startups

Israel’s electric powertrain maker IRP Systems raises a $31M Series C

IRP Systems, a maker of innovative electric powertrains for electric vehicles, has raised a $31 million Series C funding round, bringing its total funding to $57 million. The financing was led by Clal Insurance and Altshuler Shaham, which are Israeli institutional investors. Also participating was Samsung Ventures, Renault-Nissan importer Carasso Motors and Shlomo Group, as well as existing investors such as Entrée Capital, Fosun RZ...

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Expenses startup Pleo preps $100M Series C funding, launches new bill payments service

Late-stage fintech startup Pleo, which offers expense management tools and “smart” company Mastercards, says it plans to raise a Series C round of funding this summer. It’s also launching a B2B bill payments service this week. Co-founder and CEO Jeppe Rindom told me via a call: “We have money until 2022, but we’ve seen incredible momentum in the past couple of quarters, and we are getting a lot of inbound interest so we will...