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Funding News 9.21.22

Yellow Card Secures $40M in Series B Funding Round

Yellow Card Financial, a Pan African cryptocurrency exchange, closed a $40M Series B funding.

The round was led by Polychain Capital, with participation from Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership, Jon Weiner, Alex Wilson, Pat Duffy, and more.

Ethic raises $50 million in Series C round

Ethic, a sustainable investing platform that provides direct indexing, announced that it completed a $50 million Series C round.

The funding round was led by Jordan Park Group. UBS also participated through its innovation unit, UBS Next, along with Ethic’s existing investors Oak HC/FT, Nyca Partners, Sound Ventures, Urban Innovation Fund and Kapor Capital, according to a statement. 

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Pan-African Crypto Exchange, Yellow Card Secures $40M in Series B Funding Round

ellow Card Financial, the Pan-African cryptocurrency exchange, has announced the close of its $40M Series B funding. The round was led by Polychain Capital, with participation from Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership, Jon Weiner, Alex Wilson, Pat Duffy, and more.

The funding will enable the company to drive exponential business growth, continue its successful expansion across the continent, develop new product innovations, and advance strategic partnerships across Africa.

1MRobotics launches out of stealth with $25M in Series A funding, set to transform last-mile fulfillment infrastructure through robotics and automation

1MRobotics, a startup developing next-generation robotic dark stores, or as they classify them – robotic nano-fulfillment centers, announced today that Ibex Investors led their A-round funding along with its existing backers Emerge VC, Target Global, and INT3, with participation from other prominent investors. The Series A funding brings its total raised to $25 million, including a previous seed round of $8.5 million.

Roofr Closes a $12M Series-A Funding Round – Roofr, a proptech company that provides “all-in-one roofing software that allows roofers to offer estimates instantly, measure roofs via aerial imagery, and create visually stunning proposals” completed a $12 million Series-A funding round.

KATE FARMS CLOSES $75 MILLION SERIES C ROUND–INVESTMENT LED BY NOVO HOLDINGS –  Kate Farms, the market leader in bringing plant-based nutrition into healthcare, announced today the completion of its Series C round of funding, led by Novo Holdings. Novo Holdings is among the world’s leading life science investors and is responsible for managing the assets of The Novo Nordisk Foundation. Additional participants in the up-round include current investors Kaiser Permanente Ventures, Goldman Sachs Asset Management, Main Street Advisors and existing individual investors. This Series C growth capital round is for a minority stake in the company and follows on the heels of the company’s successful Series B fund raise in 2020.

Seattle adds another unicorn as grocery retail tech startup Swiftly raises $100M

Retail software provider Swiftly raised $100 million in a Series C funding round, helping the company become the latest Seattle-area startup to reach a $1 billion valuation.

The round, led by Hong Kong-based BRV Capital Management, marks Swiftly’s second $100 million financing round in less than six months.

Any Distance raises $1.5M to build social activity tracking for everyone – Building digital and physical experiences to motivate people to be active, Any Distance today announced that it has secured $1.5M in a pre-seed round. Its new activity tracking platform for iPhone and Apple Watch gamifies and inspires movement of all kinds.

Fintech startup soCash raises US$600,000 from angel investors – The first fintech to receive the Financial Sector Technology & Innovation grant from the Monetary Authority of Singapore, soCash provides digital cash management platforms for banks. Hari Sivan, CEO of soCash, says banks spend US$300b per year on enabling cash circulation for consumers and businesses.

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