 Spectrum Equity, an investment company based in Boston, has closed its new fund valued at $2B. The fund will be officially named Spectrum Equity X, L.P. More: - The firm received funds from previous investors as well as first-time outside investors.
- Spectrum focuses on backing internet-based companies that aim to disrupt a number of different verticals such as education, financial services, healthcare, and logistics.
- Founded in 1993, the company manages $8B in assets, while its average equity investment is $25M-$150M.
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 Audacity has launched a new $60M fund. The India-based VC firm will focus on media tech companies that are raising their Series A round. More: - Besides media tech, the firm will also focus on SaaS, gaming, Web3, etc.
- The fund will invest in startups in their late-seed and early Series A funding stage. It has already invested in the video editing platform VideoVerse. Audacity's two main geographical areas of interest are the U.S. and Asia.
- Audacity is located in India and Singapore.
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Healthcare startup Syapse has raised $35M. Syapse is a startup that aims to improve the way cancer patients undergo treatments and rehabilitation. More: - The startup raised a growth round led by Innovatus Capital Partners with participation from Ally Bridge Group, Merck Global Health Innovation Fund, Northpond Ventures, Revelation Alpine LLC, Safeguard Scientifics, and Social Capital.
- Syapse aims to improve the experience of cancer patients starting from the process of using therapeutical medicine up to the recovery process after going through surgery. The company believes that by using its data-first approach, it will be able to create experiences that will not only be better but will cost less than they do today.
- Syapse has worked with clients such as Pfizer, Amgen, Amita Health, Advent Health, etc.
Zoom Out: - Boosted by COVID-19, healthcare startups in the U.S. alone raised over $28B in 2021.
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Pakistani fintech startup Dbank has raised a $17.6M seed round. The funding round was led by Sequoia Capital Southeast Asia with participation from Kleiner Perkins, Askari bank, and Nubank. More: - Dbank aims to provide financial services for more than 100 million people in Pakistan who are currently unbanked.
- The company's two co-founders have previously worked at Google, being involved with financial projects. Now the two founders want to take advantage of their experience and the newly announced license for digital banks given by the Pakistani Central Bank.
- Pakistan has the world's fifth largest population and one of the highest percentages of unbanked citizens, making Dbank a potentially revolutionary company for the market.
Zoom Out: - Pakistan's startups raised a record amount of $365M in 2021, a considerable increase from the $65M they raised in 2020.
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Today's funding 💵 SaaS - MenuSifu (New York), a POS platform that provides sales insights for startups: $20M B round led by Challenjers Venture.
- Paragon (California), a company that provides a software platform that makes integrating APIs easier: $13M A led by Inspired Capital.
- ChiselStrike (California), provides software that enables developers to create open-source backend technology: $7M Seed led by Norwest Venture Partners with participation from Blumberg Capital, Jamstack Innovation Fund, Essence VC, First Star Ventures, and Mango Capital.
- Shypyard (New York), provides business planning products for merchants: $3M round led by Gradient Ventures with participation from Liquid 2 Ventures, and Position Ventures.
- Qwili (South Africa), a startup that enables small businesses in Africa to access sales tools: $1.2M Seed led by E4E Africa, with participation from Strat-Tech, Next Chymia, Untapped Global, and Codec Ventures.
Climate tech - Root Global (Berlin), provides software that enables food manufacturers, suppliers, and retailers to create carbon scores and keep track of their carbon footprint: $2.6M Pre-Seed led by Nucleus.
- Huue (California), a producer of sustainable dyes based on innovative biotechnology: $14.6M A led by Material Impact with participation from Climate Tech VC, IndieBio, iGlobe, and other angel investors.
Health Tech - Bryte (California), a sleep technology startup that aims to improve sleep through personalized data: $20M strategic round led by Tempur Sealy International with participation from ARCHina Capital.
Hardware - Finwave Semiconductor (Massachusetts), aims to improve the output of 5G, autonomous cars, AI, etc. while reducing their cost: $12.2M A led by Fine Structure Ventures with participation from Citta Capital, Soitec, Safar Partners, and Alumni Ventures.
Web3/Crypto - Sumo Signals (U.K.), provides an AI solution that helps crypto traders make better trades: $5.5M funding round led by OnDeck Venture.
Transportation/Mobility - LEAP24 (Netherlands), a company that aims to make clean mobility easier through its solution for charging stations: $15.2M strategic round led by Meewind.
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Quick Hits: - Jennifer Lopez's and Aaron Rodgers' newest bottled coffee investment. Get 30% off two 12-packs!*
- Switchboard has raised a $25M funding round. The cloud-based coworking startup's Series A was led by Icon Ventures.
- Trustless Media has raised a $3.25M Seed funding round. The New-York based startup has built a platform that can be accessed by fans through purchasing NFTs.
- RXLIve, an AI solution for medication management, telehealth services, and pharmacies, has raised $5M in a Series A round led by Springtide with participation from Cardinal Health.
- 86 Repairs raised $15.2M in Series A funding led by Storm Ventures with participation from Savory Fund, Lightbank, TDF Ventures, Gordon Food Service, Cleveland Avenue, and MATH Venture Partners.
- Your content management system could be doing more. Discover who has the best agile CMS for you and your teams with our checklist.*
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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 Ford. | |
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