Dallas Venture Capital LLC (“DVC”) Announces Closing of $80 Million Early-stage B2B SaaS Fund II in the US

DVC announced the closing of an oversubscribed $80 million fund (the target amount was $75 million) and is set to become one of the largest technology-focused funds to operate out of Dallas, Texas, USA. DVC is also currently raising a separate fund in India, DVC India Fund 1, to provide opportunities to Indian investors and has raised $20 million of its $50 million target. DVC US Fund II plans to invest alongside its $50 million India fund, making it a true cross-border venture capital fund that is poised to bootstrap two large start-up ecosystems in the US and India. 

ADDX Raises US$58 Million; Stock Exchange of Thailand, UOB join as Shareholders

Private market exchange ADDX has raised US$58 million in a Pre-Series B funding round that saw several financial institutions come on board as new shareholders: SET Venture Holding, a subsidiary of the Stock Exchange of Thailand (SET), UOB, Hamilton Lane (NASDAQ: HLNE) and Krungsri Finnovate, the corporate venture capital arm of Krungsri (Bank of Ayudhya PCL). The latest investment brings total funds raised by ADDX to around US$120 million, since the company’s inception in 2017.

Bitcoin Fintech Relai Raises €2.16M in Latest Funding Round

RELAI, the savings and investment app, has raised €2,159,470 in its latest funding round. After a strong private phase, which saw €1.2m invested by the likes of Redalpine, more than 850 investors have joined the table, contributing an additional €970,000, surpassing Relai’s target of €1.5m by more than €600,000. The funding round - which was Crowdcube’s first ever fully regulated bitcoin fintech - will allow Relai to continue expanding its user base across Europe, where the app has already been downloaded more than 100,000 times.

Fintech Previse Raises USD 18 Million in Series B Funding to Accelerate the Transformation of SME Working Capital Finance Globally

Previse announced that it has closed the first phase of its Series B financing. The UK-based fintech has raised USD 18 million of new capital to expand the availability of its innovative ‘data-driven’ working capital finance solutions, designed for SMEs. The round was led by Tencent, a global leading technology company, along with participation from existing investors including Augmentum Fintech and Reefknot.

Elliptic Announces Investment From J.P. Morgan to Accelerate Safer Participation in Crypto Markets

Elliptic, a global leader in cryptoasset risk management, announced J.P. Morgan as an additional investor as part of its recent $60 million Series C funding round led by Evolution Equity Partners and including SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group. This investment will help accelerate Elliptic's global expansion and further enable financial services market institutions to embrace the crypto opportunity with increased trust and confidence.

Fintech Lender Creditspring Raises £48M to Boost its Mission to Improve Financial Stability Across the UK

Fintech lender, Creditspring, announces that it has raised £48 million to supercharge its mission of improving financial stability across the UK. The funds will be used to support more members to avoid high-cost, unscrupulous lenders and manage their finances through the cost of living crisis, which continues to tighten its grip across the UK. Creditspring’s latest Financial Stability Tracker shows that one in six (16%) UK adults will need to borrow in the coming months.

Canaan Leads $15 Million Round in Brazilian Fintech Marven

Last June, the Brazilian Central Bank implemented a new framework for receivables, turning the world of Brazilian fintech on its head. Marvin was the first startup to take advantage of this new market with a “registration-as-a-service” platform that allows SMBs to pay their suppliers using their own credit card receivables. We’ve led a $15M Series A, alongside existing investors Canary and Maúa Capital, making this our largest investment in Latin America to date.