Unicorn Nest news
Zola Electric closes $90M funding round to scale technology and enter new markets
– Zola Electric, a solar energy provider, raised $90m in funding.
– The funding raised is a combination of debt and equity, $45 million each.
– The equity bit was led by TotalEnergies Ventures — the capital venture of TotalEnergies; SF-based impact VC firm DBL Partners; Africa’s largest PE firm Helios Investment Partners; Vulcan Capital, the investment arm of Paul Allen; Lyndon and Pete Rive (founders of Tesla-owned SolarCity); and New York-based utility-focused hedge fund Electron Capital Partners.
– The company plans to use the funding to expand into new markets and drive distributed renewable energy.
Unicorn Nest news
Insight Partners leads $60M growth round in cross-border payments startup Thunes
– Singapore-based fintech Thunes raised $60m funding.
– The round was led by Insight Partners and joined by existing investors Helios Investment Partners, GGV Capital, and Checkout.com.
– The company plans to use the funding to expand its operations in new markets.