FUNDING | Pixr8 News

9Sep By AdityaNo Comments

FUNDING

Email Marketing Service Provider Sarbacane Raises $27 Million in Funding

HEM, France, Sept. 8, 2020 -- New York-based the Sarbacane Group, a publisher of applications for corporate communications raises $27M and takes on a new dimension in the digital marketing segment. Sarbacane group provides email marketing and digital service in Europe. The group built a range of products around its expertise in email marketing, text messaging campaigns, and marketing automation, introduced in late 2019, and Datananas, a Paris-based startup acquired in April 2020. IDI, one of the leading listed investment companies in France, is investing nearly $10 million in the company alongside the management, under the leadership of founder Mathieu Tarnus, who remains the majority shareholder. This move underpins an ambitious strategy of innovation and external growth Th...

Deepsync Tech raises $300k from three angel funds

8Sep By AnkitaNo Comments

FUNDING

Deepsync Tech raises $300k from three angel funds

Sept 8th, 2020: Deepsync Technologies, which allows users to clone their voice to augment content production through Artificial Intelligence (AI), has raised about $300,000 (Over Rs 2.2 crore) from three angel funds Anicut Angel Fund, 9Unicorns and Firstcheque. The startup is expected to use the capital to expand business operations, ramp up tech and product development, and expand its technology team. This is the second round of fundraising for the company. Early-stage investor Zeroth.AI is an existing investor in the company. Anjan Ghosal and Venkat Raju were the leads in this investment on behalf of Anicut Angel Fund while the other investors who participated in this round through the fund were Ashvin Chadha, Sanjiv Bajaj, Varun Thapar, Pran Mehra, and Tushar Singh. A representa...

6Sep By Press Trust of IndiaNo Comments

FUNDING

Fantasy Akhada raises funding from Harsha Bhogle

Cricket commentator Harsha Bhogle has invested an undisclosed amount in gaming startup Fantasy Akhada, and will be the brand’s face for the next two years, the company said on Friday. Fantasy Akhada founder Amit Purohit said that onboarding of Bhogle as an investor will boost subscribers’ confidence towards the platform, while the startup will continue building technology to serve the gamers on the platform. “I have realized that during a cricket match, everyone wants to join the game. While limited people can play on the ground, several fans engage in the game online through various sorts of games. There fantasy gaming is growing and it is good to invest in something which is growing,” Bhogle told PTI. The company did not disclose the investment details. “Besides the growth...

Unacademy Raises $150 Million at $1.5 Billion Valuation

3Sep By PriyankaNo Comments

FUNDING

Unacademy Raises $150 Million at $1.5 Billion Valuation

India based Edtech firm Unacademy raises $150 million in funding led by Softbank Vision Fund 2 along with participation from existing investors including Facebook. The fresh fund infusion values Unacademy at $1.5 billion, Unacademy co-founder Gaurav Munjal told Pixr8 News. "Unacademy plans to utilise the funds to launch new products and build a world-class team and organisation. We have recently launched a chess course where Viswanathan Anand (Indian chess grandmaster) gives training. We will innovate and launch programs in several new categories," Munjal said. General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures also participated in the round, the company said in a statement. Unacademy saw close to three-fold jump in its valuation in the lat...

31Aug By AdityaNo Comments

FUNDING

HomeLane raises $8 Million in funding

Home interiors company Homelane raises USD 8 million in a bridge funding round from Stride Ventures and existing investors. Bridge funding is a form of intermediate funding intended to cover a business short-term expenses until long-term funding is secured. Stride Ventures led this round, participating through debt funding of $3 million in the company, a statement said. Existing investors Accel Partners, Sequoia Capital, Evolvence India, and JSW Ventures also participated, infusing another $5 million in equity, it added. With this round, HomeLane''s total fund-raising has crossed USD 54 million (Rs 370 crore) in the last six years. "Our mission is to make home interiors easy for the world, and this hasn't changed during the pandemic. Virtual meetings, powered by our 3D desi...

27Aug By PriyankaNo Comments

FUNDING

imocha raises pre-series A funding of $600K

PUNE, India, Aug. 26, 2020-- SaaS-based digital skills assessment startup Interview Mocha has secured $600,000 in pre-series A funding from a group of investors, including Freshworks CEO Girish Mathrubootham.Interview Mocha has remained bootstrapped since its founding in 2015 and has revenues of more than $2 million ARR. The startup was founded by former IBM executives Amit Mishra and Sujit Karpe. Other high-profile investors in the round include former Snapdeal CPO and Facebook Director Anand Chandrasekharan, and Vaibhav Domkundwar, CEO of Better Capital. Girish Mathrubootham, CEO of Freshworks, said, "Amit and Sujit have built a solid team, and a product that customers love. The company is already profitable and has a big addressable market." "Talent leaders of global companies...

Bolt Bikes Raises $11 Million, Rebrand to Zoomo

25Aug By NitishNo Comments

FUNDING

Bolt Bikes Raises $11 Million, Rebrand to Zoomo

NEW YORK, 24th Aug 2020-- Bolt Bikes, the mobility startup raises USD $11 million to invest in expanding its operations in the United States and move into new categories globally. Along with the capital raise, the Australia-based startup is also announcing a rebrand with a new name, Zoomo, and a new logo. The Australian Clean Energy Finance Corporation (CEFC) led the capital raise with a USD $5 million equity investment. Equity investment from Hana Ventures and existing investors Maniv Mobility and Contrarian Ventures, together with venture debt from OneVentures and Viola Credit, completed the capital raise. Zoomo will use the capital to launch a flagship brick-and-mortar operation in Los Angeles and expand its New York footprint to include services across the entire city. The s...

19Aug By AnkitaNo Comments

FUNDING

Space Tech Startup Pixxel secures USD 5 million in funding

Bengaluru, 19th Aug 2020: Indian space-technology startup Pixxel has raised USD 5 million in a seed round led by Blume Ventures, growX ventures, and Lightspeed India. The round also included contributions from Inventus Capital India and other angel investors including Stanford Angels and Ryan Johnson, a veteran in the earth imaging space, it said in a statement. The new funding will strengthen Pixxels plans for its first satellite launch later this year and accelerate development of the second satellite, it said. In conjunction with the funding, Ryan Johnson, previously founder and CEO at Blackbridge, a Canadian earth- imaging company, and ex-President at Planet Labs, one of the largest satellite imaging companies in the world, will be joining the Board of Directors at the compan...

18Aug By AdityaNo Comments

FUNDING

SpaceX raises $1.9 billion in funding

Elon Musk-led aerospace company SpaceX raises $1.9 billion in new funding, according to a regulatory filing on Tuesday. This would be the largest funding round raise by SpaceX till date. Bloomberg, in its report, said that the private rocket company will have an equity value of $46 billion after the transaction, citing people familiar with the matter. SpaceX is an American aerospace manufacturer and space transportation services company headquartered in Hawthorne, California. It was founded in 2002 by Elon Musk with the goal of reducing space transportation costs to enable the colonization of Mars. Its designs, manufactures and launches the world’s most advanced rockets and spacecraft.

Lightspeed India raises $275 Million Fund

18Aug By AdityaNo Comments

FUNDING

Lightspeed India raises $275 Million Fund

NEW DELHI, 18th Aug 2020-- Lightspeed India Partners closing of its third fund Lightspeed India Partners III with $275 Million of committed capital. Lightspeed has invested over $750 Million in India since its inception in India and with this fund, Lightspeed will continue to partner and support bold entrepreneurs building for tomorrow, right from inception through growth stages. This year began with a crisis like no other. It is always tough to start a company, it requires passion & leadership and in these times, it requires more courage than ever before. Lightspeed believes this is when the best entrepreneurs and companies of the future will emerge. Strong founders are utilizing the tailwinds of India’s digital ecosystem growth to build out a new future and Lightspeed is ...

Captain Fresh raises USD 2.3 mn from investors

17Aug By AdityaNo Comments

FUNDING

Captain Fresh raises USD 2.3 mn from investors

Freshwater fish and seafood supply chain platform Captain Fresh has raised USD 2.3 million (over Rs 17 crore) from investors, including Ankur Capital. In pre-series A round of funding, Incubate Fund India and Silicon Valley-based angel investors also participated. Captain Fresh leverages technology to deliver freshwater fish and seafood to retailers across all key formats. "The fund will be used to invest in technologies like computer vision, IoT, bots, data analytics to digitize and drive efficiencies across the supply chain," the company said in a statement. Captain Fresh also plans to expand into new cities and increase headcount. Captain Fresh was founded in April 2019 by Utham Gowda, an ex-investment banker. Gowda said, "We started with a simple vision to build a fr...

11Aug By PriyankaNo Comments

FUNDING

Dubai based eyewa raises $2.5 million in funding from Wamda Capital & Others

DUBAI, UAE, Aug. 11, 2020-- UAE based eyewear platform eyewa raises a USD $2.5million in pre-series B bridge round from Wamda Capital, EQ2 Ventures and Nuwa Capital. This is eyewa's third funding round, before that the company raises mid-2019 Series A round of US$7.5million and US$1.1 million in a seed round in 2018. This bridge brings the total raised capital by eyewa to US$11.1million in the space of three years. The company specialises in online retail of sunglasses, eyeglasses, prescription contact lenses and color contact lenses, and offers a wide choice catered towards the latest fashion trends with a highly customised user experience throughout the discovery, ordering, packaging and delivery process. eyewa, which is now the largest online eyewear retailer in UAE and KS...