21/01 Weekly Investments and Funding Recap
- Fundraising News , Investment
- 21.01.2022 08:38 am
Personetics received an $85 million investment from Thoma Bravo
Personetics, the worldwide leader in financial data-driven customization and customer engagement solutions for banks and financial services providers, announced that it has secured $85 million in expansion capital from Thoma Bravo, one of the world's most prestigious software investment firms. Personetics received a total of more than $160 million in investment by the end of 2021. Investors like Viola Ventures, Lightspeed Ventures, Sequoia Capital, Nyca Partners, and Warburg Pincus have invested in Personetics. Personetics' artificial intelligence-based engagement platform is quickly becoming the industry standard in financial-data-driven personalization, customer engagement, and money management for global financial institutions across all channels. The company operates in a global market worth approximately $15 billion.
Cake raises 4.6 million euro in funding for its international expansion
Truffle Capital, a French fintech venture fundraising firm, is leading a fresh capital round that includes early-stage investors. Belgian startup Cake is writing the recipe for the future with the help of the capital raise: the independent banking app Cake will be phased out by February 2022 to make room for European development with services aimed at merchants and brands (through Cake for Business) and banks (via Cake for Banking) (via Cake for Banks). Cake for Business has a solid foothold in the Belgian market. In full swing is the marketing platform that enables merchants and brands to give cashback discounts in a targeted manner to segments of consumers based on their previous purchase behavior. Currently, there are more than 100 business partners, including companies such as Schoenen Torfs, the JBC Group, Veritas, Deliveroo, and Lukoil, among others. More than 800,000 euros in automatic cashback have already been received by Belgian consumers using the Cake platform, with 125,000 euros being earned in December 2021 alone.
Zero Hash raises $105 million Series D funding
With the announcement of its $105 million Series D funding round, Zero Hash, the leading B2B digital-asset- as-a-service infrastructure that provides a turnkey solution to allow any platform to allow their customers to buy and sell digital assets, send, and receive digital assets, reward, earn, and stake digital assets, has raised a total of $105 million in funding. Zero Hash's backers currently include Bain Capital, NYCA, and Steve Cohen's Point72 Ventures, as well as other angel investors. A fundraising for the Zero Hash's Series D comes three months after the company announced its Series C, which took place in September 2021.
Lattice triples valuation to $3 billion, raises $175 million in Series F funding round
After achieving unicorn status in 2021, Lattice has continued to expand at unprecedented rates, demonstrating that people strategy continues to be a key concern for firms wishing to flourish in the new world of work, according to the company. A fresh $3 billion value has been assigned to Lattice, the premier people management platform for organizations with people-first cultures. This comes after the company closed on a $175 million round of investment led by Thrive Capital, Elad Gil, Tiger Global, and Dragoneer earlier this year. To continue to fuel the company's rapid growth across industries and geographies, as well as to advance its product offerings, Lattice CEO and co-founder Jack Altman stated that the company decided to take on additional capital less than 10 months after closing a Series E round in March 2021 in order to expand its product offerings.
Accrue Savings raises $25 million in Series A led by Tiger Global
Accrue Savings, the merchant-embedded shopping experience that rewards consumers for saving, has announced it has raised $25 million in a Series A funding round led by Tiger Global, with participation from Aglaé Ventures, the tech investment firm backed by Groupe Arnault, Maple VC, and notable leaders such as UPS CEO Carol Tomé and Fanatics CEO Michael Rubin. Returning investors include Twelve Below, Box Group, Red Sea Ventures, Ground Up Ventures, Good Friends, Silas Capital Ventures, among others.Launched in November 2021, Accrue Savings empowers consumers to save for purchase while earning cash incentive rewards from the brand along the way. Retailers can finally reward customers who choose saving over debt by making FDIC-insured cash contributions to a customer’s Accrue Savings account when customers meet milestones on their savings journey.
Friktion raises $5.5 million to bring full-stack portfolio management to DeFi on Solana
Friktion Labs, the development organization building Friktion – Solana-based options and structured product protocol, has concluded a $5.5 million capital raise. Investors of the round include Jump Crypto, DeFiance Capital, Pillar VC, Libertus Capital, Delphi Ventures, Sino Global Capital, Tribe Capital, Castle Island Ventures, Dialectic, Petrock Capital, Solana Ventures, and other angels. Friktion has also brought on board its platform, a group of industry-leading derivatives traders and market makers in Genesis Trading, Alameda Research, LedgerPrime, QCP Capital, CMS Holdings, Orthogonal Trading, and GSR. As of writing, Friktion is currently Solana's largest options and structured products protocol with over $100 million deposited across 2 strategies (Volts), supporting over 11 top crypto assets.
Fintech Cushon raises £35 million
Workplace savings fintech, Cushon, has successfully closed a £35 million fundraising round and announced its third acquisition, as part of its drive to lead a tech revolution in workplace pensions and savings. The £35 million was provided entirely by Cushon’s existing investors, including fintech venture capitalist, Augmentum Fintech Plc, and AshGrove Capital, a leading independent pan-European specialty lending firm. Other companies in Augmentum’s portfolio include Tide, Interactive Investor, and Habito. The announcement brings the total amount raised by Cushon over the last two years to £61m, with the acquisition making Cushon the fifth-largest master trust pension provider in the UK and doubling its assets under management from £840 million to £1.7 billion across 400,000 customers.
Routefusion raises $10.5 round to simplify cross-border payments
Routefusion raised another $10.5 million in a “seed prime” round, bringing the company’s total institutional funding raised to date to $14.1 million. New investor Canvas Ventures led the most recent round, with participation from existing investors including Silverton Partners and Initialized Capital and new investor Haymaker Ventures. Angel investors Sherwin Gandhi (co-founder of Jeeves) and Aldrin Clement (co-founder of Novel Bank) also backed Routefusion in the “seed prime” raise. The company plans to double its headcount from 20 to 40-plus employees by the end of this year, Seal said. Seal is currently focused on expanding Routefusion’s product offerings in Latin America, Europe, the United Kingdom and Canada, and is pre-emptively exploring different markets in Africa, where he expects to see surging demand in the next two years.
Bolt announced $393 million in new funding fuel commerce’s first federated checkout network
Bolt announced $393 million in new funding: $333 million in Series D funding and $60 million in follow-on capital at 18X valuation 18 months ago. New investors include Untitled Investments, Willoughby Capital, and Soma Capital, joining existing investors General Atlantic, Tribe Capital, Activant Capital, and Moore Strategic Venture that participated in the round. This new raise brings Bolt’s total funding to over $600 million. This is another small step for Bolt, and one giant leap for online commerce. This funding brings us one step closer to ending guest checkout on the internet. Retailers and brands crave a network outside the major marketplaces and the ability to offer their customer's consistent experiences. Shoppers, meanwhile, want a single identity to shop securely, wherever they are.
Indian Neobank Kaleidofin raises $10 million
Fintech neo banking startup Kaleidofin has raised $10 Mn in a Series B funding round led by Michael and Susan Dell Foundation. Existing investors Oikocredit, Flourish Ventures, Omidyar Network, Blume Ventures and Bharat Fund also participated in the round. Founded in 2017 by Sucharita Mukherjee and Puneet Gupta, Kaleidofin claims to provide curated, goal-based financial solutions to customers in underbanked segments using financial planning and wealth management tools. Kaleidofin’s platform tries to understand the financial goals of each customer’s household, identify sources of financial vulnerability, preferences and risk tolerance.