Merry Christmas 2020! Let's roll on with startup weekly updates from entrepreneurial world. Discover what's trending and innovating this week.
Bolt, a startup that provides online checkout technology to retailers, has added $75 million. Funding will be invest on venture activity and larger customers need more customizations and sales support. Bolt offers four connected services: checkout, payments, user accounts and fraud protection. It is a hybrid payments-and-software company. Read more.
Atlanta based OneTrust privacy platform startup raised a $300 million Series C on an impressive $5.1 billion valuation. the products are helping them be compliant without adding a lot of friction to the building or buying process. It helps companies to compliant to all laws around privacy, trust and risk. Read more.
Singapore-based open finance startup, Finantier has been accepted into Y Combinator’s Winter 2021 startup batch. The startup also recently raised an undisclosed amount of pre-seed funding. It Wants to streamline that data with a single API that offers financial services access to user data, with their consent. It also includes machine-learning-based analytics to enable credit scoring and KYC verifications. Read more.
ReturnSafe, a symptom checking and contact tracing employee health management toolkit for businesses has raised $3.25 million as funding. ReturnSafe provide a symptoms screener, a testing dashboard, and a new vaccine management service. Read more.
This year economic downturn has been a challenge for the running class of fintech startups. Some have grown perfectly, while others have struggled, but the vast majority of them have changed their focus. Usage of consumer products are flexible and when you’re growing rapidly, supporting growth and opening new markets require a ton of effort. Read more.
The U.K. startup Octopus Energy has attained a $2.06 billion valuation after attracting a $200 million investment from Tokyo Gas, for a 9.7% stake, in order to launch a joint venture. Company aiming for 100 million customers around the world by 2027, and recently launched in the U.S., Australia, Germany and New Zealand. Read more.
Lalamove, on-demand logistics company raising $515 million in Series E funding. Established in 2013 for on-demand deliveries within the same city, Lalamove has since grown its business to include freight services, enterprise logistics, moving and vehicle rental. Read more.
WeRide, among one of China’s most-funded startups has raised a $200 million strategic round from Chinese bus maker Yutong. Company sources said "The model, which comes without a steering wheel, accelerator or brakes, is designed for operating in urban open roads". Read more.
Alphabet’s Google and Microsoft joined an investment round of more than $100 million in VerSe Innovation Pvt, maker of India’s Josh short-video app and Dailyhunt news aggregator, valuing the company at more than $1 billion. read more.
Fluent Forever, a startup who provide online language learning services that help its users master a new language faster, has raised a $4.9 million funding. Presently supports nine languages such as Japanese, French, Russian, Mexican and Spanish Spanish, Italian, Korean, German and Brazilian Portuguese, and hoping to add with Dutch soon. Read more.
China’s State Administration for Market Regulation said that it’s investigating the e-commerce giant over a policy that forces merchants to sell exclusively with Alibaba and skip rival platforms JD.com and Pinduoduo. For the time being it's initial public offering has been called off and the company has now received another “meeting notice” from regulators. Read more.
Bikl cornichons with rosemary and garlic Launching a company selling a new brand of pickled gherkins and cornichons to the catering industry. Pekelen, or pickling, is an old Dutch word and is something that has been done for thousands of years. It's something experimenting and new in startup industry. Read more.
Content discovery firm Outbrain was set up in 2006 is seeking to hold an initial public offering of shares on Wall Street at a $2 billion valuation after a merger deal . This is not the first time that Outbrain has sought to hold a share sale, the failed merger plans with Taboola, which, like Outbrain, directs users to related content on the internet. Read more.
YouTube cofounder Steve Chen is partnering with veteran money manager Jack Fu to launch a hedge fund that picks stocks and fixed-income assets through the use of artificial intelligence. The Draco Capital Macro Quant Fund has already raised $50 million with a goal of $200 million by the end of 2021. Read more.
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Amritanshu, a geek, an explorer, traveler and innovative creator by heart. Experimenting with new ideas and exploring innovative technologies are his break-through talent. Endless craze for technology and creativity. Associated with editorial team at OpenGrowth and keenly serving great stuff from startup world.