India adds one more startup to its Unicorn List as Groww raises US$ 83M in funding
India-based Groww, an investment platform that offers a new way of investing money with stockbroking and direct mutual funds, raised US$ 83M in a Series D funding round. The startup has reached a US$ 1 billion valuation becoming India’s latest startup to achieve unicorn status. Groww was valued at US$ 250M in September last year. Investors: The funding round was...
Getting started on your Global Expansion Plans
In my previous article, I talked about 7 reasons to take your startup global. However, expanding into other countries doesn’t just happen. It takes a long time to research, understand the market, laws of a foreign land, and deal with significant challenges and risks. You probably have numerous questions and don’t know where to start with your planning. Here are...
Creator’s platform Patreon Inc. hits US$ 4B valuation as it raises fresh funding
Patreon Inc., an online platform that connects musicians and other creators with their fans, raised US$ 155M at a valuation of US$ 4 billion in its latest investment round on 7 April 2021. Its valuation more than tripled since September last year. Investors: The funding round was led by new investor Tiger Global Management, with participation from Woodline Partners and...
Everything You Need to Know About SPACs
2020 was a phenomenal year for SPACs, which raised $83 billion (USD) through SPAC IPOs, which is 1.77 times more than the amount raised between 2009 and 2019. Just four month in 2021, and there’ve already been 299 SPAC IPOs which have raised $97.3 billion (USD).
The valiant IPO filing of real estate tech company Compass
Overview On March 1, real estate technology company, Compass, released its S-1 in anticipation of an IPO on the New York Stock Exchange. The company later filed an amended S-1 on March 31 in which it reduced its price target from US $23–US $26 to US $18–US $19 and the stock offering from 36 million to 25 million shares. As...
Top 10 Fintech angel investors in Europe
The Fintech sector in Europe continues to boom, driven by a motley group of angel investors who invest their private wealth into upcoming, unproven startups. According to Dealroom, angel investors injected more than €612 million into European Fintech companies in 2019, with 17 angels partaking per seed round on average. Meanwhile, the European Business Angel network estimated that the Fintech sector...
E-commerce solutions company Sirclo acquires Orami
Sirclo, an Indonesian company that provides integrated e-commerce solutions for brands of all sizes, announced on 7th April 2021 that it has acquired Orami. Details regarding the acquisition costs were not disclosed. Post the acquisition Orami will continue as an independent entity that is integrated with Sirclo’s line of service. About Orami Orami is an Indonesian online shopping platform that was...
California’s IRIS.TV secures US $ 18 million in series B
IRIS.TV, a California (United States) based video data platform, announced on 7th April 2021 that it has raised US $ 18 million in its Series B round. The round was led by Intel Capital along with participation from WISE Ventures, Mirae Asset Venture Investment, Quest Venture Partners, and few angel/individual investors. Investors: Intel Capital is a California based investment firm...
Spanish one-stop crypto trading platform Atani secures US $ 6.3 million
Atani, a Spanish fintech startup, announced on 6th April 2021 that it has raised US $ 6.3 million in its seed funding round. The round was led by JME Ventures along with participation from Lanai Partners, Conexo Ventures and Encomenda VC. Investors: JME Ventures is a Madrid, Spain, based venture capital firm that was founded in the year 2009. Its...
Messaging-as-a-service Platform Sendbird raises US$ 100M
US-based Sendbird, a messaging-as-a-service API that provides chat, voice, and video messaging for mobile apps and websites, raised US$ 100M in a Series C funding round on 6 April 2021. Investors: The funding round was led by Steadfast Financial, with participation from SoftBank's Vision Fund 2 and existing investors ICONIQ Capital, Tiger Global Management and Meritech Capital. The startup is...
