Grasp, One of the World's first AI Assistant for the Finance Industry, Raises $1.9M for Global Expansion
- 20 hours 20 min ago
- Fundraising News
Grasp, one of the world's first AI assistants for investment banks and management consultants, is issuing new shares worth USD 1.9 million (SEK 20 million) to Yanno Capital and Philian Invest. Together, they have acquired an ownership stake of just under 13%. The investment will be used to accelerate the development of Grasp’s AI platform and continue its global expansion.
Harness Raises $150 Million in New Financing
- 22 hours 25 min ago
- Fundraising News
Harness, the Modern Software Delivery Platform® company, today announced $150 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, and Hercules Capital, Inc.. The investment will be used strategically to support the expansion of the Harness platform, including the addition of new modules, further integrating generative AI into the platform, and additional investments in the company's go-to-market engine.
Linnovate Partners Announces Close of USD 40 Million Funding Commitment Led by SeaTown
- 1 day 23 hours ago
- Fundraising News
Linnovate Partners ("Linnovate"), a leader in asset servicing and fintech for the alternative investment industry, is pleased to announce the successful closure of USD 40 million funding commitment by SeaTown Private Capital Master Fund. SeaTown Private Capital Master Fund is managed by SeaTown Holdings International Pte. Ltd. ("SeaTown"), a leading Asia-focused alternative investments firm that is owned by Seviora, Temasek's asset management... more
UK AI-led fintech Abound Announces New Funding Round to Increase Access to Fair Credit
- 5 days 1 hour ago
- Fundraising News
London-based credit technology company Abound has announced a new financing round which in aggregate could extend up to £0.8bn. The new funding comes on the back of continued growth, with Abound reaching profitability just 3 years after launch. The funding announcement—one of the largest in Europe so far this year — is a mixture of debt and equity. Abound will use the new funding to expand into prime lending in the UK, and to roll-out Render,... more
Greenboard Announces $4.5M Seed Round from Base10 Partners to be "Rippling for financial compliance and operations"
- 6 days 5 min ago
- Fundraising News
Greenboard, a new compliance and operations software company for financial services, announced today that the company has completed a $4.5 million Series Seed funding round led by Base 10 Partners, with participation from Y Combinator, General Catalyst, Wayfinder Ventures, Liquid2 Ventures, Twenty Two Ventures, Rogue Capital, Transpose Platform, and others.
Eleos Secures $4M Seed Investment
- 1 week 1 hour ago
- Fundraising News
Only six months after completion of its pre-seed round, Eleos has raised venture capital investment of $4 Million USD in a seed round led by Fuel Ventures and Indico Capital. Additionally, this funding round was further supported by APX. Founded in 2022, Eleos has made rapid progress in consolidating its position as the UK’s only provider of fully digital life insurance and income protection products and is on course to pass the £1 million... more
Simplifai Secures a Significant Investment with Idékapital as Lead Investor
- 1 week 20 hours ago
- Fundraising News
Simplifai, a pioneering force in AI Automation Solutions for insurance and banking, proudly announces the completion of its latest investment round, securing a significant investment. The investment round was led by Idékapital, the Norwegian investor funding and supporting high-growth B2B software and technology scale-ups with global potential.
fundcraft Raises €5 Million Series A Round led by Aperture Capital
- 1 week 1 day ago
- Fundraising News
fundcraft, a leading provider of digital infrastructure for asset management, today announces that it has closed a €5 million Series A funding round, led by Aperture Capital, with participation from SIX Fintech Ventures, the CVC arm of SIX Group, and early supporters. The funds will be used for product development and to fuel fundcraft's international expansion.
SME Lender iwoca Secures £270m From Citi and Barclays, Taking Total Investment in the Business Past £1bn
- 1 week 1 day ago
- Fundraising News
iwoca announces a new £270m package of debt funding, taking total gross investment in the company to over £1bn since it was founded in 2012. iwoca has received £150m (€175m) in debt financing commitments from Citibank and Insight Investment to support the company’s growth in Germany, and a further £120m from Barclays and Värde for the UK business, as it responds to mounting demand for finance from small businesses.
Securitize Announces $47 Million Strategic Funding Round Led by BlackRock
- 1 week 4 days ago
- Fundraising News
Securitize, the leader in tokenizing real-world assets, today announced the successful completion of a $47 million funding round led by BlackRock (Nasdaq: BLK). The strategic investment also includes funding from Hamilton Lane (Nasdaq: HLNE), ParaFi Capital, and Tradeweb Markets (Nasdaq: TW).
Altruist Raises $169M Series E to Set a New Standard in Wealth Management
- 1 week 5 days ago
- Fundraising News
Altruist, the modern custodian built for RIAs, today announced a $169M Series E round of funding led by ICONIQ Growth with participation from new investor Granite Capital Management, and continued support from existing investors Adams Street Partners and Sound Ventures. The new round brings the company’s total funding to over $450M and values the company north of $1.5B. In conjunction with the funding, Yoonkee Sull, General Partner at ICONIQ... more
Baselayer Raises $6.5M Seed Round to Redefine Business Risk with AI Risk Engine
- 1 week 6 days ago
- Fundraising News
Baselayer, a B2B platform utilizing proprietary Graph AI technology to fight fraud and optimize business onboarding, today announced its official emergence from stealth with a $6.5 million seed round and an experienced team of compliance and machine learning experts. Securing almost 30 customers in under 6 months, including Rho and one of the top-five loan infrastructure systems, Baselayer has expanded its total reach to over 25 million... more
Lendbuzz Closes $100 Million Warehouse Facility With Mizuho Americas
- 1 week 6 days ago
- Fundraising News
Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle, announced today that it has closed a $100 million warehouse facility with Mizuho Americas.
SumUp Raises €1.5 Billion to Solidify Market-leading Position
- 1 week 6 days ago
- Fundraising News
In a major deal that reaffirms the market's confidence in global fintech SumUp as a company with solid revenues and foundations, and a bright future, the company raised €1.5 billion from private credit lenders in a round led by Goldman Sachs - one of the largest European private credit deals of its kind in recent years. The money will be used to refinance existing debt and seize global growth opportunities.
SafeBase Raises $33 Million to Revolutionize Security Reviews
- 1 week 6 days ago
- Fundraising News
SafeBase, a firm known for enabling friction-free security reviews, announced today it has successfully secured a $33 million Series B funding round. This injection of capital raises the total funding of the company to over $50 million.
