Fintech startup Finix closes on $3M in Black and Latinx investor-led SPV
– Finix, a payments infrastructure startup, raised $3m in a special purpose vehicle (SPV) that brought more than 80 “traditionally marginalized” investors onto its cap table.
– The SPV was created by the company’s founder Richie Serna, who is a first-generation Mexican-American.
– Moving forward, in all subsequent rounds, Finix will be allocating 10% of each round to Black and Latinx investors.
Vampr Raises £570k in Funding
– Vampr, a Nashville and London, UK-based platform dubbed the LinkedIn for creatives, raised a further £570k ($790k) in funding.
– In an oversubscribed crowdfunding round, the company raised the maximum permitted in a 12 month window under Reg CF laws with over 2,000 investors. This took its total funding raised to £1.9M ($2.6M).
– The company intends to use the funds for further expansion with a desktop experience and new live streaming tools planned to allow creatives to broadcast their performances to the world.
vArmour, the multi-cloud security startup, raises $58M en route to IPO
– vArmour, a multi-cloud security startup, raised $58m funding.
– The round was led by AllegisCyber Capital and NightDragon, and joined by Standard Chartered Ventures, Highland Capital Partners, Australian carrier Telstra, Redline Capital and EDBI.
– The company appointed a CFO last October as part of its go-public plan.
– It is likely to look at making some acquisitions in the meantime.
Artie Raises $10M in Seed Funding
– Artie is a Los Angeles, CA-based platform for next-gen instant mobile games.
– The company raised $10M in seed funding.
– Backers included Zynga founder Mark Pincus, Kevin Durant and Rich Kleiman’s Thirty Five Ventures, music mogul Scooter Braun’s Raised In Space, Shutterstock founder Jon Oringer, Tyler & Cameron Winklevoss, Susquehanna International Group; Harris Blitzer Sports & Entertainment + The Sixers Lab, and Manuel Bronstein, VP of Product at Google, and YouTube founder, Chad Hurley.
– The company plans to use the funds to continue advancing its technology platform and launch an initial slate of games in 2021.
Leasecake Raises $3 Million to Scale Location Management Platform
– Leasecake, an Orlando, Florida-based commercial real estate operating system for location management, announced today it raised $3 million in an oversubscribed seed round led by Las Olas Venture Capital, a seed-stage venture firm based in South Florida that specializes in B2B software investments.
– Leasecake is the sole source of truth for parties on all sides of a lease transaction, with the primary focus on multi-unit tenants and their tenant-rep brokers.
– The software supports underserved small to mid-sized enterprises (SMEs) by helping them stay on top of mission-critical, time-sensitive events that can significantly impact their business.
– Capital raised in the seed round will fuel Leasecake’s next iteration of product development and provide funding for business development activities.
OutSystems, Software Development Platform Leader, Raises $150 Million Investment at $9.5 Billion Valuation
– OutSystems, the leading modern application platform, today announced a $150 million capital raise.
– The round, co-led by Abdiel Capital and Tiger Global, values OutSystems at $9.5 billion.
– The funding will be used to expand investments in its R&D and GTM strategy.
– OutSystems was founded to give every organization the power to innovate through software.
– Using the OutSystems platform, businesses of all sizes can develop, deploy and manage critical apps at speed—enabling them to respond to market opportunities and continuously deliver value through software-driven innovation.
– OutSystems makes this possible by combining extraordinarily fast, visual, model-driven development with a modern platform built around AI, cloud, DevOps, and security.
Jigsaw scores $3.7M to slow down your dating swipes
– Jigsaw, an anti-superficial dating app, raised $3.7m in seed funding.
– The round was led by The Relationship Corp., with backing from angel investors in the U.S. and U.K.
– The startup plans to expand to the U.S.