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News
London-based Xapien, which uses AI for background checks and due diligence, raised a $56M Series B led by Spectrum Equity
2+ day, 6+ hour ago (12+ words) Top news and commentary for technology's leaders, from all around the web....
Wittington Ventures closes third, $180-million VC fund
2+ day, 8+ hour ago (417+ words) betakit.com Toronto’s Wittington Ventures has closed its third venture capital (VC) fund, securing $180 million CAD to invest in more climate, commerce, consumer, healthcare, and food technology startups at the Series A and B stages. The news: Wittington Ventures managing…...
Socure raises $156 mn at $5.2 bn valuation, acquires AI startup Fravity
2+ day, 15+ hour ago (481+ words) Socure, an AI-powered identity verification and fraud prevention platform, has raised $156 mn in a Series E extension at a $5.2 bn valuation. Summit Partners led the round, with participation from Goldman Sachs Alternatives, Wells Fargo and Docusign. The financing combines primary…...
Hercules Adviser Surpassed $2.3 Billion in Investable Capital:
2+ day, 16+ hour ago (252+ words) HedgeCo.Net Hercules Adviser Surpassed $2.3 Billion in Investable Capital: HedgeCo.Net — Hercules Capital said on September 9 that Hercules Adviser LLC, its wholly owned registered investment adviser, has surpassed $2.3 billion in investable capital after closing equity commitments to Hercules Evergreen Fund,…...
Wonderful raises $550 mn Series C at $5 bn valuation
2+ day, 16+ hour ago (537+ words) Wonderful has raised $550 mn in a Series C funding round at a $5 bn valuation. Insight Partners led the financing, with participation from Salesforce and existing investors Index Ventures, IVP, Vine Ventures, 9Yards and Bessemer Venture Partners. The round follows Wonderful’s Series…...
Savvy Wealth secures $100m in Series C financing
2+ day, 19+ hour ago (289+ words) Proceeds will be used for expanding Savvy Intelligence into more parts of an advisor’s daily work and recruiting technical staff. AI-native advisory platform Savvy Wealth has completed a $100m Series C funding round, with Halo Fund as the lead investor. Existing…...
Luminary Raises $22M to Scale AI Wealth Platform
2+ day, 19+ hour ago (559+ words) The fintech, which launched in 2021, now supports client assets totaling more than $500 billion and plans to further expand its AI capabilities and commercial team. Luminary, an artificial intelligence-native wealth transfer and administration platform, which launched in 2021, has raised $22 million in…...
Seahawk Investments launches dedicated Maritime Credit Fund
4+ day, 18+ hour ago (432+ words) Seahawk Investments announces the launch of the Seahawk Maritime Credit Fund, a Luxembourg-domiciled Reserved Alternative Investment Fund dedicated to providing flexible, asset-backed financing solutions to the global maritime transportation sector. Its first sub fund SMCF I is backed by a…...
Aqua Raises $18.8M to Expand Alts Platform for RIAs
3+ day, 12+ hour ago (243+ words) Aqua calls its platform a turnkey alternative investments platform. The competitive field to build out the tech infrastructure to ease the use of alternative investments in the wealth channel just got a little more crowded as New York-based fintech Aqua…...
Ex-Palantir and AI researchers raise $7.3M for HelmGuard to automate enterprise risk — TFN
3+ day, 18+ hour ago (655+ words) Frontline Ventures, which previously supported Vanta, a compliance company with a market value of $4.15 billion, has now co-led HelmGuard’s seed financing. In a recent interview with Tech Funding News, HelmGuard’s founders have questioned whether Vanta’s method has actually solved the…...