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Jarrod Webb – Founder & CEO of Blinq

Funding roundup May 16 – May 20: Curious Thing, Clear Dynamics, Velocity Global, and more

Dynamic Business brings you the key startup fundraising from this week:

Clear Dynamics (Series B)

Based: Australia

How much:  $35 million (USD$25 million)

Participants: Co-led by Colinton Capital Partners and OIF Ventures and joined by new investments from family offices and private investors.

Clear Dynamics is a software company founded in Australia to remove the business agility constraints inherent in today’s enterprise software models.

Curious Thing (Pre-Series A)

Based: Australia

How much: $7 million

Participants: Led by private investment firm Hawkstone with participation from Blacksheep Capital, January Capital and return investors Reinventure and Qualgro.

Curious Thing raised AUD$1.5 million from Reinventure and Qualgro in 2019.

Curious Thing is a voice AI communication platform that provides businesses with a productive and scalable way to make voice calls to customers while maintaining that crucial human touch.

Velocity Global (Series B)

Based: Australia

How much: $400m 

Participants: Led by Eldridge and Partners, which join Series A investor FFL Partners on Velocity Global’s board.

Velocity Global provides a comprehensive suite of talent solutions, including global Employer of Record and Contractor Management, to assist businesses in onboarding, managing, and paying talent in over 185 countries and all 50 states.

Belong 

Based: U.S.

How much: $80 million ($50 million in equity and $30 million in debt) 

Participants: Fifth Wall led the equity financing with returning backers Battery Ventures, Andreessen Horowitz (a16z) and GGV Capital. 

Belong is a three-sided marketplace that offers home management services to both homeowners who are landlords and renters, claiming to make owning a rental home easier.

Xendit

Based: Indonesia

How much: $300 million

Participants: Led by Coatue and Insight Partners, with participation from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo and Goat Capital.

Xendit is a payments infrastructure platform for Southeast Asia.

Tractian 

Based: U.S.

How much: 15 million

Participants: Led by Next47, and YCombinator. 

Tractian has created streamlined hardware-software solutions that provide maintenance technicians and decision-makers complete control over their operations.

Blinq 

Based: Australia

How much: $5 million 

Participants: Led by Blackbird and Square Peg Capital

Blinq lets you share a snapshot of your professional identity, make great first impressions and manage your ongoing relationships. 

GreyOrange

Based: India

How much:  $110 million (Equity and debt)

Participants: Led by returning investor Mithril Capital and debt funding from BlackRock

GreyOrange provides retailers with a fulfilment platform that includes adaptive learning and continuous process automation.

Fashinza (Series B)

Based: India

How much: $100 million 

Participants: Led by Prosus, Westbridge Capital

Fashinza provides fashion brands with complete apparel manufacturing solutions. It assists fashion retail brands in identifying the right suppliers, data-driven fabric pre-booking, and inventory forecasting error reduction.

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Yajush Gupta

Yajush Gupta

Yajush is a journalist at Dynamic Business. He previously worked with Reuters as a business correspondent and holds a postgrad degree in print journalism.

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