UK-based startup Sylvera raises USD 32 million in Series A round

Sylvera, a UK-based startup that uses machine learning tools to track the performance of carbon offsets, has raised USD 32 million in a Series A funding round co-led by Index Ventures and Insight Partners on 25 January 2022. The company has raised USD 39.5 million to date. Investors: Index Ventures and Insight Partners, a New York-based global private equity and...

US-based Instant mobile app platform Vajro raises USD 8.5 million in Series A

Vajro, a US-based instant mobile app platform that lets users create instant mobile shopping apps for their e-commerce stores, raised USD 8.5 million in a Series A funding round from US-based Five Elms Capital on 25 January 2022. Investor: Five Elms Capital is a global growth equity firm that invests in fast-growing B2B software businesses. Five Elms offers capital and...

Polish healthtech startup Infermedica raises USD 30 million in Series B

Poland-based Infermedica, an AI-driven healthtech platform providing users with pre-diagnosis and triage services powered by AI, raised USD 30 million on 26th January 2022. Investors: The investment round was led by One Peak and supported by existing investors Karma Ventures, European Bank for Reconstruction and Development, Heal Capital, and Inovo Venture Partners. The startup has raised USD 45 million, including...

UK-based AI startup InstaDeep raises USD 100 million in Series B

UK-based InstaDeep, an Artificial intelligence-based system that provides businesses with solutions to some of the most challenging industrial problems, raised USD 100 million on 25th January 2022. Investors: The investment round was led by some major investors, including Alpha Intelligence Capital and CDIB. Additionally, several investors, including BioNTech, Chimera Abu Dhabi, Deutsche Bahn's DB Digital Ventures, Google, G42, and Synergie,...

Income tax on Bitcoin in India explained

In simple terms, cryptocurrencies refer to digital currencies to buy products and services. This is very much like fiat currencies and used for the transaction. Since their launch, cryptocurrencies have been controversial because of their model of decentralization. What does decentralization mean? There is no intermediary between such transactions. Any banking or financial institution governs such transactions. Today, we have...

Eleven Ventures raises €60m fund to invest in South-Eastern Europe based startups 

Eleven Ventures, a Bulgarian venture capital firm that focused on pre-seed and seed investing in South-Eastern Europe (SEE), has announced the final closing of ‘Eleven Fund III’ at Euro 60 million on 24 January 2022. The venture capitalist has raised 10x the size of its previous fund accumulated in 2018. Investors: 80 percent of the new fund's backers were repeat...

Singapore-based mental healthcare startup Intellect raises USD 10M in Series A

Intellect, a Singaporean mental health startup focused primarily on Asia-Pacific markets, has raised USD 10 million in a Series A round led by HOF Capital on 25 January 2022.  Investors: HOF Capital led the latest funding round with participation from Headline, East Ventures, MS&AD Ventures, DG Daiwa Ventures and Pioneer Fund. Many prominent angels such as Shopback co-founder and CEO...

Belgium-based food delivery startup Deliverect raises US$ 150M in Series D

Deliverect, a Ghent-based startup striving to streamline the food delivery service options by building an online order management platform, has raised US$ 150 million in a Series D investment round co-led by Alkeon Capital and Coatue Management on 24 January 2022. Investors: The latest investment round featured Alkeon Capital and Coatue Management as the lead investors with participation from SmartFin, Redpoint...

US-based Insurtech startup Sayata raises USD 35 million in Series A extension

US-based Sayata, an insurtech platform that helps insurance brokers grow their commercial book by automating the quote-bind-issue process, raised USD 35 million on 24th January 2022. Investors: The investment round was led by Pitango Growth and Hanaco Ventures, with existing investors Team8 Capital, Vertex Ventures, Elron Ventures, and OurCrowd. Total capital raised has reached USD 52 million with this round,...

Indian HR Tech startup Darwinbox raises USD 72 million in Series D

India-based Darwinbox, a leading cloud-based Human Resources Management System (HRMS) for automating the entire employee lifecycle in a single platform, raised USD 72 million on 25th January 2022. Investors: Technology Crossover Ventures led the investment round, including Salesforce Ventures, Sequoia, Lightspeed, SCB 10X, JGDEV, Endiya Partners, and 3One4Capital. The startup has raised more than US$ 110 million in total, making...