Digital Medical Tech Raises £1.2m funding
Digital Medical Tech (DMT), a solution provider for hospital management and asset tracking, recently raised $1.5 million in seed capital. St. Louis, Mo.-based DMTI Capital Partners provided the funding which will be used to launch a nationwide engagement program for targeting healthcare providers and potential partnerships.
Digital Medical Tech, which enables health systems to proactively track medical equipment and devices via a Bluetooth platform, was founded in 2016 by CEO Matthew Nicholson. The company’s real-time location system monitors and manages medical assets while requiring less infrastructure and shorter installation time compared to other tracking solutions.
Indonesia most active venture capital firms
JAKARTA, Aug 21 (Reuters) – Jakarta-based venture capital firm East Ventures said on Wednesday it raised $75 million for its sixth fund, backed by prominent Asian businessmen, to invest in early-stage startups in Southeast Asia’s largest economy.
The list of investors included Facebook co-founder Eduardo Saverin, family offices of Alibaba Group’s co-founder Eddie Wu, Chief Executive Officer of Meituan-Dianping Wang Xing as well as Dianping founder Zhang Tao, according to the venture capital fund.
East Ventures also received financial backing from Singaporean sovereign fund Temasek Holdings and Indonesian conglomerates Sinarmas and Emtek.
Indonesia Most active venture capital firms.
Lawtech start-up Autto raises $1m
Autto, the simplified automation provider, has announced that it has raised $1m in funding, its second significant round since the company launched in February 2018. The finance has been raised from existing angel investors, a UK government grant, and new investment from Tangible, a corporate legal platform in the US. The funding will be used to evolve Autto’s platform to deliver the next generation of simple automation, as well as to conduct further research, in partnership with the University of Exeter, into lawtech adoption.
Autto offers simplified automation capabilities via its SaaS-based platform. Organisations use Autto to create workflows to automate routine tasks, enabling staff to spend more time doing the jobs that they love. It is targeted at professional sector organisations who are keen to embrace emerging technologies but struggle with the cost and complexity of current high-end solutions. With Autto’s intuitive and easy to use automation platform users can start creating and automating workflows within an hour, with initial starter plans free of charge.
The FinTech bubble: Euphoria surrounds $1 billion Swiss ‘unicorn’ but there is no profit
The million dollar, or perhaps in this particular context, billion dollar question is, how can the new FinTech challengers become highly capitalized entities that are able to gain huge venture capital investment when there is no track record and no sign of profit?
In the financial technology sector, today’s massively high profile new startups which are paving the way ahead for the method by which retail and commercial customers will access financial markets are gaining vast sums of investment via various rounds of funding from large scale venture capital investors.
Lawtech start-up Autto raises $1m
Autto, the simplified automation provider, has announced that it has raised $1m in funding, its second significant round since the company launched in February 2018. The finance has been raised from existing angel investors, a UK government grant, and new investment from Tangible, a corporate legal platform in the US. The funding will be used to evolve Autto’s platform to deliver the next generation of simple automation, as well as to conduct further research, in partnership with the University of Exeter, into lawtech adoption.
Autto offers simplified automation capabilities via its SaaS-based platform. Organisations use Autto to create workflows to automate routine tasks, enabling staff to spend more time doing the jobs that they love. It is targeted at professional sector organisations who are keen to embrace emerging technologies but struggle with the cost and complexity of current high-end solutions. With Autto’s intuitive and easy to use automation platform users can start creating and automating workflows within an hour, with initial starter plans free of charge.
London-based UK startup Autto raises $1m funding
Earth AI Competitors, Revenue and Employees
EARTH AI, the mineral targetting start-up, whose technology can predict the location of new ore bodies far cheaper, faster, and with more precision than previous methods, on 16 August announced a funding round of up to AUS$2.5 million from Gagarin Capital, the VC firm specialising in AI, and Y Cominbator. Previously, EARTH AI raised AUS$1.7 million in two seed rounds from AirTree Ventures and Blackbird Ventures and high-net worth angel investors. The new round will help the company continue to pursue its mission of fundamentally improving the efficiency of mineral exploration with the help of cutting-edge technology.
More specifically, EARTH AI’s technology uses machine learning techniques on global data, including remote sensing, radiometry, geophysical and geochemical datasets, to learn the data signatures related to industrial metal deposits (from gold, copper, and lead to rare earth elements), train a neural network, and predict where high value mineral prospects will be.
Who are the major revenue-based investing VCs?
According to Workthere’s latest research report, Venture Capital funding in the UK reached a record high of £4.3 billion in H119, which is a 45% increase on the same period in 2018.
The report shows that the average deal size for UK VC investment doubled to £5.9 million in the first half of the year with 724 deals recorded compared to 1,147 in H118. In terms of where this money has been directed, tech has been the clear winner attracting 60% of all VC funding in H119, compared to 44% in the same period in 2018.
Jessica Alderson, global research analyst at Workthere, says: “Last year it was all about healthcare, but this year tech is the most popular sector for VC investors. In particular, the sub-sector that is really driving growth is Fintech, which has accounted for eight out of the top ten funding deals so far this year, compared to just three last year. Moving forward, this is definitely an interesting sub-sector to watch in terms of expansion outside of their primary London offices into wider UK markets.”
British Columbia Discovery Fund Announces Distribution
VANCOUVER, British Columbia, Aug. 19, 2019 (GLOBE NEWSWIRE) — British Columbia Discovery Fund (VCC) Inc. (the “Fund”), a venture capital investment fund managed by Discovery Capital Management Corp. (“DCMC” or the “Manager”), is pleased to report that the holdback receivable with respect to the sale of Rx Networks Inc. (“Rx Networks”) to Beijing BDStar Navigation Co., Ltd. (“BDStar” – www.navchina.com/en/) first announced in 2017 (the “Rx Transaction”) has been paid in full. The Rx Transaction was completed by the purchase of 100% of the outstanding shares of Rx Networks by BDStar for $31 million of all cash consideration, subject to a 20% holdback of the consideration for a period of two years.
Second Distribution under New Dividend Distribution Model
At the Special and Annual General Meeting of the Fund held on June 8, 2017, shareholders of the Fund approved special resolutions that convert the manner in which the Fund provides liquidity to investors to a dividend distribution model. As a result of the receipt of the approximately $1.6 million holdback receivable amount, the Fund is pleased to announce that it will make the second distribution under this new model in September 2019 in the amount of $0.35 per share. The total amount of the distribution will be approximately $1.5 million with shareholders each receiving their total pro rata share based on the number of shares held.
How Artificial Intelligence Can Help Protect Children?
How Artificial Intelligence Can Help Protect Children?
London start-up developing child safety technology that can stop children sending dangerous messages even before they finish typing has raised millions from investors and sealed a deal with the German government to get its app onto the phones of thousands of children.
SafeToNet, which develops software that can limit what children access on their smartphone and prompt them if they are in a dangerous situation, raised £7m in cash at a £50m valuation from angel investors and current investor West Hill Capital. It brings its total raised to around £20m.
Scots tax specialist assists in boosting women in VC sector
Scottish entrepreneurial tax specialist Kirsty Paton is joining a newly-formed committee aimed at increasing female representation in the UK’s venture capital sector.
Based in the Edinburgh office of Chiene + Tait, Ms Paton is the only Scot and the sole tax adviser on the Enterprise Investment Scheme Association (EISA) Women in Venture Capital working group.
The aim of the London-based committee is to help EISA member firms and the wider UK venture capital industry achieve gender balance at all levels and support the progression of more women into senior roles. The members of the group will meet quarterly, looking at practical actions and initiatives to help firms implement appropriate diversity strategies.