Daily funding roundup - March 3, 2016

Mitos Suson · March 3, 2016 · Short URL: https://vator.tv/n/43b8
Banner-360x280

Mercari raised $74M; XJet secured $25M; Atomico led Series A funding in Mapillary

  • Medlanes, a Berlin, Germany-based digital health startup that provides medical advice and care online, raised a funding round of undisclosed amount. The round was led by AXA Strategic Ventures. The company intends to use the funds to expand its offering to new markets, start partnerships with insurance companies and broaden its service.

  • Divine Services Corp. a Cincinnati, OH-based provider of an on-demand valet parking service, raised a seed funding round of undisclosed amount. Queen City Angels made the investment. Randy Cantor, QCA lead investor, is also Divine Services board member. The company intends to use the funds for working capital and development.

  • FTCash, a mobile payments platform for micro merchants in India raised Rs. 1 Crore (approximately $148,500) in pre-series A funding from the IvyCamp VenturesThe funding is primarily for aggressive customer and merchant acquisition along with product development. Founded in late 2014, the company enables cashless transactions and allows the merchants / customers to use multiple payment options – wallets, cards, net banking etc., under one platform.

  • Financial Services & Analytics Institute, Imarticus Learning raised $1 million fundingExisting investors like Amit Nanavati, Investor and entrepreneur (IIMA Alumni), and new investors like Tashwinder Singh, Director– KKR, Anil Gudibande – 1 Crowd Founder/Ex MD RBS, Taranjit Jaswal – Director, Barclays and Amit Khanna – ex KPMG Partner have participated in the round. Blinc Advisors, a VC fund based out of Mumbai also participated in the round.

  • Dublin-based financial technology start-up Deposify raised €1.1 million (approximately $1.2 million) to fund a US expansion programme. The money was raised from a number of sources including Bank of Ireland’s Start-Up and Emerging Sectors Equity Fund, which is managed by Delta Partners. Funding was also provided by Escher Group Holdings plc, Enterprise Irelandand a number of angel investors.

  • Wrap Media, LLC, a cloud-based software company offering a mobile-first, interactive storytelling and commerce platform, landed an additional $4 million in funding from Dream Incubator and the formation of a strategic partnership to build Wrap's presence throughout Japan and other Asian markets. The funding is in addition to Dream Incubator's participation in Wrap's last $12.7 million Series B round in September. To date, Wrap has raised a total of $25.2 million.

  • Mapillary, a community-based photomapping platform, secured an $8 million Series A funding round led by Atomico, with participation from Sequoia, LDV Capital, and PlayFair. Mapillary partners with several nonprofits to help them improve infrastructure in developing countries around the world. The World Bank trains university students and local community members to use Mapillary in Dar Es Salaam, Tanzania, to create accurate maps of the most flood-prone areas of the city, and the Red Cross has been mapping Haiti so NGOs and individuals can use the data to better respond to crises affecting the area.

  • XJet, which develops technology for 3D printing for metal parts, raised $25 million in a funding round led by Israeli-Chinese private equity fund Catalyst CEL and design software maker Autodesk. Catalyst CEL Fund, which last month said it raised over $200 million, is a partnership between Catalyst Private Equity in Israel and China Everbright Ltd (0165.HK), a Hong Kong-based asset manager. The fund said it expects to help XJet penetrate China’s manufacturing sector.

  • Tokyo-based Mercari, a Japanese startup behind a consumer-to-consumer marketplace app of the same name, fundraised $74 million (8.4 billion yen) in a series D round. Participating investors include Globis Capital Partners, World Innovation Lab (WiL), Global Brain, Mercari’s board members, Mitsui & Co., Development Bank of Japan, and Japan Co-invest Limited Partnership. With the latest funding, the company has fundraised a total of $110 million (1.26 billion yen) since its launch in February 2013.

VC's Raising Funds

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: www.digital.je

Image Description

Mitos Suson

I am currently affiliated with Vator. I co-produce the Vator Events and enjoy the challenge. I am learning and growing a lot, being involved with Vator and I love it!

All author posts

Support VatorNews by Donating

Read more from our "Daily Funding Roundup" series

More episodes