Verto Health raises 2M CAD in seed funding 

Verto Health raises 2M CAD in seed funding

Toronto-based health-tech startup Verto Health has raised 2M CAD in a seed funding round held in August 2020, led by MaRS Investment Accelerator Fund (MaRS IAF). Other investors include Verstra Ventures, Amplify Capital, and undisclosed strategic investors dealing with digital health-tech. The fresh funding will be used to augment its sales and marketing teams across North America, develop its products...

Optical e-commerce giant Warby Parker raises US$ 245M in funding 

Optical e-commerce giant Warby Parker raises US$ 245M in funding

New York-headquartered startup Warby Parker has declared the closure of a combined Series F and Series G funding round in which it has raised US$ 245M. Out of the total funding amount, US$ 125M was led by Durable Capital Partners  (Series F ) in Q2-2020 and US$ 120M led by D1 Capital (Series G) in Q3-2020. Other investors include T. Rowe...

Chinese robot company Pudu Robotics raises US$ 15M in series B+

Pudu Robotics

China based delivery robot company Pudu Robotics, also called Pudu Tech raised US$ 15M in its series B+ funding round on 19 August 2020. The round was led by Sequoia Capital China. Others who participated include existing investors  Meituan, Everwin Investment, QC Capital and Chengbohan Fund. In July 2020, it had raised US$ 15M in series B round. The series...

Columbia based property startup Habi raises US$ 10M funding  

Columbia based property startup Habi

Columbia based property startup Habi secured an investment of US$ 10M on 28 Aug 2020. So far, Habi has raised around US$ 15.5M in total investments. The funding round was led by Inspired Capital. Moreover, other participants in the round were some of the top investment firms including Vine Ventures, 8VC, Homebrew, Clock Tower and Zigg. The coronavirus pandemic hasn’t affected...

Edtech company Byju’s raises US$ 122M from DST Global 

Byju's

India based edtech company- Byju’s raised US$ 122M from DST Global on 27 Aug. 20. In 2020 itself, Byju’s has secured US$ 545M in funds so far. Its valuation has jumped to US$ 10.5 billion. This funding comes after Byju’s raised US$ 23M from Mary Meeker’s BOND in late June. DST Global was founded by Russian Billionaire Yuri Milner. The...

Payments services provider Finix bags US$ 30M in Series B funding 

Payments services provider Finix bags US$ 30M in Series B funding

San Francisco-based FinTech startup Finix has raised US$ 30M in a Series B funding round held in August 2020, led by Lightspeed Venture Partners and American Express Ventures. So, the latest round brings the startup’s total funding to US$ 96M to date. Also, capital raised will be used to increase the headcount of the startup’s team by mid-2021. Founded in 2016...

Belgian startup Ampacimon raises €4M in funding 

Belgian startup Ampacimon raises €4M in funding

Belgium-based startup Ampacimon has raised €4M in a new funding round held in August 2020. It was led by Korys and existing investors Gesval, Creos, and Noshaq.  Proceeds from the round will scale up its growth through pioneering projects to develop new monitoring solutions, in particular for distribution networks. In order to achieve this, Ampacimon continues to invest in multiple...

Top 10 Incubators in India 

Top 10 Incubators in India

An Incubator, a term widely used in startup circles, is a company (often non-profit organizations) with the sole purpose of helping new and developing businesses to grow by providing services such as management training, mentoring, funding, office space and more. The startup culture in India has grown rapidly in the last 5 years and Incubators have played a very noteworthy role...

AI startup DataProphet raises USD 6M in Series A financing round to expand internationally

South Africa based Artificial Intelligence (AI) start-up, DataProphet which provide manufacturers with operations autonomy has announced on 25th August, 2020, that it has bagged USD 6M in series A financing round. The funds will be utilized to expand internationally. The company has previously secured VC funding from Yellow Wood Capital in the year 2016, before a further investment from Knife...

Online escrow platform TradeSafe raises an undisclosed amount of funding from Standard Bank

South Africa headquartered online escrow platform, TradeSafe which safeguards the buyer’s funds in trust in a transaction involving two or more parties has announced on 25th August, 2020, that it has secured an undisclosed amount of investment led by Standard Bank in exchange for 35% equity stake in the company. TradeSafe's escrow platform ensures funds are only released to the...