Tagged: funding

September 1, 2024 @ 5:30 pm By Omar Faridi  |  

Quai, a Layer-1 crypto network for the global and compute economies, announces the closing of a $5 million funding round with participation from Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures, and DexCheck Ventures. Additionally, Quai previously secured $10 million “from Polychain Capital and… Read More

September 1, 2024 @ 10:07 am By Omar Faridi  |  

Helicap has raised $4.3 million in Series B funding that has been led by Kenanga Investors. Helicap, a fintech investment platform, has acquired $4.3 million via its Series B  round, as disclosed in regulatory filings. Kenanga Investors, which is a subsidiary of Malaysia-based Kenanga Investment… Read More

August 26, 2024 @ 8:26 am By Omar Faridi  |  

The total venture capital (VC) funding raised by the US-based startups reportedly improved by 2.4% year-on-year (YoY) during January-July 2024 despite a 41% decline in VC deal volume. The country continues to lead the global VC landscape “with a significant gap over its peers, leading… Read More

August 23, 2024 @ 11:45 am By Omar Faridi  |  

Siepe LLC, a provider of software and technology-enabled services for private credit and CLO managers, has raised $30 million in a Series B funding round led by WestCap, a strategic operating and investing firm with $6 billion in assets under management (AUM). The investment will… Read More

August 14, 2024 @ 8:17 am By Omar Faridi  |  

NatWest has executed a £1.1bn own-asset securitisation deal with funding from Nuveen Infrastructure and Christofferson Robb & Company to allow the bank to recycle capital and increase lending to the renewable energy and energy transition sectors. The synthetic risk transfer securitization “provides credit protection against… Read More

August 8, 2024 @ 5:15 pm By Omar Faridi  |  

CloudPay, the independent provider of global payroll and payment solutions, announces the closing of a $120 million funding round led by Blue Owl Capital with the participation of existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital. The funding further strengthens CloudPay’s capital… Read More

August 8, 2024 @ 9:23 am By Omar Faridi  |  

Octane (Octane Lending, Inc.), the fintech enhancing the buying experience for major recreational purchases, announced that it has closed its Series E funding round with $50 million in new equity capital. Octane has raised $242 million “in total equity funding to date.” The capital will… Read More

August 8, 2024 @ 7:59 am By Omar Faridi  |  

Insurtech funding sees its strongest quarter in over a year despite deal volume sinking to its lowest point since 2016, according to an extensive update from CBInsights. CBInsights notes in its latest repot that global insurtech funding “increased 44% quarter-over-quarter (QoQ) to $1.3B in Q2’24… Read More

August 6, 2024 @ 11:36 am By Omar Faridi  |  

Bilt Rewards, which claims to be among the nation’s largest loyalty program sfor the home and neighborhood, today announced it has raised an additional $150 million in funding. The investment round was led “by Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm… Read More

August 4, 2024 @ 9:56 pm By Omar Faridi  |  

CBInsights notes in a new report that AI funding has reached $23.2B in Q2’24 — the highest quarterly level on record. CBInsights pointed out that global AI funding “climbed once again in Q2’24, jumping 59% QoQ to hit $23.2B — the highest quarterly level on… Read More

July 27, 2024 @ 1:01 pm By Omar Faridi  |  

Jarvis, a pension fintech that empowers employees to plan for their ideal retirement actively, has raised £1.8 million in seed funding in a round co-led by Ascension VC and Cornerstone VC, with participation from Tokio Marine Future Fund. The investment will support growth and product… Read More

July 20, 2024 @ 8:12 am By Omar Faridi  |  

Aven, a technology company offering consumer credit cards backed by home equity,  announced a $142 million series D round of funding led by Khosla Ventures and General Catalyst, with participation from existing investors including Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership. Aven… Read More

July 10, 2024 @ 11:44 pm By Omar Faridi  |  

Pilot‘s CFO Services team recently published their Q1 Market update on the Venture Capital landscape. Their main takeaways are as follows: Deal activity in Q1 remained roughly flat QoQ, but varied by segment: pre-seed and seed-stage saw notable declines while late-stage saw moderate increases, with… Read More

July 4, 2024 @ 4:28 pm By Omar Faridi  |  

CBInsights has released the State of Venture Q2’24 Report CB Insights notes that you may review the latest investment data to make more well-informed decisions. According to the update from CBInsights, AI startups steal the show, “grabbing nearly a third of all funding, while the… Read More

June 26, 2024 @ 8:19 am By Omar Faridi  |  

The SaaS funding landscape in 2024 is very different from even two years ago, according to an update from Capchase. In previous years, venture capital (VC) funding was “the most popular form of SaaS funding, with countless firms investing bold amounts into fledgling companies,” the… Read More

May 25, 2024 @ 8:04 am By Michael Wong  |  

CBiGroup, a US-based fintech company, has raised $15 million in a Series A funding round led by Alpol Capital Family Office, renowned for its investments in new technologies. The newly acquired funds will be used to enhance research and development efforts, particularly in new technologies… Read More

May 12, 2024 @ 11:04 pm By Omar Faridi  |  

iwoca announces a new £270m package of debt funding, taking total gross investment in the company to over £1bn since it was founded in 2012. iwoca has received £150m (€175m) in debt financing commitments from Citibank and Insight Investment to “support the company’s growth in… Read More

April 4, 2024 @ 8:51 am By Omar Faridi  |  

The British Business Bank has agreed a facility increase that will provide £29.4m of funding to smaller UK businesses, through an existing ENABLE Funding transaction with independent specialist finance provider, Time Finance. The additional funding brings the total small business funding “available through the facility… Read More

March 29, 2024 @ 9:00 am By Omar Faridi  |  

NewRetirement, a comprehensive, digital-first financial planning platform for consumers and enterprise partners, announced that it has closed its Series A round with $20 million in funding. The funding round was “led by Allegis Capital and joined by Ulu Ventures, Nationwide Ventures, Fin Capital, Frontier Venture… Read More

January 30, 2024 @ 10:14 pm By Omar Faridi  |  

Mesh, the modern embedded finance solution that makes digital asset transfers and account aggregation seamless, today announced an investment from PayPal Ventures. This investment helps to reinforce Mesh’s position as a key player “in embedded finance and highlights PayPal’s commitment to fostering innovation in the… Read More