Insurance Startup Turtlemint raises USD 120 million in Series E Funding Round
Mumbai, India-based insurance advisor platform Turtlemint raised USD 120 million in Series E funding on April 29, 2022. Amansa Capital, Jungle Ventures, and Nexus Venture Partners led the funding for Turtlemint. Besides, the round saw participation from new investors, including Vitruvian Partners and Marshall Wace. So far, the insurance startup has raised USD 190 million. The valuation of the recent investment...
B2B Tech Platform Geniemode raises USD 28 million in Series B Funding
Gurguram, India-headquartered B2B cross border tech startup for lifestyle and goods, Geniemode, raised USD 28 million in Series B funding. The round took place on April 28, 2022. Tiger Global Management led the round for Geniemode. Meanwhile, the round saw participation from existing investor Info Edge Ventures. Purpose of Funding for Geniemode Geniemode plans to penetrate deeper into key international markets...
Seoul-based Ed-tech startup Glorang raises US $10 million in Series A
Glorang, a Seoul-based ed-tech startup that provides online after-school classes and extracurricular activities for students aged 3 to 18, announced on April 29th, 2022, that it had raised a US $10 million Series A funding round led by Korea Investment Partners and Murex Partners, as well as Japan's Pksha Capital. Glorang is now valued at roughly US $40 million thanks...
Kenya-based Solar Energy providing startup Sun King raises US $260 million in Series D
Sun King, the largest provider of solar energy products for off-grid homes in Africa and Asia, announced on April 27th 2022 that it had raised US $260 million in Series D funding, led by BeyondNetZero, General Atlantic's climate investing venture, as well as M&G Investments' Catalyst team and Arch Emerging Markets Partners. The company, which was founded in 2007 as...
Furniture and Home Decor Startup WoodenStreet raises USD 30 million in Series B Round of Funding
Jaipur, India-based online furniture and home decor platform WoodenStreet raised USD 30 million in the Series B round of funding. The round took place on April 27, 2022. WestBridge Capital led the funding for WoodenStreet. Consequently, the startup's valuation soared to USD 156 million (INR 1200 crore). The funding was a mixture of primary and secondary investment. Under secondary investment,...
Med-tech Platform 52 North Health raises GBP 1 Million in First Round of Funding
U.S. and U.K-based med-tech startup 52 North Health raises GBP 1 million in the first round of funding. The round took place on April 28, 2022. Cambridge Enterprise, the commercialisation arm of the University of Cambridge, led the round for 52 North Health. Meanwhile, Crista Galli Ventures, King's Health Partners MedTech Innovations, Meltwind, Milltrust Ventures participated in the funding. The...
Scotland-based seafood trading platform Rooser raises US $23 million
Fish trading start-up in Scotland, Rooser, which seeks to speed up fish sales transactions and reduce waste, received more than US $23 million (£17 million) in funding from investors on April 24, 2022. The Edinburgh-based online platform for fish dealers has received funding from Index Ventures, Google Ventures, and Point Nine Capital. Its processing staff is based in the northern...
India-based Telehealth platform Truemed raises US $22 million in Series B
Truemeds, a telehealth platform, closed a $22 million Series B investment round on April 26th, 2022, sponsored by private equity firm Westbridge Capital. Existing investors such as InfoEdge Ventures, Asha Impact, and IAN Fund took part in the fresh investment round. The round was oversubscribed by new and existing investors alike. The cash will be used to help the company expand...
New York-based Web 3 security firm CertiK raises US $60 million in Series B3 round
CertiK, the world's top Web3 and blockchain security company, announced on 23rd April 2022 that SoftBank Vision Fund 2 and Tiger Global have invested another US $60 million in the company. SoftBank is making its first foray into the Web3 security market with this acquisition. CertiK raised US $88 million in a Series B3 round headed by Insight Partners, with...
UAE-based fintech startup Zenda raises US $9.4 million in seed round
Zenda, a fintech app for school fees, has raised US $9.4 million in a seed round with STV, COTU, Global Founders Capital, and VentureSouq as investors on 25th April 2022. Zenda is now addressing school fee payment difficulties, specifically the lack of convenience and flexibility in payment alternatives for parents and inadequate payment collection for schools. The funding would be...
