Novacap strikes C$260m first close for debut financial services fund
Canadian private equity house Novacap has hit a C$260m first close for its debut fund focused on financial services investment – just a couple of week after raising C$940m for its latest ‘industries’ vehicle.
Gobi Partners said to hit $50m first close for tech-focused fund
Venture Capital investors Gobi Partners has reportedly held a first close on its new Meranti ASEAN growth fund, hauling in $50m, a quarter of the way to its $200m target.
Reinventure closes second $50m fund for Australian FinTech
Australian venture capital firm Reinventure has reached a close for its second $50m fund to continue investing in Australia and New Zealand-based FinTech startups.
Acrew Capital backs HYCU in $53m Series B
HYCU, a company that helps organisations protect their data, has raised $53m from a Series B funding round.
Zip extends global reach into India with ZestMoney investment
Australian buy now, pay later (BNPL) company Zip has invested $50m into Indian BNPL firm ZestMoney to expand its global grip on the payment market.
Stripe and Max Levchin back Balance’s $5.5m seed raise
B2B payments FinTech Balance has secured $5.5m in seed capital from Stripe, Tal Morgenstern of Lightspeed, and Max Levchin through his SciFi VC.
Lending Club, Funding Circle investor USV raises more than $428m across new funds
Union Square Ventures has pulled in more than $428m of new capital across a pair of vehicles.
500 Startups looks to raise another $25m FinTech fund
Early-stage VC and accelerator 500 Startups is raising another $25m FinTech-dedicated fund, according to an SEC filing.
Darwinium scores $10m in seed funding haul
Darwinium, a US-based startup specialising in customer protection, has netted $10m in a seed funding round led by Airtree and Blackbird.
Flutterwave bolsters valuation to $3bn as it pockets $250m
African FinTech Flutterwave has secured $250m in funding as it looks to expand its activities in mergers and acquisitions and grow its customer base.
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