Category Archive : Series B


Show, don’t tell: Tips for robotics startups raising a Series B during a downturn – TechCrunch

Elevating a Collection B for any startup is difficult proper now, with many VCs pulling again on investments — funding for Collection B rounds throughout all sectors fell 55% in August As in contrast with a yr earlier, For event.

However raising a Collection B for a hardware startup Might be even extra sturdy. It has merely On A daily basis been Harder to get enterprise buyers to fund a roboticics enterprise As in contrast with a Computer software-solely enterprise, given roboticics’ extreme capital requirements and the greater hazard.

However, the climb uphill can get a lot simpler if a roboticics startup can currentcase a strong enterprise mannequin, measurable metrics and a plan for The subsequent 18 months. As an investor in AI and automation corporations for over 20 yrs, I’ve agained dozens of roboticics corporations, And that i proceed to be bullish on the space.

You should current that buyers are deriving exact worth Out of your robotics — saving time, money or each.

Listed right here are a quantity of strategies founders can use To rearrange their roboticics corporations for a worthwhile Collection B.

Show how your robotic works

Robots are inright herently seen (can anyone overlook that video of Boston Dynamics robotics dancing?) So Everytime you pitch VCs In your automation agency, it pays to show your robotics in movement.

In case your robotics are huge installations in warehouses or on manufacturing strains, invite VCs To return to see them working. In the event that they’re Sufficiently small To maneuver, convey them with you to the pitch meeting. And On A daily basis have extreme-extreme quality video out tright here to share on A Laptop Pc or capsule all by way of in-particular person pitches or on-line for digital conferences. Seeing your product in movement is essential to getting buyers Eager about it.

Show buyer ROI



Bitcoin Payments Company Strike Raises $80 Million $80 Million Series B Round – Decrypt

Bitcoin funds agency Strike has raised $80 million in a Collection B funding spherical. 

Enterprise capital agency Ten31, which focmakes use of on Bitcoin corporations, led the spherical however Washington College in St. Louis, and the College of Wyoming, additionally took half, in accordance to a Tuesday announcement. 

The money Shall be used to develop Stike’s halfnerships with retailers. 

Strike makes use of the Lightning Community, An reply that works To hurry up Bitcoin transactions so the cryptocurrency Might be utilized to make on A daily basis purchases. 

“Every agency that’s Inside the enterprise of shifting money is Considering about superior funds, and we’re in talks with Lots of them,” Strike founder and CEO Jack Mallers said in A press launch. 

Strike added that it plans to launch new professionalduct strains with the funding For mannequin spanking new Kinds of consumers, Similar to huge monetary institutions and companies.

Primary e-commerce corporations like Blackhawk, NCR, and Shopify have constructed-in Strike’s app. 

Strike made headstrains when it turned El Salvador’s halfner for its Bitcoin professionalject. El Salvador final yr turned The main nation On the earth To acknowledge Bitcoin as authorized tender. 

Strike helped set up infrastructure for Salvadorans to spend their cryptocurrency by making a Bitcoin pockets out there Inside the nation. Mallers was a cheerleader for El Salvador’s Bitcoin Regulation

The thought, in accordance to Mallers, was that Salvadorans would use Bitcoin and the Lightning Community for issues like remittance funds and reduce prices. 

But many Salvadorans have sprimeped using Bitcoin or by no means actually used it Inside The main place, in accordance To various reviews—regardless of The federal authorities releasing its personal pockets for residents and giving them free cryptocurrency.

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Rivus raises $132M series B as obesity, NASH prospects for metabolic drug heat up – FierceBiotech

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Rivus raises $132M series B as obesity, NASH prospects for metabolic drug heat up – FierceBiotech

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Evinced Raises $38M in Series B Funding – FinSMEs

Evinced, a Palo Alto, Calif.-based mostly Computer software agency powering accessible internet and mobile enchancment, raised $38m in Collection B funding spherical.

The spherical, which launched The complete raised So far to $57m, was led by Perception Companions with participation from current buyers M12, BGV, Capital One Ventures, and Engineering Capital.

The agency intends To make the most of the funds for the continued enlargement of its mobile choices.

Led by CEO Navin Thadani, Evinced provides a Computer software platform for integrating accessibility into internet and mobile enchancment On The Most very important, most accessibility-dedicated corporations. Its suite of devices allow builders and accessibility professionals to mechanically discover, cluster, and monitor accessibility factors, scale again reliance on guide processes, reduce hazard, and velocity up their time to market.

Since launch in 2021, its internet and mobile accessibility options have been constructed-in into the enterprise enchancment Method of A quantity of forward-considering enterprises, collectively with:

  • 4 of the nation’s 10 largest monetary institutions
  • Two of the nation’s three largest B2B SaaS corporations
  • Definitely one of many nation’s 5 largest healthcare corporations

The agency is headquartered in California, with workplaces throughout the US, Europe, and Israel.





Buybacks of series B shares in AB Electrolux during week 22, 2022 – PR Newswire UK

STOCKHOLM, June 7, 2022 /PRNewswire/ — By way of the interval Might 30 – June 3, 2022 AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in complete 278,374 personal collection B shares (ISIN: SE0016589188) as An factor of the buyagain program initiated by the Board of Directors So as to optimize The agency’s capital construction.

The share buyagains type An factor of the buyagain program of a most of 8,000,000 collection B shares for An complete most quantity of SEK 1,250 million, which AB Electrolux introduced on April 29, 2022. The buyagain program, which runs between Might 2, 2022 – October 21, 2022, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Fee Delegated Regulation 2016/1052 (the “Protected Harbour Regulation”). The goal of the share buyagains is to optimize The agency’s capital construction and the intention is To Scale again Electrolux share capital through subsequent share cancellations.

Series B shares in AB Electrolux have been repurchased (in SEK) as follows:





Aggregated Daily quantity (Quantity of shares)


Weighted common share worth per day (SEK)


Total Daily transaction worth (SEK)















































All acquisitions have been carried out on Nasdaq Stockholm by Citigroup Worldwide Markets Europe AG on behalf of AB Electrolux. Following the above acquisitions, AB Electrolux holding of personal shares as of June 3, 2022 quantitys To six,899,989 collection B shares. The complete Quantity of shares in AB Electrolux quantitys to 283,077,393.

A full breakdpersonal of the transactions pursuant to article 5.3 of MAR and article 2.3 of the Protected Harbour Regulation is hooked up to this announcement.


For further intypeation, please contact:

Sophie Arnius, Investor Relations, +46 70 590 80 72

Rupini Bergström, Electrolux Press Hotline, +46 8 657 65 07

This intypeation was Delivered to you by Cision through-week-22–2022,c3580993

The subsequent information Can be found for acquire:

Supply Electrolux



Funding Rundown: Physics Wallah turns unicorn, FlexiLoans raises $90 million Series B funding, Anicut Capital – CNBCTV18

Physics Wallah enters unicorn membership after elevating $100 million maiden funding

Bootstrapped education enterprise Physics Wallah has entered the unicorn membership after elevating $100 million in its maiden funding spherical which was led by WestBridge Capital and GSV Ventures. The agency said thOn the Collection A funding has pushed its valuation to $1.1 billion now.

The edtech startup intends To make the most of the funds for enterprise enlargement, branding, opening extra offline studying centres, and introducing extra course choices, it said in A press launch.

“This latest enhancement will assist us further our imaginative and prescient and implement new initiatives To reinforce The teaching journeys Of scholars, thereby enabling them To Obtain new heights Inside their careers. Our dedication reprimarys ‘every greenback spent in PW is for the greater good of learners,” said Alakh Pandey, founder, and CEO of PW.

MSME lending platform FlexiLoans raises $90 million Collection B funding

MSME-focused fintech lending agency has raised $90 million in its Collection B funding spherical led by marquee buyers like Denmark-based mostly private equity agency MAJ Make fundings, UK-based mostly intact investor Fasanara Capital, the househprevious workplaces of Dr Harry Banga and Yogesh Mahansaria.

The deal marks Fasanara Capital’s first SME fintech funding in India and MAJ Make fundings’s third funding this yr. Current sharehpreviousers collectively with veteran banker Sanjay Nayar furtherly participated Inside the spherical.

FlexiLoans said the spherical will assist its Think about know-how enhancement and Greater than double its MSME e-book by way of its co-lending, buy-now-pay-later, And present chain finance platforms.

The agency presents loans to small companies and has disbursed over Rs 1,700 crore to MSMEs throughout India by way of digital originations. It now plans to problem loans upto Rs 2,000 crore Inside The subsequent 12 months.

Anicut Capital raises Rs 110 crore to Pay money for startups

Make fundingsment administration agency Anicut Capital has raised Rs 110 crore To accumulate equity stakes in startups throughout sectors. That is the primary shut for the Rs 500-crore Anicut Alternatives Fund I. The fund Shall be deployed to take stakes in As a lot as 15 progress stage corporations, as per A press launch.

There is a Rs 250-crore greenshoe selection as properly for the newly started fund, it said with out disclosing particulars of Rs 110 crore dedications. The agency furtherly introduced the aplevelment of Dhruv Kapoor as a companion who Shall be In cost of driving progress by way of equity fundings.

The ten-yr-previous agency, which takes each enterprise debt and equity bets and has a portfolio of 72 startups, said the newly raised money Shall be deployed in each its existing investee corporations and new ones. Its previous fundings embrace corporations like Aptus, Fivestar, Box8, Bira, Lendingkart, Wow! Momo, and Loginext.

Fintech startup ARTH will get $2.5 million from DEG and completely differents

ARTH, a micro MSME fintech platform, has raised $2.5 million in a funding spherical led by DEG, MIT alumni, and US and Canadian angel buyers. The current capital Shall be used to increase the suite Of monetary providers being provided to finally be a single-level platform for micro MSMEs.

It is going to Even be used for strengthening the technical capabilities and constructing strong hazard administration methods To fulfill The measurement requirements, the agency said.

The agency claims to have already facilitated 3,50,000 credit rating and insurance coverage throughout India, out of whom are new to formal credit rating. It now plans to scale to 1 million nano and micro-enterprise house owners by way of its phydigital mannequin.

Kalaari Capital invests $800K in, an AI-powered SaaS video content material dubbing and creation platform has raised $800,0000 in a seed funding spherical led by Kalaari Capital.

“With over 100 million creators in India and 350 million+ consumers watching content material, There is A strong want for content material to be multilingual. Dubverse is constructing a know-how platform That permits content material to be created as quickly as and dubbed into completely different languages in A quick, straightforward And worth-environment nice method,” said Vamshi Reddy, Partner, Kalaari Capital.

The agency plans To make the most of the funds to assemble a inventive system and has chosen creator angels like Supriya Paul of Josh Talks, Jasminder Singh Gulati Ex-Founding father of Now Floats and Sairee Chahal, Founding father of Sheroes and completely differents, who produce A lot Of supplies, in India’s vernacular market As properly as to internationwidely, A press launch said.

Meals upcycling startup Wastelink raises Rs 10 crore in seed spherical

Wastelink, a food upcycling startup has secured Rs 10 crore in a seed funding spherical led by Matterhorn Tasks, Indigram Labs Basis, Sanjiv Rangrass, and completely different angel buyers.

Wastelink is incubated On the Indigram Labs Basis. The capital raised Shall be used to increase Wastelink’s footprint throughout India and scale up its vitamin science and food waste supplier platform performance, the agency said.

“The capital will immensely revenue us as we chart our journey in the direction of nationwide enlargement. We aspire to make a significant assembleive influence on society by upcycling 1 Million Metric Tons of food waste within 2-3 yrs,” said Saket Dave, CEO, Wastelink.

EduGorilla secures Rs 16.5 crore funding from SucSEED Indovation Fund

Edrech startup EduGorilla has raised Rs 16.5 Crores in a current funding spherical led by SucSEED Indovation Fund. It furtherly noticed participation from Lead Angels Fund, Mumbai Angels, TiE India, VG Angels, WeFounderCircle, and Ah Ventures.

Angel buyers collectively with Ambrish Jain (ex-COO of Vodafone); Vivek Chachra (Director Gross sales of Harvard Industry Publication), Vineet Singh (Director- Toddler Nutrition at Nestle), Rohit Sathe (VP Philips) furtherly participated Inside the funding spherical.

The current capital Shall be Utilized by the startup for the enlargement of content material in 9 vernacular languages by April 2023, hone its AI and ML-based mostly platform To enhance the success price of its scholars from 14x to 25x, enhance teaching companions from 3,000 To fifteen,000 and launch 200 extra video packages in numerous vernacular languages.

“Over 70% of our scholars hail from rural India, and a majority of them Aren’t properly-versed in English, making it important To Think about vernacular languages as we revery out to a 7.5 crore scholar base in tier 2 & 3 cities and villages.

This funding will assist us convey extreme quality education Inside their most properly-appreciated vernacular language to their doorstep,” said Rohit Manglik, founder, and CEO, EduGorilla. The agency claims to have turned EBITDA assembleive in This fall FY 2021, with its common order worth growing by 8.5 occasions Over the previous 3 yrs.

Mumbai Angels and completely differents invest Rs 4.39 crore in Woolly Farms

Woolly Farms, a shopper-first agricultural ecosystem, has acquired an funding of Rs 4.39 crore from Mumbai Angels Community. The spherical furtherly noticed the participation of Callapina Capital, Malabar Angels Community, and Mentorous Ventures.

The agency said it will use the current capital To assemble its know-how platform with an NFT ecosystem for consumers to Take part in farm assembleions assembleed on Blockchain utilized sciences, and IoT-pushed farms that allow centralized monitoring methods to handle farms at scale, and bolster sales and advertising efforts.

“The funding will permit us to bolster our infrastructure and increase our buyer revery and footprint,” said Bushair, AP, co-founder, and CEO, Woolly Farms.

We Founder Circle To take a place $5 million in Gujarat-based mostly startups over The subsequent 12 months

We Founder Circle (WFC), an early-stage startup funding platform has introduced a dedication To take a place $5 million in Gujarat-based mostly startups over The subsequent 12 months.

As a Outcome of the platform’s inception in 2020, it has attracted 2,000 founders and stpricegic buyers from over 16 nations. The platform accomplished its first yr with 33 fundings worth An complete $20 million.

The angel network claims that with The biggest network of mentorship and steerage, The corporations it has endorsed have expert 25% month-on-month progress on common.



Lebanese delivery app toters raises $18 million Series B round – Wamda

Lebanese supply app toters raises $18 million Collection B spherical 

Dunya Hassanein

• 07 June, 2022

  • Lebanon-based mostly super app toters, has raised $18 million in a Collection B spherical from Worldwide Finance Company (IFC), March Holding and B&Y Ventures, Collectively with an undisclosed group of buyers.
  • The current funding spherical will assist Toters increase its scale of operations in its house market As properly as to Iraq.
  • Based by Tamim Khalfa and Nael Halwani in 2017, Toters supplys a quantity of providers Similar to meals supply, grocery supply, courier providers, and cost and monetary transaction providers by way of a single platform.

Lebanon-based mostly super app toters, which has been operational in Iraq since 2019, has raised $18 million in a Collection B spherical, led by the Worldwide Finance Company (IFC), The event arm of the World Financial institution Group, and March Holding As properly as to returning investor, B&Y Ventures, Collectively with an undisclosed group of buyers.

Based in 2017 by Tamim Khalfa and Nael Halwani, toters started as a meals supply platform earlier than adopting An fantastic app method, supplying a quantity of providers together with grocery supply, courier providers and cost and monetary transaction providers on its platform. 

With the current funding, toters Shall be In a place to velocity up its enlargement in Iraq by onboarding extra restaurant companions and retailers As properly as to couriers.

“toters and completely different logistics platforms can Carry out a key infrastructure layer inside digital economies as a Outcome of they create incomes alternatives for micro-entrepreneurs, That are the couriers, digitise small and medium-sized enterprises, and supply a platform upon which a quantity of digital providers Might be constructed,” said Anissa Kanoun, MEANP regional lead for IFC’s enterprise capital (VC) group.

She provides: “In Indonesia, Gojek started off as a mobility platform. It is Discover your self to be a behemoth super app with A multitude of providers from costs to supply to even laundry and GoJek is A critical driver of the digital financial system in Indonesia. We truly think about that toters have the potential to have An identical influence Within the markets the place they function.”

The supply space in Iraq is turning into More and more extra concentrated. Food supply providers Notably, have seen An monumental uptick currently, a Outcomes of progress in internet peinternetration and rising shopper demand. Earlier in January, meals supply platforms tip-prime and Alsaree3 Group raised $5 million and $3.2 million respectively. A pair of days later, Rocket Interinternet-agained supper app and journey-hailing startup Baly raised $10.5 million.

“Iraq supplys An unimaginable market alternative; it has An monumental inhabitants, principally youth Who’re increasingly tech-savvy. We simply noticed An alternative as toters had been Succesful of obtain success in Lebanon, regardless of the presence Of huge international incumbents. Covid, regardless of its vital devastation, is the catalyst for digitisation, with rising on-line peinternetration, rising consumers And firms doing extra on-line than ever earlier than, we thought this was The biggest time to Pay money for a platform like toters,” Anissa defined.

IFC has additionally invested in A pair of Egypt-based mostly enterprise capital (VC) funds: Algebra and Disruptech, a fintech-focused fund. It additionally led a $25 million Collection A spherical for Egypt’s social commerce startup Briextra’s again in January.



Michael Strahan’s Religion of Sports Raises $50 Million In Series B Funding Round – Black Enterprise

Religion of Sports activities, the sports media agency co-owned by Michael Strahan, Tom Brady, and media entrepreneur Gotham Chopra, has raised $50 million in a Collection B fundelevating spherical.

The award-worthwhile sports media manufacturing agency has raised the funds with the intent to develop new ownable content material IP As properly as to to further scale its creator community wright hereas developing worldwide strategic companionships. Religion Of Sports activities’ funding spherical is led by Shamrock Capital with assist from Elysian Park Ventures and Cerro Capital.

“The possibilities of content material are persevering with to develop at Religion of Sports activities, And that i am proud to have been right here from The start,” Strahan said in a written assertion.

“The group stays dedicated to elevating The regular of non-fiction storytelling in not simply sports However in addition past, and I can’t wait to welcome new codecs, companions, and audiences into our world,” he added. “From athletes to trailblazers, to important societal themes and world occasions, tright here are such unimaginable and emotional tales to be informed and I Look forward to collectively creating and introducing gsphericalbreaking work with this group. Evolution And selection are key, and we’re simply getting started!”

The mannequin new funding for Religion of Sports activities will permit The agency To current extra worth to consumers, collectively with venturing into non-sports territory.

“Religion of Sports activities has developn at a tempo we might have solely dreamed about 5 years in the past,” Brady said. “We now have A pair of of In all probability the most gifted people Inside the enterprise, who share The identical ardour for sports storytelling that has an influence on tradition and audiences Throughout the globe. I am so honored and proud to be An factor of this group who proceeds To Search out methods to push the envelope and rewrite The conventional strategy to thought-scary, significant, and entertaining content material. I Look forward to what The Prolonged time period holds for us at Religion of Sports activities as we proceed to increase our slate and pursue extra collaborative tasks with new companions.”



ImmunOs Therapeutics Raises $74M in Series B Financing – FinSMEs

ImmunOs Therapeutics AG, a Schlieren (Zurich Space), Switzerland-based mostly biopharmaceutical agency leveraging its HLA-based mostly know-how platform to develop first-in-class therapeutics for the remedy of most cancers and autoimmune illnesss, raised $74 million in Collection B financing.

The spherical was led by new buyers Samsara BioCapital, Lightspeed Enterprise Halfners, and Gimv, and joined by new buyers Mission BioCapital, GL Capital, PEAK6 Strategic Capital, and Fiscus Monetary, As properly as to current buyers Pfizer Enterprises, BioMed Halfners, and Schroder Adveq. In Reference to the financing, Shelley Chu, MD, PhD, Halfner at Lightspeed, Marcos Milla, PhD, Enterprise Halfner at Samsara, and Andreas Jurgeit, PhD, Halfner at Gimv, will joInside The agency’s Board of Directors, which presently consists of:

  • Reinhard Ambros, PhD, Chairperson and former Head of the Novartis Enterprise Fund,
  • Daniel Vasella, MD, Vice Chairperson and former Chairperson and CEO of Novartis AG,
  • Markus Hosang, PhD, Widespread Halfner at BioMed Halfners,
  • Michael Baran, PhD, Halfner at Pfizer Enterprises, and
  • Sean R. Smith, CEO of ImmunOs.

The proceeds of the Collection B Shall be used to fund the medical enchancment of ImmunOs’ lead program, IOS-1002 (previously iosH2), by way of Half 2 medical trials and to progress further oncology and autoimmune illness packages Contained in the agency´s HLA-based mostly pipeline in the direction of medical enchancment. IOS-1002 is A primary-in-class, multi-useful agent based mostly on a naturally occurring human leukocyte antigen (HLA) that targets key elements of the innate immune system, collectively with LILRB1 (ILT2), LILRB2 (ILT4), and KIR3DL1, and synergizes with the adaptive immune system, thereby Ensuing in profound anti-tumor exercise. A Half 1 medical trial is deliberate To start out Inside the second half of 2022.

ImmunOs Therapeutics leverages its HLA-based mostly know-how platform to develop first-in-class therapeutics for the remedy of most cancers and autoimmune illnesss. The agency has recognized particular HLA molecules acknowledged to activate the immune system and is using these HLA molecules As a Outcome of the backbone of novel therapies In a place to stimulating each the innate and the adaptive immune methods of most cancers sufferers to get rid of tumor cells. ImmunOs’ lead program is a multi-useful fusion protein that blocks particular LILRB (leukocyte immunoglobulin-like) and KIR (killer cell immunoglobulin-like) receptors and prompts anti-tumor responses. The agency May even be creating antibodies To dam the activation of particular HLA protein molecules Associated to autoimmune illnesss.

Furtherextra, ImmunOs has established a U.S. subsidiary to further increase its worldwide attain, execute future U.S. medical trials, and strengthen its transatlantic operations and group.