Fundraising

Flex, a Brex for business owners, has raised $25M at a $250M valuation

Fundraising /

Flex, which offers personal finance software and payments infrastructure for business owners, has raised $25 million in equity funding while securing a $200 million credit facility, it told TechCrunch exclusively. The equity funds were raised at a valuation of “just under $250 million.” The company last raised a $20 million Series A announced in September […]

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Grain emerges from stealth with $50M to help any business hedge against FX volatility

Fundraising /

Foreign exchange fluctuations can make or break a business that trades across borders, but keeping up and responding to the FX market can be tricky if you’re anything smaller than the world’s largest enterprises. Today, a startup called Grain is emerging from stealth with a product that it says will let finance teams at companies

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Darwinbox, the HR upstart from India, raises $140M to take on Deel and Rippling

Fundraising /

Darwinbox, an Indian startup building a SaaS platform for hiring, onboarding and employee administration, has raised $140 million to take on the likes of Rippling and Deel as it seeks to expand internationally, especially in the U.S. The funding is being co-led by KKR and Partners Group, and is a mix of primary and secondary

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Defense tech startup Epirus raises $250M Series D to counter drone swarms

Fundraising /

Defense tech startup Epirus, which specializes in anti-drone systems, has raised an oversubscribed $250 million Series D, it told TechCrunch. Epirus, based in Torrance, California, was previously valued at $1.35 billion for its $200 million Series C in 2022, per its announcement at the time. Epirus did not give a specific valuation for this round,

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Quantexa nabs $175M at a $2.6B valuation to double down on data analytics for AI

Fundraising /

London startup Quantexa has made its name over the years with an enterprise platform that employs AI and data analytics to fight money laundering and fraud. Today, it is announcing new funding of $175 million to double down on that business while also moving deeper into another hot area: using its technology to help organizations

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Didi reportedly seeking funds for self-driving unit at $5B valuation

Fundraising /

Chinese ride-hail firm Didi is on the hunt for fresh funds for its autonomous vehicle technology unit that could value it at $5 billion, according to Bloomberg News. Investor interest in self-driving cars is high in China on the backs of IPOs from WeRide and Pony AI, which have a market capitalization of $4.7 billion

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Swap banks $40M to build tools for merchants to deal with tariffs and other cross-border trading nightmares

Fundraising /

Cross-border trade could become significantly more challenging with the wave of new tariffs getting introduced across different markets. Today, in a timely piece of news, a London-founded startup called Swap — which is building tools for e-commerce companies to better navigate the cross-border trading world — is announcing $40 million in funding to expand. Iconiq

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Hotel management platform Mews books $75M round led by Tiger Global

Fundraising /

Despite clouds of uncertainty looming over the economy and geopolitics, people still want to travel. To meet that demand, Mews, an Amsterdam-founded ‘unicorn’ building an SaaS platform for hotel management, has raised a fresh $75 million. The funding is coming at a crossroad in the travel industry. On one hand are positive signals. Analysts at

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Cino cracks bill-splitting at the moment of payment, raises seed round

Fundraising /

While Venmo or Splitwise are effectively ‘debt collector’ tools, which require one person to pay a full bill and then request funds from others, neither have cracked bill-splitting at the moment of payment. European startup Cino, which has come up with just such a product, has now raised €3.5m in a Seed funding round led

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Dutch startup QuantWare seeks to fast-track quantum computing

Fundraising /

Big tech companies aren’t sleeping on quantum chips: Amazon Web Services introduced Ocelot; Microsoft, Majorana; and Google, Willow. But although all of these can be considered to be breakthroughs, quantum startups often focus on more practical advancements — and they are making progress. Founded in 2020, Dutch startup QuantWare is one of these, which claims

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