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Weekly Funding Highlights – 24 November 2021

Many more deals and transactions from fintech this week! This week’s prominent fundings are shared by multiple sectors, including payments, fintech, crypto, e-commerce, B2b and more. Enjoy reading!

Gemini Raises $400M in Growth Equity Funding; Valued at $7.1 Billion
Gemini (New York, NYC, US), a cryptocurrency platform, raised $400m in first equity funding. The round, which brought the valuation to $7.1 billion, was led by Morgan Creek Digital with participation from 10T, ParaFi, Newflow Partners, Marcy Venture Partners, and the Commonwealth Bank of Australia, among others. Gemini is a crypto platform to buy, sell, and store crypto. It enables investors to earn, spend, and learn about crypto, as well as create and collect non-fungible tokens (or NFTs) on Nifty Gateway, a wholly owned NFT platform. Read more.

Deliverr Raises $250M in Series E Funding
Deliverr (San Francisco, CA, US), an e-commerce fulfillment and technology company, raised $250m in Series E funding. The round, which raises the valuation to $2 billion, was led by new investor Tiger Global with participation from existing investors 8VC, Activant, GLP, Brookfield Technology Partners, and Coatue. Read more.

ConsenSys Raises $200M in Funding; Valued at USD3.2 Billion
ConsenSys (New York, NYC, US), a company behind the MetaMask wallet, closed $200m in USD financing round, bringing its valuation to $3.2 billion USD. Backers included Marshall Wace, Third Point, ParaFi Capital, Think Investments, Dragonfly Capital, Electric Capital, Spartan Group, DeFiance Capital, Animoca Brands, Coinbase Ventures, and HSBC. Read more.

FlipOS Receives $136M in Series B Funding
Stoa USA Inc. (Phoenix, AR, US), a Business to-Business (B2B) iBuyer and creator of FlipOS, a platform designed for individual real estate investors and institutional buyers who want to outsource their business’s asset scouting and renovation functions, received $136m in Series B funding. The round included: a $36m equity investment from Zeev Ventures, and a $100m securitization deal led by Cantor Fitzgerald. Read more.

Seaya Ventures, Cathay Innovation launch $125M fund for LatAm startups
Venture capital firms Seaya Ventures (Madrid, Spain) and Cathay Innovation (San Francisco, CA, US) have created a joint fund aimed at startups across Latin America that are redefining their industries and society. The two firms — Seaya is based in Spain, and Cathay in France — formally came together in April and have since opened an office in Mexico City, where they will manage the $125 million Seaya Cathay Latam Fund that will focus on Series A and B investments, with reserves for follow-on rounds. Read more.

Payment Solutions Provider Payhawk Receives $112 Million in Funding
Payhawk (London, England), one of the fastest-growing payment and expense solution providers, became the latest fintech firm to cross the valuation of $500 million after the company received $112 million worth of funding in its Series B round. he latest investment is one of the biggest funding rounds for a B2B company in the CEE region. The equity round was led by US investor Greenoaks, who previously invested in high-growth companies like Checkout.com, Robinhood, Stripe and Brex. Read more.

India’s Blume Ventures raises $105 million in the first close of its fourth fund
Blume Ventures (Mumbai, India),  said on Wednesday it has raised $105 million in the first close of its fourth fund, less than two years after finalizing its previous fund, as investment activity intensifies in the world’s second largest internet market. he 11-year-old firm, one of the largest Indian venture funds, said it expects its new fund to balloon to close to $200 million by March next year, which is when it hopes for the final close. Its current LPs include some multi-family office wealth management funds, sovereigns, and some corporates across Asia and Europe. Read more.

WSO2 Secures $90M in Growth Funding
WSO2 (London, UK), a digital transformation technology company, raised $90m in financing. The backers were client vehicles advised by Goldman Sachs Asset Management Private Credit. The company intends to use the funds to accelerate global expansion and invest in its cloud-native solutions for securely delivering APIs, applications, and digital services. Read more.

UAE’s VentureSouq unveils $50m venture fund to support Mena’s FinTech sector
VentureSouq ( Dubai, UAE), an investment firm focused on early stage technology businesses, unveiled a $50 million venture fund that will target the FinTech sector. The company’s Mena FinTech Fund I will support FinTech and software-as-a-service companies. The fund is backed by major regional investment houses, including Abu Dhabi’s Mubadala Investment CompanyDisruptAD, the venture capital platform of Abu Dhabi’s holding company ADQ, Saudi Arabia’s Jada Fund of Funds and Saudi Venture Capital Company, Bahrain’s Al Waha Fund of Funds and OFC, the Middle East investment arm of The Olayan Group. Read more.

Indian fintech startup Recordent raises $400K angel funding 
Recordent (Hyderabad, Telangana, India), a fintech start-up in the non-banking payment bureau sector, announced that it has raised $400,000 in angel funding from the Family Office of Kantamaneni & IIM Calcutta Innovation Park and other angel investors from India and the US. Recordent will utilize the funds for development of its technology platform and customer acquisition. Read more.

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