating the digital transformation of consumer packaged goods (CPG) companies and grocery retailers by providing granular visibility of rapidly changing store conditions.
– Trax solutions enable users to make timely, data-driven decisions and implement immediate corrective actions.
– As a result, brands and retailers are accelerating growth, reducing costs, and driving awareness and purchase intent.
– Trax empowers its customers to provide the best shopping experiences imaginable.

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Marketing North America Ticketing Travel

Bandwango raises $3.1M to power tourism- and experience-focused deals

– Bandwango, a startup that helps tourism bureaus sell deals, has raised $3.1m in funding.
– The funding was led by Next Frontier Capital and joined by Kickstart, Signal Peak Ventures, SaaS Ventures and Ocean Azul Partners.
– The company has built a platform called the Destination Experience Engine which is designed for “connecting businesses with communities.”
– The startup is currently focused on providing a white-label solution to its customers (rather than building a consumer deal destination of its own).

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Computer Software North America

Next-Generation Social Platform Itsme Announces $15.175MM Series A Funding Led By Alexis Ohanian’s Seven Seven Six

– Next-generation social platform Itsme announced $15.175MM in Series A funding.
– The round was led by Alexis Ohanian’s Seven Seven Six with participation from Third Kind Ventures, Allen & Company, Scott Belsky and Adam Silverschotz.
– Itsme is centered on the creation of high fidelity, technologically advanced Avatars through which users meet, interact and grow friendships online with people all over the world.
– The app’s Avatar premise was created to make online conversations more expressive, comfortable and not dictated by physical appearance.
– Itsme originally launched in March 2020 and to date more than 4 million people have created Avatars and made lasting connections.

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Children Education North America Therapeutics

Revibe Technologies, Maker of a Wearable Device Being Developed for ADHD and Autism, Secures Over $3 Million in Funding, Appoints CEO as Company Enters New Growth Phase

– Revibe has raised over $3m from Carolina Angel Network and other investors.
– Revibe is the maker of a wearable device being developed for ADHD and Autism.
– The device is the Revibe Connect smartwatch.
– The smartwatch uses an algorithm controlled by artificial intelligence to send vibration signals to the wearer reminding them to stay focused and achieve their best work independently.
– Revibe has been adopted by multiple school systems across the United States, including New York City, Denver, and Wake County, NC.

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Collaboration Developer Tools Enterprise Software North America SaaS Software

Tasktop Raises $100M in Funding

– Tasktop is a Vancouver, BC-based value stream management (VSM) platform provider.
– Tasktop received $100m strategic investment from Sumeru Equity Partners.
– The company intends to use the funds to accelerate growth and expand market leadership.
– Mik Kersten, Founder and CEO, remains at the helm of the company.

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