APEXX, the first single marketplace for global payments, today announced its seed funding round and a grant award, in total 4 MUSD. New investors include Forward Partners, MMC Ventures and Alliance Venture. See article about funding.
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So far Alliance has created 26 blog entries.
Shoreline AS, a data analytics and simulation software company focused on the energy industry, has secured a new funding from a group of international venture capital funds, including Blue Bear Capital, Alliance Venture and Investinor. Shoreline has already taken a strong position in the offshore wind market, providing software-as-a-service (“SaaS”) to many of the largest offshore wind developers and operators.
At the Norwegian National Finale of the Nordic Startup Awards in Tromsø on September 7 Alliance Venture was announced as Investor of the Year based on votes from the public and jury. The Nordic Grand Finale will take place in Stockholm on October 18. See link for more details.
Alliance Venture has made a new portfolio investment in MemoScale, a NTNU spin-off and data storage software company. MemoScale has developed the Next Generation Erasure Coding software providing extreme capacity utilization and performance for data storage systems. Article in Norwegian: http://bit.ly/2oIIcwQ
Xeneta, the leading ocean freight benchmarking and market intelligence software platform, has raised 12 MUSD in a Series B round led by London-based Smedvig Capital. Existing investors including Creandum and Alliance Venture also participated in the round. Jan- Erik Hareid, Alliance Venture: “We are really impressed with the team as well as the growth and progress in Xeneta over the two years we have been involved with the company. We are excited about the future potential based on the unique position Xeneta has taken in the marketplace”
Alliance Venture participated alongside Northzone and Ojada in the largest funding round in Fusetools to date. Fuse has shown initial customer traction, and the capital will go towards scaling sales, marketing, support and product development. Please also see DN and Shifter stories.
Smart sensor developer Novelda, an Alliance Venture portfolio company, has closed a new 12 MUSD funding round. The funding will allow Novelda to take its XeThru vital sign and true presence sensors to high volume production. The company also announced that Cornelia Mender has been appointed new CEO to take the company to the next level. See also article.