Just over four months after announcing a $75 million Series D, M1 Finance today is announcing a new $150 million Series E round of funding led by SoftBank’s Vision Fund 2. The financing, which also included participation from existing backers, propels the Chicago-based fintech to unicorn status with a valuation of $1.45 billion. It also…
Pratilipi, an Indian startup that operates an online storytelling platform to enable writers to share their work in various formats, said on Wednesday it has raised a $48 million financing round led by Krafton. South Korean gaming giant Krafton led the Series D round for the seven-year-old Bangalore-based startup, bringing its to-date raise to $78.8…
Syfe founder Dhruv Arora Investment apps in Southeast Asia are attracting a lot of funding, and now some are raising fast follow-on rounds, too. For example, Indonesian robo-advisor app Bibit raised $65 million in May just four months after a $30 million growth round. Now Singapore-based Syfe is announcing that it has closed a $30…
Swedish electric aviation startup Heart Aerospace has received its biggest order to date: 200 of its inaugural ES-19 electric aircraft from aviation giant United Airlines and its regional airline partner Mesa Air Group. The deal, which includes an option of purchasing up to 100 additional aircraft, was announced together with a $35 million Series A…
Small and medium-sized businesses in Latin America can find it difficult to get the funds they need to export their goods to the United States. It’s a gap Marco Financial is looking to bridge through its tech-enabled risk assessment platform that can provide better insight on who should receive loans. To continue its mission, the…
As financial crime has become significantly more sophisticated, so too have the tools that are used to combat it. Now, Quantexa — one of the more interesting startups that has been building AI-based solutions to help detect and stop money laundering, fraud, and other illicit activity — has raised a growth round of $153 million,…
The skies are on the cusp of getting busier — and louder — as drone delivery and electric vertical take-off and landing passenger aircraft startups move from moonshot to commercialization. One former NASA engineer and ex-director of Uber’s air taxi division is developing tech to ensure that more air traffic doesn’t equal more noise. Mark…
Today we have new filings from Couchbase and Kaltura: Couchbase set an initial price range for its IPO, something we’ve been waiting for, and Kaltura’s offering is back from hiatus with a new price range and some fresh financial information to boot. Both bits of news should help us get a handle on how the…
Gembah’s mission statement is a deceptively simple one. The Austin-based company says it’s looking to “democratize product innovation by drastically lowering barriers to entry for creation of new products.” In that respect, at least, it’s not so dissimilar from various startup initiatives that have arrived over the past decade and change, from crowdfunding to additive…
Flipkart said on Monday it has raised $3.6 billion at a post-money valuation of $37.6 billion in what is considered as the pre-IPO round for the Indian e-commerce conglomerate as it works to list in the public markets as soon as early next year. The new round of funding — by far the largest for…
