Funding

Avaloq Ventures Rebrands as FiveT Fintech Following Spin-off From Group

Swiss core banking solution provider Avaloq announced that the investment advisor of its fintech investment fund is being spun off from the group by means of a management buyout and renamed as FiveT Fintech. This will give the management team

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Payroll Platform Papaya Global Raises US$250 Million at US$3.7 Billion Valuation

Papaya Global, a New York-based workforce management platform transforming global employment, announced that it has raised US$250 million in Series D funding, bringing the company’s valuation to US$3.7 billion. Papaya’s valuation has increased tenfold since September 2020 with a total

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Canadian Startup Nuula Secures US$120 Million to Boost Service Offerings for SMEs

Nuula, a Canadian mobile application that gives small business owners instant access to critical business metrics, announced that it has raised US$120 million. The total funds secured are US$20 million in equity funding led by Edison Partners that will accelerate

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Irish BNPL Firm Scalapay Bags US$155 Million to Fund Its Expansion Plans

Ireland-based buy now pay later (BNPL) firm Scalapay has raised US$155 million in equity funding as part of its Series A investment round. The company is now valued at US$700 million. The latest funding round brings the total amount raised

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Neobank Varo Raises US$510 Million, Now Valued at US$2.5 Billion

US-based Neobank Varo Bank announced that it closed a US$510 million oversubscribed Series E funding round, valuing it at US$2.5 billion. The round was led by new investor Lone Pine Capital, who was joined by dozens of additional new investors

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Ledgy Secures US$10 Million in Series A Fundraise Led by Sequoia

Swiss equity management platform Ledgy announced that it has raised US$10 million during a Series A funding round led by Sequoia. Ledgy’s existing investors and early supporters Myke Näf, Paul Sevinç, btov Partners, Creathor Ventures and VI Partners also participated

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Databricks Secures US$1.6 Billion in Series H Fundraise at US$38 Billion Valuation

Databricks, a US-based enterprise software company, announced that it has raised US$1.6 billion during a Series H funding round at a US$38 billion valuation. This new round brings Databricks’ total funding to almost US$3.6 billion, and will be used to

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Heroes Secures US$200 Million to Acquire More Amazon Merchants and Upscale Them

Heroes, a London-based e-commerce company which acquires, operates and scales top performing Amazon brands, announced the closing of a US$200 million fundraise from US-based investor Crayhill Capital Management. The fundraise will facilitate the next phase of Heroes’ rapid growth and

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1,8 Millionen Euro Seed-Finanzierung für Krypto-Investment-Startup Coinpanion

Mitgründer von Scalable Capital und CLARK dabei bei der Investmentrunde in Krypto Investment Startup. Coinpanion ermöglicht jedem, ohne jegliches Vorwissen, automatisiert vom Kryptowährungs-Markt zu profitieren. Dabei kümmert sich das Start-up um alles, vom einfachen Markteinstieg bis hin zum automatischen Management

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Corporate Card Startup Ramp Bags US$300 Million, Acquires Buyer

Corporate credit card startup Ramp announced that it has raised US$300 million in a Series C funding round which now values the firm at US$3.9 billion. Ramp has raised over US$620 million to date in a mix of equity and

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