The Funding Box: The Latest Startup And Funding Stories

The Funding Box provides information on venture capital/private equity and startup funding. Here’s a list of top startup funding stories.

US startup Harper Wilde has received $2 million in seed funding. CRV led this funding event. The company plans to use the new funds to expand its marketing reach and build its workforce. Launched in 2017, Harper Wilde is a US-based startup that provides a no-fuss bra in several sizes and colors designed for women. Additionally, Harper Wilde also offers free home try-on of three bra options (with free returns), according to the company.

 
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Automation Anywhere, a robotic process automation (RPA) startup, has just received $250 million in fresh funding. New Enterprise Associates and Goldman Sachs led this latest funding round.
The San Jose, California-based startup provides software robots, or bots, that help automate business processes.

The company plans to use the new capital to boost customer engagements in regions like North America, India, Europe, Australia, Japan, South Korea, and Singapore. Additionally, the company also plans to invest in “specialized” machine learning capabilities and new integrations technology.

Aikucun, an online distribution platform, has raised $87 million in fresh funding led by Legend Capital. In addition to Legend Capital, Eastern Bell Venture Capital and state-owned conglomerate investment enterprise C&D Corp have also participated in this latest funding round.

Launched in 2017, Aikucun is an online distribution platform that connects fashion brands and professional online shoppers to help brands reduce their inventories. The company promotes their goods on Tencent-owned social media app WeChat. The company takes care of product details, which include images, product descriptions, marketing materials and even after-sale service.

Singapore-based startup Trax has raised $125 million as it advances plans for an initial public offering (IPO), which expected t take place in the next few months. Boyu Capital led this latest funding round.

According to Bloomberg, Trax’s IPO could take place in the next 18 to 24 months. The company. The company has been working with both the Nasdaq and New York Stock Exchange. The company is valued at close to $1 billion, the website said.

Based in Singapore, Trax is a global leader in image recognition technology, which is being used by global consumer packaged goods companies, such as Coca-Cola Co. and Nestle SA. The company currently claims over 175 clients in 50 countries. The company’s technology allows tighter execution controls in-store and effective market measurement services. In addition to mobile devices, the company has also made some partnership with leading IoT-focused companies.

Trax has offices in North America, Europe, Asia Pacific region, Middle East, and South America. Its clients include Coca-cola, Nestle, Henkel, Heineken and more.

Fintech startup Airwallex has raised $80 million in its Series B funding round. Chinese internet giant Tencent and Sequoia China led this latest funding round. HillHouse, Horizons Ventures, Central Capital Ventura (BCA) and Square Peg also participated on this latest funding round. Airwallex’s latest funding round is the second-largest financing deal for an Australian-based startup in history, according to TechCrunch.

Airwallex is a three-year-old, Melbourne-based fintech startup that focused on international payments for SMEs and businesses. The Australian company handles cross-border transactions for companies that operate in multiple countries. The company plans to use the fresh capital to accelerate the expansion of its cross-border payment technology in the North American region and the UK.

Photo by Olya Kobruseva on Pexels.com

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