Tuesday, November 5

Tag: First Circle

Top Five Funding News of the Last Week (1st Oct – 6th Oct)
6Oct By Gauri SinghNo Comments
FUNDING

Top Five Funding News of the Last Week (1st Oct – 6th Oct)

Funding is an important and vital part of businesses these days. Through funding, businesses expand aggressively in the market and give a fight to the other competitors in the space. The company that raised the maximum funds this week was Droom that raised an amount of $30 million. This week was very eventful in terms of fundraising as many companies raised funds for various purposes and also various backers participated in this funding week. Here we have the list of top five funding activities of the week.     1. VAHDAM TEAS   An Indian online tea brand called Vahdam Teas has reportedly raised funds amounting to $2.5 million (Rs 16 Crore) in its third institutional round of fundraising. This round was led by existing investor Fireside Ventures. With thi...
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Philippines-based First Circle Raised $25 Million for Regional Expansion
3Oct By Gauri SinghNo Comments
FUNDING

Philippines-based First Circle Raised $25 Million for Regional Expansion

Philippines based SME lending platform First Circle has reportedly secured funds amounting to $26 million in a fresh funding round. This round was led by Venturra Capital. The other backers that participated in the funding round were Insignia Ventures Partners, Hong Kong’s Silverhorn Investment Advisors, and Tryb Group. The company plans to use these funds for the purpose of regional expansion. Prior to this, the company raised $2.5 million, including a $1.3 million seed round 18 months ago. Founded by Irish duo CEO Patrick Lynch and CTO Tony Ennis, the goal of the company is to help small businesses scale by offering them short-term loans. “A lack of access to capital is a problem that faces tens of thousands, if not hundreds of thousands, of businesses in the Philippines,” Patrick...
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