Lightspeed Venture Partners backs Theta Lake’s video conferencing security tech with $12.7 million

Theta Lake, a provider of compliance and security tools for conferencing software like Cisco Webex, Microsoft Teams, RingCentral, Zoom and others, said it has raised $ 12.7 million in a new round of funding.

Lightspeed Venture Partners led the round with commitments from Cisco Investments, angel investors from the collaboration and security space, and previous investors Neotribe Ventures, Firebolt Ventures and WestWave Capital, the company said.

The company’s financing comes as the COVID-19 pandemic has created a surge of demand for remote work conferencing technologies — and services that can ensure the security of those communications.

Citing a Research and Markets report, the company estimates that the market will grow from $ 8.9 billion in 2019 to $ 23 billion by the end of this year.

Theta Lake said that the funding would be used to increase its sales and marketing capabilities and for research and development on new product features, according to a statement. 

The company’s tech already uses machine learning to detect security risks in video, visual, voice, chat and document content shared over video and collaboration tools.

As a result of its investment, Arif Janmohamed, a partner at Lightspeed Venture Partners, will join the Theta Lake board of directors, the company said. 

“The need for security and compliance solutions that fully cover modern collaboration tools should be obvious to everyone,” said Devin Redmond, Theta Lake’s co-founder and chief executive, in a statement. “That need pre-existed the pandemic, but now is more pressing than ever. The shift from physical work sites and employer-owned networks with tightly managed devices and applications, to a distributed workplace that lives inside your collaboration tools means organizations need new security and compliance coverage that lives inside that new workplace. 

 

Startups – TechCrunch

RepTrak partners with Onclusive to combine reputation and PR data

RepTrak and Onclusive are announcing a partnership that Onclusive CEO Dan Beltramo said will combine corporate reputation tracking and PR analytics for the first time.

RepTrak, founded in 2004, helps businesses measure their reputations (and their competitors’ reputations) through a database of more than 1 million company ratings collected every year. Meanwhile, Onclusive (formerly known as AirPR) offers a variety of tools to analyze the impact of PR and earned media coverage on a company’s bottom line.

Those two areas might not sound dramatically different, but Beltramo said that for PR professionals, they represent two separate goals — and that RepTrak’s reputation data helps to fill in some of the areas that Onclusive was missing.

“We made our name in PR analytics, [measuring] what I would call bottom of the funnel,” he said. “It’s an important objective for PR: Are you driving sales? Are you driving downloads?”

By combining Onclusive’s data with RepTrak’s, Beltramo said they’re giving PR people “a good measure to shoot for at the top of the funnel” — and for some, improving reputation may be more important than driving sales: “At bigger companies with longer cycles and bigger issues, reputation is where the PR person’s psyche was focused.”

Conversely, he said that for a chief communications officer who’d previously paid more attention to high-level reputation, Onclusive’s provides more real-time data and tactical tools.

Beltramo added that there will be multiple stages to the partnership. First, the companies are working to present Onclusive’s media analytics in the RepTrak system. Eventually, information will be flowing in the opposite direction too, with Onclusive’s team figuring out how to incorporate RepTrak as well.

“I am pleased that our partnership with Onclusive will give our clients an even more proactive way to activate their reputation management efforts by using the RepTrak Platform to prioritize and diagnose opportunities and threats, then drill into the details of their media presence to take action,” said RepTrak CEO Kylie Wright-Ford in a statement. “The media and cultural environments are very dynamic right now, so companies need to have a complete set of accurate data to make the right decisions.”

Startups – TechCrunch

German VC firm UVC Partners closes €150M to fund early-stage B2B tech startups in Europe

UVC Partners

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-based early-stage venture capital firm that invests in European technology-based startups. Recently, the German VC launched a new €150M fund. 

With the third fund, UVC Partners aims to invest in the fields of industrial technologies, B2B software, and mobility. Simultaneously, the VC plans to provide access to ‘UnternehmerTUM,’ Europe’s largest innovation centre at the Technical University of Munich. 

150 corporate partners and 5000 students

With 150 corporate partners and more than 5000 students, UnternehmerTUM is an important hub for Europe’s next generation of entrepreneurs. “We are already accelerating more than 10% of all German tech startups and serve as a central and open innovation platform for future challenges of leading SMEs and DAX-listed corporations,” says Prof. Dr. Helmut Schönenberger, Managing Partner at UVC and CEO of UnternehmerTUM.

Venture Capital 3.0

While the first VC funds focused primarily on financing issues, the second generation increasingly offered support in operational matters. The third-generation venture capital “Venture Capital 3.0”  is all about sustainable, partnership-based relationships with the founding team, claims the German company. 

The investor base of the new fund ranges from startup entrepreneurs, such as the FlixBus founders, to institutional investors, family offices, corporations, and family businesses.  “We have invested in UVC III because we expect a good financial return when it comes to our pension assets and see added value in working together with UVC Partners,” saya Oliver Stratmann, Head of Treasury & Investor Relations at LANXESS AG.

UVC Partners typically invests in Seed or Series A rounds

The UVC Partners typically invests between €0.5M to 4M initially and up to €15M in total per company. According to the VC firm, it typically invests in Seed or Series A rounds. Its portfolio includes investments such as Blickfeld, Carjump (Free2Move), FlixBus, KONUX, TWAICE, and Vimcar.

Main image credits: UVC Partners

Startups – Silicon Canals

New €150 million fund from UVC Partners for industrial tech, B2B software and mobility startups

Following the success of its first two funds, UVC Partners has launched a new fund with a volume of €150 million. Even during the corona pandemic, the team managed to raise more than 70% of the target amount during a first closing thanks to its extensive network and established investor base. With its third fund,…

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The post New €150 million fund from UVC Partners for industrial tech, B2B software and mobility startups first appeared on EU-Startups.

EU-Startups

Eat Just partners with Proterra to launch a new subsidiary in Asia

Eat Just, the plant-based food startup, is launching a new Asian subsidiary through a partnership with Proterra Investment Partners Asia. The agreement includes building Eat Just’s first factory in Asia, which will be based in Singapore.

As part of the deal, Proterra, which focuses on agri-tech, will invest up to $ 100 million in the facility, while Eat Just will invest $ 20 million. The new subsidiary, called Eat Just Asia, will focus on creating a fully-integrated supply chain, working with manufacturers and distributers for Eat Just’s flagship product, vegan egg substitute Just Egg, which is made from mung beans.

Once completed, the Singapore facility will “generate thousands of metric tons of protein,” said Eat Just’s announcement. Eat Just Asia also received support from the Singaporean government’s Economic Development Board.

In addition to Just Egg, Eat Just and Proterra said they are also in talks to expand their partnership to include the development of plant-based meat alternatives.

Eat Just’s current distribution partners in Asia include SPC Samlip in South Korea, Betagro in Thailand and an as-of-yet undisclosed new partner in China, where Just Egg is already available on Alibaba’s Tmall and JD.com.

Based in San Francisco and formerly known as Hampton Creek, Eat Just has received total of about $ 220 million in funding, according to Crunchbase. Its investors include Khosla Ventures and Li Ka-Shing.

Eat Just announced in March that it will focus on global expansion this year, with partnerships in North America, Latin America, Europe and Asia.

Over the following months, it announced a succession of distribution deals for Just Egg, including ones with American food manufacturer and distributor Michael Foods, a subsidiary of Post Holdings, and European plant-based food manufacturer Emsland Group.

In Asia, demand for plant-based protein foods grew during the COVID-19 pandemic, due in part to concerns about the safety of meat and other animal products. In an April 2020 Reuters article, Eat Just said sales of Just Egg on JD.com and Tmall had grown 30% since the beginning of the coronavirus outbreak.

Other plant-based food startups focusing on Asian markets include Impossible Foods, which announced funding of $ 500 million in March to expand in Asia; Karana, a Singaporean startup that makes meat substitutes from jackfruit; and Malaysian-based Phuture Foods, which uses a variety of plants to make pork substitutes.

Startups – TechCrunch

Catalyst Fund partners Mastercard Foundation, MEST to launch $4.3M Inclusive Digital Commerce Accelerator in Ghana – Naija247news

Catalyst Fund partners Mastercard Foundation, MEST to launch $ 4.3M Inclusive Digital Commerce Accelerator in Ghana  Naija247news
“nigeria startups when:7d” – Google News

Round2 Capital Partners grows its capital to €30M; aims to establish revenue-based finance in European market

Venture Capital (VC) is an important and growing part of Europe’s investment ecosystem. The VC industry is instrumental in bringing jobs, innovations, growth, and world-leading companies like Adyen, Spotify across the continent. The core mission of Venture Capital is to reduce barriers for SME’s that wish to access financing. 

Currently, VC firms are on the rise, and there is certainly no exception in Europe. One such VC is Round2, a growth-stage investor in leading digital scaleup companies in Europe.

Closed €30M funding

Recently, the company announced the closing of another round of fundraising, taking its assets under management to close to €30M. The funds were raised from existing as well as from new investors.

Based out of Vienna, Round2 Capital Partners is a growth capital investment firm that invests in small and medium-sized businesses through non-dilutive revenue-based loans, with a predominant focus on SaaS and innovative Hardware/Software combinations. 

Revenue-based financing

Revenue-based financing is a simple type of funding in which a company receives funding in exchange for a share in its future revenue until a pre-defined absolute amount – the cap – is reached.

Unlike rigid repayment plans of bank loans or venture debt instruments, the Austrian company offers repayments in revenue-based finance, and, therefore, tied to monthly revenue. This enables the repayments to adapt to cash flows – increases when revenues are strong, and goes down when revenues are weak.

As per the company, revenue-based financing is a quantum leap forward in the way the growth of digital business with high gross profit margins and low working capital requirements such as B2B SaaS firms is funded. Building on recurring revenues the funding solution is not only transparent but also highly flexible and simple to implement. Founded by Christian Czernich, and Jan Hillered in 2017, the Austrian company has  local hubs in Berlin and Stockholm.

The firm also manages Round2 Lab, which is a European program for young companies in their scale-up phase. It claims that so far more than 20 ventures from four countries have concluded the Round2 Lab, many of them having successfully scaled their business, raised more capital and closed profitable exits. Due to the Covid-19 restrictions, the third iteration of the program has been postponed to 2021.

Main image credits: Round2

Startups – Silicon Canals

How local partners play an integral role in supporting projects of large tech companies like Facebook – Techpoint Africa

How local partners play an integral role in supporting projects of large tech companies like Facebook  Techpoint Africa
“nigeria startups when:7d” – Google News

I have innovative Gaming StartUp and looking for Partners!

Hello,

My team has built an app, for android & ios, which helps online multiplayer gamers to find true friends for playing together and hanging online in very innovative way.

Also, the app has huge health applications which is possible to measure.

I am the founder and currently I am looking for partners to join me in this journey!

Please DM me if you are interested!

submitted by /u/ToniFus
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Startups – Rapid Growth and Innovation is in Our Very Nature!