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NTWRK Secures $50M
NTWRK Secures $50M
UN

Unicorn Nest news

E-Commerce E-Commerce Platforms Internet Media and Entertainment North America Shopping Video Video Streaming

NTWRK Secures $50M

– Ntwrk, a livestream shopping platform that broadcasts 24/7 from a New York City storefront, has raised $50m.
– The round was led by the Goldman Sachs Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), and global luxury group Kering.
LionTree Partners and Tenere Capital also participated.

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Internet North America

MetroSpeedy Closes $5M Seed Funding

– MetroSpeedy is a NYC-based last mile delivery startup.
– Company raised $5M in seed funding.
– The round was led by AddVenture Fund with participation from TMT Investments, TA Ventures, Joint Journey, Fores Investments and Vershina Capital.
– The investment will be used to further develop the company’s technological advancement, additional fulfillment hubs, expansion into new markets, and talent acquisition.

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E-Commerce E-Commerce Platforms Internet Retail Technology South Asia Video Chat Video Streaming

Swirl Raises $250K in Pre Seed Funding

– Swirl is a Vadodara, India-based Live Commerce SaaS platform.
– The company raised USD250k in pre-seed funding.
– Investors included Asheesh Khaneja – Ex WW Executive IBM, Siddarth Razdan – Founder Indianivesh FirstBridge Fund, Vineet Sharma – VP Brandscope (Dentsu), Nirmal Shah – Prism Advisory, Gaurav Agarwal – Freedom Financial Network, and others.
– The company intends to use the funds to grow in India, and optimize its platform.

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Advertising Auctions Australia and Oceania E-Commerce Internet Marketing Marketplace

Flippa Raises $11M in Series A Funding

– Flippa is an Austin, Texas-based global online marketplace to buy and sell online businesses and digital assets.
– The company raised $11m in Series A funding.
– The round was led by OneVentures through its 1V Growth Fund V, with participation from: Andrew Walsh (ex-CEO Hitwise, acquired by Experian); Mark Harbottle and Matt Mickiewicz – Co-founders of Flippa, as well as 99designs; Gabby & Hezi Leibovich (Founders of Catch.com.au); Guy King and Bevan Clarke (Founders of RetailMeNot.com); Tim O’Neill and Tim Fouhy (Founders of Reactive Media).
– The company plans to use the proceeds of its Series A round to double its headcount to more than 100 employees, hiring globally including in Melbourne, San Francisco, Austin, and also remotely, across all departments including engineering, product, sales, marketing and more, and expand its platform product functionality, including scaling its proprietary business valuation tool.

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Eastern Asia Enterprise Internet Mobile

New Core Tech Raises USD 35M in Series C Funding

– New Core Tech is a Shanghai, China-based manufacturing company.
– The company raised USD 35M in Series C funding.
– The round was led by XiaoMi, Shunwei Capital with participation from Northern Light Venture Capital and Cowin Capital.
– The new investment will be used to partnership and channel expansion and talent acquisition.

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Communities Information Services Internet North America

The ORG Raises $20M in Series B Funding

– The Org is a New York-based network startup.
– Company raised $20m in Series B funding.
– The round was led by Tiger Global with participation from Sequoia, Founders Fund, Balderton Capital, Thursday Ventures, Lars Fjeldsoe-Nielsen, Neeraj Arora, Gavin Baker.
– The new investment will be used to double the team focusing on product, distribution and monetization and expand their offices and move beyond New York and Copenhagen.

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Australia and Oceania Internet

zkTube Raises $15M in Funding

– zkTube Labs is a Melbourne, Australia-based Ethereum Cross-Rollup Layer 2 protocol.
– The company raised $15m in Series A funding.
– The round was led by the Singapore DASH Foundation with participation from Canada OneUni Capital, Amplio Capital (Bitmart), Chainfir Capital, YFund, July Capital and other institutions.
– The funds will be used for the comprehensive operation of the Mainnet including Mainnet mining, PayTube Wallet, and the Layer 2 ecosystem construction.

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Financial Services FinTech Internet North America Personal Finance

Self Financial Raises $50M in Series E Funding

– Self Financial from Austin, TX, enables consumers to build credit and savings.
– The company raised $50m in Series E funding.
– The round was led by Altos Ventures with participation from Meritech Capital and Conductive Ventures.
– The new investment will be aimed at further scaling the business to make building credit accessible for Americans.

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Artificial Intelligence Computer Internet Machine Learning North America SaaS Software

Constructor finds $55M for tech that powers search and discovery for e-commerce businesses

– Constructor, a company that powers search and product discovery tools for e-commerce businesses, raised $55m in Series A funding.
– The round was led by Silversmith Capital Partners and joined by a long list of notable individual investors.
– The company says that it powers “billions” of queries every month, with revenues growing 233% in the last year.
– Constructor is led by CEO and co-founder David Sacks, who previously co-founded Yammer and Geni.

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Information Technology Internet North America SaaS Security

SaaS data backup and recovery platform Rewind raises $65M

– Rewind, a data backup and recovery platform for software-as-a-service (SaaS) applications, has raised $65 million in a series B round of funding.
– The company is now valued at well over $1bn.
– Rewind historically offered data backup services for businesses running Shopify, BigCommerce, and Intuit QuickBooks, but earlier this year the company acquired BackHub to extend its support to GitHub and later added support for Trello.
– Gartner forecasts global “public cloud end-user spending” to grow 18% in 2021, of which SaaS remains the largest segment — it’s estimated to hit $117.7 billion this year, up from $101 billion in 2020.

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E-Commerce Internet Mineral Mining Precious Metals Western Europe

Open Mineral Raises $33M in Series C Funding

– Open Mineral develops a blockchain-based platform for the supply chain of raw materials.
– Series C round $33m brings company valuation to $120m.
– The round was led by Mubadala Investment Company with participation from existing investors Xploration Capital and Emerald Technology Ventures and new investors Statkraft and Lingfeng Capital.
– The new investment will be aimed at accelerating its growth, solidifying its physical supply chain merchant activities, and advancing its position in digitizing metal raw material trading.

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Image Recognition Internet Mobile Apps North America

Truepic, which just raised $26M in a Microsoft-led round, aims to verify the authenticity of photos and videos

– Truepic, a digital image verification software provider, has raised $26m in a Series B funding round.
– The round was led by M12, Microsoft’s venture fund, and joined by Adobe, Sony Innovation Fund, Hearst Ventures and individuals from Stone Point Capital.
– The company has raised $36m since its 2015 inception.

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Analytics Artificial Intelligence Consumer Software Energy GovTech Information Technology Internet Machine Learning North America Renewable Energy Software

Bidgely Secures $26M in Financing to Accelerate Utilities’ Leading Role in the Clean Energy Future

– Bidgely announced the closing of a $26m round of strategic financing to bolster its utility electrification and decarbonization innovations deployed around the world.
– Led by Moore Strategic Ventures, the round is joined by Accurant International, an investment venture of Bahman Hoveida, co-founder and ex-CEO of Open Systems International.
– The oversubscribed round also included existing investors, such as Future Energy Ventures, Georgian and Constellation Technology Ventures.
– Bidgely, a pioneer of disaggregation, holds 17 patents for its technology, including EV disaggregation techniques.

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FinTech Information Technology Internet North America Software

Paperstack Secures Undisclosed Funding

– Paperstack is a FinTech company based in Toronto, Canada.
– The company raised an undisclosed amount in funding.
– Backers included prominent Canadian angel investors, repeat entrepreneurs, executives and employees from Canada’s technology unicorns, as well as CPA accountants and corporate lawyers.
– The new investment will be used to continue to expand operations and its development efforts to develop and take the product to the market.

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Finance Financial Services Internet North America

Rocket Dollar Raises $8M in Series A Funding

– Rocket Dollar is a self-directed retirement platform based in Austin, Texas.
– Company raised $8m in Series A funding.
– The round was led by Park West Asset Management with participation from Hyphen Capital, Moneta Venture Capital, Kraken Ventures, and Primetime Partners, and existing investor Sure Ventures.
– The new investment will be used to accelerate product development, enhance customer experience, double down on cybersecurity, and expand investment education and content.

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Cyber Security Internet North America Security Software

Open source security scanning platform Snyk raises $300M

– Snyk, a security scanning platform used by developers at companies like Google, Salesforce, Intuit, and Atlassian, announced a $530 million series F investment round that values the company at $8.5 billion.
– The transaction included primary and secondary investments, meaning Snyk only raised around $300 million in fresh capital, with investors buying existing shares for the rest.
– Snyk’s SaaS platform helps developers identify vulnerabilities and license violations in their open source codebases, containers, and Kubernetes applications.
– By connecting their code repository, be it GitHub, GitLab, or Bitbucket, Snyk customers gain access to a giant vulnerability database, which enables Snyk to describe the problem, point to where the flaw in the code lies, and even suggest a fix.

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E-Commerce Information Technology Internet Mobile Payments Retail Western Europe

Scalapay Raises $155M Series A at a $700M valuation led by Tiger Global to Provide BNPL Globally

– Scalapay, a leading payment solution in Southern Europe that enables customers to buy now and pay later (BNPL) without interest, today announced that it has raised $155M in equity funding as part of their Series A investment round.
– The round was led by Tiger Global, with participation from Baleen Capital and Woodson Capital.
– The new investors join existing investors Fasanara Capital and Ithaca Investments.
– The new funding will go towards Scalapay’s growing team and operations.

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Advertising Internet Marketing North America

Marpipe Raises $8M Series A to Build the Operating System for Creative Testing

– Marpipe announced its completion of an $8m Series A funding round.
– The raise was led by Stage 2 Capital with participation from ValueStream Ventures, Commerce Ventures, Ripple Ventures, and Samsung NEXT.
Laconia Capital Group, Math Capital, and TIA Ventures were among those entities that deepened their existing investments into the future of data-driven creative.
– Marpipe secured all major allocations into the Series A within four weeks.
– Key investors include Mark Roberge, former CRO of Hubspot, currently Partner at Stage 2 Capital; Greg Coleman, former President of HuffPost, BuzzFeed, and Criteo; Ari Paparo, Founder & CEO of Beeswax and Head of Partnerships & Strategy at FreeWheel; Brendan Gahan, Chief Social Officer at Mekanism; and Eric Franchi, Founder of Undertone.

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Apps Health Care Health Diagnostics Internet Mobile Apps North America Personal Health

Solv Raises $45M in Series C Funding

– Solv is a San Francisco CA-based network of same-day and next-day healthcare providers.
– The company raised $45M in Series C funding.
– The round was led by Acrew Capital and Corner Ventures with participation from Greylock Partners and Benchmark Capital.
– The new funding will be used to expand the company’s national network of healthcare providers, consumer driven healthcare offerings like same-day in person appointments and virtual care, and increased cost transparency for patients.

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Artificial Intelligence Call Center Customer Service Internet Internet of Things Machine Learning Natural Language Processing SaaS Software South Asia Speech Recognition

Skit raises $23M Series B round to accelerate its growth

– Bengaluru-based artificial intelligence SaaS voice automation company Skit, formerly known as Vernacular.ai, developed its AI-based voice automation platform VIVA, short for Vernacular Intelligent Voice Assistant, which enables corporations to automate 90% of their call center operations powered by Natural Language Understanding (NLU) technology. VIVA covers more than 16 languages and 160 dialects.
– The company announced it has closed a $23 million Series B round to accelerate its growth in domestic and global markets, including the U.S. and Southeast Asia and enhance its voice automation platform.

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Developer Tools Information Technology Internet North America Product Design Software Web Design

Anima, a no-code tool that turns designs into code, raises $10 million Series A

– Anima, a YC-backed platform that turns designs into code, has raised $10m in Series A funding.
– The round was led by MizMaa Ventures with participation from INcapital and Hetz Ventures.
– The company plans to use the funding to triple the size of the team and build integrations with platforms like Figma, Sketch, etc. and GitHub so that Anima itself can effectively get out of the way, allowing designers and developers to hand off these elements in the platforms where they already live.

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Internet Mobile App North America Podcasting Streaming

Callin, David Sacks’ ‘social podcasting’ app, launches and announces a $12M Series A round

– Callin, a social audio app, raised $12m in Series A funding.
– The round was led by Sequoia and joined by Goldcrest and Craft Ventures.
– The company plans to launch on Android in the coming months.

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Information Technology Internet Software Western Europe

Danish startup Responsibly raises $2M to benchmark supply chains on climate, diversity

– Danish startup Responsibly raised $2m pre-seed investment round.
– The round was led by Flash Ventures and joined by Pirate Impact (the family office of Fabian & Ferry Heilemann) and Michael Wax, founder and CEO of Planetly Benedikt Franke.
– The startup will soft-launch the first version of its platform, which will look at the supplier data of more than 10,000 suppliers for pilot customers.

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Blockchain FinTech Internet Marketplace North America

Skeps announces $9.5 million Series A Funding, led by Bertelsmann India Investments

– Skeps, a global Point-Of-Sale (POS) financial technology company announced the close of Series A funding of $9.5 million, led by Bertelsmann India Investments.
– Existing investor Accel also participated in this round.
– The company intends to use the funds to expand the sales, marketing, engineering, and product teams, grow their merchant and lender client base, and broaden services offered to their customers.
– Skeps’ platform provides a suite of technology solutions for both merchants and lenders. Merchants can offer financing options ranging from Pay-in-4 to longer-term loans with one simple integration. Banks can use Skeps as their answer to branded BNPL platforms or grow their unsecured lending portfolio.

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E-Commerce Internet Marketplace Western Europe

UK-based Heroes raises $200M to buy up more Amazon merchants for its roll-up play

– Heroes, a marketplace seller consolidation startup, raised $200m funding.
– The funding was provided by Crayhill Capital Management, a fund based out of New York.
– The funding will be used to make acquisitions.
– The company is targeting companies that are leveraging Amazon’s FBA and marketplace.
– Heroes is the first roll-up player to come out of the U.K.

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Apps Developer Platform Information Technology Internet North America PaaS SaaS Software

Rafay Systems Raises $25M in Series B Funding

– Rafay Systems from Sunnyvale develops a platform for Kubernetes Operations.
– Series B funding $25m brings company valuation to more than $100m.
– The round was led by ForgePoint Capital with participation from existing investors Ridge Ventures, Costanoa Ventures and Moment Ventures.
– The new investment will be aimed at hiring engineers and growing sales, marketing and customer success teams.

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Collaboration Enterprise Software Internet North America Productivity Tools SaaS

Hive Raises $10M in Funding

– Hive is a NYC-based productivity software platform.
– The company raised $10m in funding.
– The round was led by Rembrandt Venture Partners with participation from Zoom Video Communications, Inc.’s Zoom Apps Fund and existing investors Tribeca Venture Partners and Angelpad.
– The new investment will be used to build the software platform, where all product decisions are made democratically by users.

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E-Commerce Internet Latin America Pet

Brazil’s Petlove raises $150M from Riverwood, SoftBank to sell pet products and services online

– Petlove&Co, a São Paulo-based digital platform for products and services for the pet market, announced that it has raised about $150 million (R$750 million) in a funding round led by Riverwood Capital.
– The round is nearly double that of what Petlove has raised in its history.
– The company started its life as PetSuperMarket when it was founded in 1999 in the early days of the internet.
– The company continues to operate an online store offering a wide range of pet products and services.

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Internet North America Social Commerce

Flip bags $28M to turn beauty, wellness social commerce on its head

– Social commerce startup Flip closed on a $28m Series A led by Streamlined Ventures.
– The round was joined by Mubadala Capital Ventures, BDMI and a group of early backers and angel investors.
– The company plans to use the new funding to scale the company and its creator ecosystem, while also expanding the end-to-end logistics part of the platform.

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Internet North America

Solo Announces Seed Fundraising of $5.3M to Empower App-Based Gig Workers With Performance Data to Achieve Their Own Financial Goals

– Solo is an innovative platform for app-based gig workers, announced that it has raised $5.3 million in a seed round.
– The funding, led by Slow Ventures, will be used to fuel its ongoing development and go-to-market efforts.
– Solo tracks data across multiple gig platforms, including Uber, Doordash and Instacart, to provide city-level pay and performance benchmarks, including hour-by-hour earnings predictions that Solo guarantees, making up the difference if pay is less.
– Solo’s mission is to help workers optimize their time and maximize their income by leveraging community insights to power earnings predictions and dynamic income guarantees.
– Solo is bringing transparency to the gig economy and giving workers the information and power to earn more.

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E-Commerce Internet Internet of Things Mobile Payments Payments Small and Medium Businesses Western Europe

elopage Raises USD38M in Series A Funding

– elopage is a Berlin, Germany-based SaaS platform and payment provider for digital entrepreneurs, creators, SMEs and enterprise businesses.
– The company closed a USD 38m (EUR 32m) initial funding round.
– The round was led by Target Global, Partech Ventures and Avid Ventures.
– The new investment will be used to grow its team from 70 to 190 by the end of the year, expand across Europe, and invest further in its proprietary end-to-end platform.

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B2B E-Commerce Internet North Africa and the Middle East

MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

– MaxAB, the Egyptian B2B e-commerce platform, raised $15m in Series A extension.
– The round was led by existing investors RMBV, IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, Endeavour Catalyst, Beco Capital and 4DX Ventures.
– The company plans to launch new product offerings and grow its team.
– It also acquired WaystoCap, a Moroccan B2B e-commerce and distribution platform.

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E-Commerce Internet North America Retail Software

Jane Technologies Raises $100M in Series C Funding

– Jane Technologies, Inc. closed a $100m Series C round of funding.
– The round was led by Honor Ventures with participation from Third Point Ventures, Gotham Green Partners, L2 Ventures, Delta Emerald Ventures and Artemis Growth Partners.
– The company intends to use the funds to expand its digital presence, grow its team across multiple areas of operations, further enhance existing software solutions and introduce new technologies.

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Event Management Internet Natural Language Processing North America SaaS Software

Channels Inc. Announces $520,000 Seed Round

– Channels is announcing a seed round of $520k led by Sahra Growth Capital, to bring their total funding to $571.8k.
– Started by Siddharth Kaul, Elan Rosen, and Ibrahim Mohammed, Channels helps organizations navigate through physical work, starting in the event space.
– Jamal Al-Barrak, the Managing Partner of Sahra Growth Capital, has high hopes for Channels, already citing successful clients such as Marriott Hotels and Holiday Inn: “Channels has a bright future to disrupt the event space and eventually transition into sectors such as retail. They are pioneering the mobile-friendly approach to physical communication with big players already taking note.”

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Internet North America

DataMilk Raises $1.7M in Pre-Seed Funding

– DataMilk is a US-based artificial intelligence (AI) tool which autonomously optimizes E-Commerce websites to improve the customer experience and drive increased sales.
– The company raised $1.7m in seed funding.
– The round was led by big_bets, RTP Global, and Angel Invest, with participation from Matthew Freud and the founders of digital commerce platform VTEX.
– The new investment will be used to expand its product offering across the globe as it takes on more employees to drive forward product development.

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Car Sharing Internet Mobile Apps Ride Sharing Sharing Economy Sub-Saharan Africa Transportation Travel

Mobility startup Plentywaka picks up $1.2M seed, acquires Ghana’s Stabus

– Plentywaka, a mobility startup, raised $1.2m seed funding.
– The round was led by Canadian VC firm The Xchange and joined by SOSV, Shock Ventures, Techstars Toronto, Argentil Capital Partners, ODBA & Co Ventures, and angel investors.
– The company acquired Ghanaian mobility startup Stabus.

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Artificial Intelligence B2B Internet Machine Learning Marketing North America

GrowthGenius Secures $2.3M in Funding to Scale Sales Prospecting Automation Platform

– GrowthGenius, an all-in-one sales automation platform, announced the close of a C$2.3M investment round led by FirePower Capital’s private equity arm.
– The new funding, which will be a mix of term debt and equity, aims to accelerate the nearly 200% annualized revenue growth since the beginning of the year.
– GrowthGenius was founded in 2016 to help companies automate sales prospecting so that the people at those companies could focus on more valuable work.
– GrowthGenius operated for 3 years as a tech-backed sales agency before launching its sales prospecting automation software publicly in 2020.
– “GrowthGenius combines the power of sales automation technology with the insights and perspective of sales consultants to provide a highly effective offering,” said the founders.

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Career Planning Internet North America Recruiting SaaS

Hiration Raises $3M in Seed Funding

– Hiration, a San Francisco, CA and New Delhi, India-based platform that offers resources for qualified candidates to create resumes and find a role, raised $3m in seed funding.
– Backers included from Prime Venture Partners, Venture Highway and Y Combinator, among others.
– The company intends to use the funds for hiring and growth.

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E-Commerce Information Technology Internet North America

Nacelle Raises $50M in Series B Funding

– Nacelle is a Los Angeles, CA-based headless commerce platform.
– The company raised $50m in Series B funding.
Tiger Global made the investment.
– The new investment will be used to accelerate go-to-market, as well as to continue to expand customer success, partner relations, and product development.

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Internet Latin America Property Management Real Estate Rental Software

São Paulo’s QuintoAndar real estate platform raises $120M, now valued at $5.1B

– QuintoAndar, a Brazilian proptech, raised $120m in Series E funding.
– The round was led by Greenoaks Capital and Tencent, and joined by Ribbit Capital, and others.
– It brings QuintoAndar to a valuation of $5.1 billion.
– The company plans to enter the Mexican market as its first expansion outside of its home country.

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B2B E-Commerce Internet Logistics Mobile Payments Retail Sub-Saharan Africa

Alerzo raises $10.5M Series A to bring Nigeria’s informal retail sector online

– Alerzo, a B2B e-commerce retail startup, raised $10.5m in Series A funding.
– The round was led by Nosara Capital and joined by FJ Labs and several family offices from the U.S., Europe and Asia.
– The company has raised more than $20m since its launch.

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Analytics Internet North America Software

Metabase Raises $30M in Series B Funding

– Metabase is a San Francisco, CA-based open source platform for sharing data and analytics across any business enterprise.
– Company raised $30m in Series B funding.
– The round was led by Insight Partners, with participation from Expa and NEA.
– The new investment will be used to accelerate the company’s growth.

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Information Technology Internet North America Software

Qase.io Raises $500K in Seed Funding

– Qase.io, a US-registered test management platform provider, raised $500k in seed funding.
– The round was led by S16VC fund with participation from FinSight Ventures and ExpoCapital.
– The new investment will be used to strengthen the development and marketing team as well as to discover new partnership opportunities in the U.S. and Europe.

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Communities Internet Media and Entertainment North America

Launch House Announces $3 Million in Seed Funding to Create an IRL and URL Community for Founders and Creators

– Launch House has raised $3 million in Seed funding.
– Launch House brings together emerging leaders in the startup and entertainment worlds to live in illustrious mansions around the world.
– Launch House plans to double-down on its community with Season 2, which includes the expansion of the physical Residency program to cities around the globe and launching a Virtual Residency.
– Launch House Creators command audiences totaling over 100M.

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Human Resources Internet North America Office Administration

Vault Verify Announces Significant Growth Investment From PSG

– Vault Verify, a human capital management platform that allows HR departments to automate employee verification through API integrations, announced a significant growth investment from PSG.
– The investment represents Vault Verify’s first institutional capital and aims to help accelerate the company’s investment in product innovation to help HR departments be more efficient and secure.
PSG’s Adam Marcus, Managing Director, and Govind Anand, Principal, will join Vault Verify’s Board of Directors, along with Brian Kelly, Senior Advisor at PSG, who will join the Board as Chairman.
– Financial terms were not disclosed.
– Founded in 2013, Vault Verify is led by industry veterans with extensive expertise in HR technology.

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Information Services Internet North America Online Forums Social Media Software

Hashnode Raises $6.7M in Series A Funding

– Hashnode is a blogging platform built for and dedicated to the global software development community.
– The company raised $6.7m in Series A funding.
– The round was led by Salesforce Ventures with participation from Sierra Ventures, Sequoia Capital India’s Surge and Accel Partners, as well as angel investors such as Naval Ravikant (co-founder, Angellist), Des Traynor (co-founder, Intercom), Guillermo Rauch (co-founder, Vercel), Salil Deshpande (general partner, Uncorrelated) and Ed Roman (managing director, HackVC).
– The new investment will be used to continue growing the platform’s user base.

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Home Services Internet North America Vacation Rental

TurnoverBnB Raises $4.5M in Series A Funding

– TurnoverBnB, a Honolulu-based platform for Short Term Rental operators, raised $4.5M in Series A funding.
– The round was led by Ret Ventures with participation from Hawaii-based accelerator Blue Startups.
– The new investment will be used to expand the company’s reach internationally in Europe and Australia.

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Apps Digital Entertainment Gamification Gaming Internet South Asia

Zupee Raises $30M in Series B, at Over $500M Valuation

– Zupee from India is an online skill-based gaming platform startup.
– The company closed a $30m Series B funding at over $500M valuation.
– The round was co-led by WestCap Group and Tomales Bay Capital, with participation from Matrix Partners India.
– The new investment will be used to scale efforts through expansion of product portfolio and market reach and hiring of global talent.

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Internet Logistics Music North America

DistroKid Receives Investment From Insight Partners, Valued at $1.3 Billion

– DistroKid from New York develops online tools and services for music distribution, monetization, metadata customization, storage, and promotion.
– The amount of the deal was not disclosed.
– Company received an investment from Insight Partners.
– The new investment will be used to accelerate development of its suite of tools for musicians.

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Aerospace Internet Satellite Communication Telecommunications Western Europe

OneWeb Receives USD$330M Investment

– OneWeb, a London, UK-based Low Earth Orbit (LEO) satellite communications company, made a USD $300m equity investment.
Hanwha Systems, a South Korean Fortune 500, global technology and manufacturing company, made the investment for an 8.8% share.
– The investment is expected to be completed in the first half of 2022, subject to regulatory approvals. On completion, OneWeb will appoint a Board Director to represent Hanwha’s share in the company.

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Bitcoin Blockchain Cryptocurrency Cyber Security Financial Services FinTech Identity Management Information Technology Internet Software Southeast Asia

Cybavo Raises $4M in Pre-A Funding

– Cybavo, a Singapore-based blockchain security solution provider, raised $4m in Pre-A funding round.
– The round was co-led by 500 Startups, H&D Asset Management Company and New Economy Ventures.
– Other companies and investors from Taiwan, Silicon Valley, Singapore, Hong Kong and Japan also participated in the round.
– The company intends to use the funding to accelerate expansion in the East Asian, European, and North American markets, invest in the research and development of cybersecurity and blockchain technology, and to further raise the level of customer and product satisfaction it delivers.

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Internet North America Recruiting Software Staffing Agency

Graphite Solutions Raises $15M in Funding

– Graphite Solutions, Inc. closed a $15M equity funding.
– The round was led by Valor Equity Partners, Siren Ventures with participation from existing investors Communitas Capital Partners, Accomplice, Alumni Ventures Group and Cianna Capital.
– The new investment will be used to scale its sales, marketing, recruitment, customer success and product development efforts.

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Content Internet Social Media South Asia

India’s VerSe Innovation raises over $450 million to expand Dailyhunt and Josh apps globally

– VerSe Innovation, the parent firm of Dailyhunt and Josh, raised $450m funding.
– The round was led by Siguler Guff, Baillie Gifford and others.
– Existing investors Sofina Group, Qatar Investment Authority and BCap participated in the round.
– The startup claimed that Josh has amassed over 115 million monthly active users, 56 million of whom use the app each day. Dailyhunt has amassed over 300 million monthly active users.

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Internet North America

Honest Networks Raises Significant Funding Led by Newlight Partners to Accelerate Expansion of Gigabit Internet Service

– Honest Networks announced an investment of up to $100 million.
– The round was led by Newlight Partners, a growth equity investment firm.
– Honest is a rapidly growing internet service provider to residential communities and commercial properties throughout the Tri-state area.
– Honest’s mission is to reinvent the internet market by offering gigabit speeds, greater reliability, transparent and lower pricing, 100% net neutral connectivity, and an exceptional customer experience.
– Proceeds from the investment will be used to accelerate Honest’s expansion of fiber and 5G fixed wireless infrastructure in new and existing markets throughout New York, New Jersey, Connecticut, and the Mid-Atlantic.

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Internet North America

Former Snap employees raise $9M for Trust, emerging from beta to level marketing playing field

– Trust, a card and business community to help digital businesses navigate the ever-changing pricing models to market online, receive the same incentives larger advertisers get and make the best decision of where their marketing dollars will reach the furthest, raised $9m in seed funding.
– The round was led by Lerer Hippeau, Lightspeed Venture Partners, Upfront Ventures and Upper90.
– The Los Angeles-based company was started in 2019 by a group of five Snap alums working in various roles within Snap’s revenue product strategy business.
– It aims to flip the script on that, the group created Trust, which is a card and business community to help digital businesses navigate the ever-changing pricing models to market online, receive the same incentives larger advertisers get and make the best decision of where their marketing dollars will reach the furthest.

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Artificial Intelligence Big Data Computer Enterprise Software Intelligent Systems Internet Machine Learning Natural Language Processing Software South Asia

Conversational AI Leader Senseforth.ai Raises $14 Million from Fractal

– Senseforth.ai announced a $14m investment from Fractal, a global provider of AI and analytics solutions to Fortune 500 companies.
– This investment will help Senseforth.ai scale and expand its footprint across Fractal’s clients globally.
– This investment also strengthens Fractal‘s conversational AI offerings as it advances on its mission to power every human decision in the enterprise.

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Information Technology Internet Medical North America Therapeutics

Mahana Therapeutics Raises $61M in Series B Financing

– Mahana Therapeutics, a San Francisco, CA-based developer of prescription digital therapeutics designed to empower patients with chronic health conditions, raised $61m in Series B financing.
– The round was led by JAZZ Venture Partners and Gurnet Point Capital with participation from new and existing investors Main Street Advisors, KKCG and Lux Capital.
– The company will use the funds to launch the FDA-cleared prescription digital therapeutic Mahana™ IBS and accelerate development of several digital therapeutics for chronic health conditions.

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E-Commerce Internet North America

Upscribe, raising $4M, wants to drive subscription-first DTC brand growth

– Upscribe, a subscription software for direct-to-consumer e-commerce merchants, raised $4m in seed funding.
– The round was led by Uncork Capital and joined by Leaders Fund, The House Fund, Roach Capitals’ Fahd Ananta and Shippo CEO Laura Behrens Wu.
– The company is developing subscription software for direct-to-consumer e-commerce merchants.

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Internet North America Software

Felt raised $4.5 million to get you to ‘think in maps’

– Felt, a collaborative software company, raised $4.5m in funding.
– The round was led by Bain Capital Ventures and joined by Designer Fund, Allison Pickens, Akshay Kothari (COO of Notion), Dylan Field (CEO of Figma) John Lily (former CEO of Firefox), Julia and Kevin Hartz, and Keval Desai.
– The company plans to use the funding to grow its fully distributed six-person team to bring on more front-end, back-end and product engineers, as well as product and brand designers.
– Felt allows users to build a map with data sets integrated into it.

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