Startup News: 7th - 13th September 2020

  • 14th Sep'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 Morning and Happy Reading! 

 

7th September, Monday

 

  • Lokalise raises $6 million to make it easier to localize your product

https://techcrunch.com/2020/09/06/lokalise-raises-6-million-to-make-it-easier-to-localize-your-product/

  • Founders of Singapore food ordering app Oddle look to exit

https://www.straitstimes.com/business/companies-markets/founders-of-singapore-food-ordering-app-oddle-look-to-exit

  • Bay Area startups connect families, teachers for coronavirus pods amid huge demand

https://www.sfgate.com/business/article/Bay-Area-startups-connect-families-teachers-for-15544289.php?t=f449e3880b

  • Singapore-based fintech startup Qapita raises $1.8M in seed round led by Vulcan Capital

https://yourstory.com/2020/09/singapore-based-fintech-startup-qapita-vulcan-capital

  • Freshket lands $3 million Series A led by Openspace to streamline Thailand’s food supply chain

https://techcrunch.com/2020/09/07/freshket-lands-3-million-series-a-led-by-openspace-to-streamline-thailands-food-supply-chain/

  • Swedish startup Volta unveils electric truck, to manufacture in UK

https://www.autoblog.com/2020/09/07/volta-trucks-zero-electric-cargo-vehicle-revealed/

 

8th September, Tuesday

 

  • Lidar startup Ouster raises $42M as new use cases lift sensor demand

https://siliconangle.com/2020/09/08/lidar-startup-ouster-raises-42m-new-use-cases-lift-sensor-demand/

  • Arvi, a health tech start-up, integrates with Arogya Setu app, uses thermal scanner kiosks for tracking

https://www.thehindubusinessline.com/companies/arvi-integrates-with-arogya-setu-app-uses-thermal-scanner-kiosks-for-tracking/article32554886.ece

  • Seattle health tech startup Optimize.health raises $15.6M for remote patient monitoring service

https://www.geekwire.com/2020/seattle-health-tech-startup-optimize-health-raises-15-6m-remote-patient-monitoring-startup/

  • SoftBank-Backed Synthetic Biology Startup Raises $300 Million to Build a Better Microbe

https://www.bloomberg.com/news/articles/2020-09-08/synthetic-biology-startup-zymergen-raises-300-million

  • Detroit cybersecurity firm AaDya closes $2.7 million funding round

https://www.crainsdetroit.com/news/detroit-cybersecurity-firm-aadya-closes-27-million-funding-round

  • Online Learning Platform Byju's Raises Funds From Silver Lake

https://www.entrepreneur.com/article/355874?utm_source=flipboard&utm_medium=related&utm_campaign=syndication

  • PopSQL raises a $3.4M seed round for its collaborative SQL editor

https://techcrunch.com/2020/09/08/popsql-raises-3-4m-seed-round-for-its-collaborative-sql-editor/

 

9th September, Wednesday

 

  • Recursion Pharma nets $239M, plus an AI research contract with Bayer

https://www.fiercebiotech.com/medtech/recursion-pharma-nets-239m-plus-ai-research-contract-bayer

  • Customer Experience Startup Sprinklr Hits $2.7 Billion Valuation With $200 Million Private Equity Cash Infusion

https://www.forbes.com/sites/davidjeans/2020/09/09/customer-experience-startup-sprinklr-hits-27-billion-valuation-with-200-million-private-equity-cash-infusion/#1a37c3765fef

  • Canadian Competitive Intelligence Platform Klue Raises $15 Million In Series A

https://www.forbes.com/sites/igorbosilkovski/2020/09/09/canadian-competitive-intelligence-platform-klue-raises-15-million-in-series-a/#2c97b4a26d50

  • Snyk bags another $200M at $2.6B valuation 9 months after last raise

https://techcrunch.com/2020/09/09/snyk-bags-another-200m-at-2-6b-valuation-9-months-after-last-raise/

  • Lightspeed leads Series B funding for Hasura

https://www.vccircle.com/lightspeed-leads-series-b-funding-for-hasura/

 

10th September, Thursday

 

  • B2B marketing company Metadata.io raises $6.5M

https://techcrunch.com/2020/09/09/metadata-series-a/

  • ICICI Bank launches scheme for start-ups

https://www.thehindubusinessline.com/money-and-banking/icici-bank-launches-scheme-for-start-ups/article32570947.ece

  • Replicant Raises $27 Million To Propel Its Voice AI For Customer Service Phone Calls

https://www.forbes.com/sites/kenrickcai/2020/09/10/replicant-series-a-call-center-voice-ai/#3a1845114266

  • Investment platform Groww raises Rs 220 cr in Series C funding round

https://www.outlookindia.com/newsscroll/groww-raises-rs-220-cr-in-series-c-funding-round/1932974

  • Orchard real estate platform raises $69 million Series C led by Revolution Growth

https://techcrunch.com/2020/09/10/orchard-real-estate-platform-raises-69-million-series-c-led-by-revolution-growth/

 

11th September, Friday

 

  • Fifth Third Foundation funds $1.2 Million ‘Innovation Meets Main Street’ program for Black women-owned entrepreneurs

https://www.theatlantavoice.com/articles/fifth-third-foundation-funds-1-2-million-innovation-meets-main-street-program-for-black-women-owned-entrepreneurs/

  • Podcast analytics and attribution startup Chartable raises $2.25M

https://techcrunch.com/2020/09/11/chartable-seed-funding/

  • Alicia Keys Launches $1 Billion USD Black-Owned Business Fund

https://hypebae.com/2020/9/alicia-keys-black-owned-business-fund-1-billion-nfl-launch-announcement

  • Apple revises App Store rules to permit game streaming apps, clarify in-app purchases and more

https://techcrunch.com/2020/09/11/apple-revises-app-store-rules-to-permit-game-streaming-apps-clarify-in-app-purchases-and-more/

 

12th September, Saturday

 

  • British start-up letting car owners charge passengers for rides is helping drive to get commuters back to work

https://www.thisismoney.co.uk/money/markets/article-8726259/Skoot-launches-car-share-app-lifts-57p.html

  • Orchard Closes Second Funding Round This Year as it Looks to Simplify Real Estate

https://cheddar.com/media/orchard-closes-second-funding-round-this-year-as-it-looks-to-simplify-real-estate

  • Karnataka and Kerala ranked top performers in Indian Govt’s startup ranking

https://www.thenewsminute.com/article/karnataka-and-kerala-ranked-top-performers-govt-s-startup-ranking-132887

  • French insurtech firm raises $25.3m in funding, plans to open S'pore office

https://www.straitstimes.com/business/banking/french-insurtech-firm-raises-253m-in-funding-plans-to-open-spore-office

  • New F1 entries will have to pay $200m to rival teams

https://www.motorsport.com/f1/news/new-f1-entries-200m-dilution-fund/4873462

 

13th September, Sunday

 

  • Unity Software, game engine, Could Go Public With an $11 Billion Valuation

https://www.fool.com/investing/2020/09/13/unity-could-go-public-with-11-billion-valuation/

  • Japanese giant SoftBank set to offload ARM for $40bn in deal that could threaten British jobs

https://www.dailymail.co.uk/money/markets/article-8727557/Japanese-giant-Soft-Bank-set-offload-ARM-40bn.html

  • Ocado, grocery delivery giant, sales could exceed £2bn for first time as customers flock to order food from new partner Marks & Spencer

https://www.dailymail.co.uk/money/markets/article-8726179/Ocado-sales-2bn-M-S-tie-up.html

  • Saudi Arabia's BinDawood Holding sets IPO price range, aims to raise up to 2.2 billion riyals

https://www.reuters.com/article/us-bindawood-ipo-pricing-idUSKBN264074

  • Startup Distributes $150,000 In Emergency Grants From Acumen Fund To Homeowners

https://www.forbes.com/sites/annefield/2020/09/13/startup-distributes-150000-in-emergency-grants-from-acumen-fund-to-homeowners/#4c0ff83e5b47

  • Israeli venture capitalist leads investor rounds for two tech companies amounted to $65 million altogether

https://www.jpost.com/israel-news/israeli-venture-capitalist-leads-investor-rounds-for-two-tech-companies-642109

 

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.

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*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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