Lithuania-based Ondato attracts €450K for its KYC solutions
Lithuanian-based startup Ondato, has closed a pre-seed round and attracted €450K from Startup Wise Guys accelerator fund on 5th June, 2020. The company offers know-your-customer (KYC) solutions. Established in 2016, Ondato is developing compliance solutions and remote KYC, which help identify both legal entities and private individuals, review data registers and fully authenticate the client in line with the highest reliability...
Oyo partners with Unilever to offer hygienic stays
OYO Hotels & Homes has collaborated with Unilever (global consumer goods company) in July 2020, to promote OYO’s “Sanitized Stays” initiative. Unilever will aid OYO by using its home and personal hygiene brands in the cleaning and disinfecting of OYO properties. About the alliance On 19th March 2020, OYO rooms announced the unveiling of its new service “Sanitised Stays” to provide a...
Mednow.ca raises CAD 6.5M to connect Canadians with pharmacies virtually
Toronto-based Mednow.ca, an online pharmacy tech startup has raised CAD $6.5M in a seed funding round in July 2020. Gravitas Securities led the funding round with other investors who are a part of Gravitas’ network also joining in (their identities were not disclosed). This is Mednow.ca’s first round of external fundraising. The contribution in the seed round was a lot more...
Financing Decision: Debt or Equity?
Decisions, decisions. Running a company must involve taking thousands of decisions a day as you can imagine. The decisions that have to be taken with respect to the capital are known as Financing Decision. Taking financial decision is a critical process. Choosing the best source by minimizing the risk and maximizing the ROI is very crucial for a company. Business...
Indian model of TikTok, Chingari nabs seed round from AngelList
Domestic short video platform Chingari has secured approximately US$ 1M in seed funding in July 2020 from AngelList, a US-based online stage for startups, angel investors and job-aspirants looking to work in startups. Various sources reported that Chingari was also negotiating with venture capital firm Tiger Global for this round, but the deal flamed out. About the Indian startup Chingari is a...
French retail tech company Alkemics seals €21 million Series C
Paris-based, Alkemics, a platform which connects large and small suppliers with global retailers, has secured €21 million Series C round on 11th July, 2020. Backers include Highland Europe, Serena Capital, SEB Alliance, Index Ventures and Cathay Innovation. The startup will deploy the new funding to expand its reach in other European markets, beginning with Germany, Benelux and Scandinavia. Alkemics previously...
Valencia-based QUIBIM secures €8 million to detect COVID-19 and other diseases
Spanish medtech company QUIBIM has closed €8 million in new seed round co-led by Amadeus Capital Partners and Adara Ventures. Other participants are-Crista Galli Ventures, Apex Ventures, Partech Ventures and existing shareholders, including Tech Transfer UPV, managed by Clave Capital and Juan Roig. Partner at Adara Ventures, Rocio Pillado said “QUIBIM’s rapid adoption is an indicator of how innovative doctors and researchers...
Shelf Engine raises US$ 12M to reduce food wastage in grocery stores
Seattle-based Shelf Engine has secured US$ 12M in a funding round led by Garry Tan’s Initialized Capital and GGV Capital. Other participants in the investment include Foundation Capital, Bain Capital, 1984 Ventures and Correlation Ventures. Capital raised will be used to increase the headcount of the engineering team and its sales and acquisition process. Shelf Engine provides an automated prediction engine that recommends what to...
US-based life and career coaching community Medley announces launch
Medley, a new membership-based community has announced its launch on July 21, 2020. Compared to various communities that bring together like-minded people to interact and exchange their ideas and experiences, Medley’s goal is to connect users with people who aren’t just like them. The startup helps connect people from all walks of life. Founded by mother and daughter duo Edith Cooper and Jordan Taylor,...
4 Factors affecting VC funding
Not all startups are designed for venture capital. There are several criteria that Venture Capitalists look for when deciding whether to invest capital or not and there is a reason for that. Some startups are just not capable of deploying such a massive influx of cash. These start-ups need to have the ability to scale quickly and take over...
