Mexico-based fintech startup Stori raises USD 200 million in Series C financing
Stori, a credit card-led fintech startup, has raised USD 125 million in a Series C equity funding round co-led by global VC GGV Capital and growth-stage investor GIC on 11 November 2021. In addition to equity, the company has also raised USD 75 million in debt financing from impact-focused debt capital provider Community Investment Management. Investor: Global VC GGV Capital and...
Uganda-based startup Zembo raises USD 3.4 million in the latest funding round
Uganda-based Zembo, an e-mobility startup that manufactures, sells and distributes electric motorcycles, raised USD 3.4 million on 12th November. Investors: CFAO group, DOB Equity, Mobility 54 Investment SAS, and InfraCo Africa have invested USD 3.4 million in the company. Purpose of funding: With the new investment, Zembo will be able to scale up and attract further private sector investment in the...
India-based Online BioFuel Marketplace Buyofuel raises Over USD 215K in Seed round
India’s 1st online marketplace for all types of biofuels and wastes, Buyofuel, has raised over USD 215K (INR 1.6 crore) in a Seed funding round led by Inflection Point Ventures on 11 November 2021. Investors: One of India's largest growing angel investment platforms, Inflection Point Ventures, led the latest funding round. The Objectives behind the funding: The company plans to deploy...
India-based EV charging platform ElectricPe raises USD 3 million in Seed round
ElectricPe, a Bengaluru-based EV charging platform, has raised USD 3 million in a seed funding round co-led by Blume Ventures and Micelio Fund on 11 November 2021. Investors: Blume Ventures and Micelio Fund co-led the latest funding round with participation from many prominent angel investors, including Anshuman Bapna (Terra.do), Mukul Rustagi (Classplus), Anupam Mittal (Shaadi.com), Ashish Goel (Urban Ladder), Bhuvan...
German logistics startup Hive raises USD 34 million in series A round
Germany-based Hive, an e-commerce startup assisting D2C brands with business management, raised USD 34 million on 11th November. Investors: New investor Tiger Global Management led the new round of funding. Activant Capital is unique to this round, joining existing investors Earlybird Venture Capital, Picus Capital and AMPLIFIER. Hive receives USD 34 million with this financing round, and its valuation rises...
US-based startup Daily secures US$ 40M in Series B funding
Daily, a Silicon-valley based WebRTC developer platform offering today’s video and audio experiences has secured US$ 40 million in a Series B funding round led by Renegade Partners on 10 November 2021. Investors: The latest funding round featured Renegade Partners as the lead investor with participation from Tiger Global Management, Slack Fund, Root Ventures, Moxxie Ventures, Heritage Group, Haystack and high...
US-based health startup Viome raises USD 54 million in pre-series C convertible funding round
Viome, a Washington based gut health startup, has raised USD 54 million in a pre-series C convertible funding round from Ocgrow Ventures and many existing investors on 10 November 2021. This round brings Viome’s total raised funds to over USD 125 million. Investors: New investor, Ocgrow Ventures and existing investors including Khosla Ventures, WestRiver Group, Glico, Physician Partners and Bold...
US-based Socure raises USD 450 million in series E round
US-based Socure, an identity verification startup based on machine learning and artificial intelligence, raised USD 450 million on 9th November. Investors: Accel led the Series E round alongside T. Rowe Price Associates, Inc. Two new investors have also joined Bain Capital Ventures and Tiger Global, along with Commerce Ventures, Scale Venture Partners, and Sorenson Ventures. Purpose of funding: The funds primarily...
US-based Cerebras Systems raises USD 250 million in series F funding
US-based startup Cerebras Systems, which develops massive computing chips for artificial intelligence (AI), raised USD 250 million on 11th November. Investors: Alpha Wave Ventures and Abu Dhabi Growth Fund (ADG) led the Series F round. Altimeter Capital, Benchmark Capital, Coatue Management, Eclipse Ventures, Moore Strategic Ventures, and VY Capital join the round. In total, Cerebras Systems has raised $720 million. Purpose...
US-based enterprise automation platform Workato secures US$ 200M in Series E funding
Workato, a California-based enterprise automation platform assisting corporations in working smartly and faster without sacrificing security and governance, has secured US$ 200 million in a Series E funding round led by Battery Ventures on 10 November 2021. Investors: The latest investment round featured Battery Ventures as the lead investor with participation from Tiger Global Management, Redpoint, Insight Partners, Geodesic Capital and...
