2021 has just begun and for many companies, it is proving to be a great one with new investments flowing in. These are some of the companies that secured US$ 100 million plus funding recently:
Quantum Metric raises US$ 200 million capital
Colorado, Springs based Quantum Metric, a cross device intelligence platform particularly designed for identifying high-value revenue opportunities, announced securing around US$ 200 million funding in a Series B round on 8th January 2021. This Series B funding round brings the valuation of the company to more than US$ 1 billion.
The funding was led by Insight Partners and was also joined by a few other backers whose names are not disclosed.
Quantum Metric will use the new funds for investing in their product development, supporting teams for enabling the output for their scaling customer base in a better way with continuous product design.
Quantum Metric was founded in 2015, by Mario Ciabarra. The startup provides a cloud based solution for building digital products and then tests and fixes them in real time for improving how they work.
Mambu banking software raises US$ 135 million funds
Berlin, Germany based SaaS banking software Mambu announced securing US$ 135 million investment on 7th January 2021. The newly released capital increases the valuation of Mambu to US$ 2.1 billion.
The investment round was led by TCV with Arena Holdings and Tiger Global’s participation. It was also joined by the previous investors Runa Capital, Acton Capital Partners and Bessemer Venture Partners.
The enterprise plans to use the fresh funds for fuelling their growth and expanding their geographic footprint with a prime focus on countries like Japan, USA and Brazil. They will also double their workforce to 1,000 from the present 500 staff they presently have.
The Berlin headquartered Mambu was founded in 2011 by Eugene Danilkis, Sofia Nunes and Frederik Pfisterer and is a Software as a Service banking engine powering solution that innovates landing and deposits.
News app News Break closes US $115 million funding round
News Break, a mountain view California based news app that delivers relevant local news powered by artificial intelligence news aggregators announced gaining US$ 115 million funding on 7th January 2021.
The investment round was led by Francisco partners and included the participation of IDG CAPITAL. Francisco Partners is also taking a seat on board of News Break with this investment deal.
Jeff Zheng founded News Break in 2015 for connecting and empowering local news, local businesses and local content creators at large. The recent funding round press release claims News Break to be one of the first new unicorns of this year.
Salesloft secures US$100 million investment
The Atlanta, Georgia based sales management platform SalesLoft raised US$ 100 million funding on 6th January 2021 which brings its valuation to US$ 1.1 billion.
The round was led by Owl Rock Capital and was joined by other investors that include HarbourVest Partners, Insight Partners and Emergence Capital.
The new capital will be invested in scaling the products expanding into new domains and product innovation.
Founded by David Cummings, Tim Dorr, Rob Forman and Kyle Porter in 2011, SalesLoft is a sales engagement solution that helps the sales professionals in communicating building pipeline and managing the deals.
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