FUNDING | Pixr8 News

23Nov By Gauri SinghNo Comments

FUNDING

Robotics Startup Geek+ Raises $150 Million in Series B Funding

Beijing-based robotics startup Geek Plus (Geek+) has reportedly secured funds amounting to $150 million in Series B funding round. The particular round was led by Warburg Pincus, with participation from other shareholders including Volcanics Venture and Vertex Ventures. With these funds, the company is planning to seize that growing opportunity by investing in product development, sales and customer service. Also, the company has stated that this is the largest-ever funding round for a logistics robotics startup. Geek+ has not disclosed its valuation after the funding round. The company claims to have delivered more than 5,000 robots across some 100 robotics warehouse projects in China, Hong Kong, Taiwan, Japan, Australia, Singapore, Europe, and the United States. Current customers i...

Singapore-based Fintech Firm Instarem Raises $20 million

22Nov By Gauri SinghNo Comments

FUNDING

Singapore-based Fintech Firm Instarem Raises $20 million

Singapore based cross border fintech startup Instarem has reportedly raised an amount of over $20 million in Series C funding round. This round was led by the VC arm of Indonesian telecom operator Telkom, MDI Ventures and the fund belonging to Thai bank Kasikorn, Beacon. Along with this, existing investors such as Vertex Ventures, GSR Ventures Rocket Internet and the SBI-FMO Fund also participated in this round. The funds raised through the round will be used by the company majorly for global expansion. With this round, the total funding of the company has reached nearly $40 million to date. “We are a the stage where the color of the money is very important,” CEO Prajit Nanu said. “It is very key to us that we bring people into the round who can add value to our business.” The comp...

IoT firm Detect Technologies Secured $3.3 million for International Expansion

21Nov By Gauri SinghNo Comments

FUNDING

IoT firm Detect Technologies Secured $3.3 million for International Expansion

A Chennai-based internet of things (IoT) company known as Detect Technologies has reportedly secured funds amounting to $3.3 million (Rs 23.6 crore) from SAIF Partners in a Series A round of funding. This funding marks the VC fund’s third such investment in the Internet of Things space. Backers like Bharath Innovation Fund, Axilor Ventures, BlueHill Capital and a few angel funds from the Keiretsu Forum also participated in the round. The company is planning to use these funds for international expansion, starting with Europe, and for building manufacturing capability for mass production of its patented technology products, Gumps and Noctua. Founded in 2016 by IIT-Madras alumni Daniel Raj David, Harikrishnan AS, Karthik R and Tarun Mishra, the startup uses its drone (Noctua) and an...

Gaming Startup Mech Mocha Raises $10 million in Series B Round

20Nov By Gauri SinghNo Comments

FUNDING

Gaming Startup Mech Mocha Raises $10 million in Series B Round

A mobile gaming startup known as Mech Mocha Game Studios which is based in Bengaluru has raised a sum of $10 million (Rs 71 crore) as a part of its ongoing Series B funding round. With this, the company is expecting to raise around $5-6 million for the first close from new and existing investors, Arpita Kapoor. She is the co-founder and chief executive of the venture. “We will be closing the targeted sum soon,” Arpita Kapoor said. South Korea-based Neoplux, the private equity and venture capital arm of Doosan Corp, and Akatsuki, the investment arm of Japanese mobile gaming company are the new investors in this round. Along with this, Accel Partners, Shunwei Capital and Blume Ventures will also participate in the funding round. The company is planning to use these funds to de...

Sweden-based E-scooter Startup VOI Raises $50 million

19Nov By Gauri SinghNo Comments

FUNDING

Sweden-based E-scooter Startup VOI Raises $50 million

Sweden-based e-scooter startup VOI Technology has reportedly raised funds amounting to $50 million in Series A funding round. This round was led by London-based venture capital firm Balderton Capital. Along with this, backers like LocalGlobe, Raine Ventures, and previous VOI backer Vostok New Ventures also participated in the funding. A number of angel investors also participated that include Cristina Stenbeck, Jeff Wilkes (Amazon), Justin Mateen (co-founder of Tinder), Nicolas Brusson (CEO and co-founder of BlaBlaCar), Sebastian Knutsson (co-founder of King), Spencer Rascoff (CEO of Zillow), and Keith Richman. The company is planning to use the funds so raised for expanding into new European markets. Belgium, the Netherlands, Luxembourg, France, Germany, Italy, Norway, and Portugal ...

17Nov By Gauri SinghNo Comments

FUNDING

Top Five Funding of the Week (12th Nov – 17th Nov)

We have again come up with the top five funding activities that took place this week. Funding is one of the most important steps in the growth of a business. Therefore, every week, we throw light on the important funding activities. This week was very active in terms of funding process and the company that raised the highest amount of funds was Brazil based technology conglomerate known as Movile. Lets move forward and know more about these funding activities: 1) Movile A Brazil based technology conglomerate known as Movile has just raised funds amounting to $400 million. This round was led by existing investors including Naspers and Innova Capital. The funds have basically been raised for its iFood subsidiary. The company was founded by chief executive officer Fabricio...

RPA Firm Automation Anywhere Secures $300 million from SVF

17Nov By Gauri SinghNo Comments

FUNDING

RPA Firm Automation Anywhere Secures $300 million from SVF

The RPA company Automation Anywhere has been raising valuable funds for a long time and this time, the company has raised $300 million in Series A financing round. This particular round was led by SoftBank Vision Fund. Following this funding round, the valuation of the company has reached $2.6 billion. Prior to this, the company raised $250 million. “With this additional capital, we are in a position to do far more than any other provider. We will not only continue to deliver the most advanced RPA to the market, but we will help bring AI to millions,” Mihir Shukla, CEO and Co-Founder at Automation Anywhere stated. Various RPA companies have been raising funds at an enormous pace this year. Another firm, UiPath also raised $265 million in its Series C round at a $3 billion valuation. ...

15Nov By Gauri SinghNo Comments

FUNDING

California-based ServiceTitan Raises $165 million in Series D Funding

California based service management software company ServiceTitan that helps leading home services businesses generate more leads and close more sales has secured funds amounting to $165 million in Series D funding round. This round was led by Index Ventures. Fresh investors such as New backers Dragoneer and T. Rowe Price also participated in the financing round along with existing investors Battery Ventures, Bessemer Venture Partners and ICONIQ Capital. The company has stated that this funding is the “largest software raise in Southern California history.” Along with this, the valuation of the company has now reached $1.65 billion — making it the newest unicorn out of the region. Prior to this, ServiceTitan raise funds seven months back. The funds raised in this funding round wil...

Perpule Secured $4.7 million from Kalaari Capital and Others

15Nov By Gauri SinghNo Comments

FUNDING

Perpule Secured $4.7 million from Kalaari Capital and Others

An omni-channel retail tech startup known as Perpule has reportedly raised $4.7 million in a Series A funding round. The particular round was led by Prime Venture Partners, Kalaari Capital and Venture Highway. The company provides consumers with a self checkout option at retail outlets, intends to use the funds for expansion into more outlets across 10 cities in the next year. The app allows customers to discover items, scan barcodes, get offer and pricing information for the products and the option to checkout and pay. Perpule is already working with retailers like Big Bazaar, Vishal Mega Mart, SPAR, MORE, HyperCITY, as well as with Quick Service Restaurants (QSRs) such as KFC. Also, the startup recently launched a digital cafeteria solution for QSRs which include cafeterias and ...

Brazil-based Technology Company Movile Secures $400 million

14Nov By Gauri SinghNo Comments

FUNDING

Brazil-based Technology Company Movile Secures $400 million

A Brazil based technology conglomerate known as Movile has just raised funds amounting to $400 million. This round was led by existing investors including Naspers and Innova Capital. The funds have basically been raised for its iFood subsidiary. The company was founded by chief executive officer Fabricio Bloisi which began as a digital content studio for mobile device and now has grown into a mobile services and content empire with aspirations of reaching 1 billion people. The company claimed to have estimated revenues over $240 million and over 150 million monthly active users. iFood alone recorded 10.4 million delivery orders for the month of October. According to the repors, iFood received 390,000 orders per day in Brazil in the last weeks of October accounting for 109% growth ...

14Nov By Gauri SinghNo Comments

FUNDING

Meditation App Simple Habit Raises $10 Million in Series A Funding

US based five-minute meditation app Simple Habit has reportedly secured an amount of $10 million in Series A funding round. This round was led by Silicon Valley-based venture capital firm Foundation Capital. With this, the developer’s total funding has reached up to $12.5 million. Prior to this, Simple Habit previously raised $2.8 million from seed investors. Foundation Capital was also an investor in the initial seed round, which included Y Combinator, NEA, Drew Houston, CEO of Dropbox, and Josh Reeves, CEO of Gusto. “Simple Habit has had a remarkable year,” said Yunha Kim, founder and CEO of Simple Habit. “As we welcomed millions of new users to our community, we added more than 1,000 new sessions to our audio content library, doubled the number of experts who contribute content on S...

12Nov By Gauri SinghNo Comments

FUNDING

Construction Tech Firm WakeCap Secures $1.6 Million in Seed Funding

A construction technology company based in UAE known as WakeCap has secured $1.6 million in seed funding round. The particular round was led by a group of global investors including Consolidated Contractor Company (CCC), Graphene Ventures, Abunayyan Holding and Inspire Ventures Arabia, SOSV, startAD Seed and SeedCo Capital. The company is planning to use these funds to develop the product and expand in every aspect, majorly in terms of their customers. “With this investment, WakeCap is set on the path to develop the product and expand our customer base in the MENA region to achieve our goal of utilizing today’s technology and save lives at the construction field,” Hassan Albalawi, Founder and CEO at WakeCap stated. The company was founded in 2017 and is basically an IoT-based enterpri...