Startup News: 28th September - 4th October 2020

  • 5th Oct'20
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A lot of things are happening around the startup world globally. So, before we get into the hustle of the new week, let’s begin our week with a weekly round up. Happy Monday and Happy Reading!


28th September, Monday

 

  • Philippines payment processing startup PayMongo lands $12 million Series A led by Stripe

https://techcrunch.com/2020/09/27/philippines-payment-processing-startup-paymongo-lands-12-million-series-a-led-by-stripe/

  • Sequoia-backed fitness app Fiture bags $65m in series A money from Tencent

https://www.techinasia.com/sequoiabacked-fitness-app-fiture-bags-65m-series-money-tencent

  • InventisBio Announces $147 Million Series D Financing Led by Hillhouse Affiliate GL Ventures

https://markets.businessinsider.com/news/stocks/inventisbio-announces-147-million-series-d-financing-led-by-hillhouse-affiliate-gl-ventures-1029625004#

  • Peter Beck-backed fund has $10m for 'deep tech' Kiwi startups

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12368391

 

29th September, Tuesday

 

  • EdtechX Holdings,  an investment platform focusing on the future of education and work, launches second blank-check company on Nasdaq

https://www.reuters.com/article/us-edtechx-ipo-idUSKBN26J37A

  • Vancouver online course platform Thinkific raises $22-million

https://techcrunch.com/2020/09/29/thinkific-funding/

  • French startup Exotec raises $90 million for its warehouse robots

https://techcrunch.com/2020/09/28/exotec-raises-90-million-for-its-warehouse-robots/

 

30th September, Wednesday

 

  • Real estate site that backstops home buyers raises $100 million to expand across Canada

https://financialpost.com/real-estate/real-estate-site-that-backstops-home-buyers-raises-100-million-to-expand-across-canada

  • Golden raises $14.5M to build a wiki-style database of tech knowledge

https://techcrunch.com/2020/09/30/golden-series-a/

  • India-based EduGorilla raises Rs 5.3 Cr from Auxano Entrepreneur Fund, others

https://yourstory.com/2020/10/funding-alert-lucknow-edtech-startup-edugorilla

  • Invesco raises ₹600 crore in focussed fund NFO

https://www.thehindubusinessline.com/markets/invesco-raises-600-crore-in-focussed-fund-nfo/article32740595.ece

  • Asana up 37% and Palantir up 50% as both direct listings hit the public markets

https://techcrunch.com/2020/09/30/palantir-asana-public-debut

  • Homer nabs $50M from Lego, Sesame Workshop and Gymboree for its early learning apps

https://techcrunch.com/2020/09/30/homer-nabs-50m-from-lego-sesame-workshop-and-gymboree-for-its-early-learning-apps/

 

1st October, Thursday

 

  • Silver lake co-investors buy additional stake in Reliance’s retail arm for Rs 1,875 crore

https://scroll.in/latest/974590/silver-lake-co-investors-buy-additional-stake-in-reliances-retail-arm-for-rs-1875-crore

  • Pixie Labs raises $9.15M Series A round for its Kubernetes observability platform

https://techcrunch.com/2020/10/01/pixie-labs-raises-9-15m-series-a-round-for-its-kubernetes-observability-platform/

  • With $18M in new funding, Braintrust says it’s creating a fairer model for freelancers

https://techcrunch.com/2020/10/01/braintrust-funding

 

2nd October, Friday

 

  • Airbnb Hopes to Raise $3 Billion in a December IPO

https://skift.com/2020/10/02/airbnb-hopes-to-raise-3-billion-in-a-december-ipo/

  • Quantum Energy Makes a Bold Fundraising Bet

https://www.wsj.com/articles/quantum-energy-makes-a-bold-fundraising-bet-11601636400

  • Canada's Small, Medium Sized Businesses Get New $600-Million Lifeline From Feds

https://www.huffingtonpost.ca/entry/regional-relief-recovery-fund_ca_5f775a49c5b6d4e948b520b1

  • Propy, a blockchain-verified platform for selling houses, raises funding from Tim Draper

https://techcrunch.com/2020/10/02/propy-a-blockchain-verified-platform-for-selling-houses-raises-funding-from-tim-draper/

  • Boost Sport raises $1.3M to help basketball teams win more games with video analysis tech

https://www.geekwire.com/2020/boost-sport-raises-1-3m-help-basketball-teams-win-games-video-analysis-tech/


3rd October, Saturday

 

 

  • Former Uber Executive-led Blank-check Company Seeks $250 Million In IPO

https://www.news18.com/news/business/former-uber-executive-led-blank-check-company-seeks-250-million-in-ipo-2929891.html

  • Cool Japan Fund Makes Additional $3.6 Million Available to Sentai Holdings

https://www.animenewsnetwork.com/news/2020-10-03/cool-japan-fund-makes-additional-3.6-million-available-to-sentai-holdings/.164845

  • Peridot Acquisition Corp. raises $300M in IPO, seeks green-tech deal

https://houstonnewmedia.org/peridot-acquisition-corp-raises-300m-in-ipo-seeks-green-tech-deal/

  • Uber sells $500M stake in its freight business as the ride-hailing giant works to conserve cash

https://techcrunch.com/2020/10/02/uber-sells-500m-stake-in-its-freight-business-as-the-ride-hailing-giant-works-to-conserve-cash/


4th October, Sunday

 

 

  • PE/VC investments in pharma companies grow 3.5X in 2020, cross $1 bn mark

https://www.business-standard.com/article/markets/pe-vc-investments-in-pharma-companies-grow-3-5x-in-2020-cross-1-bn-mark-120100400347_1.html

  • ION Acquisition Corp raises $260 mln, plans to buy Israeli unicorn

https://english.alarabiya.net/en/business/economy/2020/10/04/ION-Acquisition-Corp-raises-260-mln-plans-to-buy-Israeli-unicorn

  • IIT Delhi Startups Launch Affordable Antiviral T-shirts & COVID-19 Protection Lotion

https://www.republicworld.com/india-news/general-news/iit-delhi-startups-launch-affordable-antiviral-t-shirts-and-covid-19-pro.html

  • Greatwater Opportunity Capital to launch $30 million fund devoted to Opportunity Zones

https://www.crainsdetroit.com/real-estate/greatwater-opportunity-capital-launch-30-million-fund-devoted-opportunity-zones

 

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

Sources/References:

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

About the author:

Editor , OpenGrowth Content Team

The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups. Feel free to connect to us.


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