Phrase, a Prague, Czech Republic-based cloud localisation software provider, raised €12M Debt Financing. CIBC Innovation Banking provided the financing. The company intends to use the funds to further develop its AI-driven language technology. Led by CEO Georg Ell, Phrase specializes in cloud-based localization solutions that enable organizations of all sizes to open the door to global… Continue reading Phrase Raises €12M Debt Financing from CIBC Innovation Banking
Author: FINSMES Online News
Flash Raises $6M in Seed Funding
Flash, a Cairo, Egypt-based provider of a cashless payments app, raised $6M in Seed funding. The round was led by Addition with participation from Flourish Ventures and other angel investors. The company intends to use the funds to accelerate product development and customer & business acquisition in Egypt. Founded by Uber alumni Erik Gordon and Sherine Kabesh… Continue reading Flash Raises $6M in Seed Funding
Mascotte Health Raises $1.2M in Pre-Seed Funding
Mascotte Health, a Miami, FL-based veterinary tech startup, raised $1.2M in Pre-Seed funding. The round was led by Nuwa Capital with participation from angel investors from Uber, Turo, and Airbnb. The company intends to use the funds to continue to expand operations and its development efforts expand their tech-enabled services for partner practices and launch… Continue reading Mascotte Health Raises $1.2M in Pre-Seed Funding
Distributed Ventures Closes $100M First Fund
Distributed Ventures (which was born out of NFP Ventures), a Chicago, IL-based early-stage venture capital firm, closed its first fund, at $100M in total commitments. Limited partners include insurance carriers, insurance brokerages, current as well as former insurance executives and private family offices. The fund will focus on early-stage venture investments spanning insurtech, healthtech, and fintech… Continue reading Distributed Ventures Closes $100M First Fund
Verity Raises Additional $11M in Series B Funding
Verity, a Zürich, Switzerland-based autonomous indoor drone company, raised additional $11M in Series B funding. The round was led by A.P. Moller Holding, with participation from Qualcomm Ventures, Exor Ventures, Fontinalis Partners, Airbus Ventures, Sony Innovation Fund, ROBO Global Ventures and Verve Ventures. The company intends to use the funds to expand its business reach… Continue reading Verity Raises Additional $11M in Series B Funding
Good Capital Launches $50m Fund To Back AI Startups In India And Their Early Investments
Good Capital, an India-focused seed-stage venture funding firm, has announced the launch of a new $50 million fund to help startups that utilize AI for marketing, consumer personalization, or business management. Good Capital states that during the next four years, the capital will get invested with target checks of up to $1.5 million. According to… Continue reading Good Capital Launches $50m Fund To Back AI Startups In India And Their Early Investments
ChipFlow Raises £1.2M in Pre-Seed Funding
ChipFlow, a Cambridge, UK-based startup building an open source semiconductor chip design platform (PaaS), raised £1.2M in pre-seed financing. The round was led by Fontinalis Partners with participation from Fuel Ventures, InMotion Ventures, APX, and others. The company intends to use the funds to expand its team, hiring engineering talent to further enhance its open-source… Continue reading ChipFlow Raises £1.2M in Pre-Seed Funding
Boxhub Raises $12.4M in Series A Funding
Boxhub’s Leadership Team (L-R) Bryan McEire, CTO; Maximilian Birner, Co-Founder & CEO; Tarun Somani, COO Boxhub, a New York-based online marketplace for shipping containers in the United States, raised $12.4M in Series A funding. The round was led by AlleyCorp, with participation from Solasta Ventures, Interplay VC, FJ Labs, and Hum Capital. Boxhub added AlleyCorp Partner… Continue reading Boxhub Raises $12.4M in Series A Funding
Parabola Raises $24M in Series B Funding
Parabola, a San Francisco, CA-based provider of a collaborative data tool enabling non-technical teams to automate solutions for manual processes, raised $24M in Series B funding. The round was led by OpenView, with participation from existing investors Matrix and Thrive Capital. Additional new investors included Flexport, Webflow, and the founders of Harry’s, Warby Parker, and Allbirds. OpenView’s Blake Bartlett will join… Continue reading Parabola Raises $24M in Series B Funding
Honey Homes Raises $9M in Series A Funding
Vishwas Prabhakara, CEO Honey Homes, a Lafayette, CA-based membership service delivering complete home upkeep and maintenance, raised $9m in Series A funding. The round, which brought total funding raised to over $12.1m, was led by Khosla Ventures with participation from Pear VC, Teambuilder Ventures, and Moving Capital, along with DoorDash co-founders Tony Xu and Stanley… Continue reading Honey Homes Raises $9M in Series A Funding