Spanish esports organization Vodafone Giants has closed a €3M ($3.3M USD) investment round with businessman as the sole participant. According to Vodafone Giants, the organization has maintained “an exclusively Spanish investment.” Cózar joins existing shareholders Gabriel Saenz de Buruaga, Alejandro Beltran, Luis Ferrandiz, and YouTuber Lolito Fernández. Vodafone Giants will use the funds to continue […]
Shopify rival Ecwid raises $42 million amid ecommerce boom
Ecwid, a Shopify-style ecommerce platform, has raised $42 million in a round of funding after seeing “dramatic growth” due to the COVID-19 crisis. San Diego, California-based Ecwid is a software-as-a-service platform that lets anyone set up their own online stores, and includes tools for creating websites, managing orders and inventory, and accepting payments. It also […]
LoanSnap raises $9 million for AI that matches borrowers with loans and mortgages
LoanSnap, the self-styled “smart loan” company backed by Richard Branson and ex-NFL quarterback Joe Montana, this week secured $9 million. The company says the funding will be used to further develop its products and expand to additional markets. It’s estimated that U.S. consumer credit card debt amounts to $1.04 trillion collectively and that high interest […]
VanMoof raises $13.5 million for electric bikes as cities reclaim roads from cars
VanMoof, a Dutch company that builds and sells a range of electric bikes, has raised €12.5 million ($13.5 million) in a round of funding from Balderton Capital and Sinbon Electronics. The COVID-19 crisis served as a “catalyst” for the investment, according to Balderton, as cities around the world ease lockdown restrictions and consider safer commuting […]
Sleeper raises $20 million to expand into fantasy esports
Sleeper has raised $20 million to expand from its base in fantasy sports to the adjacent market of fantasy esports and video game chat. Andreessen Horowitz led the round, and other investors include Twitch cofounder Kevin Lin, NBA All-Stars Kevin Durant and Baron Davis, and NFL wide receiver JuJu Smith-Schuster. Sleeper CEO Nan Wang said […]
Lilt raises $25 million for AI enterprise translation tools
Lilt, which develops AI-powered business translation software, today announced it raised $25 million. The company says the cash infusion will enable future product development, research into natural language processing, and the acceleration of its go-to-market strategy. Lilt’s solutions target development and deployment challenges around enterprise marketing, support, ecommerce, and localization efforts. According to an IDG […]
DispatchTrack raises $144 million to optimize delivery routes with AI
Logistics startup DispatchTrack today announced it raised $144 million in the company’s first-ever financing round. CEO Satish Natarajan says it’ll be used to support product research and development, as well as business, segment, and geographic expansion. The logistics market is an increasingly attractive investment in light of the novel coronavirus pandemic. With customers either choosing […]
Paradox Raises $40M Series B to Help Companies Embrace the Future of Work with Conversational AI
Led by Brighton Park Capital, the funding will fuel aggressive product innovation, market expansion, and strategic acquisition; technology executive Mike Gregoire to serve as Chairman SCOTTSDALE, Ariz.–(BUSINESS WIRE)–May 11, 2020– Paradox, the conversational AI platform helping HR and talent teams automate administrative tasks and deliver real-time candidate and employee communications, announced today $40M in Series […]
Randori raises $20 million to spot cyberattacks with AI
Cybersecurity startup Randori today announced that it secured $20 million in equity financing, bringing the startup’s total raised to $29.75 million. The infusion of capital comes after a year during which attacks on internet of things devices tripled, and during which the number of malicious payloads on the web hit 24.6 billion — up 14% […]
Adverity raises $30 million to collect, prep, and analyze marketing data
Adverity, a data analytics startup targeting applications in media, marketing, and ecommerce, today announced that it raised $30 million in equity financing, bringing its total raised to $50 million. By accelerating R&D and growth within Adverity’s offices domestic and abroad, the fresh capital could help the company’s customers — among them Ikea, Red Bull, Unilever, […]