Investments

Investments
Car Subscription Firm FINN Raises $110M to Expand Across US, Europe
May 25, 2022

Car subscription platform FINN on closed a $110 million Series B fundraising round that it will use for continued growth across the U.S. and Europe, according to a Wednesday (May 25) press release. Korelya Capital, Keen Venture Partners, Climb Ventures, Greentrail Capital and Waterfall Asset...

Investments
Saudi Parcel Locker Firm RedBox Notches $5M in Series A
May 25, 2022

RedBox, a smart parcel locker provider based in Saudi Arabia, has raised $5 million in a Series A funding round. As Magnitt reported Wednesday (May 25), the company works with last-mile services and allows customers to collect shipments from lockers in 18 cities throughout the...

Investments
Travel Startup TripActions Seeks Funding at $9B Valuation
May 24, 2022

TripActions is looking at a new round of funding with a higher value, highlighting the investor interest in travel tech companies as the industry recovers, according to Bloomberg on Tuesday (May 24). The new funding talks come with a $9 billion valuation for the company,...

Investments
Updata Partners Raises $608M to Top $1.5B in All-Time Funding
May 24, 2022

Growth equity investment firm Updata Partners, which focuses on B2B software companies, on Tuesday (May 24) announced the close of Updata Partners VII, L.P., with capital commitments of more than $608 million. The round marked Updata’s largest fundraising effort to date and brought its all-time...

Investments
eCommerce Chatbot Maker Zowie Raises $14M
May 24, 2022

Zowie, maker of an AI (artificial intelligence)-powered chatbot for eCommerce companies, announced Tuesday (May 24) that it had raised $14 million in Series A funding. The round, led by Tiger Global and with participants that include Google’s AI-focused fund Gradient Ventures, brings the company’s total...

Investments
FinTech Gibobs Gets Backing from Global PayTech Ventures
May 24, 2022

Global PayTech Ventures (GPT) recently invested in European FinTech platform Gibobs Allbanks to help users access financial services, according to a company press release Tuesday (May 24). The Gibobs Allbanks platform assigns personal financial analysts to negotiate on behalf of each of their customers for...

Investments
Shoppable Video Firm Firework Raises $150M at $750M Valuation
May 24, 2022

Firework, a company that creates livestream video shopping events for retailers, has raised $150 million in a Series B funding round, according to a Tuesday (May 24) press release. As The Wall Street Journal (WSJ) reported, the round — led by SoftBank’s Vision Fund 2...

Investments
UK Lending FinTech Creditspring Raises $60M
May 23, 2022

London-based FinTech Creditspring has raised $60 million in new capital, bring its total funds raised since its 2016 launch to $88 million, the company announced Monday (May 23). The lender touts its mission as providing loans that help borrowers increase their credit scores and overall...

Investments
PayEngine Snags $10M for Growth and Expansion
May 23, 2022

B2B payments platform PayEngine said it has secured $10 million in Series A funding that it plans to use to grow its team, expand access to clients, develop more financial products and improve its international support offerings, according to a Monday (May 23) company announcement. PayEngine’s...