Series Insight Entreacute Capital 50m Wiggersventurebeat
Paul Sawers has joined the tech news site VentureBeat. He has previously served as a co-founder and CTO at Trulioo, which recently raised $394 million in a Series D round led by TCV. Tiger Global also co-led a $280 million Series E round with the Abu Dhabi Growth Fund. He also serves on the board of a number of companies, including the cloud data company Cloudera.
Trulioo raises $394 million Series D led by TCV
The global identity verification service Trulioo has raised $394 million in a Series D funding round led by Tiger Global Sawers Ventures (TCV). The round was also joined by existing investors Amex Ventures, Citi Ventures, Blumberg Capital, and Mouro Capital. The company will use the funds to expand its operations.
Trulioo provides an identity and document verification service. The new funding will help it grow its customer base and make it easier for businesses to find people who can verify their identities. Currently, the company is valued at $1.75 billion. The investment comes just a few months after it raised $85 million in Series A funding from Tiger Global Sawers. In addition to attracting new investors, Trulioo also acquired two companies that offer specialized services.
Nylas raises $120 million Series C led by Tiger Global
New funding for the cloud-based email platform will allow the company to expand its APIs and focus on artificial intelligence and automation. The company’s platform helps developers connect productivity tools with code for increased automation. It claims to have thousands of developers and handle 1.2 billion API requests daily. The company has been growing fast and has doubled its headcount over the past year. The company plans to leverage the funds to expand into new markets and expand its capabilities in natural language processing, sentiment analysis, and automation.
The round was led by Tiger Global Management and included existing investors Slack Fund, Blue Owl Capital, and Formation 8. It was also participated in by Stripe co-founders Patrick Collison and John Collison. The round brought the company’s total funding to $175 million. PitchBook states the company is valued at $75 million, but Nylas executives did not disclose the valuation.
Nylas addresses a common problem for organizations: managing email. Its API works with the major email providers via the IMAP protocol, allowing users to integrate it with their work. With increased user adoption, Nylas has expanded its functionality and built an API for scheduling and calendaring. It also offers neural APIs to help developers build productivity automation and sentiment analysis tools. Additionally, it has streamlined the security review process for applications using the Google OAuth security protocol.
The startup provides a platform that lets developers integrate email and calendar integration with their apps. With the money, Nylas can continue to expand and improve its platform. It also has plans to expand into the enterprise market. The company’s mission is to make developers’ lives easier. Its team of software developers helps developers connect with users and other data to build better apps.
Tiger Global co-led a $280 million Series E financing round with Abu Dhabi Growth Fund
Tiger Global co-led a $280M Series E round with Abu Dhabi Growth Fund in March. The round included investment in a variety of tech startups. One of these, Sghartoon, developed software to help identify learning disabilities in children. The company also secured US$150,000 from Oman Investment Fund. In addition, Trella, an Egyptian B2B trucking platform, secured US$6 million in debt financing. The money will be used to expand the company’s core products. Another investment came in the form of a controlling stake in Huobi Global, a cryptocurrency exchange in the Seychelles careerpioneer.
Other investments in recent weeks include investments in several African fintech startups. Tanzania-based Fido has raised US$30 million from Fortissimo Capital and Africa-focused Venture Capital. The startup plans to use the funds to build new products and expand its presence across the continent.
Other recent investments include Hed Kovetz Ventures and Insight Partners. The company expects to double its revenue in 2021 and experience nine-fold growth in 2022 and 2023. While it does not disclose its customers, it does say that some of them include Fortune 500 companies.
In addition to these investments, Tiger Global also co-led a US$10 million Series A equity round with Insight Partners and Abu Dhabi Growth Fund. The worldnewsfact funding will be used to expand the company’s product offering and develop new finance management features. This round also included Global Founders Capital and Plug and Play.
A number of new fintech startups were also boosted with new funding rounds. A number of Ugandan startups, including Tripesa, raised an undisclosed sum of US$1.5 million. They were supported by several angel investors in the pre-seed stage, and this latest round will help them expand their reach in the region. Another recent Fintech startup, TeamApt, has secured an undisclosed sum from QED Investors. The startup operates a banking and business payments platform.
In the last year, Deci has begun to record travelnowworld sales and built a strong managerial team. Its executives hail from Google, Israeli’s Trax and the elite 8200 unit of the Israeli military. The company currently employs 47 people, but expects to double its workforce within a year. The startup has previously raised $21 million from Insight Partners and Accel.
In a second round, Tiger Global co-led a $280 Million Series E financing round with Abu Dhabi Growth Fund. The money will be used to expand the business and attract more retail partners across the MEA region.
Tiger Global Seekers Venturebeat Series A Funding Round
Tiger Global has led a series of funding rounds that have helped startups grow to unicorn status. The company recently led a $34 million Series A for logistics travellworldnow startup Hive, which is based in Berlin. Another recent investment was in email startup Superhuman, which raised a $75 million Series D round. Founder and CEO Rahul Vohra spoke with Tiger Global partner John Curtius.
Tiger Global Ventures – Series A
Tiger Global has made a number of notable investments in recent years, including five investments that were valued at over $1 billion. These include Flutterwave, FairMoney, Mono, Union54, and Float. These companies are poised to become big players in the field.