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The 10 largest VC rounds of August 2020

AIN.TECH selected 10 startups from CEE and Kazakhstan that have raised the largest investments in August 2020.

UiPath, $225M

The Robotic Process Automation company UiPath has closed its Series E investment round, raising $225 million at a post-money valuation of $10.2 billion.

The round was led by Alkeon Capital Management with participation from Accel, Coatue, Dragoneer, IVP, Madrona Venture Group, Sequoia Capital, Tencent, Tiger Global, Wellington.

UiPath designs and develops end-to-end platform for hyper-automation, combining the  RPA solution with a full suite of capabilities that enable each organization to scale digital business operations quickly. 

Varjo, $54M

Helsinki-based Varjo company has closed a Series C round worth about $54 million.

The investors include Lifeline Ventures, Atomico, EQT Ventures, Volvo Cars Tech Fund and new ones, such as Tesi, NordicNinja, and Swisscanto Invest.

Varjo is creating the advanced VR/XR hardware and software for industrial use, merging the real and virtual worlds seamlessly together in human-eye resolution. 

Supermetrics, $47M

The data management and analysis tool for marketers Supermetrics has raised $47 million in a new funding round.

The round was led by Highland Europe with participation from IVP, Amit Agarwal, CPO at Datadog, and Ilkka Paananen, CEO of Supercell.

Supermetrics is a SaaS tool that pulls data from various sources to use for web analytics, social media, and online marketing. 

Swappie, $42.3M

Helsinki-based end-to-end online marketplace for buying and selling refurbished smartphones Swappie has closed a $42.3M Series B funding round.

TESI, Lifeline Ventures, Reaktor Ventures, and Inventure are among the investors.

The company is aimed to refurbish iPhones using the latest technology and reducing environmental waste. 

PandaDoc, $30M

Document automation solution PandaDoc has attracted $30 million in a Series B financing round led by One Peak Partners. 

Microsoft’s (М12) Venture Fund, Savano Capital Partners, Rembrandt Venture Partners, and EBRD Venture Capital Investment Programme participated in the round.

Founded by Mikita Mikado, San Francisco-based PandaDoc company develops software for the full cycle of the sales documents automation from proposal to electronic signature and payment.

Quuppa, $23M

The global provider of Real-Time Locating Systems Quuppa has received $23 million in its first-ever round of funding led by Finland-based private equity fund Bocap and Tech Consulting Group TCG Oy.

The company develops a technology platform that provides real-time tracking with centimetre-level accuracy, which gives an opportunity for customers in a variety of industries to correctly and reliably locate Bluetooth-enabled devices.  

Infermedica, $10.25M

Digital healthcare company Infermedica has received $10.25 million in a Series A funding round led by the European Bank for Reconstruction and Development and Heal Capital. 

Existing investors Karma Ventures, Inovo Venture Partners, and DreamIT Ventures also participated in the round.

Infermedica develops machine learning and AI-tools for preliminary medical diagnosis and patient triage including Symptom Checker and COVID-19 Risk Assessment.

Kompany, €6M 

Austrian global business verification company Kompany has attracted €6 million from Fairway Global Investment and Global Brain as leading investors. 

Previous ones European Super Angels Club and the startup’s management team also participated in the round.

Kompany provides real-time audit-proof business verification data for business “know your customer” needs.

FitAdept, $260k

Polish provider of personal training FitAdept has attracted over $260,000 from AgriTech Hub and three business angels.

FitAdept develops the B2C fitness platform for conducting individual online workouts, as well as a network of personal trainers in Poland. 

AWSM Bank, $150k

Full-service banking for teenagers AWSM Bank has raised $150,000 from 500 Startups in the frames of the agreement with QazTech Ventures.

AWSM Bank is an edtech company that develops online-banking for teens. The startup is aimed to educate its young users financially, as well as their parents, by intertwining theoretical content with full-service banking.

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