North America

German air taxi firm Volocopter flies away with $55 mln: Reuters

Volocopter, a German air taxi firm, has secured 50 million ($55 million) euros in funding, reported Reuters. Geely Holding led the round.

Group Nine Media fetches $50 mln

Group Nine Media, a video publisher on mobile in the U.S., has raised $50 million in funding. The backers were Discovery Inc and Axel Springer SE.

AppZen locks in $50 mln Series C

AppZen, an AI platform for modern finance teams, has secured $50 million in Series C funding. Coatue Management led the round.

Kenmei Technologies picks up seed funding

Kenmei Technologies, a Spanish specialized company working on mobile network intelligence and automation, has raised 1 million euros in seed funding. The investors were GoHub Ventures, the investment vehicle of Global Omnium and R2 Seed Investments.

IceKredit snags $47 mln

China-based IceKredit, a credit evaluation institution for small and micro big data-focused businesses, has raised $47 million in funding. The investors include Frees Fund, Yunqi Partners, China Creation Ventures and Youzu Interactive.

Root Insurance racks up $350 mln Series E

Columbus, Ohio-based Root Insurance, a property casualty insurtech company, has secured $350 million in Series E funding. DST Global and Coatue led the round with participation from Drive Capital, Redpoint Ventures, Ribbit Capital, Scale Venture Partners and Tiger Global Management.

McRock Capital launches second industrial IoT venture fund

McRock Capital, a Canadian industrial internet-of-things venture capital firm, has raised C$80 million for its second venture fund. The target is C$100 million. Investors of McRock Fund II LP include Cisco Investments, Shell, BDC Capital, Export Development Canada, Alberta Enterprise Corporation and HarbourVest. Co-founded by Scott MacDonald and Whitney Rockley, McRock invests exclusively in industrial IoT companies across Canada, the US, and Europe.

Jump Capital promotes Shkolnik to principal

Jump Capital has promoted Yelena Shkolnik to principal. She first joined the Chicago-based venture firm in 2015 after working at MK Capital and Dreamworks.

Index Ventures leads Series B round for Spendesk

Paris-based Spendesk, a spend management platform for small to mid-sized businesses, has raised $38 million in Series B funding. Index Ventures led the round.

Vim raises $24 mln

Vim said Sept 9 that it raised $24 million in a Series B round led by Optum Ventures. The round also included investments from Premera Blue Cross and follow-ons by Great Point Ventures and Sequoia Capital. Vim, a healthcare platform, aims to align incentives between payers and healthcare providers.