Phoenix-based Schola raises $10 million in Series A round – A Phoenix-based education technology company has received an infusion of capital to further its mission of connecting families with schools.
Schola Inc. in December closed on a $10 million Series A round led by San Diego-based Channel Equity Partners, whose investment was partly backed by an undisclosed New York private equity firm.
Crowdfunding platform Manafa secures $28 million Series A round – Manafa, the leading debt and Investment company, announced the closing of its Series A round of SAR106 million ($28 million) led by STV and Wa’ed Ventures, the venture capital arm of Saudi Aramco.
The company was founded in 2018 by Abdulaziz Al-Adwani to provide financial products tailored to fulfil the needs of SMEs in various sectors by offering debt and equity financing based on a crowdfunding model, which allows institutional investors like financial institutions and investment funds or Individual Investors to access SMEs financing opportunities through debt and equity securities. The platforms are licensed by the Saudi Central Bank (SAMA) and the Saudi Capital Market Authority (CMA).
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Ecozen Raises $10 Mn, In Addition To Series C Round – Ecozen raises $10 million from Nuveen Global Fund. This is the second part of its planned Rs 200 crore series C round. According to the media reports, The company’s board has passed a special resolution to issue 1,06,657 Series C2 CCPS at an issue price of Rs 7725.67 each to raise Rs 82.4 crore or $10 million.
It was founded by Devendra Gupta, Prateek Singhal, and Vivek Pandey alumni of IIT Kharagpur. EcoZen develops technology-enabled products to strengthen the farm-to-fork value chain of perishables.
Centbee Raises $1M in Pre-Series A Funding – Centbee, a London, UK-based blockchain payments company, raised $1M in Pre-Series A funding.
The round was led by Calvin Ayre, founder of Ayre Ventures.
The company intends to use the funds for scale and growth as well as strengthening technical and operating capacity.
E-cycle Startup Gear Head Motors Raises Pre-seed Funding Led By US-based Angel Investors = The products and services that work towards climate awareness have now been on a rise, more than ever. Sensing this, several startups have come up with products and services dedicated towards this quest. The e-bike market is expected to reach $80.6 billion by 2027. And e-cycle startup Gear Head Motors is one of them.
Health food brand The Whole Truth raises $11 million from existing investors Sequoia, Matrix – The Whole Truth’s parent company Fitshit Health Solutions Pvt Ltd, has issued 28,935 Series B compulsorily convertible preference shares to Matrix Partners for Rs 25.37 crore, and 73,944 shares to Sequoia Capital for Rs 64.84 crore.