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Weekly funding highlights 21 August 2020

Robinhood is an American financial services company that offers a mobile app and website to give people the ability to invest in stocks, ETFs, and options through Robinhood Financial and crypto trading through Robinhood Crypto. Robinhood closed $200m (€169.96m) series G funding from investor D1 Capital Partners, with a valuation of $11.2bn (€9.52bn). With the new funding, the company plans to expand its staff and also hire new registered financial services representatives. Read more

PayActiv, a holistic financial wellness platform for employees to get on-demand access to earned but unpaid wages, has secured $100m (€84.89m) in series C funding from investors Eldridge with participation from  Generation Partners and the Ziegler Link•Age Fund II. With the new sum, PayActiv will be able to provide excellent services for its existing clients and also expand its customer base. Read more

Keeper Security, a password manager application and digital vault, closed a $60m (€50.9m) first funding round from Insight Partners. With the new received sum, Keeper Security plans on accelerating its product innovation and also developing its customer and business base on a global level. Read more

Grafana Labs, platform for querying, visualizing, and alerting on metrics and logs, raised $50m (€42.49m) in Series B funding from investors Lightspeed Venture Partners, with participation from Lead Edge Capital. With the new funding, the company plans to expand and accelerate its product roadmap in key areas across its open and composable observability platform and also preparing to launch its Grafana Accelerator Program (GAP), meant to help new companies from the Grafana ecosystem. Read more

BlockFi, a secured non-bank lender that offers crypto-asset-backed USD loans to crypto-asset owners, raised $50m (€42.49m) in Series C funding, led by Morgan Creek, with participation from investors Valar Ventures, as well as CMT Digital, Castle Island Ventures, Winklevoss Capital, SCB 10X, Avon Ventures, HashKey, among others. With the new funding, BlockFi will be able to expand its business and product offering, including the forthcoming release of a bitcoin rewards-based credit card. Read more

Kin Insurance, a fully-licensed home insurance technology company that provides affordable coverage to homeowners, has raised $35m (€29.74m) in Series B funding from investors Commerce Ventures, with participation from Hudson Structured Capital Management, Flourish Ventures, QED, Alpha Edison, Allegis NL Capital, Avanta Ventures, August Capital, and the University of Chicago, via its Startup Investment Program, and others. With the new raised funding, Kin Insurance aims at expanding its operations and business. Read more

Other funding we found interesting:

  • SpyCloud, a company focused on preventing account takeover fraud with proactive solutions, raised a $30m (€15.49m) Series C funding. Read more
  • Incomlend, an online multi-currency invoice exchange platform connecting businesses and private funders, raised $20m (€17m) in its Series A funding. Read more
  • Anchanto, a B2B SaaS product company, raised S$16.6 million (€10.29m) in Series C funding. Read more
  • Simplebet, a B2B product development company using machine learning and real-time technology, closed its series B funding of $11m (€9.35m). Read more
  • Lana, a personal finance fintech platform, has secured a $12M (€10.20m) Series A funding. Read more
  • ELEMENT, an InsurTech startup, raised €10m for its Series A round. Read more
  • Moov Financial, a portable, extensible, open-source platform for embedding banking services within any application, has raised $5.5m (€4.68m) in a seed funding. Read more


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