Growth financing provider Bloom raised ~$377M (£300M) in Series A financing. The London-headquartered company provides revenue-based growth financing to e-commerce and digital businesses with recurring revenue. Credo Capital Partners and Fortress Investment Group LLC led the funding round. More: - The company will use the proceeds to scale operations across Europe in a bid to become the region's leading capital provider to digital entrepreneurs.
- As part of the fundraising round, Credo's co-managing partner Christopher Dailey will join Bloom's board.
- Bloom considers its flexible pricing model and pay-per-use approach will help it differentiate from other revenue-based financing providers in the region.
Zoom out: - Bloom's competitors, Ireland-based Wayflyer and U.S.-based Clearco, have raised a total of $636.2M and $681.5M, respectively.
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California-based Mainspring Energy’s latest Series E fundraise helped them secure $150M in financing. Lightrock led the fundraising with participation from Khosla Ventures, Bill Gates, Fine Structure Ventures, Princeville Capital, and Lineage Ventures. Linear Generator, developed by Mainspring, is an efficient, low-emission, onsite power generation solution. More: - Warehousing and logistics solution provider, Lineage Logistics, entered into an agreement with Mainspring to deploy up to 150 of its Linear Generators, with the added possibility of exploring 100% green fuel use in the generators in a bid to achieve zero net carbon energy.
- Lineage already powers one of its cold storage facilities using 100% onsite generated energy using two of Mainspring’s generators along with 3.3 MW solar panels.
- Mainspring will use the incoming funds to further develop its generator models and accelerate the adoption of its generators across commercial, industrial, data center, and utility sectors.
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Synthesis Capital, a London-based food tech-focused venture firm, closed its debut oversubscribed Fund 1 with $300M (£238M) in capital. The fund, which Synthesis claims is the largest dedicated fund for the sector, will back technology startups working on global food systems and alternative proteins. Individual investments will average around $15M. More: - Synthesis expects to invest in 15 startups with the financing raised under the current fund.
- The firm has already invested in Upside Foods, a cultivated meat startup; Perfect Day, a cow milk-free ice cream manufacturer; Redefine Meat, a startup making plant-based meat products using 3D printing technology; and Culture Biosciences, a bio-manufacturing outsourcing startup.
- The fund received backing from several institutional investors and corporate partners, including CPT Capital, Société Familiale d’Investissements, Nuveen, Credit Suisse Climate Innovation Fund, Interogo Holding, and CIFF, amongst others.
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Old Fashion Research (OFR), a venture firm formed by two former Binance executives, raised $100M for its inaugural fund. OFR aims to back metaverse and blockchain startups, specifically working on increasing adoption in emerging markets across the Latin American and African regions. More: - Ling Zhang and Wayne Fu, who were previously Binance's vice president of M&A and head of corporate development, respectively, founded Old Fashion Research in 2021. IT had been operating under stealth mode before today's announcement.
- Since its founding, the firm has already made 50 investments in blockchain projects.
- Notable investments include Nansen, a blockchain analytics platform; WOO Network, a cryptocurrency trading platform; and Metaverse Magna, an African gaming community.
- Other portfolio investments include Genoperts, MetaDerby, and ZetaChain.
- OFR's debut fund has received backing from several crypto industry firms, traditional venture capital funds, family offices, and angel investors.
- Gaming platform Wemix is the leading investor in the new fund, along with Gang Wang, JUE Capital, SafePal, and other investors.
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Workforce management platform Assembled closed a Series B funding round with $51M in financing. The funding round was led by New Enterprise Associates with participation from Emergence Capital and Basis Set Ventures. Assembled provides staffing forecasting, automated scheduling, and reporting tools for businesses. More: - Proceeds from the funding will be used to accelerate product development, add HR software integrations, and launch its continuing education program named CX Scholars.
- The San Francisco-based company reported a five-fold valuation increase in one year, along with a three-fold increase in its customer base.
- It has over 180 enterprise clients, including Etsy, Stripe, Zoom, TaskRabbit, and Asana, amongst others.
- In the recent year, it has gained Zoom, Brooks Running, Asana, Wynn, Color Genomics, and Restaurants Brands International as new customers.
- Assembled has raised $71M in total funding to date.
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Data lineage and observability platform Manta raised $35M in financing. The Series B funding round was led by Forestay Capital. Incoming funds will facilitate product development and global expansion. More: - Proceeds from the funding will also help in increasing its workforce to 200 employees by year-end.
- Bessemer Venture Partners, SAP.io, Senovo, Credo Ventures, Dan Fougere, and European Bank for Reconstruction and Development participated in the funding round.
- Manta has secured $52M in total funding, with the previous capital infusion coming in the form of a Bessemer Venture Partners-led $13M Series A fundraise in Oct. 2020.
Zoom out: - According to Statista, the cybersecurity and data observability industry will be worth $28.26B by 2024.
- Notable data observability startups that recently secured funding include:
- Collibra, a Belgium-based company, raised $250M last year in a Series G funding round at a $5.25B valuation.
- California-based Monte Carlo secured $135M in Series D fundraising led by IVP.
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- San Francisco-based growth investment firm FFL Partners raised $917M for its latest fund, FFL Capital Partners V LP, against an initial target of $750M.
- Viola Credit, a fintech firm and alternative credit asset manager, has closed its newest $700M fund. The firm will provide asset-based lending financing to entrepreneurs in fintech, proptech, and insurtech.
- 1Sharpe Ventures closed its oversubscribed inaugural fund for early-stage proptech investments at $90M. The firm was founded by Gregor Watson, Roofstock’s co-founder, and Rob Bloemker, a real estate investor. 1Sharpe is looking to invest in 30 to 40 companies, with initial investments ranging between $500,000 and $2M.
- AR gaming platform Jadu AR secured $36M in Series A funding at an over $206M valuation. The funding round was led by Bain Capital Crypto with participation from General Catalyst, LionTree, Alumni Ventures, Com2Us Holdings, DIGITAL Gaingels, LG, and WeMade.
- Washington, DC-based Indigov raised $25M in a Series B funding round with backing from Tusk Venture Partners, 8VC, Wicklow Capital, and Valor Equity Partners. The company provides a platform for elected constituent officials to interact with local residents.
- NYC-based digital health platform Parallel Learning closed its Series A funding round with $20M in financing led by Tiger Global. Obvious Ventures, JAWS, and Vine Ventures participated in the funding.
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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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