Game on – vertical social platform for youth sports Heja scores a US$ 4.2M seed round
- 140,000 sports teams use the app giving a global audience of 1.5bn people - Growth of up to 150% forecast as lockdowns begin to ease Stockholm, Sweden-based Heja, the vertical social platform for Team Sport communication, has scored a US$ 4.2M seed round led by Amsterdam-based Peak Capital. Peak is joined by existing investors, including Luminar Ventures, Bonnier Ventures, Inbox...
Etsy to acquire resale marketplace Depop to attract Gen Z customers
Marketplace for kitschy and creative DIY goods, Etsy recently announced that it is acquiring Depop, a hippy and thrifty marketplace for resale goods, for US$ 1.6B, the most expensive deal for Etsy to date. The buyout is expected to close during the third quarter of 2021. Reason behind the acquisition: Explaining the rationale behind the purchase of Depop, Etsy said...
Good Startup raises USD 25 Million in a funding round
Singapore-based, Good Startup, a venture capital firm, raised USD 25 Million in the Good Protein Fund I, as it calls the round. It is a Venture Capital fund that intends to invest in startups focusing on finding protein alternatives in Southeast Asia. This funding round was led by, chairman of Symphony Asia Holdings, Anil Thandani; chairman of Kim Seng Holdings,...
Founders checklist for a successful startup funding round
Without raising external sources of funding, the majority of startups die. The process of raising funds is an indispensable and exciting one, but at the same time, it is pretty time-consuming and tiring. Starting from deciding which investors to approach till closing the deal, the process is never easy. And it doesn’t end there. The legal procedure and due...
Sharpen Technologies raises USD 14 Million in a funding round
CEO of Sharpen Technologies, Bill Gildea, announced that the company raised USD 14 Million in a funding round. This funding round was led by Multiplier Capital and Bridge Bank, with the participation of the existing partner, Cultivation Capital. The company will utilize this fundraising to support and increase the company’s growth by distributing it across all the departments. After this round,...
Flink raises USD 240 million in Series A
Germany based Flink, a grocery delivery startup, raised USD 240 million in a Series A funding round. The funding round was led by BOND, a San Fransisco based technology investor; Prosus, a Dutch consumer internet investor, and Mubadala Capital, an arm of Abu Dhabi's sovereign wealth fund. Flink is a platform that has grown at an explosive rate in this...
Internet of Things in Retail
Internet of Things in retail will create new solutions impacting the way promotions, services and efficiencies are achieved in retail
SentinelOne files for IPO of USD 100 million
On June 4 2021, SentinelOne, a security company, announced that it has filed for an IPO on the New York Exchange (NYSE). The startup helps companies to secure their data using machine learning and AI. In the S-1 filing, the company stated that their revenue increased by 108% in three months ending on 30th April to USD37.4 Million and the...
Five star finance raises USD 234 million in a funding round
Five Star Finance, one of the leading lenders for small business in India, announced that it has raised USD 234 Million in a funding round. The round was led by Sequoia Capital India. The round also saw the participation of Norwest Venture Partners, KKR, TVS capital fund. After this investment, the company was valued at USD 1.4 Billion. The company plans...
Artha Venture Fund closes its debut fund round at INR 220+ crores
On Thursday, Mumbai based Artha Venture Fund (AVF), announced that it closed its debut fund at INR 220+ crores (USD 30 million), and plans to invest this amount in 12-15 startups in the span of 2021-22. More than 50 limited partners (LPs) participated in this funding round. The investment round got most of the amount from the family offices and...
