India’s Moglix valued at $2.5 billion in new funding

Moglix has more than doubled its valuation to about $2.5 billion from $1 billion just eight months ago as the Indian industrial business-to-business marketplace aggressively scales its offerings in many parts of the world. Alpha Wave Global (formerly called Falcon Edge Capital), which led the seven-year-old startup’s previous funding, has returned alongside Tiger Global to […]

TLcom Capital targets $150M for its second fund to invest in 20 African startups

TLcom Capital, the Africa-focused venture capital firm known to have made bets on Andela and Twiga, is raising $150 million for its second fund targeted at making early- and late-stage investments. The firm has reached the first close of $70 million, according to a statement shared with TechCrunch. It’s almost the equivalent of what TLcom […]

a16z, Monashees lead new round into inventory discovery startup Inventa

Inventa, a Brazil-based company offering a digital marketplace for small and medium-sized companies to discover and purchase new inventory, raised $20 million in Series A funding. Andreessen Horowitz and Monashees co-led the round and were joined by Founders Fund, Greenoaks, Greylock, Tiger Global and angel investors Hans Tung and Carlos Gracia from Kavak. Also participating […]

Payments infra startup M2P Fintech valued at over $600 million in $56 million funding

M2P Fintech, a payments infrastructure startup that has established market dominance in India, has raised $56 million in a new financing round, less than three months after closing its previous funding, as it works to deepen its footprints in several international geographies. Insight Partners, the New York-based private equity and venture capital firm, led the […]

Remote work and cloud adoption lands 1Password with $620M Series C, now valued at $6.8B

Password management platform 1Password has closed a massive $620 million Series C funding round that raises the company’s valuation to $6.8 billion. The investment was led by Iconiq Growth, with participation from Tiger Global, Lightspeed Venture Partners, Backbone Angels, and Accel, which led the company’s $200 million Series A and $100 million Series B rounds. […]

To reinvent itself in telehealth, Wheel lands $150 million Series C

When Michelle Davey was first building Wheel, a healthcare platform that helps staff clinical workforces, she had to convince investors on two visions: one, that consumers will soon demand high-quality virtual care, and two, that the behavior will change so dramatically that her startup would build vital, underlying infrastructure to scale hybrid medical workforces. “We’re […]

Sequoia Capital India looks to double down on commerce startup Bikayi

Bikayi is in talks to raise about $50 million in a new financing round, four people familiar with the matter told me, as the Indian startup looks to scale its platform that helps small businesses set up and run their e-commerce stores. Tiger Global and Sequoia Capital India are holding conversations with the Indian startup […]

Blossom Capital closes $432M fund for Series A deals in Europe

European startups collectively raised a record $100 billion+ in funding in 2021, a sign of their swelling ranks, ambitions and stature. Now, a VC in London has closed a record round of funding to cater specifically to that opportunity. Blossom Capital, which makes investments in European startups at the Series A stage, has raised $432 […]