The Briefing: Fireblocks Lands $310M, Onto Raises $175M For Electric Cars, And More
Summary
Onto, a U.K.-based startup offering subscriptions for electric cars, raised $175 million in a Series B funding round consisting of equity and debt. Alfvén & Didrikson led the equity portion of the financing, while Pollen Street Capital provided the debt facility. ActiveFence, an Israeli startup offering tools to detect malicious activities online, revealed that it raised $100 million in funding. Venture investors are pouring money into robotics and automation startups amid a nationwide labor shortage and pandemic-induced supply chain disruptions. The round was led by Accel, with participation from new investors including Sound Ventures, Skip Capital and other enterprise and consumer technology executives.
Funding
Amount
$175.0M
Total raised
Date
July 27, 2021
Announcement date
Investors
Techcrunch, U.S. Centers for Medicare and Medicaid Services
Lead investors
Company
http://on.to
Funded company
Classifications
industries
No industries detected
applications
Reporting
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
VEDA Data Solutions
$1M to $5M