midsize Archives - 附近上门 News /tag/midsize/ Data-driven reporting on private markets, startups, founders, and investors Mon, 09 Sep 2019 15:06:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 /wp-content/uploads/cb_news_favicon-150x150.png midsize Archives - 附近上门 News /tag/midsize/ 32 32 Three Interesting Midsize Venture Deals To Start Your Week /venture/three-interesting-midsize-venture-deals-to-start-your-week/ Mon, 09 Sep 2019 15:06:03 +0000 http://news.crunchbase.com/?p=20335 It鈥檚 the Monday after a holiday week. So of course everyone鈥檚 announcing the funding rounds they didn鈥檛 want to announce last week, due to it being a holiday week and so many people being on vacation.

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To kick off this week, we鈥檙e highlighting three midsize deals, ranging each from $45 million to $55 million, that caught our eye. Notably, two of them involved German startups.

ProGlove

Munich-based is an Industrial IoT company that鈥檚 making 鈥渟mart wearables鈥 such as intelligent gloves and arm mounted displays. Its smart glove, dubbed , (per itself) 鈥渃an be connected to other devices such as tablets, smartwatches or wearable terminals via Bluetooth Low Energy (BLE).鈥 The company also makes a wearable scanner, dubbed , that gives industrial users the ability to 鈥渟can while keeping their hands free.鈥 Its goal is to help manufacturing and logistics staff 鈥渨ork safer, faster and easier.鈥 Customers include Audi, BMW, Bosch, Daimler, and DHL.

Investors apparently like what they see. The five-year-old, 133-person company a $40 million from Boston-based . It鈥檚 raised over its lifetime, according to its 附近上门 profile. Previous backers include 聽 (which has invested in ProGlove multiple times) and .

In a , ProGlove said it plans to use the new capital primarily to expand its global footprint.

AppZen

Over on this side of the pond, San Jose-based has developed a platform for finance teams that uses 鈥渄eep learning, computer vision and semantics analysis鈥 to help companies do things like gain better visibility, detect risks and identify misuse.

The seven-year-old company touts that a fourth of the Fortune 500 use its offering. Its more than 1,500 enterprise customers include Amazon, WeWork, Salesforce, and Charles Schwab, among others. It鈥檚 just raised led by and that included participation from existing investors and . The round brings AppZen鈥檚 to $100.9 million since its inception, according to its 附近上门 profile. Previous backers include and .

In a , AppZen said it plans to use the new funding to 鈥渁ccelerate its mission to become the leading artificial intelligence (AI) platform for CFOs and their teams to reduce spend, comply with policy and streamline process.鈥 It also noted that it 鈥渜uintupled its revenue in 2018 and expanded to over 200 employees鈥 and plans to increase its workforce by 146 percent by year鈥檚 end, 鈥渁s well as expand its go-to-market efforts globally.鈥

Volocopter

Another German startup also announced a raise today. makes electric air taxis in an effort to increase 鈥渦rban air mobility.鈥 Its goal is to 鈥渟ave people time and to help megacities transform their transportation systems towards a more sustainable future by adding a new mobility option for their citizens.鈥

The eight-year-old company announced today the first close of its Series C with a $55 million financing led by China-based that included participation from German auto giant The round brings Volocopter鈥檚 to about $89.7 million, according to its 附近上门 profile. Previous backers include and Switzerland鈥檚 .

In a press release, Volocopter said it expects a second closing of its Series C by year鈥檚 end. It plans to use the 鈥渢owards receiving commercial certification by the European Aviation Safety Authority (EASA)鈥 for its VoloCity aircraft.

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