Category: Startups

• Egyptian Proptech Startup Birdnest secures pre-Series A funding for expansion and operations enhancement
• Funding round includes contributions from Beltone Venture Capital and CI Venture Capital
• Exact amount raised remains undisclosed; 20% stake exchanged for funding
• Birdnest to advance technology, hire regional team members, and launch aggressive marketing campaigns
• Plans to expand operations into new markets like Athens, Dubai, and Riyadh, while strengthening local presence in Egypt

Egyptian Proptech Startup Birdnest Secures Pre-Series A Funding

In the bustling landscape of Egyptian startups, Birdnest has emerged as a promising player in the proptech sector. Read more

• Seafund Venture India Trust is an AIF focused on early-stage technology startups, operating in Bengaluru and Delhi.
• The fund supports mission-driven teams developing future technologies, with a focus on sectors like AI, semiconductors, space, and energy.
• Fund I was a ₹25-crore micro-fund with successful investments in sectors such as SaaS, fintech, and ed-tech.
• Fund II aims to raise ₹250 crore for sectors like fintech, SaaS, agri-tech, health-tech, IoT, and gaming.

• Indonesia’s tech startups struggle to compete on funding and innovation, with local unicorns GoTo and Bukalapak experiencing significant valuation declines in 2024.
• Investment in local startups has decreased by about two-thirds from 2020 and 2021, putting pressure on companies to innovate, become profitable, and stop burning cash.
• Tough competition from larger regional rivals with wider funding pools and aggressive tactics is a major challenge for Indonesian startups.

• Startup funding landscape experiences a surge with significant investments in various sectors
• Investors show robust appetite for innovative and sustainable startups
• Sectors like HR tech, B2B SaaS, electric mobility, online healthcare, and fashion marketplaces receive substantial funding
• KarmaCheck secures $45 million led by Parameter Ventures, Rocketlane raises $24 million co-led by 8VC, Matrix Partners India, and Nexus Venture Partners
• Omnivore and Narotam Sekhsaria family office invest $10 million in Sid’s Farm, emphasizing interest in sustainable dairy products

Exploring the Monsoon of Startup Funding

In the realm of startup funding, the monsoon season has brought a shower of investments across various sectors, reflecting a vibrant and dynamic landscape of innovation and growth. Read more

• London-based Supercede secures €14M funding led by Alven in Series A round
• Funds to be used for team expansion, talent acquisition, and platform development
• Supercede aims to revolutionize reinsurance industry through automation and optimization
• Alven and Mundi Ventures express confidence in Supercede’s growth and potential
• Supercede’s platform enhances data management, decision-making, and operational efficiency

London Supercede Secures €14M Funding for Reinsurance Technology Platform

In a significant development for the reinsurance industry, London-based Supercede has successfully secured €14M in funding for its innovative reinsurance technology platform. Read more

• Amsterdam Startup Funding: Amsterdam’s startup ecosystem saw significant funding activities in June 2024, showcasing growth and innovation in various sectors.
• Bounce Watch: A startup streamlining investment processes for investors through enhanced scouting and performance monitoring tools.
• Nexus Platform: Developed by an Amsterdam-based company, this AI software supports unmanned systems integration and operations across different domains.
• Cawa: A software startup offering traceable carbon credits through its platform, facilitating transparent climate contributions for companies.

• Food retailtech Rohlik secures $170M funding from various investors
• Rohlik Group focuses on online grocery services with high-quality customer experience
• Rohlik operates automated fulfilment centers using AI, ML, and robotics for efficiency
• Achievements include on-time deliveries, profitability in multiple regions, and rapid scaling
• Funding to accelerate growth, expand into 10+ new cities, and set standards in online grocery delivery

Exploring Rohlik’s $170M Funding Success

In the bustling world of food retailtech, Rohlik Group has emerged as a standout player, recently securing a significant $170 million in funding to further bolster its growth trajectory. Read more

• Twelve rising enterprises expected to lead in $2tn clean tech funding by 2024, having already amassed $35bn in venture capital investments
• More investors attracted to clean tech sector for potential returns and sustainable future, driven by demand for eco-friendly technology solutions
• Startups prioritizing renewable energy production, distribution, and storage, with main investment sectors in wind, solar, nuclear technology, and energy efficiency
• Notable funded startups include ReNew Power, Sinovac Biotech, SpaceX, and Databricks, each making significant contributions in their respective fields
• Green companies like Greenko Group, Intersect Power, and Commonwealth Fusion Systems also thriving in clean tech industry, collectively receiving billions in funding and showcasing breakthrough innovations

Rising Enterprises Set to Dominate the $2tn Clean Tech Funding Landscape

In the realm of clean tech enterprises, a select group of twelve rising companies are poised to capture a substantial portion of the projected $2 trillion in funding by 2024. Read more

• Battery startup Sila secures $375M funding for U.S. factory construction
• Construction of Moses Lake plant to scale next-gen battery tech for customers like Mercedes-Benz
• All-equity Series G round led by existing investors in challenging market for EV battery companies
• Sila’s technology replaces graphite with silicon in lithium-ion batteries for increased energy density
• Future plans include driving recharge times to less than 10 minutes and expanding production for automotive series

Battery Startup Funding: Sila Secures $375M Amidst Industry Struggles

In a challenging landscape for battery startups, Sila has managed to secure a significant $375 million in funding to complete the construction of a U.S. Read more

• Energy startup funding is a critical challenge for climate tech companies, requiring large cash infusions beyond typical venture investments.
• Rondo Energy, a company producing thermal energy batteries, secured funding through a unique model involving philanthropic grants.
• Climate tech startups face a “commercial valley of death” when transitioning from prototype to selling finished products, hindering funding opportunities.
• Breakthrough Energy Ventures and the European Investment Bank provided project finance to Rondo Energy, showcasing a new funding template.

• Amsterdam-based Bounce Watch secures pre-Seed funding with notable angel investors
• Founded in November 2023 by Cem Ötkün and Sedat Yusuf Ergüneş to provide real-time, actionable data for investors
• Bounce Watch competes in the market against Pitchbook, Dealroom, and Harmonic.ai, offering AI-powered scouting and performance evaluation
• The platform tracks startup performance metrics and offers automated matching algorithms for investors
• Bounce Watch aims to expand its database to 4 million startups by the end of 2024, catering to the needs of VCs and CVCs with tailored support

Amsterdam Bounce Watch Secures Pre-Seed Funding

Amsterdam-based startup, Bounce Watch, recently made headlines by securing pre-seed funding to the tune of €2.5M. Read more

• Presto Ventures and CSG have launched Presto Tech Horizons, a €150M fund targeting security and defence tech companies
• Fund aims to invest in promising technological projects from NATO countries for civilian and security purposes
• Investments target sectors such as AI, cybersecurity, automation, robotics, defence, aerospace, and healthcare
• Presto and CSG partnership offers expertise to evaluate technology quality and commercial viability
• CSG, an industrial group involved in Aerospace & Defense, reported revenues of €1.73B in 2023

Presto Ventures and CSG Launch €150M Fund

In the world of venture capital, partnerships and collaborations often lead to groundbreaking opportunities. Read more

• Indonesia tech startup funding plunges 64% to $191 million in first half of 2024
• Total funding in Indonesia tech startups drops 79% from second half of 2023
• Seed-stage funding decreases by 42%, early-stage funding drops by 42%, late-stage investments decrease by 92%
• FinTech, insurTech, and enterprise applications are top-performing sectors in first half of 2024
• Jakarta leads in city-wise funding, followed by Yogyakarta and Bandung; East Ventures, AC Ventures, and Alpha JWC Ventures are top investors

Indonesia Tech Startup Funding Plunges in First Half of 2024

In the fast-paced world of technology and startups, funding is a crucial factor that determines the growth and success of budding ventures. Read more

• UK VC funding faces challenges amid economic shifts, with mixed signals in the economy.
• Real GDP growth increased by 0.6% in Q1, signaling an exit from recession, but wage growth and tax cuts affect rate cut chances.
• FTSE 100 underperformed, leading to increased M&A activity, including take-private transactions.
• PE activity in the UK shows mixed performance, with dealmaking down but buyout values up.

• Inventive, a startup specializing in embedded AI for SaaS products, emerges from stealth mode with $6.5 million seed funding led by Wing VC and Tokyo Black.
• Funding will enhance the Inventive platform, enabling product teams to efficiently deliver AI-powered experiences in customer-facing software products.
• The first product, an embedded AI Analyst, is live in production, assisting customers with custom reports and analytics through natural language interaction.

• Diraq secures additional funding of $22 million for Series A round, with investments from various strategic investors.
• The company aims to deliver the world’s first fault-tolerant quantum computer, with recent achievements in qubit control accuracy and spin-based quantum computation.
• Diraq’s technology is based on silicon quantum dots, leveraging existing semiconductor manufacturing processes for scalability.
• The company’s approach is recognized for its potential to advance quantum computing globally and drive significant processing advancements.

• Hong Kong Investment Corporation (HKIC) partners with Beijing biotech start-up in US$8 billion deal
• Biomap to establish BioMap InnoHub in Hong Kong to support over 50 R&D projects
• HKIC to lead Biomap’s current financing round, attracting overseas investors
• Hong Kong aims to accelerate bio computing development to become a tech hub
• Biomap, co-founded by Baidu’s Robin Li, focuses on AI models for pharmaceutical and healthcare industries

Exploring the Hong Kong Biotech Deal

Hong Kong’s US$8 billion government fund, the Hong Kong Investment Corporation (HKIC), has recently made headlines by signing a significant deal with a Beijing-based biotechnology firm, Biomap. Read more

• SaaS start-up MarketSizer secures €1m in pre-seed funding led by Delta Partners
• MarketSizer provides data insights for companies to understand market trends and improve decision-making
• Funding from Delta Partners, Enterprise Ireland, and angel investors to enhance platform features and expand globally
• CEO Niall O’Gorman aims to capitalize on the growing sales intelligence market with actionable insights
• Delta Partners praises MarketSizer’s approach to subscription intelligence and supports their international growth

SaaS Start-Up MarketSizer Secures €1m in Pre-Seed Funding

In the bustling world of tech start-ups, securing funding is a crucial step towards growth and success. Read more

• Hong Kong Investment Corporation (HKIC) partners with biotech start-up Biomap to establish BioMap InnoHub accelerator for R&D projects
• HKIC to invest in Biomap and lead financing round, attracting interest from overseas investors
• Hong Kong aims to accelerate bio computing development to leverage AI and life science strengths
• Biomap, co-founded by Baidu’s Robin Li, specializes in AI models for pharmaceutical and healthcare industries
• Hong Kong government focuses on developing health technology and other industries in its I&T development blueprint

Hong Kong Biotech Deal: HKIC Partners with Biomap for Tech Innovation

In a significant move towards establishing Hong Kong as a tech hub, the Hong Kong Investment Corporation (HKIC) recently announced a strategic partnership with Biomap, a biotechnology start-up founded by Robin Li Yanhong, the visionary behind Chinese internet giant Baidu. Read more

• Egyptian Pharma Startup i’SUPPLY raises pre-Series A funding, totaling US$2.5 million since its 2022 launch
• Funding round included Disruptech Ventures, OneStop Capital, Axian Investment CVC, and Egypt Ventures
• i’SUPPLY’s platform connects 10,000 pharmacies with 200 distribution companies, offering 10,000+ pharmaceutical products
• CEO Ibrahim Emam aims to obtain a license to address financing needs of small pharmacies
• Egypt Ventures CEO Abdel Rahman Mansour praises i’SUPPLY’s digital platform and strategic vision for industry impact

Egyptian Pharma Startup i’SUPPLY Secures Pre-Series A Funding

In the fast-evolving landscape of pharmaceutical distribution, Egyptian startup i’SUPPLY has made significant strides by recently announcing the successful closure of a pre-Series A funding round. Read more

• Egyptian firm Potcast Productions secures undisclosed amount in pre-seed funding round
• Funds to enhance content production capabilities, develop new series, and boost marketing efforts
• Innovative Media Productions and investor Ahmed Tarek Khalil participate in funding round
• Potcast Productions, founded in 2020, offers 15 unique podcast programs with significant audience engagement
• Investment to strengthen Potcast’s position as a pioneer in audio-first content production, expanding reach and quality of offerings

Egyptian Firm Potcast Productions Secures Initial Funding Round

In the ever-evolving landscape of media and entertainment, podcasting has emerged as a powerful medium for storytelling, education, and entertainment. Read more

• Indian deep tech start-ups surged in 2023 with 480 new ventures, ranking third globally
• Funding for Indian deep tech start-ups plummeted 77% in 2023, posing a major challenge
• Challenges faced by these start-ups include scaling, talent attraction, and global expansion
• Artificial Intelligence (AI) emerged as a favorite among founders and investors in 2023
• Recommendations include increased early-stage funding, supportive market ecosystem, and government initiatives

Indian Deep Tech Start-Ups: A Surge in Numbers

In 2023, the Indian tech startup landscape witnessed a remarkable uptick in the number of deep tech ventures, with a staggering 480 new startups entering the arena. Read more

• SEA tech startups funding plunges 65 percent on year in first half of 2024, with $1.6 billion raised
• Late-stage funding most impacted, dropping 69 percent to $421 million
• Early-stage investments decline 19 percent to $946 million, but seed-stage funding drops 27 percent to $234 million
• Two major funding rounds exceeding $100 million in second quarter of 2024
• FinTech, HighTech, and Enterprise Applications lead in performance; Singapore tops in funds raised, with robust investment activity from key players

Overview of SEA Tech Startups Funding Plunge

In the fast-paced world of tech startups in Southeast Asia (SEA), the first half of 2024 brought with it a significant shift in funding trends. Read more

• UK medical device startup SAVA secures €7.4M funding led by Balderton Capital and Exor Ventures
• SAVA, founded by bioengineers from Imperial College London, develops wearable biosensor platform
• Funding to be used for team expansion, product design, and clinical performance demonstration
• SAVA’s microsensor focuses on glucose monitoring for diabetes, gaining MHRA approval for clinical trials
• Company aims to revolutionize healthcare with preventative, personalized, and affordable biosensing ecosystem

Revolutionizing Healthcare Monitoring with SAVA’s Wearable Biosensor

In exciting news for the health tech industry, UK-based medical device startup SAVA has successfully secured €7.4M in funding for its innovative wearable biosensor platform. Read more

• Charlesbank Capital Partners raises $1.28 billion for its Technology Operations Fund II, surpassing its initial target
• The fund aims to invest in tech-focused companies with strong leadership, proven business models, and predictable financial profiles
• Investors in the fund include Illinois Municipal Retirement Fund and San Mateo County Employees’ Retirement Association
• Charlesbank’s investment team, led by Darren Battistoni, Mayur Desai, and Hiren Mankodi, focuses on application software, cloud computing, cybersecurity, healthcare IT, fintech, and infrastructure software
• The new fund, TOF II, has already invested in companies like Maltego, Searchlight Cyber, Kleer-Membersy, and Quorum Cyber

Exploring the Success of Charlesbank Tech Fund

In the realm of technology-focused investments, Charlesbank Capital Partners has once again demonstrated its prowess by attracting over $1.2 billion for its second tech fund. Read more

• Tech startup competition offering $1M seed funding for innovative solutions
• Future of Capitalism competition by Leo Lion Company, founded by Larry Sullivan
• Focus on tech startups making commercial and social impact globally
• Eligibility criteria and application process outlined on official website
• Partnership between Impact Investors Foundation and LEAP Africa highlighted

Win $1M Seed Funding in the Future of Capitalism Competition

Are you a tech startup looking to revolutionize the way businesses operate? Read more

• Climate tech funding dip poses threat for capital-intensive startups
• Capital flow into mature sectors, while budding ventures struggle for investments
• Climate tech deal activity down 14% in 2023, but outperforming broader tech market
• Government incentives, like the Inflation Reduction Act, supporting growth in the sector
• Importance of creative funding sources, target markets, and patient investors for climate tech startups

Climate Tech Funding Challenges

Climate tech funding has always been a critical aspect of the industry, enabling startups to innovate and develop solutions to combat climate change. Read more

• Rotterdam-based EventCHI raises over €1.6M in Seed funding to enhance AI and blockchain platform for global event transformation
• EventCHI founded in 2017 by Nick van der Meij and Paul Somers to revolutionize event industry with AI and blockchain technology
• Company offers CHI App, CHI POS app, and CHI Backstage App for seamless event management and cashless payments
• EventCHI utilizes QR and NFC wristbands for cashless payments and NFT ticketing on blockchain for secure transactions
• Seed funding to be used to expand AI team and develop AI agents for improved event experiences

Rotterdam EventCHI Secures Over €1.6M in Seed Funding

Rotterdam-based EventCHI, a cutting-edge payments, ticketing, and intelligence platform, has successfully raised over €1.6M in a seed round of funding. Read more

• India’s deeptech start-up ecosystem has doubled in growth since 2022, with over 480 new start-ups established in CY2023.
• 74% of the new deeptech start-ups in 2023 are focused on AI, a significant increase from previous years.
• Despite a funding crunch, Indian deeptech start-ups secured $850 million in investments in CY2023, with AI start-ups receiving the majority share.
• The report highlights strategic sectors like space and defense, healthcare, automotive, and industrial manufacturing where over 500 start-ups are developing innovative solutions.

• Ukraine Tech Summit gathers global tech leaders in London, with Google for Startups announcing more funding for Ukrainian founders
• Over 200 participants, including Ukrainian and global tech leaders, investors, and startups, attended the summit aimed at rejuvenating Ukraine’s tech industry
• Ukrainian startups continue to demonstrate resilience and attract investments despite challenges like air raids and blackouts
• Google for Startups announces $10 million Ukraine Support Fund to provide equity-free cash awards and support to Ukrainian-founded tech companies
• Collaboration with the UK is highlighted as crucial for the growth and reputation of Ukrainian tech companies

Revitalizing Ukraine’s Tech Industry with the Ukraine Tech Summit

In the fast-paced world of technology, innovation and collaboration are key drivers of success. Read more