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SoleSavy announced it has raised $12.5 million in Series A funding led by Bedrock Capital. Other investors include Jason Calacanis’ Launch, Panache Ventures, Origin Ventures, Bessemer Ventures, Turner Novak’s Banana Capital, Dapper Labs’ CEO Roham Gharegozlou, Shopify’s President Harley Finkelstein, and Thomas Wesley “Diplo” Pentz. This round for the community-based sneaker startup was secured less than six months after an initial seed round of $2 million bringing the total funding to date to $14.5 million. Since its launch, the company has experienced strong growth and “maintained a 90 percent daily active user rate,” said the brand. SoleSavy has also experienced “a threefold increase in membership and a revenue increase of 200 percent following the initial seed round in December 2020,” the brand continued. ....
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Wingocard launches alongside $3M seed funding to-date to help teens establish a foundation of personal finance knowledge through gamification Share Article Empowering teens with financial autonomy, Wingocard is the new debit account designed to keep things simple and help the next generation build a foundation of personal finance knowledge. Wingocard App More than ever, teens need a digital way to manage their money and Wingocard is a unique opportunity to provide them with fun and easy-to-use tools that will help them become financially independent. NEW YORK (PRWEB) May 19, 2021 Wingocard, the mobile banking app and debit card made to reward teens for being smart with their money, today announced its official launch, alongside $1.7M in funding in addition to a previous $1.3M, totaling $3M in seed funding to date. The most recent round was led by Panache Ventures, with participation from ....
Digital bank Relay raises $19.4 million to automate financial management for small business Share Article Relay, a digital banking platform for small businesses, announced today that it has raised USD $19.4 million in funding, including a $15 million Series A led by Bain Capital Ventures with participation from Better Tomorrow Ventures, Garage Capital, Tribe Capital, Panache and Amaranthine. This capital will accelerate Relay’s mission to increase the success rate of small business by automating financial management for business owners. TORONTO (PRWEB) May 13, 2021 Relay, a digital banking platform for small businesses, announced today that it has raised USD $19.4 million in funding, including a $15 million Series A led by Bain Capital Ventures with participation from Better Tomorrow Ventures, Garage Capital, Tribe Capital, Panache and Amaranthine. This capital will accelerate Relay’s missio ....
David Dufresne to depart Panache Ventures David Dufresne has decided to step away from Montréal-based Panache Ventures, the early-stage venture firm he helped launch. Dufresne shared the news Tuesday with Panache’s portfolio companies, limited partners and co-investors. The founding partner noted that he has been transitioning over the last few weeks to a part-time venture partner role with Panache. “Those of you aware of Panache’s origin story will understand how hard it is for me to move on from the firm I helped conceive and launch.”
“With Panache Ventures we are in the last year of the investment period for the first fund,” said Dufresne. “As we started discussing a second fund, my partners and I have found ourselves diverging on the topics of strategy, investment decision process, fund operations, and team management for Fund II. So we have decided to pursue alternative directions.” ....