#DealMonitor – Zolar sammelt 100 Millionen ein – Aaron.ai bekommt 3,5 Millionen – Aumio sammelt 3 Millionen ein


Im #DealMonitor für den 19. Mai werfen wir einen Blick auf die wichtigsten, spannendsten und interessantesten Investments und Exits des Tages in der DACH-Region. Alle Deals der Vortage gibt es im großen und übersichtlichen #DealMonitor-Archiv.

INVESTMENTS

Zolar
+++ Der amerikanische Investor Energy Impact Partners (EIP), GIC, der Staatsfond von Singapur, und Altinvestoren wie Inven Capital, Heartcore Capital, Statkraft Ventures und Pirate Impact Capital investieren 100 Millionen Euro in Zolar. Mit dem frischen Kapital möchte “das Unternehmen den Zugang zu grüner Energie für Hausbesitzende fundamental vereinfachen, den Fachkräftemangel im Handwerk reduzieren und die deutsche Unabhängigkeit von Öl und Gas vorantreiben”. Das Berliner Startup, das 2016 von Gregor Loukidis und Alex Melzer gegründet wurde, bietet Photovoltaikanlagen zum Festpreis an, die Eigenheimbesitzer maßgeschneidert online planen, vergleichen und beauftragen können. Zuletzt wanderten 35 Millionen Euro in Zolar – unter anderem von Energy Impact Partners. Rund 370 Mitarbeiter:innen arbeiten derzeit für das Unternehmen. Mehr über Zolar

Aaron.ai
+++ Der Münchener Impact-Investor BonVenture, IBB Ventures und Futury Capital investieren 3,5 Millionen Euro in Aaron.ai. Das Berliner Unternehmen, das  2015 von Tobias Wagenführer, Richard von Schaewen und Iwan Lappo-Danilewski gegründet wurde, setzt auf einen “KI-basierten Praxismitarbeiter, der Arztpraxen entlastet und Patient:innen rund um die Uhr am Telefon hilft, ihr Anliegen zu bearbeiten”. Das frische Kapital soll “neben dem Produkt selbst vor allem in Mitarbeiter:innen investiert werden”.

Aumio
+++ Partech, byFounders sowie die Gründer von Urban Sports Club, Amboss, Vivino und Researchgate investieren 3 Millionen Euro in Aumio. Das Leipziger Startup, das 2020 von Jean Ochel und Tilman Wiewinner gegründet wurde, bringt sich als “Meditations und Achtsamkeits App für die mentale Gesundheit von Kindern” in Stellung. In den Kursen des Startups sollen Kinder, die mit Aufmerksamkeitsproblemen, Wutausbrüchen oder Hyperaktivität zu kämpfen haben, die Chance haben “Herausforderungen im Alltag” zu bewältigen. Im April 2021 war das Startup in der VOX-Show “Die Höhle der Löwen” zu Gast, einen Deal gab es damals nicht.

Predium
+++ btov Partners, 2bX sowie Angel-Investoren wie Maximilian Viessmann (Viessmann), Kristofer Fichtner (Thermondo, ecoworks), Lisa Gradow (Usercentrics), Christoph Zöller (instaffo) und Michael Wax (forto) investieren 1,6 Millionen Euro in Predium. Das PropTech aus München, 2021 von Jens Thumm, Mohamed Ali Razouane und Maximilian Körner gegründet, entwickelt eine “All-in-One Softwarelösung, die ESG-Bilanzen von Gebäuden ermittelt, Maßnahmen zur CO2-Reduktion vorschlägt und diese mit einer Investitionsrechnung hinterlegt”. Das frische Kapital soll insbesondere in “Markterschließung und den weiteren Aufbau des Teams” fließen.

VENTURE CAPITAL

Ananda Impact Ventures
+++ Der Impact-Investor Ananda Impact Ventures verkündet das Final Closing seines vierten Fonds. Im Topf sind nun 108 Millionen Euro – und damit 33 Millionen mehr, als ursprünglich geplant. “Der Erfolg unterstreicht das Interesse des Marktes, Start-ups zu unterstützen, die nicht nur über Impact sprechen, sondern diesen fest in ihre Geschäftsmodelle integriert haben”, teilt der Geldgeber mit. Ananda, 2009 von Johannes Weber und Florian Erber gegründet, investierte in den vergangenen Jahren in Unternehmen wie Arbor, Careship, Klim, Mika, OroraTech und voiio.

Startup-Jobs: Auf der Suche nach einer neuen Herausforderung? In der unserer Jobbörse findet Ihr Stellenanzeigen von Startups und Unternehmen.

Foto (oben): azrael74

#aaron-ai, #aktuell, #ananda-impact-ventures, #aumio, #berlin, #bonventure, #byfounders, #climatetech, #energy-impact-partners, #futury-capital, #gic, #heartcore-capital, #ibb-ventures, #inven-capital, #leipzig, #partech, #pirate-impact-capital, #predium, #proptech, #statkraft-ventures, #venture-capital, #zolar

Apeel bites into another $250M funding round, at a $2B valuation, to accelerate fresh food supply chains

Apeel Sciences, a food system innovation company, is out to prevent food produced globally from ending up in the landfill, especially as pressures from the global pandemic affect the food supply chain.

The company just added $250 million in Series E funding, giving it a valuation of $2 billion, to speed up the availability of its longer-lasting produce in the U.S. (where approximately 40% of food is wasted), the U.K. and Europe.

Existing investor Temasek led the round and was joined by a group of new and existing investors, including Mirae Asset Global Investments, GIC, Viking Global Investors, Disruptive, Andreessen Horowitz, Tenere Capital, Sweetwater Private Equity, Tao Capital Partners, K3 Ventures, David Barber of Almanac Insights, Michael Ovitz of Creative Artists Agency, Anne Wojcicki of 23andMe, Susan Wojcicki of YouTube and Katy Perry.

With the new funding, Apeel has now raised over $635 million since the company was founded in 2012. Prior to this round, the company brought in $250 million in Series D funding in May 2020.

Santa Barbara-based Apeel developed a plant-based layer for the surface of fruits and vegetables that is tasteless and odorless and that keeps moisture in while letting oxygen out. It is those two factors in particular that lead to grocery produce lasting twice as long, James Rogers, CEO of Apeel, told TechCrunch.

Apeel installs its application at the supplier facilities where the produce is packed into boxes. In addition to that technology, the company acquired ImpactVision earlier this year to add another layer of quality by integrating imaging systems on individual pieces as they move through the supply chain to optimize routing so more produce that is grown is eaten.

“One in nine people are going hungry, and if three in nine pieces of produce are being thrown away, we can be better stewards of the food we are throwing away,” Rogers said. “This is a solvable problem, we just have to get the pieces to the right place at the right time.”

The company is not alone in tackling food waste. For example, Shelf Engine, Imperfect Foods, Mori and Phood Solutions are all working to improve the food supply chain and have attracted venture dollars to go after that mission.

Prior to the pandemic, the amount of food people were eating was growing each year, but that trend is reversed, Rogers explained. Consumers are more aware of the food they eat, they are shopping less frequently, buying more per visit and more online. At the same time, grocery stores are trying to sort through all of that.

“We can’t create these supply networks alone, we do it in concert with supply and retail partners,” he said. “Grocery stores are looking at the way shoppers want to buy things, while we look at how to partner to empower the supply chain. What started with longer-lasting fruits and vegetables, is becoming how we provide information to empower them to do it without adding to food waste.”

Since 2019, Apeel has prevented 42 million pieces of fruit from going to waste at retail locations; that includes up to 50% reduction in avocado food waste with corresponding sales growth. Those 42 million pieces of saved fruit also helped conserve nearly 4.7 billion liters of water, Rogers said.

Meanwhile, over the past year, Apeel has amassed a presence in eight countries, operating 30 supply networks and  distributing produce to 40 retail partners, which then goes out to tens of thousands of stores around the world.

The new funding will accelerate the rollout of those systems, as well as co-create another 10 supply networks with retail and supply partnerships by the end of the year. Rogers also expects to use the funding to advance Apeel’s data and insights offerings and future acquisitions.

Thomas Park, president and head of alternative investments at Mirae Asset Global Investments, said his firm has been investing in environmental, social and governance-related companies for awhile, targeting companies that “make a huge impact globally and in a way that is easy for us to understand.”

The firm, which is part of Mirae Asset Financial Group, often partners with other investors on venture rounds, and in Apeel’s case with Temasek. It also invested with Temasek in Impossible Foods, leading its Series F round last year.

“When we saw them double-down on their investment, it gave us confidence to invest in Apeel and an opportunity to do so,” Park said. “Food waste is a global problem, and after listening to James, we definitely feel like Apeel is the next wave of how to attack these huge problems in an impactful way.”

 

#andreessen-horowitz, #anne-wojcicki, #apeel-sciences, #david-barber, #disruptive, #enterprise, #food, #food-and-drink, #food-supply-chain, #food-waste, #funding, #gic, #grocery-store, #james-rogers, #katy-perry, #michael-ovitz, #mirae-asset-global-investments, #recent-funding, #startups, #susan-wojcicki, #sweetwater-private-equity, #tao-capital-partners, #tc, #temasek, #tenere-capital, #thomas-park, #viking-global-investors

Colombian on-demand delivery startup Rappi raises ‘over’ $500M at a $5.25B valuation

Rappi, a Colombian on-demand delivery startup, has raised “over” $500 million at a $5.25 billion valuation in a Series G round led by T. Rowe Price, the company announced late Friday.

Baillie Gifford, Third Point, Octahedron, GIC SoftBank, DST Global, Y Combinator, Andreessen Horowitz and Sequoia Capital and others also participated in the round.

The new financing brings Rappi’s total raised since its 2015 inception to over $2 billion, according to Crunchbase. Today, the country has operations in 9 countries and more than 250 cities across Latin America. Its last raise was a $300 million a Series F funding round in September of 2020.

According to the Latin American Venture Capital and Private Equity Association (LAVCA), Rappi focused on delivering beverages and first, and has since expanded into meals, groceries, tech goods and medicine. The company also offers a cash withdrawal feature, allowing users to pay with credit cards and then receive cash from one of Rappi’s delivery agents. Today, the company says its app allows consumers to “order nearly any good or service.”

In addition to traditional delivery, it says “users can get products delivered in less than 10 minutes, can access financial services, as well as ‘whims,” and “favors.’ Whims allow users to order anything available in their coverage area. Favors offer an array of custom services, such as running an errand, going to the hardware store or picking out and delivering a gift. The two products allow users to connect directly with a courier. 

Simón Borrero, Sebastian Mejia, and Felipe Villamarin launched the company in 2015, graduating from Y Combinator the following year. A16z’s initial investment in July 2016 was the Silicon Valley firm’s first investment in Latin America, according to LAVCA.

#andreessen-horowitz, #apps, #baillie-gifford, #colombia, #companies, #delivery, #dst-global, #feature, #funding, #fundings-exits, #gic, #latin-america, #online-food-ordering, #rappi, #recent-funding, #reddit, #sequoia-capital, #softbank, #softbank-group, #startup, #startups, #t-rowe-price, #venture-capital, #websites, #y-combinator

Locus raises $50 million for its logistics management business

Locus, a startup that uses AI to help businesses map out their logistics, said on Wednesday it has raised $50 million in a new financing round as it looks to expand its presence.

The new round, a Series C, was led by Singapore’s sovereign wealth fund GIC. Qualcomm Ventures and existing investors Tiger Global Management and Falcon Edge also participated in the round, which brings the startup’s to-date raise to $79 million. The new round valued the startup, which was founded in India, at about $300 million, said a person familiar with the matter.

Angel investors Amrish Rau (CEO of Pine Labs), Kunal Shah (CEO of CRED), Raju Reddy (founder of Sierra Atlantic), and Deb Deep Sengupta (former President and MD of SAP in South Asia) also participated in the round.

Locus helps its clients automate their logistics workload — tasks such as planning, organizing, transporting and tracking of inventories, and finding the best path to reach a destination — that have traditionally required intensive human labor, said Nishith Rastogi, CEO of Locus, in an interview with TechCrunch.

“When you order from Licious or BigBasket, for instance, they need to decide each day at their centres how many vehicles they need to use, and what size of vehicles they need to go with,” Rastogi explained. These clients, he said, also need to assign drivers based on how familiar they are with the delivery area, and factor in the traffic to determine at what time they should leave for delivery.

“We help our clients move beyond visibility into all of these decision makings,” he said, adding that the startup uses proprietary algorithms and deep machine learning.

The startup — which operates in North America, Southeast Asia, Europe, and the Indian subcontinent — says it has helped its customers save over $150 million in logistics costs, and shaved off tens of millions of kilometres from their journey that they would have travelled otherwise.

Rastogi said the vast majority of the startup’s revenue today comes from international markets, especially North America. The startup said its platform is especially popular among FMCG, retail, and e-commerce firms as well as those who need distribution partners.

Locus enters into categories where the cost of logistics is a big portion of cost of goods sold and where the profit margin is thin, he said. “At many distribution or e-commerce companies, the cost of logistics can be 40% of the good sold. This gives our clients a huge incentive to make some changes,” he said, adding that brands across the globe are increasingly beginning to explore ways to optimize their supply chain networks.

“Locus’ smart product suite is optimizing supply chain efficiencies by using machine learning to deliver real-time tracking and insights for the last mile fulfillment,” said Varsha Tagare, Sr. Director at Qualcomm Technologies and Managing Director at Qualcomm Ventures, in a statement. “We’re excited to invest in Locus to enable logistics as a service and support their journey to become a global last-mile automation leader.”

Rastogi termed the new funding as “insurance money” as he said the startup already generates enough cash, but said the additional capital would help the startup as it looks to expand in additional markets and also broaden its technology team.

#asia, #funding, #gic, #india, #locus, #logistics, #tc, #tiger-global

Indian logistics giant Delhivery raises $277 million ahead of IPO

Delhivery, India’s largest independent e-commerce logistics startup, has raised $277 million in what is expected to be the final funding round before the firm files for an IPO later this year.

In a regulatory filing, the Gurgaon-headquartered startup disclosed it had raised $277 million in a round led by Boston-headquartered investment firm Fidelity. Singapore’s sovereign wealth fund GIC, Abu Dhabi’s Chimera, and UK’s Baillie Gifford also participated in the new round, a name of which the startup didn’t specify.

The new round valued the 10-year-old startup at about $3 billion. Delhivery — which also counts SoftBank Vision Fund, Tiger Global Management, Times Internet, The Carlyle Group, and Steadview Capital among its investors — has raised about $1.23 billion to date. The startup didn’t comment on Sunday.

Delhivery began its life as a food delivery firm, but has since shifted to a full suite of logistics services in over 2,300 Indian cities and more than 17,500 zip codes.

It is among a handful of startups attempting to digitize the demand and supply system of the logistics market through a freight exchange platform.

Research and image: Bernstein

Its platform connects consigners, agents and truckers offering road transport solutions. The startup says the platform reduces the role of brokers, makes some of its assets such as trucking — the most popular transportation mode for Delhivery — more efficient, and ensures round the clock operations.

This digitization is crucial to address the inefficiencies in the Indian logistics industry that has long stunted the national economy. Poor planning and forecasting of demand and supply increases the carrying costs, theft, damages, and delays, analysts at Bernstein wrote in a report last month about India’s logistics market.

Delhivery, which says it has delivered over 1 billion orders, works with “all of India’s largest e-commerce companies and leading enterprises,” according to its website, where it also says the startup has worked with over 10,000 customers. For the last leg of the delivery, its couriers are assigned an area that never exceeds 2 sq km, allowing them to make several delivery runs a day to save time.

Indian logistics market’s TAM (total addressable market) is over $200 billion, Bernstein analysts said.

The startup said late last year that it was planning to invest over $40 million within two years to expand and increase its fleet size to meet the growing demand of orders as more people shop online amid the pandemic.

#asia, #baillie-gifford, #chimera, #delhivery, #fidelity, #funding, #gic, #india, #logistics, #rivigo, #softbank, #softbank-vision-fund, #tiger-global, #tiger-global-management, #times-internet

The VC and founder winners of DoorDash’s IPO

After years of rumors and high-flying headlines, we finally have the S-1 for DoorDash. Alex has covered the primary details, but I figured it would be good to dive in so we can see who is raking in the returns on the country’s delivery startup champion.

DoorDash’s filing indicates that the company raised a combined $2.485 billion in capital across a seed round and eight rounds Series A-H. The three VC firms with the largest holdings noted in the filing were the SoftBank Vision Fund, Sequoia and Singapore’s GIC investment fund, listed here as Greenview (no relation to the cannabis fund of the same name that was charged with fraud a few years ago).

DoorDash’s most recent per share valuation was $45.91 for the Series H back in June. Shares purchased by investors over the entire life of the company had an average value of $8.73.

We’ll dive into the VCs and who won here in a second, but first, I want to discuss the founders and their ownership stakes. Co-founder and CEO Tony Xu currently owns 5.2% of DoorDash, according to the filing, which doesn’t include any future performance incentives. Co-founders Andy Fang, who is CTO, and chief product officer Stanley Tang both own 4.7% of the company. A fourth co-founder, Evan Moore, formerly head of operations at DoorDash and now a partner at DoorDash’s seed investor Khosla, doesn’t have his ownership listed as he is no longer an active executive with the company.

#doordash, #finance, #gic, #sequoia, #venture-capital, #vision-fund

India’s Razorpay becomes unicorn after new $100 million funding round

Bangalore-headquartered Razorpay, one of the handful of Indian fintech startups that has demonstrated accelerated growth in recent years, has joined the coveted unicorn club after raising $100 million in a new financing round, the payments processing startup said on Monday.

The new financing round, a Series D, was co-led by Singapore’s sovereign wealth fund GIC, and Sequoia India, the six-year-old Indian startup said. The new round valued the startup at “a little more than $1 billion,” co-founder and chief executive Harshil Mathur told TechCrunch in an interview.

Existing investors Ribbit Capital, Tiger Global, Y Combinator, and Matrix Partners also participated in the round, which brings Razorpay’s total to-date raise to $206.5 billion.

Razorpay accepts, processes, and disburses money online for small businesses and enterprises. In recent years, Razorpay has expanded its offerings to provide loans to businesses and also launched a neo-banking platform to issue corporate credit cards, among other products.

Mathur and Shashank Kumar (pictured above), who met each other at IIT Roorkee, started Razorpay in 2014. They began to explore opportunities around payments processing business after realizing just how difficult it was for small businesses such as young startups to accept money online less than a decade ago. There were very few payment processing firms in India then and startups needed to produce a long-list of documents.

The early team of about 11 people at Razorpay shared a single apartment as the co-founders rushed to meet with over 100 bankers to convince banks to work with them. The conversations were slow and stuck in a deadlock for so long that the co-founders felt helpless explaining the same challenge to investors numerous times, they recalled in an interview last year.

To say things have changed for Razorpay would be an understatement. It’s become the largest payments provider for business in India, said Mathur. Razorpay accepts a wide-range of payment options including credit cards, debit cards, mobile wallets, and UPI.

“Razorpay has established itself as a clear leader, with its strong focus on customer experience and product innovation,” said Choo Yong Cheen, Chief Investment Officer for Private Equity at GIC, in a statement. “GIC has a long track record of partnering with leading fintech companies globally and is delighted to partner with Razorpay in its journey to transform payments and banking.”

Some of Razorpay’s clients include budget lodging decacorn Oyo, e-commerce giant Tokopedia, top food delivery startups Zomato and Swiggy, online learning platform Byju’s, ride-hailing giant Gojek, supply chain platform Zilingo, caller ID service Truecaller, travel ticketing firms Yatra and Goibibo, and telecom giant Airtel.

The startup expects to process about $25 billion for nearly 10 million of its customers this year, said Mathur.

He attributed some of the growth to the coronavirus pandemic, which he said has accelerated the digital adoption among many businesses.

On the neo-banking and capital side, Mathur said, Razorpay expects RazorpayX and Razorpay Capital to account for about 35% of the startup’s revenue by the end of March next year.

Mathur said the startup’s payment processing service continues to be its fastest growing business and does not need much capital to grow, so the startup will be deploying the fresh funds to expand its neo-banking offerings to include vendor payment, and expense and tax management and other features.

The startup, which aims to work with over 50 million businesses by 2025, may also acquire a few firms as it explores opportunities around inorganic expansion in the neo-banking category, said Mathur.

“We will continue to make an impactful contribution to the growth of the industry, aid adoption in the under-served markets and drive new practices and a new thinking for the industry to follow. And this investment fits perfectly with our growth strategy,” he said.

#airtel, #asia, #byjus, #finance, #funding, #gic, #india, #oyo, #razorpay, #sequoia-capital, #sequoia-capital-india, #swiggy, #tokopedia, #truecaller, #zomato

Singapore’s GIC and TPG to invest $1 billion in Reliance Retail

GIC, Singapore’s sovereign wealth fund, will invest $752 million in Mukesh Ambani’s Reliance Retail, and TPG will invest $250 million in the Indian firm, they all said Saturday midnight (local time).

The Government of Singapore Investment Corp and TPG are the latest high-profile investors to back Reliance Retail, India’s largest retail chain, in the past four weeks. Reliance Retail — like its sister sibling Jio Platforms — is a subsidiary of Reliance Industries, India’s most valuable firm.

GIC’s andd TPG’s investments give Reliance Retail a pre-money valuation of $58.5 billion, the Indian firm said. GIC, which has backed firms in over 40 nations, will get a 1.22% equity stake in the retail giant, while TPG will secure 0.41% stake, they said.

The announcement today caps a busy week for Reliance Retail, which in the past three days has revealed that Mubadala ($855 million for a 1.4% stake), Silver Lake ($254 million for a 0.38% stake), and General Atlantic ($498 million for a 0.84% stake) would also be investing in it.

In total, investors have committed about $4.4 billion in Reliance Retail in the current fundraising spree. (Silver Lake committed to invest another $1 billion in Reliance Retail last month, and KKR has announced it would invest about $754 million.)

Reliance Retail, founded in 2006, serves more than 3.5 million customers each week (as of early this year) through its nearly 12,000 physical stores in more than 6,500 cities and towns in the country. Physical retail commands about 97% of all retail sales in India, according to estimates from several research firms.

“We believe Reliance Retail will continue to use its extensive supply chain and store networks, as well as strong logistics and data infrastructure, to add value to its customers and shareholders,” said Lim Chow Kiat, CEO of GIC, in a statement.

Reliance Retail operates supermarkets, electronics chain, fashion outlets, and a cash-and-carry wholesaler. In recent months, the firm has rushed to widen its dominance in the retail market. It bought several parts of Future Group, India’s second largest retail chain, for $3.4 billion in late August.

Late last year, it also entered the e-commerce space with JioMart. JioMart, a joint venture between Reliance Retail and Jio Platforms, has presence in over 200 Indian cities and towns and maintains a partnership with Facebook for a WhatsApp integration.

Facebook, which invested $5.7 billion in Jio Platforms earlier this year, has it will explore various ways to work with Reliance to digitize the nation’s 60 million mom and pop stores as well as other small and medium-sized businesses.

Jio Platforms has raised more than $20 billion in India this year from a roster of marquee investors including Facebook, Google, General Atlantic, Mubadala, Silver Lake, and KKR. Some industry executives have argued that investments in Jio Platforms make no business case and is largely foreign firms’ push to get friendly with Ambani, India’s richest man and an ally of Prime Minister Narendra Modi.

“I am delighted that GIC, with its track record of close to four decades of successful long-term value investing across the world, is partnering with Reliance Retail in its mission to transform the Indian retail landscape. GIC’s global network and track record of long-term partnerships will be invaluable to the transformation story of Indian Retail. This investment is a strong endorsement of our strategy and India’s potential,” said Mukesh Ambani, Chairman and Managing Director of Reliance Industries, in a statement.

The story was updated at 2.15 am IST to include details about TPG’s investment.

#amazon, #asia, #funding, #gic, #india, #jio-platforms, #reliance-retail