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Funding News 10.5.22

Wearable Medical Devices Company Acurable Raises €11m in Series A Funding Round – Acurable, an award-winning wearable medical devices company, today announced an €11m investment as a result of its Series A funding round. These funds will be used to accelerate the international expansion of its first product AcuPebble SA100 and drive the company towards its ambition to become the preferred solution for home sleep testing worldwide. The investment was led by Kibo Ventures, along with Mundi Ventures, Kindred Capital, and Comprador Holdings among others.

Pulp Culture Closes $7M Series A Funding Round – Leading fermentation sciences company, Pulp Culture, has closed a $7 million Series A funding round and aims to drive growth of the Full Spectrum (TM) fermented beverage category. Launched in 2020 by plant based entrepreneurs Brendan Brazier and Mark McTavish, the company is on a mission to change the consumer relationship with fermented beverages containing alcohol. Driven by innovation and precision fermentation, Pulp Culture produces functional beverages that deliver enhanced bioactivity, probiotics, adaptogens, alcohol and a unique sensation known as the “Entourage Effect”.

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NearPay raises $3.6 million pre-Series A round – NearPay, a Saudi financial infrastructure technology company has closed $ 3.6 million in pre-Series A  funding round led by Vision Ventures, with participation by Hala Ventures,  Arzan VC, Palm Ventures along with prominent angel investors. 

Acurable Raises €11M in Series A Funding Round

Acurable, a London, UK- and Seville, Spain-based medical devices company, raised €11M in Series A funding.

The round was led by Kibo Ventures, with participation from Mundi Ventures, Kindred Capital, and Comprador Holdings.

Klaus Raises €12M in Series A Funding

Klaus, a Tallinn, Estonia-based provider of an AI-powered customer service platform, raised €12M in Series A funding.

The round was led by Acton Capital with participation from Icebreaker, Creandum, and Global Founders Capital.

Serena William’s venture capital firm leads Ugandan fintech’s pre-series A funding round round

Across Africa, small and medium-sized enterprises (SMEs) account for 90 per cent of the private sector and provide 80 per cent of jobs, making them a crucial cog in the economies of countries on the continent. 

Headquartered in Kampala, Uganda’s capital and largest city, Numida is a lending firm, providing working capital loans to African SMEs.

Indian crypto firm secures $18m in series A round – Juno is a mobile payment platform backed by the Ethereum blockchain and Nuo protocol and aims to create an open and global financial system for everyone. The company is headquartered in India.

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