Good Morning Monday! Let's explore what's new in the startup world. Here are the latest weekly startup stories for you. Have a proactive week ahead.
25th January, Monday
Picture Courtesy: Techcrunch
1. Goalsetter raises $3.9 million to teach financial literacy to kids
Goalsetter raised $2.1 million in 2019 and now adds this latest round to that for a total of $6 million raised. The app also allows parents to give allowances through the app even, family and friends can give “goal cards” instead of gift cards, helping kids save for the future.The company recently launched a debit card for kids, under parental control system. Read more
2. BlackCart raises $8.8M Series A for its try-before-you-buy platform for online traders
BlackCart startup who tackles key challenges with online shopping an inability to try on or test out the merchandise before making a purchase. It has now lift up on $8.8 million in Series A funding, has built a try-before-you-buy platform that integrates with e-commerce storefronts. Read more
3. Sano Genetics, a startup supports with Long COVID research, raises £2.5M in seed funding
Sano Genetics, a startup with a massive mission to support customised medicine research by increasing participation in clinical trials, has raised £2.5 million in seed funding. Fresh capital will be to fund free at-home DNA testing kits for 3,000 people affected by Long COVID and development of its tech platform, as well as team. Read more
26th January, Tuesday
Picture Courtesy: Techcrunch
1. Club Feast raises $3.5M to help restaurants deliver meals at affordable costs
Club Feast, a startup with a more affordable approach to meal delivery, has raised $3.5 million in seed funding led by General Catalyst. It offers cheaper than almost anything you’d find on other delivery services. Club Feast on their mission to make the experience more affordable for both restaurants and consumers. Read more
2. Fast raises $102M as the online checkout wars continue to attract huge investment
Fast, a startup that offers online checkout and identity products, has rasied $102 million Series B funding. The new funding event was led by Stripe, a previous investor in Fast. The company shared that gross merchandise volume (GMV) processed by its checkout service has more than tripled each month, and expects that to continue and increase- said in official statement. Read more
27th January, Wednesday
Picture Courtesy: Techcrunch
1. Pinecone lands $10M seed for purpose-built machine learning database
A new startup Pinecone, the company came out of stealth with a fresh product and declared a $10 million seed investment led by Wing Venture Capital. Company has built a vector database that accelerate data in a particular format to help build machine learning applications easier and faster. Read more
2. Classiq raises $10.5M Series A round for its quantum software development portal
Tel Aviv-based startup Classiq, has raised a $10.5 million Series A. Startup target to make it easier for computer scientists and developers to create quantum algorithms and applications. The idea behind Classiq, built the next layer of the quantum software stack and provide an additional abstraction layer on top of the hardware. Read more
3. Mealco raises $7M to launch new delivery-centric restaurants
Mealco, a startup commited to help chefs launch new restaurants designed around delivery, is announcing that it has raised $7 million in seed funding. Mealco locally sources the ingredients, which are then cooked using the startup’s kitchen infrastructure and offered for delivery via the standard delivery apps.
28th January, Thursday
Picture Courtesy: Techcrunch
1. CybSafe raises $7.9M Series A led by IQ Capital for its ‘behavioral’ cybersecurity platform
CybSafe, Cybersecurity startup a “behavioral security” platform, has raised $7.9 million in a Series A funding. The company already has 350 clients in 15 countries, including Credit Suisse, Air Canada, HSBC and NHS Trusts. Read more
2. Scalapay raises $48M to scale its buy now, pay later service in Europe
Scalapay, one of the companies that’s building a platform to enable buy now, pay later (BNPL) and related features, has raised a round to boost its position in the race for customers.
29th January, Friday
1. Nerdy, a tutoring marketplace startup, is going public via SPAC
Nerdy, tutoring startup which owns the popular tutoring business Varsity Tutors, is seeking to become a public company through a special purpose acquisition vehicle, otherwise known as a SPAC. Read more
2. Chefclub raises $17 million to expand its food media brand
Chefclub, French startup has raised a $17 million funding. It has been building a major media brand on social media platforms.The startup plans to enter a new market — consumer-packaged goods. Now, the startup plans to enter a new market - consumer-packaged goods. Read more
3. Coinbase is going public via direct listing
A well known American Crypto company Coinbase plans to go public by way of a direct listing, The company has raised over $540 million in funding as a private company. Read more
4. Mental health startup Lyra passes $2B valuation
Lyra, Mental health startup raised $187 million in funding, earlier valuation of about $2.3 billion. The company also struck a partnership with EAP-provider ICAS, which would expand its mental health benefit to employees in other countries. Read more
30th January, Saturday
Picture Courtesy: NewYorkTimes
1. The Silicon Valley Start-Up That Caused Wall Street Chaos
Robinhood, the company created in 2013 and founder said from the beginning that their focus was on “democratizing finance” by making trading available to anyone. The online trading app Robinhood became a cultural phenomenon and a Silicon Valley darling with a promise to wrest the stock market away from Wall Street’s traditional gatekeepers and “let the people trade”. Read more
31st January, Sunday
1.Three-dimensional search engine Physna wants to be the Google of the physical world
Ohio-based startup Physna, Physna’s software is the technology to bridge that gap. Sequoia Capital is placing another bet on a different kind of search engine, one for physical objects in three dimensions, just as the introduction of three-dimensional sensing technologies on consumer phones are poised to create a revolution in spatial computing. 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: 18th January 2021 - 24th January 2021
Startup News: 11th January 2021 - 17th January 2021
Startup News: 4th January 2021 - 10th January 2021
Startup News: 28th December 2020 - 3rd January 2021
Startup News: 21st December 2020 - 27th December 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.
