September 2020 - Soma Capital

Datasaur snags $3.9M investment to build intelligent machine learning labeling platform

Posted on September 29, 2020 by Aneel Ranadive

As machine learning has grown, one of the major bottlenecks remains labeling things so the machine learning application understands the data it’s working with. Datasaur, a member of the Y Combinator Winter 2020 batch, announced a $3.9 million investment today to help solve that problem with a platform designed for machine learning labeling teams.

The funding announcement, which includes a pre-seed amount of $1.1 million from last year and $2.8 million seed right after it graduated from Y Combinator in March, included investments from Initialized Capital, Y Combinator and OpenAI CTO Greg Brockman.

Indonesian fintech startup BukuWarung gets new funding to add financial services for small merchants

Posted on September 28, 2020June 2, 2021 by Aneel Ranadive

A month after completing Y Combinator’s accelerator program, BukuWarung, a financial tech startup that serves small businesses in Indonesia, announced it has raised new funding from a roster of high-profile investors, including partners of DST Global, Soma Capital and 20VC.

The amount of the funding was undisclosed, but a source told TechCrunch that it was between $10 million to $15 million. The new capital will be used to hire for BukuWarung’s technology team. TechCrunch first profiled BukuWarung in July.

Philippines payment processing startup PayMongo lands $12 million Series A led by Stripe

Posted on September 27, 2020June 1, 2021 by Aneel Ranadive

Stripe has led a $12 million Series A round in Manila-based online payment platform PayMongo, the startup announced today.

PayMongo, which offers an online payments API for businesses in the Philippines, was the first Filipino-owned financial tech startup to take part in Y Combinator’s accelerator program. Y Combinator and Global Founders Capital, another previous investor, both returned for the Series A, which also included participation from new backer BedRock Capital.

Rappi raises over US$300 million

Posted on September 24, 2020June 1, 2021 by Aneel Ranadive

It’s official: Rappi is raising big funds. We’d previously reported that the Colombian unicorn had rallied US$155.8 million as per a recent SEC filing. But the startup, via press release confirmed today (24) that it raised more than US$300 million.

It’s worth pointing out that within the aforementioned SEC document, the startup is aiming for US$350 million.

“We’re happy to be working with this team of investors who trust our growth model and believe in our region and the role we have to play in promoting local commerce and actively contributing to the region’s economic recovery. This round of investments will allow us to fund the business, our partners, and the future,” said Rappi in a statement.

Deel nabs $30M more for payroll, compliance and other tools to run global workforces

Posted on September 10, 2020June 1, 2021 by Aneel Ranadive

Remote working has become the norm for many of us not on the front lines, and what’s been notable is that this is also changing the mindset for a lot of organizations, which are now hiring from an increasingly global talent pool.

Flat, a Mexican property tech startup, raises $4.6M pre-seed led by ALLVP

Posted on September 6, 2020October 30, 2020 by Aneel Ranadive

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