We already talked in another post about the two most important financing operations in the Information Technology (IT) Services sector, according to CrunchBase. This time we will focus on the most recent financing operations.
These operations are not as significant as the ones described above, but they are worth highlighting due to their simplicity and the proximity of the date of their implementation.
These three operations that we are going to explain are carried out by small companies that need to increase their capital and do so through financing. Two of the companies are located in the same town (California) so they will be more direct competitors and they are both recently created companies.
On the other hand, the other is present in another part of the world (near Sao Paulo), where the national IT services market has varied a lot so far.
Let's quickly mention the most recent funding: this dates back to 16 July this year and is made by env0. The company is located in California, USA, a place where competition in this sector is very high. The company is young, born in 2018, so it would consist of a Seed Round, being a recent and small company. Despite this, the amount of funding raised is quite large, 3,500,000$, as Seed Rounds usually do not exceed tens of thousands of dollars.
In second place, there is the round launched by Kryptus on 13 July. Kryptus is a company based in Sao Paulo, Brazil, where the technology market is in the process of taking off. The company is focused on the cybersecurity of its clients. It has been in the market for 17 years and therefore has much more experience than the above-mentioned company. Despite this, its funding round is not much bigger, to be exact it is 3,700,000$, the only round it has done in its 17 years of existence. Its investor was Aerospace Fund.
Lastly, mention should be made of the round of funding raised by onetool on 10 July. This company is even newer than the first (env0), having been founded last year, in July 2019. It would therefore be classified as a Pre-Seed round. Its value is smaller than the other two, consisting of 1,700,000$ and this being its only round so far. Its lead investor was Y Combinatorand others such as AltaIR Capital, Happiness Ventures, High-Tech Grunderfonds.
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