HappyFresh, the on-demand grocery app based in Indonesia, announced today it has raised a $65 million Series D. The round was led by Naver Financial Corporation and Gafina B.V., with participation from STIC, LB and Mirae Asset Indonesia and Singapore. It also included returning investors Mirae-Asset Naver Asia Growth Fund and Z Venture Capital. The […]
South African payments startup Yoco raises $83M Series C backed by Dragoneer
Despite South Africa’s high card and mobile penetration rates of over 70%, the country’s SMEs still struggle to accept cards. Yoco’s portable card machines proved masterful in solving this problem.
Element, a messaging app built on the decentralized Matrix protocol, raises $30M
After Element acquired Gitter last year to bring in more users and features into its own decentralized, Matrix-based messaging app, the startup is announcing some funding to invest in its growth. Element has picked up $30 million in a Series B round of funding. Some of the funding will be used to expand its technology […]
German startup Aleph Alpha raises $27M Series A round to build ‘Europe’s OpenAI’
With Microsoft now being an investor in OpenAI the field now more open for new insurgents into the open-source AI arena. Now a German company hopes to take on the next AI mantle and produce something akin to the success of the GPT-3 AI model. German AI startup Aleph Alpha has now raised €23 million […]
Peppy, a B2B health platform for menopause, fertility, raises $10M Series A led by Felix Capital
When it comes to health issues like menopause, fertility, pregnancy, and even early parenthood, the data tells us that people typically turn to search engines and social media for advice to ask about symptoms or concerns they have. They tend not to go to a medical practitioner, in the first instance. The suggestion, therefore, is […]
ActiveFence comes out of the shadows with $100M in funding and tech that detects online harm, now valued at $500M+
Online abuse, disinformation, fraud and other malicious content is growing and getting more complex to track. Today, a startup called ActiveFence, which has quietly built a tech platform to suss out threats as they are being formed and planned, to make it easier for trust and safety teams to combat them on platforms, is coming […]
Moovit integrates Lime electric scooters, bikes, mopeds into transit planning app
As of next week, Lime’s vehicles will be included as a travel option in tandem with public transit for either all or part of a multimodal journey on the Israeli app.
Freightify lands $2.5M to make rate management easier for freight forwarders
Freight forwarders often keep track of rates on spreadsheets they email to customers, but the pandemic has made that difficult because prices are constantly fluctuating. Freightify, a startup that refers to itself as the “Shopify for maritime freight,” provides white-label rate management and e-booking tools that freight forwarders can use to set up online stores, […]
Nium crosses $1B valuation with $200M Riverwood Capital-led round
Nium’s new round adds fuel to a fire shared by a number of companies all going after a global B2B payments market valued at $120 trillion annually.
Tesla’s solar and energy storage business rakes in $810M, finally exceeds cost of revenue
Small as it is, the division is selling more energy storage and solar. Revenue from this division grew 62% from the previous quarter and more than 116% from the same quarter in 2020.