Startup News: 1st March 2021 - 7th March 2021

Welcome March and happy Monday!! Here are the latest weekly startup stories for you. Before starting the new week, let's grab the latest updates from the startup world.

1st March, 2021

Picture Courtesy: Gitai

Space startup Gitai raises $17.1M to aid build the robotic workforce of commercial space

Gitai, Japanese space startup has raised a $17.1 million funding round, a Series B funding for the robotics startup. New funds will be used for hiring, development and execution of an on-orbit demonstration mission for the company’s robotic technology. Read more

Axonius nabs $100M at a $1.2B valuation for its asset management cybersecurity platform

Israel-based company Axonius is a cybersecurity asset management company that offers subscription-based software. A startup that has built a cybersecurity platform to help manage all the devices connecting to organizations. Read more

2nd March, 2021

Picture Courtesy: Humaans

Compass files S-1, reveals $3.7B in revenue on net loss of $270M

Real-estate brokerage startup Compass, backed by roughly $1.6 billion in venture funding. One of the greatest things about companies going public is that we get insight into their financials. Read more

Czech on-demand grocery delivery startup Rohlik bags $230M to expand across Europe

Rohlik, a Czech startup that has built an online grocery ordering and delivery business. The company — which has some 17 thousand items in its online store — saw revenues rise 101% in FY 2020 to €300 million on 750,000 customers, and it is profitable. Read more

Humaans raises $5M seed to make it easier for companies to on-board and manage staff

London-based HR startup Humaans, has raised $5 million in seed funding to accelerate the development of its employee on-boarding and management platform. Read more

3rd March, 2021

Picture Courtesy: Flying taxi

‘Flying taxi’ startup Volocopter picks up another $241M

Volocopter, a startup out of southern Germany, has been building and testing electric VTOL (vertical take-off and landing) aircraft, has picked up €200 million (about $241 million) in a Series D round of funding. Read more

Proptech startup States Title, now Doma, going public via SPAC in $3B deal

San Francisco-based Real estate tech startup Doma, earlier known as States Title. Doma has developed patented machine learning technology that reduces title processing time. Read more

Identiq, a privacy-friendly fraud prevention startup, closes $47M at Series A

Fraud prevention startup Identiq has raised $47 million, as the company aims for international growth, driven in large part by the spike in online spending during the pandemic. Read more

4th March, 2021

Picture Courtesy: Bottomless

Bottomless closes $4.5M Series A to scale its subscription coffee business

The Y Combinator-backed startup Bottomless. which is a coffee-sourcing engine. Now the product works by letting users pick the type of coffee they are interested in, be it caffeine level, price and the like. Read more

Payfazz invests $30M in Xfers as the two Southeast Asian fintechs form Fazz Financial Group

Payfazz, an agent-based financial services network in Indonesia, invested $30 million into payments infrastructure provider Xfers. Payfazz and Xfers, two startups that want to increase financial inclusion in Southeast Asia, have joined to create a new holding entity called Fazz Financial Group. Read more

Luxury air travel startup Aero raises $20M

Aero, a startup backed by Garrett Camp’s startup studio Expa, has raised $20 million in Series A funding. The startup spent the next couples of months buying and retrofitting planes, with plans for a summer launch. Read more

5th March, 2021

Picture Courtesy: Coursera

Coursera is planning to file to go public

An online education platform Coursera, is planning to file or its initial public offering. Coursera has had a busy pandemic. Similar to Udemy, another massive open online course provider planning to go public. Read more

Flourish, aims to help banks engage and retain customers, raises $1.5M

Berkeley-based fintech Flourish has raised $1.5 million in a funding round. The startup offers an “engagement and financial wellness” services for banks, fintechs and credit unions with the goal of helping them engage and retain clients. Read more

6th March, 2021

Dan Siroker’s new startup Scribe automates Zoom note-taking

Siroker is now CEO at Scribe, which is taking signups for its first product. That product integrates into Zoom meetings and transforms them into searchable, shareable transcripts. Scribe has raised around $5 million in funding, Read more

Deep Science: AI adventures in arts and letters

AI and machine learning advancements from around the world and explains why they might be important to tech, startups or civilization. Read more

7th March, 2021

Personal banking startup Eco raises $26 million from investors

Eco, Personal banking startup raised $26 million of new funding from investors. Eco offers users up to 5% annually on deposits and 5% cashback that can be used at Amazon, Uber, and other companies. Read more

Software Firm Meitu Buys $22M of Ether, $17.9M Bitcoin for Its Treasury

Hong Kong-listed Meitu Inc. , which makes image and video processing software, it bought 15,000 ETH and 379.1 BTC in open market transactions. First time a firm has disclosed a major purchase of ETH for its treasury. Read more

If you missed out the previous week or entire month updates of startup world news, follow the link to read it now and stay updated with every passing update with us.

Startup News: 22nd February 2021 - 28th February 2021

Startup News: 15th February 2021 - 21st February 2021

Startup News: 8th February 2021 - 14th February 2021

Startup News: 1st February 2021 - 7th February 2021

Startup News: 25th January 2021 - 31st January 2021

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.