Harrison.ai raised $92.3 million USD, Droplette secured $15.4M,Read more...
CrowdStrike landed $100M; Delphix raised $75M; Class Wallet closed $1.9M;
- ClassWallet, a platform for school funds disbursement and tracking, closed a $1.9 million round of seed financing. Total funding raised to date is $2.53 million. Investors include NewSchools Venture Seed Fund, Kaplan Ventures, William Guttman, as well as several edtech and fintech angel investors. Accelerated Growth Partners and other leading Miami-based angel investors, including MaverixLab, founded by former Noodle CEO Joe Morgan, continued their support by contributing to the round. ClassWallet is a graduate of the Kaplan EdTech Accelerator, powered by Techstars.
- Jakarta-based meal delivery service Berry Kitchen, raised a $1.25 million Series A led by Sovereign’s Capital, with participation from East Ventures. The company plans to use its new capital to grow its customer base five times through marketing; hiring for its operational and technology team; improving its tech platform, which manages all orders and deliveries; and building two kitchens to cover orders in the Jakarta area. Berry Kitchen is targeting expansion into other Indonesian cities first before launching in other Southeast Asian countries.
- Carlsbad-based iZSearch raised a round of seed funding, and also launched its web-based Internet search site. According to iZSearch, the company recently closed a seed funding round from the Tech Coast Angels and Integrity Applications Incorporated (IAI). Size of that funding round was not announced. According to iZSearch, it has developed an alternative Internet search engine, focused on privacy, minimal ads, and convenient navigation features.
- NexWafe, a Freiburg, Germany-based spin-off from the Fraunhofer Institute for Solar Energy Systems ISE, launched with seed funding from Fraunhofer Venture. The amount of the deal was not disclosed. Led by Founder and CEO Stefan Reber, and Frank CFO and co-founder Siebke, PhD, NexWafe will transfer Fraunhofer ISE’s kerfless wafer technology into production. Being based on epitaxy, the kerfless wafer, which has been developed throughout the last fifteen years, is a drop-in replacement for conventional wafers produced by a single-crystal ingot and wire sawing process.
- AdYapper, an ad technology startup that promises to help marketers keep better track of where their ads are running online–and ultimately save them money–secured $4.5 million in new funding. The Chicago-based firm,launched in 2013 via the startup accelerator program Techstars, pulled in the Series A funding from KGC Capital and a handful of other investors. The firm had previously raised $1 million from angel investors.
- Ameyo, a Bangalore-based company providing omnichannel customer and contact centre solutions, bagged around US$5 million in Series A funding from city-based private equity firm, Forum Synergies. The funds will be used to expand to the US, as well as to add new products in the contact centre and sales acceleration technology space.
- Azure Hospitality Private Limited owned and operated pan-Asian restaurant brand Mamagoto secured an amount of INR 650 million (approximately $10 million) from Goldman Sachs, a global investment bank. The raised investment will be used to further expand Azure’s three restaurant brands throughout India and in select markets abroad.
- CircleUp, a crowdfunding platform for consumer brands to raise money from accredited investors, closed a $22 million fund of its own to back a range of brands on the platform. The size of the fund nearly matches the amount CircleUp has raised for its own business. To date the company has picked up over $23 million from investors that include Canaan Partners, Google Ventures, Union Square Ventures and Maveron, among others.
- RedOwl, a leader in insider risk management and security analytics, has raised $17 million in Series B funding led by Allegis Capital. The company will use the new funds to continue its expansion, further build out the product development and data science teams, and begin broadening its go-to-market efforts. Reveal, RedOwl’s flagship software program for insider risk management, is deployed across multiple verticals and used within many Fortune 500 companies including Blackstone and K2 Intelligence.
- Fraunhofer Institute for Solar Energy Systems ISE announced the start of a new spin off company: NexWafe will transfer Fraunhofer ISE’s kerfless wafer technology into production. The start-up is being supported by seed funding from Fraunhofer Venture.
- Delphix, a Menlo Park, California-based provider of a Data as a Service platform, raised $75 million in funding. The round was led by Fidelity Management and Research Company with participation from Credit Suisse NEXT Investors, LLC, a fund managed within Credit Suisse Asset Management, The Kraft Group, and existing investors, including Greylock Partners, Lightspeed Venture Partners, and Icon Ventures. The company intends to use the funds to scale sales, marketing, and operations across global geographies and to invest in cloud, analytics, and data security technologies to maintain its leadership in Data as a Service (DaaS).
- US cybersecurity firm CrowdStrike landed $100 million in a funding round led by Google Capital. Rackspace Hosting and CrowdStrike's previous investors Accel and Warburg Pincus have also participated in Series C round. CrowdStrike, which had earlier raised $56m from three other investors, was founded in 2011 by Dmitri Alperovitch and George Kurtz. The company plans to use some of the money to expand its operations in Europe, Asia and the Middle East.
- Providence Strategic Growth Capital, an affiliate of Providence Equity Partners LLC, closed its first fund with $315 million of equity commitments. According to a news release, the fund was oversubscribed and exceeded its target of $250 million. The fund received commitments from many Providence investors, including corporate pensions, family offices and high net worth individuals, it stated.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to email@example.com.
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