Weekly funding highlights 9 October 2020

Weekly funding highlights 9 October 2020

Weekly funding highlights 9 October 2020

Tipalti (San Mateo, CA, US), an accounting software financial technology business, has raised $150 million (€127m), at a valuation of $2 billion (€1.69m), from Durable Capital Partners, with participation also from Greenoaks Capital and existing investor 01 Advisors. With the new sum, Tipalti plans on enhancing its accounts payable suite with more tools. Read more

Tanium (Emeryville, CA, US), a security and systems management company, raised $150m (€127m) in a funding round from Fidelity Management & Research Company, LLC, Baillie Gifford. With this new funding, Tanium currently raised over $900m, bringing the company’s valuation to over $9 billion. Read more

Acesso Digital Tecnologia da Informação S.A. (São Paulo), a Brazil-based SaaS company, raised R$580 million (€91.38m) in Series B financing from General Atlantic and SoftBank. With the new funding, the company will continue to expand operations and its business reach. Read more

Chargebee (San Francisco), a subscription management system company, raised $55M (€46.54m) in Series F funding from Insight Partners. With the new injection, the company will enhance its product and integration processes in order to provide more accurate and optimized revenue models for businesses to experiment on. Read more

Onapsis (Boston, US), a company focused on cybersecurity and compliance solutions, raised $55m (€46.54m) in Series D funding, led by Caisse de dépôt et placement du Québec (CDPQ) and NightDragon, with participation from existing investors .406 Ventures, LLR Partners and Arsenal Venture Partners. With the new sum, Onapsis will expand its SaaS applications market offerings and optimize the current Saas products on the market, such as Salesforce, with protection and compliance. Read more

Payrix (Frisco, TX, US), an API platform provider, extended its Series A financing to over $50m (€42.3m). The funding was led by Blue Star Innovation Partners and Providence Strategic Growth. With the new sum, Payrix plans on enhancing its product offerings, driving a global market extension and improving its CX. Read more

Knoma (London), a company which offers payment solutions and a marketplace for learning, raised £21m (€23.11m) from Global Founders Capital, Rocket Internet, Fasanara Capital and Seedrs and angel backer LendInvest chairman, Christian Faes. With the new funding, Knoma will focus on improving its offerings for the UK home market, with plans on going globally. Read more

Illusive Networks (Tel Aviv-Yafo), a cybersecurity firm, announced $24 million (€20.31m) in venture funding from Spring Lake Equity Partners, Marker, New Enterprise Associates, Bessemer Venture Partners, Innovation Endeavors, Cisco, Microsoft, Citi, and other new and existing investors. With the new sum, Illusive Networks will grow its business and sales, and further focus on product enhancements for securing cloud workloads. Read more

AccessFintech (New York), a fintech firm that offers risk management services for banks and buy side, raised a Series B funding round of $20m (€16.92m), led by Dawn Capital. Other investors include: J.P. Morgan, Citi and Goldman Sachs and Deutsche Bank. AccessFintech plans on using the new funding to develop its business and accelerate product innovations in order to expand to new markets and acquire new partnerships. Read more

Uni is an Indian fintech startup which plans on addressing gaps in the current credit score process in order to make credit cards accessible for a vaster clientele. Uni has raised $18.5 million (€15.65) in its seed financing round led by Lightspeed and Accel. The startup managed to secure one of the largest seed funding rounds in India during the pandemic, although it currently does not have a product. Read more

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