Data security platform Zivver bags US$ 17 million funding
The Amsterdam based platform Zivver that provides secure solutions for the exchange of sensitive information has raised a fresh funding of US$ 17 million. This brings the total funding of Zivver till date 2 to around US$ 30 million. The funding round was led by DN capital with the participation from Smartfin. The round was also supported by the existing...
New York based Obsess closes seed funding round at US$ 3.4 million
New York based e-commerce platform for creating virtual showrooms, Obsess has closed its seed funding round with US $3.4 million on 27th October 2020. The round was led by WXR Fund, Jump Capital and Reality Fund. Obsess is the platform which has reinvented the e-Commerce interface for the category of discovery driven products. The mission is to transform online shopping...
Exoticca closes €5M Series B extension
Exoticca, a Barcelona-based traveltech platform that creates package tours to long-distance destinations, has closed €5 million as an extension of its Series B round held in October 2020. This extension round was led by Milano Investment Partners with participation from K Fund, Bonsai Partners, Pase Capital, Kibo Ventures and Sabadell Venture Capital. The first section of the round was held...
AI startup MINIEYE secures ¥270M in Series C round
MINIEYE, a Chinese company that focuses on the development of Artificial Intelligence-based sensing systems for autonomous driving, has announced the completion of its Series C financing held in October 2020. The total amount received through this round values at ¥270 million (US$ 37.2 million). This round of investment was done by Harvest Fund, Oriental Fortune Capital, VISION+ CAPITAL, and the...
Alternative Data: The Moat Around Hedge Funds
Introduction What connects images of China’s megacities, smartphone location signals from Tesla’s factory in California, and the amount of time people are ready to wait to get their hands on a new iPhone? Alternative Data These are examples of different scenarios in which alternative data has been used in the investment research process. Satellite captures images of China’s megacities every five minutes,...
StreetShares raises US$ 10M in a Venture Round
US-based StreetShares, a mission-driven financial technology company secured US$ 10 million in a round of funding on 22 October 2020. The funding round was led by Mark L. Rockefeller and Mickey Konson. Other participants include Motley Fool Ventures, Ally Ventures (the strategic investment arm of Ally Financial), and individual fintech angel investors. "We're seeing exciting digital adoption by banks and credit...
Sectors that are likely to boom post-COVID-19 – Part 2
In the first part of the series article, we covered the sectors – Edtech, Online Gaming, Entertainment Streaming Services and Medtech, that are most likely to experience a boom post-COVID-19. Continuing the list, let’s look at the 3 other sectors – Remote Working Platforms, Online Fitness, Ecommerce and delivery-based services. 5. Remote Working Platform With professionals working from home, virtual...
Digital trading platform, DriveWealth bags US$56.7 million Series C funding
DriveWealth LLC, a global digital technology platform for trading based in Chatham NJ, USA has raised US$ 56.7 billion Series C funding on 27th October 2020. The funding round The funding round was led by the venture capital Point72 Ventures with the participation of SBI holdings Inc, Route 66 Ventures, Raptor Group and the new investors Fidelity International Strategic Ventures and...
UK based Raylo gains £10 million debt financing
Raylo, a UK based enterprise that offers smartphone circular leasing models have raised around £10 million debt financing to hike its growth for the next phase on 26th October 2020. The debt deal was led by the early-stage Venture Capital Avellinia Capital with the participation from Clerville Investment Management. The company is planning to use this fresh funding to scale...
Neobank Walrus unveils India’s first customized Signature Card for teenagers
With a goal to help teenagers and the youth become financially smart at an early age as well as provide them banking solutions, India-based fintech company Walrus announced the launch of Signature Prepaid Cards for teenagers on October 20, 2020. The exclusive card permits users to customize their signature which gets printed on the card afterward. Following this announcement, Walrus...
