Zebit closed a $10M funding; Knip raised $15.7M; IronNet Cybersecurity secured $32.5M
- Koukoi Games, raises $1Million to release globally mobile games with high production value. The company is strongly supported by Finnish business world as it succeeded on to gather a group of high-profile Finnish CEOs, CEOs of public listed companies, investors, entrepreneurs, companies and even one public listed company to invest into its business. Some of these investors are top-level influencers such as Kimmo Alkio, Jari Rosendal, Hannu Syrjälä, Stefan Björkman, Henry Nilert, Pauli Hentunen, Jarkko Veijalainen, Mikko Silventola, Jari Talvinen, Tore Teir, Keskisuomalainen Oyj, Profium Oy, Tulos Helsinki Oy, etc. – in total 25 parties invested in the company. The fundraising round was led by Frontier Singapore’s partners (www.frontier.fi) Mikko Silventola and Jari Talvinen.
- Boombox, which was launched by Movement Ventures, has raised $5.5 million in Series A funding. Pelion Venture Partners led the round with participation from other investors that included Kickstart Seed Fund and Peterson Partners. Based in Lehi, Utah, Boombox is a creative suite of tools that helps create interactive content.
- Door-to-door courier service Parcelled today raised a series A round of US$5 million. The round was led by Delhivery, an ecommerce logistics startup, and Tracxn Labs. The two also contributed an undisclosed amount toward Parcelled’s seed round. Parcelled conducts end-to-end delivery of package shipping and tracks the entire process from pickup to delivery. It works mostly with small ecommerce businesses, ecommerce returns, and gifting. The startup was started earlier this year by four ex-Flipkart employees: Xitij Kothi, Rikin Kachhia, Abhishek Srivastava, and Nikhil Bansal.
- Semiconductor startup Flex Logix Technologies has raised $7.4 million to commercialize its technology for designing flexible semiconductor chips. Mountain View, California-based Flex Logix has come up with a way to design cores for field programmable gate arrays (FPGAs) that allows a chip to change its identity, even after it has been shipped. A chip startup can use Flex Logix cores to set itself apart through intellectual property (IP) designs, a growing part of the $335 billion-plus chip industry and a strategy that has been pursued by successful IP companies such as ARM, Imagination Technologies, and Rambus. The financing round was led by dedicated hardware fund Eclipse Ventures (formerly the Formation 8 hardware fund) and included participation from founding investors Lux Capital and the Tate Family Trust. Shirish Sathaye of Formation 8 will join the Flex Logix board of directors.
- Zebit, Inc. today launched the first fully automated payment system that provides zero-interest credit to the 68 million Americans underserved by traditional financial services.The company also announced $10 million in Series A venture capital funding. The capital raise provides Zebit working capital for receivables, operations, and the expansion of its payment and ecommerce platforms. The financing round was led by Crosslink Capital and includes Wildcat Venture Partners, Leapfrog Ventures and Correlation Ventures.
- Signals Group, a data analytics company that delivers intelligence and insights to Fortune 500 companies to support product development strategy, today announced it has raised $15 million in Series B funding. The round was led by Sequoia with participation from existing investor TPY Capital. Shmil Levy, a partner at Sequoia Capital Israel, will join the Signals board. Signals stands out for its ability to support corporate decision-making by turning 'big data' into actionable insights for strategic commercial decisions. This is powered by an intelligence software platform that Signals developed to quickly transform multiple external data and unstructured data sources covering consumers, markets, and technologies into tangible insights on how to grow products and brands.
- Knip, the Swiss ‘mobile-first’ digital insurance broker, has closed a $15.7 million Series B round led by U.S.-based Route 66 Ventures. Germany’s Creathor Ventures and U.S.-based QED Investors co-led the round, while existing investors Orange Growth Capital and Redalpine Capital also participated. The company is talking up the Series B as the largest fintech investment in Switzerland to date.
- Former U.S. National Security Agency Director Keith Alexander's cyber security startup, IronNet Cybersecurity, said on Monday it had raised $32.5 million in a "Series A" funding round led by Trident Capital Cybersecurity. IronNet says its technology detects and mitigates anomalous activity in a company's cyber infrastructure using advanced behavioral models and analytics. The funding will help accelerate growth and scale the launch of the IronNet product line, Alexander, the company's chief executive, said in the statement.
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: elmcore.com
Kristin Karaoglu