Impala, a platform that serves up real-time data about hotel rooms, has raised $20 million from investors in a series B funding round. The new capital, which comes only four months after closing a successful $11 million Series A round, will allow the start-up to boost competition and consumer choice in the travel sector, suffering from outdated tech.
The Series B round was led by Lakestar, who has invested into companies Airbnb, GetYourGuide, HomeToGo, Klarna, Spotify and Revolut and was joined by Latitude Ventures. Announcing the investment Lakestar partner Chistoph Schu stated “This investment perfectly fits into our travel tech cluster, where we have done investments like AirBnB, GetYourGuide, HomeToGo, omio and others.”
Vezeeta, a healthcare platform operating in the Middle East and Africa, has raised a $40 Million Series D funding round led by UAE-based Gulf Capital. Vezeeta’s other investors include BECO Capital, Silicon Badia, Vostok New Ventures, Crescent Enterprises’ CE-Ventures, and Endeavour Catalyst.
Prior to this fund-raise, the company had raised $23M, bringing its total to $63M. This is one of the largest funding rounds of any tech startup in the Middle East and Africa to date. The startup has become something of a MENA success story by allowing patients to effectively see Uber-style ratings for healthcare providers.
EmployStream, a provider of onboarding automation to the staffing industry, announced the close of its $7 million Series B funding round led by Plymouth Growth Partners, with support from several key investors including JumpStart, Rev1 Ventures, Ohio Innovation Fund and North Coast Angel Fund. Based in Ann Arbor, Michigan, Plymouth Growth Partners has over $140 million under management and focuses on B2B product - and services companies that have scalable technology.
Mumbai-based online home furniture marketplace Pepperfry has raised $40 million in Series F funding led by Indian adhesives manufacturing company Pidilite Industries. The company, which has raised over $237.5 million in total so far, in 7 rounds of funding including a $131 million investment from Goldman Sachs in 2015 and 2016, is now reportedly looking to go public in the next 12-18 months.