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Nigerian mobility startup Mecho Autotech raises $2.4m, ventures into wholesale spare parts distribution
Nigerian mobility startup Mecho Autotech, has closed $2.4m pre-Series A investment.
Nigeria's Treepz among startups selected for 2023 VC4A Venture Showcase Africa
Treepz hes been selected to participate in VC4A Venture Showcase Africa.
Altos Radar raises $3.5m to accelerate development of 4D imaging radars
Automotive radar startup, Altos Radar, has raised $3.5m seed round funding.
6 industries that chemical recycling is poised to disrupt, Plug and Play
Chemical recycling is a process in which waste materials are broken down into their original chemical compounds.
German autonomous, electric trucking startup FERNRIDE raises $31m Series A funding
FERNRIDE has secured $31m Series A funding.
How automotive solutions will create sustainable urban living, Plug and Play
Automotive solutions play a critical role in creating sustainable cities, particularly in regard to real estate, urban planning, IoT, AI, and smarter cities in general.
AAM invests in EnerTech's Global Strategic Mobility Fund to advance automotive technologies
American Axle & Manufacturing (AAM), a pioneer in driveline and metal forming technology, announced a $10 million investment in the Global Strategic Mobility Fund (GSMF), a venture capital fund managed by EnerTech Capital.
Chinese electric truck startup DeepWay raises $117m Series A+ round to accelerate mass production of smart electric heavy-duty truck
DeepWay, a smart commercial vehicle developer and manufacturer, announced it had raised $117 million Series A+ financing.
[Interview] Jesse Onomiwo, Co-founder, Autosparkle, Nigeria
Autosparkle is part of Riltouche and Sparkles, a company dedicated to building the largest chain of the most eco-friendly cleaning solutions out of Africa.
Autonomous vehicles affect the future of insurance, Plug and Play
With self-driving technology becoming increasingly available and popular, more and more people are opting to ditch their own cars and ride aboard autonomous vehicles instead.
South African car subscription startup Planet42 raises $100m to break car accessibility barriers
South African car subscription startup Planet42 has raised $100 million in combined equity and debt funding.
Bolt announces plans to expand services in Africa with €500m investment
Bolt has announced plans to invest €500 million to enhance its operations across Africa over the next two years.
eDRV raises seed round to accelerate an interconnected EV charging ecosystem
eDRV, an API-first electric vehicle (EV) charging management solution used at over 7,500 charging locations globally, announced it has closed on a seed funding round.
Insurtech startup OpenEyes emerges from stealth with $23m Series A funding
OpenEyes, an insurtech company serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First.
French hydrogen startup HySiLabs raises €13m Series A funding to accelerate growth
HySiLabs, the novel hydrogen transport and storage technology developer, announced €13 million Series A financing led by Equinor Ventures, and joined by the European Innovation Council Fund, EDP Ventures and PLD Automobile.
Sofia-based EV charging platform AMPECO raises $13m Series A funding to expand in the US
AMPECO, a Sofia-based white-label EV charging management software platform, closed a Series A funding round of $13 million led by BMW i Ventures.
Opsys Tech closes Series C financing round to accelerate production ramp of its automotive-grade true solid-state LiDAR sensors
Opsys Tech, the developer of patented True Solid-State Scanning LiDAR technology, announced the final closing of its Series C financing round.
Canadian B2B automotive trading startup TRADE X opens new trading facilities in Kenya
TRADE X, a B2B cross-border automotive trading platform based in Ontario, Canada, announced it has opened a new Kenyan trading corridor, which includes both a shared bonded warehouse in Mombasa and an office in Nairobi.
Swedish automotive manufacturer Scania launches Scania Growth Capital II at €182.8m
Sweden-based automotive company Scania, announced it is launching a new €182.8 million investment vehicle, Scania Growth Capital II, following the success of its first venture capital fund, Scania Growth Capital I.
Canadian B2B automotive trading startup TRADE X opens a trade route in Ghana
TRADE X, a B2B cross-border automotive trading platform with its headquarters in Ontario, Canada, announced it has opened a new trade route in Ghana, strengthening the company's presence in Africa.
Stellantis invests in Africar Group to create Auto24, African used vehicle startup
Africar Group and Stellantis have announced the launch of Auto24 activities in Abidjan, Ivory Coast.
Impact Venture Capital portfolio company Alef unveils Alef flying car, the only drivable flying car with vertical takeoff and landing
Alef Aeronautics, an advanced technology company creating alternative transportation solutions for surging traffic trends, introduced the Alef "Model A", the only flying car with street driving and vertical take-off.
Japanese startup TIER IV launches commercial autonomous driving software platforms for multiple operational design domains
TIER IV, an open source autonomous driving startup, announced it has launched commercial autonomous driving software platforms "Pilot.Auto" and "Web.Auto".
Amsterdam-based Fastned receives €75m investment from Schroders Capital accelerate future growth
Fastned, the European fast charging company, announced a €75 million private placement of 2,032,520 new depositary receipts representing the same number of new ordinary shares in the capital of the Company with Schroders Capital.
German mobility startup Wunder Mobility receives €12 million to advance shared mobility globally
The investment positions Wunder Mobility as the highest funded provider of software and hardware solutions for vehicle sharing operators with fleets of e-bikes, e-scooters, e-mopeds, and cars.
Autotech startup ServiceUp secures $14.5 million financing to scale to new markets
Founded in early 2021, the South Bay startup connects consumers, via the ServiceUp app, to a ServiceUp Advocate who manages the entire repair process, including payments.
Hyperspec AI startup releases software platform for autonomous driving development
Hyperspec AI, an artificial intelligence startup, released a new tool for developers working on ADAS enabled and autonomous vehicles (AV).
Copenhagen-based Monta lands €30m additional financing to accelerate the buildout of EV charging infrastructure
Monta, the Copenhagen-based all-in-one EV charging management platform, announced it has secured an additional €30 million as part of a Series A+ round led by Energize Ventures.
Dutch solar-powered car startup Lightyear secures €81m additional capital investment
Lightyear, a Dutch high-tech startup developing the world’s first solar car, announced a total investment of €81 million, which includes capital from the public consortium consisting of Invest-NL.
Belgian startup Magnax raises €20m for axial flux “pancake” electric motors
Belgium-based Magnax, technology leader in axial flux electric motors, has closed a €20 million funding round and adds two new investors; BIG Capital, who led the round, and SFPIM.
Israeli AI mobility Nexar acquires Portuguese startup Veniam to open unlimited possibilities for data-rich mobility applications
Nexar, an AI mobility company, announced it has entered into an agreement to acquire Veniam, the provider of intelligent networking for the internet of moving things.
Battery tech startup Britishvolt confirms UK Government funding boost for its battery cell gigaplant
Battery technology pioneer Britishvolt confirmed funding from the UK Government through its Automotive Transformation Fund (ATF) run by the Advanced Propulsion Centre UK following a confirmation letter.
Taiwanese Startup Mindtronic AI opens way to the future of mobility with Meta-Service ecosystem
Mindtronic AI, a Taiwan-based startup, unveiled the world's first Meta-Service, a biometric sensing technology that provides instant access to any visible object in the real world.
Yamaha partners with Nigerian startup MAX for vehicle financing and maintenance
Moto Business Service Nigeria (MBSN), a subsidiary of Japan’s Yamaha Motor Corporation, announced a strategic partnership with Metro Africa Xpress (MAX), to finance and maintain over 50,000 vehicles over the next 2 years.
Novelis partners with recycling startup Sortera Alloys to recycle automotive post-production and consumer scrap
Novelis, a sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, announced a strategic partnership with Sortera Alloys, an industrial scrap metal sorting and recycling company.
Japanese open-source autonomous driving startup TIER IV launches $300m green autonomous driving project
TIER IV, an open-source autonomous driving startup, announced it has received a grant from the Green Innovation Fund Projects (GI Fund) for research and development of autonomous driving software platforms.
Lithuanian startup Elinta Charge raises €7m to accelerate EV charging solutions
AVIA Capital and LitCapital have invested €7 million in Elinta Charge, a Lithuanian developer and manufacturer of electric vehicle (EV) charging solutions, to support R&D, development of new products and further international expansion in the fast-growing e-mobility market.
Automotive B2B marketplace APFusion raises $6.5m in series seed financing to expand its platform
APFusion, the automotive B2B marketplace and SaaS company focused on modernizing the auto salvage industry, secured $6.5 million in series seed financing bringing the company's total financing to $7 million.
BII invests $20m in African mobility fintech Moove to strengthen the informal transport industry
The British International Investment (BII), the UK government’s Development Finance Institution (DFI), announced a $20 million, 4-year structured credit investment in Moove, a mobility fintech democratising access to vehicle ownership in Africa.
Renewable energy startup Posh raises $3.8m seed round to automate EV battery recycling
Y Combinator alum, Posh, announced it has raised $3.8 million in seed funding. The Bay Area startup automates electric vehicle (EV) battery recycling to build sustainable energy storage solutions.
Chinese ARHUD solution provider Raythink completes Series A+ financing to accelerate mass production of in-vehicle AR displays
Raythink, the ARHUD solution provider for the automotive and transportation industry, announced it has raised around $15 million in a Series A+ funding round led by Chengwei Capital.
South African on-demand startup ParkUpp secures community basements for car collectors
ParkUpp, a South African marketplace startup that connects owners of parking spaces with companies and individuals who need parking has secured 'collector community basements' in convenient locations across the country.
Autochek acquires Morocco’s automotive tech startup KIFAL Auto to drive North Africa expansion
Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of KIFAL Auto, a Moroccan automotive technology startup, to drive its expansion into North Africa.
Insurtech startup ETAP secures $1.5m pre-seed funding to drive car insurance penetration in Africa
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has secured $1.5 million in pre-seed funding to grow its team and drive the adoption of much-needed car insurance across Africa.
Kenyan electric vehicle startup Opibus rebrands to ROAM
Kenya’s leading electric vehicle (EV) maker Opibus has changed its name to ROAM. The company was among the earliest entrants into the local electric vehicle manufacturing sector.
Vivaris Capital partners with Tesla Foundation to form Tesla Climate Capital
Vivaris Capital, LLC, a multi-strategy fund offering hybrid hedge and private equity structures, announced a strategic, joint-venture partnership with the Tesla Foundation to form Tesla Climate Capital.
TR Tech, LocoNav unveil GPS, IoT and vehicle telematics solutions in South Africa
Integrated tech-services provider TR Tech and disruptive full-stack fleet-tech startup LocoNav have collaborated in South Africa to provide state-of-the-art GPS, IoT, and Vehicle Telematics solutions.
Finnish EV charging startup eMabler partners with Fusebox to turn electric vehicles into profitable virtual power plants
Finnish electric vehicle (EV) charging startup eMabler and Fusebox, virtual power plant provider are collaborating to use electric vehicle charging to balance the energy grid.
Dallas-based Tegan Digital partners with Dents.co startup to revolutionize the collision industry
Dallas-based digital agency Tegan Digital has partnered with Dents.co to develop a startup launch kit, including an email marketing strategy and video production, to support new B2B tech product.
South Korean Hyundai Mobis invests in Zendar startup to accelerate Level 4 or higher autonomous driving
South Korean car parts company Hyundai Mobis announced it has made a strategic investment in Zendar, a Silicon Vally based startup with global competitiveness in high-resolution radar, called 'imaging radar.'
Horizon Technology Finance leads $50m venture loan facility to fintech and insurtech startup, Autonomy
Horizon Technology Finance Corporation announced it led a $50 million venture loan facility to Autonomy, a completely digital mobility offering that provides consumers with an affordable way to get access to a vehicle without long-term debt.
Car subscription startup GO launches in four additional markets
Distinct from traditional auto lease and finance, GO’s model offers subscribers a simple and affordable alternative to car ownership.
Chinese autonomous driving startup Haomo.AI raises nearly RMB 1 Billion, reaches Unicorn status
Beijing-based autonomous driving startup Haomo.AI has raised nearly 1 billion yuan (close to $150 million) in its Series A financing round, giving itself strong financial momentum to expand this new year.
Automobile startup Faction Technology announces funding from TDK Ventures
Faction is taking a unique approach to both driverless technology and lightweight vehicle systems that can dramatically impact how goods and people are moved
Canadian electric vehicle startup eLeapPower raises $21m funding to accelerate initial production and global growth
eLeapPower, a technology innovator revolutionizing electric vehicles inside and outside, with its Smart Inverter System, announced it raised $21 million CAD in Series A funding.
Nigeria’s auto financing startup Autochek begins loan services for new cars
In what it says is to further deepen mobility, Autochek Africa, the leading auto tech platform, has launched a dedicated brand new cars section on the Autochek website and mobile app.
TDK Ventures backs innovative nanomaterials coating technology startup, actnano
TDK Ventures has invested in the Series B financing of actnano, a nanomaterials technology company that is setting new standards for electronics protection with its water and environmental-resistant smart coating solutions.
Nigerian autotech startup Fixit45 acquires Parkit, unveils subscription-based VIP programme
Nigeria’s autotech platform, Fixit45 announced the acquisition of Parkit, a network of tech-enabled autocare and car wash centres.
Kenya-based electric mobility startup Opibus secures $7.5 million funding
Opibus says it will use this new funding to scale its operations in electric motorcycle and bus manufacturing.
Nigerian Auto financing startup Autochek secures $13.1m seed funding to deepen West African footprint
Autochek, the Nigerian automotive startup which recently expanded to Kenya, has secured $13.1 million in seed funding.
Chinese autonomous driving startup WeRide releases next-gen small, lightweight Sensor Suite 4.0
WeRide, a Chinese L4 autonomous driving company released WeRide Sensor Suite 4.0 (Suite 4.0), marking another key step towards the mass production of self-driving vehicles.
Chinese autonomous driving startup WeRide named "AutoTech Startup of the Year" in 2021 AutoTech Breakthrough Awards Program
WeRide, a world autonomous driving company, has been named "AutoTech Startup of the Year" in the annual AutoTech Breakthrough Awards conducted by market intelligence organization AutoTech Breakthrough.
[Startup Interview] Adedokun Muhammed-Ali Adedeji, Founder, Brightcloud Automobile, Nigeria
Adedokun Muhammed-Ali Adedeji is a Nigerian innovator, entrepreneur and logistics manager. A green mobility advocate, Adedokun is the founder of Brightcloud Automotive.
India car search startup CarDekho joins unicorn club after $250 million fundraise
It is the largest ever fundraise by CarDekho and the proceeds will be used to accelerate CarDekho’s growth in the Used Car transactions, Financial services and insurance businesses.
European startup CircuitMess partners with Warner Brothers Consumer Products to launch STEM-based autonomous Batmobile
CircuitMess announced its licensing deal with Warner Brothers and its Kickstarter campaign for the CircuitMess Batmobile, designed to teach children seven and up about engineering and autonomous driving.
ShipHero opens accelerator program to support emerging e-Commerce startups
ShipHero, the shipping and logistics provider for over 5,000 e-commerce brands and 3PLs, announced a new accelerator program for e-Commerce startups looking to supercharge their businesses with best-in-class warehouse management software.
Unilever invites startups to partner through Positive Beauty Growth Platform
Unilever announced the launch of the Positive Beauty Growth Platform, a new initiative which aims to partner with scaleups and startups to drive innovation and brand growth.
Proptech startup Nomad Homes raises $20m to digitize residential real estate across Europe, Middle East and Africa
Nomad Homes, a property technology startup that offers an end-to-end buyer experience for real estate across Europe, the Middle East and Africa, has closed a $20 million Series A funding round.
South African fintech firm Ukheshe partners with Chipper Cash startup to accelerate rollout out of digital payment offerings
South African fintech firm Ukheshe Technologies has partnered with Chipper Cash to enhance and accelerate the rollout out of Chipper’s digital payment offerings.
Canadian precision-farming startup Semios raises $100m in capital to expand agtech platform globally
Semios, a precision-farming platform and one of the world's largest independent agtech solutions providers, announced it has raised $100 million in funding led by Morningside Group, a Boston-based private equity and venture capital firm.
Social learning startup Fiveable closes $10m Series A funding to fuel student-led online spaces
Fiveable, a social learning platform that has supported more than 7 million high school students since 2018, has raised $10 million in Series A funding led by Union Square Ventures with participation from Owl Ventures and Progression Fund.
Israeli startup Appwrite raises $10m to build open source alternative to Google's firebase
Appwrite, the open source Backend-as-a-Service (BaaS) platform for web, mobile and flutter developers, announced it has raised $10 million in a seed round led by Bessemer Venture Partners and Flybridge with participation of Ibex Investors and Seedcamp.
Starfish Space startup raises $7m to develop Otter space tug
Starfish Space, a satellite servicing company founded by former Blue Origin engineers, announced it has raised a $7 million funding round co-led by NFX and MaC Venture Capital, with participation from PSL Ventures, Boost VC, Liquid2 Ventures, and Hypothesis.
DLA Piper advises GigCapital5 in $230m IPO
DLA Piper represented GigCapital5, Inc. in its initial public offering of 23,000,000 units at a price of $10 per unit, including 3,000,000 units issued upon the exercise of the over–allotment option granted to the underwriters.
New York-based Art+Tech accelerator receives funding to invest in art-fueled startups
New York-based Art+Tech accelerator Fuelarts returns after raising $500K from philanthropic funders. Launched in late 2019 by former Christie's COO Roxanna Zarnegar and serial entrepreneur Denis Belkevich, Fuelarts was forced to scale back its operations due to the pandemic.
Africa's crypto exchange Yellow Card raises $15m Series A funding to fuel expansion across the continent
Pan-African cryptocurrency exchange, Yellow Card, announced a $15 million Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring and continue its expansion across the continent.
EMURGO launches $100m Cardano ecosystem investment vehicle for early and growth stage startups
EMURGO, the official commercial arm of the Cardano blockchain, announced the launch of a new Cardano ecosystem investment vehicle to invest into early startup and growth stage companies focused on building socially impactful solutions powered by Cardano.
Ugandan fintech startup Fin-e Innovations raises $300,000 to bridge funding gap of African energy SMEs
Fin-e Innovations, a fintech start-up based in Uganda, has closed pre-seed funding of $300,000 from an undisclosed party in the United States.
Alberta tech startups to plug into global innovation system through new business accelerator
Alberta tech entrepreneurs and startups will soon have access to an accelerator with worldwide reach that will help them grow their businesses.
Industrial automation startup Agtonomy launches out of stealth to address farm labor crisis with $4m seed round
Agtonomy, a hybrid autonomy and tele-assist service platform, launched out of stealth and announced a $4 million seed round from Grit Ventures, GV (formerly Google Ventures), and Village Global.
Canadian supplier enablement startup Convictional raises $6.7m Series A funding
Convictional, the first supplier enablement platform for retailers and distributors to power drop ship, marketplace and wholesale business models in one solution, announced it has secured $6.7 million in Series A funding.
Perch Mobility startup raises seed funding to accelerate growth
Perch Mobility, the provider of portable charging pods that fuel the micromobility industry, announced the close of its successful seed round funding, which will enable the company to expand coverage into key strategic markets across the U.S.
The Vendry raises $6.5m seed round to support corporate events industry with new marketplace solutions
The Vendry, a marketplace and professional community for corporate event planners, announced the close of a $6.5 million seed funding round led by Peter Boyce, Founder of Stellation Capital.
German startup Focused Energy raises $15m seed round to pursue commercial fusion energy production
Focused Energy, a laser fusion startup dedicated to developing fusion as a means of generating clean alternative energy, announced the successful completion of $15 million in seed funding.
Delivery startup Glovo expands its African footprints
Leading multi-category delivery platform Glovo recently announced the expansion of its operations in Africa, to include Ghana and Tunisia, bringing its current operations to a total of seven countries on the continent.
[Column] Patrick Ndegwa: Growing a successful tech startup in Kenya, 4 key elements
The tech scene in Kenya is thriving. Even amid a global pandemic, economic uncertainty, and election fever, our dynamic African country has found a way to cut through the clutter and establish itself as the world’s ‘Silicon Savannah’.
Absa partners with Melanin Kapital to launch unsecured lending for startups in Kenya
Absa Bank Kenya has partnered with Pan African impact investment platform Melanin Kapital, to launch an investor readiness program that places startups driving social impact on the path to accessing up to KES3 million in unsecured lending.
Nigerian fintech startup Infibranches secures $2m funding from All On to drive growth in the renewable energy sector
Shell-funded impact investment company All On announced a $2 million investment in fintech company, Infibranches Technologies, to help bridge the energy distribution gap in underserved rural and peri-urban areas of Nigeria.
Rose Technology startup raises $5.5m seed round to change the way companies generate revenue from data
Rose Technology, founded by data scientist and former global macro investor Alexander Campbell, raised $5.5 million to change the way data-driven companies collect, analyze, and generate revenue from data.
Employee wellness early-stage tech startup Three Good announces seed round to fuel growth
A new employee wellness technology startup based in Los Angeles, Three Good, announced its seed round of funding. The employee well-being platform leverages Artificial Intelligence (AI) and traditional Psychology best practices to beat employee burnout.
Will Smith's Dreamers VC backs $4m funded fintech startup Front to take on wall street, arm investors with better insights
Front, a strategic investment platform and companion app to Robinhood, Coinbase, Stash, and more that helps guide better investment decisions for new investors, announced the launch of its new app with funding from Will Smith's Dreamers VC.
Healthtech startup bttn. adds PlastCareUSA to burgeoning supplier ecosystem
bttn., a Healthtech startup providing a B2B e-Commerce platform for purchasing medical supplies, announced an expansion to its product catalog with the addition of 93 PlastCare USA products for dental practitioners.
Chinese warehouse robotics startup HAI ROBOTICS secures $200m funding to accelerate growth
HAI ROBOTICS, a Chinese warehouse robotics startup pioneering in autonomous case-handling robotics (ACR) system, announced it has secured two new continuous rounds of financing, garnering $200-odd million in total.
Payroll-as-a-Service startup Check partners with Procare to improve payments in child care centers
Check, the payroll-as-a-service startup whose mission is to make paying people simple, announced a partnership with Procare Solutions, the child care management software platform.
Chinese intelligent robotics startup Agile Robots completes Series C financing to accelerate growth
Agile Robots, an intelligent robotics company, announced the completion of a Series C financing with a total investment of $220 million. The financing was led by SoftBank Vision Fund 2, followed by financial investors.
TDK Ventures invests in seed round for dry lithium-ion electrode manufacturing startup, AM Batteries
TDK Corporation announced that subsidiary TDK Ventures has invested in AM Batteries (AMB) to support the commercialization of its dry electrode coating technology that improves the manufacturing of lithium-ion batteries.
Fantasy football startup Sorare raises $680m Series B to create next sports entertainment giant leveraging NFTs
Sorare, the fantasy football platform, announced it has raised $680 million in Series B financing led by Softbank, with participation from Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP and Liontree.
Egyptian healthtech startup Sotech raises $1m in pre-seed funding to fuel growth
Sotech, an Egyptian e-health startup that specializes in smart IoT, trackable OOH advertising, and data gathering has raised $1 million in pre-seed funding round to scale its operations into the rest of the MENA region.
Online group therapy startup Grouport raises $1.5m series seed round to provide therapy for chronic psychological disorders
Grouport, an online group therapy service that's making group treatment widely accessible for chronic psychological disorders, announced a $1.5 million series seed round led by XV Venture Capital.
Plant-based food startup immi raises $3.8m seed funding to modernize instant ramen
immi, the better-for-you Asian American food brand that launched the world's first low-carb, high-protein, 100% plant-based instant ramen during the pandemic, announced a $3.8 million seed round fundraise led by Siddhi Capital.
Biotech startup Elevian raises $40m Series A to advance treatments for stroke recovery and age-related diseases
Elevian, an emerging biotech company developing medicines that restore youthful regenerative capacity with the potential to treat and prevent multiple age-related diseases, announced it raised $40 million in an oversubscribed Series A round led by Prime Movers Lab.
Pangea Trust opens applications for its Startup Connect Programme
Pangea Trust has opened applications for its Startup Connect Programme, to increase the deployment of diaspora remittances and networks to provide investment capital to MSMEs and startups in Kenya, Ethiopia and Somalia.
Berlin-based Workist exits stealth to create global AI business connectivity layer
Workist, the company applying cutting-edge, deep-learning technology to automate business transactions, exited stealth and introduced its flagship product WorKI, an intelligent document processing tool that leverages advanced artificial intelligence.
Construction tech startup KEWAZO raises $5m Series A funding to scale robotic fleet in scaffolding industry
KEWAZO, a player in construction robotics, announced it has closed a $5 million series A funding round, bringing the total amount raised to $9 million.
Nigerian agritech startup Releaf secures $4.2m funding to drive industrialisation of food processing in Africa
Nigeria's agritech startup Releaf, which develops proprietary hardware and software solutions to industrialize food processing, raised $2.7 million in seed funding and grants.
Canadian machine learning startup Private AI secures $3.15m seed round to streamline privacy compliance for enterprises
Private AI, a developer of privacy-preserving machine learning and natural language processing tools, announced it has secured $3.15 million in seed funding to improve its product offering.
Insurtech startup NEXT Insurance renews commitment to small businesses with integrated strategic rebrand
NEXT Insurance, the digital insurtech company transforming small business insurance, announced its strategic rebrand which will integrate small business owners from across the country into every part of the company's business, culture and ethos.
Illumina Accelerator invests in seven genomics startups for 3rd global cycle
Illumina has selected seven new genomics companies to join the third global funding cycle of Illumina Accelerator. The global company creation engine, focused on partnering with entrepreneurs to build breakthrough genomics startups.
Organic food startup Teatis closes seed funding round to advance production and marketing in the U.S.
Teatis, makers of superfood powders for diabetic consumers, announces the close of its seed funding round. The science-backed brand that specializes in sugar-blocking teas accrued $700,000 from various high-power angel investors.
ITRI partners with Arm to provide resources for innovative IC design startups in Taiwan
To promote Taiwanese local IC design startups, the Industrial Development Bureau (IDB) under the Ministry of Economic Affairs (MOEA) is supporting the Industrial Technology Research Institute (ITRI) and Arm, in providing critical resources.
Canadian machine learning startup CruxOCM raises $6m venture financing to accelerate growth
CruxOCM, the pioneer of robotic industrial process automation (RIPA) for control room operations, announced it has raised $6 million in venture financing to fuel growth.
Workwear startup BRUNT raises $8.4m Series A funding to accelerate growth
BRUNT Workwear, a modern work boot and apparel brand designed for today's construction workers and tradespeople, closed an $8.4 million Series A round to accelerate its growth and meet demand as the company disrupts a $12 billion-dollar category in the US.
Tech startup KUDO launches live captioning for multilingual meetings
KUDO Inc., the multilingual meeting SaaS company built around a B2B managed marketplace powered by the largest network of professional conference interpreters, announced the addition of live captioning to its list of platform features.
Lectra joins Plug and Play open innovation ecosystem
Major global player in the 4.0 Industry for the fashion, automotive, and furniture market, Lectra is joining the Brand & Retail program of the Plug and Play network, the world's leading innovation platform connecting startups, investors, and pioneering companies.
Medical software startup Optellum appoints Jason Pesterfield as CEO to drive commercial growth in the US
Optellum, a medical software startup based in Oxford, UK, has appointed Jason Pesterfield as CEO to lead growth in the US clinical market. Optellum is a leader in AI-based software that transforms early lung cancer diagnosis and therapy.
Silicon Valley Bank establishes physical presence in Miami
Silicon Valley Bank (SVB), the bank of the world's innovative companies and their investors, announced a team of commercial bankers have landed permanently in Miami to focus on Florida's dynamic innovation sector.
Huobi Ventures launches $10m fund to accelerate innovative GameFi projects
Huobi Ventures, the global investment arm of Huobi Group, announced the launch of a new $10 million fund to invest in emerging GameFi projects around the world.
Apto Payments acquires fintech startup Vertical Finance
Apto Payments, a next-generation cards and payments company, announced its acquisition of challenger credit card startup, Vertical Finance. The move expands both Apto Payments' product offerings and team.
Blockchain startup Zaimirai acquires Dash Masternode Hosting Operation from NODE40
Zaimirai, a startup blockchain services provider, announced the acquisition of the Dash Masternode Hosting Division of NODE40. The deal enables Zaimirai to build out its blockchain hosting services using the market-tested platform created by NODE40.
ActZero startup announces U.S. distribution relationship with Ingram Micro's Emerging Business Group
Managed Detection and Response (MDR) startup ActZero, announced a strategic distribution agreement with Ingram Micro Inc. and its Emerging Business Group, which offers providers high-touch services, specialization and speed to market.
Tech startup Normal receives investment to empower small businesses with innovative robo-consultant
As the Covid-19 pandemic and global warming continue to impact the world, Normal is building a digital platform that allows MSMEs to modernize their operations and implement sustainable and profitable growth.
Madagascar Time startup launches charity cryptocurrency $TIME to fight climate change
Madagascar Time startup has launched $TIME, the new cryptocurrency focused on charity work around the globe. Backed by an international team, $TIME combines unprecedented technology in the crypto space with social entrepreneurialism.
Tech startup SIMBA Chain raises $25m in Series A funding to accelerate growth
SIMBA Chain , the technology company that eliminated the complexities of blockchain app development and reduced energy usage, thus opening the door to a world of users, has closed a $25 million Series A funding round led by Valley Capital Partners.
Tango raises $5.7m seed round to launch workflow intelligence platform and transform documentation
Tango, the workflow intelligence platform that streamlines the process of creating documentation, announced it raised $5.7 million in seed funding to launch workflow intelligence platform and transform documentation.
Canadian plant-based food innovation startup TMRW Foods raises $2.6m in seed round funding
TMRW Foods, the growing Canadian plant-based food innovation company, announced a seed round investment of $2.6 million.
AI startup DataChat closes $25m Series A round to continue democratizing data analytics
DataChat, Inc., a software company that's revolutionizing data analytics, announced the closing of a $25 million Series A funding round led by Redline Capital and Anthos Capital.
Sports investing platform PredictionStrike raises $1.7m capital, launches new mobile app
Sports investing platform PredictionStrike announced its partnership with MaC Venture Capital and New Age Capital, as well as the launch of the company's new mobile app.
Foodtech startup GrubMarket acquires Bartolotta, further expands in Eastern US and Canada
Food technology startup GrubMarket announced it has completed the acquisition of Bartolotta, a full-service provider of fresh fruits and vegetables to customers in New England, the Mid-Atlantic and Eastern Canada.
Israeli insurtech startup Vesttoo joins NVIDIA Inception to further develop AI-based technologies
Israeli insurtech startup Vesttoo announced it has joined NVIDIA Inception, a program designed to nurture companies revolutionizing industries with advancements in AI and data sciences.
Travel adventure startup YouTravel.Me raises $1m to strengthen its position in the US
YouTravel.Me, an algorithm-powered online platform for booking small group adventure travel organized by travel experts, announced it has secured $1 million in funding.
Zing Health startup aligns corporate mission and philanthropy with Pledge 1%
Zing Health, a physician-founded-and-led provider of Medicare Advantage health plans, has made official its Pledge 1% program, raising its commitment to corporate philanthropy, community engagement, and STEM education.
[Startup Interview] Marko van Kampen, Co-Founder, Just Another Network, Netherlands
Just Another Network is a media company for the next generation that creates, manages and distributes news, sports and entertainment in a way that is contemporary.
[Startup Interview] Wibe van de Vijver, Co-Founder, Mohi, Netherlands
Mohi is a media startup that has created a platform where users can remove the clutter and build a space where they can organize a selection of their most enjoyable content experiences and share the absolute highlights with their inner circle.
[Startup Interview] Tom van Bentheim, Co-Founder, Opt Out Advertising, Netherlands
Opt Out Advertising is a startup that helps publishers, agencies and advertisers with the transition to cookieless advertising by offering a clean, privacy-friendly way of monetizing opt-out inventory in the online advertising industry.
[Startup Interview] Nicolas d'Audiffret, Co-Founder, Ankorstore
Ankorstore is an online B2B marketplace connecting brand and retailers, all around Europe.
[Startup Interview] Marcel van der Heijden, Co-Founder, GoodKarma, Netherlands
GoodKarma is a Dutch startup that works with brands to create unique experiences by offering them a host of services across branding, content, marketing, commerce and social media among others.
[Startup Interview] Marco Abele, Co-Founder, OneFor, Netherlands
OneFor is a fintech startup that offers various mobile money applications and technical services, including account, payment and card services. Its card solution is supported by Mastercard International. The startup’s Co-Founder Marco Abele elaborates.
[Startup Interview] Marsha Goei, Co-Founder, Breeze, Netherlands
Breeze is a Dutch-based startup that seeks to make online dating revolve around offline encounters again. It embraces technology to enhance human connection instead of replacing it.
Tech startup Spinach raises $2.75m pre-seed round for Zoom meeting integration
Spinach, one of the first Zoom Apps partners aimed at helping distributed teams be more effective, announced $2.75 million in pre-seed funding led by Cardumen Capital.
Wine & spirits e-Commerce startup Speakeasy Co. raises $2m seed round to accelerate growth
Speakeasy Co., a technology company and e-commerce platform for the wine & spirits industry, announced a $2 million seed round led by Trog Hawley Capital LLC with participation from other notable investors.
CB Insights launches algorithm to score the quality of startup's founding and management team
CB Insights, which enables world's leading companies to make smarter technology decisions, announced Management Mosaic, the first-ever algorithm to demystify the quality of a startup's founding and management team.
Next-gen research platform Litmaps closes $125K seed-stage investment from Quidnet Ventures
Litmaps, a Science software company based in Wellington, New Zealand has received NZ$125,000 in funding from Quidnet Ventures, a New Zealand-based venture capital fund with operations in Auckland, NZ, San Francisco and New York.
LG announces global startup competition to recruit new businesses for innovation center
LG Electronics (LG) announced the launch of Mission for the Future, a global challenge competition for startups to identify innovative technologies and business ideas that pave the way to the future.
Sharp Alpha Advisors announces sports betting startup pitch competition in partnership with Sportradar
Sharp Alpha Advisors, a firm specializing in early-stage sports betting technology, and Sportradar, a global provider of sports betting and sports entertainment products and services, have partnered to announce a sports betting startup pitch competition.
Videogame startup Nifty Games raises $38m capital to redefine mobile sports games
Nifty Games, a videogame developer and publisher focused on quick-session, head-to-head sports games for mobile, raised $26 million in a Series B round of equity funding led by Vulcan Capital. In addition, the company has secured $12 million in connected debt financing.
DLA Piper advises investment analytics platform Aumni in $50m Series B financing
DLA Piper represented Aumni, an investment analytics platform that provides the data infrastructure for private capital markets, in a $50 million Series B funding round led by J.P. Morgan.
Oddup raises $12.8m Series C funding to increase access to pre-eminent global startup ecosystem insights
Oddup, an international provider of data-driven insights for the startup and cryptocurrency ecosystems, announced the close of a $12.8 million Series C funding round.
Shuttle-hailing startup SWVL completes $35.5m pre-funding to accelerate growth strategy
SWVL, a Dubai-based provider of transformative mass transit and shared mobility solutions, announced that several investors, including Agility and Chimera Abu Dhabi, have completed the pre-funding of $35.5 million of the aggregate PIPE subscription.
South African fintech startup SOL announces rebrand with new virtual card offering
South African fintech startup SOLmate, an online payment platform that offers clients a digital wallet facility, has unveiled a new product offering together with an extensive rebrand and renewed corporate vision.
Recreational vehicle startup RINDEV announces preorder reservations of its experience driven electric side by side
Recreational vehicle disruptor, RINDEV, announced the opening of preorder reservations for their exciting and futuristic electric side by side, designed to address issues of global warming and overall experience.
Autonomous vehicle insurtech startup Koop Technologies raises $2.5m seed round
Koop Technologies, an insurance technology startup specializing in autonomous vehicle and robotics risks announced its $2.5 million seed funding.
Tel Aviv-based innovation hub Drive TLV to expand in the U.S. and Europe
Drive TLV, a unique innovation hub connecting high-tech Israeli startups with major corporate partners around the world, plans to begin working with U.S. and European startup companies next year.
Mobility fintech startup Moove raises $23m Series A funding to democratize vehicle ownership in Africa
Moove, an African mobility fintech startup, announced it has raised $23 million in Series A funding, led by Speedinvest and Left Lane Capital.
Toyota AI Ventures rebrands as Toyota Ventures, adds $300m to invest in emerging technologies and carbon neutrality
Toyota's first standalone, early-stage venture capital firm, Toyota AI Ventures, will change its name to Toyota Ventures and grow its total assets under management to more than $500 million with the addition of two $150 million early-stage funds.
HONK supports insurance startup Branch with digitally-driven roadside assistance solutions
HONK Technologies, the digital platform connecting drivers and towing professionals, announced it is supporting Branch, the startup that pioneered bundling home and auto insurance online.
Berlin-based startup betteries secures €2.1m seed funding to upcycle electric vehicle batteries, avert climate change
Berlin-based profit for impact startup betteries has successfully closed its €2.1 million seed funding round led by impact funds Factor[e] Ventures and Beyond Black.
FORT Robotics startup closes on $13m in funding
FORT Robotics, the first pure-play technology company creating safety-and-security solutions for autonomous machines, closed on $13 million in funding led by Prime Movers Lab.
Canadian fintech startup FIX4 set to transform car repair loan market
Canadian retail finance startup FIX4 Capital has joined the "Buy Now Pay Later" boom by offering instant online loan approvals so customers can enjoy flexible payment solutions for any car repair and maintenance estimates.
Recogni startup raises $48.9m Series B investment for AI-powered perception chips
Recogni, the developers of an AI vision cognition system for autonomous vehicles, announced $48.9 million in a Series B financing round, to help bring its perception platform to market and expand its engineering and go-to-market teams.
Plug and Play partners with MESS to create a mobility & IoT innovation hub in Istanbul, Turkey
Global innovation platform for startups and corporations from Silicon Valley, Plug and Play, is partnering with Turkish Employers' Association of Metal Industries MESS, in launching its newest location in Istanbul, Turkey.
Toyoda Gosei Invests in Tohoku University startup Ball Wave
Toyoda Gosei Co., Ltd. has invested in Ball Wave Inc., a startup from Tohoku University that develops practical applications of ball SAW sensors.
South Korean startup Autonomous a2z raises $1.9m for autonomous driving solution
Autonomous a2z, a member company of Born2Global Centre and Sejong Technopark, received a seed investment of $1.9 million from angel investments by individuals and partner corporations.
Porsche Ventures invests in AI startup Drivably's breakthrough inventory technology
Drivably, an advanced AI company that helps dealers acquire private party inventory from the right markets at the right price, has received an investment from Porsche Ventures to help Drivably further develop its technology and expand its footprint.
CNN partners with Hyundai to explore innovations in transport and mobility
CNN International Commercial (CNNIC) and Hyundai Motor Company (Hyundai) have collaborated on a cross-platform campaign that explores how innovation will change the way we will live in the future.
Toyota AI Ventures invests in Canadian robotic kitchen startup YPC Technologies
Toyota AI Ventures, Toyota's early-stage venture capital fund, announced its investment in YPC Technologies, a robotic kitchen startup based in Montreal, Canada.
Seegrid acquires Box Robotics to boost deep learning in manufacturing space
Seegrid Corporation has acquired Box Robotics, a mobile robotics startup bringing high-definition maps, three-dimensional LiDAR, and deep learning to the warehouse and manufacturing space.
Seegrid closes $52 million in growth equity financing
Seegrid Corporation, the company involved in self-driving industrial vehicles for material handling, has announced that it closed a $52 million growth equity financing round.
AI-based startup SafeRide expands into Germany to support, accelerate growing business in Europe
SafeRide Technologies, a leading provider of AI-based vehicle health management, data analytics, and cybersecurity solutions for connected and autonomous vehicles, announced the opening of a new office in Germany.
SafeButler, Liberty Mutual partner to offer instant renters insurance
YCombinator funded startup SafeButler has partnered with Liberty Mutual, an insurance industry leader for over 100 years, to provide instant access to a comprehensive renters insurance plan at a very low rate.
BorgWarner expands collaboration with startup ecosystem Plug and Play
BorgWarner announced its next venture with Plug and Play, a global innovation platform and accelerator ecosystem for startup companies, by becoming a partner of its newly planned incubator location in Detroit.
AI-powered freight dispatch startup SmartHop raises $4.5 Million to fund expansion
SmartHop, a Florida tech-enabled dispatch solution empowering small trucking companies to grow their businesses, has announced that it has closed a $4.5 Million Seed round
U.S. startup Ossia partners with Toyoda Gosei to deliver wireless power over the air in vehicle cabins
Toyoda Gosei Co, a Toyota Group company, has concluded a joint development agreement with Ossia Inc, a U.S. startup that leads the world in the field of wireless power solutions.
Finish startup Basemark receives €7 million funding to accelerate vehicle automation
Basemark, Finland software company specializing in graphics and autonomous driving vehicle software, has successfully concluded a €7 million equity funding round by ETF Partners.
U.S. electric-vehicle startup Fisker completes $50m private financing to launch its Ocean all-electric luxury SUV in 2022
Fisker, designer and manufacturer of the world’s most emotionstirring, eco-friendly electric vehicles and advanced mobility solutions announced the successful completion of a $50 million Series C financing round.
ETF leads €7 million investment in Finnish startup Basemark
Basemark, a leading software company specialising in graphics and autonomous driving vehicle software, has successfully concluded a €7 million equity funding round by ETF Partners.
British startup Cazoo reaches unicorn status, gets extra £25m funding
British used-car startup Cazoo has joined the exclusive list of companies known as unicorns, with valuations in excess of $1 billion.
French startup Monk raises $2.4m Seed round to develop AI-based inspection technology
French startup Monk, an Artificial Intelligence focused on car damage detection announced a $2.4 million fundraising Seed round led by Iris Capital, alongside Plug and Play and key business angels.
Bolt raises €100m from Naya Capital to expand transport, food delivery services in Europe and Africa
Estonia-based Bolt has closed an investment round of €100m from Naya Capital Management to help the company continue to scale its product segments from ride-hailing to micro-mobility and food delivery in Europe and Africa.
BlaBlaCar partners with Voi Technology to offer e-scooters in France
Carpooling platform BlaBlaCar has chosen to extend its offer and partner with Swedish electric scooters company Voi Technology to offer BlaBla Ride Scooters.
Flat6Labs Tunis hosts Fifth Demo Day, graduates 8 startups digitally
Flat6Labs Tunis celebrated it’s fifth Demo Day online, with 8 innovative startups presenting their businesses to hundreds of registered attendees.
Interviews.
[Interview] Caroline Mutuku, General Manager, Glovo, Kenya
Caroline Mutuku is Kenya's General Manager of multi-category app Glovo. Caroline joined Glovo in December 2022 from Swvl Kenya where she also served as the General Manager from December 2021. In this interview...read more here
[Interview] Renate Swanepoel, COO, INC. Networking
Renate Swanepoel is an entrepreneur, global networker and inspirational speaker that has helped thousands of people around the world to find their purpose. She has gained significant networking and communication...read more here
[Interview] Anne-Marie Chidzero, Chief Investment Officer, FSD Africa
Anne-Marie Chidzero is the Chief Investment Officer at the Financial Sector Deepening Africa (FSD Africa) Investments. In this interview, she talks about the risks and opportunities in backing Africa’s early-stage startups...read more here
[Interview] James Kilpatrick, Chair, Gravitilab, UK
Gravitilab is a "Space as a Service" business providing research, testing and qualification facilities to space agencies, government, academia and commercial enterprises. The company’s Chair and Chief Finance Officer...read more here
[Interview] Ramanjeet Singh, CEO, Woosper, USA
Woosper is a US-based digital advertising and marketing agency focused on creating experiences that help clients discover their place in the digital world. The CEO Ramanjeet Singh...read more here