DAILY DATA DUMP Largest PE Financial Software Deal in Last 30 Days

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DATA DUMP (More information can be provide by JD’s staff)

Jeeves	The company raised $171.5 million of Series C venture funding from undisclosed investors on March 14, 2022, putting the company’s pre-money valuation at $2.2 billion. Previously, the company raised $57 million of Series B venture funding in a deal led by CRV on August 31, 2021, putting the company’s pre-money valuation at $443 million. The MBA Fund, SVB Capital and 23 other investors also participated in the round. The funds will be used to use its new capital toward its launch in Colombia, the U.K., and Europe as well as toward more hiring.
Policygenius	The company raised $125 million of venture funding from Brighthouse Financial, Global Atlantic Financial Group, and iA Financial Group on March 17, 2022. Lincoln Financial Group, Kohlberg Kravis Roberts, Revolution, Norwest Venture Partners, and Pacific Life Insurance also participated in the round. The funds will be used to continue to invest in the growth of the company’s core businesses of life, disability, home, and auto insurance, along with new no-exam life insurance offerings and its Policygenius Pro offering. Previously, the company raised an estimated $100.00 million of Series E venture funding from undisclosed investors on December 10, 2021, putting the company’s pre-money valuation at $650 million.
Hex Trust	An undisclosed investor sold a stake in the company for $27 million on March 15, 2022. Previously, the company raised $61 million of Series B venture funding in a deal led by Animoca Brands and Liberty City Ventures on March 15, 2022, putting the company’s pre-money valuation at $239 million. Ripple (San Francisco), BlockFi, Wintermute, Terraform Labs, Hashkey Capital, Morgan Creek Capital Management, Primavera Capital Group, Kenetic Capital, Fenbushi Capital, Sino Global Capital, Adrian Cheng, Eterna Capital and CoinList also participated in the round. The funds will be used to expand in the Middle East and Europe and to scale its current team to around 160 by the end of this year.
Cherry	The company received $50 million of debt financing in the form of a loan from Cross River Bank on March 18, 2022. The funds will help the company to offer medical practices a stronger patient financing solution.
Socotra	The company raised $50 million of Series C venture funding in a deal led by Insight Partners on March 14, 2022, putting the company’s pre-money valuation at $265 million. Nationwide Ventures, MS&AD Ventures, 8VC, Brewer Lane Ventures, Portage Ventures and other undisclosed investors also participated in the round. The funds will be used to further expand product functionality, broaden its reach throughout Europe and Australia, augment customer success infrastructure to support its rapidly growing customer base, and continue extending ecosystem capabilities through the marketplace enabling instant integrations with third-party technology providers. Previously, the company raised $12.86 million through a combination of Series B1 and Series B2 venture funding from Portage Ventures and Matt Pauker on March 1, 2021, putting the company’s pre-money valuation at $80 million. Other undisclosed investors also participated in the round.
Kyash	The company raised JPY 4.9 billion of Series D venture funding from Block, StepStone, and SMBC Nikko Securities on March 16, 2022. Alongside, 10 other investors also participated in the round. The funds will be used to further expand the organization by hiring human resources, expanding the business domain and strengthening the service operation system, and striving to contribute to the financial success of as many people as possible.
Gringo (Financial Software)	The company raised $34 million of Series B venture funding in a deal led by Piton Capital and VEF on March 17, 2022. ONEVC, GFC – Creative Financial Management, and Kaszek also participated in the round. The funds will be used to add more content, products, and services in insurance, financing, and auto sales. Previously, the company raised $8 million of Series A venture funding in a deal led by Kaszek on October 27, 2021. ONEVC, GFC – Creative Financial Management, and Grão (São Paulo) also participated in the round.
EarnUp	The company raised $31 million of Series C venture funding from LendingTree, Blumberg Capital and SignalFire on March 15, 2022. Flourish Ventures, Bain Capital Ventures and KeyBank also participated in the round. The funds will be used to create a financial system that works for everyone by expanding its reinvention of payment and data flows for the mortgage industry that support borrowers, lenders, and servicers. Previously, the company raised $25 million of Series B venture funding in a deal led by Bain Capital Ventures on February 24, 2021. Blumberg Capital, Correlation Ventures, SignalFire, and Flourish Ventures also participated in the round.
Hex Trust	An undisclosed investor sold a stake in the company for $27 million on March 15, 2022. Previously, the company raised $61 million of Series B venture funding in a deal led by Animoca Brands and Liberty City Ventures on March 15, 2022, putting the company’s pre-money valuation at $239 million. Ripple (San Francisco), BlockFi, Wintermute, Terraform Labs, Hashkey Capital, Morgan Creek Capital Management, Primavera Capital Group, Kenetic Capital, Fenbushi Capital, Sino Global Capital, Adrian Cheng, Eterna Capital and CoinList also participated in the round. The funds will be used to expand in the Middle East and Europe and to scale its current team to around 160 by the end of this year.
Corl	The company raised $20 million of venture funding from NAOS Finance on March 14, 2022. The funding will be used to finance high-growth companies with revenue-based financing through its innovative Capital-as-a-Service (CaaS) platform.
CoinRoutes	The company raised $16 million of Series B venture funding in a deal led by Ayon Capital on March 18, 2022. Celsius Holdings, Genesis Global Trading, GSR, CBOE Livevol, AscendEX, Galaxy Digital Holdings, Mirana Ventures, CMT Digital, Arca (Asset Management), Susquehanna Private Equity Investments and LLLP also participated in the round. The funding shall be used to bring the market-leading algorithmic crypto trading platform to institutional investors.
lucent block	The company raised KRW 17 billion of Series A venture funding from Hana Financial Group, Seoul National University Technology Holdings and Hana Bank on March 14, 2022. Capstone Partners Korea, Korea Investment & Securities and Quad Asset Management also participated in the round.
Xpedize	The company was acquired by Clear for INR 1 billion on March 16, 2022. The acquisition will help the platform foray into small and mid-size enterprises (SME) credit and business-to-business (B2B) payments.
RIBBIT	The company raised an estimated $10 million of Series A and Series A-1 venture funding in a deal led by ABS Capital Partners on March 15, 2022, putting the company’s pre-money valuation at $40 million. The funds will be used to accelerate the company’s hiring plan to support growth and innovate with behavioral analytics that powers the $9B financial services market.
Wagely	The company raised BDT 710 million of seed funding in a deal led by East Ventures on March 16, 2022. Integra Partners, Central Capital Ventura, ADB Ventures and other investors also participated in the round. The funding will be used to scale up its operations, fuel its expansion in Bangladesh, where it recently launched, and build other features including savings, insurance, long-term installment loans and financial education.
TechLend	The company raised $7.7 million of venture funding in a deal led by OIF Ventures and Perennial Investment Management on March 17, 2022. The funds will be used to enhance its technology helping Australians gain access to the equity in their homes without having to sell first. Previously, the company received $50 million of debt financing in the form of a loan from Partners for Growth on August 2, 2021. The funding will allow the company to continue its rapid growth, in what is a near-untapped area of the Australian lending market.
Dosh	The company raised $5 million of seed funding from undisclosed investors on March 17, 2022.
FIDx	The company raised $5 million of seed funding in the form of convertible debt from undisclosed investors on March 15, 2022.
Float Capital	The company raised $5 million of seed funding from Alameda Research, Maven 11 Capital and Ascensive Assets on March 16, 2022. 6th Man Ventures, IDEO CoLab Ventures, Encode Club MetaCartel Ventures, Sinan Koc et al, Stani Kulechov and other investors also participated in the round.
SimplyPayMe	The company raised $4 million of Series A venture funding in a deal led by Tom Brudenell-Bruce on March 17, 2022. Other undisclosed investors also participated in the round. The funds will be used to capitalize on existing and new opportunities in both the European and North American markets.
Zitti	The company raised $4 million of venture funding from Crossbeam Ventures Partners, Vera Equity and Broadhaven Ventures on March 15, 2022. Donald C. Moore III, Michael Tannenbaum, Jeff Cruttenden, Andy Cohen, Rodney Williams and Chris Camp also participated in the round. The funds will be used to grow the team and expand the capabilities of its proprietary technology.
Finblox	The company raised $3.9 million of venture funding from Sequoia Capital India, MSA Capital and Coinfund on March 15, 2022. Ratio Ventures and other investors alongside other undisclosed investors also participated in this round. The funds will be used o hire key employees across its engineering and product teams. A significant part of the investment will go toward accelerating its regulatory compliance processes, marketing, and user education initiatives. Previously, the company raised approximately $1 million of venture funding from Sequoia Capital India, MSA Capital, and Venturra Capital on August 1, 2021. Coinfund and 9 Other investors alongside other undisclosed investors also participated in the round. The company will deploy the funds to product development and also build the global footprint with an initial regional focus in Southeast Asia.
Swell Network	The company raised $3.75 million of seed funding in a deal led by Framework Ventures on March 14, 2022. Maven 11 Capital, LVT Capital,IOSG Ventures, Mark Cuban, Kain Warwick, Jordan Momtazi, Fernando Martinelli, Ryan Sean Adams, David Hoffman, Loong Wang, Suji Yan, Charlie Karaboga, Etienne vantKruys, Mustafa Yilham, Quera Huang, Curt Shi, Michael Cotton, AJ Milne and Apollo Capital Management also participated in the round. The funds will be used to conduct multiple audits of the Swell platform ahead of the main net launch and to scale the internal engineering, business development, and marketing teams.
Yago	The company raised EUR 2.2 million of venture funding from Groupe Multimédia IPM, Be Angels and Nicolas Debray on March 16, 2022. HI Invest also participated in the round. The funds will be used to strengthen the business efforts of the startup in the north of the country.
Charityvest	The company raised $2.2 million of Seed-5 funding from undisclosed investors on March 14, 2022, putting the company’s pre-money valuation at $20 million.
Penelope (Financial Software)	The company raised $2.1 million of seed funding in a deal led by Slauson & Co on March 16, 2022. Black Jays, Amplify.LA and other undisclosed investors also participated in the round. The funds will be used to create a self-service retirement platform for small and micro businesses, expand Penelope’s team and accelerate customer onboarding.
Malaa	The company raised SAR 6.4 million of seed funding from Khwarizmi Ventures, Impact 46, and VentureSouq on March 16, 2022. Wealth Well and other undisclosed angel investors also participated in the round. The funding will be used to further develop its proprietary technologies and expand its market reach as it dives further into Open banking & finance propositions.
Sleek (Financial Software)	The company raised $1.7 million of venture funding from Y Combinator, Hyde Park Venture Partners and Fiat Ventures and on March 18, 2022. Goodwater Capital, Kevin Lin, Arjun Sethi, and other 2 angel investors also participated in the round.
Encore Pay	The company raised $1.5 million of seed funding in a deal led by GreenHouse Capital on March 16, 2022. Other undisclosed investors also participated in the round. The funds will be used to rapidly expand in its target markets across the MEA region, and also plans to enrich its platform, which supports neo banking, wallets, BNPL, digital on-boarding, merchant payments and kiosk management.
Salarify	The company raised EUR 1.2 million of venture funding from Hiventures and Hewa on March 17, 2022. The funding will be used to further operate and develop its products, with the goal of entering foreign markets, primarily in the Eurozone.
Cura Deuda	The company raised $1.3 million of venture funding in a deal led by Magma Partners and Anteris Capital on March 16, 2022. Other undisclosed investors also participated in this round. The funds will be used to further develop their technology and expand their services to Latin America.
Unloc (Micro-lending Platform)	The company raised $1.25 million of seed funding in a deal led by Stratos Technologies on March 15, 2022, putting the company’s pre-money valuation at $13.75 million. Solana Ventures, Autonomy Capital (Malta), Khosla Ventures, Buidlhodl Capital, NxGen xyz and 3Commas Capital (VC) also participated in the round. The funds will be used for product upgrades and the overall growth of the team.
EarlyBird	The company raised $1.16 million of venture funding in the form of SAFE notes from undisclosed investors on March 16, 2022.