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Funding News 10.28.22

PreVeil Announces Series C Funding Round Led by PSG – PreVeil, a provider of cloud based end-to-end encrypted email and file collaboration solutions, announced today that it has raised a $20M Series C funding round led by PSG, a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth.

Flush with Series A funding, Daye unwraps the big gynae health mission – Talking to Valentina Milanova, the still just 28-year-old founder of U.K. femtech Daye, is best described as an exhilarating experience. During our interview, she talks in and around her topic — building a startup supporting women’s sexual and reproductive health — non-stop for the best part of an hour, barely pausing for breath and without needing to be prompted to unpack the detail (although an engaged listener will be forced to interject with exclamations and follow-on questions as she lays out her sharp takes) — dispensing, at times, part-fascinating, part-horrifying insights from the coal-face of a field that’s suffered from a chronic lack of research and innovation for far too long.

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Sepio Raises Series B Funding RoundSepio, a Rockville, MD-based provider of a physical layer-based asset risk management solution, raised an undisclosed amount in Series B funding.

The round was led by U.S. Venture Partners (USVP).

The company intends to use the funds to accelerate growth and sales organizations needed to address demand from tier-1 enterprises, and execute on its future product roadmap.

Finexio Closes $35M in Series B Funding RoundFinexio, an Orlando, FL-based B2B accounts payables (AP) Payments-as-a-Service company, raised $35M in Series B funding at a $100m pre-money valuation.

The round was led by Mendon Venture Partners and National Bank Holdings Corporation (NYSE: NBHC) with participation from Patriot Financial Partners, Discover Financial Services (NYSE: DFS), Valley Bank (NASDAQ:VLY), and Trogg Hawley Capital LLC.
J.P. Morgan was the largest investor in the growth round.

TECH HOSPITALITY SPECIALIST BOB W RAISES €21M IN SERIES A FUNDING ROUND  – Tech-driven hospitality provider, Bob W, which offers a smarter and more sustainable alternative to hotels and short-stay rentals, has secured €21 million in series A funding, led by IDC Ventures, Elevator Ventures, Verve Ventures and Flashpoint.  

SKU Data Network Company Banyan Secures $43 Million in Series A Funding – In a round led by Fin Capital and M13, SKU data network company Banyan has raised $43 million in funding. The Series A round includes $28 million in equity and $15 million in venture debt, taking the total equity capital raised by Banyan to $53 million. In addition to Fin Capital and M13, the round featured participation from FIS Impact Ventures, Bridge Bank, Interplay, and TTV Capital.

The financing will be used to help accelerate Banyan’s technology and infrastructure growth. Banyan enables retailers and financial institutions to leverage enriched, item-level data capabilities to boost consumer engagement and financial wellness, as well as improve business expense management. The company offers the world’s largest SKU data network, which helps “unlock a new world of valuable information in the form of item-level receipt data,” according to Banyan founder and CEO Jehan Luth. Luth added that the funding was “evidence of market validation for Banyan as the first to deliver the next level of Precise Commerce applications to merchants and financial services.”

SYSO Technologies Closes $10 Million Series A FundingSYSO Technologies, a market operator for renewable energy and battery storage developers and asset owners, and Lacuna Sustainable Investments today announced the completion of a $10 million Series A funding round led by Lacuna. SYSO will use the funds to enter new domestic and international markets and grow the company’s software engineering, operations, and sales teams. 

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