Abacus.AI is announcing $50M in Series C funding from Tiger Global, Coatue, Index Ventures, and Alkeon. The round was led by Tiger Global with participation from Coatue, Index Ventures, and Alkeon. With this round, the company has raised $90.3M in total funding in 30 months. Abacus.AI will use the funds from this round to further…
The Estée Lauder Companies has announced key leadership appointments for its international business, which follow the announcement that Cedric Prouvé, currently Group President, International, will retire in June 2022 after an exceptional career. The appointments will be effective February 1, 2022. Peter Jueptner, currently President, Europe, Middle East, and Africa (EMEA) will succeed Cedric, and will be named President,…
Kinara Capital, a social impact fintech driving financial inclusion of India’s small business entrepreneurs, has announced securing EUR 8 million (~INR 70 crores) from Invest in Visions GmbH (IIV), pioneers of microfinance investments in Germany. Agents for Impact, a sustainability connector of investors and social impact organizations, arranged this transaction for Invest in Visions and…
SaaS startup Zenduty has announced that it has raised $1.9 million as part of its Pre-Series A round. The round was led by StartupXSeed Ventures along with participation from marquee enterprise SaaS investors Powerhouse Ventures, Secure Octane fund, Kwaish Ventures, Supermorpheus, Titan Capital, 100X Entrepreneurs, Viral Bajaria(CTO, 6Sense), Premal Shah(SVP, 6Sense), Hitesh Chawla(CEO SilverPush), Sumit…
LoveLocal, India’s hyper-local e-commerce platform empowering local retailers, has secured $18m or INR 143 crores, in a Pre-Series B investment round that features some of the most prominent investors and founders globally. The round, which was oversubscribed, is led by Vulcan Capital, and also includes participation from Klarna Founder & CEO Sebastian Siemiatkowski’s Flat Capital,…
Credit Suisse and BlackRock have partnered to build the next generation of purpose-driven investments that aim to provide attractive private equity returns in line with the Credit Suisse Supertrends. According to a statement, “This will be the first in a series of investment initiatives created for the private wealth market for eligible individual investors. They…
Drip Capital, Inc. (Drip Capital), a digital cross-border trade finance platform for small and medium businesses (SMBs), has announced that it has raised $175 million in fresh capital to power its next phase of growth. Funds raised include a $40 million Series C investment and $135 million in warehouse debt facilities. To date, with this…
ERC (Enhanced Resource Centers), an international business process outsourcing (BPO) company, has partnered with DailyPay to provide access to on-demand pay to its U.S.-based employees, according to a statement. Headquartered in Jacksonville, Florida, ERC has over 7,000 employees globally spread primarily across three U.S. locations in Florida and Georgia. Currently, 51 percent of ERC’s U.S.…
Global immigration powerhouse Fragomen has announced the addition of David Grunblatt, a luminary of the immigration bar, to the firm. David brings expertise, strategic advisory experience and exceptional client service to the pre-eminent Fragomen team. David will be joined by Senior Associates Valarie McPherson, Jennifer Wexler and Erica Loomba. “We are delighted to welcome David…
Clarivate Plc, the provider of trusted information and insights to accelerate the pace of innovation, has announced that Hewlett Packard Enterprise (HPE) has chosen Clarivate as its IP lifecycle management partner. According to a statement, “HPE currently owns a very large patent and trademark portfolio. With its adoption of IPfolio™, in addition to its existing…
Abacus.AI has announced that the company has raised $50M in Series C funding from Tiger Global, Coatue, Index Ventures, and Alkeon. The round was led by Tiger Global with participation from Coatue, Index Ventures, and Alkeon. With this round, the company has raised $90.3M in total funding in 30 months. Abacus.AI will use the funds…
SlashNext, a SaaS-based spear-phishing and human hacking defense platform, has announced that it raised $26 million in Series B venture capital funding. With new investors Tom and Matt Gallo, Telia Group, and the ACTIVE Fund of the Ayala group, and participation from early investors Norwest, Wing, and Alter Ventures, the round brings SlashNext’s total funding…
Takeda Pharmaceutical Company Limited has announced the exercise of its option to acquire GammaDelta Therapeutics Limited, a company focused on exploiting the unique properties of gamma delta (γδ) T cells for immunotherapy. “We’re committed to developing cell therapies that will have an impact on large segments of patients by focusing on off-the-shelf, allogeneic cell therapies…
CitiusTech, a provider of healthcare technology services, solutions and platforms, has announced that its Board of Directors has appointed Bhaskar Sambasivan as Chief Executive Officer effective November 1, 2021. Mr. Sambasivan joined CitiusTech as President in May 2021, and has been working closely with Rizwan Koita, CEO, as part of a structured leadership transition process.…
Staircase AI, a pioneer in relationship intelligence, has announced the completion of its $4 million seed round. The company received funding from Disruptive AI, an early-stage VC that specializes in artificial intelligence (AI), and StageOne Ventures, a VC fund focused on solving large enterprise challenges. “We are very excited that Disruptive AI and StageOne Ventures…