Daily Funding Roundup


Daily funding roundup - August 28, 2018

Andreessen Horowitz leads VGS's funding; Canvass Analytics raised $5M to explore AI applications

Innovation series by Kristin Karaoglu
August 28, 2018
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  • Very Good Security: Very Good Security (VGS) is a data security company founded in 2015 by established and driven entrepeneurial engineers, Mahmoud Abdelkader and Marshall Jones, who have a substantial history of payments and security focused engineering within financial and commercial institutions. Andreessen Horowitz is leading an $8.5 million Series A for VGS, and its partner Alex Rampell is joining the board. The round also includes NYCA, Vertex Ventures, Slow Ventures and PayPal mafioso Max Levchin. Read more » 
  • Spotinst: Spotinst provides SaaS optimization platform that helps companies purchase and manage excess cloud infrastructure capacity. Spotinst is a virtual cloud agnostic layer that functions as a multi-cloud enabler. It intelligently facilitates the balance between different infrastructure purchase options and offer line of smart infrastructure products that bring the public cloud experience to any hardware or facility. Spotinst has raised $35 million in a series B round of funding led by Highland Europe, with participation from Intel Capital, Vertex Ventures, and Leaders Fund. Read more » 
  • SkyRyse: SkyRyse is an air mobility company on a mission to connect everyone with the people and places that matter most. SkyRyse is creating affordable, safer air transportation by incorporating advanced sensing and perception technology into existing aircraft. CA-based company, raised $25m in seed and Series A funding. The rounds were led by Venrock, with participation from Eclipse, Stanford University, Industry Ventures, Trucks VC, Cantos, and Engage Ventures. Read more »
  • SFOX: SFOX is a cryptocurrency prime dealer that provides professional traders and institutional investors higher returns when trading large volumes, through smart routing and a global integrated order book. SFOX has closed a $22.7 million round of Series A funding, led by Arjun Sethi from Tribe Capital and Social Capital. Read more »
  • MINES: MINES offers a digital Credit-as-a-Service platform to domestic banks, mobile operators, retailers, and payment processors. Our platform includes components such as APIs, frameworks, consumer insights tools and expertise on best practices that enterprise partners can use to build transformative consumer credit services in emerging markets. MINES closed a Series A round of US$13 million led by The Rise Fund, a global fund managed by TPG Growth. Also participating are Velocity Capital, Western Technology Investments, First Ally Capital, X/Seed Capital, NYCA Partners, Persistent Capital, Singularity Investments, Trans Sahara Investments and the Bank of Industry. Read more »
  • Canvass Analytics: Canvass Analytics is an AI-based predictive analytics platform designed for the Industrial Internet of Things--helping manufacturers turn operational data into transformative business insight. Canvass Analytics raised $5 million funding round to explore applications of AI in industrial settings. The round was led by Gradient Ventures, an AI-focused investment fund created by Google in 2017. Read more »
  • is a PropTech startup and the leading iBuyer in the Europe providing instant offers for apartment owners. We have developed the world’s most accurate AI-powered real estate data platform and revolutionary service concept redefining how people sell and buy homes. has completed a 1.7 million-euro funding round led by Speedinvest x and Schibsted and supported by to expand to new EU cities. Read more »
  • WeeCare: WeeCare empowers caregivers to create sustainable home daycare businesses, while making affordable, quality childcare accessible to all families. The WeeCare platform provides caregivers, educators and parentprenuers the tools and support needed to start a licensed home daycare, fill to capacity and effortlessly manage operations so they can focus on caregiving. Families using WeeCare have access to safe, affordable and curriculum-based daycare WeeCare raised $4.2M led by Social Capital. Read more »
  • Codelicious: Codelicious creates access and remove barriers to teaching and learning computer science. They believe in the importance of building foundational skills early to prepare our future workforce. Codelicious builds confidence in educators and students in the classroom by providing instant access to computer science curriculum for grades 3-8 that any educator can teach. Codelicious announced a close to its $940,000 financing round, oversubscribing the $500,000 goal. Investors included Collina Ventures, GRE Capital and Elevate Ventures, among others. Read more »
  • BlueNalu: BlueNalu's mission is to be the global leader in cellular aquaculture, providing consumers with great tasting, healthy, safe, and trusted seafood products that support the sustainability and diversity of our oceans. San Diego-based BlueNalu has raised $4.5m in a seed round led by New Crop Capital and joined by a coalition of 25 venture organizations and individuals from the US, the UK, Hong Kong, Israel, and Luxembourg. Read more »

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to If you want a longer write-up, please do give us a couple days heads up. If you'd like to be included in our Today's Entrepreneur column, please send me your Vator profile. 

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