Penny Software, a Saudi Arabia-based B2B SaaS procurement startup, has secured a pre-Series A funding round. Investors The investment round was led by Iliad Partners, with participation from GSI and US-based Knollwood Investments. Existing investors, including Dallah Investment, Hambro Perks Oryx Fund, Class 5 Global, Altuwajiri family fund, and strategic …

Sprinto, a Bangalore, India-based security compliance and risk platform, has closed a $20 million Series B funding round, bringing its total capital raised to $31.8 million. Investors The round was led by Accel, with participation from existing investors Elevation Capital and Blume Ventures. Founded in 1983, Accel is a seed …

Mimo, a London, UK-based fintech platform simplifying global payments, cash flow, and financial management for SMBs and accountants, has secured €18 million in funding. Investors The round was led by Northzone, with participation from Cocoa Ventures, Seedcamp, Upfin VC, Fost Capital, and various angel investors from Stripe, GoCardless, Wayflyer, and …

Udio, a New York-based startup, has launched an AI-powered music-making app with $10 million in seed funding. Investors The round was led by a16z, with participation from angel investors including will.i.am, Common, Kevin Wall, Tay Keith, Steve Stoute’s UnitedMasters, Mike Krieger (Cofounder & CTO of Instagram), and Oriol Vinyals. Andreessen …

Clariti, a Vancouver, Canada-based company offering a SaaS solution for government permit and license processing, has secured $18 million in funding. Investors The investment came from Vistara Growth. Founded in 2015, Vistara Growth is a private equity firm based in Vancouver, Canada. The firm provides highly flexible growth debt and …

Lattice, a South Korea-based company that provides a contract management solution, has secured 2 billion KRW in pre-Series A funding. Investors The round was led by Ascendo Ventures, with participation from SpringCamp and Dasung Ventures. Founded in 2018, Ascendo Ventures is a Seoul, South Korea-based venture capital firm that aims …

Starboard Maritime Intelligence, a Wellington, New Zealand-based data analytics startup utilizing machine learning to detect suspicious activity by vessels at sea, has raised A$4.6 million (NZ$5M) in seed funding. Investors The round was led by Kiwi VC Altered Capital, supported by Icehouse Ventures, Invest South, Soul Capital, and the Whakatupu …