Parsers VC - Weekly Funding/Startup/VC news of March 12, 2024

Weekly Most Popular Venture Capital News. Funding rounds Week of Mar. 5 - Mar. 11: United States (49), United Kingdom (11), India (9), Canada (5), Germany (4)

The Ayurveda Experience (TAE) has secured a whopping $27 million in funding led by Jungle Ventures, a Singapore-based VC firm. This direct-to-consumer brand, known for its Ayurvedic products, is on a mission to deepen its brand presence and recognition in existing markets.

ID verification platform IDfy has secured $27 million in funding from Elev8, KB Investment, and Tenacity Ventures. This Mumbai-based startup, backed by Blume Ventures and TransUnion, is on a mission to revolutionize identity authentication in Asia.

Private equity giants Advent International and Multiples have injected a whopping $230 million into Svatantra Microfin, marking a significant milestone in India's microfinance landscape.

4. IDfy Raises $27 Million in Funding (Cited in 7 tech media)

ID verification platform IDfy has secured $27 million in funding from Elev8, KB Investment, and Tenacity Ventures. This Mumbai-based startup, backed by Blume Ventures and TransUnion, is on a mission to revolutionize identity authentication in Asia.

Sweet Security, an Israeli startup specializing in cloud security, has secured a whopping $33 million in Series A funding. Led by Evolution Equity Partners, with participation from Munich Re Ventures and Glilot Capital Partners, this funding round will propel Sweet Security to new heights in the cloud security landscape.

Zama, a Paris-based cryptography firm, has secured a hefty $73 million in Series A funding to advance its fully homomorphic encryption (FHE) technology. Led by Multicoin Capital and Protocol Labs, the funding round includes notable investors like Solana's Anatoly Yakovenko and Ethereum's Gavin Wood.

Exly, a business tools provider, has secured $6.2 million in funding led by Chiratae Ventures to empower knowledge entrepreneurs. The investment will fuel product development and customer acquisition, helping users maximize their earnings potential.

RemotePass, a UAE-based HR and fintech platform, secured a significant $5.5 million in Series A funding, led by 212 VC and supported by investors from the US, Europe, and the Middle East. This funding round brings RemotePass's total capital raised to over $10 million, showcasing its rapid growth and potential in the market.

130 funding rounds in United States, United Kingdom, India etc.

Funding rounds in United States

Funding rounds in United Kingdom

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