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...

Google acquires 6.6% ownership in ADT for $450 million

3Aug By PriyankaNo Comments

ACQUISITION

Google acquires 6.6% ownership in ADT for $450 million

BOCA RATON, Fla., Aug. 03, 2020-- Internet giant Google to invest $450 million to acquire 6.6% ownership in ADT. ADT, a leading provider of security and smart home solutions, and Google are entering into a long-term partnership to create the next generation of smart home security offerings. The partnership will combine Google’s award-winning Nest hardware with ADT’s trusted security, professional installation, and monitoring service to create a fully integrated set of devices, software and services for the secure smart home. The partnership will integrate Google’s hardware and services and ADT’s DIY and professionally installed smart home security solutions to innovate the residential and small business security industry. The future ADT + Google helpful home security solution...

MENA $659 million investment boost for startups during COVID-19

27Jul By PriyankaNo Comments

MIDDLE EAST

MENA $659 million investment boost for startups during COVID-19

The Middle East startup ecosystem is set to uncover another startup unicorn, according to experts amid a $659 million investment boom during the COVID-19 crisis. The record-breaking regional funding surge comes despite global startup funding in the first quarter of this year seeing the biggest downturn since the 2008 financial crisis, according to research from Crunchbase. Across the Middle East there are ongoing efforts to build VC Communities and startup ecosystems from scratch, as part of region-wide economic diversification efforts. One woman at the forefront of driving this movement is Areije Al Shakar, Fund Director of Al Waha Fund of Funds, the Bahraini government fund established to kickstart a VC community across MENA. Now, experts like Al Shakar are predicting that 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...

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...

11Jul By AnkitaNo Comments

FUNDING

EV Automobile Company Rivian raises $2.5B in funding

Detroit, 11th July 2020: Tesla rival electric vehicle startup Rivian raises another USD 2.5 billion in funding led by funds and accounts advised by investment firm T Rowe Price. The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in Normal, Illinois. Rivian also is rolling out a pickup truck and an SUV for sale to consumers next year. The company said Friday that investors in this round include Soros Fund Management, Coatue, Fidelity Management, and Research, and Baron Capital Group. Amazon and hedge fund BlackRock have invested previously and also are part of this round, Rivian said. The new investment won't bring any more seats to the Rivian board, the company said. In April of 2019, Ford in...

E-commerce Firm Flipkart Invests $35 Million in Arvind Fashion

9Jul By NitishNo Comments

FUNDING

E-commerce Firm Flipkart Invests $35 Million in Arvind Fashion

Walmart owned Flipkart Group said that it has invested $35 million (₹260 crores) to acquire a significant minority stake in Arvind Youth Brands, a subsidiary of Arvind Fashions Ltd (AFL). Walmart owned Flipkart group has subsidiaries including Flipkart, Myntra, and PhonePe ranging from eCommerce to digital payment space. Arvind Youth Brands which owns the clothing brand Flying Machine have a 40-year legacy and the group started selling its merchandise on Flipkart and Myntra for more than six years. Through this investment, Flipkart Group and Arvind Fashions will work collaboratively to identify opportunities and synergies to innovate and develop products with strong value propositions at attractive price points, the companies said in a joint statement. Kalyan Krishnamurthy, the...

8Jul By AnkitaNo Comments

FUNDING

IT Security Firm Securden raises funding from Accel Partner

San Francisco, July 8, 2020: IT security startup Securden Inc has received USD 1.2 million in a seed investment round led by global venture capital firm Accel, a top company official said. According to company co-founder Balasubramanian Venkatramani, the funding would be used for taking up the company's marketing, research, and development among others, a statement said. Securden is engaged in preventing identity thefts, malware propagation and insider threats among many others, a company statement said. The investment round builds on Securden's momentum as a company witnessing rapid adoption by enterprises across various sectors including banking and financial, healthcare, education, and government among others. The funding of USD 1.2 million (about Rs 9 crore) has seen partic...