- Yup, formerly known as MathCrunch, has picked up $4 million in seed funding from new and existing investors, including Stanford University’s StartX Fund and SOMA Capital. To date, the company has raised $7.5 million. Designed for high schoolers, Yup is a mobile-first (they know their target audience) app that gives students on-demand access to tutoring help for physics (up to AP Physics I and II level), math (up to AP Calculus AB), and chemistry (up to AP Chemistry level).
- Onfido, provider of identity verification and background checks, has closed a $25 million Series B round of funding from Idinvest Partners, Wellington Partners, and CrunchFund. In total, the company has raised over $30 million from those investors in addition to Oxford University, which is where the three co-founders met.
- Covalent Data, Inc., a Denver, CO-based provider of an innovation intelligence platform, completed a $1.2 million Series A-1 financing. The round was led by High Country Venture.The company, which has raised $4.8 million to date, intends to use the funds to focus on the output of individual research scientists.
- Singapore-based TabSquare raised its series A round worth $2.6 million. The round is led by Walden International and is joined by Infocomm Investments, Philip Private Equity, and Raging Bull, the Singapore-based investment company started by Thai Express restaurant chain founder Ivan Lee. Tabsquare will use the funding to strengthen its position in the Singapore market, further develop its technology platform, and expand to regional markets.
- MathCrunch, a mobile app that provides on-demand tutoring for students, rebrand to Yup, and that it has expanded its services to support Chemistry and Physics. Yup raised $4 million in seed funding from existing and new investors, including Stanford University’s StartX Fund and SOMA Capital. The new funding brings Yup’s total funding to $7.5 million. Yup will use the funding to grow its user base and further develop its Personalized Inquiry Learning™ framework to combat the growing cheating problem among online tutoring services.
- CareerFoundry, a German online IT training platform, raised $5 million (£3.5 million) in a Series A round, with investors including Tengelmann Ventures, Bauer Venture Partners and IBB Beteiligungsgesellschaft. It follows a €1.2 million (£850,000) seed funding found last June. CareerFoundry says it is trying to plug the IT skills gap across Europe by offering short professional courses supported by professional mentors.
- Delhi-based Mobile Beauty and Wellness services startup Vyomo, which is already backed by YouWeCanVentures, raised about $15 million in Series A round of funding led by salon chain Naturals. With this investment, Vyomo has been re-branded itself as Naturals @Home. The Rs 100 crore that comes from the deal will be used to develop technology and expand aggressively to meet customer demand, Khare said. The management at Vyomo won’t change, and the board will have representation from both entities, he said.
- Imara, Inc., an orphan drug company formed by Cydan Development, a Cambridge, Mass.-based orphan drug accelerator dedicated to creating therapies for people living with rare genetic diseases, raised $31 million in a Series A round of funding. Backers included New Enterprise Associates, Pfizer Venture Investments, Lundbeckfond Ventures, Bay City Capital and Alexandria Venture Investments.
- ACCO Semiconductor, a CMOS RF solutions for smartphones and IoT, closed a $35 million funding round led by Bpifrance, one of the largest funding commitments to a semiconductor company. The French-American company whose main R&D center is based in Louveciennes, located in the western suburbs of Paris, is currently accelerating its business into various brands of mobile phones now found in several countries throughout Asia and Europe.
- Organogenesis Inc., a global leader in advanced wound care innovation and technologies, raised approximately $30 million in capital from existing investors to support a significant expansion of the company’s commercial operations, sales force, PuraPly product line, and new product development in the wound care and surgical fields.
- Quartet, a NYC-based clinically-guided technology company integrating behavioral and physical healthcare, raised $40 million in Series B funding. The round was led by GV (formerly Google Ventures), with participation from existing investors Oak HC/FT Partners, F-Prime Capital Partners, and Polaris Partners. With the new round of funding, Krishna Yeshwant will also join the company’s Board of Directors.
- China-based artificial intelligence platform for health data company iCarbonX is now valued at approximately $1 billion after completing a Series A round of financing recently. The round was led by Chinese Internet company Tencent, and saw participation from an existing investor Vcanbio Cell & Gene Engineering Corporation, Ltd. The funds will be used to produce and collect data, analyse the data collected, and improve its artificial intelligence model for further data analysis.
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: articles.glofin.com
