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Weekly Funding Highlights – 12 May 2021

 

For this funding piece, we dive further into the fintech landscape and recall the latest company names to be on top of. Explore cryptocurrencies, cybersecurity, AI, machine learning, neobanks, buy-now-pay-later, neo brokers and much more! Enjoy the selection! 

Bullish Global raises a $300M (€247M) round

Bullish Global (New York, New York, US), a crypto exchange platform and a newly formed subsidiary of Block.one, raised a $300M (€247M) round. The company was backed by Peter Thiel, Alan Howard, Mike Novogratz, Louis Bacon, Richard Li, and Christian Angermayer, and is set to offer AMM, lending, and portfolio management tools for users while also providing liquidity to its provided assets. Read more

Acronis raises $250M (€206M) at a $2.5Bn (€2.06Bn) valuation

Acronis (Schaffhausen, Switzerland), a global technology company that unifies data protection and cybersecurity, has raised $250 million (€206M) in equity. The company plans to use the financing to grow organically and to bring more “proactive” technology into its portfolio. The funding is being led by CVC and values Acronis at over $2.5 billion (€2.06Bn). Read more

Shift Technology raises $220 million (€181M) in Series D round

Shift Technology (Paris, France), a platform that delivers the only AI-native decision automation, has raised $220 million (€181M) in a Series D round led by Advent International. Investors of this round include Avenir, Accel, Bessemer Venture Partners, General Catalyst, and Iris Capital. With this round, Shift’s total investment to date rises to $320 million (€264M) and gives the company a valuation of over $1 billion. The fresh capital will be used to expand its market presence in the US, Europe, and Asia. Read more

CloudWalk Raises US$190M (€157M) in Series B Financing

CloudWalk (São Paulo, Brazil), a payment technology network, raised $190m (€157M) in Series B funding. The round, which brings total capital raised to date to $206m (€170M), was led by Coatue, with participation from DST Global and existing investors such as FIS, The Hive Brazil and Valor Capital. The company intends to use the funds to further drive scale and accelerate its domestic presence in Brazil. Read more

HoneyBook Raises $155M (€128M) in Series D Funding

HoneyBook (San Francisco, CA, US), a client experience and financial management platform for independent service-based businesses, raised $155m (€128M) in Series D equity funding at a $1 billion (€820M) valuation. The round was led by Durable Capital Partners with participation from Tiger Global Management, Battery Ventures, Zeev Ventures, 01 Advisors, as well as existing investors Norwest Venture Partners, OurCrowd and Citi Ventures. The company intends to use the fund to advance product development and expand internal resources, which includes increasing hiring. Read more

Solana Blockchain Receives $100M (€82M) In Funding

Solana Blockchain (San Francisco, CA, US), a web-scale blockchain that provides decentralized apps and marketplaces, received $100M (€82M) from 5 strategic partners including Huobi, Gate Labs, NGC Ventures, HashKey, and MATH Global Foundation. With this new investment, Solana Blockchain will continue to build a censorship-resistant and community-centered ecosystem. Read more

Lili raises a $55M (€ 45M) Series B round

Lili (New York, New York, US), a neobank that combines personal and business financial services for freelancers, raised a $55M (€45M) Series B round, led by Group 11 with participation from Target Global, AltaIR, Zeev Ventures, Foundation Capital and the Google for Startups accelerator. The new financing will be used to enhance the product offering after seeing usage growth of 1,500% in the last year. Read more

Malaysian AI firm receives $60m (€49M) from SoftBank

ADA (Kuala Lumpur, Malaysia), a data and artificial intelligence company, announced it has received $60 million (€49M) in investment from SoftBank Corp. The deal will give SoftBank a 23.07% stake in ADA and would push the startup’s valuation to $260 million (€214M). ADA will become a core part of SoftBank’s digital and data marketing arm, allowing the Japanese conglomerate to leverage the startup’s network of portfolio companies. Read more

Babel Finance Raises $40M (€33M) in Series A Funding

Babel Finance (Hong Kong), a global crypto financial service provider, raised $40M (€33M) in Series A funding. The round was led by Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital and Bertelsmann, and Tiger Global Management, with follow-on participation from existing investors. The company intends to use the funds to expand operations and its business reach. Read more

FinLync Raises $16M (€13M) in Funding

FinLync (Singapore, Singapore), a treasury app builder that gives corporate treasurers and finance professionals direct control of their data, closed a $16M (€13M) equity funding round. The round was led by Point72 Ventures with participation from Nyca Partners, former CFO of Palantir and Founding Partner of Friends & Family Capital Colin Anderson, and Plaid Founder William Hockey. The company intends to use the funds to invest in its technology and expand global reach and executive leadership team. Read more

Coin Metrics has raised $15 million (€12M)

Coin Metrics (Boston, US), a provider of crypto financial intelligence, network data, market data, index and network risk solutions, has raised $15 million (€12M) in a funding round led by Goldman Sachs with participation from Goldman Sachs, Castle Island Ventures, Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital, Collab+Currency and others. With the funding, the company plans to accelerate the global expansion as well as reach more places in the crypto market. Read more

Fly Now Pay Later Raises £10m (€12M) in Series A Funding

Fly Now Pay Later (London, UK), an alternative payments provider, raised a further £10m (€12m) in Series A funding. The round was co-led by asset management firms Revenio Capital and Taurus Wealth Advisors. The company intends to use the funds to launch US and grow UK and German operations. Read more

Fintech API firm Railz raises $12m (€10M) in Series A funding round

Railz (Toronto, Canada), a fintech firm that provides a single API to accounting software, has raised $12 million (€10M) in a Series A funding round, led by Nyca Partners with participation from Susa Ventures, Vestigo Ventures, Entrée Capital Global Founders Capital, and Plug and Play Ventures. Railz says its new investment enables it to expand its sales and engineering teams. Read more

Bitpanda Raises 10M (€8M) in Series B Extension

Bitpanda (Vienna, Austria), a retail broker for buying and selling cryptocurrencies, raised further €10M (€8M) as an extension of its Series B round. This comes after a $170M (€140M) Series B round in March led by Valar Ventures and partners of DST Global. Backers of this round include Jump Capital, Winterntermute Trading, and LeadBlock Partners. The company intends to use the funds to bring in extensive know-how to strengthen its institutional offering in Europe ranging from referral solutions all the way to custom build comprehensive tech integrations. Read more

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