Investments

Investments
OCN Raises $86 Million to Expand Gig Worker Platform
July 15, 2024

OCN, a gig worker-focused FinTech formerly called OneCarNow, raised $86 million in equity and debt in a Series A funding round. The firm, based in Mexico, will use the new funding to fuel its expansion across the Americas and globally, OCN said in a Monday...

Investments
Adaptive Raises $19 Million to Scale Construction Industry Financial Platform
July 15, 2024

Adaptive raised $19 million in a Series A funding round to scale its artificial intelligence-powered financial platform for businesses in the construction industry. The platform was launched in February 2023 and now has more than 280 construction companies managing over $1.4 billion of project volume...

Investments
JPMorgan and Standard Charters Back Blockchain Rails Firm Partior’s $60 Million Fund Raise
July 12, 2024

Partior has raised $60 million in a Series B funding round to add new capabilities and more currencies to its global unified ledger-based interbank rails for real-time clearing and settlement. The company’s infrastructure is used by major banks in financial markets that include London, New...

Investments
Nala Raises $40 Million to Expand Consumer Business Beyond Africa
July 12, 2024

Nala raised $40 million in a Series A funding round to expand its consumer business beyond Africa and to build its B2B payment platform for Africa. The new offerings will expand upon Nala’s app, which was launched in 2021 and now allows users in the United...

Investments
Skild AI Raises $300 Million to Build ‘General-Purpose Brain’ for Robots
July 11, 2024

Skild AI has raised $300 million in a Series A funding round to build an artificial intelligence (AI) model for robotics. The company will use the new capital to expand its team and to continue scaling its model and training datasets in preparation for future...

Investments
Fireworks AI Valued at $552 Million After New Funding Round
July 11, 2024

Fireworks AI raised $52 million to expand its artificial intelligence product. The investment values the 2-year-old firm at $552 million, according to a Monday (July 8) company blog post. The company helps businesses access multiple AI models. “Unlike proprietary mega models that are generic, non-private,...

Investments
Forestay’s New $220M Fund Targets the ‘Inflection Point’ in AI Startups
July 11, 2024

High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments, VC companies can still find plenty of opportunity. It’s a formula that Geneva-based Forestay Capital...

Investments
Earned Wealth Raises $200 Million for Doctor-Focused Financial Services Platform
July 10, 2024

Earned Wealth has raised $200 million for its business that advises doctors on their professional and personal finances. The company provides one interconnected platform that doctors can use to consult with wealth management experts on topics that include financial planning, tax planning, wealth management and...

Investments
Shein Promises $271 Million Investment in EU and UK Before Potential IPO
July 10, 2024

Shein reportedly pledged a $271 million, five-year investment in Europe and the United Kingdom. The planned investment comes as the fast-fashion retailer is preparing for a possible listing in the U.K. and fends off criticism of its business model, Reuters reported Tuesday (July 9). While...