Startup News: 24th - 30th August 2020

  • 31st Aug'20
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Happy Monday Morning. It's time for the weekly round up. Before we begin the new week, let’s take a look at the startup world related news for the last week.


24th August, Monday


  • Smartsheet will pay $155M to buy Brandfolder, its fourth and largest acquisition yet

  • Blackstone to acquire for $4.7 billion

  • Yac gets backed by Slack to bring the intimacy of voice back when remote co-workers interact

  • 18 Chinese tech stocks soar 200% as a major market relaxes its IPO rules

  • Al Gore’s Firm Sells Twilio, Salesforce, and Schwab Stock.


25th August, Tuesday


  • JPMorgan to pay $1 billion for full ownership of China mutual fund JV

  • Level Home introduces Level Touch, a sleek smart lock that doesn’t advertise its intelligence

  • MIT CSAIL grad launches machine learning platform with $10M Series A

  • Microsoft brings transcriptions to Word

  • Kymeta raises $85.2 million led by Bill Gates to speed growth of its


26th August, Wednesday


  • Data analytics company, Palantir Will Go Public Via Direct Listing, Lost $US589 ($821) Million Last Year

  • Edtech Startup Virohan Raises $2.8 Mn to Ramp Up Access to Vocational Training in Healthcare Jobs

  • UK savings fintech Chip is raising a Series A round that will value it at more than $130 million

  • Linkedin chairman Jeff Weiner backed fintech startup Esusu, which aims to help marginalized communities build better credit scores

  • Howard County cancer survivor launches nonprofit to deliver support kits to those going through treatment


27th August, Thursday


  • Narrative, data streaming platform raises $8.5M as it launches a new data marketplace

  • Warby Parker, optical e-commerce giant, valued at $3 billion, raises $245 million in funding

  • Google Assistant app now uses your searches to make personalized recommendations

  • Reliable Robotics Raises $25 Million for Pilotless Planes

  • Delivery Hero buys InstaShop for €305 million, a record sum for a Greek startup


28th August, Friday


  • Chinese automaker Xpeng seeks US$1.5b on NYSE

  • Alibaba pauses investment in Indian startups

  • Undermyfork scores $400K seed for its diabetes tracking app and US launch

  • Amazon buys 1,800 electric vehicles from Mercedes-Benz for delivery fleet in Europe

  • KitoTech raises $3M as demand soars for its at-home no-stitch wound closure kit

  • IBM has built a new drug-making lab entirely in the cloud


29th August, Saturday


  • Elon Musk Demonstrates Neuralink Brain Chip in Living Pig

  • Pilot test drives 'flying car' in Japan

  • Chan Zuckerberg Fund backs Eruditus; valuation doubles

  • Village Capital Helps Fledgling Accelerators, Incubators In Africa Up Their Game

  • Cocktail startup Swizzle is bringing home real bar experience during lockdown


30th August, Sunday


  • Paytm Mall suffers data breach, ransom demanded by hackers: Report

  • Sunu Band – The Smart Wearable Helping Blind People Maintain Social Distance

  • Co-working companies adjust to running shared workspaces in a pandemic

  • Tampa startup Minimise receives $400M line of credit from UK bank


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.


*Note: The content published above was made in collaboration with our members.

About the author:

Editor , OpenGrowth Content Team

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