Unicorn Nest news
Niio announces $15M Series A following strategic partnership with Samsung Displays
– Niio, a digital art platform, raised $15m in Series A funding.
– The round was co-led by L Catterton, a joint venture between LVMH and Catterton, Entrée Capital and Pico Venture Partners.
– Additional investors also joined, including Saga VC, as well as leading artists, art collectors, museums, gallerists and trustees at institutions such as MOMA and Guggenheim as well as Shalom McKenzie, an online gambling entrepreneur and investor who also invests in NFTs.
– The company will use its capital to grow its artist community and scale its app-enabled subscription and purchase platform, which is blockchain–based and will include a trading-enabled marketplace for NFTs and other digital art assets.
Unicorn Nest news
Sendcloud Raises $177 Million in Series C Funding to Accelerate Growth of its All-In-One Shipping Platform
– Sendcloud announced it has closed a $177m Series C financing.
– The funding round was led by Softbank Vision Fund 2 with a significant strategic investment from L Catterton and participation from HPE Growth.
– Sendcloud helps online businesses fully optimize their shipping process while delivering a superior end-shopper experience.
Unicorn Nest news
Merit Closes $20M Series A Funding Round
– Merit is a Los Angeles, CA-based minimalist beauty brand.
– Company raised $20m in Series A funding.
– The round was led by the Growth Fund of L Catterton, with participation from Marcy Venture Partners and Sonoma Brands.
– The new investment will be used to expand the company’s color cosmetics collection and expand into new categories.
Unicorn Nest news
SellerX Raises €100M in Funding
– SellerX, a Berlin, Germany-based Amazon FBA aggregator of third-party e-commerce businesses, raised €100 ($118)m in funding.
– The round was led by the Growth Fund of L Catterton, with participants from Belgian investment company Sofina, as well as existing investors Cherry Ventures, Felix Capital, and 83North.
– The new investment will be used to expand operations and business reach.
Unicorn Nest news
Tech-driven Butternut Box eats its own dog food — raises $55.4M to scale up
– Butternut Box, a London-based fresh dog food business, raised $55.4m funding.
– The round was led by L Catterton and joined by White Star Capital, Five Seasons Ventures and Passion Capital.
– The company bills itself as a “human-grade, fresh dog food company” with a “personalized dietary offering” driven by its own tech platform.
Unicorn Nest news
Trading.TV Launches Out of Stealth with $6.1 Million in Seed Funding to Support Financial Creators
– Trading.TV, the world’s first social livestream and immersive chat platform for traders and financial content creators, announced the launch of its platform, closed beta and a $6.1M seed funding round led by L Catterton Growth, Activant, Navy Capital and Tribe Capital.
– Trading.TV also announced a $1M Creator Fund to support the first group of creators joining the platform.
– Trading.TV is the only dedicated platform for creators to develop and share financial content on everything from stocks to crypto to NFTs and rare sneakers. Eventually, Trading.TV will also serve as a commission-free trading platform where community members can turn information into action.
– There has never been such a large influx of new asset classes and new traders to the markets – and with that comes a massive need for both entertaining and educational financial content. Trading.
Unicorn Nest news
Eco Raises $60M in Funding
– Eco, a San Francisco, CA-based smart money company, raised $60M in funding.
– The round was co-led by Activant Capital and L Catterton with participation from existing investors, including a16z Crypto, as well as new backers Lightspeed Venture Partners, LionTree Partners, Valor Equity Partners, and dozens of others.
– The company intends to use the funds to accelerate its product roadmap to consolidate all financial tools into a single wallet.
Unicorn Nest news
Zenyum Receives $40M Series B Funding
– Zenyum, a Singapore based direct-to-consumer dental products brand, raised $40m in Series B funding.
– The round was led by L Catterton, which invested invested $25m, with participation from existing investors Sequoia Capital India, RTP Global, Partech, TNB Aura, Seeds Capital, and FEBE Ventures.
– In conjunction with the funding, Anjana Sasidharan, Head of Growth Investments for L Catterton Asia, will be joining Zenyum’s board.
– The company intends to use the funds to accelerate expansion across Asia, deepen its range of products, and further develop its technology stack.
Unicorn Nest news
Tonal Raises $250M in Funding at $1.6B Valuation
– Tonal, the most advanced strength and personal training platform, today announced $250m in new funding, valuing the business at $1.6b.
– This brings Tonal’s total funding to over $450m, as it continues to usher in a new era of intelligent fitness and further establishes itself as the clear leader in connected strength training.
– The oversubscribed Series E round is led by Dragoneer, a growth-oriented investment firm with a long track record of successfully identifying category and industry leaders, with participation by Cobalt Capital, new athlete investors, and existing investors including L Catterton and Sapphire Ventures.
– This capital will allow Tonal to further accelerate marketing and content initiatives, while scaling the business and operations by investing in people, logistics, and manufacturing, to more quickly meet its unprecedented demand.
Unicorn Nest news
Stock trading app Freetrade raises $69 million
– Freetrade, a U.K. stockbroker, raised $69m in Series B funding.
– The round was led by Left Lane Capital and joined by L Catterton and Draper Esprit.
– The company has reached a post-money valuation of $366m following today’s funding round.
– After signing up, Freetrade lets you buy and sell shares from the company’s mobile app.
– If you want to invest in companies with expensive shares, such as Alphabet (Google’s parent company), you can buy fractional shares.
– Instead of spending over $2,000 for a single share, you can buy one-tenth of a share for one-tenth of the price.
Unicorn Nest news
Savage X Fenty Tries On $115M Series B
– Savage X Fenty is a lingerie brand designed by pop music star Rihanna.
– The company announced it has closed a $115M Series B fundraising round, led by L Catterton.