AI startup MINIEYE secures ¥270M in Series C round

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

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

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

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

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

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...

Food tech startup Foodics launches US$ 100M fund for SMEs

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 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

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...