One Peak has closed a $1B fund to invest in B2B startups in Europe and Israel. The firm claims it is the largest B2B software-focused fund in Europe. More: - One Peak aims to invest in growing B2B technology companies with proven and proprietary technology, scalable business models, exceptional management teams, and significant upside potential.
- OnePeak's investment size will range from $15M to $100M, according to the company.
- Some of its portfolio startups include Cymulate, Deepki, DocPlanner, Neo4j, PandaDoc, and Spryker Systems.
- Besides its investments, the company is also known for its proprietary business intelligence software, PULSE. This software is used for making investment decisions by providing data from different sources.
- The London-based company, founded in 2014, has raised three funds so far.
- This fund will be officially named One Peak Growth III.
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Unicorn startup Sunbit has raised a $250M debt funding round to offer a no-fee credit card and quick loan approvals. Sunbit claims it has a 90% approval rate for those who fulfill the application criteria. More: - Sunbit is a fintech platform that provides loans for users who need the money on short notice.
- Users can pay within three, six, or 12 months. The company extends its time limit in certain cases, offering a 72-month payment plan for dental care.
- Sunbit provides up to $20,000 in loans, while some plans the company offers even have 0% interest rates for a certain period.
- The product is available in 16,000 locations across the U.S. and is used by companies such as Volkswagen, Kia, Honda, Cyclegear, etc. According to Sunbit, some client merchants have seen a 2,000% increase in transactions since they adopted the solution.
- Sunbit claims that it approves 90% of its requests and that it takes around 30 seconds to fill out the loan application.
- According to the company, users have to provide a down payment for loans. For example, a $580 loan would require the user to put $180 down.
- Based in Los Angeles, the unicorn has raised $460M since its inception in 2016.
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 A message from REALPHA Invest In the Startup Turning Airbnbs Into An Asset Class Short-term real estate has 70% higher revenue potential than long-term, but massive barriers to entry have kept the everyday investor out. reAlpha’s mission is to give millions of people the opportunity to become part-owners in property through their app-based platform. The company uses machine learning and AI to select the most viable investments, renovate them, maintain them, and allow users to buy shares of them like stocks. But even before they launch their platform, you can invest in the company itself. Along with it's $6 million seed led by multi-billion-dollar real estate group, reAlpha is already revenue generating and has: - A portfolio of vacation properties with a new $200M financing deal (one of the largest in industry history)
- $40.8 million in equity to acquire more properties
- Demand-side community of 50,000
- The only platform giving people an easy way to access the the $1.2 trillion vacation rental market.
Now is your chance to join 50,000 others in the community alongside industry titans as they revolutionize real estate for good. Become a reAlpha shareholder before the December 8th deadline. Invest Here
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Allica Bank has raised a $122M Series C funding round to provide digital banking services to SMEs. The company claims SMEs are ignored by most large financial companies in the U.K. More: - Allica Bank is a digital bank that aims to help SMEs when they need access to capital.
- The company processes over $1B in monthly loans, a feat it achieved less than three years after gaining its banking license, in parallel with reaching profitability in 2022.
- TCV led the funding round, with participation from Warwick Capital Partners and Atalaya Capital Management.
- Allica Bank is based in London, United Kingdom, and has over 250 employees.
- The company has raised over $320M since being founded in 2017.
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SonoThera has raised a $60M Series A to bring its ultrasound-based therapy to the masses. The California-based company aims to find the root cause of human diseases. More: - Its flagship product is a therapy that uses sonoporation, a microbubble-mediated intervention that uses FDA-cleared ultrasound equipment and proprietary acoustic profiles to deliver payloads through a transient pore in a cell membrane.
- According to the company, the procedure is non-invasive to most organs, while it also reduces the cost of gene therapy.
- This Series A round was led by ARCH Venture Partners, with participation from Illumina Ventures, Johnson & Johnson Innovation, JJDC, Vertex Ventures HC, Medical Excellence Capital, Eli Lilly & Company, Alexandria Venture Investments, Lifespan Investments, Formic Ventures, Foothill Ventures, and Wilson Sonsini.
- SonoThera aims to use the funding to optimize its platform, preclinical development, early manufacturing, and its initial launch.
- The company was founded in 2022 and has raised a little over $63M so far.
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 A message from GREENHOUSE Okta achieves hiring goals and a 227% ROI using Greenhouse Recruiting. Find out how you can too. If you’re expanding your customer base and need qualified talent to accomplish those goals, first look into the efficiency of your hiring platform and check if it makes the sourcing of qualified candidates more efficient. Okta, a leader in identity security and user authenticity, has been successfully aligning the pace of hiring to the pace of business growth with the Greenhouse hiring platform while measuring a 227% ROI! Find out how Okta adjusted their hiring strategy and achieved their hiring goals by: - Automating processes to save time, including data entry and reporting
- Providing insights on recruiting metrics to make strategic improvements and
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Today's funding 💵 Artificial Intelligence - Runway (New York), an AI research company that builds tools for creatives to study machine learning: $50M C led by Felicis.
- Chattermill (U.K.), a business Intelligence platform that uses AI to provide consumer insights: $26M B by DN Capital, Ventech, Runa Capital, Btov, SVB, and Blossom Street Ventures.
- Twelve Labs (Seattle), enables users to search for interesting moments in a video: $12M Growth led by Radical Ventures with participation from Index Ventures, WndrCo, and Spring Ventures.
Hardware - Reach (California), aims to create innovative wireless charging technology: $30M B led by DCVC with participation from Y Combinator, Transform VC, and Collaborative Fund.
- Expeto (California), a company that offers tools for enterprises to manage their own network connection: $12M B led by Sorenson Capital with participation from 5G Open Innovation Lab, Samsung Next, and Mistral Venture Partners.
Biotech - Vaxxas (Massachusetts), a biotech company that aims to enhance the effectiveness of existing vaccines: $23M Growth led by OneVentures and UniQuest Pty Ltd.
Fintech - Buckzy Payments (Canada), offers real-time cross-border payments: $14.5M A led by Mistral Venture Partners and Uncorrelated Ventures, with participation from Luge Capital, Blue 9 Capital, and Revel Partners.
SaaS - Apromore (Australia), provides a value-driven process mining software: $10.3M B led by Salesforce.
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Quick Hits: - Final days to invest in the startup disrupting the $1.2T vacation rental industry. Become a reAlpha shareholder before 12/8.*
- Boston-based cloud startup Rezonate has raised an $8.7M funding round led by State of Mind Ventures and Flybridge, with participation from Day Ventures and Merlin Ventures.
- Sales company InsideOut Solutions has been acquired by Harte Hanks, a Chelmsford, Massachusetts-based customer experience company, for $7.5M.
- Paris-based startup ImVitro, a company that aims to improve the IVF process by applying computer vision and data analytics, raised $2.5M in a Seed round led by LDV Capital with participation from MMC Ventures, Tiny VC, Fly Ventures, and Compound VC.
- E-commerce health company Quadropress has been acquired by St.Louis-based Purivitae Ventures for an undisclosed amount. Purivitae is an investment platform that helps identify investment opportunities.
- Taking care of yourself matters, and BetterHelp connects you to a therapist within 48 hours without having to leave home. Get 25% off your first month.*
*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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