– Cobo, a Singapore-based crypto asset management platform, raised $40m in Series B funding.
– The round was co-led by DST Global, A&T Capital and IMO Ventures.
– The company will use its proceeds for the development of DeFi as a service (DFaaS) infrastructure and its existing custody services such as wallet as a service (WaaS), trading and staking as a service (StaaS).
– The funding will also be used to apply for regulatory licenses to ensure strict compliance to the relevant anti-money laundering (AML) and counter the financing of terrorism (CFT) requirements.
– Amid the growing interest for cryptocurrencies among Asian investors, institutional investors and retail investors are seeking diversification options to hedge against inflation and other risks, the company said in its statement.

– CADDi, a B2B ordering and supply platform in the manufacturing and procurement industry, raised $73m in Series B funding.
– The round was led by Globis Capital Partners and World Innovation Lab (WiL), with participation from existing investors DCM and Global Brain.
– Six new investors also joined the round including Arena Holdings, DST Global, Minerva Growth Partners, Tybourne Capital Management, JAFCO Group and SBI Investment.
– The post-money valuation is estimated at $450m.
– The funding proceeds will be used for accelerating digital transformation of the platform, hiring and expanding to global markets.

– Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162m in a Series D round of funding with a valuation of $2.7bn.
– This round of funding was led by DST Global, with additional participation from Aspex Management, Reverent Partners and existing investors such as Goodwater Capital, Altos Ventures, SoftBank Ventures Asia, Kakao Ventures, Strong Ventures and Capstone Partners.
– The company plan to strengthen its capabilities in local commerce with Danggeun Pay, or Karrot Pay, which is set to launch this year.

– DoNotPay, a legal services app, received $10 million in funding from Andreessen Horowitz, Lux Capital, Tribe Capital, Day One Ventures and Felicis Ventures.
– Other investors included billionaire FTX CEO Sam Bankman-Fried, former Coinbase Chief Technology Officer Balaji Srinivasan and UiPath CEO Daniel Dines.
– Yuri Milner‘s investment firm, DST Global, participated as well.

– Chilean startup Xepelin, which has created a financial services platform for SMEs in Latin America, has secured $30m in equity and $200m in credit facilities.
– LatAm venture fund Kaszek Ventures led the equity portion of the financing, which also included participation from partners of DST Global and a slew of other firms and founders/angel investors.
– LatAm- and U.S.-based asset managers and hedge funds — including Chilean pension funds — provided the credit facilities.
– In total over its lifetime, Xepelin has raised over $36m in equity and $250m in asset-backed facilities.
– It currently has a portfolio of active loans for $120m and an asset-backed facility for more than $250m.

– Juni is a Gothenburg, Sweden-based financial companion for e-commerce entrepreneurs.
– The company raised $21.5m in Series A funding.
– The round was led by partners of DST Global, Felix Capital, Cherry Ventures and other early investors.
– The new investment will be used to focus on product development and recruiting.

– GoStudent is a Vienna, Austria-based edtech company.
– The company raised €205M in Series C funding.
– The round was led by new investor DST Global with participation from new investors SoftBank Vision Fund 2, Tencent, Dragoneer and existing investors Coatue, Left Lane Capital and DN Capital.
– The new investment will be used to further develop its presence in Europe, expand overseas, launching in Mexico and Canada this summer, and invest in branding, product development and first acquisitions.

– Splash Financial is a digital lending platform that allows borrowers to shop and compare financial products from a network of lenders.
– The company secured $44.3m in Series B funding.
– The round was led by DST Global and Citi Ventures, with participation from Detroit Venture Partners, Firebolt Ventures, and existing investors CMFG Ventures and Northwestern Mutual Future Ventures.
– The new investment will be used to further accelerate growth within its lender network and automated underwriting platform.

– Betterfly, the purpose-driven benefits platform, announced that it has raised $60m in Series B from partners of DST Global, QED investors, Valor Capital, Endeavor Catalyst and the SoftBank Latin America Fund.
– The $60m Series B represents Latin America’s largest insurtech fundraising round and comes just six months after Betterfly raised its $18m Series A.
– The round brings Betterfly’s total equity raised to $80m.
– Betterfly, founded in 2018 by Endeavor entrepreneur Eduardo della Maggiora, is reimagining both product and distribution in the global insurance market and has developed a unique embedded insurance B2B2C model that integrates wellbeing, insurance and social purpose with a mission to help people do better, live better, and be better.

– Wayflyer from Dublin develops a revenue-based financing and growth platform to eCommerce merchants.
– The company raised $76m in Series A funding.
– The round was led by Left Lane Capital, with participation from DST Global, QED Investors, Speedinvest and Zinal Growth, the family office of Guillaume Pousaz (founder of Checkout.com).
– The new investment will be used for marketing, product development and international expansion.

– SpotOn announced $125m in Series D funding, increasing its valuation to $1.875bn.
– The round was led by Andreessen Horowitz (a16z), one of the world’s leading technology and software investors, with continued participation from current investors, including DST Global, 01 Advisors, Dragoneer Investment Group, and Franklin Templeton, as well as new investor Mubadala Investment Company.
– SpotOn develops technology that integrates the core needs of SMBs into a seamless, reliable system that becomes the backbone of their operation, providing the ease of one integrated platform while saving thousands of dollars in payments and software fees to multiple vendors.

– Figure Technologies, Inc. (Figure™) announced it is closing a $200 million Series D funding round at a $3.2 billion valuation.
– The round was led by 10T Holdings and Morgan Creek Digital and joined by new and existing investors including DCM, Digital Currency Group, HCM Capital, Ribbit Capital, RPM Ventures, the partners at DST Global and others.
– The company also announced that Sachin Jaitly, General Partner at Morgan Creek, and Stan Mironshik, Partner and Co-Founder of 10T, will join the board.
– Figure is using Provenance, a public, open source, permissionless, decentralized blockchain, for its digital asset marketplaces including home lending, capital table management, fund management and administration, banking and payments.

– Commission-free trading app Stake raised $30m funding.
– The round was led by Tiger Global and partners of London-based DST Global.
– It brings the total funding to $40m.
– The company plans to expand into Europe.

– Manna, a Dublin, Ireland-based food delivery startup which uses drones, raised $25M in Series A funding.
– The round was led by Draper Esprit.
– Team Europe, DST Global and existing investors Dynamo Ventures, Atlantic Bridge and Elkstone also participated in the round.
– The company intends to use the funds to expand operations and its business reach, continue to scale its fleet of drones and to begin supporting critical medical deliveries.

– Super, a social commerce startup, raised $28m in Series B funding.
– The round was led by SoftBank Ventures Asia and joined by returning backers Amasia, Insignia Ventures Partners, Y Combinator Continuity Fund and Bain Capital co-chairman Stephen Pagliuca, while partners from DST Global and TNB Aura invested for the first time.
– The funding brings Super’s total raised so far to more than $36m.

– Deliverect, a restaurant food delivery management platform, raised $65m in funding.
– The round was led by DST and Redpoint Ventures, with OMERS, Newion, Smartfin and the founders also participating.
– It brings the total raised by Deliverect to $90m.
– The company processed some $1bn across 30 million orders for its customers in the last year.

– Gorillas, a Berlin-HQ’d startup that promises to let you order groceries and other “every day” items for delivery in as little as 10 minutes, has raised $290m in Series B funding.
– The round was led by Coatue Management, DST Global and Tencent, with participation from Green Oaks, Fifth Wall and Dragoneer. Previous backer Atlantic Food Labs also followed on.
– Gorillas CEO and co-founder Kağan Sümer tells TechCrunch the round is “100% equity” (i.e. without a debt component). Asked if it includes any secondary funding — seeing existing shareholders liquidate a portion of their shares — Gorillas declined to comment.

– Blockchain.com, a cryptocurrency company, raised $300m funding.
– The round was led by DST Global, Lightspeed Venture Partners and VY Capital.
– Existing investors also participated.
– Following today’s funding round, the company has reached a post-money valuation of $5.2 billion.

– Bitpanda, a “neobroker” that wants to make it easier for ordinary people to invest not just in bitcoin and other digital assets, but also gold, and any established stock that takes their interest, has picked up $170m funding.
– Bitpanda is based in Vienna, Austria and says that this equity round makes it the country’s first “unicorn” — the first startup to pass the $1 billion valuation mark.
– The round is being led by Valar Ventures — the fund backed by Peter Thiel — with participation also from DST Global (Yuri Milner’s fund).
– Bitpanda says that this equity round makes it the country’s first “unicorn” — the first startup to pass the $1 billion valuation mark.

– Weee! Raises $315M in Series D Led by DST Global with Participation from Blackstone, Arena Holdings, and Tiger Global
– Weee! is the leading ethnic e-grocer in the US.
– Weee! serves 14 key regions coast-to-coast and aims to expand to 30 cities across North America by 2024.
– Weee! currently offers an assortment of over 10,000 products spanning ethnic ingredients essential to Asian and Hispanic cuisines.

– BlockFi completed its series D fundraising round, which was led by new investors including Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global.
– The $350m round follows three prior rounds totaling $100m within the last two years.
– The company’s series D round values the company at $3b and will enable further innovation in the product suite, accelerate expansion into new markets, and provide capital for select acquisition opportunities.
– BlockFi has added multiple senior executives and announced a number of retail and institutional investor-focused products and initiatives, including: a Bitcoin Rewards Credit Card; the BlockFi Bitcoin Trust; an OTC trading desk; and Private Client Services in Asia.

– Zego, an insurtech that got its start by offering flexible motorbike insurance for gig economy workers but has since expanded with a range of tech-enabled commercial motor insurance products, has raised $150m.
– The funding round was led by DST Global and joined by General Catalyst, whose founder and MD, Joel Cutler, joins Zego’s board.
– Notable investors include Wise’s Taavet Hinrikus, who is also on the Zego board, and Target Global, Balderton Capital and Latitude.
– The insurance company says it will use the funding to “rapidly expand across Europe and beyond”.
– It will also double its workforce, which currently stands at 265 employees, to over 500 employees by the end of 2021, and continue to invest in technology.

– African payments company Flutterwave raised $170m in Series C funding.
– The round was led by Avenir Growth Capital and joined by U.S. hedge fund and investment firm Tiger Global, and new investors DST Global, Early Capital Berrywood, Green Visor Capital, Greycroft Capital, Insight Partners, Salesforce Ventures, Tiger Management, Worldpay FIS and 9yards Capital.
– The company has raised $225m in total.
– Flutterwave helps businesses build customizable payments applications through its APIs.