Weekly Round Up: 9/10/2021

At Greenspring we believe in venture capital's ability to propel innovation, job creation and positive societal change. We celebrate those who think differently, take measured risk and challenge perceptions. Here's what's trending in VC this week.

Dukaan®, a Bangalore-based startup that enables merchants to set up online stores and sell products digitally, has raised $11 million in financing with participation from Greenspring manager Lightspeed Venture Partners. More here.

African fintech startup Wave has raised $200 million in a Series A round with participation from Greenspring manager Founders Fund. More on how the mobile money market in sub-Saharan Africa is growing exponentially via TechCrunch here.

Barcelona-based HR automation platform Factorial has raised $80 million in recent financing with participation from Greenspring manager CRV. More on the startup and round can be found here.

What do founders considering a Series A round need to know? Pete Flint of Greenspring manager NFX breaks down his “13 Proof Points for Series A” in this great read you can find here. 

Register now for Alloy, the Annual Corporate Venture Studio Summit presented by High Alpha Innovation! Details and how to register can be found here.

Greenspring manager Primary Venture Partners has a new look! Check out their updated website and the launch of First Edition, a digital publication all about New York’s entrepreneurial community, starting off with success stories on some of their awesome portfolio companies. Take a look here.

We are thrilled to welcome HilleVax to the Greenspring portfolio. The Company has secured $135 million in crossover financing to advance the development of its Phase III-ready norovirus vaccine. More here.

Addi, a Bogota and Sao Paulo-based commerce startup, raised $75 million led by Greenspring manager Greycroft and with participation from Foundation Capital. More here. 

Canadian fintech startup Nuula, which is focused on small businesses, has raised $20 million in equity funding led by Greenspring manager Edison Partners. More about the deal via TechCrunch here.

Work insights platform Fin raised $20 million in Series A funding with participation from Greenspring manager Accel. More on how Fin's software measures productivity and provides insights on ways managers can optimize processes, coach their employees and see how teams are actually using technology to get their work done here.

We are excited to deepen our partnership with cloud networking provider Aviatrix by participating in the Company’s $200 million Series E round! More on Aviatrix’s impressive growth and future plans via Bloomberg here.

Boston-based Snyk, a late-stage startup that is trying to help developers deliver more secure code, has raised $530 million in financing with participation from Greenspring managers Accel and Boldstart Ventures. More on how Snyk will leverage its latest influx of capital here.