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In Singapore, Funding Announcement, Supply Chain Management

NavVis Adds Fresh Funding To Fulfill Its Mission To Digitize Commercial Buildings And Assets

NavVis is a global leader in end-to-end solutions for reality capture and digital twins. The company is on a mission to bridge the gap between the physical and digital world by enabling immediate access to building information, anytime, anywhere. The NavVis product offering includes the world’s most advanced reality capture solution, which allows for rapid digitization of buildings and assets, and cloud-based digital twin software for the manufacturing and construction sector.

NavVis announced that they have received 25€m of fresh equity funding that complements the recent 20€m debt funding from the European Investment Bank (EIB), raising the total investment to 85€m. The round was led by Cipio Partners, with additional capital from previous investors, BayBG, MIG, Target Partners, Digital+ Partners, and Kozo Keikaku Engineering, making NavVis one of the best-funded deep tech startups in Europe.

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In Tel Aviv, Funding Announcement, Supply Chain Management

AI-Driven Routing Company Wise Systems Raises $50 Million

Wise Systems – a leading AI-driven routing and dispatching platform provider – 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 enables delivery and service operations with drivers worldwide across the last-mile industry. And the company will use the financing to further accelerate product development, market expansion across key geographies, and to address the increasing global demand for the company’s dispatching and routing solutions.

Known as 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. And 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. This 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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In Tel Aviv, HR & People Engagement

Employee development platform GrowthSpace raises $15 million Series A led by M12

Israeli startup GrowthSpace, which has developed a platform for employee development programs, announced on Wednesday that it has secured a $15 million Series A investment round. The financing was co-led by M12, Microsoft’s venture fund, and Vertex Ventures. This latest round of funding, which also included previous investor M-Fund Club, brings GrowthSpace’s total amount raised to $19 million.

GrowthSpace has developed a technology that provides a personalized development program for employees. The system matches employees and experts after understanding their business goals and professional challenges. The company said it has over 1,000 coaches, mentors, and professionals speaking a variety of languages with expertise in 300 different skills. The company’s business model is based on an annual subscription that includes a certain amount of credits, with each credit being equal to one personalized development program for an employee which includes 5-7 meetings with an expert. The cost per credit drops as the subscription program grows.

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In Singapore, Funding Announcement, Network & Spend Management

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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In Portfolio News, Funding Announcement, CRM & Customer Experience

SoftBank Invests in Adverity in $120M series D round

Vienna-based marketing analytics startup Adverity has raised $120 million in an equity funding round led by SoftBank Group Corp.’s Vision Fund 2, helping it to tap growing demand for consumer data.

The startup sees an opportunity in allowing sellers to improve their marketing as Apple Inc. and Google make it harder for brands to track consumers, increasing the value of other sources of information on how people behave online.

“It’s a great opportunity for marketing teams to get ahead again because it’s leveling the field for everybody,” Chief Executive Officer and co-founder Alexander Igelsbock said in an interview.

Established in 2015, Adverity says it pulls in data from more than 500 sources to offer analysis and insights on a brand’s marketing efforts across platforms such as Amazon.com Inc. and ByteDance Ltd.’s TikTok.

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In Portfolio News, Funding Announcement, HR & People Engagement

CENSIA Raises $21m in Series A Funding to Bring Bias-free Intelligence to Human Capital Management

Censia, a leading provider of Talent Intelligence technology, today announced it has raised $21M in Series A funding in a round led by Marbruck Investments. Marbruck joins existing investors Streamlined Ventures, Merus Capital, The CXO Fund, and CerraCap bringing the company’s total funding to over $30 million.

With this funding, Censia will expand go-to-market efforts, scale their API-first offering, and continue product innovations for talent acquisition and workforce planning powering HR technologies of the future with AI.

Censia was built on the belief that unconscious bias in talent decisions is affecting billions of highly capable people around the world from getting opportunities they deserve, contributing to the talent shortage, and impacting organizations’ bottom line.

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