Seed money

IT Startups Have Graduated from the Accelerator by Astana Hub and Google for Startups Increased Their Income

Retrieved on: 
Tuesday, December 20, 2022

Astana, Kazakhstan--(Newsfile Corp. - December 20, 2022) - Astana Hub , an international technopark for IT startups, summarized the results of the second enrollment of the Silkway Accelerator, a joint program between Astana Hub and Google for Startups.

Key Points: 
  • Astana, Kazakhstan--(Newsfile Corp. - December 20, 2022) - Astana Hub , an international technopark for IT startups, summarized the results of the second enrollment of the Silkway Accelerator, a joint program between Astana Hub and Google for Startups.
  • The performance is truly impressive and that may be an indicator of the program's effectiveness," stated Magzhan Madiev, CEO of Astana Hub.
  • Biometric, a KYC and client digital onboarding service based on biometric verification, increased its monthly revenue from 2 million tenges to 23 million tenges.
  • The two waves of accelerator programs have already been successfully held for participating startups from Central Asia, Azerbaijan and Mongolia.

Pakistani Fintech Creditfix Secures Seed Funding in a Round Led by Insitor Partners to Provide Loans to the Unbanked

Retrieved on: 
Wednesday, July 21, 2021

The Pakistani fintech startup Creditfix has announced that they have secured an undisclosed amount of seed funding in a round led by venture capital fund, Insitor Partners Pte. Ltd. The deal marks the first-ever convertible loan financing from an international investor into a Pakistani company to be approved by the State Bank of Pakistan (SBP), and is Insitors Partners inaugural investment into Pakistan.

Key Points: 
  • The Pakistani fintech startup Creditfix has announced that they have secured an undisclosed amount of seed funding in a round led by venture capital fund, Insitor Partners Pte.
  • The deal marks the first-ever convertible loan financing from an international investor into a Pakistani company to be approved by the State Bank of Pakistan (SBP), and is Insitors Partners inaugural investment into Pakistan.
  • With over 100 million people in Pakistan unbanked, Creditfix offers conventional and Shariah-based lending solutions and financial services for MSMEs.
  • Their team has a unique founder market fit and we're excited to help them scale during a historic boom for this sector."

Tachyum Triples Company Valuation On Closing of Series B Funding Round

Retrieved on: 
Tuesday, July 20, 2021

Tachyum today announced that it has closed its Series B funding round, led by private equity investor IPM Group in cooperation with the Slovak wealth manager, Across Private Investments.

Key Points: 
  • Tachyum today announced that it has closed its Series B funding round, led by private equity investor IPM Group in cooperation with the Slovak wealth manager, Across Private Investments.
  • Tens of millions of dollars are raised in series B.
  • We are pleased to reinforce our position as the lead investor in Tachyums Series B round and to support Tachyum in its further development on the way to production.
  • Tachyum is planning a Series C funding round to provide the capital necessary to achieve profitability.

Marco Financial Closes $82 Million Seed Round to Supercharge Growth

Retrieved on: 
Tuesday, July 13, 2021

The seed round will help build a more stable and equitable trade ecosystem."

Key Points: 
  • The seed round will help build a more stable and equitable trade ecosystem."
  • "Driven by its purpose, culture, and world-class talent, we believe Marco is ready to revolutionizethemassivebutoutdatedtradefinancemarketandhelpthousandsofsmallLatAm exporters grow their businesses.
  • News of Marco's seed round and credit facility expansion follows the company's $26M funding and credit round from September 2020.
  • For more information on how Marco can help power your business with working capital, please visitmarcofi.com.

AboveBoard Closes Seed Round with 91% of Outside Funds from Underrepresented Investors, Reflecting its Mission to Increase Diversity in Executive Hiring

Retrieved on: 
Tuesday, July 13, 2021

The company is fulfilling its commitment to diversity in all aspects of its business by raising 91% of the outside funds in its seed round from underrepresented investors.

Key Points: 
  • The company is fulfilling its commitment to diversity in all aspects of its business by raising 91% of the outside funds in its seed round from underrepresented investors.
  • "It was important to us to raise this round from investors who are underrepresented," said Lucinda Duncalfe, AboveBoard's founder and CEO.
  • "We have a powerful group that reflects our mission and I'm grateful for their support and investment in our vision.
  • Commune Angels committed very early to the round, which helped create momentum with other investors.

Dapper Labs and Boston Seed Capital Invest in NFT Tracking and Engagement Platform MomentRanks as Part of $1.7M Seed Round

Retrieved on: 
Tuesday, July 13, 2021

MomentRanks , the premier nonfungible token (NFT) resource and engagement platform, announced today that it has secured $1.7 million in seed round funding from a group of investors, including blockchain leader Dapper Labs , Boston Seed Capital and Permit Ventures.

Key Points: 
  • MomentRanks , the premier nonfungible token (NFT) resource and engagement platform, announced today that it has secured $1.7 million in seed round funding from a group of investors, including blockchain leader Dapper Labs , Boston Seed Capital and Permit Ventures.
  • With a product designed to help empower collectors, MomentRanks has quickly become a trusted destination for the NFT community, said Roham Gharegozlou, CEO of Dapper Labs.
  • Hundreds of thousands of people already use MomentRanks platform each month, and were beyond thrilled to support its leadership team on their rapid growth track.
  • Additional investors in MomentRanks seed round include Azure Capital and multiple angel investors.

UPDATE -- PurMinds Completes Initial Strategic Equity Investment in Israeli Psychedelic Drug Company IMIO Life

Retrieved on: 
Wednesday, July 7, 2021

This equity financing positions PurMinds for accelerated growth in the burgeoning psychedelic biopharma sector.

Key Points: 
  • This equity financing positions PurMinds for accelerated growth in the burgeoning psychedelic biopharma sector.
  • On June 13, 2021, and pursuant to the Share Purchase Agreement, PurMinds completed a significant seed funding investment in IMIO Life as the sole equity investor of the psychedelic subsidiary of Israeli pharmaceutical development company Nextage Therapeutics.
  • Following the completion of the investment, PurMinds now holds approximately 13% of the issued and paid-up share capital of IMIO.
  • Except as required by law, the Company does not intend and does not assume any obligation to update this forward-looking information.

Lacuna Technologies announces $16 million Series A round led by Xplorer Capital Management

Retrieved on: 
Wednesday, July 7, 2021

The round is led by Xplorer Capital Management LLC and also includes founding investor Playground Global.

Key Points: 
  • The round is led by Xplorer Capital Management LLC and also includes founding investor Playground Global.
  • The new funding comes on the heels of $17.5 million in seed funding and brings the total investment in Lacuna to $33.5 million.
  • Lacuna will use the proceeds of the round to expand its product offerings and scale its business to new markets.
  • As a result of this investment, Keith Nilsson, Managing Partner and Co-founder of Xplorer Capital Management, will join Lacuna's Board of Directors.

PropTech SaaS Startup Stayflexi Raises $1.6M in Seed Funding

Retrieved on: 
Tuesday, June 29, 2021

SAN FRANCISCO, June 29, 2021 /PRNewswire-PRWeb/ -- Proptech software company Stayflexi today announced it has raised $1.6 million dollars in seed funding from a cohort of prominent investors.

Key Points: 
  • SAN FRANCISCO, June 29, 2021 /PRNewswire-PRWeb/ -- Proptech software company Stayflexi today announced it has raised $1.6 million dollars in seed funding from a cohort of prominent investors.
  • In raising its seed funding, the company caught the attention of major players.
  • "We founded Stayflexi to try to fix a problem we personally faced in our hotel stays," said Stayflexi CEO and Co-founder Venkatesh Sakamuri.
  • Stayflexi is a San Francisco-based proptech company shaping the future of hotel and vacation rental stays.

Going Global: ShareVision raises $2.1 million Seed for 24/7 streaming platform

Retrieved on: 
Thursday, June 17, 2021

LONDON, June 17, 2021 /PRNewswire/ -- ShareVision raised $2.1 million in seed funding to scale its financial streaming platform, where both businesses and consumers are streaming content on the stock market, economical updates and financial education.

Key Points: 
  • LONDON, June 17, 2021 /PRNewswire/ -- ShareVision raised $2.1 million in seed funding to scale its financial streaming platform, where both businesses and consumers are streaming content on the stock market, economical updates and financial education.
  • The fintech startup that launched the first dedicated streaming platform for traders, economists and the world of finance has announced the successful completion of its seed funding.
  • With the most up-to-date news and live market analysis, ShareVision offers an all-in-one immersive experience that can be accessed anywhere at any time.
  • Having the backing from the founders of leading financial brokerages and institutions shows the potential ShareVision has in a huge market," Shah added.