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The latest Venture & Investment reporting, interviews and analysis from INSIGHTEX.
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Harness, the Modern Software Delivery Platform® company, today announced $150 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, and Hercules Capital, Inc. (NYSE: HTGC). The investment will be used strategically to support the expansion of the Harness platform, including the addition of new modules, further integrating generative AI into the platform, and…
Fintech Farm, a pioneering technology provider for medium-sized banks in emerging markets, has successfully raised $32 million in a Series B funding round. The round included an initial phase led by Nordstar and an extension led by the Bank of Georgia, listed on the London Stock Exchange. Founded in 2020, Fintech Farm specializes in empowering…
Cutting-edge insurtech company specializing in manufactured home insurance solutions, CoverTree secures $13 million Series A funding round led by Portage, with participation from investors such as AV8, Distributed Ventures, Detroit Venture Partners, Ludlow Ventures, Annox Capital, and more. To date, CoverTree has raised $23M to provide affordable insurance solutions to the growing manufactured housing economy. This Series A investment…
iwoca, one of the leading SME lenders in Europe, announced today a new debt funding package worth £270 million. This investment brings the total funding received by the company since its inception in 2012 to over £1 billion. The funding includes £150 million (€175 million) in debt financing from Citibank and Insight Investment to support…
Pleo, the leading European spend management solution, is thrilled to announce the securing of a €40 million debt financing facility from HSBC Innovation Banking UK. This strategic partnership marks a significant milestone in Pleo’s mission to assist businesses at every stage of their growth journey by enhancing financial flexibility and supporting seamless spend management. With…
In a major deal that reaffirms the market’s confidence in global fintech SumUp as a company with solid revenues and foundations, and a bright future, the company raised €1.5 billion from private credit lenders in a round led by Goldman Sachs – one of the largest European private credit deals of its kind in recent years. The…
Monzo, a leading British fintech group, is finalizing an expanded fundraising round this weekend, which includes investment from prominent global technology investor Hedosophia, known for its early support of Airbnb and Uber. According to Sky News, Hedosophia has agreed to terms to become a new shareholder. City insiders revealed that an announcement could come as…
xAI, Elon Musk’s AI venture and a rival to OpenAI, is set to raise $6 billion at an $18 billion pre-money valuation, a trusted source familiar with the deal reports. This funding round would give investors a 25% stake in the company, with the deal expected to finalize in the coming weeks unless the terms…
ComplyAdvantage announced its acquisition of Golden, a San Francisco-based innovator automating the construction of one of the world’s largest knowledge graphs, which shows interconnected data points and their relationships for the purpose of analyzing complex information. Financial institutions and other regulated entities are required by law to ensure the people and organizations they choose to…
Pomelo, the first consumer fintech to enable international money movement with consumer credit, announced a Series A of $35 million in venture capital and a $75m expansion of its warehouse facility from Vy Capital, Founders Fund, and A* Capital. This brings total funds raised to date to $55m in equity capital and $125m for its warehouse facility. This round of funding follows Pomelo’s inclusion…
Ramp, the company revolutionizing financial management with its ‘better corporate card’, today announced a significant capital infusion in its Series D-2 funding round. Founded just five years ago, Ramp’s steadfast mission has been to empower businesses to spend less and save more, a commitment that remains at the heart of their operations. Ramp has evolved…
Hokodo, Europe’s leading provider of digital payment terms solutions, has today unveiled a new €100 million debt facility from Viola Credit, a global credit investment manager dedicated to fostering the growth of the innovation economy. With this fresh injection of financing, Hokodo is poised to facilitate over €1.5 billion of B2B transactions in the next…
