Weekly top-tier VC June 28
1 Financial services for SMEs in India raised $25M 2 D2C, an educational toy company in India, raised $6M 3 Drug discovery and development company using AI in Hong Kong raised $255M and 3 others
SEQUOIA CAPITAL
①Progcap / Financial services for SMEs in India B2B FinTech
$25 million Series B
Highlights: Until now, small and micro businesses in India have not been able to borrow under the traditional credit assessment model, despite the rapid growth opportunities that come with economic development Progcap is trying to solve this problem.
②Skillmatics / Providing D2C educational toys in India D2C Education
$6 million Series A
https://www.skillmaticsworld.com/
Highlights: Skillmatics sales quintupled YoY due to increased demand for online educational toys as a result of the pandemic.
③GoMechanic / Provides auto body shop services in India B2C Automotive
$42 million Series C
https://gomechanic.in/ludhiana
Highlights: The auto maintenance industry has been slow to digitize, but the spread of smartphones has increased demand more than ever; GoMechanic is solving that problem, and the company's products and services are now available online.
④Insilico Medicine / a pharmaceutical company in Hong Kong that uses AI for drug discovery and development B2B biotech
$255 million Series C
Highlights: While there have been startups using AI to accelerate drug discovery, Insilico Medicine aims to use AI for the entire process from discovery to clinical trial prediction.
⑤Chainalysis / Blockchain data platform B2B Blockchain
$100 million Series C
Highlights: In recent years, blockchain-based security has become mainstream for governments and enterprises, and several startups are building the infrastructure, but Chainalysis is leading the field.
ANDREESSEN HOROWITZ
①Vantage / B2B software to help companies analyze and reduce AWS costs
$4 million Series A
Highlights: The recent growth of many SaaS products has made it difficult for companies to understand their costs; Vantage is trying to tackle transparency in the entire cost arena from AWS cost analysis.
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