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Latigo Biotherapeutics Raises $135M in Series A Financing

Finsmes · 1y ago

Latigo Biotherapeutics Raises $135M in Series A Financing

Armis, a San Francisco, CA-based asset intelligence cybersecurity company, acquired CTCI (Cyber Threat Cognitive Intelligence), a Beaverton, OR-based company specializing in AI-powered pre-attack threat hunting technology

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Digital lending startup LoanTap raises pre-Series C round

VCCircle

VCCircle · 2m ago

Digital lending startup LoanTap raises pre-Series C round

Digital lending startup LoanTap, supported by venture capital firms like 3one4 Capital, has secured Rs 54 crore ($6.2 million) in a pre-Series C equity funding round. The Pune-based company aims to expand its supply chain financing for small retailers. CEO Satyam Kumar emphasizes leveraging the momentum in India's MSME sector to enhance invoice financing and empower MSMEs. Founded in 2016, LoanTap offers personal and MSME loans, reporting improved financial performance in recent years.

LoanTap raises Rs 74 Cr to expand MSME supply chain financing

YourStory

YourStory · 1m ago

LoanTap raises Rs 74 Cr to expand MSME supply chain financing

LoanTap, a digital lending platform, has raised Rs 74 crore in a pre-Series C round to enhance its supply chain financing for small retailers. The funding includes Rs 54 crore in equity led by July Ventures and Rs 20 crore in venture debt. LoanTap's supply chain financing division, LT Credit, has financed over 4.5 lakh invoices worth Rs 1,000 crore for more than 50,000 retailers in two years, aiming to fund one million invoices next year.

B2B ecommerce unicorn Udaan raises fresh debt

VCCircle

VCCircle · 9m ago

B2B ecommerce unicorn Udaan raises fresh debt

B2B ecommerce platform Udaan has secured approximately Rs 300 crore ($40.6m) in debt financing from venture debt investors including Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. The funds will be used to strengthen Udaan's balance sheet, expand its geographical reach, improve operational efficiency, and enhance service delivery for customers. Udaan aims to continue leading the B2B market in the evolving business landscape. This debt funding follows a $340 million Series E financing round led by M&G Plc earlier this year. Udaan reported consistent growth and is on track to achieve profitability.

Electric Vehicle financing firm Mufin Green raises $5 Mn

Entrackr

Entrackr · 1y ago

Electric Vehicle financing firm Mufin Green raises $5 Mn

Electric vehicle financing platform Mufin Green Finance has raised $5 million in a debt funding round led by BlueOrchard. Last month, Mufin raised Rs 140 crore (approximately $17 million) in a Series B round of equity funding, on top of Rs 530 crore raised in debt funding, last financial year. The funds will be utilised to propel its initiatives in the green and energy space, driving innovation, and facilitating sustainable development, Mufin said in a press release. Founded in 2016 by Kapil Garg, Mufin Green Finance provides financing options for EVs across two, three and four-wheelers. With a presence in 16 states across India, it has financed EVs worth over Rs 350 crore to date. Mufin claims to have recorded a 12-fold growth in just two years. The AUM for Mufin Green Finance stood at Rs 502 crore as of December 2023 and the company is expecting to close FY24 with an AUM of Rs 650-700 crore. In the electric vehicle financing space, Muffin competes with Revfin, Finayo, Vidyut, OTO, evfin, and Hero FinCorp, among others. Recently, Revfin raised $14 million in a Series B round led by Omidyar Network.

Digital transaction monitoring startup VuNet Systems raises Rs 60 crore in Series B funding

Economic Times

Economic Times · 6m ago

Digital transaction monitoring startup VuNet Systems raises Rs 60 crore in Series B funding

VuNet Systems, a digital transaction monitoring startup, secured Rs 60 crore in Series B funding led by Pravega Ventures, with participation from Kotak Securities and others. The funds aim to expand VuNet's global presence, enhance product capabilities, and boost sales efforts. Founded in 2014, VuNet provides real-time IT operations insights to financial institutions using AI and ML, optimizing digital transaction workflows. VuNet's recent financing follows a previous $5 million Series A round.

Finmid raises $24.7M to help SMBs access loans through platforms like Wolt

TechCrunch · 1y ago

Finmid raises $24.7M to help SMBs access loans through platforms like Wolt

Berlin-based embedded fintech startup finmid has secured €23m ($24.7m) in a Series A funding round. The company focuses on marketplaces that wish to offer their own payment and financing solutions. The funding will be used to expand the firm's product and enter new markets. finmid believes it can win business across Europe, where smaller businesses typically turn to banks for loans. The startup argues that it is better for small-to-medium-sized businesses to access funding through their business partners rather than via a bank, and that marketplaces providing financing options can benefit from the data generated.

udaan raises nearly Rs 300 crore debt from funds including Lighthouse Canton, Stride Ventures, InnoVen Capital and Trifecta Capita

Economic Times

Economic Times · 9m ago

udaan raises nearly Rs 300 crore debt from funds including Lighthouse Canton, Stride Ventures, InnoVen Capital and Trifecta Capita

EB2B platform udaan has secured new debt financing of around Rs 300 crore from investors such as Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. This funding comes after udaan's $340 million Series E financing round. The company plans to use these funds to expand its geographical footprint, enhance operational capabilities, streamline supply chain processes, open new Micro-fulfilment Centres, and improve service delivery. Profitability is a key priority for udaan, and it aims to reinforce its leadership in the eB2B market.

Vehicle software supplier Applied Intuition raises $250 mln at $6 bln valuation

Reuters · 1y ago

Vehicle software supplier Applied Intuition raises $250 mln at $6 bln valuation

U.S.-based vehicle software supplier Applied Intuition has raised $250 million in its Series E funding round, resulting in a valuation of $6 billion. The funding was led by Lux Capital and angel investor Elad Gil, along with Porsche Investments Management. Applied Intuition plans to use the financing to invest in generative artificial intelligence (AI), aiming to strengthen Porsche's expertise in software and customer experience.

Tiger Global-funded Bizongo raises $50 Mn in Series E

Entrackr

Entrackr · 1y ago

Tiger Global-funded Bizongo raises $50 Mn in Series E

Bizongo, an e-commerce focused packaging company, has raised $50 million in a Series E funding round led by existing investor Schroder Adveq. The funding, which values the startup at $980 million, comes after a gap of over a year. Bizongo offers vendor management, supply chain automation, and supply chain financing services to its enterprise customers. The company aims to post a profit before tax in the fiscal year ending March 2024.

Kogta Financial raises $148 million from Ontario Teachers’ Pension Plan

Livemint

Livemint · 1y ago

Kogta Financial raises $148 million from Ontario Teachers’ Pension Plan

Indian non-banking financial company Kogta Financial has secured $148m in a series E funding round led by Ontario Teachers' Pension Plan. Kogta will use the investment to expand its product offerings and regional presence, as well as enabling it to offer partial exits to existing investors Morgan Stanley and Creador. The company, which specialises in secured vehicle and MSME financing, operates across 10 states in India with over 225 branches and 5,000 employees.

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