Investments

Investments
B2B Software VC Firm Elsewhere Announces $175M Fund
May 12, 2022

Venture capital firm Elsewhere Partners announced Thursday (May 12) it had closed Elsewhere Partners II, L.P., a $175 million fund. Based in Austin, Texas, the company funds B2B software companies that it deems “Elsewhere Outliers,” or businesses based outside of traditional venture capital hubs. “Not...

Investments
LatAm Payments and Banking Platform Dock Raises $110M
May 12, 2022

Dock, a payments and digital banking platform for Latin America, has raised $110 million in a funding round, which will go towards expanding internationally and adding new talent, a press release said. Dock’s work involves using its open API and cloud-native platform for payment, credit...

Investments
African Cybersecurity and Anti-Fraud Firm Identitypass Raises $2.8M in Seed Funding
May 12, 2022

Lagos-based cybersecurity and anti-fraud startup Identitypass has secured $2.8 million in seed funding that it will use to grow its suite of products and expand its platform into new regions, the company announced Thursday (May 12). Marc Ventures led the seed funding round for Identitypass,...

Investments
Crypto Banking Firm BVNK Raises $40M in Series A
May 12, 2022

South African crypto-to-fiat startup BVNK has raised $40 million in a Series A funding round, the company said on its website Thursday (May 12). BVNK said it wants to use the funding to carry on with its goal of building an “international payments and banking...

Investments
Deserve Adds $250M to Support Growth of Digital Credit Card Platform
May 11, 2022

Credit card startup Deserve on Wednesday (May 11) secured a $250 million credit facility with Goldman Sachs, Cross River and Waterfall Asset Management that will help the platform expand its digital credit card offering to more people in more places, according to a company press...

Investments
Blockchain Data Firm Chainalysis Raises $170M at $8.6B Valuation
May 11, 2022

Chainalysis raised $170 million in a Series F funding round led by Singapore’s sovereign wealth fund GIC that doubles the company’s valuation to $8.6 billion since June of last year, according to multiple media reports on Wednesday (May 11).  Launched in 2014 and headquartered in...

Investments
SME Financing Platform Crowdz Raises $10M
May 11, 2022

Invoice financing platform Crowdz has landed $10 million in financing of its own, the company said in a news release. Crowdz said it had gotten the investment in a funding round led by Citi and Global Cleantech Capital, with participation from Bold Capital Partners, TFX...

Investments
Egyptian eCommerce Startup Mylerz Raises $9.6M
May 11, 2022

Egyptian eCommerce fulfillment startup Mylerz is looking to expand following a $9.6 million in a growth funding round. As Magnitt reported Wednesday (May 11), the round was led by Egypt’s Lorax Capital Partners, a private equity firm, along with Fawry, an ePayment company also based...

Investments
Bitstack Secures $1M to Advance Bitcoin Savings
May 11, 2022

Bitcoin savings account app Bitstack raised 1 million euros ($1.05 million) in a funding round led by Founders Future, according to a press release on Wednesday (May 11). The Paris startup was launched last April by CEO Alexandre Roubaud and CTO Kabir Sethi with the...