Deal Corner: Lendbuzz Raises $345 Million
Lendbuzz, a financial technology company, which uses alternative data, machine learning, and deep neural networks to provide auto loans for a wide spectrum of borrowers has raised $345 million in a combination of $45 million in equity funding and $300 million in a forward flow facility.
Group 1001 led the investment round with participation from existing investors including, 83North, O.G. Venture Partners, and MUFG Innovation Partners.
AlphaSense Hits $2.5 bn Valuation In Busy Day For AI Funding
AI-driven market intelligence platform AlphaSense locked up a $150 million Series E led by Bond Capital at a $2.5 billion valuation — an increase of nearly 30% from its raise just in April.
The New York-based startup’s market intelligence and search platform — powered by AI and natural language processing — helps clients form corporate and investment strategies.
Bond was joined in the round by existing investors including CapitalG — Alphabet’s independent growth fund — Goldman Sachs Asset Management and Viking Global Investors.
Visa Launches $100 mn Venture Fund For Generative AI Startups
Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) startups, joining a list of investors who have flocked to the sector this year.
Several high-profile names such as Microsoft and Alphabet Google have backed the AI space, a buzzword in technology circles this year, after chatbot ChatGPT’s popularity.
Hong Kong crypto VC opens $100 mn fund for Asian blockchain startups
Hong Kong-based crypto-focused venture capital (VC) firm CMCC Global has raised $100 million to support Asian blockchain startups.
The crypto fund, called Titan Fund, closed its inaugural funding round on Oct. 4, with participation from 30 investors, including blockchain company Block.one, Hong Kong tycoon Richard Li’s Pacific Century Group, Winklevoss Capital, Jebsen Capital and Animoca Brands founder Yat Siu, the South China Morning Post reported.
Blackbird, Crypto Restaurant App, Raises $24 mn in Funding Led by A16z
Blackbird Labs, an app and loyalty program that’s attempting to connect restaurants and their customers via its crypto-powered app, announced Wednesday it has raised $24 million in a series A funding round led by the venture capital firm Andreessen Horowitz (a16z).
Through Blackbird, which is built on Coinbase’s Layer-2 Base blockchain, customers tap their phone on a near field communication (NFC) reader (the devices which allow smartphones to connect to payment readers) and create a non-fungible token (NFT) membership.
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