Funding News

Weekly Funding Highlights – 27 April 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.

US savings app lands $85m in Series C fundraise
San Francisco-based savings app has secured $85 million in a Series C funding round led by Inovia Capital, giving the firm a “significant” valuation boost since its $85 million Series B funding in 2021. New investors, including a number of angel investors, join existing investors Inovia Capital, Telstra Ventures, Acrew, Lion Capital, NBA superstar Steph Curry, and more. Read more

Weaviate Raises $50M in Series B Funding
Weaviate, an Amsterdam, Netherlands-based developer of an AI-native vector database, raised $50M in Series B funding. The round was led by Index Ventures with participation from Battery Ventures and existing investors, including NEA, Cortical Ventures, Zetta Venture Partners, and ING Ventures. The company intends to use the funds to expand its team and accelerate the development of its open source database and new Weaviate Cloud Service for the AI application development market. Read more

France-based Mooncard secures €37m in funding
France-based Mooncard, which automates corporate spend management, has raised €37m in a fresh funding round. The investment was supplied by Orange Ventures, Portage and existing Mooncard backers Aglaé Ventures, Blackfin Capital Partners, Partech Partners, and RAISE Ventures. Growth plans of Mooncard include the development and adaptation of its services to local specificities in Germany, Austria, Belgium, Spain, Italy and the Netherlands. Read more

TheGuarantors snares $35m in growth financing
TheGuarantors, a firm building smart financial and insurance solutions for renters and landlords, has scored $35m in growth funding. With the completion of this raise, the firm has raised over $110m in equity and debt financing — $85 million of which was secured in the last year alone. The recent funding was provided by CIBC Innovation Banking. Read more

Financial market infrastructure firm Axoni lands $20m
Axoni, a provider of data synchronisation technology and financial market infrastructure, has closed a $20m equity financing round. The round was led by EJF Ventures, with participation from Laurion Capital Management, Communitas Capital, and existing investors. Axoni has raised more than $110m since inception. Read more

Pricing operations platform m3ter secured $14m in Series A
Pricing operations platform m3ter has secured $14m in its Series A funding round, which will help it launch new analytics features. Notion Capital, a venture firm aimed at European companies, served as the lead investor. Other commitments came from Insight Partners, Union Square Ventures, and Kindred Capital. Read more

Wayhome raises £8 million for part buy, part rent home ownership scheme 
UK-based gradual home ownership startup Wayhome has raised £8 million in Series A equity funding led by existing investors Allianz X, Augmentum Fintech and new funders Volution, Love Ventures and Cur8 Capital. Wayhome says the new financing will give it the runway to break even as it forges further partnerships with mortgage brokers and lenders in the coming months. Read more

Banking tech startup Plumery raises $4.5 million 
Plumery, a component-based banking technology startup founded by Ben Goldin, former CTO and CPO of Mambu, has raised $4.5 million in seed funding. The funding round was led by Better Tomorrow Ventures, Headline, Seedcamp and Cocoa Ventures, alongside business angels Didier Valet,former deputy CEO of Société Générale, Tandem Bank founder Ricky Knox, and former McKinsey senior partner Alan Morgan. Read more

IDPartner raises $3.1m for bank-based ID verification system
IDPartner, a startup providing online identity verification through a network of financial institutions, has raised $3.1 million in a seed funding round led by Abstract Ventures. Foundation Capital, Circle Ventures, Firsthand Alliance, Correlation Ventures, Success Venture Partners and Aleo joined the round. Read more

French FinTech startup Nalo completes new funding deal
French FinTech startup Nalo has secured a new funding deal, which was led by Mandalore Partners, an asset manager focused on insurance and savings. This investment sees Groupe APICIL, which is the third biggest social insurance group in France, become the majority shareholder in Nalo. The size of the deal was not disclosed. The investment aims to bolster Nalo’s business activities and the growth of its assets under management, while also preserving the startup’s independence and full structural and operational autonomy. Read more

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