We already talked in another post about the two most important financing operations in the Information Technology (IT) Services sector according to CrunchBase. This time we will focus on the most recent funding operations.
These operations are not as significant as the ones described above, but they are worth highlighting due to their simplicity and the proximity of the date of their implementation.
These three operations that we are going to explain are carried out by small companies that need to increase their capital and do so through financing. Two of the companies are located in the same town (California) so they will be more direct competitors and they are both recently created companies.
On the other hand, the other is present in another part of the world (near Sao Paulo), where the national IT services market has varied a lot so far.
Env0 and its million-dollar round seed in IT Services
Let's quickly mention the most recent funding: this dates back to 16 July this year and is made by env0. The company is located in California, USA, a place where competition in this sector is very high. The company is young, born in 2018, so it would consist of a Seed Round, being a recent and small company. Despite this, the amount of funding raised is quite large, 3,500,000$, as Seed Rounds usually do not exceed tens of thousands of dollars.
The first round of Kyptus
In second place, there is the round launched by Kryptus on the 13th of July. Kryptus is a company based in Sao Paulo, Brazil, a place where the technology market is taking off. This company focuses on its clients' cybersecurity. It has been in the market for 17 years, meaning it has much more experience than the previously mentioned one. Despite this, its funding round is not much larger; to be precise, it is 3,700,000$, this being the only round it has done throughout those 17 years of existence. Its investor was Fundo Aeroespacial.
Onetool and its round pre-seed
Finally, to mention the funding round carried out by Onetool on 10 July. This company is even more recent than the first one (env0), having been founded last year, in July 2019. Therefore, it would be classified as a Pre-Seed round. Its value is smaller than the other two, amounting to 1,700,000$, and this is its only round so far. Its lead investor was Y Combinatorand others such as AltaIR Capital, Happiness Ventures, High-Tech Grunderfonds.
▶ You may be interested in: IT Services: XDuce acquires Sans Computing