FUNDING | Pixr8 News

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 KSA...

10Aug By PriyankaNo Comments

FUNDING

Skillshare Raises $66 Million in Funding from OMERS Growth Equity

NEW YORK, Aug. 10, 2020-- Skillshare the world's largest online learning community for creativity raises $66 million in funding led by OMERS Growth Equity. With more than 12 million registered members, 8,000 teachers, and over 30,000 video-based classes in a wide range of creative disciplines from graphic design to photography to painting and illustration to interior design, Skillshare has experienced a year of unprecedented growth. Till date, Skillshare has raised $42 million in capital from Union Square Ventures, Amasia, Burda Principal Investments, and Spero Ventures, who all participated in this round. Skillshare's funding comes on the heels of a brand pivot in early 2020 to focus on the creative community. With roughly 75 percent of Americans participating in a creative hob...

4Aug By PriyankaNo Comments

FUNDING

Aon Investments raises $350 Million in Funding

CHICAGO, Aug. 4, 2020 -- Aon Investments raised $349.9 million from U.S. institutional investors for its Opportunistic Credit strategy. The Opportunistic Credit strategy targets public corporate and structured credit stressed credit and real estate debt. Aon Investments consists of more than 300 investment consulting professionals with more than 480 clients representing aggregate assets more than $2 trillion as of December 31, 2019. It will provide a flexible approach of allocating across a wide range of securities and markets where managers see the greatest value. "We appreciate the support of our investors and welcome many new investors in this endeavor," said Steve Voss, senior partner and head of Aon Investments for North America. "The Opportunistic Credit strategy will dra...

Info Edge invests $6.33 million in Bulbulive Shopping Network

30Jul By Press Trust of IndiaNo Comments

FUNDING

Info Edge invests $6.33 million in Bulbulive Shopping Network

New Delhi, Jul 28, 2020: Info Edge invested about USD 6.33 million (about Rs 47.3 crore) in Bulbulive Shopping Network. Bulbul is a video and Livestream-led commerce platform that aims to make online shopping engaging and social while offering consumers the opportunity to discover new products. "The IE Venture Fund I have acquired/agreed to acquire 416 ordinary shares and 2002 series A1 compulsorily redeemable convertible preferred shares, through a mix of the primary and secondary mode of acquisition," Info Edge said in a regulatory filing. Upon successful closing of the said acquisition of shares, the aggregate shareholding of the company in the said entity would be around 17.82 per cent on fully converted and diluted basis. "This is part of a larger round of about USD 8.7 mi...

Spyderbat Raises $4.2M To Usher in New Era of Security Operations

30Jul By AdityaNo Comments

FUNDING

Spyderbat Raises $4.2M To Usher in New Era of Security Operations

AUSTIN, JULY 29, 2020: Spyderbat raises $4.2M in seed funding led by LiveOak Venture Partners and Benhamou Global Ventures with participation from cybersecurity veteran, John McHale. The company will use the capital to accelerate the development of its product launch later this year. The Spyderbat founding team includes cybersecurity pioneers Marc Willebeek-LeMair and Brian Smith, former founders and executives of Click Security and TippingPoint. Venu Shamapant from LiveOak Venture Partners and Venkat Raghavan from Benhamou Global Ventures has joined the company’s board of directors. “Security operations today lack clear information to identify and resolve early indications of a threat,” states Spyderbat’s CEO Marc Willebeek-LeMair. “Shifts to cloud-native environments exacer...

29Jul By AdityaNo Comments

FUNDING

Remitly Raises $85 Million in funding at a valuation of $1.5 Billion

SEATTLE, 29th Jul 2020-- Remitly, the mobile-first provider of remittances and financial services for immigrants raises $85 million in a funding round from Prosus’s PayU at $1.5B Valuation. The funding round will fuel the company’s growth as the global demand for digital remittances continues to surge during the COVID-19 pandemic. The funding will enable Remitly to expand its suite of digital financial services products at a time its customers need them most. Existing investors like Generation Investment Management, Owl Rock Capital, Stripes, DN Capital, Top Tier, Princeville Global, and Threshold Ventures also participated in this round. While the World Bank forecast global remittances to decline by 20 percent in 2020 due to the economic crisis, Remitly has seen 200 percent ...

27Jul By AdityaNo Comments

FUNDING

Transformative Raises $1.7M in funding After Developing Technology That Predicts Sudden Cardiac Arrest

New York, 27 JUL, 2020-- Transformative, a healthcare startup whose software predicts sudden cardiac arrest raises $1.7 million seed round, led by Tera Ventures. The round includes funding from the Wellcome Trust, which provided Transformative a Healthcare Innovator Award, and from InHealth Ventures, which had previously invested in Transformative’s pre-seed round. Investors Andrus Oks of Tera Ventures and Nick Slater of AI Seed are joining Transformative’s board. Transformative’s first patented technology predicts sudden cardiac arrest by analyzing data from patient monitoring devices that are standard in hospitals. Transformative will use its seed funding to obtain FDA clearance for its first product and to begin developing technologies that predict other life-threatening conditio...

25Jul By PriyankaNo Comments

FUNDING

Swoop raises $3.2 Million in Funding

Los Angeles based mobility tech company Swoop raises $3.2 million in seed funding led by Signia Venture Partners, South Park Commons, and a handful of angel investors to build a tech solution for group mobility owners. Alongside Signia Ventures, a number of high profile investors participated in the financing, including South Park Commons led by their two Managing Partners, Ruchi Sanghvi and Aditya Agarwal, the former CTO of Dropbox, etc. The fragmented industry of vehicle owners will now be able to effortlessly book, dispatch, track and manage all their rides through Swoop's SaaS tool. With more than 100,000 passengers on board, the Swoop team has gained outstanding domain expertise and is on the best path to take the $40B group transportation industry to the next stage and we ar...

25Jul By AnkitaNo Comments

FUNDING

Sleep Wellness Brand Proper Raises $9.5M in Funding

NYC-based sleep wellness brand Proper raises $9.5M in funding led by Casa Verde Capital & Redesign Health. Cannabis-focused firm Casa Verde Capital is led by Snoop Dogg. Proper is a sleep wellness company combining evidence-backed, safe, and natural sleep formulations tailored to users’ needs with access to expert sleep coaching. “Proper aims to help solve what the CDC has identified as a public health crisis insufficient sleep with a truly more holistic and personalized solution,” said Ramamurthi, founder and CEO of Proper, in a statement. Proper developed sleep supplements in partnership with nutritional biochemist Dr. Alice Hirschel. Proper’s five formulations include; Core Sleep, Sleep+Restore, Sleep+Calm, Sleep+, Clarity, Sleep+Immunity. Consumers select and purchas...

17Jul By AdityaNo Comments

FUNDING

Vedantu raises $100 mn in funding from Coatue

New Delhi, 17th July 2020: Online live tutoring platform Vedantu raises $100 million (about ₹752 crores) in funding, led by US-based investment firm Coatue. The Series D round also saw participation from existing investors as well including Tiger Global Management, Accel Partners, Omidyar Network, TAL, and WestBridge Capital. Vedantu's total fundraising has crossed USD 200 million. The latest $100 million funding round pushed Vedantu's valuation to USD 600 million. Rahul Kishore, managing director of Coatue, will also join Vedantu's board, it added. Vedantu said the latest infusion has made it the 'second most valued company in the Indian edutech space after Byju's. Indian edu-tech firm Byju's have the highest valuation of USD 10.5 billion. Vedantu has always believe...

Google invests $4.5 billion for 7.7% stake in Jio platforms

15Jul By PriyankaNo Comments

FUNDING

Google invests $4.5 billion for 7.7% stake in Jio platforms

Mumbai 15th July 2020: Google acquired a 7.7 percent stake of India's leading online company Jio platforms for $4.5 billion, adding to a series of large U.S. investments into an India based online venture that has nearly 400 million users in India. The global search leader is acquiring 7.7% of the fast-growing internet unit for 337.4 billion rupees, Reliance Chairman Mukesh Ambani said in a Reliance AGM event. Google, whose Android software runs on most smartphones, will help Jio create an entry-level, affordable mobile device, he added. Google joins rival Facebook Inc., which recently invested $5.7 billion toward a 9% stake of Jio. Total 14 investment came in Reliance Jio in the last two months which includes chipmakers Intel Corp. and Qualcomm Inc etc. Jio is a highly prefe...

13Jul By PriyankaNo Comments

FUNDING

Incnut Digital raises USD 4 mn in series A funding led by RPSG Ventures

New Delhi, Jul 13, 2020: Media and eCommerce startup Incnut Digital raises around USD 4 million (approx Rs 30 crore) in a Series A funding round led by RPSG Ventures, a fund backed by RP-Sanjiv Goenka Group. Series A funding is typically the first round of institutional funding that could be led by one or more investors. Incnut Digital, in a statement said it has raised around USD 4 million funding in Series A from RPSG Ventures, an early stage consumer-centric venture capital fund backed by RP-Sanjiv Goenka Group as its sponsor investor. Incnut Digital, which owns and operates online beauty and wellness community StyleCraze and parenting network MomJunction and personalised beauty care brands - SkinKraft and Vedix, said the funds will be utilised for strengthening and expanding i...