The Funding Box provides information on venture capital/private equity and startup funding. Here’s a list of top startup funding stories:
1. xagent gets fresh funding
2. Pantera Capital beefs up its Third Venture Capital Fund
3. DoorDash raises funds and doubles its market valuation
4. Israeli startup secures fresh funding
5. AI startup receives new funding
|Artificial Intelligence Image Credit: Geralt/Pixabay|
xagent gets fresh funding
xagent is getting some fresh funding this week. The Reston, Virginia-based provider of a platform for property and casualty agents has announced that it has received $1.2 million in strategic funding. Tribeca Angels and World Insurance led this latest funding round, which still open for qualified agency principals.
Founded in 2015 and based in Reston, Virginia, xagent provides an independent single-entry multi-quote exchange for standard and surplus lines insurance carriers in the US market. The company has already raised a total of $2.1 million in fresh funding from two funding rounds. The company’s investors include Tribeca Angels and World Insurance, a New Jersey-based full-service agency. Terrence Scali and Brian Kapiloff are also investors, according to CrunchBase.
Pantera Capital beefs up its Third Venture Capital Fund
Pantera Capital, a blockchain-focused investment firm, has announced that it has raised around $71.5 million for its Third Venture Capital Fund. Led by CEO Dan Morehead, Pantera has shifted its investment advisory services to focus exclusively on Bitcoin and blockchain-focused companies. Pantera’s major shareholders include Ribbit Capital, Benchmark, and Fortress Investment Group.
Founded in 2003 based in San Francisco Bay Area, Pantera Capital is a blockchain-focused venture capital firm. The company has made a significant investment in projects related to blockchain technologies, crypto assets, and digital currency. Currently, the company lists around 63 investments.
According to a recent SEC filing, around 90 unnamed investors participated in Pantera’s latest offering. The investment firm is looking to raise up to $175 million for its Third Venture Capital Fund, the Cointelegraph reported.
DoorDash raises funds and doubles its market valuation
DoorDash, a US-based on-demand restaurant delivery service, has raised around $250 million in growth funding that values the food-delivery startup at whopping $4 billion. Coatue Management and DST Global led this funding round.
Founded in 2013 and based in San Francisco, California, DoorDash is a San Francisco-based food delivery startup that connects customers with local and national restaurants in more than 1,000 cities across the United States and Canada. The company’s investors and backers include some big names in the venture capital world: Sequoia Capital, DST Global, Charles River Ventures, Softbank, Coatue Management, Kleiner Perkins, GIC, YCombinator, Wellcome Trust, and Khosla Ventures.
In addition to food delivery partnerships with various US restaurants, DoorDash also forged a national grocery delivery partnership with retail giant Walmart. Earlier this month, the startup introduced its Pickup feature as well as it DashPass subscription service.
Israeli startup secures fresh funding
Carbyne, an Israel-based provider of public safety solutions, has secured around $15 million in Series B financing round. Elsted Capital Partners and strategic investor Founders Fund led this latest funding round. Carbyne plans to use the fresh capital to expand its market reach and boosts its R&D efforts. Founded in 2014 and based in Tel Aviv, Israel, Carbyne is a national emergency communication platform. The company’s platform powers a 911/112 call handling platform and other emergency infrastructures. In addition to its Israel head office, Carbyne also operates and maintains offices in Kiev, Mexico, and New York. The company has already raised a total of $23.9 million in fresh funding, according to CrunchBase.
AI startup receives new funding
Socialeads, Inc., a US-based AI (artificial intelligence)and machine learning technology startup, received over $750,000 in seed funding. round. Winnebago Seed Fund led this funding event with some participation from BrightStar Wisconsin Foundation and Northwestern Mutual’s Cream City Venture Capital. The newly raised funds will be used to fuel expansion and expand the company’s operations.
Founded in 2018 and based in Milwaukee, Wisconsin, Socialeads provides an AI technology platform for financial services companies and their advisors. The company has developed an advanced machine learning and natural language processing technology that provides useful insights.