28/10 – Weekly Investment & Fundraising News

  • Fundraising News
  • 28.10.2022 06:05 pm

E-commerce Platform Mason Seeds $7.5M as it Takes on the ‘Amazon Tax’ and Builds the World’s First Commerce Engine for Online

Global retail e-commerce sales are set to reach $8.1T in 2026 and brands will be vying for e-commerce store conversions and growth to capture this revenue opportunity. Retail software platform mason announced a $7.5M seed round to help them sell better and faster without high Amazon fees. The funding round was led by Accel and Ideaspring Capital with participation from  Lightspeed India Partners as well as Mana VC, Gaingels, Core91 and VH Capital.

Tymit Raises £23 Million in Series A Funding for BNPL Proposition

London-based BNPL player Tymit has closed a £23 million Series A funding round led by retailer Frasers Group. The money will be used for product development and to support the launch of Tymit's B2B2C installment program for merchants. This, says the firm, provides all the benefits of BNPL under merchants’ own brand for free, with the ability to strengthen customer relationships through data-driven insights and loyalty.

WATI Raises $23M Series B Funding Round, Powering WhatsApp for Businesses

Over 2 billion people around the world use WhatsApp to communicate everyday things and it’s little wonder that businesses are taking to the messaging platform to support their customers where they feel most comfortable. Helping them supercharge this approach, customer and sales engagement tool WATI (which stands for ‘WhatsApp Team Inbox’) announced a $23M series B funding round to scale the team and product and reach more businesses globally.

ConnexPay Secures $110 Million Growth Investment Led by FTV Capital to Propel Global Expansion and Unify Payments Ecosystem

ConnexPay, the first and only payments technology company that integrates payments acceptance and issuance inside a single platform, announced a $110 million growth equity investment led by FTV Capital, a sector-focused growth equity investor with more than two decades of experience in payments and financial services. Previous ConnexPay investors also participated in the round. 

Surfe, the Connected Revenue Workspace used by Google and Uber, Raises €4M Seed Round

Surfe, the fully connected workspace for revenue teams that integrates and synchronises prospect and customer data into CRM software, has raised a €4M Seed Round led by 360 Capital. Cologne-based VC fund TS Ventures, founded by Tim Schumacher (Co-founder of Adblock makers Eyeo) and Stephan Jacquemot (previously Head of Microsoft's EMEA Startups programme), participated in the round, one of the largest in France thus far this year. Personio and Nasdaq-listed Tenable are angel investors.

BMLL Secures USD 26 Million Series B Funding

BMLL, the leading, independent provider of harmonised, historical Level 3 data and analytics across global equity and futures markets, announced it has secured a USD 26 million Series B investment in its latest funding round. The round was led by Nasdaq Ventures, FactSet and IQ Capital’s Growth Fund, supported by ACF Investors and other new and existing investors. BMLL provides historical Level 3 data and analytics to the world’s most sophisticated capital market participants.

Qantev Raises €10 Million in Series A Investment Round to Scale its AI-driven Software for Health Insurers

Qantev, the Artificial Intelligence (AI) insurtech for health insurers, raises 10 million euros in its Series A funding round. The fund will be used to fuel the company’s continued global market expansion and grow its AI & Engineering team to enhance its health claims platform for insurers. Omnes and RAISE Ventures led the round, with continued support from Elaia with the PSL (Paris Sciences & Lettres) Innovation Fund - a fund intended to support the most promising tech-focused startups. 

Lendistry Closes $85 Million Senior Debt Offering in One of the Largest Institutionally-Led Capital Raises by a CDFI in 2022

Lendistry, a minority-led and technology-enabled small business and commercial real estate lender with Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certification, announced the closing of a private placement (the "Offering") of $85 million aggregate principal amount of unsecured Fixed to Floating Rate Senior Notes due 2027 (the "Notes"). 

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