Funding Platforms

Quona Capital, an emerging markets venture capital firm, has closed its Fund III at $332m, which it plans to use to fund financial inclusion in emerging markets.

Capchase, a provider of non-dilutive capital for recurring revenue businesses, has raised $80m in Series B funding.

Tink, European open banking platform, has partnered with money saving app Snoop to help UK customers save money on bills.

Amazon has revealed that its Amazon Catalytic Capital initiative will invest $150m in venture capital funds, accelerators and incubators that provide funding to entrepreneurs from underrepresented backgrounds.

Avanta Ventures, the venture capital arm of CSAA Insurance Group, has unveiled a $225m early-stage fund II, bringing its assets under management to over $300m.

Insurtech Gateway, a champion of early-stage InsurTech startups, has completed the first close of its Seed Fund II which will support 20 teams over the next four years from pre-seed to Series A.

Switzerland-based Foxstone, which offers a real estate crowdfunding platform, has reportedly raised CHF 10m ($10m) in its Series A.

HSBC has launched a Female Entrepreneur Fund which will provide $1bn in lending to female-owned business over the next 12 months.

Outfund, a revenue-based finance provider, has pulled in £115m from a Series A funding round of equity capital and debt.

MassMutual Ventures’ (MMV) Asia-Pacific and Europe team has launched a $300m fund to invest in early and growth-stage companies in digital health, financial technology, enterprise SaaS, and cybersecurity.