“SMBs Secure $100M Investment in Coro’s Cybersecurity Solution, Valued at $750M”

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Now, Coro — one of the startups building tools specifically for smaller businesses — is announcing a big round of funding after seeing its recurring revenues shoot up 300% in the last year. Sources close to the deal tell TechCrunch that its valuation is over $750 million post-money. And among SMBs responding to a survey from Digital Ocean, 74% named data privacy a top concern. The opportunity in the security market for SMBs that Coro has identified is that these businesses typically lack the teams and internal IT budgets to dedicate to building and managing their defenses. Its round last year, in April 2023, was $75 million at a $575 million valuation (also post-money).

“Moove Secures $100M Investment from Uber and Achieves $750M Valuation for African Mobility Fintech Expansion”

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Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plots expansion into new markets. Moove says it plans to use the new capital to expand its revenue-based vehicle financing platform to 16 markets by the end of 2025. Moove takes a two-pronged approach to vehicle financing. The vehicles provided to Moove customers vary from traditional options like Toyotas and Suzukis to electric vehicles (EVs) such as Teslas. The vehicle financing startup operates large EV fleets in the UAE and the U.K.