Netcore Cloud, an SaaS company in customer communication, engagement, and retention, bets big on Personalization with its investment of close to $100m to acquire a majority stake in US-based, search-personalization company Unbxd Inc. It will also be infusing additional funding into Unbxd to propel the company's growth in developed markets. Founded by Pavan Sondur and Prashant Kumar in 2012, Unbxd is a 120-member team and has built a best-in-class AI-powered Product Discovery suite.
Manifest Climate, a climate intelligence SaaS+ (software as a service) platform for public and private organizations, has completed a CAD $30 million Series A raise. The round was co-led by BDC Capital Women in Technology Venture Fund and Climate Innovation Capital, with participation from the slate of investors that backed the company’s Seed Round in February 2021— including OMERS Ventures, Golden Ventures, Garage Capital, Active Impact Investments, Klass Capital and Bryker Capital, and influential angel investors.
Techstars announced a new accelerator program powered by J.P. Morgan that will invest more than $80 million in diverse entrepreneurs and founders across the country. Techstars and J.P. Morgan began partnering in 2021 to develop this program focused on advancing equitable access to funding in major economic centers. In the first half of 2021, Black entrepreneurs received just 1.2 percent of U.S. venture capital funding.
A national network with a mission to advance local space manufacturing and future launches in Australia is being backed with $52 million from the Morrison Government. The Government announced funding for the $157 million Australian Space Manufacturing Network under the Collaboration Stream of the $1.3 billion Modern Manufacturing Initiative.
The platform behind 75% of Australia’s equity crowd sourced funding (CSF) activity, Birchal, announced today it has reached a major milestone for the industry - the first platform to reach $100m in total funds raised. To mark the occasion Birchal announced it will legitimise SMEs and Startups by building Australia’s first equity crowdfunding ecosystem. This move will establish these entities as a mainstream asset class and will facilitate secondary trading and best in class stakeholder engagement, features that will attract even more retail and sophisticated investors to Australia’s exciting startup landscape.
Upstreet, the Aussie fintech rewarding shoppers with fractional shares on the ASX and US stock exchanges, the NYSE and the NASDAQ, announced the close of its seed-plus funding round. The platform that builds brand loyalty through investment rewards has accrued AUD$3 million from investment funds, bringing to startups total funding to AUD$4.9 million. Through the Upstreet app, shoppers can earn fractional ASX shares for each dollar spent with partnered retailers. Customers can continually add to their portfolios and sell their shares at their leisure, while partner brands can drive loyalty at minimal costs.
UniSuper, the $106 billion fund open to all Aussies, announced it has secured an investment relationship with Australia’s early-stage commercialisation fund manager – Uniseed. Uniseed focuses on innovative programs that will change the world for the better. Founded in 2000 and owned by the Universities of Melbourne, Queensland, Sydney, NSW and the CSIRO, Uniseed provides seed funding for research and tech developed by its five partners. These innovative firms provide around half of all patents created by research firms in Australia.
LambdaTest, an end-to-end cloud-based test orchestration platform, has closed a total of $45 million in a venture round led by Premji Invest with participation from existing investors Sequoia Capital India, Telstra Ventures, Blume Ventures, and Leo Capital. Sandeep Johri, Ex-CEO and present board member of Tricentis, has also angel invested in this round. LambdaTest, which is on a mission to push the boundaries of execution speed, performance and reliability of test execution, will use the funding for new product innovation.
Deepki, the only company offering a fully populated ESG data intelligence platform for the real estate sector, announces that it has raised €150 million in a Series C round of funding. The operation was co-led by One Peak and Highland Europe, two London-based Growth Equity firms specializing in category-leading, growth stage, technology companies in Europe. Other investors include Bpifrance, through their Large Venture fund, and Revaia, and existing investors Hi Inov and Statkraft Ventures, who continue to support the growth of the business.
After investing in PayPal and putting his financial weight behind households like Tesla, SpaceX, Twitter, Skype and Hotmail, U.S. entrepreneur Tim Draper, billionaire founder and managing partner of Draper Associates, announced his investment in Lord of the Trees (LOTT).