Unicorn Nest news
Ultrahuman Raises $17.5M in Series B Funding
– Ultrahuman, a Bengaluru, India-based healthtech wearable glucose tracker, raised $17.5m in Series B funding.
– The round was led by Alpha Wave Incubation (AWI), Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani’s iSeed fund, as well as Tiger Global’s Scott Schleifer, Sandeep Singhal, Kunal Shah, Sujeet Kumar, Deepinder Goyal, Gunjan Patidar, Gaurav Munjal, Revant Bhate, Mohit Gupta, Vikram Dhingra and Roman Saini.
– The company intends to use the funds for geographical expansion and improvement of its biomarker technology.
Unicorn Nest news
Amazon backs Indian wealth management service Smallcase in $40 million funding
– Amazon backed Bangalore-based startup Smallcase in a $40m Series C financing round.
– The round was led by Faering Capital and Premji Invest.
– Existing investors Sequoia Capital, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures and HDFC Bank also participated in the new round.
– Smallcase offers a platform to help introduce a new generation of investors to the Indian equity markets.
– The startup offers an in-house team of licensed professionals who offer more than 100 portfolios of stocks and exchange-traded funds, as well as provides its users access to independent investment managers, brokerages and wealth platforms.
– Smallcase has amassed over 3 million users, who are transacting about $2.5 billion each year.
Unicorn Nest news
Rocketium raises $3.2M to help creative teams create massive marketing campaigns
– Rocketium, a visual content platform, raised $3.2m in funding.
– The round was led by Emergent Ventures.
– Rocketium is currently invite-only and it plans to open self-service usage and purchases in 2022.
Unicorn Nest news
Freightify lands $2.5M to make rate management easier for freight forwarders
– Freight forwarder Freightify raised $2.5m in pre-Series A funding.
– The round was led by Nordic Eye Venture Capital, with participation from Tradeworks VC, Venture Catalysts, 9Unicorns and Blume Funders Fund.
– The company plans to use the funding to expand into the United States and Europe.
Unicorn Nest news
Indian beauty e-commerce Purplle raises $45 million
– Purplle, an e-commerce platform for beauty products in India, raised $45m funding.
– The round was led by Sequoia Capital India and joined by existing investors Verlinvest, Blume Ventures and JSW Ventures.
– The new round values the Indian startup at about $300m, up from $150m in its 2019 Series C round.
– The startup has raised $95m to date.
Unicorn Nest news
Pixxel To Launch the World’s Highest Resolution Hyperspectral Smallsat Constellation
– Pixxel closed a $7.3M seed round with new capital from Omnivore VC, Techstars, and others, who are joining alongside Lightspeed Ventures, Blume, growX, Ryan Johnson, former President at Planet Labs, and additional industry leaders.
– The company’s first hyperspectral satellite will launch within the next few months.
– Compared to the common multispectral satellites prevalent today, Pixxel’s hyperspectral earth-imaging satellites are able to beam down 50x more information by capturing light reflected in far more detail and using narrower bands beyond just red, green and blue.
– This technology allows Pixxel to capture exact chemical signatures and offers more accurate solutions to previously unsolvable issues in industries such as agriculture, energy and environmental conservation.