#FundingWire is your quick daily dose of notable investments made in the last 24 hours. Invested firms covered in this segment are VEQTA, Tally Technology and Afero
Digital Sports Broadcast Network VEQTA Bags $500K in Seed Fund
Mobile-based digital broadcast network dedicated to Sports, VEQTA, has raised $500K in Seed funding from early stage venture capital firm Chatsworth Management and sports management company ITW Digital.
Launched in 2015 by Vikram Tanwar and Varun Mathur, the platform provides sports content through video on demand and live streaming across various sports like cricket, football, MMA, wrestling, basketball, motorsports, tennis, badminton, and olympic sports. It is planning to launch its OTT Service in the next few weeks to engage sports fans across India. Read more.
Tally Technologies Raises $15M in Series A Round of Investment
San Francisco-based Tally Technologies has raised $15 million in Series A venture funding to launch an app that promises to help people maintain good credit while avoiding fees, charges and other credit card affiliated pains. Shasta Ventures led the investment with participation from Cowboy Ventures and AITV. Silicon Valley Bank also invested. Read more.
IOT Startup Afero Bags $20.3M in a Round of Funding
Los Altos-based Afero raised $20.3 million in a new round of venture funding to secure connected devices, from toys and arcade games to medical equipment. The company’s technology works even when WiFi isn’t, employing 4GLTE and other radio sensors.
Afero works with large hardware makers who install the startup’s proprietary chip in their IoT devices or components. Read more.