Weekly funding highlights 14 August 2020

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Weekly funding highlights 14 August 2020

August 14, 2020

Weekly funding highlights 14 August 2020

CloudPay, a company that provides managed global payroll services through a cloud solution that ensures consistent & compliant international payroll, has announced a $35 million (€29.6m) Series D round led by Runway Growth Capital, with participation from existing investors Rho Ventures and Pinnacle Investment Partners. CloudPay reports in the article that in 2019, it has achieved over 30% growth and also is awaiting the same high rate in this year as well. Read more

mPulse Mobile, a provider of Conversational Artificial Intelligence (AI) solutions for the healthcare industry, raised more than $16m (€13.5m) in Series C funding. The round was led by Optum Ventures and includes existing investors HLM Venture Partners, OCA Ventures, SJF Ventures, Echo Health Ventures and Rincon Ventures. With the new raised money, mPulse Mobile plans to expand its product’s capabilities, improve their analytics platform, while also looking to expand into the healthcare sector. Read more

Vitesse, a fintech company that provides international payment services to banks, insurances, and businesses through a globally distributed payment networks, has raised £6.6 million (€7.3m) in Series A funding. The round is led by Octopus Ventures, with participation from existing backers, including Hoxton Ventures and various angel investors. The money will be used for growth and expansion into the US market and also in its banking capabilities in order to meet customer demands. Read more

Fintech startup Routable, which helps companies speed up their business payments using a secure invoice and bill payment platform, raised $12M (€10.1m) to streamline business payments. Routable’s investors include Y Combinator, Founders’ Co-Op, Lee Fixel, Box Group, Liquid 2 Ventures, Jason Gardner, Gokul Rajaram, Aaron Schildkrout, Sam Hodges, Immad Akhund, and others. Total funding to date is $16 million (€13.5m). Read more

CryptoKitties’ creator Dapper Labs has secured $12 million (€10.1m) in investment from blockchain venture capital notables and pro-NBA players, in order to use it for its Flow blockchain. New investors include Coinbase Ventures, BlockTower Capital, and NBA players Andre Iguodala of Miami Heat, Spencer Dinwiddie and Garrett Temple of the Brooklyn Nets, JaVale McGee of the Los Angeles Lakers, and Aaron Gordon of the Orlando Magic. Read more

Stream company, providing scalable and fast API for building social networks, activity feeds, activity streams and chat apps, raised $15M (€12.7m) Series A round from GGV Capital and 01 Advisors, Knight, Arthur Ventures, and other backers, including Datadog CEO Olivier Pomel and GitHub cofounder Tom Preston-Werner. Read more

Fintech Blend, which offers a digital lending platform to banks, raised $75 million (€63.5m) as refi boom boosts demand for fintech’s services in a series F round led by Canapi Ventures, a venture capital firm. With the new sum, the company plans to accelerate its development for their digital platform. Existing investors Temasek, General Atlantic, 8VC, Greylock and Emergence also participated in the round. Read more

Remote working fintech Deel launched in Europe, seeing a 200% surge in customer growth and a 600% increase in revenue. Deel has now in their portfolio of clients company WeTransfer. Deel’s $14m (€11.8m) Series A funding round was raised entirely remotely and has fully funded the new fintech’s launch. Read more

Trumid, fixed income e-trading platform, secured $200 million (€169.4m) investment. The recent funding round was led by Dragoneer Investment Group and included private equity firm TPG, as well as funds managed by BlackRock and T. Rowe Price funds. The company plans to invest these funds into developing further innovations for their network. Read more

Habito, a digital mortgage brokerage service company, received £35 million (€38.8m) in Series C, was led by new investors Augmentum Fintech, SBI Group and mojo.capital, with participation from various existing investors including Ribbit Capital, Atomico and Mosaic Ventures. The new sum will be used by Habito to provide digitalization for home financing and also buying. Read more