- Habito, a London-based online mortgage broker, raised £1.5 million (approximately $2.13 million) in seed funding in a round led by Mosaic Ventures with participation from the CEOs of Transferwise and Funding Circle. The startup claims to analyse every mortgage on the market across 100 different lenders to enable consumers to complete their application in approximately 30 minutes.
- Sardex, a Serramanna, Italy-based commercial credit system for professionals and companies, raised €3 million (approximately $3.42 million) in funding. The round was led by Innogest with participation from Invitalia Ventures, Banca Sella Holding, Fondazione di Sardegna, Nice Group and Stefano Meloni’s Melpart. In conjunction with the deal, Meloni joined as president of Sardex. The company intends to use the funds to expand operations nationwide.
- Keranova, a company that develops instruments for ophthalmic surgery, raised series A funding of €4 million ($4.55 million). The round was led by Mérieux Développement in tandem with CEA Investissement. Additional support for the funding round came from French public investment bank Bpifrance, which contributed €1 million ($1.14m). The funds raised will finance the development of prototype surgical equipment and the preclinical study; a regulatory prerequisite for filing for approval of the clinical trial.
- Marxent, a provider of virtual reality (VR) and augmented reality (AR) for retailers and manufacturers, closed $10 million in Series B funding. The round, led by Detroit Venture Partners (DVP) and Stage 1 Ventures, brings the total invested in Marxent to $14 million. The funding will provide Marxent with capital to accelerate the growth of VisualCommerce, Marxent’s scalable virtual products platform that allows 3D products to be configured and visualized in AR and VR applications.
- Medical diagnostics company STAT-Diagnostica closed a Series C financing round totaling 25 million Euros/ $28.5 million. The proceeds will be used to prepare for the 2017 European launch of its DiagCORE Near Patient Testing system. Led by new investor Gilde Healthcare, the financing round also drew participation from existing investors, including Kurma Partners; Ysios Capital; Idinvest Partners; Boehringer Ingelheim Venture Fund; Caixa Capital Risc; and Axis.
- South Korea-based e-commerce company Ticket Monster raised $40 million from NHN Entertainment, a local entertainment and gaming conglomerate. Ticket Monster and NHN Entertainment have also signed a memorandum of understanding to allow NHN Entertainment to promote its convenience payment solution PAYCO via Ticket Monster, and further innovate the end-to-end e-commerce process from ordering an item to paying for it to receiving the goods.
- Oyo Rooms closed its fifth round of funding and raised $100 million led by existing investor Softbank. An international sovereign fund, Sequoia Capital, Lightspeed Venture Partners, Greenoaks Capital, DSG Consumer Partners and Venture Nursery also participated in the round. Oyo Rooms, an aggregator of hotel rooms in India was founded in 2013 and now has 65,000 rooms in 5,500 hotels across 177 cities.
VC’s Raising Funds
- Venture Capital firm Ivy Cap raised about $45 million (INR 300 Cr) for the first close of its second fund of $90 million (INR 600 Cr). Sponsor investor IIT Alumni Trust led the round as it chipped in $18 million (INR 120 Cr). Institutional investors from the first fund have also extended their commitment to the new fund. IvyCap Ventures focuses on investing in Healthcare, Education, Food based businesses, technology, ecommerce, and mcommerce domains.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv.
Image source: techinasia.com
