#funding-round

#funding-round

Arcadia, the climate technology company, has received new funding for its energy data platform.Learn how it plans to scale green energy here.Image: VectorMine/Adobe Stock

The energy sector has long been notorious for crimes against climate, but with new tech companies entering the scene and offering green data initiatives, this reality is quickly improving.

Today (June 13th, 2023) Novatiq, the telco-verified digital identity platform, announced it has concluded a funding round of £11m, including a £2.6minvestment from Intent HQ, the privacy-first AI customer analytics and personalisation platform.The two companies are forming a strategic partnership to transform how brands, publishers, and ad tech intermediaries activate advertising campaigns, based on first-party customer intelligence from telco operators.

In today's ExchangeWire news digest: Shopify will cut 20% of its headcount and sell its logistics business; PubMatic launches a DSP-less media buying solution; and Meta close Facebook Online Paid Events.Shopify sheds staff, sells logistics business
Shopify will lay off around 20% of its workforce and sell its logistics unit to Flexport.

LightBox TV, the ad tech company that's solving fragmentation within the CTV sector, has today (November 22nd, 2022) announced it has secured £1 million in a joint funding round led by UK-based FirstPartyCapital and US-based AperiamVentures.Founded in London at the start of 2021 by two veterans of the ad tech industry, LightBox TV is the first independent management solution for media buyers to effectively plan, manage, and analyse advertising campaigns across the complex TV media landscape.

Commerce data platform Klover raised $25 million in Series B funding and changed its parent company name to Attain.The company's Klover app - which offers discounts and financial services in exchange for user data - will retain the Klover branding.The name change will only apply to the parent company and its data platform.

Oracle Corp., the software giant known for its database technology, is joining the chorus of enterprise cloud vendors betting big on generative AI services.On Monday, the company revealed that it was developing a new cloud service with Cohere, a Toronto-based startup that specializes in building and training large language models (LLMs).

Bitcoin mining startup Cormint Data Systems raised $30 million in a Series A funding round co-led by its president to build a data center with 2.4 exahash/second (EH/s) of computing power in Fort Stockton, Texas.The round was led by Cormint President Jamie McAvity and semiconductor firm Silicon Laboratories (SLAB) Chairman Nav Sooch.

ZkLink, an infrastructure layer that makes it easier to trade assets across blockchains, raised $10 million in a strategic funding round from a lineup of investors that included the venture capital arm of crypto exchange Coinbase (COIN).The fundraise will help drive zkLink towards its mainnet launch in the third quarter.

Cryptocurrency storage provider Zodia Custody has raised $36 million in funding from Japanese financial services firm SBI Holdings and SC Ventures, the venture arm of Zodia's parent company Standard Chartered.Zodia Custody, which provides digital asset custody services to institutional clients, will use the funding to increase its token coverage and enhance its settlement product, Interchange, which protects clients' assets that are traded on exchanges, it said in an emailed statement.

Ledger has raised most of a €100 million ($109 million) funding round at a €1.3 billion ($1.4 billion) valuation, the company told Bloomberg.Media outlets first reported on a potential new capital raise last August.The collapse of centralized crypto exchange FTX and recent U.S. regulatory actions against competitor Binance have made many digital asset owners wary of leaving their tokens in the hands of others.

Blockchain firm Radix Tokens has raised $10 million in fresh funding ahead of the introduction of its Babylon mainnet, which will allow smart contract capability on the Radix network for the first time.The funding round was led by market maker and investment firm DWF Labs and gives Radix Tokens a valuation of $400 million, the Jersey-based firm said in email on Thursday.

Leading property data and analytics company has acquired , a digital mortgage technology provider."By integrating Roostify's digital mortgage technology platform with CoreLogic's robust data, analytics and workflow solutions, clients will gain critical information about borrowers and properties at the beginning of the loan process, saving both time and money," CoreLogic said in a statement on Wednesday.

Optus opposed privacy law changes Australian telco Optus have repeatedly opposed proposed changes to the federal Privacy Act, claiming that implementing a system to give consumers the right to request the removal and deletion of their personal data would face "significant hurdles".On a more positive note for the Australian market, Sydney-based gaming marketing and gametech provider Livewire has raised AUD$4.7mIn the company's submissions to the review of the Privacy Act in 2020, it argued that allowing customers the right to erase their personal data would involve significant "technical hurdles", while executives also argued at the time that allowing consumers to take direct legal actions over privacy breaches could leave to "frivolous" claims.

The generative AI legal tech startup Harvey has raised $21 million in a Series A funding round led by Sequoia Capital.When I first wrote about Harvey in November, the previously stealth startup had just emerged with news that it had raised $5 million in funding led by the startup fund of OpenAI, the company that is the developer of the GPT AI technology.

Character.AI, a 16-month-old start-up that builds online chatbots, said it had raised $150 million in a recent funding round that valued the company at $1 billion.Character.AI is among a tiny group of small companies along with the tech industry's giants that are building technology that could one day rival the systems under development at OpenAI, the San Francisco start-up that incited the A.I. boom with the release of an online chatbot called ChatGPT.

Oligo Security, an Israeli startup building technology to detect and mitigate open source code vulnerabilities, has raised $28 million in early stage venture capital funding.The $28 million financing, split over seed and Series A rounds, included investments from Lightspeed Venture Partners, Ballistic Ventures and TLV Partners.

A new €15 million fund has launched to help quantum technology research in the Netherlands transform into venture capital-investable startups.Backed by Quantum Delta NL (QDNL), a foundation that seeks to boost and scale the Dutch quantum ecosystem, the so-called QDNL Participations fund has a twofold focus: early-stage startups in the sector and research teams working on promising quantum technologies before they incorporate as startups.

Even before the pandemic, interest in skincare was on the rise.Multiple years of holding up the equivalent of a digital mirror through Zoom calls, staring at ourselves incessantly, has led us to pay more attention to our appearance.The result - many are accessing professional skin care services for the first time and for others this has reinforced the importance of their skincare regimens.

Sam Bankman-Fried is racing to raise as much as $8bn to save his crypto empire as more of his former backers write down their investments in the FTX exchange.The 30-year-old conceded on Twitter on Thursday that the FTX trading venue has an insufficient store of readily accessible funds to meet client demands.

Three of San Jose's largest school districts received a total of more than $155 million in federal funding to tackle COVID-19.Those dollars have served as a lifeline to schools throughout the pandemic and since, but after 2024 that well of money will dry up.The federal funds have been allocated in three rounds throughout Santa Clara County school districts.

One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., has raised $10 million in a funding round led by the South Korean gaming company Krafton.The Gurugram-based startup is building an Amazon-like platform to help brands quickly find relevant influencers for their marketing campaigns.

Wholesale marketplace Faire has more than doubled its footprint over the last year, with 600,000 stores and 85,000 brands now represented on its platform.Founded by a group of former Square employees in 2016, Faire brings modern e-commerce tools to traditional wholesale buying, helping independent stores and indie brands compete with Amazon.

Marketers know BeReal has captured an audience.Just "be present" is the key message behind the photo-sharing app's prompts for its users to share what they're doing in that moment.You'll see a room full of hands - holding their phones - raise.But marketers are steering clear of the app - at least for now - six advertisers told Digiday, until the platform opens up an opportunity to advertise.

Metomic, a British startup selling tools to automate data security tasks across cloud applications, has secured $20 million in Series A funding.The London-based company said the $20 million financing was led by Evolution Equity Partners.Venture capital firms Resonance and Connect Ventures also joined as investors.

Forward Networks, a company that specializes in security and reliability solutions for large enterprise networks, has raised $50 million in a Series D funding round.The funding round, which brings the total invested in the company to more than $110 million, was led by MSD Partners, with participation from Section 32, Omega Venture Partners, Goldman Sachs Asset Management, Threshold Ventures, A. Capital and Andreessen Horowitz.

The Portland Clean Energy Fund distributed $107 million in green energy project grants in 2022.The Portland Clean Energy Fund (PCEF) distributed its second round of grant funding in 2022, doling out $107 million to 65 projects slated to reduce carbon emissions, expand the green energy workforce, and lower Portlanders' utility bills.

PepTalk said the funding will be used to grow its team by 12 and double its revenue next year.Workplace wellness software start-up PepTalk has raised €3m to grow its team and expand to the US.The funding round was led by Venture Wave Capital, which invested through its €100m Impact Ireland Fund, Business Post reports.

Plant-based meal replacement business Huel has secured 24 million US dollars (20 million) to fuel its growth plans from investors including film star Idris Elba.The actor and his wife Sabrina Dhowre Elba have injected cash into the business alongside Jonathan Ross and Tala activewear boss Grace Beverley.

Crypto firm Matrixport Technologies is reportedly seeking $100 million in funding, according to people familiar with the matter.Sources detailed that the company already secured commitments from investors for roughly $50 million, which would give Matrixport a post-valuation of $1.5 billion.Matrixport Looks to Raise $100 Million From Strategic Investors The digital asset firm and crypto lender Matrixport is targeting $100 million from strategic investors, according to a story first reported by Bloomberg.

Moneyfellows, an Egyptian fintech startup specializing in digitizing money circles, recently announced the close of its Series B funding round that raised $31 million.The funds will be used to finance Moneyfellows' expansion into other markets as well as accelerate the fintech's growth.Diversifying Moneyfellows' Portfolio Egyptian fintech startup Moneyfellows recently revealed it had raised $31 million from its Series B funding round which was led by Commerz Ventures, Middle East Venture Partners (MEVP), and Arzan Venture Capital.

The Stack brings all the news, latest events and much more to your inbox every Friday; you'll find podcasts, long reads, opinion and industry insight, as well as a weekly dose of tech trivia.In APAC, Southeast Asian super app Grab announced plans to turn a profit for the first time in 2024, whilst LINE MAN Wongnai became Thailand's biggest tech firm and Sydney-based Livewire raised AUD$4.7m in a Series A funding round.PressBox Digest Seedtag Survey: 76% of UK Consumers Willing to Consume Ads in Exchange for Free Content Teads APAC & IMPACT+ Partner in Measuring the Carbon Footprint of Online Advertising ID5 Hosts First London Event in Almost Three years: Secure Your Seat Now Subscribe for much more... Looking for the results of this week's Industry Issue, or a new batch of tech teasers?