21/10 – Weekly Investment & Fundraising News

  • Fundraising News
  • 21.10.2022 06:05 pm

Bookkeep Secures $6.6 Million Investment Led by Fin Capital

Bookkeep, the smarter accounting automation platform, announced a $6.6 million seed+ round of funding led by Fin Capital, with participation from existing investors TTV Capital, Argonautic Ventures, Lerer Hippeau, Haymaker Ventures, and others. This round brings Bookkeep’s total funding to $10 million, following a $3.3 million seed round in 2021 led by Lerer Hippeau. The new funding will help accountants and businesses of all sizes automate their operations.

Turnkey Secures £2.5M Capital Investment Raise from Maven VCTs

Global technology company, Turnkey Group Ltd. (“Turnkey”), has announced it has secured a £2.5m GBP cash injection from leading private equity firm, Maven Capital Partners (“Maven”), one of the UK’s most active investors in growing businesses. Facilitated by a corporate finance company, Ragnar Capital, the funding will accelerate a five-year growth plan, with the first round released in September 2022 and the second round set to be released in early 2023.

Swiss FinTech vestr Closes Oversubscribed Series A Led by Elevator Ventures

Swiss FinTech vestr provides issuers of Actively Managed Certificates (AMCs) with the first independent software engine to digitize the value chain of active investment products. The platform empowers issuers to scale their AMC business, allowing them to focus on their core competencies. Discretionary investment managers use AMCs as a fast, flexible, and cost-efficient alternative to investment funds.

ChainSafe Raises US$18.75 Million in Series A Funding

ChainSafe Systems, one of the world's top blockchain infrastructure firms, announced that it has secured US$18.75 million in an oversubscribed Series A funding round. Round13 led the investment with NGC Ventures, HashKey Capital, Sfermion, Jsquare, and returning investors ConsenSys, Digital Finance Group, and Fenbushi Capital. Khaled Verjee, managing partner of Round13's Digital Asset Fund, joins ChainSafe's board of directors with Ethereum co-founder Joseph Lubin.

Paytrix Secures One of the Largest Pre-seed Investments in Fintech to Enable Online Businesses to Scale Globally

Paytrix, a payments curation platform for global marketplaces, announces that it has secured £5 million of new capital. The investment round was led by Hambro Perks, an international investment firm focused on private investing, alongside investment from Bain Capital Ventures, Fin VC, Better Tomorrow Ventures, The Fintech Fund and a number of notable angel investors. Global firms face complex payment infrastructures, high prices, payment acceptance challenges, and a changing legal framework.

Singapore-based Insurtech bolttech Secures Series B Investment to Continue the Company’s Rapid Global Growth

bolttech, one of the world’s fastest-growing international insurtech companies, announced Tokio Marine, alongside other shareholders, will lead bolttech’s Series B funding round. The investment values bolttech, Singapore’s only homegrown insurtech unicorn, at an up-round valuation of approximately US$1.5 billion, one year after it closed the largest ever Series A funding round for an insurtech.

Passiv Closes $2.2 Million USD Seed Round to Build SnapTrade: A Unified API for Aggregating Trading Accounts

Passiv, the Atlantic Canadian fintech company known for their portfolio management software that caters to retail investors, has closed a $2.2 million USD seed round. This investment followed the company's graduation from Y Combinator, a three-month startup accelerator programme that invested in the company alongside Mistral Venture Partners, Uncorrelated Ventures, New Brunswick Innovation Foundation (NBIF), East Valley Ventures and other angel investors.

Related News