Panoply, a US-based data management software provider backed by semiconductor technology producer Intel, secured $10m on Tuesday from investment firm Ibex Investors and venture capital firm C5 Capital. Blumberg Capital, 500 Startups and FundersGuild supplied $1.3m in seed capital for the company in 2015 before it closed a $13m series A round in 2017 featuring Intel’s corporate venturing unit, Intel Capital, as well as C5 Capital, Blumberg Capital and 500 Startups.
Chemical producer Koch Industries led a $10m series A round on Tuesday for Strider Technologies, the US-based developer of a cloud software platform that assesses physical security risks across the supply chain. The investment was made through Koch Disruptive Technologies and the corporate was joined by One9 Ventures and existing backer DataTribe. Michael Palmer, president of Koch subsidiary i360, will take a board seat in connection with the round, which followed $2m in funding from a single investor in May 2019, according to a securities filing.
US-based lending software provider StreetShares has raised $10m from investors including Motley Fool Ventures and Ally Ventures, which invested on behalf of financial data provider Motley Fool and financial services provider Ally Financial. The round also featured undisclosed angel investors and came after $5m from Motley Fool Ventures and unnamed existing investors in March this year. It had raised $12m from unnamed investors in 2014 and the same amount in 2015, $7.3m from backers including Fenway Summer Ventures, Endeavor Equity Holdings and Pivot Investments in 2016 and $23m in series B funding from Rotunda Capital Partners and Stony Lonesome Group in January 2018.
Aperio Systems, the US-based developer of a software platform that validates industrial data, completed an $8.5 million series A round yesterday led by National Grid Partners (NGP), the corporate venturing vehicle for energy supplier National Grid. NGP director Andre Turenne is joining Aperio’s board of directors in connection with the round, which included energy utility EDP’s investment arm, EDP Ventures, as well as Data Point Capital, Jump Capital, Scopus Ventures and Soundproof Ventures. Aperio had raised $4.5m in seed funding from EDP, Jump Capital, Data Point Capital and Scopus Ventures in early 2018.
Leading Edge Equipment Technologies, a US-headquartered producer of silicon wafer production equipment for solar cells and modules, closed a $7.6m series A round on Tuesday that included DSM Venturing, the investment arm of nutritional science provider DSM. The round was led by the climate-focused Prime Impact Fund and also featured Clean Energy Ventures. Leading Edge was spun off by semiconductor equipment maker Applied Materials in 2017 and its seed capital came from DSM Ventures and Clean Energy Ventures.
Financial technology and bank holding company Green Dot Corp led a $7.5m series A round for Gig Wage, a US-based provider of technology that speeds up the electronic payment process, through a strategic partnership agreement on Tuesday. Continental Investors, Techstars and Rise of the Rest also participated in the round, which followed $1m from Stage 1 Ventures and unnamed angel investors in 2017 and $1m from Rise of the Rest Seed and various individuals in December 2018. Gig Wage graduated from the Techstars Western Union accelerator in July this year.
Arzooo, the India-based operator of a business-to-business e-commerce platform, has secured $7.5m in a series A round that included internet company Jabbar Internet Group, the Economic Times reported on Tuesday. WRVI Capital led the round, which also featured 3Lines Venture Capital and which came after $220,000 from Omphalos Ventures in mid-2018 and $1m in a pre-series A round led by Jabbar in June 2019.
Tilt Five, the US-headquartered developer of an augmented reality-based tabletop game, received $7.5m on Wednesday in a series A round featuring gaming and computer accessory provider Logitech. The round was led by VC firm SIP Global Partners and also featured Bitkraft Ventures, Galaxy Interactive and angel investor Ken Birdwell. It follows a Kickstarter campaign that raised $1.7m in October 2019.
US-based online renter’s insurance provider Goodcover raised $7.5m yesterday in a series A round featuring reinsurance firm TransRe. The round was led by VC firm Goodwater Capital and backed by Fuel Capital, Broadhaven Ventures, Global Founders Capital and Liquid 2 Ventures. It came after a $2m seed round in February this year that was led by Fuel Capital.
Quantitative trading firm Alameda Research has provided R$40m ($7.2m) for Switzerland-headquartered crypto asset and blockchain technology-focused investment firm Transfero Swiss through VC arm Alameda Ventures, Fusões & Aquisições has reported. The investment in Transfero Swiss, the first entity to release a stablecoin tied to the Brazilian real, was made through a strategic partnership agreement.
Advanced materials producer Arkema supplied an undisclosed amount of series B funding for US-based photopolymer resin provider Adaptive3D on Wednesday. Nutrition product manufacturer Royal DSM and semiconductor manufacturing equipment producer Applied Materials had co-led a series A round of undisclosed size for the company in February 2019 through their DSM Venturing and Applied Ventures units, investing with adhesives and sealants manufacturer Chemence and existing private backers.
Prevision.io, a France-based artificial intelligence software provider backed by rail operator SNCF, has completed a €6m ($7.1m) series A round featuring Netventure, Hi Inov and Upfront Ventures, Maddyness has reported. SNCF’s Digital Ventures fund, which is managed by Hi Inov, had led a $1.7m round for the company in 2017 that included Netventure and BPIfrance.
US-based phototherapy system developer NeoLight has received $7m in funding from investors including healthcare providers Dignity Health and Honor Health Systems, TechCrunch reported on Tuesday. The round included existing backers including angel investors Ben and Ashley Roethlisberger and came after a $1.4m seed round in 2016 featuring unnamed angel investors, $1m from undisclosed investors in 2017, $3.3m in March 2018 and $2.5m from the Roethlisbergers in August 2019.
Investment banking firm JP Morgan provided an undisclosed amount for UK-based payment technology developer Icon Solutions yesterday and Sara Castelhano, the bank’s Europe, Middle East and Africa head of payments, digital and solutions, will join its advisory board. The funding will support the strengthening of its technology in addition to its geographic expansion.
Asaas, a Brazil-based billing and subscription management software developer, has raised R$37m ($6.6m) from Inovabra Ventures, the VC arm of financial services firm Banco Bradesco, and Parallax Ventures. The company had previously received approximately $2.1m from Parallax Ventures, Cventures, Escala Capital de Venture, The Hive and Grão Investimentos.
Postal service Japan Post and mobile network operator NTT Docomo have co-led a $6.5m series B round for Paronym, the Japan-based creator of an interactive video platform, through corporate venturing units Japan Post Capital and NTT Docomo Ventures, e27 reported on Tuesday. The round included InVent, the investment arm of telecoms company InTouch Holdings, and it came after Paronym said in July this year it had raised series B funding from the same three to take its total funding to $12.9m.
US-based intelligent industrial software provider Canvass Analytics completed a $6.5m series A round on Wednesday led by Yamaha Motor Ventures & Laboratory Silicon Valley, the corporate VC arm of motorised vehicle manufacturer Yamaha Motor. The round included Real Ventures, BDC, EDC and Viaduct Ventures and came after internet technology provider Google’s artificial intelligence fund, Gradient Ventures, led a $5m round in August 2018 that also featured Viaduct Ventures, Bedrock Industries and existing backers Real Ventures and angel investor Barney Pell.
Media group Hearst Corporation and law firm Orrick’s Legal Technology Fund took part in a $6.3m series A round for online legal counsel marketplace Priori on Wednesday. The round included Great Oaks Venture Capital, Jambhala, Mindset Ventures, Bridge Investments and angel investors including Tim Steinert. Priori identified Hearst, Great Oaks and Jambhala as existing investors and said Hearst will get a board seat at the company in connection with its latest investment.
Singapore-based social commerce platform developer WeBuy has received $6m in series A funding from investors including telecoms firm Telkom Indonesia’s Centauri Fund, e27 reported yesterday. Wavemaker Partners led the round, which was also backed by KB Financial Group and Global Founders Capital, and which brought WeBuy’s overall funding to $9m. It had raised seed funding from Global Founders Capital and an undisclosed family fund in February this year.
Curve Health, the US-based creator of a software platform that integrates senior care services, raised $6m in seed capital yesterday from investors including healthcare staffing firm Vituity. The round was led by VC firm Lightspeed Venture Partners and also featured Westway Capital, Correlation Ventures, Kapor Capital, Rosecliff Venture Partners, The Fund and angel investors Kal Vepuri, Arun Gupta and Kristin Baker Spohn.
Signzy, the India-based creator of a no-code application development platform for financial risk and compliance tools, has secured $5.4m from investors including payment services firm Mastercard, Arkam Ventures, Kalaari Capital and Stellaris Venture Partners, the Economic Times has reported. Kalaari Capital’s K-Start fund led a $600,000 round for Signzy in May 2018 before it joined Stellaris for a $3.4m round six months later.
Medical device producer Nipro Corporation recently led a $5.3m seed round for Venari Medical, an Ireland-based spinout from National University of Ireland that is developing a catheter system to treat chronic venous disease, the startup announced on Wednesday. The corporate was joined by Western Development Commission, Enterprise Ireland and undisclosed angel investors, and the funding will support work on its device.
Investment firm Franklin Templeton and VC firm Illuminate Financial Management have supplied an undisclosed amount of series A funding for Curv, a US-based provider of digital asset security technology. It will be added to the round’s $23m first close in July this year, which featured internet company Digital Garage’s Lab Fund, CommerzVentures and Coinbase Ventures – subsidiaries of financial services firm CommerzBank and digital currency exchange Coinbase – as well as Team8 and Digital Currency Group, taking Curv’s total funding to $29.5m.
Financial exchange services provider SIX Group co-led a €4.3m ($5.1m) series A round for Belgium-based crypto market maker Keyrock on Tuesday through SIX Fintech Ventures The round was co-led by MiddleGame Ventures and included Volta Ventures, Seeder Fund and TNN Patrimony, the three having participated in the company’s $1.1m seed round in April 2018.
Swit Technologies, the US-based creator of a remote working software platform, raised $5m from VC firm SV Investment on Tuesday. The deal followed a $7m seed round closed in July 2019 that was led by Korea Investment Partners and backed by Hyundai Venture Investment Corporation and Mirae Asset Venture Investment, which represented automotive manufacturer Hyundai and financial services firm Mirae Asset Capital respectively.
Nutrium, a Portugal-based nutritionist communication app developer backed by human resources software provider Primavera, has secured €4.25m ($5m) in a seed round led by Indico Capital Partners that included Portugal’s Social Innovation Fund and unnamed existing investors, TechCrunch reported yesterday. The company had received an undisclosed sum in a 2015 round led by Primavera and its earlier investors include Portugal Ventures.
Oil distributor Eneos’s Innovation Partners unit provided ¥500m ($4.8m) for Mirai-Labo, the Japan-headquartered developer of a pavement-based vehicle charging system, on Monday. The companies have also formed a strategic alliance that will focus on autonomous energy service infrastructure.
US-based cybersecurity startup Stairwell closed a $4.5m seed round on Wednesday that included Gradient Ventures, the artificial intelligence fund formed by internet technology provider Google. VC firm Accel led the round, which also featured VC firm Sequoia Capital, investment bank Allen & Company and undisclosed angel investors. Stairwell was co-founded by Mike Wiacek, who had previously founded Google’s Threat Analysis Group.
Celcoin, a Brazil-based developer of digital payment technology for businesses serving the underbanked, has received R$23m ($4.1) in a funding round led by VC firm Vox Capital and backed by financial services firm BTG Pactual’s BoostLab hub, Startupi has reported. Vox Capital had already provided $1.5m for the company in May 2019.
Atmos, the US-based developer of an online platform that simplifies the new homebuilding process, has raised $4m from investors including JLL Spark, the investment arm of real estate services provider JLL, Forbes reported yesterday. The round was led by Khosla Ventures at a $25m valuation and also featured Y Combinator and angel investors including Sam Altman, Adam Nash and several TikTok influencers. Altman and Nash were among the individuals who had supplied $2m for the startup as of June this year.
Investment banking firm Kenanga has paid an undisclosed amount for a 5% stake in Malaysia-based digital payment and financial services technology provider Merchantrade, The Star reported on Wednesday. The companies had already collaborated on a mobile wallet for share traders called Kenanga Money, and The Star named mobile network operator Celcom Axiata and diversified conglomerate Sumitomo as existing Merchantrade investors.
Kompeito, the Japan-based owner of an office-focused vegetarian meal delivery service called Office de Yasai, secured more than ¥400m ($3.8m) on Tuesday from Bank of Iwate’s Iwagin Jigyo Souzou Capital vehicle. It had raised a total of at least $5.5m as of May this year, from investors including insurance firm Nippon Life’s Nissay Capital unit and Tsuneishi Capital Partners, a subsidiary of shipbuilding and shipping group Tsuneishi, as well as mayonnaise producer Kewpie Corporation and agricultural cooperative JA Zen-Noh.
Japan-based branding, graphic and web design services provider FlowPlateaux raised ¥400m ($3.8m) in pre-series A funding from Tokyo University of Science Innovation Capital today. The company was spun off by art and design collective Rhizomatiks and will channel the capital into expanding its management team and launching new services.
Enterprise software provider Salesforce has supplied an undisclosed amount for PredictSpring, the US-based developer of an advanced point-of-sale system, through corporate venturing subsidiary Salesforce Ventures. PredictSpring had raised $2m in seed funding from investors including Beanstalk Ventures and Novel TMT Ventures in 2015 and both returned for an $11.4m series A round led by Felicis Ventures and backed by Benvolio Group the following year.
Licensed cannabis producer Organigram Holdings has invested $2.5m in Canada-based cannabinoid science and biosynthesis technology developer Hyasynth Biologicals. The company had already advanced $5m to Hyasynth in September 2018 through a debenture purchase agreement and has a right to buy another $2.5m of convertible secured debentures. Hyasinth secured $390,000 from SOSV and angel investors Ethan Perlstein and Andrew Hessel in 2015 and its existing investors include RebelBio.
H2Pro, an Israel-based developer of hydrogen production technology, received an undisclosed amount from gas infrastructure producer New Fortress Energy on Monday. The startup secured $3.5m in seed capital from carmaker Hyundai Motor Company and VC firm Contrarian Ventures in October 2019 before adding an undisclosed amount from conglomerate Sumitomo’s IN Venture unit in August this year.
New media software provider New Stack has co-led a $2.2m seed round for Shotcall, the US-headquartered creator of a social online gaming platform, VentureBeat reported on Wednesday. The round was co-led by accelerator and VC fund Initial Capital and included VC firm Lerer Hippeau. It came in the wake of Shotcall’s graduation from accelerator Techstars.
Moxie, a US-based startup that runs an online marketplace for livestreamed fitness classes, has secured $2.1m in a seed round that included internet group Tencent, TechCrunch reported on Wednesday. The corporate was joined by Vectr and angel investors including Howard Morgan, Geoff Prentice and Allen Morgan.
ZeroEyes, the US-based creator of an artificial intelligence-equipped weapons detection system, received $1.5m on Wednesday from investors including education and technology consultancy Natoma Group. The round was led by Grateful Investments and backed by Legion Capital, Backswing Ventures and unnamed angel investors. ZeroEyes said it has now raised $4m altogether, a regulatory filing indicating it had secured $1.9m of a targeted $2.5m in March this year.
AV8 Ventures, a corporate venturing vehicle for insurance firm Allianz, has co-led a $1.5m seed round for Rephrase.ai, the India-based provider of an artificial intelligence-equipped text-to-video conversion service, the Economic Times reported last month. VC firm Lightspeed Venture Partners co-led the round, which followed the startup’s participation in the TechStars India Accelerator in 2019.
Diversified trading group Sojitz has provided an undisclosed amount of funding for Open Street, the Japan-based operator of bicycle sharing service Hello Cycling and scooter rental platform Hello Scooter. Sojitz invested through a corporate venturing subsidiary and plans to collaborate with Open Street on a next-generation mobility platform.
Private investors including Vijay Shekhar Sharma, Jaydeep Barman and Deepak Parayanken have invested Rs 100m ($1.4m) in Treebo, an India-based budget hotel operator backed by media groups Bertelsmann and Bennett Coleman & Co, TV18 reported on Tuesday. It had raised a total of at least $63m as of earlier this month when it received $6m from Bertelsmann subsidiary Bertelsmann India, Matrix Partners India, SAIF Partners (since renamed Elevation Capital) and Ward Ferry Management.
Kaffe Bueno, a Denmark-based company that converts coffee waste into flour and elements for cosmetics, secured €1.1m ($1.3m) on Tuesday from investors including Pinc, an investment vehicle for packaged food and beverage producer Paulig Group. The corporate was joined in the round by Vækstfonden, The Yield Lab and an unnamed Danish angel investor.
Scoperty, a Germany-based online real estate marketplace formed as a joint venture between financial services firm ING and property valuation provider Sprengnetter, has raised a seven-figure euro amount (€1m = $1.2m) from its founders, Immobilien Manager has reported. ING owns a 36% stake in the startup post-investment and Sprengnetter holds 32%, while the company itself retains the rest of the shares.
Digital media company Gree’s Strive fund and Hirac Fund, which is run by accounting software developer Money Forward’s corporate venturing unit, Money Forward Venture Partners, contributed to a ¥110m ($1.1m) round for Japan-based educational entertainment developer Go Visions today. The round included investment and consulting firm Epist Ventures and unnamed financial institutions and individuals, and the startup is recruiting families for a product trial scheduled to take place next month.
Secai Marche, the Malaysia-headquartered owner of an online platform that enables restaurants in Japan and Malaysia to source food directly from farmers, received $1m in December 2019 from Monex Ventures, the corporate venturing arm of cross-border exchange operator Monex, as well as VC firm Beyond Next Ventures and unnamed individuals, it told e27 on Wednesday. It intends to enter the Singaporean market in 2021 and then Indonesia and Thailand.
MatrixFlow, the Japan-based creator of an artificial intelligence application development platform for enterprise customers, secured ¥100m ($960,000) today from online furniture retailer Vega Corporation. The company has earmarked the capital for product development and recruitment.
Beauty salon operator Diana provided an undisclosed amount on Tuesday for JBIRC, the Japan-based operator of an online marketplace called Beauty Venue that allows beauticians to discover space in salons where they can work, investing through subsidiary Diana CVC. The platform also helps salons to rent out equipment to its users.
Sustainable animal protein provider Veos Group has supplied €500,000 ($590,000) for Italy-based digital consultancy Veos Digital, which was formed through the merger of artificial intelligence technology developer Namilab and mobile web developer LamaLab. The funding was invested between July and September this year, the company said last week.
Eneos, the petroleum producer formerly known as JXTG Holdings, supplied an undisclosed amount for Sharing Energy, the Japan-based operator of distributed solar energy service Share Denki, yesterday. The capital will go into improving the sales, customer support and back office capabilities of Sharing Energy.
Joinkey, the Brazil-based developer of a sales and receivables payment management platform, has raised R$3m ($530,000) from payment software provider Pagolivre, Baguete has reported. Pagolivre had invested roughly $400,000 in the startup at the time of its launch early this year, and the latest funding will support marketing investment and the development and launch of new products.
Egypt-based energy management technology startup Amjaad Technology has received a six-figure amount of pre-series A funding from disinfectant producer Dhaman, Wamda reported on Wednesday. The startup will use the funding to add features to its core ioMeter system while adding water and gas metre products to its offering.
Diagnostics technology provider Ness Health has provided R$2m ($360,000) for Iara Health, the Brazil-based creator of an intelligent voice system for the healthcare sector, according to SC Inova. The cash will fund research and development activities along with a European expansion drive set to begin in Portugal.
Business development firm Dream Incubator’s Dimension Fund invested an undisclosed sum in Japan-based medical app developer Susmed today that followed undisclosed amounts from pharmaceutical firm Suzuken in May this year, conglomerate Sumitomo and pharmaceutical company Nippon Chemiphar in August, and drug producer Sawai Pharmaceutical last month. It had previously raised an undisclosed amount from Beyond Next Ventures in 2017 and $6.6m from insurer Dai-ichi Life, medical portal operator M3, electronics manufacturer Sony’s Innovation Fund, leasing services firm Century Tokyo Leasing Corporation, Beyond Next Ventures and SBI Investment, a subsidiary of financial services provider SBI, in June 2018.
Management consulting firm Shikigaku supplied an undisclosed amount of funding for Surpass, the Japan-based operator of a female-focused outsourcing firm, today through corporate venturing vehicle Shikigaku Fund. The same investor had provided an undisclosed sum for Surpass in March this year.
Software development service Platanus has led a $160,000 funding round for Reversso, the Chile-based developer of an intelligent retail ordering and inventory management platform, Contxto has reported. The corporate invested through subsidiary Platanus Ventures and Reversso plans to now expand into Brazil and Mexico.
Food delivery service DoorDash has invested an undisclosed amount in Burma Bites, a spinoff restaurant of Burmese restaurant Burma Superstar, San Francisco Chronicle has reported. Burma Bites opened this week, having delayed the opening from March 2020, and will be optimised for home delivery.
Additional reporting by Liwen-Edison Fu.
