Ionate has raised $17M in Series A funding to enhance its smart grid technology, while Fimple secured $12M for its core banking system aimed at financial institutions.
Information on the Target: Ionate
Ionate is an innovative smart grid technology platform established in 2019 by founders Luca Mezossy-Dona, Matthew Williams, and Roberto Ricci. The company specializes in developing advanced solutions aimed at enhancing the efficiency and reliability of energy management systems. Recently, Ionate has successfully secured $17 million in Series A funding, bringing its total equity funding to $21 million to date.
Information on the Target: Fimple
Fimple, founded in 2022 by Abdurrahman Cinar and Mucahit Gundebahar, offers a core banking system tailored for financial institutions. The company has rapidly gained traction in the fintech sector, achieving $12 million in Series A funding led by DN Capital. With this latest round, Fimple's total equity funding now stands at $17.5 million.
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Disclosed details
Transaction Size: $29M