VC funding: Boodmo.com, Yuanfudao, Quantum Machines, Nepris

Boodmo.com, Yuanfudao, Quantum Machines, Nepris, Validere, Deep North, UrbanLeap, Influence.co, Remesh, among others, announced their latest VC funding.
VC funding investments

Boodmo.com

India-based boodmo.com, an online auto spare parts marketplace, has raised Rs 15 crore. The company will use the funds to strengthen its supply chain and operations. In 2019, boodmo had raised Rs 18 crore from undisclosed investors in two rounds of funding.

Boodmo.com, a unit of Smart Parts Online, has over eight lakh customers in its registered database and about 1,000 orders are placed on the website every day. Oleksandr Danylenko is the managing director and co-founder of boodmo.com.

Yuanfudao

Online education platform Yuanfudao, which is backed by Tencent Holdings, is close to completing a financing round that would value it at around $7.5 billion, Reuters reported.

Yuanfudao, founded in 2012, offers online courses and homework plans to students.

Yuanfudao’s focus on online learning puts it in one of the few sectors that have seen a surge in investor interest as the coronavirus and school closures force students in China to attend classes via the internet.

The round of financing is led by Tencent Holdings and private equity powerhouse Hillhouse Capital Group.

Yuanfudao’s fundraising round kicked off before the Lunar New Year holiday in late January when the company originally aimed to raise as much as $1 billion. The talks are ongoing and the investment amounts have not been finalised.

Yuanfudao was valued at $3 billion in a previous round of financing in 2018. The company, which says it has 400 million users, also counts Warburg Pincus, Matrix Partners China, and IDG Capital as its backers.

Quantum Machines

Israel’s Quantum Machines, which developed hardware and software for the operation of quantum computers, has raised $17.5 million in early stage funding — led by entrepreneur Avigdor Willenz and Harel Insurance investments with the participation of previous backers TLV Partners and Battery Ventures.

Nepris

Nepris has closed a $5 million investment round led by K12. Nepris is a school-to-industry platform that has connected over 70,000 educators at over 600 school districts with industry professionals who work in a variety of careers from cosmetology to engineering.

Validere

Validere, an informatics platform that enables energy companies to improve efficiencies through real-time product insights, closed its $15 million in a Series A funding round led by Wing VC, with participation from Greylock Partners and Sallyport Investments.

Deep North

Deep North, a pioneer in computer vision and AI- powered video analytics, has closed a $25.7 million Series A funding round, led by London-based Celeres Investments, with participation from Engage, AI List Capital, and others.

UrbanLeap

UrbanLeap, marketplace and discovery solution, announced $4.2 million in seed funding led by StageOne Ventures, and with participation from existing investor lool Ventures.

Influence.co

Influence.co, an online network for influencers, creators and business, announced the closing of $3 million seed funding round. Bonfire Ventures led the round with participation from ACT Capital Partners, Alumni Ventures Group, Next 10 Ventures and Singapore Press Holdings (SPH) Ventures.

Remesh

Remesh, a software company utilizing artificial intelligence to conduct research, has raised $25 million in Series A2 funding led by General Catalyst, with participation from LionBird (Series Seed lead), North Coast Ventures, and several new external investors. Remesh has raised over $38 million to date.

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