HSBC Ventures Joins Investment Round in Silent Eight 

Silent Eight, an AI-based financial crime compliance service, has closed a $40 million Series B fundraising round led by HSBC Ventures, the firm's latest customer. The financing was led by TYH Ventures, with participation from OTB Ventures, Wavemaker Partners, Standard Chartered's SC Ventures, Aglaia, and Koh Boon Hwee, chairman and general partner of Altara Ventures. Silent Eight's AI technology for financial crime conducts real-time investigations into any questionable transaction, beneficiary, or consumer.

Dubai-based Metaverse Start-up Eikonikos Raises US$2 Million in Pre-seed Funding

Eikonikos, an open-world metaverse start-up, has raised $2 million in pre-seed funding by angel investors. Eikonikos envisions creating an open metaverse platform that is owned by Web3 followers, developers, and a growing community of players. Nearly a dozen investors, including blockchain players, took part in the round.The current pre-seed fundraising round would help the company to extend its ecosystem, bringing more fans into the digital realm.

Treehouse Raises US$18 Million to Establish a Standard for DeFi Analytics

An undisclosed large FinTech investor led the round with participation from strategic investors, including Mirana Ventures, Lightspeed Venture Partners, Binance, MassMutual Ventures, Global Founders Capital, Jump Capital, GSR, Wintermute, Do Kwon of Terraform Labs, senior executives from SoftBank Vision Fund, and more. Founded just 11 months ago and fueled by the team's commitment toward financial inclusion, Treehouse is building the infrastructure required to enable everyday people to fully harness financial products and services made possible by DeFi. 

ConsenSys Raises $450M Series D Funding as Leading Self-Custodial Wallet MetaMask Reaches Over 30 Million MAUs

ConsenSys announced the close of a $450 million USD financing round, bringing its valuation to over $7 billion USD. ParaFi Capital led this raise after participating in ConsenSys’ Series C round in November 2021. They were joined by new investors, including Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures. Series C investors — Third Point, Marshall Wace, TRUE Capital Management, and UTA VC, United Talent Agency’s venture fund — also participated in this round. Sullivan & Cromwell LLP acted as ConsenSys’ legal advisor in this transaction.

EarnUp Closes $31 Million Series C Funding Round

EarnUp, a San Francisco-based Fintech company offering payment and data solutions for the mortgage industry, closed an oversubscribed $31 million Series C financing round. Included in this round are new strategic investors, LendingTree and KeyBank, in addition to leading institutional investors, Bain Capital Ventures, SignalFire, Blumberg Capital, and Flourish Ventures. With this latest round of funding, EarnUp will build on its mission to create a financial system that works for everyone by expanding its reinvention of payment and data flows for the mortgage industry that supports borrowers, lenders, and servicers.

BNPL Playter Raises $1.7 Million Seed Round

Playter, a buy now – pay later (BNPL) startup, has raised a $1.7 million Seed round, according to a statement from the company. Playter is a London-based platform that aims to help startups scale quicker with BNPL invoicing. The round was co-led by global investment firm Fin Capital and 1818 Ventures, with participation from RLC Ventures, and investment network Angels. Marc Cohen, Partner at 1818 Venture Capital, has joined the Playter board.

Encompass Corporation Raises £25m in Funding to Accelerate Global Growth

Encompass Corporation, the provider of intelligently automated Know Your Customer (KYC) solutions, announced the completion of a successful capital raise of £25M. Perennial Partners, a major Australian investment management company, served as the lead investor, joined by financial services focused principal investing firm Serendipity Capital, Seven Seat Capital, and FinTech investment firm Microequities Asset Management.

Atlan Raises $50M Series B led by Salesforce Ventures, Sequoia and Insight to Build a Collaboration Hub for Data Teams

Atlan announced that it has closed its $50M Series B round led by Insight Partners, Salesforce Ventures, and Sequoia Capital India. Several founders in the data space participated in the round including Fivetran founder Taylor Brown and ThoughtSpot founder Ajeet Singh. Atlan creates a unified discovery and collaboration experience, bringing context and trust to the entire modern data stack. “Today, data assets are not just tables, but code, models, BI dashboards, and pipelines,” said Prukalpa Sankar, Co-Founder of Atlan.