Startup News: 24th May 2021 - 30th May 2021

  • 31st May'21
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Good Morning Monday!! As we enter a new week, let’s get a round of latest trending startups news insights.

 

24th May, 2021

 

Weekly News

 

1. Nigeria’s Mono raises millions to power the internet economy in Africa

Mono a Nigerian fintech startup, is one of three API fintech companies to have raised a seed investment. Funding wll be use to boost its current financial and identity data offerings and launch new products for divergent business. Read more

2. E-commerce startup Little Birdie lands $30M AUD prelaunch funding from Australia’s largest bank

Melbourne-based Little Birdie, user can use Little Birdie to track and compare products, and look for price drops, sales and offers, read more

3. Fireflies.ai raises $14M for its meeting transcription and automation service

The Fireflies.ai project is a good state that not every startup project goes from idea to unicorn-status in 48 minutes. Fireflies wants to plug your voice data into other applications, click to read more

 

25th May, 2021

 

Weekly News

 

1. Indoor farming company Bowery raises $300M

Bowery, an indoor farming startup brings its total funding north of $472 million, values the company at $2.3 billion. Its vertically farmed produce is now available in 850 grocery stores, including big-name chains like, read more

2. Forter raises $300M on a $3B valuation to combat e-commerce fraud

Forter launched in Tel Aviv and now based in New York, the startups building a business to tackle that malicious activity, has closed $300 million in funding, read more

 

26th May, 2021

 

Weekly News

 

1. Getty Images leads $16M investment in Promo.com, a social video template tool

The social video tool Promo.com just raised $16 million in a Series B round led by Getty Images and offers own library of stock videos but Promo.com provides both the video clips and the tools for non-editors to do bit of customization, read more

2. Emotion-detection software startup Affectiva acquired for $73.5M

Smart Eye, the publicly traded Swedish company that offfers driver monitoring systems for a bunch automakers, has acquired emotion-detection software startup Affectiva for $73.5 million in a cash-and-stock deal. Read more

3. Matera raises another $43 million to turn residential building management into SaaS

French startup Matera has raised a new $43 million (€35 million) Series B funding round. New funding will be use for expansion in Germany. The startup has been growing rapidly as it now manages 3,000 buildings, read more

 

27th May, 2021

 

Weekly News

 

1. Uptycs secures $50M Series C as security platform continues to expand

Uptycs, a Boston-based startup that uses data to help understand and prevent security attacks, raised a $50 million Series C. The company has begun expanding core main areas, click to read more

2. Breinify announces $11M seed to bring data science to the marketing team

Breinify is a startup working to apply data science to personalization, and do it in a way that makes it accessible to nontechnical marketing employees to build more meaningful customer, read more

3. Engine Biosciences expands its digital drug discovery pipeline with $43M round

Engine Biosciences ambitious startups different approach to the business of finding new therapeutics, and it hasraised $43 million to keep growing. Read more

 

28th May, 2021

 

Weekly News

 

1. On-demand grocery startup Food Rocket launches in the Bay Area, goes up against delivery giants

Food Rocket has raised a $2 million investment with innovative concept. Using the company’s mobile app, users can order fresh groceries, ready-to-eat meals and household goods within minutes, read more

2. CorrActions raises $2.7M to help avoid errors in human-machine interactions

CorrActions, a noninvasive neuroscience startup has raised a $2.7 million seed round. The company use the new funding to further develop its algorithms and support its current deployment partners, read more

 

29th May, 2021

 

Weekly News

 

1. New Brazilian insurtech that just got backing from the CEOs of 7 unicorns

Justos claims it will be the first Brazilian insurer to use drivers’ data to reward those who drive safely by offering “fairer” prices. Startup claims it can offer plans that are up to 30% cheaper than traditional plans, read more

2. Singapore-Based Startup Is Unlocking True Potential Of CCTV Cameras Through AI

Company claims to offer various AI solutions for security and surveillance, digital marketing, e-commerce, telecommunications and the Internet-of-Things (IoT). Read more

 

30th May, 2021

 

Weekly News

 

1. This organic farming startup is changing the way we eat and helping farmers with better income

India-based Nimble Growth Organics has a close engagement with the farmer community to ensure there is high quality and indigenous organic output. Read more

2. Birmingham-based startup is trying to solve the electric economy’s next big challenge

Aceleron Energy, one of a new batch of upstart companies designed to create a network offering new, reused and repaired batteries. 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: 17th May 2021 - 23rd May 2021

Startup News: 10th May 2021 - 16th May 2021

Startup News: 3rd May 2021 - 9th May 2021

Startup News: 26th April 2021 - 2nd May 2021

Startup News: 19th April 2021 - 25th April 2021

Startup News: 12th April 2021 - 18th April 2021

Startup News: 5th April 2021 - 11th April 2021

Startup News: 29th March 2021 - 4th April 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.

Sources/References:

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

About the author:

Kumar Amritanshu (Editor), Super admin

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.


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