Here are the latest week news updates about startups. Discover whats on hot list, who's racing and raising.
NowPay is a financial wellness platform for emerging markets, which allows employees to access their salary at any point. Cairo-based fintech startup NowPay has raised a US$2.1 million seed funding round to deepen the capabilities of its platform and expand. Read more.
Swedish startup Nag Studios has secured $1 million in pre-seed funding to develop esports games. This finding will allow Nag to expand its team with a variety of new hires. Read more.
Yotascale reported 4x year-over-year annual recurring revenue (ARR) growth at some point this year, though Razzaq was diffident about sharing specifics concerning the metric. Read more.
The mental health telemedicine company Cerebral recently turned heads with a $35 million Series A funding round, just nine months after launching. Read more.
China Evergrande Group is seeking as much as HK$8.43 billion ($1.09 billion) in a share placement, accelerating efforts to shore up ..read more , click on link.
Americold expects this transaction to expands its strategic footprint into Europe and positions it to more effectively serve multinational customers on a global scale. Explore more on this, click to read.
The premium tea brand company has raised ₹23.5 crore so far further market expansion in global markets like the US, the UK and Canada. Discover full story, click to read.
Caliber launched in 2018 with a content model, offering an email newsletter and a library of instructional fitness content. Launching a brand new digital coaching platform on the heels of a $2.2 million seed round led by Trinity Ventures. Read more.
Landscape, a new review platform for tech startup founders to discover and find investment opportunities. Landscape clocked-up approximately 700 reviews and has garnered 83 “Verified Partners” on the platform. Read more.
A new digital education platform has emerged from stealth today with $14.5 million in seed funding and an impressive roster of founders. Palo Alto-based Engageli is launching its pilot program amid the rapid shift to remote learning ushered in by the pandemic. Read more.
Plenty Unlimited raised $140 million in new funding to build more vertical farms around the U.S.The company also announced plans to build a new farm in Compton, California. Read more.
The funding was to expand its API-based payments services into more geographies. It is coming good on that plan in the form of some M&A. It is the biggest startup acquisition come out of Nigeria. Read to discover details.
Agility plans to use of funding to deliver more of their robots for a variety of different applications.Help to fulfil the demand from logistics providers, e-commerce retailers and other businesses where automation or challenging physical fitness requires for work. Explore more.
The startup has raised a total of $53 million to build the hearing aid system that it is announcing today.Whisper hearing aids works wirelessly with the earpieces to enable a proprietary AI-based Sound, and there more lot to discover,read here. Read More.
Array makes solar trackers, which move panels during the day to maintain optimal orientation to the sun. Array raised $1 billion late Wednesday, boosting the size of its deal to sell 47.5 million shares at $22 each. Discover more on this, click on the link.
Savana, founded in Madrid in 2014, the company is relocating to New York and is already working with the world’s largest pharmaceutical companies and more than 100 healthcare facilities. Read more.
Kitchener plan to set up a new $110 million investment fund to support the city’s economic recovery from the global pandemic. Explore more, read here.
Zomato’s valuation has been fixed at $3 billion. It reportedly raised an additional amount of Rs 380 crore from US-based Kora Investments. Get into the details, read here.
Prestige Estates is looking to sell the assets to lessen debt and accelarate liquidity through the Blackstone deal.Blackstone is the largest office owner in the country, with real estate assets worth $20 billion in the country. Explore more on this , read here.
We, at OpenGrowth, are constantly looking for 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.
News Curated by: Priya Nath
Priya is an enthusiastic person who believes in gender equity and social impact. She has a keen interest in startups. Her passion includes owning innovative gadgets, networking and psychology.
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