Mapping technology startup UNL has raised $4.5 million in a pre-Series A round, while Singapore-based True Global Ventures 4 Plus (TGV4 Plus) Fund has led the $17 million Series B round of Coinhouse.
UNL raises $4.5m pre-Series A
UNL, a Singapore-based micro-location infrastructure and new generation mapping technology startup, has raised $4.5 million in a pre-series A round to accelerate the development of the Internet of Places and expand operations in Southeast Asia, the Middle East and Africa.
The funding round was joined by a group of investors including HERE Technologies, a location data and technology platform; Elev8.vc, a Singapore-based early stage deep-tech VC fund; SGInnovate, a Singapore government-backed deep tech ecosystem builder and investor; Venturerock, an impact venture builder focusing on deep tech and deep impact; and Fernando Herrera, founder of Nordcloud.
The new funding comes over a year after the startup raised $2 million in 2020 from HERE Technologies, SGInnovate, Elev8.vc, Venturerock, and the US-headquartered global venture capital fund SOSV.
Founded in 2018, UNL offers smart micro-location platform that provides businesses with the mapping, location and data tools to build highly scalable, hyper-local services and applications. Adding a programmable layer to real-life locations, UNL is building the Internet of Places — a digital 1:1 geodata twin to transform places into the next digital platform, powering services from e-commerce and delivery to smart city and autonomous solutions.
To date, UNL has raised a total of $6.5 million since its establishment.
Elev8.vc is a Singapore-based early stage deep-tech VC fund. The fund invests in and supports promising early-stage enterprise companies and founders who develop incredible new technologies and have ambitious goals to redefine how business gets done.
SGInnovate builds and scales deep tech startups into high potential companies with global impact while Venturerock is an impact venture builder empowering founders who dare to change systems.
TGV4 Plus invests $5.7m in Coinhouse’s Series B round
Singapore-based True Global Ventures 4 Plus (TGV4 Plus) Fund has invested $5.7 million and led the $17 million Series B round of Coinhouse, a French company which has been providing cryptocurrency management and transaction services since 2015, according to an announcement.
Coinhouse allows users to buy, hold and sell Bitcoins, Ethereums and more than 40 cryptoassets. It is now an online platform for individuals and institutions who wish to acquire and secure their digital assets.
Coinhouse’s teams support users in building their asset portfolio and enables them to better understand this ecosystem. It has more than 500,000 clients in Europe and offers immediate access to many crypto assets carefully selected by its experts.
With this fundraising, Coinhouse will continue to diversify its offering, expand in Europe and strengthen its team to support its growth and allow European customers, individuals, and businesses, to diversify and grow their savings.
True Global Ventures (TGV) is a global venture capital firm built by a group of serial entrepreneurs with a solid track record of investing their own money together with limited partners into ventures run by serial entrepreneurs. Portfolio companies leverage Web3 technologies, incorporating blockchain as competitive advantages to drive change with proven products.
TGV is a distributed fund with a presence in 20 cities, including Singapore, Hong Kong, Taipei, Dubai, Abu Dhabi, Moscow, Stockholm, Paris, Luxemburg, Madrid, Warsaw, New York, San Francisco, and Vancouver.
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