A platform for the supply chain’s workforce acquisition and retention called WorkStep, situated in San Francisco, California, has acquired $25 million in Series B funding. With this round, NewRoad Capital Partners raised a total of $42 million. Prologis Ventures, FirstMark Capital, Social Capital, Quiet Capital, Latitude Ventures, and Engage VC also participated. The business plans…
A cloud-based platform for the distribution of branded data-backed cryptocurrencies, provided by New York-based Data Vault Holdings, has raised $30.5M in Series A funding. The funders were kept a secret. The company Data Vault Holdings plans to use the money to scale its product across a variety of markets, including healthcare, banking, e-commerce, entertainment, collegiate…
A 20 million Series A fundraising round was completed by the logistics-as-a-service platform everstox in Munich, Germany. Acton Capital served as the round’s lead investor, and Capnamic Ventures, GFC, and Flash participated as well. The company plans to use the money to increase its staff to 150 people and further spread its platform throughout Europe….
Sentry, a firm that monitors applications and is situated in San Francisco, CA, has raised $60m in Series D funding. The round, which increased funding to $127 million and valued the company at $1 billion after funding, was headed by Accel and included current investor New Enterprise Associates (NEA) and new investor BOND. The company…
A $28 million Series B round of fundraising was completed for the interactive music platform Yousician in New York. New investors Amazon’s Alexa Fund and MPL Ventures LLP joined True Ventures in leading the round, along with angel investors Mark Pincus, Jason Calacanis, David Helgason, Rolf Schrömgens, Moaffak Ahmed, Bryan Meehan, and Anne Badan. The…
Virtual experience business Touchcast, Inc., situated in New York City, secured $55 million in series A funding. Accenture Ventures, Alexander Capital Ventures, Saatchi Invest, Ronald Lauder, and other investors supported the project. The money will be used by the business to expand its platform. Touchcast, led by founder and CEO Edo Segal, offers a platform…
Venture capital firm Draper Esprit plc received a £50 million senior secured term loan from Silicon Valley Bank, which is listed on AIM. The financing consists of a three-year £25 million revolving credit facility from Silicon Valley Bank, which also functioned as the facility agent and mandated lead arranger. The funding will boost the company’s…
The data lake transformation business Dremio, based in Santa Clara, California, closed a $160 million Series E fundraising round, raising its worth to $2 billion. With current investors Sapphire Ventures, Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, and Cisco Investments joining in, Adams Street Partners led the round. DTCP and StepStone Group are two…
Swan, a platform for businesses to incorporate banking functions into their products, raised €16 million in Series A funding. Swan is situated in Paris, France. Accel led the round, which also included previous backers Creandum and Bpifrance. By adding market-specific features and a self-service option to the platform’s capabilities as well as expanding its sales,…
A B2B eCommerce and embedded finance platform called TradeDepot raised $110 million in debt and equity capital. It is situated in Lagos, Nigeria. A member of the World Bank Group, the International Finance Corporation (IFC) led the round, which also included current investors Partech and MSA Capital, Novastar, Sahel Capital, CDC Group, and Endeavor Catalyst….