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INVEST NEWSWIRE - ROUND UP OF VC FUNDING IN Q2 2021



HABI RAISES $100M IN SERIES B FUNDING

Habi, a real estate startup digitizing home buying and selling for Colombia’s middle class, has raised $100 million of equity in a Series B funding (led by SoftBank Latin America), marking the largest round raised by a female CEO across Latin America. The startup also allows homeowners to estimate the value of their homes. Some 100,000 Colombians have received pricing from Habi led by CEO Brynne McNulty Roja.


BOLTTECH BECOMES A UNICORN IN $180 MILLION SERIES A

bolttech, one of the fastest growing international insurtech companies, announced the completion of an oversubscribed US$180 million series. A funding round led by Activant Capital Group, joined by investors including Tony Fadell – Principal at Future Shape, Alpha Leonis Partners, Dowling Capital Partners, B. Riley Venture Capital and Tarsadia Investments. The investment round is the largest series A round for an insurtech company and values bolttech at more than US$1 billion, giving the insurtech unicorn status only one year after its launch in 2020.


HYCU CLOSES $87.5M SERIES A

HYCU, Inc., a pioneering enterprise software company specializing in multi-cloud data backup and recovery as a service, announced that it has closed a $87.5 million Series A financing round. Led by Bain Capital Ventures, this new funding reinforces HYCU’s leading market position and continued momentum, and will enable the company to hire more than 100 new employees in the Boston area to achieve rapid scale.


THE CITIZENRY, RAISES $20 MILLION SERIES B

The Citizenry, a direct to consumer home decor brand that partners with artisans around the world, has announced it has raised $20 million in Series B funding from NextWorld Evergreen, a growth equity firm with a focus on conscious consumer brands. The capital injection will be used to accelerate The Citizenry's evolution into a whole-home, omnichannel brand. The Citizenry is known for its exceptional craftsmanship and globally-inspired aesthetic in soft goods.


YANOLJA RAISES USD 1.7 BILLION IN NEW FUNDING

Yanolja, South Korea's leading travel and leisure platform, has completed a USD 1.7 billion investment round by sole investor SoftBank Vision Fund 2. By utilizing IoT, AI, big data and blockchain technologies, Yanolja has been accelerating the digital transformation of the global travel and hospitality industry through its innovation, cloud-based platform. Yanolja provides travel app services including accommodation, leisure, transportation, and restaurant, and has become one of the fastest growing travel sector unicorns across the globe.


LEARNWORLDS SECURES $32M IN GROWTH FUNDING

LearnWorlds, an all-in-one platform for creating and selling online courses, announced that it has secured a $32 million minority investment by global venture capital and private equity firm Insight Partners. LearnWorlds provides a no-code, white-label, all-in-one platform where educators and content creators can create, host, market, and sell highly interactive and engaging online courses. The Cyprus-based company capitalized on a breakout year for e-learning, showing 3x+ growth, as demand for online learning accelerated.


YULIFE RAISES RECORD $70M SERIES B

YuLife, the tech-driven insurance company on a mission to inspire life, has raised a $70M (~£50M) Series B in one of Europe's largest insurtech funding rounds in life insurance. The round was led by Target Global and supported by new investors Eurazeo and Latitude as well as existing investors Creandum, Notion Capital, Anthemis, MMC Ventures, and OurCrowd. YuLife will develop new products, expand its UK market penetration, and broaden its reach in global markets.


ALEPH FARMS COMPLETES $105 MILLION SERIES B

Aleph Farms, the cultivated meat company growing steaks directly from non-genetically modified animal cells, has announced the completion of a $105 million Series B funding round. The funding round was led by the Growth Fund of L Catterton, the largest global consumer-focused private equity firm, and DisruptAD, one of the largest venture platforms in the Middle East. It also saw participation from Skyviews Life Science, as well as a consortium of leading global food and meat companies including Thai Union, BRF, and CJ CheilJedang. Additionally, existing investors, including VisVires New Protein, Strauss Group, Cargill, Peregrine Ventures, and CPT Capital, participated in the funding round.


ONBOARD RECEIVES $100M GROWTH INVESTMENT

OnBoard, the leading cloud-based board management solution for high-performing boards, has announced it has secured a strategic growth investment of $100M from JMI Equity, a growth equity firm focused on investing in leading cloud software companies. The investment comes as board-led companies and organizations have realized that outdated technology, divided communication, and fragmented information flow makes it difficult for boards and leadership teams to engage effectively. The investment from JMI will accelerate OnBoard's award-winning product innovation and category leadership, fuel organic market expansions and strategic acquisitions, and strengthen continued brand growth – allowing OnBoard to reach more customers and serve the complex needs of boards and leadership teams across North America, EMEA, and APAC. The investment will also enhance growth and innovation for OnBoard's sister solution, OnSemble, a leading employee intranet platform.


CLEARCO RAISES $215M USD IN NEW ROUND OF FUNDING

Clearco, the world's largest e-commerce investor and the company revolutionizing the opportunities for founders to grow their businesses, has announced a $215M US new round of funding led by new investor SoftBank Vision Fund 2 to continue to propel the company's growth and suite of founder-first hub of products. SoftBank Vision Fund 2's participation in this new round of financing significantly contributes to the momentum and advancement of Clearco's vision and commitment to a broad and diverse hub of growth products and services that effectively remove barriers founders traditionally face, including giving up equity in exchange for capital, inventory funding and data that drives growth and operational efficiency.


ONBUY RAISES £35M IN SERIES A+ FUNDING ROUND

UK-based online marketplace OnBuy.com has announced the closing of £35 million in series A+ funding through VC and strategic technology investors. Since its inception in 2016, OnBuy has existed to disrupt the status quo around eCommerce, taking on the industry giants that currently dominate the market. With its 'level playing field' offering, OnBuy has attracted more than 7,000 retailers, hosting over 36 million products on the platform. Built on a foundation of trust and transparency, the Bournemouth-based company vows never to compete with its retailers, simply offering a fairer marketplace to host well-known brands both big and small, and high-quality products at great prices.


ISA PHARMACEUTICALS ANNOUNCES EUR 26 MILLION FUNDING

ISA Pharmaceuticals B.V., a clinical-stage immunotherapy company, announces the closing of a EUR 26 million funding round with participation from new investors including Invest-NL and existing investors including Regeneron. The proceeds of this round will be used to advance the lead product ISA101b towards first marketing authorization as well as to broaden the clinical pipeline of immunotherapies based on the Synthetic Long Peptide (SLP®) platform technology. Gerben Moolhuizen, CEO of ISA Pharmaceuticals, said, "We are very happy with the continued support of our existing partners and shareholders. Invest-NL's support underlines the innovation at ISA Pharma and potential impact of our SLP® immunotherapies for the treatment of serious diseases."


MARCO FINANCIAL CLOSES $82 MILLION SEED ROUND

Marco, the first tech-enabled financing platform built for small and medium-sized exporters in the United States and Latin America, announced that it has raised $82 million in seed funding. Led by Kayyak Ventures, the company has increased its credit line to $100M provided by Arcadia Funds LLC. The new funding will also be directed towards product development, specifically, Marco's vision to provide the trade finance rails for the world's largest logistics and shipping conglomerates. This embedded finance model will allow Marco to scale and support more SMEs in LatAm by giving large logistics providers the ability to finance exports on their own, underwritten by the Marco team. The new facility will also expand the fintech's supply chain finance, asset-based lines of credit, purchase order, and inventory financing.


MIGHTY BUILDINGS RAISES A TOTAL OF $100M

Mighty Buildings, a construction technology company that is revolutionizing the construction industry by using 3D printing, advanced materials, and robotic automation to create beautiful, sustainable, and high-quality homes, has raised an additional $22M to accelerate their carbon neutrality roadmap. The company has secured a total of $100M in funding to date. The company announced today that they are moving towards a low carbon and sustainable future and has committed to get to Net-Zero by 2028 -- 22 years ahead of the construction industry. This round is supported by new and existing investors excited about the Sustainability Roadmap acceleration, such as ArcTern Ventures, Core Innovation Capital, Decacorn Capital, Gaingels, Khosla Ventures, Klaff Realty, MicroVentures, Modern Venture Partners, Polyvalent Capital, and Vibrato Capital.


DEVREV LAUNCHES WITH $50 MILLION IN SEED FUNDING

DevRev, a new business software company focused on bringing developers closer to customers and revenue, has emerged from stealth mode, to work with early adopters in making the product generally available in 2022. The startup launches with $50 million in seed funding and a highly experienced team headed by Dheeraj Pandey, Nutanix co-founder/ former CEO and current board member at Adobe.


UNYBRANDS RAISES ADDITIONAL $300 MILLION

unybrands, an integrated platform for e-commerce businesses looking to scale their operations on and off Amazon, announced the closing of $300 million in growth capital with Crayhill Capital Management. Since announcing its $25 million equity seed round in February 2021, unybrands has continued to execute its acquisition strategy in both the US and Europe and is set to well surpass its original goal of acquiring 20 companies in 2021. The funding will enable unybrands to further accelerate its strategy to buy, build and boost attractive brands across Amazon, Shopify and other direct to consumer platforms.


ROBOTICS STARTUP VERVE MOTION SNAGS $15M SERIES A

Wearable robotics startup Verve Motion announced it has raised $15 million in Series A funding, led by Construct Capital as well as follow-on investments from existing investors, Founder Collective, Pillar VC, Safar Partners, OUP, and a number of angel investors. The company is pioneering a new class of connected wearable technology for the industrial sector by integrating robotics into functional apparel.

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