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Funding News 11.3.22

Cover Genius Raises $70M in Series D Funding to Further Expand Embedded Business ModelCover Genius, the global insurtech for embedded insurance, today announced it has raised $70M USD in Series D funding in a round led by Dawn Capital, with participation from new investor, New York-based Atlas Merchant Capital, and existing investors including GSquared and King River Capital. The raise will assist in the insurtech’s rapid business growth and expansion of its award-winning global insurance distribution platform, XCover

ColdQuanta Announces $110 Million Series B to Continue Commercializing Quantum Technology Products Across the Global EcosystemColdQuanta, the global quantum ecosystem leader, today announced a $110 million Series B round of funding to continue commercializing the company’s product portfolio, including quantum computing, quantum algorithms and applications, atomic clocks, sensors, and components.

Christopher Galvin, former Motorola chairman and CEO, has joined the company’s Board of Directors. Mr. Galvin is also now an investor in ColdQuanta. He brings decades of experience in commercializing ground-breaking research from the lab to the global market.

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InterPrice Technologies, Inc. Announces $7.3 Million Series A Funding Round Co-Led by Nasdaq Ventures and DRW Venture CapitalInterPrice Technologies, Inc., a treasury capital markets funding platform, announced today the closing of its Series A funding. The $7.3 million investment was co-led by Nasdaq Ventures and DRW Venture Capital, with participation from existing investors including Bowery Capital.

AMP Announces $17.25M Series A Funding Round to Support the Growth of its Connected Energy Management System (ampOS) – AMP, the world leader in energy management for e-mobility, has announced the closure of the Series A investment round of $17.25 million. With investors Ecosystem Integrity Fund (EIF) and Helios Climate Ventures on board, AMP will accelerate the development of its Connected Energy Management Platform in e-mobility applications. AMP solutions are embedded in the top E-OEMs, revolutionizing the world and bringing sustainability closer.

Roots Automation Raises $10 Million in Series A Funding Round to Accelerate GrowthRoots Automation, creator of advanced, intelligent Digital Coworkers for the insurance industry, today announced the closing of $10 million in a Series A round of funding. MissionOG led theround, supported by Liberty Mutual Strategic Ventures, Vestigo Ventures and CRV.

invygo raises $10 million Series A round – invygo, the Middle East’s car subscription pioneer, has announced a $10 million Series A funding led by MEVP. The round also included participation from leading financial institutions, including Al Rajhi Partners, AB Ventures and Amana Capital, Palm Drive Capital and existing global investors Signal Peak Ventures and Knollwood Investment Advisory.

The MENA region has one of the lowest global motorization rates because of the lack of financial inclusion. With high upfront costs and restrictive financing, a large part of the population in the region are limited from owning a vehicle. Invygo is on a mission to give access to cars to this underserved population, enabling them to fully live up to their potential but also unlocking economic opportunities for the countries as owning a car has proven to be one of the most powerful economic advantages for families over the past 50 years.

Exokinetics Raises Series B Funding RoundExokinetics, a Philadelphia, PA-based company that supports mobility and autonomy for those whose lives are restricted due to a variety of physical limitations, raised a Series B funding.

The backers were not disclosed.

Fintech startup Decentro raises $4.7M in Series A funding round – Y Combinator-backed Decentro, a banking and payments API infrastructure startup, has raised $4.7 million in a Series A funding round led by Singapore/US-based Rapyd Ventures, Leonis VC from Europe, and California-based Uncorrelated Ventures. Indian angel investors, including Kunal Shah (Founder, CRED), Lalit Keshre (Co-founder and CEO, Groww), Beerud Sheth (Co-founder and CEO, Gupshup), and Pratekk Agarwaal (Ex CBO at BharatPe), also participated in the round. 

VoltAero Secures the First Funding in Its Series B Round From the Strategic Industrial Investor, TESI – VoltAero today announced completion of the first tranche in its Series B financing, with Italy’s TESI becoming a strategic investor and industrial partner. The new funding round, which includes a €32 million capital raise, will cover certification and production launch of the first member in its electric-hybrid aircraft family, the Cassio 330. 

Seventure leads €12 million Series A funding round of Citalid Cybersécurité SAS – Jones Day advised Seventure Partners as lead investor in the €12 million Series A financing round of Citalid Cybersécurité SAS, a France-based cyber risks management and decision support platform.

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