Matillion, the leading cloud data integration platform, announced $100M in Series D funding led by Lightspeed Venture Partners. Other investors that took part in the current funding round include Battery Ventures, Sapphire Ventures, Scale Venture Partners with financing from Silicon Valley Bank UK Branch. The startup will use the funding to fuel the company’s growth,…
Altasciences has announced that they have acquired WCCT Global, Inc., an early stage clinical research organization, or CRO, located in Southern California on the U.S.A.’s West Coast. This acquisition will complement Altasciences’ current clinical operations in Montreal, Canada, and Kansas City, U.S.A., while being in close proximity to their Washington State preclinical facility. “This acquisition…
DesignX specializes in shopfloor hyper-automation with its industry-agnostic product suit DFOSTM (Digital Factory Operating System). DFOSTM is a SaaS based product to discover, analyze, design, automate, measure shopfloor processes. According to Gartner Hyper-automation is a combination of tools, including Robotic Process Automation (RPA), intelligent Business Management Software (iBPMS) and AI, with a goal of increasingly AI-driven decision making. Also, “Hyper…
Abound, the leading curated wholesale marketplace connecting small business owners and independent brands, has announced the close of a $22.9M Series A financing round led by Left Lane Capital with additional support from RiverPark Ventures, All Iron Ventures, and Red Antler, the branding company behind consumer products like Allbirds, Casper, and Prose, to name a…
Open – a Neobanking platform has acquired Optobizz, for $5 million in a stock-plus-cash deal. The neobanking firm is looking to set up a development centre in Hyderabad. Anish Achuthan – Co-founder and CEO of Open Financial Technologies Pvt. Ltd, said, ‘The acquisition would help Open strengthen its product capabilities and offer innovative solutions for…
LeverageEdu, an AI-enabled marketplace designed to help students with their higher education and career growth plans, has raised over $6.5 million funding led by Tomorrow Capital along with existing investors Blume Ventures and DSG Consumer Partners. The fresh funding round also saw participation from Ash Lilani, Saama Capital founder and Amrish Rau, PayU CEO. Founder…
Bengaluru-based – Avataar Capital a growth stage fund, has secured a $100 million Opportunities Fund from institutional funds and limited partners (LPs) for growth-stage B2B startups. Avataar is a growth stage, Operational fund – partnering with regional Tech-led B2B & SaaS startups to Re-invent, Scale & Transform into businesses. “We have raised add-on capital from our existing…
Vogo, the Bengaluru-based scooter sharing startup, announced it has raised $11.5 million from existing investors Lightrock, Kalaari, Matrix Partners and Stellaris Venture Partners as an extension of its Series C round. The startup will use the capital to expand and electrify its two-wheeler fleet and strengthen its product line to cater to post-pandemic users. The…
eBikeGo, the Mumbai-based electric vehicle-based last-mile logistics firm, announced it has raised $1.5 million in a pre-Series A funding from a clutch of new and existing domestic and foreign individuals. Investors that participated in the round include bollywood singer Sukhbir Singh, Quess Corp Ltd CEO Vijay Sivaram, Asian Institute of Technology’s Brahmanand Mohanty, and Mungo…
Dandelion Energy, a home geothermal company, has announced the close of a $30 million Series B round of funding, bringing the company’s total funding to $65 million. The raise was led by Breakthrough Energy Ventures with participation from existing investors, including GV, NEA, Lennar Corporation, Collaborative Fund, Building Ventures, Catchlight Ventures, and GroundUp. This new investment enables the…
Shiprocket, India’s eCommerce Logistics and Shipping Solution provider, announced it has raised $27 million in a mix of primary and secondary capital as part of its new funding round led by Tribe Capital and March Capital. DST Global’s Rahul Mehta and Bertelsmann India Investments also participated in the round. The round gives an exit to some…
Inherent Biosciences has announced its initial capital raise led by Morning Star Foundation with additional participation from MedMountain Ventures, Kickstart Funds, Park City Angels, Rhythm VC and several angel investors. With the initial funding, Inherent will launch a male infertility diagnostic to guide infertility treatment. Inherent also added following members to its Board of Directors…
Google is teaming up with the European Investment Fund (EIF) and two other organisations in Latin America and Asia to provide $75 million in funding to small- and medium-sized companies suffering from the impact of the coronavirus pandemic, according to Reuters report. The funds are part of an $800 million initiative announced in March last…
L&T Finance Holdings Limited, a private sector Non-Banking Financial Company in India, present in businesses including rural finance, housing finance, infrastructure finance and investment management, has closed its Rights Issue to raise Rs. 2,998.61 crores (“Rights Issue”). The Rights Issue was oversubscribed by approximately 15%. Mr. Dinanath Dubhashi, Managing Director & Chief Executive Officer, L&T…
Sinch AB, a global leader in cloud communications for mobile customer engagement, has entered into a definitive agreement to acquire Inteliquent, the largest independent voice communications provider in the United States, for a total cash consideration of $1.140B USD. Inteliquent has built a strong go-to-market strategy as a trusted partner to category leaders in every…