Tag Archives: funding

Tampa, FL, June 07, 2024 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ:LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today announced a strategic collaboration to support the development of a new 15 MW hosting site being developed by Arthur Mining Inc., near Oklahoma City. In connection with collaboration, LM Funding has committed to loaning $2.5 million to a new joint venture, majority-owned by Arthur Mining and co-owned by a third-party, in order to accelerate completion of the 15 MW hosting site.

As part of the agreement, the Company has entered into a hosting contract with Arthur Mining for approximately 3,000 of the Company’s Bitmain Antminer S19j Pro machines to be deployed at the new…

BotGuard, a Tallinn, Estonia-based cybersecurity software company, raised €12M in Series A funding.

The round was led by MMC Ventures. Existing investors Tera Ventures and Expeditions Fund also participated in the round, alongside prominent angel investors including Stefan Lindeberg.

The company intends to use the funds to further develop its technology, recruit tech development talent, and expand its sales and marketing teams as it continues to scale globally. 

Founded in 2019 by Nik Rozenberg, CEO, and Denis Prochko, CTO, BotGuard is a global web traffic management company that enables businesses to manage good, bad, and neutral web traffic. Its proprietary technology selectively blocks negative traffic (malicious bots) and neutral traffic – which would…

Rocket.Chat, a Wilmington Del.-based startup that provides an open-source chat platform, raised US$ 10m in a Series A “bridge” funding round.

The round was led by Alexia Ventures, Endeavor Catalyst, Endeavor Scaleup Ventures, Bob Young (Founder of RedHat), NEA and Valor Capital Group, in addition to investors such as Greycroft, Monashees, DGF, and Graphene.

The company, which had already raised US$19m in February 2021, intends to use the funds for Research & Development and commercial expansion.

Founded in 2016 and led by Gabriel Engel, CEO, Rocket.Chat provides a Commercial Open Source Software (COSS) communications platform that allows for collaboration between colleagues, across organizations (through bridges, such as MS Teams or federated servers) and…

The investment will enable Convesio to accelerate development of its unique container-based solution and continue to disrupt a market that is slow to innovate.

The investment was secured from a selected group of the private investors, some of whom originally contributed to Convesio’s crowdfunding round in 2019, which raised more than $1M from over 800 individual investors.

The decision to fund further builds on the achievements of Convesio in the last two years, which have validated capabilities of the platform, and the opportunity demonstrated by a growing market. Here, most of the competition still provides costly and complex solutions, based on legacy technology.

“TLC Creative Services specializes in helping large enterprises with in-person and virtual events. Our virtual events…

The COVID-19 pandemic has left countless thousands of restaurant professionals in the US starving for business. With nearly 80,000 restaurants that shut down permanently within a year after the start of the pandemic, millions of food service jobs have been eliminated. Yet despite the damaging effects of the pandemic, professional culinary artisans — from baristas and bakers to pastry chefs and sous-chefs — are taking an entrepreneurial approach to keeping their passion for marking food alive and profitable.

As several states update their cottage food laws, making it easier and safer to create kitchen-based services — from home-based to commercial kitchens…