Startup News: 28th September - 4th October 2020


5th Oct'20
Startup News: 28th September - 4th October 2020 | OpenGrowth

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

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

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

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


29th September, Tuesday


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

  • Vancouver online course platform Thinkific raises $22-million

  • French startup 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

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

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

  • Invesco raises ₹600 crore in focussed fund NFO

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

  • 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

  • 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


2nd October, Friday


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

  • Quantum Energy Makes a Bold Fundraising Bet

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

  • 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

3rd October, Saturday



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

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

  • 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

4th October, Sunday



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

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

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

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

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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