Today 3 Companies Raised $51.2 Million.
WeGoWhere, Galvanick, and Capillary Technologies announced Fundraising Rounds.
Interested in human due diligence services for your investment firm? Visit our website to learn more and connect with us today!
Deal #1: Social Networking Startup WeGoWhere Raises $1.2M in Seed Funding Led by 500 Global.
About:
WeGoWhere is a unique social media platform that offers a refreshing approach to socializing compared to traditional platforms like Facebook or Instagram. The platform encourages users to share their upcoming plans, providing an opportunity for friends to join in and connect in real life. By simplifying the process of planning and organizing meetups, WeGoWhere facilitates seamless interactions between friends. According to Ty Lertwichaiworawit, CEO & Co-founder of WeGoWhere, the platform is designed to align with how people naturally socialize in real life. Rather than focusing on past events, WeGoWhere emphasizes sharing future plans to foster real-time engagement among friends. This approach creates an environment where users can easily inform their friends about their upcoming activities, facilitating meaningful connections and shared experiences.
Funding Round Info:
Thailand-based social networking platform WeGoWhere has secured $1.2 million in a seed funding round, with global venture capital investor 500 Global taking the lead. The round also included notable investors such as Goodwater Capital, Wing Vasiksiri, Peng T. Ong (co-founder of Match.com), and existing investor Antler. Founded in 2020 by Ty Lertwichaiworawit and Mint Leung, WeGoWhere aims to transform social interactions by prioritizing offline connections over passive online engagement. With a rapidly growing user base of over 300,000 members, the platform is making waves in revolutionizing the way people socialize.
Deal #2: Industrial Cybersecurity Provider Galvanick Raises $10 Million in Seed Funding.
About:
Galvanick is a provider of an Intelligence Augmentation platform designed to enhance security in industrial operations environments. Their belief is that humans should always be involved in the decision-making process, as actions in the cyber-physical world can have significant consequences. Recognizing the challenge of increasing threats outpacing human capabilities, Galvanick offers a solution that serves as a "cyber-sidekick" to industrial companies. The Galvanick platform aims to reduce the time it takes to detect anomalous behavior on critical assets, thus enhancing the overall security of industrial operations. Leveraging cloud-native technology, the platform collects and analyzes telemetry data from industrial environments. By utilizing systemic models, operators can quickly discern between normal and abnormal behavior, gaining valuable context surrounding potential security threats.
Funding Round Info:
Galvanick has successfully raised $10 million in a seed funding round. The round attracted significant investments from renowned investors such as MaC Venture Capital, Founders Fund, Village Global, Countdown Capital, Hanover Technology Investment Management, Shrug Capital, 8090 Industries, and more than 25 angel investors specializing in cybersecurity, manufacturing, finance, and defense. Galvanick intends to utilize the raised capital to further strengthen its team by making key hires. Additionally, the funds will be used to expand the adoption of their pioneering product, an Extended Detection & Response (XDR) platform tailored specifically for industrial environments. This expansion will focus on serving advanced manufacturing facilities and critical infrastructure, ensuring enhanced cybersecurity measures in these sectors.
Deal #3: Capillary Raises $45 Million in Funding Led by Avataar Ventures and Other Investors.
About:
Capillary offers technology solutions that enable businesses to adapt to the digital landscape and remain prepared for consumer demands. Their experience platform leverages Artificial Intelligence and Machine Learning to provide brands with in-depth insights into their consumers, personalized communication, seamless cross-channel commerce experiences, and loyalty-building programs. Trusted by over 300 renowned brands across 30+ countries, including Pizza Hut, VF Brands, Walmart, Al-Futtaim, KFC, Starbucks, Madura Garments, Courts, and Samsung, Capillary facilitates easy and connected consumer experiences. With a vast user base of over 300 million consumers and 25,000 stores on their platform, Capillary holds a prominent position as Asia's leading SaaS product company. Their team of over 700 associates across 11 global offices is dedicated to continuous innovation and finding new ways to enhance consumer lives and create memorable experiences. Founded in 2008, Capillary has received backing from notable investors such as Warburg Pincus, Sequoia Capital, Norwest Venture Partners, Qualcomm Ventures, and American Express Ventures.
Funding Round Info:
Capillary Technologies, a leading customer engagement and commerce platform, has successfully concluded its Series D funding round, raising $45 million. The funding round was backed by a consortium of global investors, including Avataar Ventures and its LPs (Pantheon, 57Stars, and Unigestion), Filter Capital, and Innoven Capital. With this latest financing, Capillary has raised nearly $150 million in total funding, building upon its previous $20 million round in February 2018. The additional capital will be instrumental in supporting Capillary Technologies' global expansion initiatives and its strategy for mergers and acquisitions. The company aims to leverage the funding to strengthen its position in the market and further enhance its customer engagement and commerce solutions.