Drivy, a French car rental startup, has secured $35 million in investment for European expansion. The service currently operates in France, Germany and Spain and Drivy plans to add to the 36,000 cars on its system by added other European cities such as London. The company is also considering markets in Italy, Poland, Portugal and the Netherlands. Cathay Innovation and Nokia Growth Partners led the round. Bpifrance Ecotechnologies Fund, Via-ID and Index Ventures, all previous investors, also participated in this round of financing.
Evident.io, a provider of cloud infrastructure security and compliance automation, has completed a Series B funding round with Venrock valued at $15.7 million. “Venrock is one of the most successful and well respected venture capital firms in the technology sector,” said Tim Prendergast, co-founder and CEO of Evident.io. “Their support affirms our company’s high value pedigree and validates that our solutions are truly defining a new era for cloud infrastructure security, incident response, and compliance.”
uAvionix, an aviation communication systems startup, has closed a $5 million Series A investment led by Playground Global. The investment will be used to further accelerate the development and commercialization of the company’s avionics system. “The disruption of a marketplaces is an ambition for many startups and for investors to appreciate, requires a fairly major perspective shift from what they might be used to.” said Paul Beard uAvionix CEO. “We are determined to make a safer sky by combining disruptive technologies to bring an affordable ADS-B to market that’s compatible with the full scale aviation collision avoidance system that exists today.”
Xola, a booking and marketing software for the tours and activities market, has closed a $5 million Series A round. Rakuten Travel led the round with a $2.5 million investment. Xola will use the funds to scale its operations globally. “Rakuten Travel is excited to partner with Xola and we look forward to supporting Xola’s efforts to expand its global market position by providing an easy-to-use booking and marketing platform for diversified travel and tourism businesses,” said Takanobu Yamamoto, Executive Officer for Rakuten Travel.