DouxMatok declares a USD 30 million funding round to ramp up commercialization and rebrands itself to Incredo
Israel's PETAH TIKVA, May 25, 2023 -DouxMatok, a pioneer in food technology, has announced a rebrand as Incredo LTD. Incredo has announced that it has raised $30 million in a Series C funding round to support research and development, integrate its product in a variety of applications, and accelerate its commercial partnerships. The company's trademark product, Incredo® Sugar, serves...
UK-based Finmatix acquires Semantic Evolutions
London, UK-based provider of digital transformation solutions, Finmatix acquired a London, UK-based company which specializes in the provision of AI and machine learning-powered solutions to the Financial Services sector, Semantic Evolutions. The company announced the acquisition on May 25, 2023. However, it did not disclose the amount of the transaction. As a part of the deal, Semantic Evolutions continues to...
USA-based Nymbus raises USD 70 million in Series D
Florida, USA-based provider of financial technology solutions, Nymbus, raised USD 70 million in Series D. The round took place on May 25, 2023. Global software investor Insight Partners led the financing for the company. Additional investments from Nymbus clients ConnectOne Bank and PeoplesBank, alongside financial technology investors, The Banc Funds Company and Mendon Venture Partners, also joined in the...
Insurance-based startup Faye raises USD 10 million in Series A funding
May 23, 2023 - Just a year after introducing its product in the United States, travel insurance startup Faye revealed that it had raised USD 10M in Series A funding, increasing the company's total capital to USD 18M. Munich Re Ventures and previous backers Viola Ventures and F2 Venture Capital led the investment. Menora Tech and Mike Nelson, the...
Cincinnati-based tech startup Amify raises USD 10 million in Series B funding round
May 23, 2023, Cincinnati -- Amify (goamify.com), a top supplier of technologically enhanced Amazon optimization and advertising solutions, has closed its USD 10 million Series B capital round. Strategic, growth-oriented investors like Mercury Fund, Cincy Tech, SAAS Ventures, and several unknown angel investors spearheaded this fundraising round. By enhancing the company's proprietary marketplace optimization platform and further increasing investment in...
USA-based Entravision acquires BCNMonetize
California, USA-based advertising solutions, media and technology company, Entravision acquired Barcelona, Spain-based mobile app marketing solutions company BCNMonetize. The company announced the acquisition on May 22, 2023. However, it did not disclose the amount of the transaction. Purpose of acquisition by Entravision With the latest acquisition of BCNMonetize, Entravision gains access to new markets and seeks to expand the company's geographic...
USA-based Quanta Therapeutics raises USD 50.7 million in Series D
California, USA-based biopharmaceutical company pioneering targeted therapies to treat RAS-driven cancers, Quanta Therapeutics, raises USD 50.7 million in Series D financing. The round took place on May 22, 2023. Avidity Partners led the financing for the company. Meanwhile, Sofinnova Investments, Vida Ventures, and Surveyor Capital (a Citadel company) provided the investment. Besides, Longitude Capital, BVF Partners and AbbVie Ventures...
Israel-based financial planning and analysis startup Firmbase raises USD 12 million in funding
The Israeli city of Tel Aviv, May 22, 2023 -- With the announcement of USD 12M in investment for its Financial Planning and Analysis (FP&A) platform. S Capital, Meron Capital, an extensive collection of unicorn startup founders, well-known angel investors, and executives from Google, Amazon, and Microsoft, participated in the round, which S Capital led. Firmbase can be adopted...
Advanced AI-based startup Axelera AI raises USD 50 million in Series A funding
Valley represents SILICON Netherlands and California. Axelera AI, the company that offers the most powerful and cutting-edge solutions for AI at the Edge, announces the addition of more investors to their oversubscribed Series A round, bringing the total amount raised to USD 50 million. Verve Ventures, Fractionelera, and CDP Venture Capital have all joined the round recently. The latter...
Canada-based Swiftsure Innovations closes seed funding at CAD 2.3 million
Pasadena, Canada-based oral care company Swiftsure Innovations closed its seed funding at CAD 2.3 million. The round took place on May 22, 2023. Pelorus VC led the financing for the company. Meanwhile, Sandpiper Ventures and pan-Canadian consortium MEDTEQ+ and several other pre-seed investors joined in the round. Purpose of financing for Swiftsure Innovations With the latest capital injection, Swiftsure Innovations seeks...
