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VCBay Weekly News Roundup – Fintech and Crypto startups raise sizeable funding

Fintech and Crypto startups

Welcome to VCBay Weekly News Roundup. Here are some important developments in the startup space and major funding rounds this week - Fintech  Berlin-based digital asset custody and financial services platform Finoa raised US$ 22 million in a Series A funding round on 30 April 2021.The funding was led by Balderton Capital, with participation from existing investors Coparion, Venture Stars and...

SoftBank leads USD 15 million round for China’s industrial robot maker Youibot

Plus One Robotics

Youibot, a Chinese four-year-old robotic startup announced on May 7, 2021, that it has received funding close to 100 million yuan which is equivalent to USD 15.47 million by SoftBank Ventures Asia.  In this funding round, Youibot obtained continuous investment from its previous investors-  SIG  and BlueRun and has raised more than 200 million yuan to date.  Youibot aims to use...

US-based speech therapy platform Expressable raises US$ 4.5M in a Seed funding round

speech therapy platform Expressable

US-based Expressable, a speech therapy solution that combines 1-on-1 teletherapy with its proprietary education platform, raised US$ 4.5M in a seed funding round on 7 May 2021. Investors: The funding was co-led by Lerer Hippeau and NextView Ventures, with participation from Amplifyher ventures. Purpose of the funding: The funds will be utilized by the company to expand its clinical provider network,...

Singapore based startup Xnergy raises USD 10 million

team

A Singapore-based wireless charging technology startup Xnergy has raised USD 10 million from FineWill in a pre-series A funding round as announced on May 8, 2021.  The funding is aimed to develop the Chinese market by launching a development center in Suzhou, China to produce and localize the next-generation product and develop an artificial intelligence platform.   About Xnergy Founded in 2017 in...

Stokal raises USD 3 Million in pre-series A funding

New  York-based fintech startup Stockal, which makes global investments for Indians possible, has announced that it raised USD 3 Million in pre-series A round on 07 May 2021. The funding round was led by Aroa Ventures with the participation of Cadenza Capital Management, July Ventures, Kristal.ai, Tracxn Labs and Credence Family Office.  After this fresh funding, the valuation of the...

California based Hwy Haul raises USD 10 million in series A funding

Hwy Haul, a supply chain logistics startup based in California, announced that it had raised USD 10 million on Friday in series A. The funding round was led by Eileses Capital and Bluepoint Ventures. The other participants in this funding round were True Blue partners and AgFunders and angel investors like Girish Mathrubootham, founder and CEO of Freshworks; Dheeraj Pandey,...

Bitso raises US$ 250 Million in Series C funding

Bitso, Mexico’s largest cryptocurrency platform, announced that it raised US$ 250 Million in a Series C funding round on 05th May 2021. The funding round was led by Coatue and Tiger Global. After this fundraise, the total valuation of the company is US$ 2.2 Billion. With this investment being made on the company, Bisto has become the largest fintech company...

Metafy added USD 5.5 million in its seed rounds

On Thursday (06.May.2021), Metafy, a US-based startup that provides competitive game players with a chance to monetise their gaming skills through providing coaching and courses. The startup has announced that it has added USD 5.5 Million in its seed fund to the existing amount of USD 3.5 million. This funding round was led by a trio of  Forerunner Ventures,...

Upshot – a platform for crowdsourced NFT appraisals raises US$ 7.5M in Series A round

Upshot

US-based Upshot, a blockchain-based protocol and platform that incentivizes experts to answer subjective questions honestly – enabling real-time NFT appraisals, raised US$ 7.5 million in Series A funding round on 6 May 2021. Investors: The funding round was co-led by Framework Ventures, CoinFund and Blockchain Capital with additional investments from Slow Ventures, Mechanism Capital, Delphi Digital, CMS Holdings, Stani Kulechov,...

IndiaTech.org releases policy proposal to regulate crypto in India

policy proposal to regulate crypto in India

IndiaTech.org, an industry association representing India’s technology start-ups, unicorns and investors to build a positive business and conducive policy and regulations, released a policy proposal framework on Wednesday to regulate crypto in India. This is a step towards providing clear definitions for the cryptocurrency industry. The association released a white paper including a policy proposal that has recommendations for a...