Social Financing and its Types
We are living in a world where most business enterprises care more about personal benefits rather than social benefits. But gradually, many of them are realising the need for sustainability and social responsibility. For some, the reason is that they actually care about their surroundings, while for others, it is a matter of reputation. The enterprises that innovate to solve...
Top 10 AI Startups of Europe 2020
Artificial intelligence or machine intelligence refers to the intelligence shown by machines in a manner similar to that of humans. AI is trending across the globe and why not, since it has been useful in developing solutions across industries such as fintech, insurtech, healthtech, retail among many others. Our previous article covered the TOP 10 AI Startups of superpower China....
US based payroll and compliance firm Deel secures US$ 30M
San Francisco based payroll and compliance firm Deel raised US$ 30M in its Series B funding round on 11 September 2020. Its total funding now exceeds US$ 48M. The series B funding was led by Spark Capital. Other participants in the funding round include YC Growth Fund and notable angel investors, Nat Friedman, Ryan Petersen, John Zimmer, William Hockey and...
Bangalore based Aibono picks up USD 2M from Rebright Partners
Bangalore based platform that connects farmers to ultimate customers, Aibono announced on 4th September, 2020, that secured USD 2 million. The round was led by Mitsui Sumitomo Insurance Venture Capital, Rebright Partners, Lesing Artha which is a subsidiary of Rianta Capital. The company deploys data science and technology in order to improve the agriculture efficiency of farmers and aggregate demand...
Trell raises USD 11.4M led KTB Network
Bengaluru located startup Trell, which is a video first experience discovery platform announced in late August 2020, that it has secured USD 11.4 million in series A financing round. The round was led by KTB Network. Other marquee investors Ankur Nagpal (CEO of Teachable), Vineet Buch (Former head of Google Play Store Development), Gokul Rajaram (Board Member of Square and...
A guide to Series-C Funding
Businesses who require or invite investors to invest in the business under the category of Series-C funding, are businesses that are already established, have a good market share, profitable and are developed businesses. Every business is presented through a graph of the business cycle. After reaching its peak, the business tends to contract to a trough. To re-enter the...
Healthcare Investment in India
Healthcare India, with a population of 1.2 billion people, is the second most populous country in the world. In spite of producing around a record 50,000 M.B.B.S doctors per year, one of the highest number of nurses and trained professionals along with FDA approved devices & medicines, India still has a long way to go. With a doctor-patient ratio of 1:1700 , against the...
Sunday raises US$ 9M in Series B funding
Thailand-based insurtech startup, Sunday has raised US$ 9M in a Series B funding round held in September 2020, led by SCB 10X, the venture capital subsidiary of the Siam Commercial Bank. New and existing investors such as Vertex Ventures (Southeast Asia and India), Quona Capital, and LINE Ventures, also participated in the funding round. The fresh funds will be used...
Effenco Development raises 10M CAD in funding
Montreal-based truck electrification startup Effenco Development announced in September 2020 that it has raised 10M CAD in a funding round that closed on July 31, 2020. The round was led by an undisclosed existing investor. Additional investors include Business Development Bank of Canada (BDC), the Center of Excellence in Energy Efficiency, Investissement Québec and David Arsenault (founder and president...
US based digital biology firm Recursion secures US$239M
US based Recursion has raised US$ 239M in its Series D financing on 11 September 2020. Its total funding stands at US$ 465.4M. The series D funding round was led by Leaps by Bayer, the impact investment arm of Bayer AG. Other participants in the round included some new investors, Casdin Capital, Catalio Capital Management, LP, Laurion Capital Management, Samsara...
