PYMNTS-MonitorEdge-May-2024

funding

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company.

Source: en.wikipedia.org

Coverdash Raises $13.5 Million to Expand Embedded Insurance Offering
Coverdash Raises $13.5 Million to Expand Embedded Insurance Offering
February 28, 2024  |  Investments

Coverdash has raised $13.5 million in Series A funding to expand its embedded insurance offering. The company will use the new funding to expand its...

READ MORE >
FTX and Alameda Vets’ New Exchange ‘Backpack’ Raises $17 Million
FTX and Alameda Vets’ New Exchange ‘Backpack’ Raises $17 Million
February 28, 2024  |  Investments

Backpack, a cryptocurrency exchange led by former FTX and Alameda Research employees, raised $17 million. The Series A funding round values Backpack — whose offerings...

READ MORE >
AI Startup Glean Valued at $2.2 Billion After Raising $200 Million
AI Startup Glean Valued at $2.2 Billion After Raising $200 Million
February 27, 2024  |  Investments

Artificial intelligence startup Glean said it entered unicorn territory. The company raised more than $200 million from investors that include Citigroup, Capital One Ventures, Databricks...

READ MORE >
Treasury Management FinTech Embat Raises $15.96 Million to Expand Globally
Treasury Management FinTech Embat Raises $15.96 Million to Expand Globally
February 27, 2024  |  Investments

Embat, a FinTech company based in Madrid, Spain, has raised 14.7 million euros ($15.96 million) in a Series A round.  The company plans to use...

READ MORE >
NLX Raises $12 Million to Grow Conversational AI Platform
NLX Raises $12 Million to Grow Conversational AI Platform
February 26, 2024  |  Investments

NLX has raised $12 million in Series A funding to grow and develop its artificial intelligence (AI) platform for managing chat, voice and multimodal conversational...

READ MORE >
Connected Healthcare Platform b.well Raises $40 Million
Connected Healthcare Platform b.well Raises $40 Million
February 26, 2024  |  Investments

Connected healthcare platform b.well has raised $40 million in a Series C funding round led by Leavitt Equity Partners. “The successful Series C round builds additional momentum around...

READ MORE >
Report: SumUp Aims to Raise $1.1 Billion to Refinance Debt
Report: SumUp Aims to Raise $1.1 Billion to Refinance Debt
February 23, 2024  |  Investments

SumUp is reportedly looking to raise 1 billion euros ($1.1 billion) from private credit lenders. The U.K. payments company would use the money to refinance existing...

READ MORE >
Report: Figure AI to Raise $675 Million for Human-Like Robots
Report: Figure AI to Raise $675 Million for Human-Like Robots
February 23, 2024  |  Investments

Figure AI, a startup developing human-like robots, is reportedly in the process of raising $675 million in funding, with a pre-money valuation of roughly $2...

READ MORE >
Investors Chase Visible Impact With AI and Web3 Infrastructure Investments
Investors Chase Visible Impact With AI and Web3 Infrastructure Investments
February 23, 2024  |  Investments

When it comes to the venture capital landscape, every year — and strategy — is different. Nearly no other investor segment deals with more reckonings...

READ MORE >