Ideo contributed to female-focused debit card provider Sequin's $5m seed round while Nikon has exited motion data software developer Wrnch.

Funding

Sequin, the US-based developer of a debit card for women that helps build credit, has completed a $5m seed round that included design agency Ideo, Y Combinator, Matrix Partners, Scribble Ventures, Thomvest and Commerce Ventures, Forbes has reported. The company had previously received $700,000 in pre-seed funding from angel investors including Carrie Schwab, Kevin Weil, Deb Liu, Dorothy Jean Chang and various female employees at Ideo.

Software producer Microsoft’s M12 subsidiary has co-led a C$3.15m ($2.5m) seed round for Private AI, a Canada-based developer of machine learning and natural language processing tools designed to maintain privacy. The round was led by venture capital fund Forum Ventures and included Shasta Ventures, Hyperplane Venture Capital, Parliament Angels and Differential Ventures, the last of which had taken part in the company’s $300,000 pre-seed round. Private AI also named angel investors Ajay Agrawal and Chris Hadfield as backers.

UK-based weather modelling software developer…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.