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Facetune maker Lightricks raises $130 million ahead of M&A plans
Facetune maker Lightricks raises $130 million ahead of M&A plans
UN

Unicorn Nest news

Facetune maker Lightricks raises $130 million ahead of M&A plans

– Lightricks, an Israeli mobile photo and video editing company, raised $130m funding.
– The round was led by Insight Partners and Hanaco Venture Capital and includes new investors Migdal Insurance, Altshuler Shaham and Shavit Capital.
– Existing investors Goldman Sachs Asset Management, Claltech, Harel Insurance and Finance, and Greycroft also participated.
– The company has raised $335m to date.
– It has been best known for its photo-editing app Facetune.

Source
Adaptive Communications Platform Hyro Raises $10.5 Million
Adaptive Communications Platform Hyro Raises $10.5 Million
UN

Unicorn Nest news

Adaptive Communications Platform Hyro Raises $10.5 Million

– Hyro is a conversational AI company.
– The company raised $10.5m in Series A funding.
Spero Ventures led the round and was joined by Twilio and Mindset Ventures, and existing investors Hanaco Ventures, Spider Capital, and Entrepreneurs Roundtable Accelerator.
– The company plans to use the funding to hire top talent across all departments as it continues to build out its Adaptive Communications Platform to enhance its customers’ web, mobile and call center solutions while also expanding its presence across key industries where it is already experiencing strong traction.

Source
Amount raises $99M at a $1B+ valuation to help banks better compete with fintechs
Amount raises $99M at a $1B+ valuation to help banks better compete with fintechs
UN

Unicorn Nest news

Amount raises $99M at a $1B+ valuation to help banks better compete with fintechs

– Amount, a company that provides technology to banks and financial institutions, has raised $99m in a Series D funding round at a valuation of just over $1b.
WestCap, a growth equity firm founded by ex-Airbnb and Blackstone CFO Laurence Tosi, led the round. Hanaco Ventures, Goldman Sachs, Invus Opportunities and Barclays Principal Investments also participated.
– The investment comes just over five months after Amount raised $86m in a Series C round at a valuation of $686m. (The original raise was $81m, but Barclays Principal Investments invested $5m as part of a second close of the Series C round). And that round came just three months after the Chicago-based startup quietly raised $58m in a Series B round in March.

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