Funding News

Weekly Funding Highlights – 15 February 2023

New week – new closed funding rounds! This week’s funding highlights cover personal finance, AI software, data, security,  and many more! Take a look at some major investments of this week.

Canada’s Jobber secures $100m in Series D funding round 
Jobber, an operations management software provider for home service businesses, has secured $100 million in a Series D funding round led by General Atlantic. The round also saw participation from existing investors Summit Partners, Version One Ventures, and Tech Pioneers Fund. Aaron Goldman, managing director and head of enterprise technology investing at General Atlantic, has also joined Jobber’s board of directors. Founded in 2011, the Canadian firm provides a Software-as-a-Service (SaaS) solution that enables small home service businesses to modernise their operations and manage customer experience. Read more

Aspire secures USD 100 mln in Series C round
Singapore-based B2B fintech Aspire has secured a USD 100 million Series C funding led by Lightspeed and Sequoia Capital SEA to expand its product offering and regional presence. The round saw participation from investors such as Paypal Ventures, and LGT Capital Partners as well as existing backers of the likes of Picus Capital and Mass Mutual Ventures. Read more

Digital asset infrastructure provider Taurus lands $65m Series B 
Swiss digital asset infrastructure provider Taurus has raised $65 million in a Series B funding round as it looks to further develop its platform and boost its international expansion efforts. The Series B was led by investment banking giant Credit Suisse and saw participation from Deutsche Bank, Pictet Group, Cedar Mundi Ventures and Arab Bank Switzerland, as well as real estate group Investis. Deutsche Bank, Arab Bank Switzerland and Pictet are all clients of Taurus, which currently claims to work with more than 25 financial institutions and corporate clients, including financial institutions, retail and online banks, private banks, crypto-banks, investment banks and broker-dealers.  Read more

Lunar raises €35 million despite tough economic conditions
Danish neobank, Lunar, has raised €35 million to invest in and develop the business in order to continue Nordic expansion and expedite its path to profitability. A press release from the bank states that the “vast majority” of existing shareholders contributed to the raise. Lunar’s last raise of 212 million DKK (approx. €28 million) in August 2022 came alongside a +500% increase in income during H1 2022. The bank’s plans to acquire Norwegian Bank, Instabank, failed in September last year, due to the August raise proving insufficient to cover “capital needed to meet the capital requirements and obtain the approved from the Norwegian FSA.” Read more

Coincover raises USD 30 million to protect the crypto ecosystem 
UK-based fintech Coincover has raised USD 30 million and plans to use the funds to improve its digital asset protection capabilities. The funding round was led by Silicon Valley venture capital outfit Foundation Capital. Coincover specialises in helping companies protect their digital assets such as cryptocurrencies by combating hacking and preventing human error. Founded in 2018, the company currently has more than 300 clients according to, including exchanges, wallets, hedge funds, family offices, and banks. Read more

Lending infrastructure provider Kennek raises $4.5m to help streamline alternative credit sector London-based lending infrastructure provider Kennek has today closed a $4.5m pre-seed funding round to scale-up its European operations. Kennek has developed an “operating system” for lenders, credit investors, corporates and servicers in the alternative credit sector, that helps manage credit products. The funding round was led by the Dutch Founders Fund—which includes the founders of WeTransfer and JustEat— and joint with ffVC and Plug and Play Ventures. Read more

Mazepay raises €4m to simplify B2B payments
Denmark’s Mazepay has raised €4 million for its platform designed to simplify long-tail procurement and B2B payments. Scale Capital led the growth round, which was joined by Hambro Perks and Outward VC. Founded in 2018, Mazepay promises to empower medium and large-scale enterprises to easily manage all B2B spending within a trusted and compliant global ecosystem. Read more

Danish startup raises €3M to disrupt customer onboarding for financial services
A Danish fintech startup Uniify has managed to go from being completely bootstrapped to raising €3 million from business angels and VCs. The investment came from Danish VC People Ventures, and purpose-driven Forward VC and Spring Capital. Also, business angels founders Jannick Malling and Leif Abraham, and the founder of Vivino, Heini Zachariassen participated in the round. Read more

Kyiv-based Fuelfinance hits big funding despite Russian invasion
Kyiv-based, Fuelfinance, has achieved a $1 million raise in seed funding. Investors in the raise include Markus Villig, CEO and founder of Bolt, and John S Kim, CEO and co-founder of Sendbird. Fuelfinance is a financial management tool for startup founders and financial teams, with tools that streamline bookkeeping, profit and loss statements, financial planning scenarios, economic analysis, and dashboards. The target market for the product includes early-stage companies by providing a more affordable offering than what is currently available. While this may seem like a typical fintech story, much of Fuelfinance’s team is still based in war-torn Ukraine. Read more

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