B2B manufacturing and automation startup Groyyo has raised $40 million in a combination of debt and equity through a Series A funding round that it will use to grow its manufacturing teams as well as for product and tech development, VC Circle reported. The Mumbai-based...
Reverse logistics firm Cartlow has secured $18 million in a Series A funding round from AlSulaiman Group to further the startup’s expansion efforts in the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE), according to a Wednesday (June 15) press release published...
B2B eCommerce startup Dastgyr Technologies has set a Series A fundraising record for its home country, Pakistan, with $37 million, Bloomberg reported Monday (June 13). Dastgyr, which means “helper,” wants to create an eCommerce platform similar to Alibaba for emerging markets. It serves more than...
World Innovation Lab, a venture capital firm that invests in software as a service (SaaS) companies in the business-to-business (B2B) market, Tuesday (June 14) announced it raised $1 billion in new capital. The Palo Alto, California, fund said in its announcement that it will deploy...
Digital payments network MFS Africa raised $100 million in equity and debt funding led by Admaius Capital Partners in an extended Series C, bringing the round’s total to $200 million, according to a press release on Tuesday (June 14). Additional investors included new backers Vitruvian...
The President of the United States has the power to block certain investments in U.S. companies from foreign companies if they are seen as a threat to the national security, but a new proposed bill could extend the government’s powers to block U.S. investments in...
Healthcare distribution tech platform bttn wrapped up a $20 million Series A funding round that puts its valuation at $110 million, according to a Monday (June 13) company press release. Tiger Global led bttn’s funding efforts, with participation from existing investor Fuse. The company is...
Early-stage venture capital firm 8i Ventures said Monday (June 13) that it had sold part of its seed stake in Banking as a Service (BaaS) FinTech M2P Fintech, earning more than 36 times its original investment price in the process, according to The Economic Times....
For FinTechs, and for the venture capital firms that fund them, the mantra “growth at all costs” is so 2021. Aunkur Arya, venture partner at Menlo Ventures, told PYMNTS’ Karen Webster in an interview that only six months into 2022, entrepreneurs are learning that the...
