SwervePay, payment solution for the healthcare sector, has completed a $10 million round of funding led by Garland Capital Group. The funds will be used to support the company’s growth and expansion, enhance its channel partner network and attract new talent. “We’re excited and privileged to bring this all-star team of investors on board at SwervePay,” said Jaeme Adams, co-founder and CEO of SwervePay. “With the business acumen around healthcare, payments, and growing large enterprises, this investment is more validation that our innovations will continue to blaze the path we created in changing how patients pay for healthcare.”
Hexadite, a security orchestration and automation company, has closed a Series A investment round worth $8 million. Hewlett Packard Ventures, Ten Eleven Ventures and YL Ventures all participated in the round. The company will use the finds to accelerate its research and development in Israel and expand sales and marketing worldwide. “When we saw what Hexadite accomplished in such a short amount of time, we wanted to be a part of it,” said Lak Ananth, managing director of Hewlett Packard Ventures. “The ability to automate cyber alert investigations and shut down attacks in seconds gives customers a chance to defend themselves in a way that has never been possible. We’re excited to partner with Hexadite and help bring their innovations to market.”
SchoolMint, a provider of mobile and online enrollment systems for PreK-12 schools, has closed a $5.6 million Series a round of funding led by Runa Capital. The company has now raised closed to $8 million in total. Reach Capital, Fresco Capital, Govtech Fund, Kapor Capital, Crosslink Capital, Maiden Lane Ventures, CSC Upshot, and individual investors Jared Kopf, Josh Reeves (Founder and CEO of Gusto), and Tomer London (Founder of Gusto) all participated. “We’re excited to have moved into more than 500 schools in the past four months alone,” says Jinal Jhaveri, SchoolMint CEO. “School districts, charter schools, and independent schools are seeing the ways that SchoolMint can exponentially benefit their enrollment process. We’re really enthused to be able to help more schools redefine their end-to-end enrollment experience and make the process more efficient for their staff and more user-friendly for parents.”
Consumer relationship company Stellar Loyalty has announced $4 million in new funding, bringing its Series A round to a total of $9 million. The new funding is a second investment led by TDF Ventures along with InterWest Partners. The company will use the new funds for expansion in Europe. “In a very short period of time, Stellar Loyalty has gained notable traction by solving a long-standing problem for brands the world over — specifically, how to engage with, reward and satisfy consumers on consumers’ own terms,” said Steve Mankoff, general partner at TDF Ventures. “The Stellar Loyalty team has changed the market dynamics with a modern, mobile-best SaaS solution, and we believe they are poised to capture robust market share in the global loyalty market.”