Today 7 Companies Raised $529.6 Million.
Ringkas, NomuPay, Strive Health, CleanJoule, Boom, Magic, and CoreWeave announced fundraising rounds.
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Deal #1: Ringkas Raises $3.5M in Seed Round Co-Led by East Ventures and Crestone Venture Capital in Indonesia.
About:
Ringkas aims to solve the housing problem by digitizing the overall value chain and creating an intelligent platform that would simplify the mortgage process, efficiently match customer profiles, and target assets to the risk appetite of the financial institutions.
Funding Round Info:
Ringkas, an Indonesian digital mortgage platform, has raised $3.5 million in a seed round co-led by East Ventures and Crestone Venture Capital. Other investors, including 500 Global, Teja Ventures, Orvel Ventures, and Hustle Fund, also participated in the funding. The capital raised will be used to advance and scale the platform across multiple cities in Indonesia, as well as expand into the secondary market.
Deal #2: NomuPay Secures $53.6 Million to Enable Seamless Payments Across Southeast Asia, Turkey, and Europe for Ambitious Global Enterprises.
About:
NomuPay offers a modern end-to-end payment solution with its Unified Payment (uP) Platform. With a single integration, businesses can easily accept payments and make payouts across Europe, Southeast Asia, and Turkey. The uP Platform's secure API supports various payment acceptance methods, including cards, buy-now-pay-later solutions, installment payment plans, and local alternative payment methods in key markets such as Thailand, Malaysia, Hong Kong, the Philippines, and Turkey. Designed to accommodate unique payment workflows, the uP Platform provides payment providers, large enterprises, and sophisticated marketplaces with comprehensive payment visibility and traceability. Established in 2021, NomuPay is backed by venture capital funding and operates in London, Dublin, Hong Kong, Kuala Lumpur, Manila, and Bangkok. The company's executive team comprises industry veterans who have previously worked at renowned organizations like PayPal, US Bank, Barclays, Ingenico, Evo Payments, and American Express. With its innovative approach and experienced leadership, NomuPay is revolutionizing global payment processes and empowering businesses to expand internationally with ease.
Funding Round Info:
NomuPay, a modern end-to-end payment platform specifically designed for regions experiencing high cross-border and ecommerce growth, has successfully raised $53.6 million in a recent funding round. The round was led by Finch Capital, a prominent investment firm, and saw participation from Outpost Ventures, a Neuberger Berman fund, as well as individual investors. Peter Burridge, CEO of NomuPay, highlighted the challenges faced by growing international enterprises when it comes to managing multiple payment complexities. The need to navigate various countries, payment types, use cases, channels, and ever-changing regulations often slows down expansion. NomuPay addresses this issue by unifying fragmented payment networks, providing companies with a streamlined solution. By removing the burden of managing multiple technical integrations and vendor relationships, NomuPay offers enterprises an "all access pass" to global payments, enabling seamless expansion and future-proofing payment strategies. With this significant funding, NomuPay is well-positioned to further develop its platform and continue supporting ambitious enterprises in simplifying their global payment processes.
Deal #3: Strive Health Raises $166 Million in Series C Funding Led by NEA and CVS Health Ventures.
About:
Strive Health, a dedicated company specializing in transforming kidney care in collaboration with forward-thinking payors and providers, has successfully raised $166 million in a Series C funding round. With a focus on improving patient outcomes and experience, Strive Health employs a unique, technology-enabled clinical model that provides comprehensive care for chronic kidney disease patients throughout their healthcare journey, from primary care-level engagement to dialysis. Originally launched out of Oxeon's Venture Studio, Strive Health has gained significant support from prominent investors, including New Enterprise Associates, Town Hall Ventures, Echo Health Ventures, and Ascension Ventures. This latest funding injection solidifies Strive Health's position as an industry leader, poised to make a substantial impact on kidney care transformation. With the backing of influential investors and their innovative approach, Strive Health is well-equipped to drive positive change in kidney care, enhancing patient outcomes and elevating the overall experience. The successful Series C funding round sets the stage for Strive Health's continued growth and empowers them to shape the future of kidney care delivery.
Funding Round Info:
Strive Health, a prominent player in value-based kidney care, has successfully raised $166 million in its recent Series C funding round. NEA led the funding round, which also attracted five new investors, including CVS Health Ventures, a significant strategic investor. Existing strategic investors, such as CapitalG (Alphabet), Echo Ventures, Town Hall Ventures, Ascension Ventures, and Redpoint, also participated in the round. The infusion of new capital will enable Strive Health to fuel its growth and expansion into new markets, while further developing its partnerships with payors, health systems, nephrologists, and medical groups. Additionally, the funds will support the refinement of Strive Health's clinical value-based care model. The company also plans to invest in its workforce of 550 employees to enhance their ability to serve the existing 80,000 chronic kidney disease (CKD) and end-stage kidney disease (ESKD) patients across 30 states. With this substantial funding, Strive Health is well-positioned to strengthen its position as a national leader in value-based kidney care. The company remains dedicated to delivering exceptional care and improving outcomes for patients while driving innovation in the kidney care space.
Deal #4: CleanJoule Secures $50 Million Investment from International Consortium to Fast-track Sustainable Aviation Fuel Production.
About:
CleanJoule is a leading company pioneering the conversion of biomass energy into sustainable aviation fuel (SAF) and carbon-negative bio-rubber. Comprising a team of dedicated engineers, scientists, and visionaries, CleanJoule is driven by its mission to foster a sustainable planet, reduce global carbon emissions, and combat climate change. Through their advanced technology, CleanJoule taps into existing biomass energy sources, efficiently transforming them into high-performance aviation fuel. Moreover, they produce carbon-negative bio-rubber, offering a versatile solution applicable to a range of consumer and commercial products. CleanJoule's commitment to innovation enables the efficient utilization of biomass energy, unlocking its potential to contribute to a cleaner and more sustainable future. By converting biomass into sustainable aviation fuel and carbon-negative bio-rubber, CleanJoule is actively working towards reducing carbon emissions and promoting environmentally responsible practices across various industries.
Funding Round Info:
CleanJoule, a promising U.S.-based startup specializing in the production of Sustainable Aviation Fuel (SAF), has announced a successful US$50 million investment round. The round was led by the principals of Indigo Partners, a renowned U.S.-based private equity firm. Additional participants included GenZero, a decarbonization-focused investment platform company of Temasek based in Singapore, Cleanhill Partners, a U.S.-based private equity firm focused on decarbonization, and three prominent airlines—Frontier Airlines (U.S.), Wizz Air (Europe), and Volaris (Mexico). The funding secured in this round will play a crucial role in advancing CleanJoule's technology for producing high-performance SAF from agricultural residues and other waste biomass in a more cost-effective manner. By refining their processes, CleanJoule aims to make significant strides in sustainable aviation fuel production, addressing the growing demand for environmentally friendly alternatives in the aviation industry. This substantial investment not only highlights the confidence placed in CleanJoule by renowned investors but also signifies the importance of sustainable aviation fuel in the global transition towards a greener future. With the support of key industry players, CleanJoule is well-positioned to drive innovation and contribute to decarbonizing the aviation sector.
Deal #5: Boom, a Rent Reporting Platform Based in the US, Raises $4.5 Million in Seed Funding Round.
About:
Boom is a dynamic platform that offers innovative financial solutions, empowering users to manage rent payments and build credit. With their user-friendly platform, individuals can conveniently pay their rent using a variety of methods, including credit or debit cards, bank transfers, and digital wallets. This flexibility allows users to choose the payment method that best suits their needs while effectively fulfilling their rent obligations. Beyond facilitating seamless rent payments, Boom also offers credit reporting services. By reporting rent payments to credit bureaus, Boom enables users to build credit history and potentially improve their credit scores. This unique combination of rent payment convenience and credit reporting makes Boom a valuable resource for individuals seeking financial flexibility and the opportunity to strengthen their credit profiles. Boom's innovative approach to rent payments and credit reporting sets them apart, providing users with a comprehensive platform that combines financial convenience and credit-building opportunities.
Funding Round Info:
Boom, a leading platform specializing in tenancy reporting, has announced the successful completion of a seed funding round, raising an impressive $4.5 million. Notable investors in this round include William Hockey and Zach Perret, co-founders of the renowned financial services firm Plaid. The funding round was spearheaded by Starting Line, a venture capital firm specializing in seed investments. Joining as additional participants were Clocktower Ventures, Company Ventures, and Gilgamesh Ventures. This significant investment signifies the confidence and support garnered by Boom for its tenancy reporting platform. With the backing of prominent investors and venture capital firms, Boom is poised to further expand its capabilities and offerings, revolutionizing the way tenancies are reported. As Boom continues to evolve and make a lasting impact on the industry, this successful seed funding round sets the stage for their continued growth and success. With its strong investor backing and innovative approach, Boom is well-positioned to disrupt the tenancy reporting landscape and drive positive change.
Deal #6: Magic Raises $52 Million in Strategic Funding Round with PayPal Ventures as Lead Investor.
About:
Magic is a leading wallet-as-a-service provider that facilitates seamless user onboarding into web3. By offering instant non-custodial wallet creation, Magic eliminates the need for seed phrases and browser extensions, providing a familiar web2 experience for everyday users. Leveraging email or social logins, Magic enables users to effortlessly access web3 applications. With a comprehensive suite of features, including authentication, fiat onramps, NFT Minting, and NFT Checkout, Magic offers end-to-end web3 onboarding solutions. Trusted by renowned brands in both web2 and web3 domains, such as Mattel, Macy's, Xsolla, and Immutable, Magic has established itself as a trusted partner for businesses across industries. With over 20 million wallets created and a growing community of 130,000+ developers, Magic continues to drive innovation in the web3 space, simplifying the onboarding process and accelerating the adoption of blockchain technologies.
Funding Round Info:
Wallet-as-a-service (WaaS) provider Magic has secured $52 million in a strategic funding round. PayPal Ventures led the round, with participation from Cherubic, Synchrony, KX, Northzone, and Volt Capital. This brings Magic's total funding to over $80 million. Magic enables web3 adoption by offering seamless solutions for companies to transition their customers to web3, with applications ranging from loyalty programs to digital collectibles. Trusted by renowned brands like Mattel and Macy's, Magic is driving innovation in customer engagement.
Deal #7: CoreWeave Raises $200 Million in Series B Extension, Total Funding Reaches $421 Million.
About:
CoreWeave is a leading provider of computing services and products, dedicated to empowering innovators across industries. Specializing in GPU-accelerated compute solutions, CoreWeave caters to the CGI and machine learning sectors, offering powerful computing capabilities. With a robust hardware and systems management infrastructure, CoreWeave enables clients to seamlessly scale and adapt to evolving compute requirements. Their solutions not only provide industry-leading performance but also deliver cost-effective solutions, allowing clients to optimize their computing resources. By offering advanced GPU-accelerated compute solutions, CoreWeave plays a vital role in enabling CGI and machine learning industries to unlock their full potential. With their cutting-edge technology and commitment to customer success, CoreWeave continues to empower innovators by providing them with the computing power they need to drive groundbreaking advancements.
Funding Round Info:
Specialized cloud provider CoreWeave has secured an additional $200 million in funding from Magnetar Capital. This funding extension follows their recent $221 million Series B round, also led by Magnetar, bringing the total raised to an impressive $421 million. CoreWeave's GPU-accelerated cloud infrastructure caters to the increasing demand for generative AI technology, providing faster and cost-effective compute solutions for compute-intensive workloads. Their serverless orchestration layer offers AI startups quick and portable workload deployment with reduced overhead and management complexity.