- Netskope,a company monitors and enforces policy over the sensitive data shared across the thousands upon thousands of cloud apps in use at businesses today, announced $75 million in Series D funding on Thursday. The round was led by Iconiq Capital. Existing investors Accel Partners, Lightspeed Venture Partners and the Social + Capital Partnership also participated in the round. Netskope had previously raised over $55 million, most recently a $35 million round in May of last year. The new round brings Netskope’s total amount of funding raised to more than $130 million.
- General classifieds site Afribaba Holdings has completed it’s funding deal with Frontier Digital Ventures to expand across French-West Africa. Founded in 2015, the firm began talks in July and by August things were nearly complete when we got a tip off of the deal. Temgo added that AH is supported by global experts in e-commerce and African markets. Temgo is now revamping the designs of his sites across the first few markets Afribaba is concentrating on and has taken up the role of CEO fulltime and is getting a team on ground in some of this markets.
- Wealth management giant AMP has just invested $1.5 million in fintech startup MoneyBrilliant, an online hub and mobile app which give users instant insight into their spending and finances. Established financial industry players, including the big banks, are under pressure from small startups trying to grab a share of the industry. It’s a booming industry with investment flooding into companies reinventing the way we do payments, lending and investing, and AMP wants to ensure that it has a stake in any new disruptive service in the sector. In the case of MoneyBrilliant, it gives users automatic access to their bills, spending and savings to see if they are tracking in the green or are slipping into the red against their latest pay slip.
- Harrisonburg Startup Company Blue Vigil has closed the $250,000 seed round, which was funded by private investors from the local community. Blue Vigil is in the process of commercializing a tethered hovering observation platform technology. The startup was developed through an innovative economic development program managed by Herndon based InnovateTech Ventures. Working in partnership with Mary Lou Bourne, Executive Director of James Madison University’s Office of Technology Innovation and Economic Development and a small group of private investors in Harrisonburg, InnovateTech identified the technology along with this promising startup. They recruited experienced entrepreneur, Todd Stave, to run Blue Vigil.
- Táximo, a portfolio company of Polymath Ventures just closed a 4.6 million round of investment, of which the main part is going to buy 80 taxis in Colombia, and the rest will be used to continue expanding the operation regionally. Táximo previously closed Series Seed and Series A rounds from Colombian and international investors. The investors were unnamed.
- CensorNet, a cloud security company, has raised £2million in Series A funding to power the next phase of growth. The funds will be primarily invested into bolstering its R&D for its popular platform, which helps organisations manage the risk of cloud applications in an increasingly mobile work environment. The round was led by Talis Capital, with existing investors and management participating. Vasile Foca has joined the board as investor director.
- Wrap Media, which focuses on helping companies create highly interactive bite-sized mobile web experiences for its users to engage with. The company announced that it had landed a $12.7 million Series B round of funding, led by Raine Capital and ProSieben with participation from Christopher Crain of Crain Communications, Dream Incubator, FF Angel LLC, Salesforce Ventures and Transmedia Capital. The company has raised $18.7 million to date.
- French fashion platform Vestiaire Collective has bagged a €33 million ($37 million) Series D round led by France’s Eurazeo and joined by previous backers Balderton Capital, along with Idinvest Partners, Condé Nast and Ventech. It is already serving users across 40 countries, has offices in Paris, London, New York and Berlin, but says it will use the funds to build its brand across the globe, with a focus on the US and Europe. Total funding to date for Vestiaire Collective has now reached €60m since it opened its doors in France in 2009.
- Zivame, Indian online lingerie retailer has announced that it has raised Series C round of Rs 250 crore ($40 million) from Zodius Technology Fund and Khazanah National Berhad, the strategic investment fund of the Government of Malaysia. Existing investors Unilazer, IDG Ventures and Kalaari Capital also participated in the round. The company plans to use the funds to continue dominating the category and provide a world class lingerie shopping experience to Indian women. The company also announced the launch of its app, the lingerie app for women in India.
- Online small business lender Prospa has secured $60 million in capital from a consortium of private equity investors, including The Carlyle Group and Ironbridge Capital. The proceeds from the capital raising, the largest to date by an Australian online lender, will be used to help fund additional Australian small businesses and support Prospa’s expansion in the local market. The co-investment is led by Carlyle, Ironbridge, Airtree Ventures and high profile private investor David Fite. Prospa’s original funder of the first round, Entree Capital, also contributed towards the $60 million raising.
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