Bling Capital has raised $212M to invest in B2B SaaS startups, spread over two different funds. The two funds will be based in San Francisco and Miami. More: - Bling Capital aims to invest in early-stage startups and gain a 10-12% equity position in the companies it invests in.
- The firm is mainly focused on B2B SaaS startups and avoids other verticals such as Web3 and cryptocurrencies.
- Bling Capital was founded in 2018 by angel investor Benjamin Ling, a former partner at Khosla Ventures. Ling is based in Miami, while the other partner, Kyle Lui, is based in San Francisco.
- The firm has made over 90 investments, including startups such as Rippling.
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Dandelion energy has raised a $70M Series B1 funding round to make geothermal energy accessible to everyone. The company has recently reached its 1,000th installation. More: - Dandelion Energy is a New York-based company that offers a geothermal heating pump system. Through this system, households can save thousands of dollars annually on their heating bill.
- Geothermal energy runs a liquid through pipes in a loop underground, taking advantage of the earth's relatively constant temperature to transfer warmth to the house in the winter and away from it in the summer.
- The company believes that it can grow by marketing both the economic benefits of using this method through savings and taxes, as well as environmental ones.
- Space heating, air conditioning, and water heating account for 70% of energy use in homes, and most U.S. homes use fossil fuels for these activities.
- Geothermal energy, on the other hand, is considered to be one of the most sustainable heating methods.
- The round was led by LENX and NGP ETP, with participation from Breakthrough Energy Ventures, NEA, GV, Collaborative Fund, and Building Ventures.
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Data analytics platform Motherduck has raised a $47.5M Series A funding round led by Andreessen Horowitz. More: - MotherDuck offers a serverless analytics service that runs on DuckDB. The latter is a database that was created only in 2019 but quickly garnered support from the data community due to its ability to run on all platforms.
- According to the company, because users have access to external hard drives, the need for servers that can store large amounts of data has been replaced with a need for cheaper and more intuitive analytics.
- The company believes that it will be able to differentiate itself by precisely offering cheaper services for smaller enterprises. Its starting price for the data analytics plan will be $10, a number that is considerably lower than what other large companies charge.
- Other participants in the round include Amplify Partners, Madrona Venture Group, SV Angels, and Altimeter Capital.
- The Seattle-based company used this round to announce that it has officially come out of stealth mode and will launch its product in early 2023.
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WeaveGrid has raised a $35M Series B from Salesforce Ventures to accelerate EV adoption and help grids handle the demand. The company is working with PG&E, the utility company that charges the most EVs of any in the U.S. More: - The WeaveGrid platform helps utilities find EV drivers, analyze and gather insights on charging patterns, enroll them in managed charging programs and EV-specific rates, incentivize beneficial charging habits, and actively manage charging.
- This platform uses all of the above-mentioned data to help grids handle the demand. The software is able to forecast energy demands and notifies the operator whenever an upgrade is needed.
- WeaveGrid works with Pacific Gas and Electric Company (PG&E), Xcel Energy, and Exelon Utilities.
- Activate Capital, Collaborative Fund, Emerson Collective, MCJ Collective, Breakthrough Energy Ventures, Coatue, Grok Ventures, and The Westly Group also participated in the round.
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Today's funding 💵 Fintech - WeGift (U.K.), a digital payments company that enables users to disburse funds from donations, remittances, coupons, etc.: $30M B led by Element Ventures, Clocktower Ventures, and Volution Capital with participation from CommerzVentures, AlbionVC, and SAP.
- Baraka (UAE), an app that enables retail investors to invest in stocks: $20M Growth led by Valar Ventures.
Real estate tech - Valcre (California), provides a real estate appraisal platform and other workflow tools: $12.7M A led by Avenue Growth Partners with participation from Second Century Ventures.
SaaS - Pelico (France), a platform that helps manufacturers improve their efficiency and solve their production bottlenecks: $18.5M led by Serena Capital and 83North.
- Loops (Israel), a plugin software tool that helps companies realize what KPIs they need to be working on: $14M Seed led by Scale Venture Partners led the round, with participation from Cardumen Capital.
- Xano(California), enables users to build a scalable backend for any App using No-Code: $5M Growth led by MHS Capital and Engineering Capital.
Artificial Intelligence - Omneky (California), uses AI to offer a marketing platform that generates personalized content: $7M Seed led by John Donovan, Orbit Ventures, and Ethos.
- theGist (Israel), aims to make companies more productive by providing Slack summaries for employees: $7M Pre-Seed led by StageOne Ventures and Aleph.
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Quick Hits: - Apis Cor holds the current Guinness World Record for the largest 3D-printed building on Earth. Invest in the future of construction.*
- Makers Fund led a $4.1M Seed round in Noodle Cat Games, a Salt Lake City-based independent games studio.
- U.K.-based e-scooter marketplace company Pure Electric has raised $2.7M from individual investors on the crowdfunding platform Crowdcube.
- The Eighth Notch, a company that has created a patent-pending technology platform that enables shippers and carriers to eliminate unnecessary delivery truck stops, has raised a $3.5M Growth round led by Ecosystem Integrity Fund.
- Impacked (New York), a platform that aims to provide sustainable packaging for other enterprises, raised a $2.5M Seed round led by TenOneTen Ventures.
*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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