Avii Announces First External Funding from Blue Diamond Capital

Avii™ (www.avii.com), provider of the Avii Workspace™ unified SaaS platform for tax, audit, advisory, compliance and management consulting firms, has taken in its first external investment. The new infusion from Blue Diamond Capital LLC (www.bluedicap.com), of Provo, Utah, joins more than $2.5M in internal funding from operational profit. It will accelerate hiring of key marketing, sales and software development positions to support the company’s rapid growth during 2020. Amount and terms of the agreement were...

Insurance Disruptor RenewBuy Raises $19 Mn From Lok Capital, IIFL AMC

The investment will enable RenewBuy to expand into 1000 cities by 2022 Series A investor Amicus Capital also took part in this round The company claims to have over INR 500 Cr in annualised premiums currently Gurugram-based insurance tech startup RenewBuy has secured INR 130 Cr ($19 Mn) in funding from Lok Capital, IIFL AMC and existing investors in a Series B round. Amicus Capital, which had invested INR 60 Cr in RenewBuy during their Series...

B2B Fintech Startup Razorpay Raises $75 Mn From Ribbit Capital, Sequoia

B2B fintech startup Razorpay has reportedly raised $75 Mn (INR 525 Cr) in a Series C round of funding co-led by Ribbit Capital, the US-based financial technology investment firm and Sequoia India, taking the total funding raised so far by the B2B fintech startup to $106.7 Mn. Existing investors New York-based Tiger Global Management and Y Combinator’s Continuity Fund also participated in the latest funding round. The reports around Razorpay raising a funding round of...

Fireblocks emerges from stealth mode with $16 Million in funding

Fireblocks (www.fireblocks.com), an enterprise platform for securing digital assets in transit, announced today its launch out of stealth mode with $16 million in Series A funding from Cyberstarts, Tenaya Capital, Eight Roads (the proprietary investment arm of Fidelity International), Swisscom Ventures and MState. Fireblocks’ customers, which count some of the largest institutional digital asset trading operators like Galaxy Digital, Genesis Global Trading and more, use the platform to safeguard the digital assets in its portfolio as it is moved across exchanges, OTCs,...

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