Good Morning Monday!! As we enter a new week, let’s take a look at the latest trending startup news insights.
9th August, 2021
1. Leafly to go public via SPAC merger
The Seattle-based online cannabis marketplace Leafly, plans to go public through a deal with New York-based Merida Merger Corp, a special purpose acquisition company, read more
2. Startup Villages to promote villages in Italy and Japan as ideal destinations for startups & sustainable development
The Startup Villages, is aiming to promote Italian Villages as an ideal location for startups. Vision behind the initiative is to create unique startups and take Italy to the next level and achieve what Silicon Valley did to the American Startup ecosystem. Read more
3. Germany’s Delivery Hero acquires minority stake in rival food delivery company Deliveroo
Delivery Hero announced it has acquired a minority stake in rival food delivery company Deliveroo. Delivery Hero has acquired at least 20 companies to sustain its position as the pioneer food delivery platform in the world. Read more
10th August, 2021
1. Wyze launches another insanely cheap camera
Tech startups Wyze, launched Spotlight Cam at $24, but has since seen price bumps up to $36. The Wyze Cam v3 offers a nearly unbeatable value, and compared to other spotlight cams on the market, read more
2. Crypto Trading Startup FalconX Achieves Unicorn Status With Latest Raise
Chicago-based trading platform FalconX, reached unicorn status with a $210 million series C funding round led in part by Tiger Global. With new funding will bolster FalconX product lines, which include trading services, credit and clearing, read more
3. Casket startup is taking on big funeral industry with a focus on d2c innovation
Titan Casket is a new startup that’s bringing direct-to-consumer ease, savings and customer service to the often emotional task of purchasing a caske. Read more
4. Agtech startup iUNU acquires pest management company CropWalk
A Seattle agtech startup iUNU, has acquired pest management company CropWalk. iUNU helps growers remotely monitor greenhouse plants, has more than 40 employees and raised a $7 million last year. Read more
11th August, 2021
1. Whatfix acquires Nittio to expand its portfolio
SaaS-based digital adoption platform, Whatfix made its second acquisition and acquired learning management system Nittio Learn. The acquisition will advance the company's application training capability by making learning more customized, adaptive and advance. Read more
2. Microsoft buys Peer5 to boost large-scale video streaming for Microsoft Teams
A Bay Area-based startup Peer5, that helps companies such as Turner and Deutsche Telekom with large-scale video streaming quality. Microsoft will use Peer5’s mesh networking technology for its Microsoft Teams collaboration software, read more
3. Auckland startup Portainer makes Forbes' global Cloud 100 Rising Stars list
Auckland software startup Portainer has a Forbes' ranking of the hottest cloud companies. The Rising Stars were defined as a weight-class as cloud software companies that had raised less than US$25 million, read more
12th August, 2021
1. A food-tech startup is taking alternative milk to the next level
California-based Perfect Day uses fungi to make dairy protein that is "molecularly identical" to the protein in cow's milk. the startup is also seeking regulatory approval in Canada, India and Europe, read more
2. Mushroom-based meat alternative startup Fable Food raises funds, will launch in the US
Australia-based Fable Food is the new plant-based food startup to announce funding around $6.5 million AUD (about $4.8 million USD). Fable’s new funding will be used for research and development, expanding its production and manufacturing capacity in Australia, read more
3. Bell announces 5G partnership with Canada’s Tiny Mile startup
Bell has disclosed partnership with Canada’s Tiny Mile AI startup to provide 5G connectivity for its growing fleet of food delivery robots in Toronto, read more
13th August, 2021
1. Dublin fintech Layer selected for Mastercard’s global accelerator
Mastercard has revealed the 11 fintech start-ups selected for its global Start Path accelerator programme. It will give Layer access to a range of supports and mentorship services, read more
2. Japan, Israel startups to team up to make oxygen on Moon
Startups recently assent to cooperate on an experimental project to generate oxygen on the Moon. The accord marks the first Japan-Israel collaboration by private companies, read more
3. Technology for virtual and in-person events Intrado acquires Hubb
The future of live events, which may look different in a post-pandemic world as said by Hubb's founder. The startup has 75 employees who will join Intrado’s Digital Media team, read more
14th August, 2021
1. Oil Giants Turn to Startups for Low-Carbon Energy Ideas
Many big oil companies came together and working to reduce their dependence on fossil fuels and expanding their low-carbon activities, read more
2. Indian crypto startup Polygon buys Hermez for $250 million
Polygon, has announced that it will merge with Hermez, a zero-knowledge cryptography-centered scaling project in a $250 million deal, read more
15th August, 2021
1. Flying taxi startup Joby Aviation plans to go public via a SPAC deal
Santa Cruz, California based Joby Aviation is one of the handful of startup companies in the race to develop electrically powered, low-noise flying taxis capable of vertical takeoff and landing (VTOL), read more
2. Serena Williams Invests In Black Woman-Founded Healthcare Platform HUED
The entrepreneur come across there was a need to make culturally competent healthcare accessible for communities of color. HUED was cultivated to align Black and Brown patients with medical professionals who offer their services through a culturally sensitive lens, 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: 2nd Aug 2021 - 8th Aug 2021
Startup News: 26th July 2021 - 1st Aug 2021
Startup News: 19th July 2021 - 25th July 2021
Startup News: 12th July 2021 - 18th July 2021
Startup News: 5th July 2021 - 11th July 2021
Startup News: 28th June 2021 - 4th July 2021
Startup News: 21st June 2021 - 27th June 2021
Startup News: 14th June 2021 - 20th June 2021
Startup News: 7th June 2021 - 13th June 2021
Startup News: 31st May 2021 - 6th June 2021
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.
