Edtech startup FrontRow raises USD 14 million in Series A round

FrontRow, a learning platform for non-academic skills, raised 14 million in a Series A funding round led by Eight Roads Ventures and GSV on 22 September 2021.  Investors: Eight Roads Ventures and GSV co-led the current round with participation from angels such as Vishal Dhadlani, Raftaar, Kunal Shah, Gaurav Munjal, Farid Ahsan, and multiple leaders across the startup and entertainment...

France based SaaS startup Mirakl raises USD 555 Million in Series E round

Mirakl, a French SaaS startup, raised USD 555 million in a Series E funding round led by Silver Lake on 21 September 2021. With new funds the company has increased its valuation to more than USD 3.5 billion. Investors: Silver Lake led the current funding round with existing investors, including 83North, Elaia Partners, Felix Capital, and Permira.  The objectives behind funding:...

Egypt based Cartona gets USD 4.2 Million in a pre-Series A round

Egypt-based Cartona announced that it raised USD 4.2 Million pre-Series A round. This funding round was led by Global Ventures, a Dubai-based VC firm.

Killing the Password: Evolution or Redundancy?

All of us have gone through the chagrin of forgotten passwords and would be very happy to kill the password needed for digital access. Security breach, hacking, stolen data, identity theft etc., are increasing telling us that passwords are the weakest link in cybersecurity. Passwords are not just a challenge for individual users but also for organisations and static...

An aerial imagery and earth observation startup, Near Space Labs, raises USD 13M in Series A round

Near Space Labs, a New York-based startup announced on 20 September 2021 that it has brought  USD 13M in a Series A funding round led by Crosslink Capital. Investors: Crosslink Capital led the current round with participation from Toyota Ventures. In addition, existing investors, including Leadout Capital and Wireframe Ventures also contributed to this round. Moreover, Phil Boyer, Crosslink Partner,...

Pakistan based edtech startup Maqsad raises USD 2.1 million in pre-seed round

Maqsad, a Pakistani edtech startup, brings USD 2.1 million in a pre-seed funding round led by Indus Valley Capital on 20 September 2021. Investors: Indus Valley Capital led the current round. In addition, Alter Global, Fatima Gobi Ventures, and several other individual founders from Pakistan and the Middle East also contributed to this round. The objective behind the funding: The startup...

Everything You Need to Know About Ghost Kitchens

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Ghost kitchens can be thought of as restaurants operating as digital storefronts, with a handful of back-of-house staff that work on fulfilling online orders. Ghost kitchens have become the defining trend of the restaurant industry and research firm Euromonitor predicts that they will turn into a US$1 trillion industry within the next decade.

Jerusalem based startup Lightricks raises USD 130 million in a Series D round

Lightricks, a Jerusalem-based software startup, raised USD 130 million in a Series D funding round co-led by Insight Partners and Hanaco Venture Capital on 19 September 2021. Investors: New York-based firm Insight Partners and Hanaco Venture Capital co-led the latest funding round. In addition, existing investors, including Goldman Sachs Asset Management, Clal Tech, Harel Insurance and Finance and Greycroft, and...

Karnataka Govt’s Venture Fund invest an undisclosed amount in Indian Medtech startup Fibroheal Woundcare

Medtech startup Fibroheal Woundcare raised undisclosed funding from Karnataka Information Technology Venture Capital Fund (KITVEN) on 19 September 2021. Investors: Karnataka Information Technology Venture Capital (KITVEN), venture fund arm of the Karnataka government, invests in the current round. The objective behind the funding: The Bengaluru-based startup plans to deploy the proceeds to strengthen its manufacturing and delivery capabilities and cater more extensively to...

California and Bangalore-based SaaS Bidgely raises USD 26 million in Strategic Financing round

Bidgely, a California-Bangalore based software-as-a-service (SaaS) startup, has secured USD 26 million in a strategic financing round held on 17 September 2021. Investors: Moore Strategic Ventures led the financing round, which was accompanied by Accurant International, as well as existing investors Future Energy Ventures, Georgian and Constellation Technology Ventures. The objectives behind the funding:  The startup plans to deploy the proceeds...