Late September was a buoyant time for the fintech sector.
Month: September 2020
Star Charge dazzles Schneider Electric to raise $125m
Schneider Electric co-led EV charging services provider Star Charge’s series A round with China International Capital Corporation’s CICC Capital.
Quanto banks on Itau and Bradesco
Brazil-based banks Bradesco through its InovaBra Ventures corporate venturing unit and Itaú Unibanco have invested in Quanto, a local company developing technology to let retailers and other businesses access financial information and services in so-called open banking. Venture capital firm Kaszek Ventures and hedge fund Coatue joined the round of undisclosed size for Quanto. Quanto provides… Continue reading Quanto banks on Itau and Bradesco
Showmac Tech pilots from Xiaomi to A round
Showmac Tech, a China-based communication service for devices and service providers backed by manufacturer Xiaomi, has raised almost RMB100m ($15m) in its series A+ round. Venture capital firm Addor Capital, with participation from VC peers GGV Capital and Hongtai Aplus. Xiaomi had invested in Showmac’s angel round in 2017 as part of a pilot. Showmac welds the subscriber identity module… Continue reading Showmac Tech pilots from Xiaomi to A round
Kaiser Permanente scans Osso VR deal
Osso VR, a US-based virtual reality distribution platform, has raised $14m from a consortium including healthcare provider Kaiser Permanente’s corporate venturing unit. Venture capital firms SignalFire, GSR, Scrum Ventures, Leslie Ventures and OCA Ventures also participated in the undisclosed round. Osso VR makes surgical educational content for training purposes and company-specific VR educational videos for… Continue reading Kaiser Permanente scans Osso VR deal
Siemens drips cash to Babson Diagnostics
Babson Diagnostics, a US-based medical technology company, has raised $13.7m in its series A round led by Siemens Healthineers, the healthcare-fcoused division of Germany-based conglomerate Siemens. Other investors in the round included venture capital firms Prism Ventures, Genesis Merchant Capital and Lago Consulting Group. Originally incubated at Siemens Healthineers and developed in partnership with Becton Dickinson,… Continue reading Siemens drips cash to Babson Diagnostics
Yummy drinks up Coke’s cash
Yummy, an Indonesia-based cloud kitchen management company, has raised $12 million in its series B round led by internet group SoftBank Ventures Asia and including drinks company Coca-Cola’s Australian corporate venturing unit, Amatil X. Other participants in the round included venture capital firms Intudo Ventures, Sovereign’s Capital, Vectr Ventures, AppWorks, Quest Ventures and Palm Drive Capital. Launched… Continue reading Yummy drinks up Coke’s cash
Accenture and Delta Dental target minorities
Two US corporations are using venturing to support black and underrepresented minority entrepreneurs. Delta Dental has committed to a $50m venture capital fund run by Lightship Capital and supported its move to Detroit. Founded by Candice Matthews Brackeen, Lightship is the largest such fund raised by a black woman in the US and will invest… Continue reading Accenture and Delta Dental target minorities
Therypharm doses with $37m C round
Suzhou Therypharm Pharmaceutical, a China-based drug maker, has raised RMB250m ($37m) in its series C round including returning investor Legend Capital, the corporate venturing unit of tech firm Legend. State-backed SND Ventures Group and investment firm CEC Capital co-led the C round, which also included GP Capital’s Su Shang Fund, Suzhou International Development Venture Capital… Continue reading Therypharm doses with $37m C round
TrueLayer extends C round by $25m
UK-based financial technology software developer TrueLayer has extended its series C round by $25m from its existing investors, which include China-based internet and gaming group Tencent. TrueLayer provides software that enables developers to build applications that can access and share customer’s bank accounts and financial data as well as initiate payments. TrueLayer said it had… Continue reading TrueLayer extends C round by $25m
CloudMargin adds three financial institutions
CloudMargin, a UK-based collateral and margin management service, has raised $15m in its series B round from a consortium including stock exchange operator Deutsche Börse and banks Deutsche Bank and Citi. The money will be used to further develop the platform and expand in the US and Asia. All three institutions will join CloudMargin’s board. Tilman Fechter,… Continue reading CloudMargin adds three financial institutions
Manticore Games raises Epic round
Manticore Games, a US-based games platform developer, has raised $15m from a consortium led by peer Epic Games. Adam Sussman, president at Epic Games, which operates Fortnite, one of the world’s largest games with over 350 million accounts, and is itself backed by Tencent, said: “The industry is ultimately headed to games becoming more like open… Continue reading Manticore Games raises Epic round
Intel sends cash to EasySend
EasySend, an Israel-based no-code platform for insurance companies to build forms, has raised $11m in its series A round from a consortium including Intel Capital, the corporate venturing unit of chip and data company Intel. Venture capital firm Hanaco led the A round. VC firm Vertex Ventures and Israel-based Menora Insurance had previously led a $5m… Continue reading Intel sends cash to EasySend
Papa finds pal in Comcast
Comcast Ventures was among the participants that helped increase the companionship service provider’s total funding to $31m.