Investments

Investments
Amazon Expands Investment in AI Firm Anthropic to $4 Billion
March 27, 2024

Amazon made an additional $2.75 billion investment in Anthropic, bringing its total investment in the artificial intelligence company to $4 billion. The new investment joins the initial investment of $1.25 billion that Amazon made in September and completes the commitment the company promised at that time to invest up...

Investments
PayPal Ventures Backs $47 Million Fundraise for InsurTech Qoala
March 27, 2024

InsurTech Qoala has raised $47 million in a funding round led by PayPal Ventures and MassMutual Ventures.  The Series C round, announced Wednesday (March 27), will let the Malaysia-based Qoala expand its embedded insurance business across Southeast Asia.  “The investment will also empower Qoala to intensify its tech-driven initiatives, seamlessly integrate artificial...

Investments
Fieldguide Raises $30 Million to Combat CPA Shortage With AI
March 26, 2024

Artificial intelligence (AI) startup Fieldguide has raised $30 million for its accounting industry offering. The Series B funding round, announced Tuesday (March 26), will let the company launch new AI capabilities, expand its market reach, and add to its team as it tries to alleviate what it says is...

Investments
Iron Sheepdog Raises $10 Million to Bring AI to Short-Haul Trucking
March 25, 2024

Iron Sheepdog has raised $10 million to expand its broker/contractor-focused trucking technology solution. “At its core, Iron Sheepdog is a tool that helps the broker as a small business owner,” Mike Van Sickel, CEO of Iron Sheepdog, said in a news release Monday (March 25) press release. “By giving...

Investments
Coast Raises $92 Million to Improve Fleet Management Payments
March 21, 2024

Fuel and fleet spending management firm Coast has raised $92 million in new capital. The funding round includes $25 million in equity capital from investors such as BoxGroup, Avid Ventures, Accel, Insight Partners, and Better Tomorrow Ventures, as well as newcomer Vesey Ventures, Coast said in a...

Investments
Pandion Raises $41.5 Million to Expand Residential Parcel Delivery Network
March 21, 2024

Pandion has raised $41.5 million in a Series B funding round to expand its residential parcel delivery network designed for eCommerce. The company will use the new funding to build new technology offerings, expand its geographic reach and increase its delivery speed, Pandion said in...

Investments
PayPal-Backed NX Technologies Raises $24 Million to Streamline Automotive Payments
March 20, 2024

NX Technologies raised 22 million euros (about $24 million) in a Series B funding round led by PayPal Ventures. The company will use the capital to strengthen its market position in Germany, expand into new markets in Europe and grow its digital payment management platform for the automotive industry, bezahl.de,...

Investments
Marco Raises $12 Million to Support LatAm Trade Finance
March 19, 2024

Miami-based trade finance platform Marco has raised $12 million in a Series A round. The funding will help support the company’s mission of helping small and medium-sized entrepreneur (SME) exporters in Latin America, according to a Tuesday (March 19) news release. “Through my own journey as an SME...

Investments
Marc Lore’s ‘Super App of Mealtime’ Wonder Raises $700 Million
March 19, 2024

Wonder has raised $700 million to continue building “the super app of mealtime.” Marc Lore, the serial entrepreneur and former Walmart executive who is founder, chairman and CEO of Wonder Group, announced the fundraise in a Tuesday (March 19) post on LinkedIn. Wonder allows customers...