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Israel’s Upstream Security has notched $30 million in a Series B funding round led by Renault Venture Capital, Upstream announced in a press release on Monday (Oct. The funding included Volvo Group Venture Capital, Hyundai, Hyundai AutoEver, Nationwide Ventures as well as others.
The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV. The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades.
Others participating in the funding included companies such as Goldman Sachs , Canaan Partners, F-Prime Capital and Lerer Hippeau and noted individuals, including Jacob Gibson, NerdWallet co-founder, and Jason Owen, senior vp at Credit.com. The agreement is designed to help small businesses grow through easy-to-access capital and financing.
The LTP team has been actively following the investment activities in FinTech around the world for the last three months (January, February & March) and it’s time to sum up.
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