Instant grocery delivery startup Getir raised $768M Series E investment led by Mubadala Investment Company. The startup reached "decacorn" status and was valued at $11.8B at the latest fundraise. Getir has raised $2B to date. More: - The funding round saw participation from Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital, Tiger Global, and others.
- Getir's dense micro-fulfillment centers, along with its last-mile delivery using bikes and moped scooters, allow it to deliver essentials within 10 minutes.
- Across the nine nations where it currently operates, the delivery startup has over 40 million app downloads.
- It started operations from Turkey – where it currently operates in 81 cities – and later expanded to the U.K., Germany, France, Italy, Spain, Netherlands, Portugal, and the U.S.
- Other than Turkey, Getir has a presence in over 48 cities across Europe and the U.S.
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Serent Capital closed its largest fund to date at $1.1B. The oversubscribed Fund V will focus its investments on founder-led B2B software companies. The firm will provide its assistance and resources to drive the growth of portfolio companies. More: - Serent Capital now has over $5B in assets under management across its funds.
- Since its founding in 2018, the firm has invested in 60+ companies.
- 38 transactions were completed in 2021, of which 17 were platform investments.
- Owing to the strong response, the fund was closed within 100 days of its announcement.
- The inhouse Growth Team will help founders target strategic initiatives across sales, market strategy, M&A, product innovation, and executive recruiting.
- The firm is willing to invest between $20M and $200M in potential opportunities that cater to its preset conditions.
- Potential investments must have a strong product-market fit, annual recurring revenues between $10M-$50M with EBITDA margins of 0-50%.
- In addition, the company should demonstrate annual growth ranging from 20% to 100%.
- Serent anticipates that most transactions will be buyouts, recapitalizations, and growth capital infusions.
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California-based life sciences company Deepcell raised $73M Series B funding led by Koch Disruptive Technologies. The company uses an AI-driven platform to analyze and identify characteristics and gain a deeper understanding of single cells. More: - Notable investors in the recent funding round include Horizon Ventures, Andreessen Horowitz, and Madrona Venture Group.
- The AI platform, assisted by proprietary microfluidics and high-resolution optics, analyzes over 1 billion images.
- "AI can learn to identify cells based on visual differences that are hardly accessible to the human eye," says Mahyar Salek, the president, CTO, and co-founder of Deepcell.
- Including the recent funding, Deepcell has secured over $100M in funding to date.
- The company intends to use the proceeds to further develop its platform, accelerate growth, and scale operations toward commercialization.
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The UK-based venture capital firm Hoxton Ventures has raised $215M toward its third fund. The firm focuses on seed and early-stage ventures in Europe. Hoxton's initial target was to close the fund at $150M. The firm is looking to invest between $500,000 and $5M in potential startups. More: - The firm has made 63 investments to date, 19 of which have already been made from the new fund.
- Hoxton's list of successful investments includes food delivery app Deliveroo, cybersecurity firm Darktrace, and telehealth company Babylon Health.
- All three are public companies, each with a market capitalization of over $1B.
- Notable startups from its current portfolio include Preply, Spacelift, Bother, XYZ, Peptone, and more.
- Partner Hussein Kanji was buoyed by the increasing size of investments into European startups, which reportedly attracted more funding than China last year.
- Hoxton recently led a $6M seed funding into AI-assisted grocery shopping platform Bother in Oct. 2021.
- It last raised ~$100M towards its second fund in 2020. Charles Seely, who also co-led the investment into Bother, joined as an equal partner.
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Kansas City-based fintech Novel Capital emerged from stealth with a $115M initial equity and debt funding. Investors in the funding were not disclosed. The company provides "upfront capital" in lieu of a percentage of future monthly revenue for three years. More: - Companies can get financing up to 30% of their forecasted annual revenue.
- The USP of Novel is that its funding does not require entrepreneurs to give up equity.
- The company's online platform analyzes data submitted by any potential customer to determine the exact amount of funding that can be made available to them.
- Novel also assists the organization in accelerating growth, providing bridge financing, and hiring executives and staff.
- Incoming funds will be used to scale operations and reach.
Zoom out: - Novel Capital's peers in the same domain include Capchase and Pipe, both of which grant capital to businesses based on forecasted revenue.
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German B2B marketplace for business and industrial environments Profishop secured a $35M equity investment. The company intends to use the incoming funds for market expansion across Europe and the U.S. Tiger Global is the sole investor. More: - Profishop is currently active in 13 nations and has witnessed 100-120% growth since its founding.
- The company secured $100M worth of sales and had over 500,000 customers in 2021.
- It last secured an undisclosed seed amount from Takkt and Howzat.
- Profishop’s USP is a just-in-time approach, eliminating the need for warehouses and stocks.
- Their platform has 1.6 million products from over 1,600 manufacturers.
- Tiger Global will support the company in scaling operations.
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Quick Hits - Connect with racing fans, car enthusiasts, and real racing legends.*
- Texas- and Ontario, Canada-based Triumvira Immunologics secured Series A extension financing, bringing the total funding for the round to $100M. The biotech company is developing T cell therapeutics to treat solid tumors. B Capital Group, ATEM Capital, Myeloma Investment Fund, Leaps by Bayer, and Northpond Ventures participated in the funding.
- Belgium-based biotech company Precirix NV secured $88.5M (€80M) Series B financing. INKEF Capital, Jeito Capital, and Forbion co-led the funding. The biopharmaceutical company aims to develop radiopharmaceuticals for cancer patients and will use the proceeds of the recent funding to accelerate product development and expand operations.
- AcreTrader closed $20M Series B funding led by Drive Capital. The Arkansas-based company provides a platform to buy and sell land parcels.
- Washington-based doxo raised $18.5M in Series C financing. Jackson Square Ventures led the funding, with backing from MDV, Sigma Partners, and Bezos Expeditions. Incoming funds will help expand its workforce and develop the doxoDIRECT platform.
- EV automaker XPeng Inc led a $200M capital commitment into Rockets Capital’s debut fund. Other institutional investors, namely IDG Capital, Sequoia China, 5Y Capital, and more, participated in the funding. The fund will invest in startups leveraging emerging technologies in the Smart EV industry.
*This is sponsored content.
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 |  | Karan Chafekar is a Management Consultant, Business enthusiast, and Licensed Pilot. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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