Venture Deals for The Month of May

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Small deals (up to $ 15 million)

“It’s become a common belief that companies formed during a recession end up being some of the most successful,” PitchBook analysts wrote in their April report.

Application software

• May 4, 2020. Instabug, a startup from Egypt, raised $ 5 million from Accel and other investors. Instabag helps mobile app developers identify and fix bugs faster by providing real-time crash analytics.

Instabug is used by major companies including Lyft, Samsung, eBay, Verizon, Philips, Hilton and Houseparty. In total, the company has about 25,000 customers. Currently Instabug SDK runs on 2.5 billion devices, it has recorded more than 600 million errors.

Automation tools

• May 4, 2020. A service to automate the Qwilr document creation process raised $ 7.25 million from AirTree Ventures, Skip Capital and other investors. Qwilr helps create interactive materials for without involving designers.

Qwilr integrates with all leading CRM systems, as well as with sales and accounting systems (HubSpot, Salesforce, etc.). The company’s customers are Deloitte, Xero, Dropbox and others.

Collaborative tools

• May 5, 2020. Daily.co raised $ 4.6 million from Slack Fund and other investors. Daily.co provides an API that allows customers to quickly integrate video chats into their product or website.

• May 5, 2020. Canadian startup Tehama announced a $ 10 million investment from OMERS Ventures and others. Tehama’s cloud-based platform helps you create highly reliable virtual offices, rooms and desktops anywhere in minutes. Tehama can work in any web browser and on any device.
Foodtech

• May 6, 2020. The Russian Direct Investment Fund (RDIF) and Bonduelle announced an investment in Elementaree grocery delivery service. The deal amounted to $ 5 million. Other investors, whose names were not disclosed, also took part in the round.

Cybersecurity

• May 7, 2020. Ermetic, a cybersecurity startup, raised $ 10 million from Target Global, Glilot Capital Partners, and Norwest Venture Partners. Ermetic offers companies solutions for protecting data in the cloud. Startup services protect data in Amazon Web Services, Microsoft Azure, and Google Cloud. Ermetic detects suspicious activity and prevents information leakage.

Proptech

• May 7, 2020. Locatee, a Swiss company that analyzes premises, announced the acquisition of $ 4 million in round A from FYRFLY Venture Partners, Tomahawk VC and others.

The Locatee solution helps employers and property owners understand in more detail how space is used. The startup uses existing sensors inside the building, as well as other data sources, such as Wi-Fi networks.

Gaming

• May 8, 2020. Rogue Games, an American publisher of mobile games, raised $ 2 million from Dmitry Grishin and other investors from Runa Capital, Grishin Robotics. The funds received will be used to invest in new platforms and services, as well as to attract gamers.

Rogue Game was launched in Los Angeles in 2017. The main set of company services is to help talented game studios with the development, release, marketing of games and work with gaming communities.

Average deals (from $ 15 million to $ 75 million)

Edtech

• May 4, 2020. Applyboard, a Canadian educational startup, raised $ 75 million from Drive Capital, Fidelity Investments Canada ULC and other investors valuing $ 1.4 billion.

ApplyBoard helps students from all over the world submit documents to foreign universities, as well as simplify the process of obtaining a visa, paying for tuition, buying air tickets, etc. The total amount of attracted investment by ApplyBoard is $ 122.5 million.

In the five years since its foundation, ApplyBoard has helped more than 100,000 students from 110 countries start studying at international universities.

Application technology

• May 4, 2020. Sensor Tower mobile app analytics service raised $ 45 million from Riverwood Capital. This is the first major investment of the company since 2013. A new investment in Sensor Tower speaks of a growing demand for mobile analytics. Over the past year, Sensor Tower revenue grew by 65%.

E-commerce

• May 5, 2020. Indonesian B2B e-commerce startup GudangAda announced a $ 25 million investment from Sequoia India, Alpha JWC and Wavemaker Partners. GudangAda operates in the FMCG market. The funds raised will be used to further develop the technology platform, launch new business areas, as well as recruit staff.

Cybersecurity

• May 5, 2020. Check Point Software Technologies, an Israeli company that develops data protection solutions in the cloud, announced the attraction of a new round of financing in the amount of $ 20 million from GGV Capital, YL Ventures and Silicon Valley CISO Investments. Startup Check Point Software Technologies was founded in 2019.

Robotics

• May 6, 2020. Covariant AI startup received an investment of $ 40 million from Index Ventures and other investors.

The company is developing ways to implement AI in robots. The startup started with the development of robots for warehouses. Covariant has already created a warehouse platform. The automated system consists of robots with cameras and claws. Robots capture the image of the product, capture it and lay it out in special cells.

Fintech

• May 5, 2020. Zeitgold, a company developing accounting automation solutions for small businesses, announced the acquisition of a new investment round of $ 29.2 million from Vintage Investment Partners, AXA Innovation Campus, Deutsche Bank and other investors.

• May 7, 2020. Canadian company Symend raised $ 52 million from Inovia Capital, Silicon Valley Bank and other investors. Startup helps banks, telecommunications companies and utility companies simplify debt settlement. The company combines behavioral science with analytics to empathize with people when they need it most.

The Symend platform enables companies to develop customized debt management programs that lead to higher levels of collection, while building good customer relationships.

Healthcare

• May 8, 2020. Owkin, a platform for exchanging data between laboratories and research institutes, Owkin raised $ 25 million in investments from Bpifrance Large Venture, Cathay Innovation, MACSF and other investors.

Sign the deal

Large deals ($ 75 + million)

Fintech

• May 4, 2020. A company developing a securities, cryptocurrency trading application, etc., Robinhood raised $ 280 million as part of a round F of $ 8.3 billion. The round was headed by Sequoia Capital, an American venture capital fund, and NEA among investors. , Ribbit Capital, 9Yards Capital, and Unusual Ventures.

The previous round of $ 323 million Robinhood closed in 2019 with an estimate of about $ 7.6 billion.

• May 5, 2020. German neo-bank N26 announced an additional $ 100 million in round D from current shareholders (Tencent, Peter Thiel Valar Ventures Fund and others) estimated at $ 3.5 billion. In total, N26 raised $ 570 million as part of Round D.

N26 is a fintech service with which you can quickly open a bank account and receive a debit card. The company has no physical branches, it competes with Revolut, Monzo, Starling and Atom. N26 has about 5 million users.

• May 8, 2020. Australian neo-bank Judo, which provides loans to small and medium-sized businesses, announced a raise of $ 147 million in round C from Bain Capital Credit, Ironbridge Capital and others valuing $ 653.7 million. In addition to issuing loans, the startup also accepts deposits. Currently, the volume of deposits is $ 1.5 billion.

Investments were received 10 months after the startup raised $ 261.6 million in the framework of series B. Also, a few weeks ago, Judo received $ 500 million in state funding.

Transportation

• May 4, 2020. Intel announced the acquisition of Moovit, which developed a mobile platform for navigation, for $ 840 million. The Moovit application allows you to plan a route around the city in real time and track the movement of public transport using AI and big data.

Moovit has about 800 million users worldwide, supports 45 languages ​​and operates in 3,100 cities in 102 countries.

Startup technology will be used in Mobileye (driverless vehicle systems) driver assistance systems (ADAS). Intel acquired Mobileye in 2017 for $ 15.3 billion.

Intel previously invested in Moovit and spearheaded a $ 50 million round of financing in 2018.

E-commerce

• May 5, 2020. French startup Back Market attracted a new round of financing in the amount of $ 120 million from Goldman Sachs, Aglaé Ventures and Eurazeo Growth. The company is developing a marketplace for refurbished smartphones and other electronic devices.

Back Market itself does not restore the device. Instead, the startup works with certified retailers and allows them to post their products on the Back Market website.

Logistics

• May 5, 2020. Ninja Van, a logistics company from Singapore, raised $ 279 million in a new round of financing. The round was attended by GeoPost, Carmenta, Golden Gate Ventures Growth Fund, Grab and others. Ninja Van is engaged in the last mile delivery of goods for the e-commerce sector and uses new technologies to optimize the delivery process. Ninja Van partners include Shopee, Lazada, and Tokopedia.

Mobility

• May 7, 2020. Startup Lime, which provides rental electric scooters, raised $ 170 million. The main investor was Uber. As part of the deal, Lime will gain access to the operations of the Uber Jump e-bike rental service. Alphabet, GV, Bain Capital Ventures and other existing and new investors also invested in the company.

According to various sources, the Lime estimate in 2020 fell to $ 510 million. In 2019, a startup cost $ 2.4 billion.

Government tech

• May 7, 2020. Sidewalk Infrastructure Partners (SIP) executives Jonathan Wiener and Brian Barlow announced a $ 400 million raise from Alphabet and Ontario Teachers ’Pension Plan. The company will improve the US infrastructure with the help of new technologies.

SIP is part of Sidewalk Labs, a subsidiary of Alphabet. Sidewalk Labs worked on the “City of the Future” project in Canada, but in May 2020, it announced the closure of the project due to the difficulty of implementation during the crisis.

SIP plans to introduce new technologies into the urban infrastructure: sensors, data analysis systems, drones. But the company’s priority is a closed-loop economy. The company plans not to build a “smart” city in the US from scratch, but will help existing cities find the necessary infrastructure.

Frame.ai

VAST Data became a unicorn with a $100 million Series C round, raising its value to $1.2 billion

FalconX raises $17M to power its crypto trading service.

 

 

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