Funding Galore: Retrain.ai raises $7 million, TaxBit raises $130M and more

Recent funding this week (8th August-15th August, 2021): Retrain.ai raises $7 million, TaxBit raises $130M and more
Funding Galore: Retrain.ai raises $7 million, TaxBit raises $130M and more

Retrain.ai raises an additional $7M

Retrain.ai, a new-age talent intelligence platform, secured an additional $7M in funding from its existing investors Square Peg, Hetz Ventures, TechAviv, 406 Ventures, Splunk Ventures and Schusterman Family Investments. Adding in the latest round of investment, the company has now raised a total of $20 million.

They plan to use the funds to expand in the United States, hire more workers, and create new goods.

Tracxn Technologies files for IPO with SEBI

Tracxn, a Bengaluru based market intelligence SaaS, has submitted draft paperwork to the Securities and Exchange Board of India (SEBI). The company seeks funds through an initial public offering (IPO). As per  the draft red herring prospectus (DRHP), the initial share sale would be an offer for sale (OFS) of 38,672,208 equity shares by promoter and investor selling stockholders.

The company is a prominent provider of private corporate data market information from the SaaS industry. It is a B2B information platform that discovers, follows, and analyses private market businesses and startups for deal sourcing and due diligence, with the most worldwide coverage in new technology areas, including artificial intelligence, virtual reality, robotics, and blockchain.

TaxBit raises $130M Series B from IVP and Insight Partners

TaxBit, a cryptocurrency tax and accounting software firm raised $130M in a Series B round with a valuation of $1.33B. The round was led by IVP and Insight partners and included other participants like Tiger Global, Paradigm, 9Yards Capital, Sapphire Ventures, Madrona Venture Group, and Anthony Pompliano.

TaxBit’s plan to expand its multi-channel ecosystem of tax and accounting services for enterprises, consumers, and governments with the fresh monetary inclusion. It also intends to double its staff by the end of the year and build additional offices in both the United States and the United Kingdom and drive international expansion.

Kronologic raises $20M in seed funding from Signal Peak Ventures

Kronologic, an innovative calendar modernization platform to convert sales leads into meetings, has announced an additional seed funding amount in a round led by Signal Peak Ventures that takes the total amount to $20 million. The company intends to solve the last mile vows in digital sales, through its platform that provides users with customizable meeting scheduling options. The company plans to use the funds to develop its AI platform that helps users and businesses convert their sales leads into appointments.

The proceeds from the funding would be used to fuel the continued success of the company’s Calendar First™ technology, keeping them on track to triple its annual revenue for the second consecutive year. 

FUSE Autotech raises $10M in Series A from Target Global

FUSE Autotech has raised $10M in Series A funding. The platform is redefining car buying processes by automating the entire automotive purchase process and finance experience. The funding round is led by Target Global.

The funding round is initiated to accelerate the development of its SaaS-based AI fintech platform to automate car buying finances and redefine the experience. FUSE also aims to expand its product and R&D teams using the proceeds.

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