Today 3 Companies Raised Over $235.5 Million.
Helium Health, M Stand, and FINNOMENA Announced Funding Rounds.
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Deal #1: FINNOMENA Boosts its Power with $5.5 Million Raised in Series B+ Funding.
About:
Finnomena is a digital wealth management platform catering to investors and financial advisers. The company is led by a seasoned management team with approximately 50 years of combined experience in the global financial industry. Leveraging proprietary machine learning technology and a hybrid robot advisory model, Finnomena aims to achieve returns that surpass market averages while offering a user-friendly tech-enabled experience. As a fully integrated platform, Finnomena provides a range of services in the region. These include access to professionally curated investment content through their investor's knowledge hub, which boasts over 15 million monthly views and 1.2 million social media followers. Additionally, Finnomena offers a fund supermart service to further enhance investment opportunities for users.
Funding Round Info:
Finnomena, a leading investment management platform, has successfully concluded its Series B+ funding round, securing a total of $5.5 million. The round was led by Openspace Ventures, with participation from Finnoventure Private Equity Trust and Gobi Partners. This funding round is aimed at diversifying Finnomena's product offerings to include new asset classes, aligning with investor demands and adapting to the evolving global economy and challenges in the capital markets. Mr. Jessada Sookdhis, CEO of Finnomena Group, expressed gratitude for the continued support received from institutional investors despite the ongoing challenges in the global investment market. The funding will enable Finnomena to further develop its investment management platform, with a focus on expanding its mutual funds business and strategically venturing into emerging assets that have piqued investor interest, such as crowdfunding or investment tokens.
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Deal #2: M Stand, Chinese Coffee Chain, Secures Significant Funding in Series B+ Round Led by Xiaohongshu.
About:
M Stand is a popular coffee chain brand known for its trendy appeal. The brand offers a distinctive fusion of creative special notes and boutique coffee, enhancing the sensory experience of each cup with aesthetic design. One of M Stand's core principles is to create diverse and beautiful spaces, with each store featuring a unique design concept. Founded in 2017 and headquartered in Shanghai, China, M Stand has rapidly gained a following for its innovative approach to coffee. The brand strives to provide customers with not only a flavorful coffee experience but also an aesthetically pleasing environment.
Funding Round Info:
M Stand, a renowned Chinese coffee chain, has reportedly raised a substantial amount in its recent Series B+ financing round, with lifestyle platform Xiaohongshu taking the lead as the primary investor. This funding comes nearly two years after the company successfully closed its B round financing. Notable institutional investors from M Stand's previous funding rounds include CMC Capital, GenBridge Capital, and BA Capital. The infusion of capital from the latest investment round will empower the home-grown brand to further expand its operations. Since its inception in 2017 with the opening of its first store in Shanghai, M Stand has experienced remarkable growth, currently operating 356 stores across 28 cities nationwide as of May 31. With the support of this funding, M Stand is poised to continue its expansion trajectory and strengthen its presence in the Chinese market.
Deal #3: Healthtech Company Helium Health Secures $30 Million Funding with Support from AXA IM Alts and Anne Wojcicki of 23andMe.
About:
Helium Health is a company dedicated to digitally transforming hospitals and clinics across Africa through its suite of software tools. With a specialization in developing hospital software for managing patients' health records and data, the company assists healthcare facilities in digitizing medical records, streamlining operations, and facilitating financing applications. Additionally, Helium Health provides a telemedicine solution for doctors. By utilizing technology to establish a modern and cost-effective healthcare system, Helium Health aims to become the largest healthcare data exchange in Africa. The company, founded in 2016 and headquartered in Lagos, Nigeria, is committed to leveraging digital solutions to enhance healthcare services throughout the region.
Funding Round Info:
Helium Health, a Nigerian healthtech company specializing in providing Software-as-a-Service (SaaS) tools, financing, and insights to healthcare providers and public health organizations, has successfully secured $30 million in its Series-B funding round. Leading the investment round is AXA IM Alts, a prominent financial institution, with participation from Capria Ventures, Angaza Capital, Anne Wojcicki (Founder of 23&Me), and Flatworld Partners. Notably, existing investors Global Ventures, Tencent, Ohara Pharmaceuticals, LCY Group, WTI, and AAIC also contributed to the round.