Happy New Year 2021. Let's discover what's latest in the startup world with our weekly update.
Zuoyebang, Chinese online education app has raised a $1.6 billion Series E+ from investors including Alibaba Group. App offers online courses, live lessons and homework help for kindergarten to 12th grade students. Funding will invest in K-12 classes and expand its product categories. Read more.
A startup developing technology CommonGround, has raised $19 million in funding. Amir and Ran have a bold vision to reinvent communications, team are trying to build online collaboration software and working on to improves on face-to-face conversations. Read more.
Estonian proptech startup Rendin,building the home rental experience better, including offering a no-deposit feature, has raised €1.2 million in seed funding. Funding will be used for digitizing the rental process and adding an insurance layer, further trust can be bridge between parties. Read more.
Brixton-based sustainable commerce startup reboxed has raised £500,000 in pre-seed funding in current year, including a fresh round of £350,000 from angel investors. Company looking forward to work on ‘rehome’ 100 million mobile devices by 2030 in order to overcome electronic waste. Read more.
The biggest VC funds raised in Europe in 2020 . 2020 is set to be a record year for VC investment into European startups, on track to hit $41bn. Atomico raised the continent’s biggest VC fund of $820m. Read more.
Turo Inc. a car-renting startup reported its first-ever profitable quarter this year. Startup plans to publicly list shares of Turo this year. When the pandemic hit the comany, major steps has been taken like cut off miscellaneous and marketing expenses and end to managed well to stand by all the hurdles. Read more.
India based Agstack Technologies which runs agritech platform Gramophone, has raised $3.4 million (Rs 25 crore) in a Series B funding round. Raised capital will be aimed for customer acquisition and to build an agronomic intelligence-backed full-stack platform for farmers. Read more.
San Diego, CA-based clinical phase company Ensysce Biosciences Inc raised $60m in funding. Company launching two new classes of novel opioids designed to treat severe pain, and eliminate opioid misuse, abuse and overdose, Read more.
Once the price of the leading cryptocurrency crossed the $30,000 mark for the first time Saturday. The price of the leading cryptocurrency surged past $34,000 for the first time ever early Sunday morning Eastern time. It's a wild start to 2021, and follows a landmark year in which the cryptocurrency rose more than 300%. read more.
The 19-year-old Harsh Dalal is now chief executive officer of software development company Team Labs. Created one of the first screen recorder apps at the age of 13. app’s success paved the way for this Generation Z tech entrepreneur. Read more.
Digital gaming Steam breaks its previous concurrent user record one day into 2021, has crossed 25 million. Steam Winter sale boost the graph and still woo the gaming fonders. 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.