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...
Top 5 budding Korean Startups in the Food and Beverage Industry
Top 5 budding Korean Startups in the Food and Beverage Industry
Identity verification platform Sumsub raises USD 6M in series A funding
An identity verification platform, Sumsub announced on 10th September 2020, that it has raised USD 6 million in series A Investment round. This latest funding brings the total funding raised since its incorporation to over USD 7.5 million. The company provides an all in one legal and technical toolkit to cover AML/KYB/KYC needs. The company claims to utilize the funding...
Cameroonian e-health startup Healthlane raises USD 2.4M
Cameroon based e-health startup Healthlane that connects its users to quality and affordable healthcare services announced on 8th September, 2020, that it has picked up USD 2.4 million amount in funding in order to add new features to their services and expand its user base. The participants in the investment round include Silicon Valley Bank, CRE, Sequoia Capital, TSVC, Digital...
Fintech startup Market Pulse raises USD 750K in pre-series A funding
Market Pulse which is a market analysis platform announced on 10th September, 2020, that it has secured USD 750K in a pre series A funding round. According to the press release, the investment round was led by HNI Founder of Anubhuti Advisors LLP and ex-group CFO of Adani Group, Founder and CIO of Sixteenth Street Capital, Rashmi Kwatra, Director of...
Audio platform Curio picks up another €7.6 million in series A from Earlybird Ventures
London based premium audio platform with curated library of expert journalism, Curio has announced on 10th September, 2020, that it has raised around €7.6 million in series A round. The investment round was led by Earlybird along with Horizon Ventures, Draper Esprit and Cherry Ventures. Previously the startup has secured around €1.6 million from Cherry Ventures along with 500 Startups...
SaaS platform Hasura picks up USD 25M in series B funding round
San Francisco and Bengaluru headquartered startup Hasura, which is based on developer focused tooling products has announced on 9th September, 2020, that it has secured USD 25 million in series B funding round. The round was led by Lightspeed Venture Partners. The round was led by Lightspeed Venture Partners. Existing investors including Nexus Venture Partners, Vertex Ventures, SAP.iObFund and Strive...
Raising Series-B Funding
It is believed that seed is raised on vision, Series-A is raised on hope and Series B is raised on pure facts and figures. This is the third funding round of a start-up. The starts-ups are not generally referred to as ‘Start-ups’ in this stage, rather they are referred to as “Businesses” or “Companies”. Some businesses can be classified as...
Series A Funding and How To Get It
As a founder, you may have secured capital for the first time as seed fund which was invested by a VC or an Angel Investor. The funds served their purpose in helping you with operations, salaries of your team, proof-of concept, R&D and testing. After having achieved the development milestones and proof-of-concept at the early stage of a startup,...
