Austria-based VC firm Round2 Capital has raised $65M in funding to offer revenue-based loans for European software companies. The firm is expected to raise $104M in total. More: - The European Investment Fund led the round for Round2 Capital Fund II, the official name for the firm's fund.
- Round2 Capital aims to fund European B2B software companies that have $5M-$26M in ARR. The company offers them revenue-based loans in exchange for 2-8% of their ARR.
- The firm does not take equity stakes in the companies, while its revenue share payments are capped at 2.5x the funding amount.
- So far, it has made 25 investments with a 35% ARR growth rate. Some of its portfolio companies include Workspace 365, Hoxhunt, Portagon, Myra, etc.
- Since its inception in 2017, the firm has increased its asset management portfolio worth to $115M.
- Round2 Capital is based in Austria, but the firm also has offices in Berlin and Stockholm.
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Paris-based Karmen has raised $50M in debt to provide funding for startups within 48 hours. Fasanara Capital led the funding round. More: - Karmen provides instant funding services for SMEs. The financing offered is non-dilutive and indexed to the company's turnover.
- To access this funding, clients have to use a plug-and-play platform that enables them to safely share their financial details in order to calculate the loan risk in 48 hours.
- The company separates its funding into three categories: Grow, Runway, and Invoice.
- SMEs using this platform can receive funding that ranges from $10K to $5.2M, depending on their financial performance.
- The company has raised $75M in total funding since its inception in 2021, including a $22M round in January 2022. The round, also led by Fasanara, was split between $3M in equity and $19M in debt.
- Karmen aims to use the funding to grow its market and develop new products.
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The Applied A.I. company has raised a $42M Seed round from Garry Kasparov and others to automate human-led business processes. The company, founded in 2021, claims to have a combined 75+ years of combined experience in management and has employees coming from Amazon, Google, Microsoft, etc. More: - The Applied A.I. company creates software products that aim to digitize business processes that are currently completed manually and are at risk of being done wrong.
- These products are meant to be used in the insurance, pharmaceutical, healthcare, safety, and government verticals.
- Its flagship product is named DeepDoc, a software solution that digitizes handwritten or PDF medical records using Artificial Intelligence. The company offers this feature for free.
- The company has 44 employees, who collectively have 75+ years of management experience and have worked with over 12 Fortune 500 companies.
- Founded in 2021, this is the first time that the company has raised funds.
- Other investors in the round include Stefan von Liechtenstein, Dennis Mahoney, Valnon Holding, Freud Holdings, H.C.S. GmbH, Plug and Play Investment Group, Bolur Corporation, A.R.M. Holding,
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Morse Micro has raised a $20M Series B funding round to reinvent how WiFi is used for IoT. The funding round was led by TelstraSuper, HESTA, Hostplus, NGS, and UniSuper. More: - Horse Micro offers WiFi HaLow technology solutions. HaLow is a low-frequency technology that allows WiFi signals to travel further than previously possible.
- The company claims that its technology can offer features such as:
- 1Km range(0.6 miles),
- 100x area,
- 1000x volume Charging
- 10X EFFICIENCY Multi-year on a single battery
- 8k Devices via a single access point Shield
- WPA3 WiFi security
- Its products are applicable in verticals such as consumer, commercial, industrial, agricultural, etc.
- Morse Micro aims to differentiate itself by providing the fastest, smallest, lowest power, and longest-range WiFi HaLow chip available in the market.
- The semiconductor startup has raised nearly $150M since it was founded in 2016.
- It has offices in the U.S., the U.K., China, Japan, Taiwan, India, and Australia.
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Today's funding 💵 Web3/Crypto - Kiln (France), provides enterprise-grade staking and other crypto services: $17.7M A led by Illuminate Financial with participation from GSR, Kraken Ventures, Consensys, Leadblock Partners, and Sparkle Ventures.
SaaS - Pinata (New York), a workforce-optimization platform: $10M A led by M13 and Bullpen Capital.
Consumer - Raus (Germany), a platform that organizes trips for nature immersion: $3.1M Growth led by 10X Founders, with participation from Shio Capital, Bellevue Holding, Boscor group, and Ennea VC.
Marketing - Ambassador (Washington), a relationship marketing technology platform to track and grow visibility: $1.4M Growth Debt Equity led by Sage Growth Capital.
Edtech - Vektor AI (U.K.), aims to help people learn new skills by connecting them with mentors: $2.4M Pre-Seed led by Cherry Ventures and Mosaic Ventures.
Real estate tech - Searchland (U.K.), a platform that helps developers find land: $2.7M Seed led by Fuel Ventures.
Social media - Fizz (California), a social media platform for college students: $12M A led by NEA with participation from Lightspeed Venture Partners, Rocketship VC, Owl Ventures, Smash Ventures, and New Horizon.
Fintech - Atoa Payments (U.K.), enables SMEs to accept payments through SMS and QR codes: $2.2M Pre-Seed led by Leo Capital and Passion Capital, with participation from Matt Robinson, and Moon Capital Ventures.
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Quick Hits: - HubSpot and Brandwatch partnered this year to survey over 1,000 individuals across the U.S. to better understand consumer purchasing habits, thoughts, and behaviors.
- Aide Health (U.K.): a health tech startup that provides a digital platform to help manage long-term diseases, raised a $1.1M Pre-Seed round led by Hambro Perks with participation from Fuel Ventures, 1818 Ventures, and APX Ventures.
- Spark Capital led a $7M Seed funding round for the productivity app Amie.
- Ejara, a fintech app that allows users to buy crypto and save through decentralized wallets, has raised an $8M A round led by Anthemis and Dragonfly. The company is based in Cameroon.
- Tallarna, a company that creates software that helps measure climate change effects, has received an undisclosed minority-stake investment from ABB.
- Tech innovation is surging in education, finance, health care, and other industries. See what your competitors are building with Crowdbotics.*
*This is sponsored content.
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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 | 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 and 1972 Fords. | |
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