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Dremio Raises $135 Million in Series D Funding to Drive Data Lake Transformation for Global Enterprises
Dremio, the innovation leader in data lake transformation, announced it has raised $135 million in Series D funding, bringing the company’s valuation to $1 billion. This preemptive fundraising occurred just nine months after a $70 million round led by Insight Partners in March 2020. The new fundraising round is led by Sapphire Ventures with participation from existing Dremio investors: Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, Redpoint Ventures, and Cisco Investments.
Color Announces $167 Million in Series D Financing to Help Build Public Health Infrastructure Across the U.S.
Color, a health technology company committed to advancing public health, announced a $167 million Series D financing round. This brings Color to $278 million in total financing, with a valuation of $1.5 billion. Color will use the funding to expand its work building public health technology and infrastructure for governments, employers, and other institutions that serve large populations.
Oxygen Closes $17 Million Series a Funding Round to Build the Banking Platform for the 21st Century Economy
Digital banking platform Oxygen announced a $17 million Series A round of funding. The round included Runa Capital, S7V, 1984.vc, EFG Hermes, Rucker Park, and Inventures, in addition to celebrity and prominent fintech investors, including Frank Strauss, Global CEO of the Private & Commercial Bank for Deutsche Bank AG, William Hockey, Co-Founder of Plaid, Ankur Nagpal, Founder and CEO of Teachable, Peter Treadway, and NFL wide receiver Larry Fitzgerald.
TagPay Secures € 25 Million Investment From Long Arc Capital
TagPay, a provider of a scalable and open Core Banking System technology for financial service providers, is pleased to announce a € 25M investment by Long Arc Capital. With this investment, the NYC-based private equity firm Long Arc Capital takes a majority stake in TagPay, while co-Founders Yves Eonnet (CEO) and Hervé Manceron (COO) will continue in their leadership roles with the company.
Boston Startup Building a New Way to Work in West Africa
Ajuma Technologies, Ltd. has announced their plans to launch in early 2021. Ajuma Technologies is reinventing how West Africans work by putting small businesses and self-employed workers at the center of the experience. Their mobile app, Ajuma, is a platform that combines a service marketplace and a business management/booking platform into a single app. It was built specifically with West Africa’s numerous small businesses and freelancers in mind.
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