Good Morning! It's a happening Monday. Let's roll on with the weekly startup updates. Happy Christmas week!
14th December, Monday
1. Edtech boom continues as IntellectoKids raises $3M from Allrise Capital and others
IntellectoKids, a developer of educational apps for children aged 3 to 7 years, has raised $3 million in a Series A financing led by U.S.-based Allrise Capital and other investors, including Genesis Investments. In addition to the current B2C model, the founders expect in 2021 to offer primary schools and kindergartens. Read more.
2. Mombox is a curated kit of postnatal products that puts new moms first
Mombox, a categorized kit of postnatal care products concentrated entirely on the mom only. The company latest closed a $500,000 angel round led by Wayfund and TBD Angels. Mombox also offers a C-section box and a Deluxe Mombox. Read more.
15th December, Tuesday
1. Supabase raises $6M for its open-source Firebase alternative
Supabase, a YC-incubated startup has raised a $6 million funding round led by Coatue, with participation from YC, Mozilla and a group of about 20 angel investors. Startup offers developers an open-source alternative to Google’s Firebase and similar platforms. Read more.
2. Taxdoo raises $21m for e-commerce tax compliance tecnology
Taxdoo, the tax compliance platform for cross-border e-commerce, raises $21M Series A. This startup has built what it calls an “automated platform for financial compliance” aimed at cross-border e-commerce companies. Funding will be invest on international expansion– increased hiring, R&D, sales and customer support. Read more.
16th December, Wednesday
1. Dry cleaning robotics startup Presso raises $1.6M
Atlanta-based Presso- Robotic dry cleaning startup has developed a kiosk capable of dry cleaning a garment in around five minutes.Has raised a $1.6 million pre-seed with investment from Pathbreaker, AME Cloud Ventures, SOSV, 1517 Fund and YETI Capital. Read more.
2. Hightouch, a SaaS service that helps businesses raises $2.1M
Hightouch raises $2.1M to help businesses get more value from their data warehouses. Companies adopt data warehouses, in order to create a central repository for all of their customer data. Startup wish to innovate to ace the race of emerging data warehouses competitors like Google's, Amazon's ventures. Read more.
3. Launch startup Astra’s rocket reaches space
Astra, a Rocket launch startup has actually made it to reach orbital space. This marks a tremendous win and milestone for Astra’s rocket program, made even more impressive by the relatively short turnaround between their rocket loss error in September. Read more.
17th December, Thursday
1. Canoo targets last-mile delivery with its second electric vehicle
Los Angeles-based electric vehicle startup CANOO make its entry later this month on the Nasdaq as a publicly traded company. The electric delivery vehicle, which includes a high roof height, storage lockers and a software as a service platform. Other variations of the multi-purpose delivery vehicle will join later and Canoo plans to announce a service network at a later date. Read more.
2. Gawq wants to tackle the problem of fake news and the “echo chamber”
Gawq’s recently launched mobile news app, it aims to present news from distinct sources, while allowing users to filter between news, opinion, paid content and more. Even compare sources of data, check facts and even review the publication’s content for accuracy. Read more.
3. H1’s LinkedIn for the healthcare industry raises $58 million
A version of LinkedIn that’s specifically for the healthcare industry. H1, a startup which just raised $58 million in new financing. H1 is looking to expand to Europe and Asia in 2021, and counts 13 of the top 20 pharmaceutical companies as its clients. Read more.
4. PhotoRoom launches background-removal app on Android
PhotoRoom, a french startup is launched its app It will lets you remove the background from a photo, swaps it for another background and tweaks your photo. This fund will be used as per company plans to grow the team from three to eight persons and work on its deep learning algorithm. Read more.
18th December, Friday
1. Free Webinar On What Entrepreneurs Should Know About Intellectual Property Rights
Free Webinar on January 13th 2021, experts as they discuss what new entrepreneurs need to understand about intellectual property-no matter their budget or company size. Read More.
2. Waresix Acquires Freight Start-up Trukita
Trukita, a leading logistics technology start-up that offers freight and trucking services in the first-mile space. It has acquired by Logistics technology platform Waresix, Waresix seeks to expand the company’s reach and enhance its existing range of offerings for shippers and transporters. Read more.
3. Creditas, the Brazilian lending business, has raised $255 million
Creditas is the new company to benefit from a boom in financial services startup investing accross regions. Creditas has plans to use the cash to expand its lending services, as well as retail options and others. Read more.
4. Tap Network raises $4M for its customizable rewards program
Tap Network is a latest startup, one that newly raised $4 million in funding from investors. Tap Network is offering a fresh approach to loyalty rewards programs that it defines as “rewards as a service.” Read more.
5. Start-Up Unveils Saliva Swab Covid-19 Test results out in 15 minutes
A British startup company has discover a new saliva swab Covid-19 test, it claims can return an effect in 15 minutes.Vatic's KnowNow test is a sort of lateral flow test it functions in a very different way to another antigen test do. Read more.
19th December, Saturday
1. Singapore start-ups serve up innovative waste solutions
A Singaporean start-up Magorium's technology transforms plastic waste into road additives, effectively reducing a continuing global environmental issue, in addition to paving the way for a zero waste nation.
2. The Amazon-owned startup Zoox debuted its prototype for an autonomous taxi
Amazon-owned Zoox unveils its first autonomous robotaxi. The Amazon-owned venture Zoox launch its prototype for an autonomous taxi. It could change what we think autonomous vehicles can look like in the first place. Read more.
3. Kidas takes on a huge problem with a tiny dongl box who monitor cyberbullying
Kidas, based in Philadelphia, a startup makes an Xbox dongle that will keep watch against cyberbullying. A solution that participates in keeping kids safe and happy online, without wagging a finger at them or violating their privacy. It’s shown enough success, over a tight-knit beta in fewer than 100 Xbox households.(Source-www.Polygon.com) Read more.
20th December, Sunday
1. Zomato Raises $660 Mn At A Valuation Of $3.9 Bn
Zomato co-founder Deepinder Goyal announced, have closed a $660 million primary financing round at a post-money valuation of $3.9 billion. the company is on track to record its best-ever monthly sales in December 2020. 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: 7th December 2020 - 13th December 2020
Startup News: 30th November 2020 - 6th December 2020
Startup News: 23rd November 2020 - 29th November 2020
Startup News: 16th November 2020 - 22nd November 2020
Startup News: 9th November 2020 - 15th November 2020
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.
