funding | Pixr8 News

1Nov By AdityaNo Comments

FUNDING

Company data Management Platform Crunchbase Raises $30 Million Funding

1st Nov, 2019: Company data management platform Crunchbase raises a $30 million dollar Series C funding round from OMERS Ventures. The funding round was also participated from existing investors Emergence, Mayfield, Cowboy Ventures, and Verizon Ventures. "We had way back when we spun out of AOL/Verizon and TechCrunch in 2015. It’s the beginning of some big product and team investments that we hope will make Crunchbase even more useful for all of our users," said Crunchbase on its blog. Launched in 2007, Crunchbase is simply a quick reference tool at the bottom of a news site. Twelve years later, Crunchbase is an independent company, has one of the most visited websites in the world, a data platform with killer applications, billions of API ...

31Oct By AnkitaNo Comments

FUNDING

Brut. Raises $40M in New Funding, Launch Operation in USA

NEW YORK, 31st Oct 2019-- Leading next-gen global digital media brand Brut. officially launched in the USA. Brut. also announced that it raises $40M in Series B funding led by Red River West and blisce/. Other investors include Aryeh Bourkoff, Founder and CEO of LionTree LLC, and Eric Zinterhofer, Founding Partner of Searchlight Capital Partners. The company will use this new fund to continue its worldwide expansion, starting with bolstering its operations in the U.S. “Conversation has been the biggest revolution in media consumption,” said Guillaume Lacroix, founder, and CEO of Brut. “We are engaging the most aspirational audience millennials and Gen Zers and sparking positive social dialogue around key issues. Our editorial tackles the topics that are most important to...

30Oct By PriyankaNo Comments

FUNDING

Jungle Ventures Raises $240 Million

SINGAPORE, Oct. 29, 2019-- Jungle Ventures, one of Southeast Asia's largest early-stage venture capital firms closed its third fund Jungle Ventures III. The firm raised a total of $240 million, which includes $40 million raised in separately managed account commitments, for investments in innovative technology and digital-driven consumer businesses across Southeast Asia. Jungle raised more than double the amount of its previous fund, Jungle Ventures II (2016), with nearly 60% of committed capital coming from outside Asia. More than 90% of the capital came from institutional investors spanning North America, Europe, the Middle East, and Asia, with new investors accounting for nearly 70% of the fundraising, and returning investors for the rest. Investors range from endowments, fund...

25Oct By AdityaNo Comments

FUNDING

AI startup Crediwatch raises $3.2M funding

Crediwatch, a Bangalore-based fintech company building AI/ML tools to help the financial services industry reduce credit risk, has secured US$3.2 million in Series A funding. The funding round was led by ARTIS Labs. Abstract Ventures also participated in this round. The funding will accelerate R&D and commercialization of Crediwatch’s platform. Prior to this round, Crediwatch has raised US$1.6 million. Crediwatch is a ‘data insights-as-a-service’ company that provides lenders, businesses with actionable credit intelligence on private entities they need to improve trust and increase their lending and trading activity. Crediwatch does this with no human intervention by deploying the latest practical AI and technology tools that provide the most reliable comprehensive real-ti...

24Oct By NitishNo Comments

FUNDING

Credenc Raises $2.5 Mn in Funding led by Omidyar Network India

Credenc, an education loan platform raises $2.5 million (Rs 17.8 crore) in a seed funding round, led by Omidyar Network India. The funding round also saw participation from EMVC, Better Capital and IIMK Alumni Fund, a statement said. The start-up intends to build up a loan book of USD 500 million (over Rs 3,500 crore) over the next five years, it added. “The capital raised shall be used to expand operations to a 1,000 colleges across 50 cities over the next two years. Credenc also plans to hire across technology, credit and banking partnerships,” it said. The New Delhi-based company was founded by Avinash Kumar and Mayank Batheja in 2017. The start-up has approved loans worth over Rs 100 crore (USD 15 million). Currently, only 5 per cent of the about USD 50 billion annual sp...

24Oct By AdityaNo Comments

FUNDING

PeeSafe Raises $4 Million Series A Funding

NEW DELHI, 24th Oct 2019: Hygiene and wellness brand Pee Safe have raised $4 million in Series A funding led by Alkemi Growth Capital. The company, which has raised $2 million previously (June 2017 and January 2018), will use the capital for strengthening R&D, product development and strengthening the distribution of its products. "Apart from helping with product development and other aspects, the capital infusion will help us support our talent needs in areas such as sales, marketing and finance," Pee Safe founder Vikas Bagaria told Pixr8. The company will hire about 20 people by the end of the year to take its headcount to over 100 people, he added. The company, whose product portfolio include toilet seat sanitiser, sanitary napkins and anti-pollution dust masks, is also ...

23Oct By AnkitaNo Comments

FUNDING

WeWork Raises Funding from SoftBank Group

NEW YORK & TOKYO-- The We Company and SoftBank Group announced an agreement under which SoftBank commits to provide significant funding to the WeWork. This includes $5 billion in new financing and the launching of a tender offer by SoftBank of up to $3 billion for existing shareholders. Additionally, SoftBank will be accelerating an existing commitment to fund $1.5 billion. The funding provides WeWork with significant liquidity to execute its business plan to accelerate the Company’s path to profitability and positive free cash flow. After closing, and following the tender offer, SoftBank’s fully diluted economic ownership of WeWork will be approximately 80 percent. Since SoftBank will not hold a majority of voting rights at any general stockholder meeting or board of d...

West Creek Raises $150 Million to Expand its Point-of-Sale Financing

19Oct By AdityaNo Comments

FUNDING

West Creek Raises $150 Million to Expand its Point-of-Sale Financing

RICHMOND, Va.-- West Creek, a fast-growing fintech company that provides innovative point-of-sale financing, announced it secured a $150 million credit facility from Pollen Street Capital, bringing West Creek’s total credit facility capacity to $250 million. This expanded capacity enables West Creek to maintain its rapid growth. Since 2015, West Creek’s revenue has grown over 4,400% and will surpass $200 million for 2019. West Creek partners with over 8,000 retailers nationwide and has helped over 250,000 customers in purchasing essential items, including furniture, mattresses, appliances, tires, and HVAC systems. “This new credit facility represents a significant milestone for West Creek and allows us to continue to transform point-of-sale financing,” said Rajesh Rao, chief financia...

18Oct By AdityaNo Comments

FUNDING

Ekos Raises $8 Million Series A Funding

CHARLOTTE, N.C.-- Ekos, the leader in business management software for independent craft beverage companies has secured an $8 million Series A investment round. This Series A is the first outside investment into Ekos, which has been self-financed to date, and represents one of the Charlotte area’s largest Series A investments in recent history. This funding round is being led by Noro-Moseley Partners, an Atlanta-based venture capital firm that invests in early growth information technology and healthcare businesses with rapidly scaling revenue, a capital-efficient model and a clear pathway to profitability. Alan Taetle, General Partner, and John Ale, Principal, from Noro-Moseley Partners will join the Ekos board of directors. Ekos partners with more than 1,700 craft producer...

17Oct By AdityaNo Comments

FUNDING

Water Management startup WEGoT raises USD 2 mn seed funding

An integrated water management solutions startup WEGoT has raised USD 2 million (about Rs 14.2 crore) in seed funding led by GoFrugal, Shyam Shekar from iThought, and Brigade Enterprises Ltd. Other leading investors Vibhu Natarajan (Director at Grotech Landscapes), Rajagopal S from Entrust, Joydeep Ponugoti (Manbhum Constructions) and Promod Kumar also participated in this round. "This capital infusion will be used predominantly to strengthen its Internet of Things (IoT)-enabled product portfolio, scale its presence in India. The company also plans to invest in recruitment and hopes to double its employee base in the next 6-months for R&D, and sales and marketing," it added. The solution is subscription-based, wherein the company gives the product free and users pay a monthly ...

14Oct By AdityaNo Comments

FUNDING

Bewakoof.com raises $11.2 mn funding from Investcorp

Global alternative asset manager Investcorp invested USD 11.2 million (about Rs 79.5 crore) investment in Bewakoof.com. Founded in 2011 by Prabhkiran Singh and Siddharth Munot, Bewakoof.com is a direct-to-consumer online apparel company. IndigoEdge was the advisor to Bewakoof.com for the deal, a statement said. Bewakoof.com has strengthened its sales to more than 650,000 products per month with a customer base of over 4 million. "Having grown significantly in the last couple of years, we will continue investing in improving the customer experience through technological innovation and focusing on talent acquisition," Bewakoof Brands co-founder and Director Prabhkiran Singh said. Gaurav Sharma, Co-Head of Private Equity, Investcorp India, said, Bewakoof.com has an impressive team...

12Oct By PriyankaNo Comments

FUNDING

Mobile Control Door Access Startup Nexkey Raises $6M Series A Funding

SAN MATEO, Calif., Oct. 12, 2019 -- Nexkey, an end-to-end provider of mobile access control solutions raises a $6 million Series A round led by Upfront Ventures. Manu Kumar's K9 Ventures, Mark IV Capital and Anand Chandrasekaran, former Head of Platform for Messenger at Facebook also participated in the round. Nexkey's secure, cloud-connected app turns any smartphone into a digital key, allowing businesses to do away with cumbersome keycards, fobs, and metal keys. Administrators can use the Nexkey app to send smart keys, manage when and how users can access a given space, and remotely unlock doors for guests. Nexkey also offers two unique hardware solutions that can turn any existing doorway into a fully functional smart door. The Nexkey Controller ties any electrified door, from...