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.
Canva Raises USD $200M in Funding; Valued at USD 40 Billion Valuation
– Canva – a global visual communications platform based in Sidney, Australia – raised USD $200m in a funding round which valued the company at USD $40b.
– The round was led by T. Rowe Price with participation from new and existing strategic investors Franklin Templeton, Sequoia Capital Global Equities, Bessemer Venture Partners, Greenoaks Capital, Dragoneer Investments, Blackbird, Felicis, and AirTree Ventures.
– The company intends to use the funds to accelerate growth, including expanding its team of more than 2,000 employees, which it is expected to double in the year ahead.
Regology Raises $8M Series A to Scale AI-based Regulatory Compliance Platform
– Regology announced an $8m Series A round led by ACME Capital.
– Regology offers an AI-enabled platform that actively tracks regulatory updates, allowing companies to dynamically monitor changes to business-relevant laws, identify emerging risks and fines, and set up controls to ensure legal requirements are being met.
– Based on Regology’s market analysis, in 2020 Global 500 companies spent more than $400 billion on regulatory compliance, yet were fined over $20 billion.
– The Regology platform aims to solve this gap by providing companies instant access to law progressions, from initial bill to law passage, to subsequent publication coverage and updates across jurisdictions.
– Its proprietary AI algorithm allows companies to track regulatory updates in real time at the industry, product and functional level, ensuring their business keeps pace with the dynamics of regulations.
JW Player Raises $100M in Series E Funding
– JW Player is a video software and data insights platform provider for digital video.
– The company raised $100M in Series E funding led by LLR Partners.
– The new investment will be used to accelerate product innovation, expand its global go-to-market presence across sales, marketing and channel partnerships and continue to grow and invest in building the team.
Maven Acquires The Spun and Raises $20 Million in Equity
– Maven, a modern media company operating and powering premium publishers, announced that it has acquired The Spun, a fast-growing digital and social sports brand that brings what’s trending in the sports world to avid and loyal consumers.
– The addition of TheSpun.com to Maven’s lineup of sports properties, anchored by Sports Illustrated, operated under a license from Authentic Brands Group (ABG), boosts Maven’s Sports vertical readership to more than 50 million per month, according to Google Analytics.
– Concurrent with the acquisition, Maven completed a $20 million equity financing with new and existing institutional investors, including Hunt Technology Ventures and Invenire Capital.
Proactive Raises Series B Funding of Undisclosed Amount
– Proactive, a Toronto, Canada-based company which specializes in real-time financial news, raised A Series B funding round of undisclosed amount.
– The round was led by Yorkville Asset Management.
– The company intends to use the capital for organic growth and merger and acquisition activity.
Vev Raises €5M in Seed Funding
– Vev is an Oslo, Norway – based collaborative visual editor for professional developers, designers and content creators to build and launch interactive websites and digital content.
– The company raised €5m in seed funding from EQT Ventures with participation from existing investors, Sagene Tech Ventures and Skyfall Ventures.
– The new investment will be used to launch its platform to the public, invest in product development, and scale its commercial team.
Iris.TV Raises $18M in Series B Funding
– Iris.tv is a video data platform based in Los Angeles and NYC.
– The company raised $18m in Series B funding.
– The round was led by Intel Capital with participation from WISE Ventures, Quest Venture Partners, Mirae Asset Venture Investment, Mike Baker, founder, CEO of dataxu (acquired by Roku in 2019), Mike Shehan, founder, CEO of video advertising platform SpotX (merging with Magnite in 2021), and Ari Paparo, CEO of ad tech innovator Beeswax (acquired by Comcast in 2020).
– The new investment will be used to accelerate the company’s growth and development of new products.
Zoomin Raises $52M In Series C Funding
– Zoomin is a New York-based provider of knowledge orchestration solutions.
– The company raised $52M in Series C funding.
– The round was led by General Atlantic, with participation from returning investors Bessemer Venture Partners, Salesforce Ventures and Viola Growth.
– The new investment will be used to further fuel its go-to-market strategy and to expand its product offering and analytics to a wider range of enterprise organizations.
Subscription Book Club Company Literati Raises $40 Million
– Literati is a subscription book club company.
– The company raised $40m in Series B funding.
– The round was led by Aydin Senkut of Felicis with additional funding from Dick Costolo and Adam Bain of 01 Advisors, Founders Fund, General Catalyst, Shasta Ventures, Silverton Partners, and Springdale Ventures.
– Stephen Curry also joined in the round.
