Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.
Vivid Money, a challenger bank out of Berlin with 500,000 customers, has made a name for itself with a financial one-stop-shop “super app” that, in addition to basic checking and money management services, also includes stock and cryptocurrency investing. Read More.
Swing, a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. Read More.
Electric hydrofoil watercraft startup Navier announced a large round of seed funding to help its founders in their quest to democratize waterways by reducing operational costs for electric boat transportation. Read More.
Cooks Venture, founded by Blue Apron co-founder Matt Wadiak, is looking to dismantle the existing system, one step at a time. It starts with the chickens themselves. Read More.
Starburst, the company behind the open-source Presto-based SQL query engine Trino, has raised $250 million in a round of funding as it looks to meet what it calls “growing demand for faster analytics” on decentralized data. Read More.
New bio-based textile fiber from Nordic Bioproducts GroupNordic Bioproducts Group, a Finnish startup, has created a new plant-based textile fiber. The company is a spinoff from Aalto University in Finland, which created a patented technology called AaltoCell. Read More.
The company says it will use the capital to purchase more homes to add to its portfolio, which currently includes five properties in California and Oregon. Read More.
Powered by Zoom's "Breakout Rooms" API, the new integration could revolutionize remote networking for businesspeople. Read More
Oyo Hotels & Homes is planning to substantially reduce the size of its initial public offering (IPO) in view of adverse secondary market conditions. Read More.
Car sharing marketplace, Turo Inc has launched its filing for a stock market floatation in the United States. The Daimler AG-backed startups also revealed its finances for the first time, highlighting a 207% jump in revenue in 2021. Read More.
7shifts, a restaurant workforce management platform, secured $80 million in funding led by Softbank, with additional participation from existing investors Ten Coves Capital and Enlightened Hospitality Investments. Read More.
As Juan Palacio continues to build his flower empire, here are the most important lessons he's learned along the way. Read More.
The venture capital firm co-founded by former Singapore Airlines Ltd chairman Koh Boon Hwee closed its first fund at US$130 million to back startups in Southeast Asia’s fast-growing technology industry. Read More.
Orienspace was founded in 2020 and announced itself last year after securing initial funding of $65 million, detailing plans for a series of rockets. Read More.
The mission of the owners of this startup is providing quality education to every student in the world, led to $5.3 million in angel investment from backers. Read More.
If you missed out on the previous week or entire month's updates of startup world news, follow the link to read it now and stay tuned with us for more updates.
We, at OpenGrowth, are constantly looking for the latest news in the startup ecosystem. If you want to share any important news from last week, then do let us know in the comment section below.
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An artist by heart and a writer by profession, Prachi is a vivacious reader. She believes in hard work and her dedication has never let her down. She puts her heart and soul in everthing she does. Though life has not been a bed of roses for her, she affirms that the best way to live it is to maintain an equillibrium between the tunes of life.