Tag: Funding

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India’s Inshorts raises $60 million following Public social network app growth

Indian startup Inshorts, which operates an eponymous news aggregator service, has raised $60 million in a new financing round as its two-year-old bet — launch of a new social media app called Public — continues to impress, the startup confirmed to TechCrunch on Thursday. Vy Capital led the new round in Inshorts, which has raised…
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15 July 2021 0

Bambee founder talks about entrenched fundraising challenges facing Black founders

Allan Jones dropped out of college and spent a decade learning how to run a startup. In 2016, that education resulted in the launch of Los Angeles-based Bambee, which helps small companies by acting as their HR department with the goal of keeping them in compliance with government rules and regulations. But he found getting…
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12 July 2021 0

Cloud security platform Netskope boosts valuation to $7.5B following $300M raise

Netskope, focused on Secure Access Service Edge architecture, announced Friday a $300 million investment round on a post-money valuation of $7.5 billion. The oversubscribed insider investment was led by ICONIQ Growth, which was joined by other existing investors, including Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures and Geodesic Capital. Netskope…
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9 July 2021 0

5 fundraising imperatives for robotics startups

Lidiya Dervisheva Contributor As a partner at Next47, Lidiya Dervisheva works in the areas of robotics, AI and machine vision, as well as broader industrial and enterprise verticals. Fady Saad Contributor Fady Saad is the co-founder and strategic partnerships vice president of MassRobotics, the first and largest robotics/AI startup escalator in the world. Bilal Zuberi…
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9 July 2021 0

Indian social commerce DealShare raises $144 million, eyes international expansion

High-profile investors are doubling down on their bets to explore the future of social commerce in India. DealShare said on Thursday it has raised $144 million in a new financing round as it looks to expand its presence in the South Asian market and eye opportunities in international markets. The new financing round, a Series…
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8 July 2021 0

WellSaid attracts $10M A round for higher quality synthetic speech

WellSaid Labs, whose tools create synthetic speech that could be mistaken for the real thing, has raised a $10M Series A to grow the business. The company’s home-baked text-to-speech engine works faster than real time and produces natural-sounding clips of pretty much any length, from quick snippets to hours-long readings. WellSaid came out of the…
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7 July 2021 0

MAGIC Fund raises $30M to scale its global founders-backing-founders fund

Influential entrepreneurs like Paul Graham and Naval Ravikant always preach the need for startups to have founders-turned-investors on their cap table. As Ravikant puts it, “founders want to know that the people they are taking money from have first-hand experience.”  His platform AngelList has helped individual founders-cum-investors source and participate in deals via collectives. However,…
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6 July 2021 0

Pleo raises $150M at a $1.7B valuation for its new approach to managing expenses for SMBs

Whether you are part of the accounting department, or just any employee at an organization, managing expenses can be a time-consuming and error-filled, yet also quite mundane, part of your job. Today, a startup called Pleo — which has built a platform that can help some of that work more smoothly, by way of a…
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6 July 2021 0

India’s Furlenco raises $140 million for its furniture and appliance renting service

Furlenco, a Bangalore-based startup that operates an eponymous furniture and appliance rental service, said today it has raised $140 million in a financing round as it looks to scale its operations in the South Asian market and explore international market expansion. The new $140 million financing round, a Series D, comprises $120 million debt raise…
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4 July 2021 0

Tiger Global leads $42M Series B in Nigerian credit-led neobank FairMoney

Neobanks have led the charge as regards venture capital funding for consumer fintech startups. But while they have collectively dominated the fintech space, they don’t operate a monolithic model. There are five distinct models, and the one adopted by Nubank, the $30 billion behemoth, is the credit-led model. Neobanks operating this model start by offering…
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2 July 2021 0