Drip Capital Capitalizes USD 113Mn In Latest Funding To Trigger Expansion

Drip Capital, a leading digital platform for trade finance, has secured $113 million in new funding. This includes $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing, led by the International Finance Corporation (IFC) and East West Bank.

Drip Capital, a leading digital platform for trade finance, has recently secured $113 million in latest funding. This comprises $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing, powered by the International Finance Corporation (IFC) and East West Bank. According to Industry sources, Drip has witnessed remarkable expansion, […]

Pack Ventures Collaborates with the University of Washington to Boost Innovation

Ken Horenstein-Founder-and-General-Partner-of-Pack-Ventures-Photo-Business-Wire

Pack Ventures, an independently run venture capital fund, is collaborating with the University of Washington (UW) to boost innovation and support entrepreneurial ventures emerging from the university. This collaboration provides opportunities for Husky alumni to invest in promising startups and will help bolster the UW’s entrepreneurial ecosystem. The collaboration between the UW and Pack Ventures […]

HydroX AI secures new funding for LLM safety and security innovation

HydroX AI, an artificial intelligence (AI) startup with the industry’s first comprehensive all-in-one large language model (LLM) safety and security platform, recently announced closing a USD 4 million angel round from Vitalbridge Capital, Atom Capital and noted AI expert, Qi Lu, EVP of Microsoft, former COO of Baidu. The funding will provide the means for HydroX AI […]

Sigma secures USD 200Mln in series D funding

Sigma Raises $200 Million in Series D Funding

Sigma, the first and only cloud analytics solution built natively for cloud scale, announced further evidence it is the market growth leader in cloud data analytics and the go-to application and workflow platform for cloud data apps. The company announced it has raised $200M in Series D financing to continue transforming BI through its innovations in AI […]

Northwell Launches USD 500Mln initiative to expand pediatric mental health services

Cohen Children’s Medical Center

As the number of children and adolescents in need of mental health support continues to increase at alarming rates, Northwell Health is investing $350 million over the next five years and launching a $150 million fundraising campaign to expand pediatric behavioral health services across its footprint including creating a new model of care and building […]

Travelshift raises USD 10 Million capital from existing shareholders

map-world-with-money-magnifying-glass (Image by Freepik)

Travelshift, the leading online travel agency (OTA) in Iceland has raised $10 million USD of capital from existing shareholders, raising the total funding amount to $30 million USD. The financing represents a vote of confidence from Travelshift’s current investors in the company’s growth trajectory and future potential. According to Harshal Chaudhari, President, and Chief Investment […]

REYL Intesa Sanpaolo acquires Carnegie Fund Services

Alexandre Pini, CEO at Carnegie

REYL Intesa Sanpaolo (“REYL”) announced the acquisition of Carnegie Fund Services SA (“Carnegie”), one of Switzerland’s leading Swiss Fund Representatives. Founded in 2003, Carnegie services clients encompassing fund management companies, boutique firms and large global asset management groups based in Europe, North America, Asia, and Australia. Today, it acts as a Swiss representative for over 100 global investment managers and over […]

Lending SaaS firm ‘Cloudbankin’ raises USD400K funding from Angel Investors

Cloudbankin, a complete end-to-end digital lending software company headquartered in Chennai, Tamil Nadu, today announced it has successfully raised $400K in funding from Angel investors, Upekkha, SaaS accelerator and fund, and Kube VC – a global venture capital firm. Prominent Fintech angel investors including Mr. Ramanathan RV, CEO at Hyperface, Mr. Mohan Karuppiah, CEO at […]

Carbon Growth Partners to raise USD 20Mln for carbon credits fund

Performance since fund inception

Carbon market investor Carbon Growth Partners (CGP) has reopened its Carbon Growth Fund, seeking to raise US$200 million by mid-2024 including an initial US$20 million before the end of June 2023. The fund targets a 20% annual return by investing in a diversified portfolio of carbon credits and carbon offset projects. The capital raise comes […]

Challenges Start-Ups Face in Raising Funds for Survival And Success

A few centuries ago, very few people longed to start a new business. In many parts of the globe, the business community was tightly knit and was run only by families. Cut to the present: since the start of the internet and digital boom, a large number of educated and talented professionals are interested in […]