Funding Roundup: Early-Stage Capital Acquired by Papaya, Gently, Mazaya and Others

Sep 30, 2022

It has been an amazing week for startups in the e-commerce, logistics and supply chain space. In this week’s Ecosystem Funding Roundup, we are thrilled to feature 6 of their notable achievements:

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Papaya Seed Funding 

UK-based startup, Papaya, has raised a $3.5Mseed round led by Giant Ventures. Founded early this year, Papaya is a multi-sided vehicle management platform that connects both fleets and an array of service providers to increase utilization and uptime. The newly injected capital will aid Papaya in disrupting the status quo of commercial fleets management in Europe, expanding the EV ecosystem and decarbonising fleets.

  • Year Founded: 2022

  • Founders: Santi Ureta, Renato Serra

  • Location: London, United Kingdom

  • Latest Funding: $3.5M Seed

  • Lead Investors: Giant Ventures

Aerodyne Bridging Funding 

Global drone service provider, Aerodyne Group, has secured $30M as part of its latest bridging round. Aerodyne is a drone-based pioneer in the use of artificial intelligence as an enabling technology for large-scale data operations, analytics and process optimisation with a presence in 35 countries. The funds will be used to support Aerodyne’s further expansion into regions like Europe and Africa, as well as strategic investments to further develop Aerodyne’s technology edge.

  • Year Founded: 2014

  • Founders: Kamarul A Muhamed

  • Location: Selangor, Malaysia 

  • Latest Funding: $30M Bridging Round

  • Lead Investors: Petronas Ventures

Gently Pre-Seed Funding 

San Francisco-based Gently has closed a new capital infusion of $2M in pre-seed money led by more than 20 angel investors which include Jason Calacanis’s Launch. Gently is an aggregator shopping platform that allows users to shop second-hand marketplaces like eBay and Depop. Users can search, filter, and get alerts from the biggest second-hand clothing sites. The new funds will be funneled to develop its machine learning to improve the search experience which helps to further grow its user base and expand its product categories.  

  • Year Founded: 2021

  • Founders: Kunal Rai, Samuel Spitz

  • Location: San Francisco, United States

  • Latest Funding: $2M Pre-Seed 

  • Lead Investors: Jason Calacanis’s Launch

Mazaya Pre-Seed Funding 

Mazaya, a B2B electronic e-commerce marketplace startup, has raised $5M in a pre-seed funding round. Mazaya was founded in 2021 with a mission to empower retailers and merchants of electronic goods and home appliances by enabling them to efficiently procure inventory for their stores through the Mazaya app. The company will leverage the capital to expand its operations in Egypt, grow in new markets and venture into other business segments.

  • Year Founded: 2021

  • Founders: Amir Aboul Fotouh

  • Location: Giza, Egypt 

  • Latest Funding: $5M Pre-Seed

  • Lead Investors: Raya Trade & Distribution

Una Series B Funding 

Singapore’s e-commerce rollup player, Una Brands, has raised $30M in Series B funding. Una Brands is a multi-channel e-commerce aggregator founded with a mission to shape the future of e-commerce for consumers by acquiring and growing well-loved and enduring brands. Una Brands will use its new funding on more acquisitions of high-quality e-commerce brands across key categories as well as develop its proprietary technology for expanding e-commerce brands across multiple channels. 

  • Year Founded: 2021

  • Founders: Kiren Tanna

  • Location: Singapore

  • Latest Funding: $30M Series B

  • Lead Investors: White Star Capital, Alpha JWC Ventures.

Strike Series B Funding 

Strike, a digital payment platform built on top of Bitcoin’s Lightning Network has secured $80M in a Series B funding round. Established in 2020, Strike is a digital payment provider that opens up payment networks that enable universal participation in the financial system. This includes services such as borderless money transfers, cheap payment processing, and new payment experiences. With the newly raised funds, the company strives to gain new partnerships and new financial products to enhance its payment solutions for more customers shopping online. 

  • Year Founded: 2020

  • Founders: Jack Mallers

  • Location: Chicago, United States 

  • Latest Funding: $80M Series B

  • Lead Investors: Ten31

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