Recently, the fintech sector has seen a flurry of fundraising activity. For example, expense management startup, Ramp, secured a substantial $500 million in a Series E-2 funding round, skyrocketing its valuation to an impressive $22.5 billion. In another development, Latvian biometric startup, Handwave, raised €3.6 million in Seed funding, aiming to enhance its palm-based payment and identity platform. Additionally, TACEO, an Austrian startup specializing in secure computation on encrypted data, wrapped up its Seed funding round with a notable €4.8 million.
Ramp Raises $500 million in Series E-2 Round
Ramp secured a significant $500 million in a Series E-2 funding round. The primary investors remain undisclosed. Read more.
Ramp, an expense management startup, successfully raised $500 million in a Series E-2 round, boosting its valuation to a robust $22.5 billion. This funding round follows closely after the company’s previous fundraising event. The investors’ identity remains undisclosed. This continuous fundraising highlights the potential of Ramp’s AI-driven expense management solution in the competitive fintech market.
Handwave Secures €3.6 million in Seed Round
Handwave, a Latvian company, bagged €3.6 million in a Seed funding round. Key investors include Practica Capital, FirstPick, Outlast Fund, Inovo.vc. Read more.
Handwave, a Latvian biometric startup, secured €3.6 million in Seed funding. The funds will help launch its innovative palm-based payment and identity platform in Europe and the US. Regional investors, led by Practica Capital, along with FirstPick, Outlast Fund, and Inovo.vc, supported this round. The funds will aid in product development, regulatory certifications, and other essential business operations.
TACEO Raises €4.8 million in Seed Round
TACEO, an Austrian startup, garnered €4.8 million in a Seed funding round. Investors in the round include Archetype VC, a16z CSX, Cyber.Fund, A.Capital Ventures, Polymorphic Capital. Read more.
TACEO, an Austrian startup specializing in secure computation on encrypted data, announced the completion of its €4.8 million Seed funding round. Archetype VC led the round, with participation from a16z CSX, Cyber.Fund, A.Capital Ventures, Polymorphic Capital, and several influential angel investors.
