Finout, a cost monitoring app for cloud software and platforms, today emerged from stealth with $18.5 million — a combination of a $14 million Series A funding round led by Team8 Capital and a $4.5 million seed round led by Pitango First. Co-founder and CEO Roi Ravhon said that the capital will be put toward…
Kenya-based Crossboundary Energy Access (CBEA), a mini-grid infrastructure fund, has raised $25 million from ARCH Emerging Markets Partners Limited, Bank of America, and Microsoft Climate Innovation Fund to back renewable energy projects across the continent. The CBEA, a subsidiary of the investment group Crossboundary, said in a statement that the new funding will unlock an…
A class action style lawsuit is being launched against Apple in the UK seeking damages worth a total of £768 million (circa $935M). The representative action is being filed by consumer rights campaigner, Justin Gutmann, citing competition law — with the suit accusing the mobile maker of abusing its market dominance to engage in exploitative…
Puffco has long led the market with innovative cannabis vaporizers. The Puffco Peak Pro is easily one of the best e-rigs available, and the company just unveiled a new vape called the Proxy. It offers the best of the Peak Pro and can be built into various form factors. Don’t be distracted by the lovely…
Small and medium-sized businesses (SMBs) have for decades struggled with being able to offer their employees health insurance. Sana, a startup that wants to make offering health insurance plans more accessible to those businesses, has raised $60 million in a Series B funding round. Trust Ventures and Gigafund co-led the round, which brings the Austin,…
Coinbase has hired Arnab Kumar, former executive at Prosus Ventures, in the latest push to relaunch its eponymous cryptocurrency exchange in India. Kumar, who has previously also worked at influential think tank Niti Aayog and Deutsche Bank, is joining the exchange as director of India market expansion, a spokesperson said in an email. At Niti…
Platform9, which bills itself as an “open distributed cloud company,” today announced that it closed a $26 million funding round led by Celesta Capital with participation from Cota Capital, NGP Capital and other investors. CEO Bhaskar Gorti said that the new cash will be used to drive Platform9’s go-to-market strategy and product research and development,…
Says Redfin CEO: ‘I said we wouldn’t lay people off unless we had to. We have to.’ The housing market has taken a huge hit this year as mortgage interest rates have surged and homeowners scale back on purchases. The latest casualties in the proptech world are Redfin and Compass, which both announced layoffs today…
Flip, an Indonesia-based consumer payment platform, has closed a $55 million Series B extension round led by Tencent with participation from Block (formerly known as Square) and existing backer Insight Partners. Additionally, a number of other investors, including founder and CEO of Checkout.com Guillaume Pousaz; executive of Doordash and board member of Coinbase and Pinterest…
Many people have plenty of online subscriptions that they barely use, and can save a fair amount of money with a service like Truebill to see all their recurring payments in one place. Spendflo wants to do the same for enterprise subscribers of SaaS services, and is targeted toward chief financial officers and finance leadership…
