20/03 – Weekly Investment & Fundraising News

  • Fundraising News
  • 20.03.2023 09:05 am

Fundpath Takes on Fuel with £4M Late Seed Funding Round

Fundpath, the data and technology business bridging the information disconnect between asset managers and wealth managers, confirmed the completion of a £4m late seed funding round with growth capital partner Fuel Ventures. Launched in 2021, intelligent data-driven SaaS platform Fundpath, is transforming the traditional sales process, enabling fund buyers and allocators to share their business responsibilities, parameters, interests and intentions quickly and securely with asset management firms.

PhonePe Raises $200M in Additional Funding from Walmart

PhonePe, one of India’s largest fintech platforms, announced it has raised additional $200 million in primary capital from Walmart, at a pre-money valuation of $12 billion. This new funding comes as a part of PhonePe’s ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year. With this tranche, the company has raised $650Mn from several global investors. The company expects further investments, which will be announced in due course.

Stripe Raises More than $6.5B in Series I Funding Round

Stripe, which builds economic infrastructure for the internet, has signed agreements for a Series I fundraise of more than $6.5 billion (€6.15 billion) at a $50B (€47B) valuation. Primary investors include existing Stripe shareholders—Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital—as well as new investors including GIC, Goldman Sachs Asset and Wealth Management, and Temasek.

Samsung Next Invests in Mitiga Brings Total Funding to $45M

Mitiga, the cloud and SaaS incident response leader, announced the completion of Series A Round bringing total funding to $45 million. Led by ClearSky Security, with participation from Samsung Next and existing investors Blackstone, Atlantic Bridge and DNX, this news comes on the heels of Mandiant’s former President/COO, John Watters joining Mitiga as an independent board member.

Clara Secures Debt Financing for up to $90M from Accial Capital to Strengthen its Presence in Colombia

Clara, the leading end-to-end digital corporate spend management platform in Latin America, announcedapproved financing for up to 90 million dollars from Accial Capital, a US debt provider with a focus on emerging markets, and its newly launched fund in collaboration with Skandia FCP IMPACTO, an impact-focused debt fund offered by Skandia, managed by Accial. Clara secures this line of credit before completing their first year of operations in Colombia and is close to celebrating their third anniversary as a company.

Connectd Raises $2.6M to Help Grow and Manage Relationships in the Startup Ecosystem

Connectd, the leading platform for managing and growing relationships between startups, investors and advisors, has secured $2.6m in seed funding as it continues its expansion. Following a series of developments in 2022, including tools for legal and portfolio management, the Connectd platform has continued to attract founders, investors and advisors at scale. In the last two consecutive years, this has led to four times year-on-year growth.

APEXX Global Raises $25M to Expand its Presence in North America and Enhance its Leading Payment Orchestration Platform

APEXX Global (‘APEXX’), the leading global payments orchestration platform, has raised $25m from existing and new investors, closing its Series B  round. The funds will be used to develop APEXX’s products and technology and to expand its presence in North America. APEXX raised the proceeds from investors across Europe, including MMC Ventures, who has backed the company since 2017, alongside Alliance Ventures and Forward Partners who increased their investments after participating in the previous round.


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