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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewYonder, a London-based fintech startup, has raised $30.1 million in new funding. Founded in 2020 by former staffers at credit scoring startup Clearscore, Yonder offers users a credit card with rewards such as meals at high-end restaurants, tickets to events, and points toward flights. This story is available exclusively to Business Insider subscribers. Yonder claims its latest raise is a significant up round, resulting in a post-money valuation of more than $132 million.
Persons: , we've, Tim Chong, Chong Organizations: Service, Business, RTP Global, Northzone Locations: London, Manchester, Birmingham, Bristol, Bath
Read previewProofs, a startup that builds software using AI agents, has raised $2.6 million in pre-seed funding. The startup, based in San Francisco and Warsaw, is utilizing AI to speed up the process of developing proof-of-concept software for companies. This story is available exclusively to Business Insider subscribers. Proof claims that using AI agents can drastically reduce the time taken to develop custom software to minutes at a much-reduced cost compared to traditional processes. Advertisement"Every year you have around $700 billion of software being sold, but unlike out-of-the-box SaaS products, the bar to build and integrate customized software is higher," Pucek told Business Insider.
Persons: , Bartek, Pucek Organizations: Service, Business, EarlyBird, Expeditions Fund, RTP Global Locations: San Francisco, Warsaw
Read previewRecraft, a startup that aims to vastly improve the quality of AI-generated images, has raised $12 million in fresh funds. "We are building some unique things using technology that no one else has," Anna Veronika Dorogush, Recraft's CEO and founder told Business Insider. Recraft has brought in $12 million from Khosla Ventures and former GitHub CEO, Nat Friedman, with participation from RTP Global, Abstract VC, Basis Set Ventures, Elad Gil, and other angel investors. The startup originally wanted to raise $10 million but increased the round size due to being heavily oversubscribed, Dorogush said. AdvertisementThe company hasn't spent money on marketing, relying on word-of-mouth referrals to accrue more than 350,000 users, Dorogush added.
Persons: , Anna Veronika Dorogush, Recraft, Nat Friedman, Elad Gil, Dorogush, hasn't Organizations: Service, Business, Khosla Ventures, RTP Global Locations: London, New York
London-based startup Supercritical just raised $13 million to help projects get funded via companies. London-based startup Supercritical has just raised $13 million from Lightspeed Venture Partners to help the "groundswell" of businesses pledging to invest in carbon removal. That's where carbon removal — tree-planting, sucking CO2 from the air using technology, or enhanced rock weathering — comes in. Long term, it wants to be the "no brainer" option for carbon removal purchases. Check out the 11-slide redacted pitch deck Supercritical used to raise the funds.
Persons: we've, Michelle You, Aaron Randall, Carbo Organizations: Lightspeed Venture Partners, Paris, Frontier Fund, RTP Global, Greencode Ventures, MMC Ventures Locations: London
London-based fintech startup Yonder has raised $78 million in debt and equity. Yonder, a London-based credit card startup, has raised $78 million in debt and equity in a new funding round. Yonder previously brought in $26 million in debt and equity as part of a seed funding round. This latest raise comes in the form of £12.5 million, about $15.7 million, in equity and £50 million, roughly $62.6 million, in debt. Yonder also plans to launch in two further unspecified cities and offer more events to users with its new capital, Chong said.
The startup uses AI-boosted data to help institutions source from more diverse suppliers. Check out the nine-page pitch deck below. Ownership data can help meet diverse sourcing claims; raw-materials data can help with ethical sourcing goals; carbon-emissions data can help with climate goals. Here's the pitchbook Lapierre used to land her $50 million Series B round led by Ten Coves Capital, with participation from BDC Capital, Grand Ventures, RBC Ventures, Reciprocal Ventures, Refinery Ventures, S&P Global, Stand Up Ventures, RTP Global, Workday Ventures, CIBC Ventures, and Good Friends. Tealbook TealbookTealbook pitch deck TealbookTealbook pitch deck TealbookTealbook pitch deck TealbookTealbook TealbookTealbook pitch deck TealbookTealbook pitch deck TealbookTealbook pitch deck Tealbook
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