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- Emovid raises $2.75m to make video messaging the new norm for businesses, $200m to make business insights simple with Sigma
Emovid raises $2.75m to make video messaging the new norm for businesses, $200m to make business insights simple with Sigma
Team @ deelscoop
May 21, 2024
Your weekly Venture Capital recap is here!
State of Venture Capital
2023 vs 2024 worldwide investment amount January - May (running count)
1 Country 1 Investment
Each week we randomly generate 1 country and highlight 1 recent VC deal.
This week’s country is: Singapore
SWAT Mobility - $10.22 m Later Stage VC: Vehicle-routing technology to address complex transportation challenges. Its AI algorithm optimizes route planning with multiple waypoints for large-scale transportation, enhancing transport efficiency through pooling and route optimization. This technology serves companies, transport operators, and government agencies, meeting their transport and logistics needs. The company raised $10.22 million in venture funding from Goldbell Investments, Chubu Electric Power, and Nippon Express, with a pre-money valuation of $37.33 million. NX Global and other investors also participated.
Investments from Around The World
Seed
Emovid (USA) - $2.75m: Instant video messaging for businesses
The platform enables users to create and share professional video messages quickly, promoting interactive video conversations over long emails. Emovid secured $2.75 million through a mix of Primary Seed and Shadow Seed funding from undisclosed investors, resulting in a pre-money valuation of $90 million. Originally, $2 million of this funding was raised as convertible debt, which was later converted into equity.
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Midsummer Studios (USA) - $6m: Next-gen video games
Development studio focused on creating next-generation life simulation games. The company emphasizes player-driven narratives, enabling communities to share memorable moments and create meaningful stories through play. The company raised $6 million in seed funding, led by Transcend Fund, with participation from Krafton and five other investors, resulting in a pre-money valuation of $16 million.
Series A
Caeli Wind (Germany) - $11.8m: Plug & play wind turbines
Online platform to simplify identifying, analyzing, and planning wind turbines. The platform aggregates data and connects key players, aiding landowners and planners in finding potential locations in Germany and consolidating data for decision-making. This helps wind farm operators advance energy transition while reducing planning costs and effort. The company raised €11 million from High-Tech Gründerfonds, Notion Capital, and Santander Asset Management. The funds will support international expansion and enhance the company's value chain and technologies.
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Data Zoo (Australia) - $35m: Identity verification technology
Developper of an identity verification platform for online KYC and AML processes. Its API verifies individuals' details against multiple reliable databases for digital onboarding, student screening, blockchain verification, and fraud detection, helping clients intercept fraud and criminal activities instantly. Data Zoo raised $35 million in Series A funding from Ellerston Capital.