6/21/16 – VC/PE News – Apruve – Lightcyber – Socure – Promisepay

From Bizjournals.com:


“A Minneapolis startup that aims to make it easier for businesses to buy products from other businesses has closed on $2.2 million in capital.  Apruve Inc. announced the Series A round of funding led by Atlanta-based TTV Capital on Wednesday………Palo Alto, Calif.-based venture capital firm Allegis Capital also participated in Apruve’s round of funding.  Twin Cities investors that previously backed the company include Minneapolis-based Matchstick Ventures.”
Full Article


“Cybersecurity startup LightCyber raised $20 million in funding Wednesday to use behavioral analytics to secure networks.

Access Industries led the Series B round through its Israeli technology investments entity, Claltech. Existing investors Battery Ventures, Glilot Capital Partners, Amplify Partners and Cato Networks CEO Shlomo Kramer also participated in the fundraising. Claltech CEO Daniel Shinar will join LightCyber’s board of directors with the investment. The company has raised more than $36 million to date.”
Full Article

From Finextra.com:


“Santander InnoVentures, the fintech venture capital fund of the Spanish banking group, has taken an undisclosed stake in New York-based digital identity startup Socure, growing its portfolio of fintech partnerships to nine companies since launch in 2014.”
Full Article

From Techcrunch.com


Total Equity Funding:  $12.25M in 5 Rounds from 8 Investors

Most Recent Funding:  $10M Series A on June 19, 2016

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