Axiom acquires legal technology company Plexus Engage
The U.S.A-based global leader in high-calibre, on-demand legal talent, Axiom acquired Plexus Engage. The company announced the acquisition on November 7, 2022. However, it did not unveil the amount of the acquisition. Purpose of acquisition by Axiom The latest purchase of Plexus Engage allows Axiom to advance further its long-term M&A as well as geographic expansion plans. Besides, it gets entry into...
U.S.A-based AutoLeadStar raises USD 40 million in a growth round
Miami, the U.S.A-based digital customer data and experience platform for the automotive industry, AutoLeadStar, raised USD 40 million in a growth round. The company raised funds on November 7, 2022. Riverwood Capital led the financing for the firm. Meanwhile, the company saw participation from existing investors, PICO Venture Partners, Target Global, and Aleph. Purpose of funding by AutoLeadStar With the latest...
Software Development – The Complete Guide
The role of software development has been changing over the years. In the past, it was just an engineer’s job to write code and manage a project. Nowadays, custom software development are also expected to be creative, innovative and skilled at communicating with people. This is why so many new roles have been created in this industry - such...
Chicago-based cloud fulfillment platform Logiwa raises USD 26.4 million in Series B funding
Chicago- Logiwa, the premier cloud fulfillment platform for high-volume direct-to-consumer (DTC) and omnichannel enterprises, announced the completion of its Series B fundraising, headed by Prologis Ventures and BAM Elevate. Logiwa has raised more than USD 26.4 million in Series B finance to continue expanding as a supplier of end-to-end e-commerce fulfillment solutions. Logiwa earlier disclosed a USD 16.4M round of...
New York-based luxury accessories startup Vivrelle raises USD 35 million in Series B funding
NEW YORK, Nov. 4 — Vivrelle, the first-of-its-kind membership club that gives members access to a shared closet of designer handbags and accessories, announced today the completion of a USD 35 million Series B financing round led by 3L Capital, with participation from Origin Ventures, Chapford Capital Group, Plus Capital, actresses Lily Collins and Nina Dobrev, and personality and...
Biotechnology company AI Proteins raises USD 18.2 million in Seed funding
Boston, the U.S.A-based biotechnology company AI Proteins raised USD 18.2 million in recent funding. The oversubscribed seed round took place on November 3, 2022. Cobro Ventures and Lightchain Capital co-led the financing for the firm. Purpose of financing for AI Proteins With the latest funding from the seed round, the company aims to expand its operations. It also has plans to...
U.K-based Dropit closes Series C round at USD 25 million
London, UK-based omnichannel retail technology company, Dropit closed its Series C round at USD 25 million. The company announced the closure on November 3, 2022. Vault Investments led the financing for the firm. Meanwhile, the round saw participation from Tiga Investments, Axentia, and Sugarbee. So far, the total funding of the company amounts to USD 50 million. Purpose of financing for...
British Columbia-based carbon reduction platform Audette raises USD 9.5 million in funding
VICTORIA, BC—- Audette, a proptech business that develops data-driven decarbonization strategies for commercial real estate portfolios, has acquired USD 9.5 million in investment from a consortium of top cleantech investors. The seed round, led by Chicago-based Buoyant Ventures and including Energy Impact Partners, Johnson Controls, Active Impact Investments, Osgoode Properties, Powerhouse Ventures, Turnham-Green Capital, and Undivided Ventures, will be used...
New Jersey-based FLX Networks raises USD 10 million in strategic funding
BERNARDSVILLE, N.J., November 3, 2022 — FLX Networks, the technology platform redefining asset and wealth management firm interaction, announced a USD 10 million capital raising today. The USD 50 million growth equity transaction was managed by global investment management Barings, with participation from industry stalwarts Allianz Life Ventures and Broadridge Financial Solutions (NYSE: BR). The increase demonstrates cross-industry trust in...
Cloud-Native application security platform Apiiro raises USD 100 million in Series B
Tel Aviv, Israel, London, UK, and New York, U.S.A-based provider of Cloud-Native application security platform, Apiiro raised USD 100 million in recent funding. The Series B round took place on November 3, 2022. General Catalyst led the financing for the firm. Meanwhile, the round saw participation from Greylock and Kleiner Perkins. Purpose of financing for Apiiro With the latest capital injection...
