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Funding News 8.11.22

Overtime raises $100M in series D funding round – Overtime co-founder and President Zack Weiner said that the company has “raised $100 million in series D funding,” according to Sara Fischer of AXIOS.com. A source said that the latest round “values the six-year-old company at over $500 million.” The series D round is being led by Liberty Media Corporation. Growth equity firm Winslow Capital is “joining as a new investor,” while existing investors, including Jeff Bezos’ personal investment company, Blackstone and Sapphire Sport, also are “participating in the new round.” The funding will be used to “grow Overtime’s new sports leagues,” Overtime Elite (OTE) for basketball and OT7 for football, and “create more leagues for other sports down the line.” Overtime currently produces over 50 digital shows about “sports lifestyle and culture across its massive online footprint,” which includes more than 65 million followers across all of its 80 social media channels (AXIOS.com. 8/9).

StradVision announces close of $88m Series C funding round

EOUL, South Korea, Aug. 9, 2022 /PRNewswire/ — StradVision, an AI-based perception processing company for Autonomous Vehicles and ADAS, announced today that they have closed their Series C funding round.

Strategic investors included in this round of funding for StradVision are ZF and Aptiv. With this round closed, StradVision now has $129m USD in cumulative funding from the seed round through Series C. Automotive industry strategic investors to date for StradVision have included Aptiv, Hyundai Motor Company, Hyundai Mobis, LG Electronics, AISIN (Japan), and ZF.

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Spin Technology Closes $16 Million Series A Funding Round to Disrupt Saas Data Protection MarketPALO ALTO, CA / ACCESSWIRE / August 9, 2022 / Spin Technology, Inc., developer of the ultimate all-in-one SaaS data protection platform ‘SpinOne’ for mission-critical SaaS apps, today announced it has closed a $16 million Series A round of financing. Blueprint Equity led, with Santa Barbara Venture Partners and Blu Venture Investors also participating. Blueprint Equity’ Sheldon Lewis, Santa Barbara Venture Partners’ Dan Engel, and Blu Venture Investors’ Robert Struble will take seats on Spin’s Board. The new funding will be used to accelerate growth, expand Spin’s SaaS offerings, and grow the company’s marketing, sales, and engineering teams.

Announcing $115 Million Series B Funding Round for Afresh

Announcing $115 Million Series B Funding Round for Afresh

August 9, 2022 by Asia Food Journal

Series B funding afresh

Courtesy of Filmbetrachter/Pixabay

As the leading AI-powered fresh food technology provider, we’re proud to announce a $115 million Series B funding round led by Spark Capital with participation from Insight Partners, VMG Partners, and Bright Pixel Capital. Walter Robb, senior executive partner at S2G Ventures and former co-CEO of Whole Foods Market, also joined the round. All prior investors, including Maersk Growth, High Sage, and Innovation Endeavors, also participated in the round, bringing our total funding to $148 million. 

Unite Us banks $150M series C to scale up networks linking health and social services

As social determinant efforts become more data-driven, the industry has attracted new technology startups. 

New York City-based Unite Us launched in 2013 with a software platform to help connect people to social services. As it scales up a nationwide social care network, the startup has attracted backing from major healthcare and tech investors including Salesforce and Town Hall Ventures, led by former Centers for Medicare & Medicaid Services Administrator Andy Slavitt.

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