Mastercard and Samsung Next returned for authenication technology provider Hypr's series C round while risk management software provider Archipelago raised $34m.
Funding
US-based passwordless authentication technology provider Hypr raised $35m yesterday in a series C round featuring payment services firm Mastercard and Samsung Next, a subsidiary of consumer electronics producer Samsung. The round was led by private equity firm Advent International’s Advent Tech fund and included RRE Ventures, .406 Ventures, BoldStart, Top Tier Capital, Mesh, Alumni Ventures Group and Allen & Co. Hypr said it has now raised over $70m in total, Mastercard and Samsung Next having both backed its $18.3m series B round in late 2019.
Archipelago, a US-based developer of risk management software for commercial property owners, has secured $34m in series B funding from investors including Prologis Ventures, the corporate venturing arm of warehouse operator Prologis. The round was led by venture capital firm Scale Venture Partners and also featured existing backers Canaan Partners, Ignition Partners, Zigg Capital and principals from Stone Point Capital. It had already…
