Tekton Newsletter #4

April 2021 Edition

Huge congrats to the Signifyd team as it announces a new round of $205M at $1.34B; as they always say, it’s only the beginning!

Signifyd raises $205M at $1.34B valuation for its e-commerce fraud protection software

Congrats to Raj and the entire team at Signifyd (US) for their $205M Series E round led by Owl Rock Capital. It’s been humbling to witness Signifyd’s relentless drive and focus over the last ten years. Starting from a team of two to now growing into the leading e-commerce fraud protection company.

🗞 E-Commerce Company Signifyd Raises $205 Million in Investor Funding - Wall Street Journal article

🗞 Extending Identity-Centric Commerce Protection Across Digital Shopping Globally - BusinessWire article

Merama comes out of stealth with $160M in funding to tackle LatAm’s e-commerce market

We are extremely excited to back our long-time friend and repeat founder Sujay Tyle on his new adventure: becoming the largest e-commerce product seller in LatAm. By partnering with and growing the top category-leading merchants in the region, the extraordinary team at Merama (Mexico) is on a mission to build a category-defining company in the online retail space. We are thrilled to share this exciting new journey with friends at Valor Capital, Monashees, and Balderton Capital amongst others.

🗞 Armed with $160M in funding, LatAm’s Merama enters the e-commerce land grab - TechCrunch article

🗞 Merama levanta $160M y se sube oficialmente al boom latino del eCommerce - Forbes (Mexico) article

Candex raises a $20M Series A for its payment processing software

Since launching in 2011, Candex (US) has been building the “Venmo for business”, acting as the “master vendor” for large companies on behalf of small suppliers. We could not be more delighted to work with our long-time friends at Altos Ventures on this new round of funding for the company.

🗞 Candex raises their Series A - Finledger article

🗞 American Express and JPMorgan join $20 million funding round - Finextra article

Cutover secures milestone $35M Series B as enterprises accelerate digital transformation

The round, led by Eldrige, comes as Cutover (UK) doubled revenues in 2020 by winning landmark projects, such as signing three of the five biggest US banks as customers.

🗞 Orchestration platform Cutover raises $35M for digital transformations - VentureBeat article

🗞 Cutover featured in the “One to Watch” section - The Stack article


More notable news 👇

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