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Senegal’s Wave lands $200M for mobile money platform
Wave, a Senegal-based provider of a mobile money platform targeting countries in sub-Saharan Africa, raised $200 million in a Series A funding round led by Sequoia Heritage, Founders Fund, Stripe and Ribbit Capital.
The round is the largest ever Series A round for the region, per TechCrunch reporting, and sets a valuation for Wave around $1.7 billion. The startup is a spinout of Sendwave, an app-based company focused on cross-border payments.
Quantum Machines picks up $50M
Tel Aviv-based Quantum Machines, developer of an orchestration platform for quantum processors, raised $50 million in a Series B round led by Red Dot Capital Partners. The company, founded in 2018, said it has tripled its staff over the past 12 months.
ForgeRock sets IPO terms: San Francisco-based ForgeRock, provider of an online identity management platform for enterprises, disclosed terms for its upcoming IPO. The company plans to raise $248 million in the offering, seeking to sell shares at a price range of $21 to $24. At the midpoint of the proposed range, ForgeRock would be valued around $2.1 billion.
— Joanna Glasner
Illustration: Dom Guzman
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