Tracking Tiger Global (Week 43) | 24.10-31.10.21
12 announced deals ranging from $3m seed to $600m Series E
Dear subscribers,
Welcome to the 10th edition of Tracking Tiger Global, a newsletter that provides weekly updates on Tiger Global’s latest investments.
12!! new deals with Tiger’s involvement were announced this week. Given the number of deals, I will keep the company profiles very short in this edition…
HINGE HEALTH (US | $600m Series E | Healthtech | Tiger co-led)
SWAP (Brazil | $25m Series A | Fintech | Tiger led)
ABACUS.AI (US | $50m Series C | SaaS | Tiger led)
CLICKUP (US | $400m Series C | SaaS | Tiger co-led)
UNION54 (Zambia | $3m Seed | Fintech | Tiger led)
MEDABLE (US | $304m Series D | Healthtech | Tiger co-led)
USERGEMS (Austria | $20m Series A | Hardware | Tiger participated)
ZOLVE (India | $40m Series A | Fintech | Tiger participated)
GROWW (India | $251m Series E | Fintech | Tiger participated)
QUICKNODE (US | $35m Series A | Fintech | Tiger led)
SELFBOOK (US | $25m Series A | SaaS | Tiger led)
AUTHING (China | $23m Series A | SaaS | Tiger led)
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HINGE HEALTH (US | $600m Series E | Healthtech | Tiger co-led)
Founded in 2015 and based in the US, “Hinge Health offers digital, non-surgical treatments for MSK conditions. Patients are provided with wearable sensors and a tablet computer with preinstalled Hinge Health software, which then creates a remotely-delivered, coach-led 12-week Digital Care Pathway for musculoskeletal conditions. Patients are given personalized therapy through an online coach and provided with support on how to change behavior to improve their health.”
Source: press release, Atomico blog
SWAP (Brazil | $25m Series A | Fintech | Tiger led)
Founded in 2018 and headquartered in Brazil, Swap is a BaaS platform that “aims to empower companies to transform their financial operations via its APIs, which it says offers users “the infrastructure for various financial solutions, allowing them to monetize their platforms.”
Source: TC
ABACUS.AI (US | $50m Series C | SaaS | Tiger led)
Founded in 2019 and headquartered in the US, “Abacus.AI offers the world's first cloud AI platform that handles all aspects of machine and deep learning at an enterprise scale. Their customizable, end-to-end autonomous AI service trains machine and deep learning models for common enterprise AI use cases. These range from churn prediction, time-series forecasting, and deep-learning-based personalization to custom, highly-specific models with a state-of-the-art toolset that allows ML practitioners and data science teams to wrangle data.”
Source: Press release
CLICKUP (US | $400m Series C | SaaS | Tiger co-led)
Founded in 2017 and headquartered in the US, “ClickUp is the world's only all-in-one productivity platform that flexes to the way people want to work. It replaces all individual workplace productivity tools with a single, unified platform that includes project management, document collaboration, spreadsheets, chat, and goals.”
Source: Press release
Union54 (Zambia | $3m Seed | Fintech | Tiger led)
Founded in 2021 and headquartered in Zambia, Union54 is “an API platform that allows African software companies to issue and manage their debit cards without needing a bank or third-party processor.”
Source: TC
MEDABLE (US | $304m Series D | Healthtech | Tiger co-led)
Founded in 2015 and headquartered in the US, Medable “provides an end-to-end, global cloud platform with a flexible suite of tools that allows sponsors, patients, providers & CRO's to work together as a team in clinical trials.” The solutions “enable more efficient clinical research, more effective healthcare delivery, and more accurate precision and predictive medicine.”
Source: Press release
USERGEMS (Austria | $20m Series A | Hardware | Tiger participated)
Founded in 2013 and headquartered in Austria, Usergems is a platform that “combines AI with data mapping to help identify the most likely candidates for B2B sales and marketing prospecting.” The main proposition is around tracking and surfacing customers when they change jobs.
Source: TC
ZOLVE (India | $40m Series A | Fintech | Tiger participated)
Founded in 2020 and headquartered in India, Zolve is a cross-border neobank that helps immigrants in the US gain access to financial services.
Source: TC
GROWW (India | $251m Series E | Fintech | Tiger participated)
Founded in 2016 and headquartered in India, “Groww allows users to invest in mutual funds, including systematic investment planning (SIP) and equity-linked savings, gold, as well as stocks, including those listed at U.S. exchanges”
10. QUICKNODE (US | $35m Series A | Fintech | Tiger led)
Founded in 2017 and headquartered in the US, “QuickNode makes it easy for companies and software engineers to set up and integrate with 10 blockchains, including Ethereum, Bitcoin and Binance Smart Chain.”
Source: Bizjournals
SELFBOOK (US | $25m Series A | SaaS | Tiger led)
Founded in 2020 and headquartered in the US, “Selfbook describes itself as the Shopify for Travel and operates at the intersection of hospitality and fintech. "Hotels can implement its technology, according to Meniri, “with a single line of code” to improve their booking experience directly on their existing reservation systems.”
Source: TC
AUTHING (China | $23m Series A | SaaS | Tiger led)
Founded in 2020 and headquartered in China, Authing “provides applications with authentication, authorization, user management, and security risk control services through identity-as-a-service (IDaaS) cloud computing.”
Source: Techinasia