Weekly funding highlights 24 July 2020

Weekly funding highlights 24 July 2020

Weekly funding highlights 24 July 2020

UiPath, a leading robotic process automation vendor providing a complete software platform to help organizations efficiently automate business processes, announced a $225 million (€194m) Series E on an eye-popping $10.2 billion (€8.8 billion) valuation, from investors Alkeon Capital, Accel, Coatue, Dragoneer, IVP, Madrona Venture Group, Sequoia Capital, Tencent, Tiger Global, Wellington and T. Rowe Price Associates, Inc. Today’s investment. Read more

Bolt, a developer of an online payment platform used to drive e-commerce businesses with new found revenue and referred to as the world’s first checkout experience platform, raised $50 million (€43m) in a Series C round of funding led by WestCap’s Laurence Tosi. Bolt gives retailers and consumers more choice, control and flexibility over their transactions by managing the back end of the checkout – presenting payment options, securely processing payments, and mitigating fraud – while providing a seamless front end experience. Read more

Plum, the London and Athens-based fintech that offers a “smart” money management app to help you improve your “financial resilience,” has raised a further $10 million (€8.6m) in funding as it gears up for its European expansion. The investors are Japan’s Global Brain and the European Bank for Reconstruction and Development, which has participated in previous Plum funding rounds. Read more

American InsurTech Hippo has obtained the unicorn status by raising a $150m (€129m) round at a $1.5bn (€1.2bn) valuation in series E, led by FinTLV Ventures, Ribbit Capital, Dragoneer Investment Group and Innovious Capital. The company will use the money to expand its services, recruit new team members and to support a proposed acquisition of insurance carrier Spinnaker Insurance Company. Read more

Start-up Jirav raised $8.3 million (€7.1m) for its cloud-based financial planning software. Founded in 2015, the company helps customers monitor, analyze, and forecast their finances. Information Venture Partners led the round, which included participation from Bend, Seven Peaks Ventures and others with a total of $13.6 million (€11.7m). Read more

Scalable Capital – the Munich-based startup that has built a platform to monitor and manage investment portfolios investing in shares, trades and exchange traded funds – has closed a round of €50 million (€29m) to expand its business. Investors include BlackRock, HV Holtzbrinck Ventures and Tengelmann Ventures. It brings the total raised by the startup to €116 million. Read more

Financial crime fighting platform Quantexa has raised $64.7 million (€55.7m) in funding with support from HSBC and ABN Amro Ventures. The investors were: Evolution Equity Partners, and also further backing from Dawn Capital, AlbionVC, British Patient Capital and Accenture Ventures. With the received funds, Quantexa wants to move into new vertical industries such as the public sector, while developing more platform applications across financial services. Read more

Chipper Cash, which offers payment services across African countries (including Nigeria), has raised $13.8 million (€11.9 million) Series A funding, led by Deciens Capital, a US-based venture capital and private equity firm. The capital will enable the fintech firm to recruit about 30 new talents for its operations in places like Lagos, Nairobi, London, New York, and San Francisco where the company is based. Read more

Selina Finance is a digital business lender offering individuals fast and easy funding for business purposes in the form of flexible credit facilities, meaning you pay back only what you borrow, and you do that over time, rather than in one lump sum. Selina Finance recently raised £42 million (€46m) – £12 million (€13m) in equity and £30 million (€32m) in debt to distribute as loans from investors Picus Capital and Global Founders Capital. Read more

Episode Six, a developer of financial and payments products, has secured $7 million (€6m) in a recently closed Series A funding round, in order to focus on its expansion in Europe and Asia-pacific. The round was led by HSBC and received participation from Mastercard and SBI Investments, an existing investor in the company. Read more

Bond, an US startup connecting digital brands to banking partners, secured $32 million (€27m) Series A funding from Goldman Sachs and Mastercard. Coatue led the round, with participation from Canaan, B Capital, XYZ Ventures and angels including former Morgan Stanley CEO John Mack. Bond is building a fintech platform designed to act as a growth engine for “digital brands” that want to provide access to capital to their customers, and banking partners that want to grow by providing the underlying financial services. Read more

Branch, a tech-driven home and auto insurer, has closed a $24 million (€23m) Series A funding round that was co-led by Greycroft and HSCM Bermuda. Returning investors that participated in this funding round includes American Family Ventures and Revolution’s Rise of the Rest Seed Fund, and also new investors SignalFire, SCOR Global P&C, Elefund, Foundation Capital, and individuals from Stone Point Capital participated. Read more

Fintech startup Meemo launched its social finance app with a seed investment of $10 million (€8.6m). Saama Capital, Greycroft, Monashees and Sierra Ventures led the round with additional participation from Amit Singhal, Hans Tung and several former colleagues from Google and Snap. For the future, Meemo can work on sharing its message and preparing to raise a Series A round of funding in the next few months. Read more

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