Happy Monday! Here are the latest weekly startup stories for you. Before starting the new week, let's grab the latest updates from the startup world.
11th January, Monday
Picture Courtesy: Square Off
1. Square Off introduces a rollable connected chess board
The India based startup Square Off, has been performing rapidly on technological development on their sphere and introduces a physical chess game with competitors across the globe. Unlike past offerings, the company won’t be going through a crowdfunding site, expects to bring the product to market around March, priced at $199. Read more.
2. Revolut applies for UK banking license
U.K. based fintech startup Revolut, has applied for a banking license so far, already has a banking license in the European Union. This startup has credibly expanded from that simple premise.User can buy cryptocurrencies, stocks and commodities. Beside that also set money aside in a vault, even get travel and mobile phone insurance products. Read more.
12th January, Tuesday
Picture Courtesy: uasweekly
1. Roboflow raises $2.1M for its end-to-end computer vision platform
Roboflow, a startup that aims to simplify the process of building computer vision models, has raised a $2.1 million. Startup plans to use the new funding to expand its team. Read more.
2. Electric air taxi startup Archer to collaborate with FCA
California-based air taxi startup Archer is partnering with automaker FCA on production of its electric aircraft. Archer is creating the world’s first all-electric airline that moves people throughout the world’s cities in a quick, safe, sustainable and cost-effective manner. Read more.
3. Jobber raises $60M as its platform for home services professionals
The Canadian startup Jobber, a platform is focused around management software to help sole-traders and small home services businesses. Jobber’s funding can be seen as part of a bigger trend of startups building services for later adopters in the B2B world. Read more.
4. Snap acquires location data startup StreetCred
A New York City startup building a platform for location data streetCred acquired by snapchat holding company Snap. A big factors of that strategy is the Snap Map, which allows users to view public snaps from a given area and to share their location with dear ones. the financial terms of the acquisition were not disclosed, the existing StreetCred platform will be closed down as part of the deal. Read more.
13th January, Wednesday
Picture Courtesy: Gainful
1. Iziwork raises $43 million for its momentary work platform
French startup Iziwork has raised a $43 million, with this funding company plans to expand to new countries and improve its tech product. The company has been making a platform focused on accelerating pro term employment. Seekers can consider it as a tech-enabled version of the good old employment agency. Read more.
2. Gainful raises $7.5M for personalized sports nutrition
Gainful, a startup it has raised $7.5 million in Series A funding, company offering customize subscriptions to protein powders and hydration products. All Gainful products are made without artificial colors, flavors or sweeteners, and they’re gluten-free and soy-free as well. Read more.
3. Stacklet raises $18M for its cloud governance platform
A Cloud Governance startup Stacklet, has raised an $18 million Series A funding and plans to utilise funding in carraying out product dvelopment process hassle-free. Company helps businesses in managing their data governance stance across different clouds, accounts, policies and regions, with a focus on security, cost optimization and regulatory compliance. Read more.
4. Rho, a startup bank aimed at high-growth businesses, raises $15M Series A
The NYC-based fintech Rho Technologies, has raised a $15 million Series A round led by M13 Ventures. Funding to further expand their commercial banking platform aimed at high-growth businesses. The platform is align toward companies that require more autonomy in business banking and will map quite well to the current distributed work attributes, post-pandemic. Read more.
5. Rapyd raises $300M on a $2.5B valuation to boost its fintech API service
Rapyd, API fintech service provider has raised $300 million, this platform covering payments, banking services, fraud protection and more. Rapyd is seeing its strongest growth yet, onboarding about 500 new customers each week. Read more.
14th January, Thursday
Picture Courtesy: Swimm
1. Swimm raises $5.7M to help teams document their code
Swimm, has raised a $5.7 million aims to develops documentation for their code by automated system process. Using its code browser, you also can easily find all of the documentation that relates to a given file. It allows for rapid and insightful onboarding on any codebase. Read more.
2. Thimble teaches kids STEM skills with robotics kits
The New York-based educational technology startup Thimble co-founded by Joel Cilli in Pittsburgh, is now around 60% closed on its seed round of $1 million. It offers a subscription service for STEM-based projects that allow kids to make robotics, electronics and other tech stuff via online education platform. The company today offers up to 15 different STEM-focused project kits and a curriculum live. Read more.
3. Mosaic raises $18.5M to rebuild the CFO software stack
Mosaic is a strategic finance platform”raised $18.5 million of Series A funding. Mosaic focuses on reporting and planning, the mainstays of the finance office, it wants to open those dashboards and forecasts wider into the company. Read more.
4. Harness snags $85M Series C on $1.7B valuation as revenue grows 3x
The startup Harness, snag $85 million Series C on a $1.7 billion valuation. Company has a reputation of being a good place to work, recently landing on Glassdoor’s best companies list. Company ceo's Bansal says that he started the company with the goal of making every company as good as Google or Facebook when it comes to engineering efficiency. Read more.
5. Carbyne raises $25M for a next-generation platform to improve emergency 911 responses
An Israeli startup Carbyne, has built a cloud-based platform aimed at emergency services and to provide additional telemedicine services to start communication faster. During he hour of crises like Covid 19 Carbyne’s technology has come into its own as a way not just to help those people do their jobs better by providing them with more data, it will dramatically upgrade communications in the immediate hour that matter most. Read more.
15th January, Friday
Picture Courtesy: Medium/Glose
1. Corporate credit card platform Moss raises $25.5 million
Moss, German startup has raised a $25.5 million (€21 million) funding round led by Valar Ventures. Moss offers credit cards and a spending platform to small and medium businesses in Germany. It higher credit card limits compared to credit cards offered by traditional financial institutions , as it doesn't offer debit card services. The company has issued 1,000 credit cards and has processes 10,000 transactions so far.
2. Everlywell raises $75M from HealthQuest Capital following its recent $175M Series D round
Austin-based health testing kit startup Everlywell, has raised $75 million, company will use this funds in to provide liquidity to existing investors, so the startup’s $1.3 billion valuation from December still holds. Company develops at-home testing kits for a range of health concerns, recently it also launched COVID-19 home collection test kit in 2020. Read more.
3. Medium acquires social book reading app Glose
Medium is acquiring Paris-based startup Glose for an unrevealed amount. Glose has been building iOS, Android and web apps that let you buy, download and read books on your devices. Glose has partnered with 20,000 publishers so that you can buy e-books directly from the app and Medium now plans to expand beyond articles and blogs. into integrating e-books and audio books to its service. Read more.
4. Seattle shampoo startup Gemma Labs raises $2.75M to grow custom haircare kit service
The Seattle startup Gemma Labs raised $2.75 million round from PSL Ventures and other investors. Gemma Labs uses in-house scientists to prepare special shampoos for individual customers, on the basis of individual hair and scalp needs. Read more.
16th January, Saturday
1. Tracy Chou launches Block Party to combat online harassment and abuse
An anti-harassment startup Block Party, that aims to help folks feel safer on social media founded by Tracy. At present, available for Twitter, it helps people filter out the content they don’t want to see and into what Block Party calls the Lockout Folder. Block Party has raised a bit less than $1.5 million in funding. Block Party is right now free but plans to introduce subscription tiers. Read more.
2. Enterprise tech startups among big winners in recent VC deals
US online sector landed some $15 billion in funding in the fourth quarter, spurred in part by pandemic’s impact on digital-focused initiatives. Startups that offers vital cloud-based business software witnesses to be among the winners of 2020’s venture-capital deals. Read more.
3. Prarambh: Startup India International Summit
This program focus on startups as well as catalyzed the Indian startup ecosystem and accelerated Indian entrepreneurs building innovative solutions for Indian and global needs. The summit marks the 5th Anniversary of “Startup India” launched by Shri Narendra Modi, Hon’ble Prime Minister of India on January 16, 2016. Read more.
17th January, Sunday
Picture Courtesy: Deliveroo
1. Amazon-backed food delivery firm Deliveroo is now worth $7 billion
UK-headquartered Deliveroo, is now worth $7 billion after raising $180 million in latest funding. Insider reported this week that UK-based Deliveroo could be valued at up to $13.6 billion when it floats, with one source pegging April for an IPO date. Read more.
2. IRFC, Indigo Paints IPOs to open this week
The IPOs of Indian Railway Finance Corporation (IRFC) and Indigo Paints will hit the capital markets coming week to raise a combined ₹5,800 crore. IRFC issue would be open for public subscription from January 18 to January 20, while the IPO of Indigo Paints would open on January 20 and conclude on January 22. Read more.
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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.