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The Mom Project Secures $80M in Series C Funding

The Mom Project, the leading platform for moms to discover their economic potential, announced today an $80 million Series C funding round led by growth investment firm Leeds Illuminate. Additional participants include existing investors 7GC, Initialized Capital, OCA Ventures, Citi, High Alpha and Grotech Ventures alongside Silicon Valley Bank.

The Series C round represents the largest global investment ever made in female workforce technology.

“It’s long past time we stop underestimating and undervaluing mothers in the workforce,” said Stephanie Nieman, Managing Director at Leeds Illuminate. “We’re investing in The Mom Project because we believe the potential for continued growth within this business is extraordinary.”

The new funds will accelerate the company’s goal to connect moms on its platform with more than $1 billion in economic opportunity in the next two years through investments in product development, distribution and team growth.

“We’ve demonstrated to the market that betting on moms is good business,” said Allison Robinson, The Mom Project founder and CEO. “We’ve seen 20x growth over the last three years and are eager to leverage this momentum and the trust and equity we’ve earned with moms and our customers and partners to continue building and expanding the reach of category-defining solutions that reshape how work evolves to meet the needs of modern families.”

The investment comes at a crucial time for moms and their families, who were some of the hardest hit during the coronavirus pandemic. In 2020, 2.3 million women left the U.S. workforce—either through job loss or being forced to quit in order to care for their children—leading to the lowest levels of women in the labor force since the 1980s, prompting Vice President Kamala Harris to declare “a national emergency.”

The Mom Project has witnessed business leaders stepping up to the challenge, with companies identifying The Mom Project’s suite of hiring, upskilling and retention solutions as an effective way to solve pressing labor shortages while also addressing longer-term concerns around attrition, skill gaps and the need for greater diversity and empathy in the workplace.

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Wise Systems Raises $50 Million in Series C Financing

Wise Systems announced it has raised $50 million in Series C financing led by Tiger Global Management with participation from new and existing investors that include Section 32, Valo Ventures, Gradient Ventures, and Prologis Ventures.

Wise Systems’ real-time, automated system powers delivery and service operations with drivers worldwide across the last-mile industry. The company will use the financing to further accelerate product development, market expansion across key geographies, and address the increasing global demand for the company’s next-generation dispatching and routing solutions.

“The last-mile industry has undergone radical transformation over the last five years, driven by a combination of technology, customer appetite, and disruptive newcomers like Wise Systems,” said Chazz Sims, CEO and co-founder of Wise Systems. “With this latest round of funding, we’re excited to invest further in our business and continue to push the boundaries of innovation and customer experience, embedding machine learning and AI in service of automation, efficiency and carbon reduction.”

A leader in AI technology for last-mile delivery operations, Wise Systems saw significant growth over the two past years, growing 300% year-over-year, experiencing increased demand for the company’s autonomous dispatch and routing technology across a number of markets. Today’s announcement comes on the heels of other significant developments for Wise Systems this year, including the availability of its platform in the SAP App Store and its launch in Japan. In July, Wise Systems announced a partnership with Mitsubishi Fuso Truck and Bus Corporation (MFTBC), under the umbrella of Daimler Trucks Asia (DTA), to offer the company’s AI-driven routing and dispatch software to MFTBC customers in Japan. The partnership extends Wise Systems’ reach to the commercial vehicle industry in Japan, one of the busiest last-mile markets in the world.

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Switzerland-based Archlet raises €8.6M to help companies to make better sourcing decisions; here’s how

Zurich-based Archlet, a B2B SaaS application platform that empowers company buyers to make informed decisions in strategic sourcing, announced that it has secured $10M (approx €8.62M) in its Series A round of funding.

The fundraise comes early for Archlet, as it raised its $2.8M Seed round in January 2021. The additional capital will allow Archlet to further boost product development and to expand into new markets.

The round was led by HV Capital. Existing investors Wingman Ventures, Senovo, and La Famiglia also participated in this round. Business Angel Matthias Hilpert completed the round and said he will continue to support Archlet on its journey.

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HV Capital invests $10M in Archlet’s Series A

Archlet has successfully closed a $10M Series A funding round that will fuel and accelerate our growth journey even further. This round would not have been possible without the incredible team at HV Capital and the support and sparring from our existing investors. Additionally, we look forward to welcoming our new business angel, Matthias Hilpert, who will assist with strategic advice and action planning.

While the pace at Archlet is higher than ever before, we have taken a moment to reflect on our crazy journey. Since we founded Archlet two years ago, we have been on an incredibly satisfying and humbling adventure with many ups and downs, and, as a team, we have learned something valuable from every one of them. In 2021, our customer base has grown like never before, our dreams, goals, and visions have followed. It is this entrepreneurial spirit that makes the A-Team so exceptional, and we are very proud to be part of this crew.

Every day, the team works hard to get us closer to our vision of seamlessly connecting buyers and suppliers in the global supply chains. And every day, our user experience becomes better and even more intuitive. We are already well on the way, but with our additional funding, we are another step closer to offering a powerful end-to-end sourcing experience that can be used by any buyer in any organization.

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3i Inc. raises $24M in oversubscribed Series A funding round

3i Inc specializes in metaverse technology, artificial intelligence (AI), augmented reality (AR) and virtual reality (VR). The immersive technology company is also a member of Born2global Centre.

Ken Kim, CEO of 3i said: “The metaverse is the next-generation platform, where soon, all media flows are expected to move. Our products and solutions help enterprises and content creators leap onto the metaverse much more easily, seamlessly, and quickly than ever before, changing the way the physical world interacts with the digital world.”

This most recent round of funding included $20 million from new financial and strategic investors. The remaining $4 million came from existing investors.

“3i is a company which is growing dramatically in B2B digital twin solutions using AI and AR/VR technologies and B2C video content creation platform,” said Joo-wan Jeong, Director at SV Investment, the investment company that led the funding round.

He added: “I made this investment because I believe 3i will be able to grow into the only global player that possesses both technology and content in the integrated metaverse.”

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Most freelancers don’t make 6 figures, Wethos raised $8m to change that

In Q2 of this year, 11.5 million people answered this question by quitting their jobs. Next to retail, business services saw the biggest exodus of talent to freelancing, which is projected to be over half of the workforce by 2030. Today, leaving a corporate job means leaving your corporate paycheck and benefits, a risky move when only 5% of freelancers make over $100k a year. Freelance as a viable and lucrative career has been out of reach for most, but in the words of Vice President Harris: “I often say that the ability we should all have is to see what can be, unburdened by what has been.”

Today, we’re thrilled to announce Wethos’ new $8M round of funding led by Third Prime with participation from new investors Javelin, Full Circle, F7 Ventures, Clocktower, and Revolution’s Rise of the Rest Seed Fund, as well as continued support from Laconia, Valuestream, and many others. We’re also excited to add Wes Barton from Third Prime and Vivian Cheng from Javelin to our board alongside existing board member Dion Ridley, Engineering Leader at Netflix Studios. This fresh injection of capital follows 100x growth since we launched with just 100 studios less than a year ago. We proudly power nearly 10,000 virtual studios, which have won over $54M in projects by leveraging Wethos’ tools.

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Crosschq Secures $30M in Tiger Global Led Series A Financing To Expand and Scale AI-Powered Talent Intelligence Cloud™

Crosschq, pioneers of the Talent Intelligence Cloud™ powering a revolution in data-driven hiring and people analytics, announced today an extension to its Series A financing bringing the total round to $30 million. Led by Tiger Global, this $16.5 million expansion included returning investors GGV Capital, Bessemer Venture Partners, SAP.iO, rocketship.vc, and new investors including Jack Altman, current CEO of Lattice.

“Our talent landscape is changing with unprecedented velocity and the need for advancements to drive better hiring decisions has never been greater,” said Mike Fitzsimmons, Co-Founder and CEO of Crosschq. “Our Talent Acquisition and DEI leaders are hungry for reliable data and analytics to source and retain the best talent. We are proud to be emerging as the Talent Intelligence vendor of choice for this increasingly complex environment.”

Over the past year, Crosschq’s Talent Intelligence Cloud™ has rapidly been adopted by talent leaders across all core sectors. In the last month alone, users of Crosschq’s platform have nearly doubled, up by 86%. In addition to attracting major players in the Enterprise Tech, Fin-Tech, and Media industries including Snowflake, Blend, Hubspot, and Dish Networks, the company has recently expanded solutions in the Life Sciences and Health Care sectors. Adoption by new customers including Carbon Health, CityBlock Health, and Hengrui, China’s largest pharmaceutical company, reflects this growing market segment for the company.

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Airwallex raises $200M at a $4B valuation to double down on business banking

Business, now more than ever before, is going digital, and today a startup that’s building a vertically integrated solution to meet business banking needs is announcing a big round of funding to tap into the opportunity. Airwallex — which provides business banking services directly to businesses themselves as well as via a set of APIs that power other companies’ fintech products — has raised $200 million, a Series E round of funding that values the Australian startup at $4 billion.

Lone Pine Capital is leading the round, with new backers G Squared and Vetamer Capital Management, and previous backers 1835i Ventures (formerly ANZi), DST Global, Salesforce Ventures and Sequoia Capital China also participating.

The funding brings the total raised by Airwallex — which has head offices in Hong Kong and Melbourne, Australia — to $700 million, including a $100 million injection that closed out its Series D just six months ago.

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Airwallex Raises Funds at $4 Billion Valuation for Expansion

Airwallex Cayman Ltd. raised $200 million to accelerate its expansion in global payments as it taps investors keen on fast-growing fintechs. The Australian company attracted funding from investors led by Lone Pine Capital, boosting its valuation to $4 billion after the series E round, the company said in a statement on Monday. Other new investors include G Squared and Vetamer Capital Management.

“We want to accelerate our growth in the U.K., Europe and U.S.,” Jack Zhang, chief executive officer of Airwallex, said in a phone interview. He added that the company wants to “become a dominant leader in global payments.”

Airwallex’s fundraising comes just months after a round in March that gave the firm a valuation of $2.6 billion, underscoring the rapid growth in online payments. Last month Square Inc., the digital-payments platform led by Twitter Inc. founder Jack Dorsey, agreed to buy Australian buy-now, pay-later company Afterpay Ltd. for $29 billion.

Airwallex helps businesses set up bank accounts, process multicurrency payments and manage expenses. While the company has numerous Chinese clients including Tencent Holdings Ltd.’s WeChat, retailer JD.com Inc. and online learning platform 51Talk, its focus on cross-border payments has kept it clear of a regulatory crackdown on other parts of the country’s financial system.

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Recruiting technology company Humanly.io raises $4.2 million in seed funding round

A technology company that uses artificial intelligence in recruiting job candidates has raised $4.2 million, including funding from two local venture capital firms.

Humanly.io is headquartered in Seattle and Sacramento, and it raised the recent seed fund from investors including Moneta Ventures of Folsom and Growth Factory Capital in Rocklin.

“We will use the money to scale up the team and the product,” co-founder and Chief Operating Officer Andrew Gardner told the Business Journal.

The company currently has 10 employees, most of whom work remotely, though the company has small offices in Seattle and Sacramento.

The funding this week was led by Zeal Capital Partners in Washington, D.C., and also included Spark Growth Ventures, Basecamp Fund and Y Combinator.

According to venture capital tracking website Crunchbase, Humanly.io has raised a total of $5.3 million since its launch in 2019.

Humanly.io uses artificial intelligence software to automate screening and scheduling of hiring for companies and recruiters. It also has a suite of software that helps recruiters and hiring managers be more efficient during job candidate interviews and virtual interviews over teleconferencing.

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Amberdata Raises $15M Series A Led by Citi

Amberdata, the digital asset data company, announced it has raised $15 Million Series A led by Citi. Franklin Templeton, Galaxy Digital, Rovida Kruptos Assets, and executives at GoldenTree Asset Management also participated in the capital raise. They are joined by HWVP who previously led Amberdata’s Series Seed.

Amberdata will use the funds to double R&D headcount and expand go-to-market both in the United States and internationally.

Amberdata delivers comprehensive data and insights into blockchain networks, crypto markets, and decentralized finance. Founded in 2017, Amberdata analyzes over 8 million blockchain network transactions and more than $500 Billion in trading activities daily. The platform powers financial institutions with data for research, trading, risk, analytics, reporting, and compliance.  It serves as a critical piece of infrastructure for investors entering the asset class and participating in digital asset markets.  Institutional customers can easily integrate real-time and historical data and metrics via FIX, REST, WebSockets, and RPC and gain access to reference rates, Indexes, and analytics.

“Partnering with the exceptional group of strategic investors gives us unprecedented insights into institutions’ roadmap and challenges,” said Shawn Douglass, CEO at Amberdata. “Blockchain technology enables entirely new financial products to be created and offered at a much lower cost with global market reach. We see growing institutional interest and demand in crypto assets. Our customer list and investors are a stamp of approval for the value we are creating for institutions.”

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Zippin Raises $30M to Drive Adoption of Frictionless Checkout

Checkout-free technology provider Zippin has closed a $30 million Series B funding round with participation from new and existing investors that include OurCrowd, Maven Ventures, Evolv Ventures and SAP. The new round brings Zippin’s total funding to more than $45 million.

This follows Zippin’s significant progress in recent months, including signing numerous new accounts, launching multiple new public checkout-free stores and further solidifying its leading technology within the future of retail, according to the company.

The company currently powers checkout-free stores across four continents in formats such as convenience stores, grocery stores, sports stadiums, hotels and residential buildings. With this funding round, Zippin expects to scale its checkout-free platform and power tens of thousands of stores by 2025.

“Zippin has seen increased demand and rapid adoption of checkout-free technology during the pandemic,” said Krishna Motukuri, Zippin co-founder and CEO. “Shoppers want contactless experiences everywhere they go. As retailers realize that frictionless checkout-free technology is also contactless by design, they see a great opportunity to kill two birds with one stone. With a checkout-free platform like Zippin, retailers can offer shoppers what they are looking for today, and future-proof their business, both at the same time.”

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Love checkout-free stores? This S.F. company just landed $30M to compete with Amazon Go’s technology

San Francisco startup Zippin, which develops technology powering checkout-free retail stores in the style of Amazon Go, has tripled its funding with a new $30 million round to scale its platform across “tens of thousands of stores” by 2025.

The Series B trough — courtesy of new and existing investors OurCrowd, Maven Venture, Evolv Ventures and SAP — brings its total backing to more than $45 million. The company said the new money will fund further development of maintenance functions and time-to-deployment.

Zippin’s technology facilitates entry and purchases for customers via a smartphone app and utilizes overhead cameras and shelf sensors to monitor goods.

It is used by retailer clients such as Lawson, Japan’s ubiquitous and third-largest convenience store chain, Aramark Corp., Compass Group, and Brazil’s largest retailer, Americanas. The platform was operational in 29 stores in the U.S. and around the world as of June, per its website, and CEO and co-founder Krishna Motukuri said demand has increased during the pandemic as retail stores sought to limit physical touch points.

Investors said in a statement they were impressed by the technology’s performance in high-traffic settings such as sports venues, which might see 500 customers in one hour.

“Zippin’s continued growth in such challenging environments is evidence of their superior technology,” said Jon Medved, CEO and founder of OurCrowd, a Jerusalem-based platform for investments in early-stage startups. “(It’s) also a competitive advantage, allowing their AI to train on some of the richest datasets provided by those challenging environments.”

Zippin opened its own check-out free store and showcase for its technology in SoMa in 2018 but shuttered it in June after opting not to renew its lease June 30, the company said in a blog post this summer.

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Cashierless checkout company Zippin raises $30M

The cashierless technology shift continues apace with today’s news that Zippin has raised $30 million in a series B round of funding. The San Francisco-based company is one of several players in the space to gain traction for a technology that seeks to not only make supermarket queues obsolete, but also generate big data insights for retailers.

Founded in 2018, Zippin leverages AI, cameras, and smart shelf sensors to enable shoppers to place items in their cart and walk out without waiting. The company opened its first checkout-free store in San Francisco back in 2018, and it has since entered into partnerships with the likes of Aramark, Sberbank, and the Sacramento Kings’ Golden 1 Center to power cashierless stores globally.

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On-Demand Coaching Platform Bravely Announces $15M Series A Funding Round

Brilliant Hire’s Smart Job Matching

Bravely, the technology platform connecting people to on-demand professional coaching and development, announced a $15 million funding round led by Telescope Partners. This funding round will further Bravely’s rapid growth and advance its mission to transform the way companies support inclusive, high-performing teams by providing universal access to coaching.

“The world of work is undergoing the biggest change we’ve seen in our lifetimes,” says Sarah Sheehan, Co-Founder and President of Bravely. “The competition for talent right now is unprecedented, and there’s more attention than ever on the tools companies offer to support their employees’ growth and development. The choice is: rise to meet the new standards, or lose your most valuable asset, which is your people.”

Bravely is the first coaching platform designed to scale whole-population support for companies of all sizes, and boasts the most highly-vetted coaching network in the industry. With this funding round, Bravely will both expand its global reach and develop powerful new data capabilities, allowing for an even deeper understanding of, and capacity to serve, diverse individual employee needs. In addition to new automation and personalization, this capital will also power research informing Bravely’s ethical, inclusion-focused use of data, as well as developing a People Science function at the company.

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