Unicorn Nest news
Software supply chain management company Cloudsmith raises $15M
– Cloudsmith has raised $15m in a series A funding round led by Tiger Global, with participation from Shasta, Amaranthine, Sorenson, Leadout Capital, Frontline, MMC, and Techstart.
– The infusion brings the company’s total raised to over $17m.
– Cloudsmith’s platform aims to solve this by helping organizations distribute software without the need for local datacenters and the costs associated with them.
– Cloudsmith can also automatically scan for security vulnerabilities, helping businesses avoid introducing exploits into their software supply chains.
Unicorn Nest news
Peak, a managed AI platform for enterprise, nabs $75M
– Peak, a U.K.-headquartered company offering AI-powered enterprise decision support software, announced that it closed a $75 million series C.
– The tranche, which was led by SoftBank Vision Fund 2 with participation from MMC Ventures, Oxx, Praetura Ventures, Arete, and Octopus Ventures, brings Peak’s total raised to date $119 million.
– The growth potential of AI has become increasingly clear as companies embrace automation and analytics.
– The global AI market value is expected to reach $267 billion by 2027, according to one source, and PricewaterhouseCoopers reports that 25% of companies have adopted AI compared with 18% in 2020.
Unicorn Nest news
Vira Health Raises £1.5M in Seed Funding
– Vira Health from London raised £1.5M in seed funding.
– The round was led by LocalGlobe, MMC Ventures, and angel investors including Megumi Ikeda, Managing Director, Hearst Ventures, Andrea Zitna of Elvie, former Spotify executive Sofia Bendz, founder of GoCardless Matt Robinson, and Simon Lambert, former CTO, MOO.com, and Treatwell.
– The company intends to use the funds to invest further in product development and to expand the team.
Unicorn Nest news
YuLife Raises $70M in Series B Funding
– YuLife is a tech-driven company that transforms traditional group life insurance into a suite of wellbeing and insurance products, creating a shift in the industry towards a model that simultaneously supports members, insurers and employers.
– The company raised $70m in Series B funding.
– The round was led by Target Global with participation from Eurazeo and Latitude, Creandum, Notion Capital, Anthemis, MMC Ventures, and OurCrowd.
– The new investment will be used to develop new products, expand its UK market penetration, and broaden its reach into the markets.
Unicorn Nest news
Lookiero Closes $30M in Series C Funding
– Lookiero from Bilbao, Spain provides a personal shopping service.
– The company raised $30M in Series C funding.
– The round was led by Perwyn with participation from MMC Ventures, All Iron Ventures and Bonsai Partners.
– The new investment will be used to accelerate growth, expand operations and its business reach.
Unicorn Nest news
Fintech startup TreasurySpring raises $10M for platform giving online access to fixed-term funds
– TreasurySpring, a fintech startup, raised $10m in Series A funding.
– The round was co-led by MMC Ventures and Anthemis Group.
– Existing investors, including ETFS Capital, participated.
– The company plans to use the funding to expand its platform.
Unicorn Nest news
Qumata Closes $10M Series A Funding
– Qumata (fka HealthyHealth Group), a London, UK-based life and health insurance underwriting tech company, closed a $10m Series A financing.
– The round was led by MMC Ventures with participation from AdirVentures and a number of other family offices, as well as existing investors including TMT Investments PLC.
– The company intends to use the funds to accelerate global expansion of the current offering, after launching the product commercially with multiple large, listed insurers in Europe, Asia Pacific, the UK and North America.
Unicorn Nest news
Agile Analog Closes US$19M Funding Round
– Agile Analog is a UK-based supplier of configurable process node agnostic analog IP building blocks.
– The company closed a US$19m funding round.
– The round was led by Omers Ventures with participation from existing investors Delin Ventures, firstminute capital, and MMC Ventures.
– The new investment will be used to accelerate the growth of its commercial and engineering support teams, to open a Taiwan office for sales and application engineering staff serving the Asian market, to further enhance process support, and to increase the range of analog IP supported.
Unicorn Nest news
StorageOS Raises $10M in Series B Funding
– StorageOS from London develops a cloud native storage management platform to strengthen the cloud native storage industry.
– Series B $10m round brings company valuation to more than $50m.
– The round was led by Downing Ventures with participation from Bain Capital Ventures, Uncorrelated Ventures and MMC Ventures and new investor Chestnut Street Ventures.
– The new investment will be aimed at scaling the company’s sales and customer facing technology teams.
Unicorn Nest news
Ubamarket Raises £2.9M in Growth Equity Funding
– Ubamarket, a London, UK-based provider of a ‘Scan Pay Go’ retail tech app, raised £2.9m in equity funding.
– The company intends to use the funds to expand its business reach into new industries such as hospitality.
– The new investment was led by IW Capital and includes existing investor, MMC Ventures.