Fenbeitong raised $140M in a Series C+ led by DST Global. Hillhouse, Ribbit, Stau, Glade Brook, Bit Rock, D1 Capital Partners, WhaleRock, P7 Ventures, and Emergence also participated in the round. More: - The company is focused on the corporate "SaaS+Payments" niche.
- Fenbeitong intends to use the funds to increase product capabilities, expand to new markets and expand its team.
- Headquartered in Bejing, the company's valuation has reached unicorn status after this round.
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Medical company Nalu secured $104M in Equity Financing led by MVM Partners and Gilde Healthcare. Pura Vida Investments, Aperture Venture Partners, Advent Life Sciences, Decheng Capital, Endeavour Vision, and Longitude Capital were also participants. More: - Nalu is focused on developing and commercializing minimally invasive solutions for patients with chronic neuropathic pain.
- The Nalu system consists of a fully-featured, battery-free, miniaturized implantable pulse generator (IPG) that is powered wirelessly by an externally worn Therapy Disc and controlled through a smartphone-based app.
- The company, based in Carlsbad, California, intends to use the funding to scale its commercial operations, expand its clinical evidence and continue its product development.
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Convictional closed a $40M Series B funding round led by YC Continuity. Lachy Groom and FundersClub were also participants. More: - The Toronto-based company provides a Supplier Enablement Platform for enterprise retailers, marketplaces, and distributors to launch new brands on their dropship, marketplace, and wholesale programs in minutes.
- The funding will be used to accelerate product innovation and expand its sales and marketing efforts towards new customer acquisition.
- Enterprise retailers like Indigo, MADE.com, Staples, and Harry Rosen can expand their product assortment, reduce inventory risk, and test new brands with Convictional’s supplier enablement software.
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Exodigo raised $29M in a seed round led by Zeev Ventures and 10D Ventures. Also participating were SquarePeg Capital, JIBE Ventures, Tidhar Construction, Israel Canada, and WXG Ltd. More: - Tel-Aviv-based Exodigo provides a subsurface mapping solution that combines advanced sensors, 3D imaging, and AI technologies to give a clear picture of the underground.
- The company can rapidly create a digital geolocated, 3D map of buried assets, from man-made pipes and cables to soil layers, rocks, minerals, and even groundwater, across any terrain.
- California, Florida, and Texas are the designated locations for pilot projects.
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Nomad raised $20M in Series A funding led by Silicon Valley Bank Capital. Kickstart Fund, Peterson Ventures, and Range Ventures also participated. More: - Nomad provides a marketplace serving small-time rental property owners with guaranteed rent.
- The company intends to use the funds to continue to invest in its tech stack, as well as hire new people and expand to 10 new markets in the next 24 months.
- The first expansion will be this spring to Raleigh, North Carolina.
- The company has plans to hire more than 50 people in 2022.
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Subskribe raised $18.4M in seed and Series A funding led by 8VC and Slow Ventures. Amplitude, Asana, Coupa, Dialpad, Okta, Plaid, and UIPath also participated. - Subskribe is an adaptive quoting and billing platform for SaaS companies to maximize revenue with deal structures such as ramp-up engagements, mid-term upsells, and flexible discounts.
- Its main features include advanced usage-based billing, support for quoting and billing ramp-up subscriptions, zero reconciliation between quotes/orders and invoices, and more.
- The company plans to use funds to expand its engineering team and its product base.
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- Chronicled, a San Francisco-based Web3-powered network within the life sciences industry, raised $8.3M in funding.
- San Francisco-based The.com, provider of a platform that enables website creators to build, collaborate, and earn credit for their work, secured $4.4M in seed funding.
- Kryptowire, a mobile security and privacy solutions company, received a growth investment of an undisclosed amount.
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Beth is an Inside Analyst and a former public policy/investigative reporter. She has covered AI, VR, technology, and e-commerce for Inside. When she's not busy writing, she's hiking in Arizona's desert, playing pickleball, or trying out new Mexican food recipes. | |
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