African startup MFS Africa raises USD 100 million in series C round
South Africa-based MFS Africa, a fintech company offering financial products to all electronic users, raised USD 100 million on 10th November. Investors: The company raised US$100 million in equity and debt funding. AfricInvest FIVE co-led the round with Goodwell Investments and LUN Partners Group ("LUN Partners"). CommerzVentures, Allan Gray Ventures, Endeavor Catalyst and Endeavor Harvest invested as well, with ShoreCap...
Denmark-based EdTech startup Female Invest raises GBP 3.3 million in Seed round
Female Invest, a Denmark-based EdTech platform, has raised GBP 3.3 million in a seed funding round from a syndicate of prominent investors, including Y Combinator and Dr. Fiona Pathiraja, on 9 November 2021. Investors: A syndicate of prominent investors including Y Combinator, Green Visor Capital Management Co., New Theory Ventures, 10x Value Partners, Holly Liu, Dr Fiona Pathiraja, Igor Kim,...
US-based HealthTech startup Color raises USD 100 million in Series E round
Color, a California-based healthtech company, has raised USD 100 million in a Series E funding round led by Kindred Ventures on 9 November 2021. This round brings Color to USD 378 million in total financing, with a valuation of USD 4.6 billion. Investors: Kindred Ventures led the latest funding round with participation from existing investors General Catalyst, Viking Global Investors, and Emerson...
US-based startup Cradlewise secures US$ 7M in Seed funding
Cradlewise, a Silicon Valley-based startup providing an innovative cradle with integrated contactless baby monitoring and responsive rocking, has raised US$ 7 million in a Seed funding round led by Footwork on 9 November 2021. Investors: The latest investment round featured Footwork as the lead investor with participation from SOSV, CRV, Better Capital and other high profile investors such as Dilip Goswami,...
US-based Sirona Medical raises USD 40 million in series B funding
US-based Sirona Medical that develops software solutions to improve radiology practices and businesses, raised USD 40 million on 9th November. Investors: GreatPoint Ventures led the funding round, with Rose Park Advisors and Avidity Partners joining and previous investors 8VC and Global Founders Capital. In total, more than USD 60 million has been raised. Purpose of funding: Product development, customer onboarding, and...
Top 10 E-Commerce Startups in UAE
Changing consumer habits during the Covid-19 pandemic has accelerated the growth of digital shopping. Also, the rising internet penetration is bolstering the smartphone using population across the world and positively impacting the market growth. According to Grand View Research, the global e-commerce market is projected to grow at a CAGR of 14.7% from 2020 to 2027. The UAE retail e-commerce market...
England’s AudioMob raises USD 14 million in series A round
England-based AudioMob enables game developers to monetize their games with ads that don't interrupt gameplay and raised USD 14 million on 9th November. Investors: Leading the Series A round is the Makers Fund and Lightspeed Venture Partners. Other investors include Sequoia Capital and Google. A total of USD 16 million has now been invested. Purpose of funding: Using the new funding,...
Construction operations platform Assignar secures US$ 16.5M in secondary market financing round
Assignar, a US-based SaaS platform assisting construction contractors in operating with greater efficiency, safety and productivity, has secured US$ 16.5 million in a secondary market financing round co-led by Tiger Global Management, SecondQuarter Ventures and John Curtius on 8 November 2021. Investors: The latest funding round featured Tiger Global Management, SecondQuarter Ventures, and John Curtius as the lead investors with HighSage...
Virginian cybersecurity startup SCYTHE raises USD 10 million in series A
Virginia-based startup SCYTHE developed next-generation red team software to continually and realistically assess enterprise risk, raised USD 10 million on 8th November. Investors: Gula Tech Ventures and Paladin Capital Group led the Series A funding. Additionally, Energy Impact Partners (EIP) invested in the Series A round, which entails that an EIP's management team member will become an observer on the...
Pakistan-based startup Udhaar Book raises USD 6 million in seed round
Udhaar Book, a Karachi-based app for Pakistan’s small businesses, raised USD 6 million in a seed funding round led by Fatima Gobi Ventures on 8 November 2021. Investors: Pakistan’s Fatima Gobi Ventures (FGV) led the latest funding round with participation from Plaid co-founder WilliamHockey’s Muir Capital, Tinder Co-Founder Justin Mateen’s JAM Fund, Atlas Ventures, Commerce Ventures, Liberty City Ventures, Integra...
