SE Watch 04 - RapidSOS secures another $25 million while Sempli closes $8 million Series A

RapidSOS raises $25 million more to furnish first responders with emergency data

Over a decade ago, Michael Martin’s father fell off the roof of his home in Rockport, Indiana, breaking his wrist and shattering his hip. Unable to dial 911 from his cellphone, he laid outside in freezing cold until his wife came home and contacted emergency services from their landline.

This catalyzed the founding of RapidSOS in 2012, a startup headed by Martin and Nicholas Horelik with the mission of furnishing 911 responders with superior data. Its first product — a discontinued smartphone app called Haven — enabled users to check in with family or tap visual tiles to quickly initiate a 911 call while transmitting emergency info. In the subsequent years, Haven was supplanted by technologies designed to allow public safety answering points (PSAPs) to access smartphone hybrid location information.

RapidSOS attracted the attention of investors in 2015, who committed $500,000 in grant funding to enable it to build out its business-to-business portfolio. They haven’t lost interest; following an initial series B funding round totaling $30 million, the company today announced that it’s raised a $25 million extension led by Energy Impact Partners (EIP). Martin says the fresh funds will support its efforts to secure new data partners and broaden the availability of RapidSOS’ emergency response platform. continue reading on venturebeat

Colombian fintech Sempli raises $8 million in Series A round led by Oikocredit and Incofin CVSO

Sempli, the leading online lending platform for small businesses in Colombia, has secured a USD 8 million Series A round led by Oikocredit and Incofin CVSO.Existing and new investors joined the round, including BID LAB (Interamerican Development Bank), XPT1 Fund, Generación Exponencial and Impulsum Ventures among others.

The funding comes with additional loan facilities.Sempli is a digital lender that began operations in 2017 with a mission to support the growth of Colombia’s underserved small business ecosystem. The company will use the funds to continue to grow its portfolio and enhance its technology and data analytics processes.

Since its inception, Sempli has raised over USD 24 million from equity rounds with the investors already mentioned and loan facilities from Triple Jump, AlphaMundi and Bancoldex.

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