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The VC Beat: Upstream Security draws in $30M; Thinksurance receives €13M


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The VC Beat: Upstream Security draws in $30M; Thinksurance receives €13M

This feature rounds up venture capital news and highlights larger deal coverage already published.

* Renault Venture Capital SAS led a $30 million series B round for Israeli cloud-based automotive cybersecurity platform Upstream Security Ltd. Volvo Group Venture Capital AB, Hyundai Motor Co., Hyundai Autoever Corp., Nationwide Ventures LLC and other investors participated in the round, alongside Charles River Ventures Inc., Glilot Capital Partners and Maniv Mobility, a fund managed by Maniv Bioventures LLC. Upstream Security obtained $9.0 million in a series A round in December 2017.

* German insurance startup Thinksurance GmbH secured €13 million in series B financing from Eight Roads Ventures, Tech EU reported.

* AlbionVC led a £6.4 million series A funding round for U.K.-based automatic speech recognition technology company Speechmatics Ltd., together with IQ Capital Partners LLP and several angel investors.

Additional coverage

Merck KGaA sets up 100M-Chinese yuan seed fund to invest in China startups

Software company Pensando Systems raises up to $145M in series C round

Report: Brazilian Eleva Educação seeks $200M in financing

Unless otherwise noted, historical funding data is sourced from the S&P Global Market Intelligence platform.