Deliverect, a Ghent, Belgium-based global scale-up that integrates and accelerates online orders for restaurants, acquired ChatFood, a Dubai, UAE-based leader in social media ordering, order and pay at table, and loyalty solutions. The amount of the deal was not disclosed. The acquisition enables Deliverect to extend and support social media, dine-in QR and direct channel… Continue reading Deliverect Acquires ChatFood
Author: FINSMES Online News
UVeye Raises $100M in Series D Funding
High-speed UVeye vehicle inspections UVeye, a Teaneck, New Jersey and in Tel Aviv, Israel-based pioneer in the development of automated vehicle-inspection systems for the auto industry, secured $100m in Series D funding. The round was led by Hanaco VC with participation from GM Ventures, CarMax, W.R. Berkley Corporation, F.I.T. Ventures L.P. and Israeli institutional investors. The company intends to… Continue reading UVeye Raises $100M in Series D Funding
Mayfield Raises $955M Across Two New Funds
Mayfield, a Menlo Park, CA-based early stage investor, raised a total of $955m across two venture capital funds. The $580m Mayfield XVII and the $375m Mayfield Select III follow the $750m raised by prior funds in March 2020, bringing the firm’s total assets under management to $3 billion. Mayfield XVII will continue the firm’s early… Continue reading Mayfield Raises $955M Across Two New Funds
Spread Raises $16M in Series A Funding
Spread, a Berlin, Germany-based engineering Intelligence startup for complex mechatronic products, raised $16M in Series A funding. The round was led by HV Capital with participation from existing investors Cavalry Ventures and angel investors Dylan Field, Figma Co-Founder & CEO, the founders of logistics unicorn Sennder, and Summit Partners founder Walter Kortschak. The company intends… Continue reading Spread Raises $16M in Series A Funding
Sound Ventures Closes AI Fund, At $240M
Sound Ventures, a Los Angeles, CA-based venture capital firm, closed Sound Ventures AI Fund, at nearly $240M. The fund seeks to invest in category-defining artificial intelligence businesses at the foundation model layer. The fund’s current portfolio includes OpenAI, Anthropic and StabilityAI. Sound Ventures AI Fund will invest alongside Sound’s early-stage funds. Sound manages over $1… Continue reading Sound Ventures Closes AI Fund, At $240M
Luca Software Raises $2.5M in Seed Funding
Luca Software, a San Francisco, CA-based startup that helps retailers make pricing decisions, raised 2.5m in Seed funding. The round was led by Menlo Ventures, with participation from Y Combinator, Soma Capital, Uber’s angel syndicate and strategic angels. The company intends to use the funds to scale out our data science and engineering teams, and… Continue reading Luca Software Raises $2.5M in Seed Funding
WPP Acquires amp
London, UK-based creative transformation company WPP acquired amp, a Munich, Germany-based sonic branding company. The amount of the deal was not disclosed. amp will join WPP brand and design consultancy, Landor & Fitch, adding to the agency’s expertise in delivering immersive brand identities that transform customer and employee experiences. amp’s expertise will strengthen WPP’s offer in… Continue reading WPP Acquires amp
Cyclic Materials Raises $27M in Series A Funding
Cyclic Materials, a Kingston, Ontario, Canada-based metals recycling company, raised $27M in Series A funding. The round, which brought the total amount to over $30M, was led by Energy Impact Partners and BMW i Ventures with participation from Fifth Wall, Bioindustrial Innovation Canada (BIC), and existing investor Planetary Technologies. The company intends to use the… Continue reading Cyclic Materials Raises $27M in Series A Funding
Karate Combat Raises $18M in Funding
Karate Combat, a sports league structured as a decentralized autonomous organization, raised an $18m funding round. The round was led by BITKRAFT Ventures, with additional participation from Delphi Digital, The Operating Group, Alpha Wave Global, Hashkey, Lattice, M13, Santiago R Santos, RookieXBT and others. Prior investors include the League’s founders, Packy McCormick’s Not Boring Capital,… Continue reading Karate Combat Raises $18M in Funding
Avalanche Energy Closes $40M Series A Funding
Avalanche Energy, a Seattle, WA-based fusion energy startup developing modular fusion micro-reactors, raised $40M in Series A funding. The round was led by Lowercarbon Capital, with major participation from Founders Fund and Toyota Ventures, Congruent Ventures, Grantham Foundation, Clear Path, Autodesk, MCJ Collective, the Climate Capital Syndicate. The company intends to use the funds to… Continue reading Avalanche Energy Closes $40M Series A Funding