Training data platform Labelbox raises US$ 40M in Series C
San-Francisco based Labelbox, a training data platform for enterprise machine learning applications raised US$ 40 million in Series C funding on 12 February 2021. Investors: The funding round was led by B Capital Group. Other participants include previous investors Andreessen Horowitz, First Round Capital, Gradient Ventures (Google’s AI venture fund) and Kleiner Perkins and new investor Catherine Wood, CEO and...
Bumble CEO Whitney Wolfe Herd becomes youngest self-made woman billionaire
The CEO and founder of the dating app Bumble, Whitney Wolfe Herd became the world’s youngest self-made woman billionaire after the shares of the company soared during its initial public offering on Friday. Whitney Wolfe Herd’s stake in Bumble, a women-centric dating app, was worth nearly US$ 2 billion. Bumble was valued at US$ 15.69 billion on Friday, its stock...
Proptech startup Homewise bags CAD 3M in seed funding
Toronto-based proptech startup Homewise has announced in February 2021 that it has bagged CAD 3M in a seed funding round led by Clanton Capital. MaRS IAF, Epstein Enterprises and angel investor Joe Canavan (principal of Canavan Capital) also participated in the round. Post the funding round, Noam Edell, president of Clanton Capital, has joined Homewise's board of directors. The startup...
Fintech startup Safepay secures undisclosed amount in seed funding
Karachi, Pakistan-based fintech startup Safepay has secured an undisclosed amount of seed funding in February 2021, led by Stripe. Other participants in the funding round include Global Founders Capital, HOF Capital, Soma Capital, and Mantis Venture Capital and Pakistani venture capital firm Fatima Gobi Ventures. Safepay was also a part of Y Combinator's Summer 2020 batch. The digital payments startup...
Scoopwhoop invests undisclosed amount in e-commerce platform Hypd
India-based e-commerce platform Hypd has announced in February 2021 that it has raised an undisclosed amount from Indian digital media company ScoopWhoop in a pre-seed funding round. The startup will use proceeds from the funding round to develop its product, increase the headcount of its team, and conduct marketing activities. Ashwarya Garg and Akshay Bhatnagar launched Hypd Store in 2020. The...
Fraction Technologies secures CAD 289M in equity and debt financing
Vancouver-based Fintech and Proptech startup Fraction Technologies has announced in February 2021 that it has raised CAD 289M in equity and debt financing. The startup will use proceeds from the funding round to launch in Canada, increase its team's headcount, expand its technology platform, and prepare for its launch in the United States. According to the startup, it saw extraordinary interest...
Top 10 Most Epic Rivalries in Tech-driven Industries
Introduction A business is a complex phenomenon with vast amounts of variables that ultimately decide its success or failure in a given industry. One of the most important and perhaps most intriguing of these variables is competition. Having quality products, top-notch services and excellent user experience all become worthless if that of the competition is even slightly better. This simply...
Founders of LinkedIn and Zynga close to acquiring Joby Aviation
LinkedIn co-founder Reid Hoffman and tech entrepreneur Mark Pincus are planning to merge their blank cheque company with Joby Aviation, a California-based aerospace company which it intends to operate as an air taxi service. This would raise the valuation of the flying taxi developer to US$ 5.7B. Their special purpose acquisition company (SPAC), Reinvent Technology Partners, had raised US$ 690M...
US-based tech-enabled mortgage platform UpEquity raises US$ 25M
UpEquity, a tech-enabled mortgage platform based in the US, raised US$ 25M in a Series A funding on 11 February 2021. Investment: The Series A funding which is a combination of growth equity and venture debt, was led by Next Coast Ventures. The funding consists of US$ 7.5 million of equity financing and US$ 17.5 million of venture debt. Purpose of...
California based start-up Pngme raises USD 3 Million
Sans Francisco based start-up Pngme has raised USD 3 Million on 11th of February, 2021 in a seed funding round led by Radical Ventures, Raptor Group, Lateral Capital and Echo VC. Their main aim is to expand their growth in Sub- Saharan Africa. Investors: The capitalization of USD 3 Million funds took place in the round led by Raptor Group,...
