Digital pensions platform Penfold raises $8.5M Series A
A group called Bridford Group invested $8.49 million in Penfold, a digital pensions platform, in an Series A funding round. Penfold not only got funding from Jeremy Coller, the Chief Investment Officer and Chairman of Coller Capital, but also through a crowdfund among their customer base. The extra funding will be used to expand their […]
London-based Ophelos raises £5M led by AlbionVC to resolve Debt Crisis with AI
London-based Ophelos that uses AI to resolve the existing debt crisis in the UK has raised £5 million in seed funding. The round was led by AlbionVC (which backed Speechmatics and RegGenome). The round also saw participation from Vast Ventures, an early investor in Coinbase and Tala, regulatory and public policy experts Form Ventures, as well as existing […]
Sequoia Capital India and Founders Fund back UAE-based PropTech Startup Huspy in its $37M Round
Founders Fund has made its first investment in the Middle East by backing UAE-based proptech startup Huspy. The $37 million Series A Round, one of the largest at this stage in MENA, was led by Sequoia Capital India. The round also welcomed participation from Fifth Wall, the largest VC firm backing real estate and proptech startups. Chimera Capital invested in the company […]
Goldman outpaces banking backers, leading $225M funding in new Unicorn AlphaSense
AlphaSense, the New York-based leading market intelligence and search platform has just recently closed its $225M Series D funding round. The Growth Equity arm within Goldman Sachs led this round alongside Viking Global Investors and now ranks the company as a unicorn at a $1.7B valuation. The amount also includes a substantial debt investment earlier […]
Credit.com Parent Cuts Jobs As Tech Layoffs Mount
Credit report repair company Progrexion quietly laid off more than 100 employees last month.The Salt Lake City-based company, which is owned by Private Equity Firm H.I.G. Capital, cut staff across multiple departments, according to documents dated May 5.It’s unclear what percentage of the company is affected by the layoffs. The company uses technology to monitor and fix credit […]
