13/02 – Weekly Investment & Fundraising News

Uber Alumni Startup Hatica Raises US$3.7M to Boost Developer Productivity and Well-being Using Engineering Analytics

Engineering analytics platform Hatica announced US$3.7 million in seed funding led by Surge, Sequoia Capital India and Southeast Asia’s rapid scale-up program. The round included participation from existing investor Kae Capital and from engineering leaders from Google, Uber, Twitter, Okta and Notion as angel investors. The SaaS platform has grown explosively in two years, helping over 20,000 engineering leaders and developers drive productivity and improve the developer experience.

Danish Neobank Lunar Raises $38 Million

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.

Fintech Yatra to Offer $100 Million Capital to FinTech Startups with 25 VCs

The Fintech Meetup’s 5th edition of the annual Fintech Yatra is set to flag off in Mumbai. At least 25 VCs have tied up with Fintech Yatra 2023, which will offer $100 million in capital and identify and explore investments in the most promising fintech startups. The team this year shall undertake a 12,000 km journey across 20 cities, interacting with an estimated 400+ fintech startups. 

Coincover Announces $30M Funding to Fuel Growth and Foster Trust in Digital Assets

Coincover – the leading digital asset protection technology company – announced $30M in funding, led by Silicon Valley’s Foundation Capital. The fresh capital will accelerate recruitment, product updates, and partnerships to safeguard the crypto ecosystem – preventing, compensating, and protecting against crypto threats. Founded in 2018 and launched in 2019, Cardiff-based Coincover provides digital asset protection that addresses the biggest barrier to mainstream adoption: trust.

London Fintech kennek Raises $4.5 Million to Empower Lenders

London-based fintech firm kennek has raised a $4.5 million pre-seed funding round. The company has developed an end-to-end operating system designed to streamline the operations for lenders, credit investors, corporates, and servicers in the alternative credit sector. In its first year of trading, kennek has already hired 20 fulltime staff, and launched a plug-and-play operating system that caters for a broad variety of lenders and credit products.

Canoe Intelligence Raises $25M Series B Funding to Transform the Alternative Investment Data Ecosystem

Canoe Intelligence (“Canoe”), the financial technology company powering alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms, announced the completion of its $25M Series B financing round. The round was led by F-Prime Capital with participation from Eight Roads Ventures and other strategic investors. 

Mazepay, the Fintech Platform Simplifying B2B Payments, Raises €4M

Mazepay, the Danish fintech platform that simplifies long-tail procurement and B2B payments, has raised a €4M growth round, led by Scale Capital. Participants in the round include international investment firm Hambro Perks, and London-based early-stage venture capital firm Outward VC. Mazepay will use the latest funding to expand further across Europe.

Build38 Raises €13M Series A Funding to Expand its Mobile App Security Business and Threat Intelligence Platform

Build38, a leading provider of mobile application protection solutions that combine AI-powered threat intelligence and the strongest app shielding technology, announced today it has closed €13 million in Series A funding. Tikehau Capital, through its European Cybersecurity Growth Fund, led the round with participation from existing investors eCAPITAL Entrepreneurial Partners and Caixa Capital Risc. 

Inkle Raises $1.5M to Power Tax & Accounting for US Cross-border Companies

Inkle announced a $1.5 million pre-seed funding round to help these companies handle bookkeeping, tax, and compliance filings through its software solution for US cross-border companies. Picus Capital, Saison Capital and Force Ventures participated in the funding round. Cross-border companies with a US parent holding company often struggle with back-office administration.

Borderless Super Wallet – Cenoa – Raises Us$7 Million In Seed Funding

Cenoa, the borderless super wallet improving access to dollar-based products in emerging markets, announced it has raised US$7 million in Seed funding. The fundraise was led by San Francisco-based venture capital firm Quiet Capital – an early backer of Robinhood; and Underscore VC – a Boston-based firm focused on backing the next generation of iconic companies at their earliest stages.

Tazapay Raises $16.9M in Series A Funding 

Tazapay, a leading fintech company specialising in cross-border payments, announced that it has raised USD 16.9 million in its Series A funding round. Sequoia Capital Southeast Asia led the round, with EscapeVelocity (escp.vc), PayPal Alumni Fund, as well as renowned angel investor Gokul Rajaram, joining as new investors. Existing investors Foundamental, January Capital, RTP Global and Saison Capital also participated in this round.

Moonfare Raised $15M in Series C Round 

Moonfare, the leading global digital private equity investment platform, has capped the extension of its Series C financing round at c.a. $15 million, achieving a record valuation. MThis brings the total capital raised in the Series C funding round to over $130 million. Following Insight Partners’ investment in November 2021, Vitruvian Partners and Swiss private bank Bordier & Cie became Moonfare shareholders in March 2022.