Leonid Goriev

Today’s Fintech News. 👉 Fintech Payoneer is buying 5-year-old global payroll startup Skuad for $61M in cash. 👉 Ignites Startup Growth with Focus on B2B SaaS, Fintech, and Deep Tech. 👉 Fintech must guard against excessive lending and short-term focus: CEA. Read more at: www.finextcon.com #finextcon #fintechnews #fintech #readmore #moreupdates #fintechupdate

14

Frumtak Ventures, an early-stage investor, has raised $87 million for Frumtak IV, its fourth fund. Despite not having a preference for any particular industry, the fund has historically made the majority of its investments in seed or Series A B2B SaaS businesses. Investors will be concentrating on businesses that operate at the nexus of deeptech, AI, and software, capitalising on Iceland's historical advantages in sectors including energy, climate change, #healthcare, #transport, #logistics, and ocean technology. Frumtak 1 and Frumtak 2 venture funds are managed by Frumtak Ventures. The funds' limited partners are primarily pension funds, with a few other Icelandic stakeholders included. Frumtak 1 has all of its money in. Frumtak 2 makes investments in post-seed, early-stage, and revenue enterprises with significant growth potential. Svana Gunnarsdottir, Asthildur Otharsdottir, Andri Heiðar Kristinsson, Read more - https://lnkd.in/gsrAENQV To share your startup story write us on - contact@startuprise.io #FrumtakVentures #venturecapital #businesses #technology #SaaS #revenue #fundraising #funding #startup #news

45

2 Comments

Unified API platform, Knit has raised $1 million in a seed funding round led by Endiya Partners, along with participation from Axilor Ventures and angel investors. Knit offers a plug-and-play integration platform for SaaS companies to help them build and maintain integrations with other SaaS tools with minimal effort. It authenticates, normalizes, and syncs data in real-time across HRIS, ATS, CRM, Accounting, Payroll, E-Signature, Expense Management, and Communication tools. Knit’s Unified API aggregates APIs for APPs within a category like HRMS/ CRM etc., allowing developers to build integrations with all APPs within the category with a one-time effort of integrating with the Knit unified API. By providing a common data schema across all APPs within the category, Knit empowers SaaS businesses to integrate and share data seamlessly with 100+ third-party applications in one go. Founders: Gaurav Bhawnani, Kunal Mishra and Yasharth Mishra Follow Rise & Shine for daily startup updates. Stay informed, stay ahead ➡️ www.riseshine.in #api #seedround #saas #funding #startup

5

Last Week Funding & M&A Updates [24 – 29 Jun] 🚀 Funding Highlights: - 25 startups raised around $211 million. - 9 growth-stage deals and 15 early-stage deals. - One growth-stage startup kept its transaction details undisclosed. 🌟 Growth-stage Deals: - 9 startups raised $150.84 million. - Edtech company upGrad topped with $35 million debt funding. - SaaS startups Rocketlane, Smartworks, Rare Rabbit, and Rupeek followed with $24M, $20.24M, $18M, and $15M. - Doceree, Bluestone, Matter, and NovaVente raised capital. 🌱 Early-stage Deals: - 15 startups secured $60.13 million. - B2B platform Zyod led the list. - Cloudphysician, Sid’s Farm, Two Brothers Organic Farms, and Morphing - Machines followed. - Other mentions: CheQ, Nitro Commerce, Neo San. 🏙️ City-wise Deals: - Bengaluru led with 10 deals. - Followed by Delhi-NCR, Jaipur, Mumbai, and Ahmedabad. 📈 Segment-wise Deals: - Fintech startups topped with 4 deals. - E-commerce, Manufacturing, Agritech, and Healthtech followed. 🔍 Series-wise Deals: - Seed funding led with 7 deals. - Series A (6 deals), pre-Series A (4 deals). - Debt and Series B (3 deals each), Series F, Series D. 📉 Funding Trend: - Weekly funding dropped 76.73% to $211 million from the previous $906 million. - 8-week average: $404 million with 28 deals per week. 💡 Fund Launches: - BizDateUp to allocate ₹40 crore for women entrepreneurs. - Applications open on July 1st. 💼 M&A: - Finnest acquired a 53.75% stake in Kitchens@. - Nodwin Gaming’s Singapore subsidiary to increase its stake in Freaks 4U to 100%. 🔮 Potential Deals: - Ecom Express to raise Rs 1,424 crore via a rights issue. - Zepto in talks to secure an additional $400 million. 🚀 New Launches: - Flipkart Group launches UPI app super.money. - CoinDCX introduces Web3 mode. - Acko launches Acko Drive Service Centre. - Park+ pilots on-demand driver hiring services. - Zomato launches restaurant services hub. 📰 News Flash: - Ather converts into a public entity. - Prosus writes off $500 million investment in Byju’s. - Zomato holds 56-57% of the food delivery market. - DGGI asks online gaming companies to disclose cashback offered. Avanse Financial files DRHP. - After a sudden spike last week, funding dropped nearly 77% to $211 million this week. Stay connected for more updates! #StartupFunding #IndianStartups #FundingNews #GrowthStage #EarlyStage #Investments

7

Don't miss out on the rich insights shared by Linda Lian and Vlad Loktev at Startup Grind 2024 – click here to read the full article and gain unique insights for your entrepreneurial journey! https://lnkd.in/duZpA6Dv #StartupGrind2024 #LindaLian #VladLoktev

11

EvoluteIQ has successfully raised $20 million in a recent funding round led by Round2 Capital Partners, with participation from Nordea Growth Fund, DCAP Select, and PH Ventures. Founded in 2019 by Sameet Gupte, EvoluteIQ is revolutionizing the way businesses approach digital transformation through its AI-powered, low-code/no-code automation platform. This funding will fuel the enhancement of its innovative platform and support its ambitious global expansion plans. With a strong focus on sectors like healthcare, banking, financial services, and insurance, EvoluteIQ’s solutions are designed to streamline workflows, reduce operational costs, and drive scalability for organizations worldwide. Stay tuned for more updates on how EvoluteIQ continues to empower businesses with advanced automation technologies! Read More: https://lnkd.in/gdPkrVs4 #EvoluteIQ #BusinessAutomation #FundingNews #DigitalTransformation #AI #LowCode #NoCode #Innovation #VentureCapital

1

PITCH DECK TEMPLATE Sequoia Capital is one of the best Venture Capital Funds in the world Their blueprint for founders seeking secure funding is amazing Here's what you'll learn: • Company Purpose • Problem • Solution • Why Now • Market Size • Competition • Product • Business Model • Team • Financials #Startup #innovation #entrepreneurship #founders #entrepreneur #money #investing #markets #venturecapital #business #personaldevelopment #motivation #investment #future #sustainability #technology #fundraising #dreamers

2

“VCs are founders too, running an investment fund is their product. They have to raise funds from their investors, manage customer (investor) relations and successfully deploy capital, just like a startup founder.” 🧰 Extract from "The Seed VC's Perspective - How to Think Like a Startup Investor" 🤔 Read the full blog here: https://lnkd.in/e9bGNj5U #fundraising #venturecapital #seedinvestor #vc #vclessons #seedstage #scaleuplessons

9

1 Comment

Trying to grow your startup? Don’t let the wrong bank make it harder! There’s a new blueprint for startup banking that actually helps you extend your runway, protect your cash, and grow faster. And it’s laid out in our new guide to startup cash flow optimization. Give it a read before you open any accounts. ➡️ https://bit.ly/3VWQdxY

28

Last Week Funding & M&A Updates (23 - 28 Sep) 🚀 Funding Highlights: - 29 startups raised around $461 million. - 10 growth-stage deals and 18 early-stage deals. - 1 startup kept the transaction details undisclosed. 🌟 Growth-stage Deals: - 10 startups raised $397.7 million. - Whatfix spearheaded its $125 million funding round. - M2P Fintech raised $101.8 million. - Followed by Qure.ai, HomeLane, AdOnMo, and Atlys with $65 million, $27 million, $25 million, and $20 million in funding respectively. 🌱 Early-stage Deals: - 18 startups secured funding worth $63.32 million. - Nurix AI led the list. - Two Point O Capital, Ahammune Biosciences Pvt. Ltd., CoRover, and The Health Factory followed. 🏙️ City-wise Deals: - Bengaluru led with 17 deals. - Followed by Delhi-NCR, Mumbai, Chennai, Hyderabad, and Pune. 📈 Segment-wise Deals: - AI startups topped with 5 deals. - E-commerce, Fintech, SaaS, Food and Beverages, Adtech, and Automotive Tech startups followed. 🔍 Series-wise Deals: - Seed funding led to 10 deals. - Followed by 4 pre-seed, 3 Debt, 3 Series A, and more. 📉 Funding Trend: - Weekly startup funding dropped by 9.29% to $461.02 million compared to $558.24 million the previous week. - 8-week average: $402.67 million with 28 deals per week. 💡 Fund Launches: - Optimistic Capital launched a Rs 200 crore fund focused on microbreweries. - Tribe Capital and Oister Global launched a $500 million secondary fund for the next two years. - SCOPE established a $50 million VC fund for fintech and gaming startups. - Suresh Sambandam, founder of Kissflow, introduced MudhalVC to support idea-stage startups in Tamil Nadu. 💼 M&A: - Zaggle acquired a controlling stake in TaxSpanner. - Loco was acquired by UAE-based Redwood. - HomeLane made an offer to acquire DesignCafe. - Redcliffe Labs plans to acquire Celara Diagnostics. As the funding landscape continues to shift, staying informed is crucial. If you're exploring fundraising or M&A opportunities, the IBGrid team is here to help businesses like yours Reach out to us at connect at hi@ibgrid.com. #IndianStartups #Investments #weeklyupdates #mergersandacquisitions #fundraising #InvestmentBanking

8

Understanding and tracking the right metrics can make or break your chances of securing the funding required to fuel your startup’s growth. 📈 Today, we explore the 7 most important metrics for SaaS startups looking to raise a 🌱 Seed round, along with simple formulas for how to calculate each metric. https://lnkd.in/gZe5zTiq #SaaSmetrics #startupfinance #fundraising #SaaSstartups

6

We are refreshing our Youtube channel with more educational content now! This time Gurgen Sarkisyan briefly covered technicalities of improving Product Funnel With Push Notifications https://lnkd.in/evfrdMUx #funnel #product #activation #userengagement #mobile #userfunnel

3

#fundingalert 💼Company: Exactly.ai 💰Funding: €4 Million ⚡Round: Seed 👥Investors: In addition to other foreign angel investors and funds, the investment round was led by Speedinvest and backed by InReach Ventures, Cornerstone VC, and GuruDev Capital. Exactly.ai was founded in 2022 by Tonia Samsonova, a former journalist who became a prosperous businesswoman after selling her Q&A platform, The Question, for eight figures to Yandex, one of Google's main rivals worldwide. With this funding, exactly.ai will be able to grow its workforce, advance the development of its innovative technology, and reach a wider global audience of creative professionals and artists. Julian Blessin, Amanda Jones Floyd, Antonina Alekseeva, Tim Cherny, Nikita Balabin Read more - https://lnkd.in/gJAuNA8R To share your startup story write us on - contact@startuprise.co.uk #Exactlyai #worldwide #businesswoman #innovative #technology #funding #fundingnews #news #startup #startupnews #startuprise

13

Startup Grind Annual AI & Fundraising Summit 26/09/2024 Drew Glover of Fiat Ventures sees the next stage of development for venture capital progressing as follows: FACTOR 1- ACCELERATED GROWTH: the fast track to product or service development FACTOR 2- STRATEGIC PARTNERSHIPS: #VCs evolve from financiers to scaling partners

1

Decode everything about VC funding—such as fund size, management fees, follow-on investments, and portfolio strategy. With this insight, entrepreneurs can target the right VCs and position their startups for long-term success. Know This

2

Healthify (formerly HealthifyMe App), the AI-powered health and fitness app, has raised $45 million in a funding round led by Khosla Ventures , LeapFrog Investments , and new investor Claypond Capital. This investment accelerates Healthify’s global expansion, with a strong focus on the US market, where they plan to bring personalized AI-based health coaching. CEO Tushar Vashisht shared excitement about scaling Healthify’s AI and human-coaching model, which has delivered notable weight-loss outcomes in India. The company has achieved operational profitability domestically and is set to become EBITDA-positive by year-end. Healthify also aims to enhance its B2B strategy, partnering with wellness, insurance, and diagnostics sectors to drive impactful health outcomes. #HealthTech #AI #GlobalExpansion #Healthify #FitnessTech #USLaunch #WellnessTech

4

Startups leave digital footprint on the internet. Even before you start thinking about fundraising, parsers of startup databases (Crunchbase, PitchBook, CBInsight.com, Tracxn, Dealroom.co, etc.), as well as VCs, will find your startup and add it to their CRMs. That is why I recommend keeping up-to-date information about your team and your startup on LinkedIn. This will allow you to receive incoming calls from investors. You can also use the digital footprint to gather more information about your competitors. Today, I want to share my article on how VCs use data. I hope the information will be useful. https://lnkd.in/dsP9ky-K

1