Tagged: funding

September 20, 2023 @ 8:38 am By Michael Wong  |  

In a significant move towards bolstering the global fight against climate change, HSBC announced today its commitment to allocate $1bn in financing to early-stage climate tech startups worldwide. This ambitious initiative aims to accelerate the development of innovative solutions in various domains, including electric vehicle… Read More

September 18, 2023 @ 6:18 pm By Omar Faridi  |  

Movement Labs announced that it has raised $3.4 million in pre-seed funding from a group of industry participants, which will enable Movement Labs to grow the adoption and development of Move, a smart contract development language “with embedded safeguards protecting against attack vectors like reentrancy… Read More

September 16, 2023 @ 10:32 am By Michael Wong  |  

London-based fintech firm Hyperjar, celebrated for its digital payment solutions and personalized rewards system, has announced raising $24 million in a Series A funding round backed by Susquehanna Private Equity Investments and the Healthcare of Ontario Pension Plan. Having its roots in 2016 and officially… Read More

September 15, 2023 @ 12:33 pm By Michael Wong  |  

Databricks, a data and artificial intelligence company has successfully raised over $500 million in its Series I funding round, bringing the company’s valuation to $43 billion. With this move, each share of the company is now valued at $73.50, according to an announcement. The financing… Read More

September 9, 2023 @ 4:13 pm By Omar Faridi  |  

British Business Investments announces a new £20m Tier 2 facility for DF Capital. This investment will help DF Capital provide “an additional £300m+ of new lending per annum, to existing and new UK SME vendors and dealerships.” The investment has been “made through British Business… Read More

September 8, 2023 @ 12:14 pm By Omar Faridi  |  

Treyd, the Stockholm-headquartered Fintech that pays suppliers upfront on behalf of growing retail businesses, announces the completion of a $12 million (£9 million) extension of its March 2022 Series A funding. The extension funding brings the total investment in Treyd to $25 million (£20m). The… Read More

September 5, 2023 @ 3:22 pm By Michael Wong  |  

OneID, the sole provider of bank-verified digital identification services in the UK, has successfully secured £1m in fresh funding from ACF Investors. Established in 2020, OneID plans to use the newly acquired capital to advance its product development and reinforce its commitment to making the… Read More

September 5, 2023 @ 12:45 pm By Omar Faridi  |  

For VCs, the negative impact of Bitcoin’s (BTC) disappointing 2022 run has had long-term adverse effects on the larger crypto and blockchain ecosystem. Although the flagship cryptocurrency has recovered to some extent, surging around 55% during 2023, investments in crypto-related startups have declined for the… Read More

August 31, 2023 @ 3:43 pm By Omar Faridi  |  

Startups in Latin America are reportedly laying off staff members and are now expecting significantly more initial public offerings (IPOs) by 2024. According to reports, around two-thirds or roughly 67% of Latin American firms have now laid off staff members during the past 18 months,… Read More

August 29, 2023 @ 10:47 pm By Omar Faridi  |  

The funding initiates a multi-year, comprehensive growth roadmap designed to see Maple establish itself beyond DeFi and into the world of traditional finance “as a lending marketplace and technology provider.” As noted in a blog post, Maple has closed “a $5 million strategic funding round.”… Read More

August 28, 2023 @ 8:21 am By Omar Faridi  |  

A total of 808 venture capital (VC) funding deals “worth $8 billion were announced in the UK during January to July 2023,” according to a recent update shared by GlobalData. Both VC funding deals volume and value “witnessed considerable year-on-year (YoY) decline of 28.4% and… Read More

August 21, 2023 @ 6:42 pm By Omar Faridi  |  

The latest Bank Financing Supply and Demand Survey conducted by Bank Indonesia in July 2023 reportedly “indicates limited growth of corporate financing, as reflected by a relatively stable Weighted Net Balance (WNB) of 17.6% compared to 17.8% in June 2023. Corporate financing was primarily sourced… Read More

August 7, 2023 @ 2:17 am By Omar Faridi  |  

Without offsetting topline growth or debt reduction, management will need to increase efficiency and reduce investment “to retain earnings power and, even then, may face lower valuation multiples,” the team at Pitchbook noted in a comprehensive market update. Hence, Pitchbook now expects further underperformance “from… Read More

August 6, 2023 @ 4:00 pm By Omar Faridi  |  

Venture funding on Carta inched upward in Q2. Startups combined “to raise more than $15.4 billion in funding during the second quarter of 2023, up 26% from Q1.” In several other areas of the venture landscape, “such as early-stage valuations and late-stage deal counts, the… Read More

August 6, 2023 @ 2:37 pm By Omar Faridi  |  

The month of July has shown “promising” growth on Mintos. Total investments saw “a significant increase of €90.8 million worth of Notes funded, and interest earned by investors in July climbed to €4.1 million.” The average interest rate for July “stood at 12.7%, translating to… Read More

August 2, 2023 @ 10:32 pm By Omar Faridi  |  

C2FO, which claims to be one of the world’s on-demand working capital platforms, recently announced that on July 21, it “passed the $300 billion mark in total funding to its customers.” This record funding amount “reflects invoices paid an average of 31 days early via… Read More

August 2, 2023 @ 5:04 pm By Omar Faridi  |  

Novo, the “powerfully” simple financial platform for small businesses, announced the launch of Novo Funding, “offering small businesses a fast and flexible way to access working capital.” The company has also “secured a $125 million facility from Victory Park Capital (VPC), which will be used… Read More

July 31, 2023 @ 4:23 pm By Omar Faridi  |  

Passage reports that it has raised $6 million in order to launch an AI-driven Virtual World Builder. Funds were reportedly raised through private sale of its PASG token and will now “go towards the continuous development of the Passage world building platform, built with Cosmos… Read More

July 31, 2023 @ 8:19 am By Omar Faridi  |  

Immediate, an earned wage access company, announced a $16 million round of funding. These funds, split between growth equity and a working capital facility, will “enable Immediate to accelerate its growth trajectory in the workplace financial health sector.” Immediate explains that it “solves liquidity challenges… Read More

July 27, 2023 @ 8:24 pm By Omar Faridi  |  

Q-CTRL, a global firm focused on developing useful quantum technologies through quantum control infrastructure software, announced the addition of Morpheus Ventures as a new investor in their record-setting Series B funding round, which has raised $54 million USD. Morpheus Ventures, “known for its expertise in… Read More