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Daily funding roundup – May 19th, 2020


Regulus Cyber secured $4M; Electric has raised $7M; Quartz Systems landed $7.8M

Electric: Electric is an automated IT platform for enterprises based in NY. Electric has raised $7 million Series B round. Earlier backers 01 Advisors led the round, with participation from the Slack Fund. Electric had originally raised a $25 million Series B round led by GGV in January of 2019. In March of this year, just before the lockdown, the company says it reopened the Series B at a higher valuation to make room for 01 Advisors. Read more 

Fly Now Pay Later: Fly Now Pay Later is a payment tech startup that allows travelers to pay for their bookings over monthly installments after a quick credit check based in London. Fly Now Pay Later has raised £5 million in Series A equity funding and another £30 million in debt funding. Revenio Capital led the round, joined by Shawbrook Bank and BCI Finance. Read more 

Gatt Technologies: Gatt Technologies develops surgical hemostats and sealants based in the Netherlands. Gatt Technologies has raised €10.5 million in Series B funding led by NGI, with participation from J&J Innovation and Oost. Read more

Daily funding roundup - May 19th, 2020

Quartz Systems: Quartz Systems is a  tech company that says it’s leveraging advanced perception systems to understand everything on a construction site. San Francisco-based company has raised $7.8 million in pre-seed and seed funding. Baseline Ventures led the round, joined by investors including Lemnos, Felicis Ventures, and Bloomberg Beta. Read more

Regulus Cyber: Regulus Cyber an anti-virus software that aims to secure the communication and sensor suite of autonomous cars and trucks, robots, and drones. Israel-based company has raised $4 million in funding led by SPDG Ventures, with participation from both partners and all previous investors. Read more

Pennylane: Pennylane brings together accountants and tech to help startup founders and small business owners manage their administration. Paris based company has raised €4 million ($4.3 million) in funding from Global Founders Capital, Partech and Kima Ventures. Read more

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to kristin@vator.tv. If you want a longer write-up, please do give us a couple of days heads up. If you’d like to be included in our Today’s Entrepreneur column, please send me your Vator profile.

Photo by Austin Distel on Unsplash

Source: http://feeds.vator.tv/~r/vatortv/news/~3/4C21JiJwNZM/2020-05-19-daily-funding-roundup-may-19th-2020

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