Food tech startup Foodics launches US$ 100M fund for SMEs
Foodics, the Food and Beverage (F&B) and Retail tech startup based in Saudi Arabia has announced today (27.10.2020) the launch of Foodics Capital, its micro-lending arm to support Saudi based F&B merchants post Covid-19. The food tech startup has raised US$ 100 million (SAR 375 million) by partnering with Maalem Financing. It is planning to offer loans starting from US$ 5,000...
GetVantage bags US$ 5M in seed funding
GetVantage, a Mumbai-based fintech platform innovating Revenue-Based Financing (RBF) for e-commerce and online businesses across India and Southeast Asia, announced on Tuesday that it has raised US$ 5 million in a seed round held in October 2020. The fund is a mixture of equity and debt-line and the investment was led by Chiratae Ventures (formerly known as IDG Ventures) along...
Hubilo secures US$ 4.5M in seed funding
San Francisco-based virtual events platform Hubilo has secured US$ 4.5M in a seed funding round held in October 2020, led by Lightspeed Venture Partners. Other participants in the funding round include Freshworks CEO Girish Mathrubootham, ex-LinkedIn India CEO Nishant Rao, Slideshare co-founder Jonathan Boutelle, and Helpshift CEO Abinash Tripathy. Hubilo was founded by Mayank Agarwal and Anubhav Jain in February...
Chinese esports startup VSPN raises US$ 100M in Series B funding
Shanghai-based esports startup VSPN (Versus Programming Network) has raised approximately US$ 100M in a Series B funding round held in October 2020, led by Tencent. Other participants in the funding round include Tiantu Capital, Susquehanna International Group, and Kuaishou. Lighthouse Capital acted as the financial advisor for VSPN. Proceeds from the funding round will be utilized in building an esports...
Fintech platform PrimaryBid raises US$50 million Series B funding
London based FinTech platform, PrimaryBid that establishes a connection between retail investors and public companies raised nearly USD 50 million series B funding on 26th October 2020. The funding round was led by London Stock Exchange Group, OMERS Ventures, Draper Esprit, ABN AMRO Ventures and Fidelity International Strategic Ventures. The funding details The enterprise is planning to use the investment in...
Biopharmaceutical enterprise Sirnaomics raises US$105 million investment
Sirnaomics, the bio pharmaceutical company based in Maryland USA has raised US$105 million in its series D funding round on 23rd October 2020. The investment round was led by its existing investor Rotating Boulder Fund and new investors Sunshine Riverhead Capital and Walvax Biotechnology with the participation of existing investors Sangel Capital and few new Investors HongTao Capital, Longmen Capital...
Sectors that are likely to boom post COVID-19 – Part 1
The impact of the COVID-19 pandemic has shaken the entire world and is here to stay for some time. Its impact has not just been physical, but also psychological. While containing the spread of the virus is the primary concern, the consequential calamities would haunt us long after eradicating it. The new normal might remain this way for longer than...
Cell therapy startup Be Biopharma raises $52M Series A financing
Be Biopharma, US-based startup has raised US$ 52 million in Series A round led by Atlas Venture and RA Capital Management, with other participants including Longwood Fund, Takeda Ventures held in October 2020. This Massachusetts-based innovator will use the fund to build its team to develop B-cell therapies for a variety of diseases, building on the groundbreaking work conducted by...
Jumbotail raises $11M Series B2 funding led by Heron Rock
Jumbotail, a business-to-business (B2B) e-commerce wholesale marketplace for food and grocery products, has raised US$ 11 million through a Series B2 funding round held in October 2020 which was led by Heron Rock. Other participants include Jumbofund1, Nexus Venture Partners, Siddhi Capital, Reaction Fund, Pimpernel Holdings and a group of industry leaders. About 22 investors had participated in this...
OpenLogi bags additional US$ 16.7M in ongoing series C round
Tokyo-based logistics startup, OpenLogi announced in October 2020 that it has raised over US$ 16.7M in the first phase of its series C funding round from Signifiant Inc., Shinsei Corporate Investment, Sumitomo Corporation, Seino Holdings, Sojitz Corporation, Chiba Dojo, and debt financing. With this funding round, the total capital secured by the startup equals US$ 26.3M, and it plans to...
