CIM Secures AU$10 Million in Funding
CIM, a company that has developed a property operations software solution that promotes team collaboration and helps accelerate the journey towards achieving net-zero emissions, has successfully closed its Series A funding round, raising AU$10 million.
The round was led by Five V Capital, with participation from Carthona Capital and seasoned property executives like Mark Steinert, the former CEO of Stockland.
CIM plans to use the new capital to expand its business operations in Asia and North America. Additionally, the company will expand its team and is expecting to double its current headcount over the next 12 months.
Sonder Secures $35 Million in Series B Funding
Sonder, a company that provides innovative accommodation solutions, has successfully raised $35 million in its Series B funding round. Blackbird Ventures led the funding round, with SEEK Investments and SecondQuarter Ventures also contributing as new investors.
As part of the deal, Niki Scevak from Blackbird Ventures will join Sonder’s board of directors.
NSW Businesses Receive $9 Million in Funding for Plastic Recycling
Businesses in New South Wales (NSW) will have access to modernized operations and cutting-edge plastic recycling technology, thanks to a $9 million loan provided to them. The aim is to boost the recycling of plastic and the creation of new products from recycled materials in the region.
VC Funding for Indian Startups Exceeded $995 Million in August
In August, 128 Indian firms raised over $995 million in venture capital funding, according to GlobalData, a data and analytics company. The amount raised in August was 9.7% higher than the previous month.
Between January and August 2022, India reported 1,239 VC financing agreements, with the announced funding value amounting to USD 17.7 billion
Deep Rooted Raises $12.5 Million in Series A Funding Round
Agritech firm, Deep Rooted, has successfully raised $12.5 million in its Series A funding round led by IvyCap. Existing investors including Accel, Omnivore, and Mayfield have also contributed to the fundraising round.
The funds raised will be used by Deep Rooted to expand its operations in southern India, strengthen its technology stack, and expand its team in marketing, technical, and business development departments.
Bhanzu, an Edtech Startup, Secures $15 Million in Series A Funding
Bhanzu, an Indian edtech company that specializes in math education, has secured $15 million in its Series A funding round. The round was led by Eight Roads Ventures, with participation from B Capital’s Ascent Fund.
In the previous year, Lightspeed Venture Partners sponsored a $2 million seed round, which was used to help the company expand its virtual classrooms and accelerate recruitment. Bhanzu currently has a workforce of approximately 400 employees.
Petition Seeks $10 Million in Private Investment for SpaceX, Owned by Elon Musk
Elon Musk’s SpaceX has received a petition to consider private investments of nearly $10 million as more individuals join the US crowdfunding movement.
If Space Exploration Technologies Corp (SpaceX) agrees to a public equity crowdfunding campaign or opens its shares to a secondary market for private securities, it would mark a significant milestone for equity crowdfunding since it was made possible by the JOBS Act of 2012.
According to Pitchbook data, equity crowdfunding raised $113.52 billion last year, a year-on-year increase of 1,021%. Meanwhile, Forbes reported that the private securities market reached a record $7 trillion last year and is expected to reach $30 trillion by 2030.