DTC's Daily Digest gives you the latest news on the fastest growing brands in the world. In today's release: Crowa Outdoors collects more than £ 375,000; more funding for Ala; integrates with Monese with PayPal, and offers new pricing plans.
Crua Outdoors lifts more than £ 375,000
The Ireland-based manufacturer of tents and swing, Crua Outdoors, which aims to be at the forefront of the "tent revolution", collected more than £ 375,000 in its latest fundraising tour of Seedrs, surpassing its target investment of over £ 200,000. This comes after a successful fundraising tour in January 2018, which raised a total of £ 268,968. The company aims to acquire a large slice of the European tent market, estimated at about $ 1 billion (£ 0.79 billion) by 2023.
Unlike traditional fabric tents, Crua Outdoor products purport to regulate heat, sound and light. Funding will be used for further technical innovation and support for DTC's marketing strategy, which includes an enhanced reality tool. In addition to manufacturing tents and recreational hammocks, the company also has an industrial arm, making it a bomb shelter.
More funding for ALA
A further 79.93 crore (£ 9.3 million) was raised in the current J Series financing round, with the latest inputs led by Sweden-based DIG Investment Ab, supported by companies like Deshe Holdings and founders of Jabbar Technology Investment Group. The latest financing takes the J series to about $ 485 million (£ 385.5 million), after previous support from Steadview Capital, Hyundai and Kia.
Recurrent investment from a group of international companies shows ongoing support for Unicorn, following news earlier this week that the subsidiary of First Electric has raised $ 250 million from SoftBank, which has also invested heavily in the parent company. However, Alula continues to struggle with negative press coverage in its domestic market in India, after a directive from the Karnataka government orders the company, along with the Ober competitor, to suspend all auto assembly activities within its jurisdiction.
Monese integrates with PayPal and offers new pricing plans
Fintech Monese launched the integration with PayPal, an online payment giant, enabling customers to manage their PayPal portfolio from within the Monese application. In contrast, Monese customers will now be able to add their cards to their PayPal digital wallet. The new close relationships with PayPal come after participating in the Monsey Series B round of financing in 2018, which raised a total of $ 60 million (£ 47.7 million) for European banking.
"We are working with innovators like Monese so that people outside the traditional financial system can use our tools to thrive," said Jennifer Mariner, vice president of global markets and PayPal partnerships. In the global economy. "
At the same time, Monese introduced new pricing plans, with varying flexibility in free withdrawals from ATMs and money-filling devices. These charges range from a "simple" tariff, which allows for withdrawals of up to £ 200 per month, to their Premium package at a cost of £ 14.95 per month, allowing unlimited transfers.