Funding News
Weekly Funding Highlights - 15 September 2021

Weekly Funding Highlights – 25 May 2020

Many more deals and transactions from fintech this week! This week’s prominent fundings are shared by multiple sectors, including fintech, payments, NFT, credit cards, banking and more. Enjoy reading!

Growth Capital Funding Startup Bloom Raises £300M 
Bloom Group S.A. (Athens, Greece), growth capital funding startup raised £300 million to grow its business across Europe and become a leading provider of revenue-based lending for digital startups. “We are not another revenue-based lender. We estimate that eCommerce merchants have incurred £125-£200 million in excess fees based on the current pricing status quo. That’s money that could have been used for more stock, increased ad spend, or customer incentives. We saw an opportunity to innovate rather than simply join the herd. So we did,” Bloom CEO James Hickson said in a press release on Thursday. Read more.

Cybersecurity firm Semperis secures $200 Mn Series C funding
Semperis (New York, US), an identity-driven cyber resilience firm has raised over $200 million in Series C funding led by KKR. Existing investors participating included Insight Partners while new investors included Ten Eleven Ventures, Paladin Capital Group, Atrium Health Strategic Fund and Tech Pioneers Fund. The new funding will enable Semperis to accelerate hiring across all functions globally to better support its expanding clientele, with an emphasis on its identity-focused incident response team. With KKR investing, Ben Pederson, Director of KKR’s Tech Growth team, will join Semperis’ Board of Directors. Read more.

Motive raises valuation to $2.85B after closing $150M funding round
Motive (New York, US), fleet management solutions provider, formerly known as KeepTruckin, announced Wednesday it has raised $150 million in series F funding. With the most recent funding round, Motive has reached a $2.85 billion valuation, up from $2.3 billion after the company’s series E raise last June. Motive officials said they will use the additional capital to invest in more AI, expand the company’s product suite into spend management and grow its enterprise capabilities. “The additional funding allows us to accelerate development of our technology and scale our team to serve our expanding customer base,” Motive CEO Shoaib Makani said in a release. “We continue to execute on our mission to transform the safety, productivity, and profitability of businesses that power the physical economy.” Read more.

Crane Venture Partners Closes Second Fund, At $140M
Crane Venture Partners (London, UK), an early stage venture capital firm, closed its second fund, at $140 million. Anchor LPs include Massachusetts Mutual Life Insurance Company (MassMutual), British Patient Capital, a Sovereign Wealth Fund and Fund of Funds. The fund focuses on the open source, artificial intelligence, data and developer tools being used to build the world’s digital foundations. The firm’s partners, led by co-founders Krishna Visvanathan and Scott Sage, work as extended members of founders’ teams, particularly in the areas of marketing, sales and customer success. Read more.

Rael Raises $35M in Series B Funding, The Largest Investment in The Feminine Care Category to Date 
Rael (Los Angeles, CA, US), the holistic personal care brand focused on clean period care, intimate care, and skincare, today announced the close of a $35 million Series B investment. This investment represents the largest amount raised in the US feminine care category to date and brings Rael’s total funding to $59 million since the company was founded in 2017. The round was led by Colopl Next, the venture capital arm of Colopl, and Signite Partners, the corporate venture capital firm of Shinsegae Group, one of the largest conglomerates in Korea. The funding was also joined by Aarden Partners, ST Capital, and existing investors including Mirae Asset and Unilever Ventures. Read more. 

Tampa-based startup secures $35M in funding round 
Manta  (Columbus, Ohio, US), the data startup company announced it raised $35 million in Series B funding. Manta, which moved its U.S. headquarters to Tampa last month, secured the funding through a round led by Forestay Capital. Investors Bessemer Venture Partners,, Senovo VC, Credo Ventures, Dan Fougere and European Bank for Reconstruction and Development participated, according to a media release. Read more.

equipifi Raises $12 Million in Series A Funding
equipifi (Scottsdale, Ariz.), a  fintech company providing banks and credit unions with a white label Buy Now, Pay Later (BNPL) solution, raised $12m in Series A funding round. The round was led by Curql Collective via Curql Fund and PHX Ventures. The company intends to use the funds to expand operations and its business reach, provide financial institutions with BNPL capabilities available through their existing debit cards and banking app as consumer payment preferences evolve. Read more.

Moves Raises $5M in Seed Funding 
Moves (Toronto, Canada), a provider of a banking app exclusively for gig workers, raised $5M in Seed funding. The round was led by Omers Ventures, with participation from Panache Ventures and N49P Ventures. The company intends to use the funds to expand operations and its development efforts. Read more.

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