B2B Marketplaces Lead Enterprise Capital Roundup

2021 continues to be a busy 12 months for B2B FinTechs and their buyers, with this week securing practically $300 million in mixed funding for the sector. Newly-funded B2B startups embody marketplaces providing a variety of providers, from funding to expertise, in addition to know-how corporations trying to streamline the B2B fee workflow. But it surely was an India-based digital B2B market within the manufacturing area that scored the biggest spherical of the week.


India-based Taskmo provides a B2B digital market for companies to go looking and ebook outsourced professionals. Whether or not in want of gig staff of execs that may full a single activity, the portal provides on-demand entry to task-based expertise. The corporate lately introduced a $1.Four million funding spherical supplied by Quess Corp, which, because the nation’s largest private-sector employer, can even assist Taskmo broaden lead technology. Along with entry to expertise, the platform additionally facilitates on the spot funds between a enterprise and the skilled or gig employee. The brand new funding will assist the corporate broaden its infrastructure and develop its consumer base, the agency mentioned.


Primarily based within the U.Ok., Sirenum provides a platform for companies to handle their shift staff. The corporate has simply raised $2.7 million in funding from former Tesco CEO Sir Terry Leahy, in addition to the William Currie Group, in keeping with UK Tech stories. Sirenum mentioned it plans to deploy the funding to broaden throughout borders and spend money on product improvement, with the corporate highlighting new alternatives available in the market, for example the emergence of vaccination facilities, for companies to undertake the answer.


Cybersecurity threat mitigation resolution supplier DynaRisk, which targets each small companies and customers, has secured $three million in seed funding led by Nexus Investments, the corporate mentioned. Current backers Insurance coverage Capital Companions and Jonathan Marland additionally participated. DynaRisk collaborates with InsurTech companies to ship threat administration options for insurance coverage firms that present cyber insurance coverage. With dangers like ransomware assaults on the rise, DynaRisk is planning to broaden its footprint due to the funding, with an eye fixed on launching within the North American market.


Working within the more and more widespread embedded financing market, Banxware, which targets the small enterprise lending area, has secured $4.79 million in seed funding. TechCrunch reported that Drive Over Mass and VR Ventures led the spherical, whereas HTGF and numerous non-public buyers additionally participated. Having launched in December, Banxware works with marketplaces, fee service suppliers and different platforms to imbed SMB lending capabilities inside their very own options. The funding will go in the direction of the additional improvement of its white label providing, increasing its workforce, and introducing new options primarily based on card merchandise.


Steadiness, a B2B FinTech that enables companies to combine a variety of B2B fee performance, together with providing a wide range of fee strategies in addition to customized phrases, has revealed a $5.5 million funding from Lightspeed’s Tal Morgenstern, Stripe and Max Levchin’s SciFi VC. Reviews in TechCrunch mentioned the corporate goals to simplify B2B transactions in instances the place distributors have to supply phrases or commerce on credit score.


Brazil-based Monkey operates a digital monetary market for companies to entry receivables financing. The corporate revealed $6 million in Sequence A funding raised by Quona Capital and Kinea Ventures. Concentrating on small and medium-sized enterprises, Monkey’s provide chain financing providing pairs small companies with giant corporates that may buy their receivables in a aggressive ecosystem. The corporate mentioned it’s going to use the funding to broaden its workforce and broaden operations all through Latin America, TechCrunch stories mentioned.


Accounting know-how startup Lockstep has introduced a $10 million Sequence A funding spherical led by Level72 Ventures, whereas Clocktower Ventures and Revel Companions additionally participated. The corporate provides bill processing with integration into ERP and accounting platforms, focusing on accounting departments with know-how to reinforce accounts receivable and accounts payable workflows The corporate mentioned it’s going to use the funding to spend money on product improvement.


California’s WorkStep provides a platform for organizations to supply expertise for his or her provide chain operations. This week the corporate introduced FirstMark Capital led a $17 million funding spherical, whereas present backers at Prologis Ventures additionally participated. The money is a mixture of seed and Sequence A funding, and WorkStep mentioned it’s going to use the funding to broaden its personal workforce and to strengthen its underlying know-how.


Small enterprise ERP (enterprise useful resource planning) FinTech Holded has secured practically $18 million in Sequence B funding, TechCrunch stories mentioned. The agency provides a variety of B2B options, together with an ERP, invoicing, stock and accounting know-how. Primarily based in Spain with recently-expanded operations in France, Holded landed the funding from Elaia, whereas Lakestar, Naura Capital and SeedRocket additionally participated. The corporate did not reveal what it plans to do with the funding.


Monetary know-how agency Narmi, which gives digital banking know-how for monetary establishments, has introduced a $20.Four million Sequence A funding spherical led by New Enterprise Associates. A press launch mentioned Patriot Monetary Companions, Picus Capital, Contour Ventures and Firebold Ventures additionally participated, as did numerous executives at different FinTechs. With a concentrate on API integration, Narmi connects banks to cloud-based platforms for an array of workflows, together with digital account-opening, enterprise and shopper banking, and administration. The agency mentioned it’s going to deploy the funding to broaden its present providing to banks and credit score unions.

Constructed Applied sciences

Concentrating on the development trade, Tennessee’s Constructed Applied sciences provides a financing and fee resolution that has simply attracted $88 million in Sequence C funding. Buyers at Addition, whereas Canapi Ventures, Index Ventures, Goldman Sachs Funding Companions, Nyca Companions, Fifth Wall Ventures and 9 4 Ventures additionally participated. Constructed mentioned it’s going to use the funding to additional its funding in the way it gives monetary applied sciences and options for development firms together with builders and homebuilders, with plans to broaden its Constructed For Lending product suite.


India-based Zetwerk landed the biggest funding spherical this week with a $120 million elevate for its B2B digital market. The corporate targets the manufacturing trade, mentioned TechCrunch, connecting unique tools producers and engineering procurement development firms with SMBs and enterprises within the manufacturing house, enabling patrons and sellers to attach and commerce customized tools. The Sequence D funding was led by present backers Greenoaks Capital and Lightspeed Enterprise Companions, whereas present buyers Sequoia Capital and Kae Capital additionally participated.



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