LenDenClub invested in six Indian fintech companies through its venture scheme while Alphabet participated in clinical trial management startup Paradigm’s $203m series A round.
Funding
LenDenClub Alpha, the corporate venturing support and mentoring scheme launched by peer-to-peer lending platform LenDenClub, has invested an undisclosed amount in six India-based financial technology startups through the unit‘s Bharat FinTech Program: Finswealth, FlashPay, P2P Bazaar, FinPlay, Upmarket India and Filit.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Paradigm | Cancer-focused clinical trial management platform | Healthcare | US | A | 203 | 27/01/2023 | Alphabet (GV); Arch Venture Partners (co-lead), General Catalyst (co-lead), Fidelity (F-Prime Capital), Lux Capital, Magnetic Ventures, Mubadala Capital, American Cancer Society (BrightEdge) |
| Meati | Mushroom root-derived meat substitute producer | Consumer | US | C | 172 (updated) | 26/01/2023 | Chipotle Mexican Grill (Cultivate Next); Revolution Growth, CPP Investments, Grosvenor Food & AgTech, Wellington Management, Rockefeller Capital |
| Boxx Insurance | Cyber insurance provider | Financial | Canada | B | 14.4 | 31/01/2023 | Zurich Insurance (lead) |
| Edenfarm | Farm-to-late fresh produce provider | Consumer | Indonesia | Pre-B | 13.5 | 30/01/2023 | Telkomsel (TMI Ventures) (lead); AppWorks, AC Ventures, Capria Ventures, unnamed other investors |
| Aedifion | Property energy management platform | Services | Germany | A | 13 | 27/01/2023 | SAP (Hopp), Drees & Sommer, Bauwens, Phoenix Contact Group (Phoenix Contact Innovation Ventures); BeyondBuild (co-lead, World Fund (co-lead), Momeni Group (Momeni Ventures), BitStone Capital |
| Greyter Water Systems | Provider of residential greywater reuse system | Industrial | US | B | 10 | 30/01/2023 | Ferguson (Ferguson Ventures) (co-lead), Lennar (Lenx) (co-lead) |
| Eavor Technologies | Geothermal energy technology developer | Energy and Natural Resources | Canada | N/A | 7.7 | 31/01/2023 | BP (BP Ventures) (lead), Helmerich & Payne |
| Ethos Wallet | Digital asset access provider | Financial | US | Seed | 4.2 | 26/01/2023 | Mysten Labs, Matrixport; Boldstart Ventures (co-lead), Gumi Cryptos Capital (co-lead), Tribe Capital, Charge Ventures, Alliance DAO, Meltem Demirors |
| VitaDAO | Decentralised longevity research group | Healthcare | Switzerland | N/A | 4.1 | 30/01/2023 | Pfizer (Pfizer Ventures); Balaji Srinivasan |
| Saarthi Pedagogy | Learning management software provider | Services | India | Pre-A | 3.7 | 31/01/2023 | Prestige Group (Pinnacle Investments); GVFL |
| Kick Avenue | Collectable sneakers marketplace | Consumer | Indonesia | A | 2.9 | 30/01/2023 | Kream, SneakersLAH |
| Lquom | Quantum internet technology developer | IT | Japan | A | 2.3 | 31/01/2023 | Oxide, Macnica, Mitsubishi UFJ (Mitsubishi UFJ Capital); SBI Holdings (SBI Investment), Japan Science and Technology Agency, Incubate Fund |
| Educa & Quest | Enquiry-based career education programme provider | Services | Japan | N/A | 1.5 | 31/01/2023 | TechMatrix |
| Voldex | Roblox and Minecraft-focused video game content developer | Media | US | A | N/A | 24/01/2023 | Pow Interactive; Andreesen Horowitz (lead), Dune Ventures, Makers Fund, Lalotte Ventures |
| Equa Health | Mindfulness training app developer | Healthcare | US | Pre-Seed | N/A | 26/01/2023 | Tripp |
| Xiaodu | AI voice assistance spinoff of Baidu | IT | China | B+ | N/A | 30/01/2023 | China Reform Fund |
| BionicM | Robotic prosthetic leg developer | Healthcare | Japan | N/A | N/A | 31/01/2023 | NEC Corporation (NEC Capital Solutions’ N Venture Capital); Shinsei Bank (Shinsei Corporate Investment), University of Tokyo (University of Tokyo Innovation Platform), Tokyo Kiraboshi Financial Group (Kiraboshi Capital), Chiba Bank (Chibagin Capital), Yoshitsune Ido, AIS Capital, Koh Gen |
| Ecommit | Textile recycling service | Services | Japan | N/A | N/A | 31/01/2023 | Itochu; Kips (Independents Angel Fund 2, KE Fund) |
| Sauber Group | Formula 1 team | Media | Switzerland | N/A | N/A | 31/01/2023 | Volkswagen Group (Audi) |
