African Web 3 super app startup Jambo raises US $7.5 million in seed funding
Jambo, a Congo-based firm that is creating Africa's web3 user acquisition gateway by democratizing access to crypto-based income-generation opportunities through "learn, play, earn," has acquired US $7.5 million in venture funding on 21st Feb 2022. Coinbase Ventures, Alameda Research, Tiger Global, Delphi Ventures, AllianceDAO, DeFiance Capital, Yield Guild Games, and Polygon Studios are among them. Sandeep Nailwal, co-founder and CEO...
Dealshare raises USD 45 million funding in Series E round
Dealshare, a Jaipur-based social commerce platform, received USD 45 million in funding on February 17, 2022. Abu Dhabi Investment Authority(ADIA) invested in the startup, raising its valuation to USD 1.7 billion. The funding comes as an extension of its Series E round. Earlier, the firm raised USD 210 million from various investors. Tiger Global, Kora group, Unilever Ventures were...
India-based Infibeam Avenues to enter into Fintech Startup Management Space
On February 16, 2022, Infibeam Avenues, a BSE listed Fintech solution provider based in India, announced its entry into "Fintech Management Startup Space." It became the first company to initiate and implement facility and project management services. The operations are to take place in the startup ecosystem of Gujarat. Its wholly-owned subsidiary Infibeam Project Management Private Limited (IPML) will carry...
Philippines-based Fintech startup PayMongo raises US $31 million in Series B
PayMongo, a Philippines-based fintech that allows businesses to accept digital payments, revealed on 21st Feb that it has received US$ 31 million in Series B funding and intends to grow throughout the region. JAM Fund, ICCP-SBI Venture Partners, Lisa Gokongwei's Kaya Founders, and returning investors, Global Founders Capital and SOMA Capital, are among the investors. According to the company,...
Reusable packaging startup Returnity raises US$ 3.1 million
Returnity raised US$3.1 million from Brand Foundry Ventures on 19th Feb, with additional funding from XRC Labs and others, to continue its work with Estée Lauder, New Balance, Rent the Runway, Walmart, and other brands to grow its operations. Returnity is based in Brooklyn, NewYork. What the founder has to say: “Returnity will double overnight, thanks to the investment, which will...
Cultural Ministry, India to promote start-up for Vision India@2047
Indian Cultural Ministry has decided to establish a startup community for Vision India@2047 on Feb 16, 2022. The Central Government's Vision India'47 will mark 100 years of Independence for the nation. In accordance with the Cultural Ministry, the startup community shall prepare a layout of requirements, growth, and development of the country. Execution of Start-up community via OTT Platforms The...
AR Live Streaming platform Beem raises US $4 million in seed funding
Beem, a London-based AR startup, has launched its new eponymous messaging app. The app uses the smartphone's rear camera to allow users to send AR video messages or broadcast in 3D. It does not currently have a two-way capacity, but CEO Janosch Amstutz thinks that is a near-term aim. The startup also revealed that it has raised US $4...
Jeff Bezos Invests in Indonesian based start-up Lummo
Lummo, an Indonesian-based start-up that provides software as a service company (Saas), has secured US$ 80 million in Series C funding. The funding comes from Amazon founder Jeff Bezos. It is Bezos's second investment in Indonesia. Bezos's personal investment firm- Bezos Expedition, invested in the firm. Previously, Bezos invested in B2B marketplace, Ula. Lummo earlier raised the amount from...
Germany-based Sustainable Delivery Startup Raises Liefergrün €3 million
Speedinvest sponsored a €3 million (Euros) seed investment for Liefergrün, a sustainable last-mile delivery platform, on 17th Feb. Liefergrün plans to use the funds to expand its personnel, improve its platform, and plan for the future. It develops its service to major European cities like London, Paris, and Madrid. Norrsken VC was also a part of the round. Liefergrün, which...
Brazilian-based fintech startup Trace Finance raises US$4.3 million
Trace Finance, a Brazilian fintech business that helps startups conduct cross-border banking more quickly and efficiently, has raised US$ 4.3 million in seed funding on 16th Feb 2022. Circle Ventures (the business behind USDC - a major USD-pegged stable coin with a US $50 billion fully diluted market valuation), The Chainsmokers (via their fund Mantis VC), and others, HOF Capital...
