Nium has raised more than $200M in a Series A round, at a valuation of more than $1B, Tekmetric has established a partnership with AutoVitals,Vision Quest Velocity LLP, a virtual cycling company, has raised $3.4M in a seed funding, Marble Financial, an AI-based financial solution business, has inked a formal credit facility agreement with CHP Agent Services Inc, Dover has acquired CDS Visual Inc, Sila has announced its fundraise of $13M in a Series A funding, Solarisbank attains the unicorn tag after raising €190M, King River Capital (KRC) has announced the first close of its second fund raising $95M and Deloitte has made two acquisitions – TransientX and Sentek Global.
Show Notes
Nium, a global B2B payments network, has raised more than $200M in a Series A round, at a valuation of more than $1B, making it a unicorn. The money will be used to expand the company’s payments network infrastructure, develop new products, and recruit top industry personnel.
Tekmetric has established a partnership with AutoVitals, a shop management software for vehicle repair companies. The two auto repair company systems are now working together, allowing for easier two-way communication and a better customer experience.
Vision Quest Velocity LLP, a virtual cycling company, has raised $3.4M in a seed funding round led by strategic financial partners. The strategic investment will be used by Velocity to develop ground-breaking software, new technologies, and platform awareness.
Marble Financial, an AI-based financial solution business, has inked a formal credit facility agreement with CHP Agent Services Inc. Under the Credit Agreement, Marble will receive a $10 million credit facility through its wholly-owned Special Purpose Vehicle (SPV) subsidiary.
Dover has acquired CDS Visual Inc., a provider of SaaS solutions. Dover’s Engineered Products business will house CDS Visual as an operational unit. CDS Visual’s software is built on a patented unique technology that enables for “live” 3D setup.
Sila has announced its fundraise of $13M in a Series A funding round led by Revolution Partners and others. Its total funding has crossed $20.7M with this round, and it said that it would continue to bridge the gap between outdated banking systems and emerging financial systems built using blockchain
Solarisbank attains the unicorn tag after raising €190M ($224M) in an oversubscribed funding round led by Decisive Capital Management. It has also announced that it would acquire Contis to fulfill its aspirations of providing banking-as-a-service across Europe.
King River Capital (KRC) has announced the first close of its second fund, raising $95M from a range of existing and new investors. It would continue supporting founders in scaling their products and platform, and its aspirations of building innovative technology companies in the US and Australia.
Deloitte has made two acquisitions – TransientX and Sentek Global – for an undisclosed sum to bolster secure networking and cybersecurity offerings to clients. TransientX’s services would benefit Deloitte’s zero-trust offerings and Sentek Global would beef up its system engineering and cybersecurity offerings.