Deal Box launches $125M venture fund to invest in Web3 startups

Plus: Wallapop raises $87M Series G to expand its second-hand marketplace platform

Inside.com Part of   Network January 23, 2023

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Deal Box has launched a $125M venture fund to invest in Web3 startups. The company is based in Carlsbad, California. More: Deal Box is an investment company that also offers services such as cap table management, data analytics, etc. The firm invests in five sectors: Emerging Growth, Real Estate, Social Impact, FinTech, and FunTech. Deal Box has invested in over 500 companies, including Total Network Services, Rypplzz, Forward-Edge, NFTys, RYU, etc. The company was founded in 2005 and has invested $200M so far.

Wallapop has raised an $88M Series G to expand its second-hand marketplace platform. The company is now valued at $771M. More: Wallapop is a mobile-based second-hand item marketplace.  The company claims it has 15 million monthly users and has processed over 100 million transactions. Wallapop aims to use this funding to expand in Southern Europe. The company is based in Barcelona, Spain. Korelya Capital led the funding round, with participation from Accel, 14W, and Insight Partners also led the funding round.

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Mad Mobile has raised $20M to help restaurants and retailers increase their sales. The company has over 21,000 clients, including names such as Ralph Lauren and Urban Outfitters. More: Mad Mobile offers software that helps restaurants and retailers provide features such as online reservations, online ordering, curbside pickup, mobile payment, etc. In addition to Ralph Lauren and Urban Outfitters, the company's client list also includes brands such as: Pandora Tractor Supply, Meijer, Texas Roadhouse, Talbots, Aramark, Estee Lauder, Signet Jewelers, PF Chang's, Brooks Brothers, Ike's Love & Sandwiches, Snipes, West Marine, etc. Mad Mobile has partnerships with companies such as Apple, SalesForce, Epson, etc. Eastward Capital Partner led the funding round. The company is based in Tampa, Florida, and was founded in 2010.

Link has raised a $20M Series A to offer low-fee digital bank transfers. The platform has processed billions of dollars in transactions since its inception in 2021. More: Link offers an open banking platform through which users can reduce their transaction fees by as much as 80%, according to the company. Link claims that if its product LinkPay were to be used for 10% percent of online transactions, merchants would save $2.75B a year.  The company has over 500,000 base customers who complete an average of 12 transactions per year. Tiger Global is also an investor in the company, having invested in its previous Seed round. Valar Ventures led this Series A funding round.

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💵 Today's funding: E-commerce Oro, Inc. (California), an open-source B2B digital commerce platform: $13M Growth led by Zubr Capital, with participation from Highland Europe. SaaS weavix (Kansas) provides data and a proprietary communication system that helps companies and manufacturing teams become more efficient: $10M A led by Koch Disruptive Technologies. Architect Financial Technologies (Illinois), a provider of assisting software for stock traders: $5M Growth led by Circle Ventures, Coinbase Ventures, SV Angel, SALT Fund, P2P, Third Kind Venture Capital, Motivate Venture Capital, and angel investors.  PlasmaBound (Ireland), automation machinery manufacturing company: $3.3M Growth led by. Business Venture Partners, Act Venture Capital, Atlantic Bridge, and Enterprise Ireland. Cypris (New York), a market intelligence platform that provides data on different markets and companies: $4M A led by York IE with participation from Activate VP, K20 Fund, and BlueTree Capital. Health tech Ferronova (Australia), a medical technology company that aims to help doctors locate tumors more accurately: $7.7M Growth led by Uniseed with participation from Artesian Venture Partners. HR Skillit (New York), a recruiting platform for construction labor: $5.1M Seed led by Building Ventures with participation from MetaProp, HOLT Ventures, Great North Ventures, 1Sharpe Ventures, and Takeoff Capital. Artificial Intelligence  GoodOnes (California), uses Ai to free up storage in digital devices: $3.5M Seed led by TLV Partners with participation from Liquid2 Ventures and angel investors. Apparel Oya Femtech Apparel (California), a performance wear brand that aims to help female consumers avoid health issues caused by training in sports clothing: $1.3M Pre-Seed led by Sixers Innovation Lab, with participation from REI Path Ahead Ventures, R/GA Ventures, and Techstar Sports.

Quick Hits: Employee training is crucial, but building a scalable program for it is complex work. Use this checklist to take yours to the next level.* Exterro (U.K.), which provides Legal Governance, Risk, and Compliance software, closed an undisclosed acquisition of Zapproved. Missouri-based public-sector tech solutions developer Ion Wave Technologies has been acquired by GTY Technologies, a SaaS company based in Chicago. The amount remains undisclosed. New York-based music agency Premier Music Group has raised an undisclosed funding round from MEP Capital. Israel-baed cloud company TeraSky has received an undisclosed investment from Boston-based private equity firm AbryPartners. Revolutionary Talent is the Future of HR. Are you ready to tackle your goals for 2023?* *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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