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South Korean online secondhand marketplace Danggeun Market raises $162M at a $2.7B valuation – 98bmp

Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162 million in a Series D round of funding with a valuation of $2.7 billion. (By the way, Danggeun means carrot in Korean.) This round of funding was led by DST Global, with additional participation from Aspex Management, Reverent Partners and existing investors such as Goodwater Capital, Altos Ventures, SoftBank Ventures Asia, Kakao Ventures, Strong […]

todayAugust 18, 2021 3


Trading platform Bitpanda raises $263M at a $4.1BN valuation – 98bmp

It’s not even half a year since crypto exchange Bitpanda announced a $170M Series B — when, back in March, Austria’s first unicorn was being valued at $1.2 billion. Today it’s topping that: Announcing a $263M Series C, led by Peter Thiel’s Valar Ventures, with the fintech startup now valued at a whopping $4.1BN — more than 3x its earlier valuation as crypto trading continues cooking on gas. The round […]

todayAugust 17, 2021 3


Revenue-based financing startup Jenfi raises $6.3M to focus on high-growth Southeast Asian companies – 98bmp

Many Southeast Asian digital businesses run into obstacles when seeking early-stage growth financing. They might not want to sell equity in their company, but often struggle to secure working capital loans from traditional financial institutions. That’s where Singapore-based Jenfi comes in, providing revenue-based financing of up to $500,000 with flexible repayment plans that co-founder and chief executive officer Jeffrey Liu refers to as “growth capital as a product.”  While revenue-based […]

todayAugust 17, 2021 4


Indian bike taxi service Rapido raises $52 million – 98bmp

Rapido, a bike taxi aggregator in India, said on Monday it has raised $52 million in a new financing round as the six-year-old startup looks to find space in a category dominated by Ola and Uber in the South Asian market. The six-year-old startup’s new funding — Series C — was financed by Shell Ventures, Yamaha, Kunal Shah of CRED, Amarjit Singh Batra of Spotify India, and Positive Moves Consulting. […]

todayAugust 16, 2021 1


Motivo raises $12.5M Series A to speed up chip design with AI – 98bmp

Chip design is a long slog of trial and error, taking years to bring a design to market. Motivo, a five year old startup from a chip industry veteran is creating software to speed up chip design from years to months using AI. Today the company announced a $12.5 million Series A. Intel Capital led the round along with new investors Storm Ventures and Seraph Group, as well as participation […]

todayAugust 12, 2021 1


Mushroom-based meat alternative startup Fable Food raises $6.5M AUD, will launch in the US – 98bmp

Sydney, Australia-based Fable Food is the latest plant-based food startup to announce funding. The company, which uses mushrooms in its meat alternatives, has raised $6.5 million AUD (about $4.8 million USD) in a seed round led by Blackbird Ventures, the Australian venture capital firm whose portfolio also includes Canva, Culture Amp and SafetyCulture. Other participants included agriculture and food tech venture firm AgFunder, sustainability-focused Aera VC and Better Bite Ventures, […]

todayAugust 12, 2021 1


Singapore’s logistics tech startup Parcel Perform raises $20 million – 98bmp

Singapore-headquartered Parcel Perform, which connects merchants with e-commerce carriers and provides shipment tracking features, said on Wednesday it has raised $20 million in a new financing round as it scales its business in several parts of the world. Cambridge Capital led the logistics tech startup’s Series A financing round, while SoftBank Ventures Asia and existing investors including Wavemaker Partners and Investible participated in it. The SaaS startup helps improve the […]

todayAugust 11, 2021 1


LawVu, a cloud-based platform for in-house legal teams, raises $17M NZD from Insight Partners – 98bmp

In-house legal teams play a critical role in companies, but a lot of them don’t have the same kind of technology as their counterparts in sales or finance. Instead, they often rely on email, shared inboxes and spreadsheets. LawVu gives them a cloud-based platform to share legal advice, documents, communicate with each other or external counsel and create reports for the rest of the company, including the C-suite. “LawVu is […]

todayAugust 9, 2021 1


FullStory raises $103M at a $1.8B valuation to combat rage clicks on websites and apps – 98bmp

Even with all the years of work that have been put into improving how screen-based interfaces work, our experiences with websites, mobile apps, and any other interactive service you might use still often come up short: we can’t find what we want, we’re bombarded with exactly what we don’t need, or the flow is just buggy in one way or another. Now, FullStory, one of the startups that’s built a […]

todayAugust 4, 2021 3