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Aramco expands global venture capital programme with $4 billion funds injection
It will take Aramco's overall venture capital allocation to $7.5bn, which also includes the $500 million venture capital fund Wa'ed Ventures that focuses on the start-up ecosystem in the Kingdom of Saudi Arabia.
Relocalize raises $2.5m seed round to decarbonize food & beverage manufacturing
Relocalize has raised $2.5m in the initial closing of $3.5m seed round.
STHL East Africa bets on demand for power tools to grow revenues
German power tools manufacturer, STIHL East Africa, has reported a significant increase in revenue in its first year of operation since upgrading its marketing office to a fully-fledged sales subsidiary.
UnitX raises $5m to elevate manufacturing quality with AI-powered defect detection
UnitX has announced a $5m investment from SE Ventures.
Hexagon announces nine startups set to transform manufacturing sustainability and digital reality
Hexagon has announced the nine startups chosen for its third Sixth Sense cohort.
STIHL East Africa set to introduce battered powered products
STIHL East Africa has announced plans to introduce battery powered products in the East African Market as the firm celebrates its one year anniversary in the region.
SynBio startup Enzymit announces breakthrough in cell-free hyaluronic acid production
Enzymit announced its success in synthetically producing hyaluronic acid (HA).
Hexagon calls for startups to apply for its third Sixth Sense cohort
Hexagon's Manufacturing Intelligence division has announced a call for startups to apply for its third Sixth Sense cohort.
46VC invests in Exum Instruments' Series A funding round
FortySix Venture Capital (46VC), announced its strategic investment in Exum Instruments' Series A funding round.
Volition raises $11m to scale the world's largest industrial parts marketplace
Volition has announced an $11 million seed round led by Newark Venture Partners.
STIHL EA to invest Sh100 million to boost local manufacturing
Power tools manufacturer STIHL East Africa has announced it will invest Sh100 million in local accessories manufacturing every year as it seeks to localise its product development in the region.
Mitsubishi Electric’s Innovation Fund invests in Israeli cybersecurity startup SCADAfence
SCADAfence provides visibility to networks that support industrial systems and critical infrastructure, in an age where various types of malware, are threatening industrial systems and critical infrastructure, frequently shutting down their control systems and causing serious incidents.
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.
Al-Abdullah Group invests $50m in Indian EV startup Kabira Mobility to accelerate growth
Kabira Mobility, a prominent electric bike manufacturer in India renowned for its KM3000 and KM4000 models, announced it has secured a $50 million investment from its strategic investor, Al-Abdulla Group (Qatar).
[Interview] Chris Okoro, CEO, Eunisell Interlinked, Nigeria
Chris Okoro is an entrepreneur and business strategist skilled in the Financial Services and Engineering sector. He's currently the Managing Director and CEO of Eunisell Interlinked, Nigeria.
[Column] Mark Wilson: The ERP and technology trends that will shape 2023
Following a year of disruption caused by Russia’s invasion of Ukraine, supply chain disruptions and record-breaking inflation, we look to the year ahead and what 2023 might have in store for manufacturers and distributors.
IDTechEx explores nine startups innovating polymer additive manufacturing
Essential to understanding the evolution of the polymer 3D printing industry is exploring the change from low-cost printing technologies and materials to the slow growth and adoption of innovative polymer printing technologies.
Metal 3D printing startup Fabric8Labs closes $50m Series B financing for electrochemical additive manufacturing technology
Fabric8Labs, pioneer of electrochemical additive manufacturing, announced the close of a $50 million Series B investment round led by New Enterprise Associates (NEA).
Israeli startup aiOla raises $25m to interface natural language to AI solutions in traditional manufacturing
Israeli startup aiOla announced it has secured $25 million in funding led by New Era with the participation of Hamilton Lane and other investors.
Former CEO of BMW Manufacturing Knudt Flor joins South Carolina startup Delta Bravo
Retired BMW Manufacturing CEO Knudt Flor has been appointed to the newly created advisory board at predictive analytics company Delta Bravo Artificial Intelligence (Delta Bravo AI).
Nigerian agritech startup Releaf secures $3.3m pre-Series A funding, unveils new technologies to drive profitability for consumer goods manufacturers
Releaf, a Nigerian agritech startup, has raised $3.3 million in an oversubscribed pre-Series A funding round.
Season Group acquires IoT tech startup Pycom to give all connected ideas an opportunity to succeed
Season Group, an international electronics design and manufacturing services provider headquartered in Hong Kong, announced its acquisition of all assets of Pycom, a full stack Internet of Things (IoT) company.
Rosotics raises $750,000 pre-seed round for novel approach to heavy industry 3D printing
Rosotics, innovators in additive manufacturing, announced $750,000 in pre-seed funding led by Draper Associates.
Austrian deep-tech startup Sarcura closes €7m to develop next-generation cell therapy manufacturing platform
Austrian deep-tech startup Sarcura announced the closing of an oversubscribed €7 million Seed Plus funding round to develop a next-generation cell therapy manufacturing platform.
Manchester-based consumer insights startup Vypr raises additional £3.4m to scale its product intelligence platform
Fast-growing consumer insights business Vypr has received new investment of £3.4 million, at a significantly increased valuation on its last funding round in January 2021.
[Forum] Promoting investment flows from South Korea to Vietnam
South Korea has been, is, and will be the leading investor in Vietnam. The two parties can cooperate to achieve "Dual Goals" of US$100 billion in bilateral trade and total investment in the near future.
French cloud infrastructure startup Newboot completes first fundraising round to accelerate growth
Toulouse and Paris-based startup Newboot announced it has completed its first fundraising round with NOVA by Saint-Gobain and several Business Angels.
London-based Sidekick raises £3.33m pre-seed to build a modern investment manager for today’s changing world
Sidekick, a digital active investment manager built for today’s rapidly changing world, announced a £3.33 million pre-seed equity round led by Octopus Ventures.
GS1 Hong Kong unlocks the next generation of trade finance service for SMEs in China
GS1 Hong Kong (GS1 HK) announced it has welcomed the launch of Commercial Data Interchange (CDI) by the Hong Kong Monetary Authority (HKMA).
Dutch AI startup Axelera closes $27m Series A investment round to accelerate growth
European AI startup Axelera AI announced the closing of its $27 million Series A investment round to support its AI’s launch and mass production of its first-generation AI acceleration platform.
Caplight secures $3m investment from Deutsche Börse to expand derivatives trading and hedging on private company shares
Caplight Technologies announced it has secured a strategic investment from one of the leading global market infrastructure providers, Deutsche Börse Group, as well as other existing investors.
Georgia-Pacific, gener8tor welcome third cohort of startups to 1915 Studios gBETA accelerator program
Georgia-Pacific, in partnership with global venture firm and startup accelerator gener8tor, has kicked off its third 1915 Studios gBETA accelerator program.
Fintech emerging as Africa’s most vibrant sector, study
Fintech startups in Africa grew 81% in 2021, with South Africa, Nigeria, and Kenya emerging as key hubs on the continent, found a Mastercard study on the state of fintech in African markets.
Kenyan fintech startup Tanda announces agency banking entry in Uganda, Rwanda, Tanzania
Kenyan fintech startup Tanda announced plans for agency banking entry in Uganda, Rwanda, Tanzania to accelerate growth within the East African markets.
Tanzanian fintech startup NALA enables Google Pay payments from the US and UK into Africa
NALA, a Tanzanian fintech startup facilitating remittances from the African diaspora in the UK and US, has integrated Google Pay into its suite of payment options for users.
South African digital identity startup iiDENTIFii raises $15m growth capital to fuel expansion across Africa
Cape Town-based digital identity startup iiDENTIFii announced it has raised $15 million in growth capital to fuel its expansion across Africa.
Meet female scientists who develop cellular and gene therapies in China, Jiang and Zhang
Inside Namtai Inno Park in Guangming District hides a low-profile biomedical development firm; Shenzhen Wingor Biotechnology company.
Stone Ridge launches Wolf, a NYC startup accelerator dedicated to Lightning Network
Stone Ridge, a parent to bitcoin company NYDIG, announced the launch of In Wolf's Clothing (Wolf), the first-ever startup accelerator dedicated to Lightning, a "layer 2" protocol built on top of Bitcoin.
Israeli QuantHealth startup raises $2.6m seed round to provide comprehensive clinical trial simulation solution
QuantHealth, an AI-powered clinical trial design startup, announced its emergence from stealth, along with a $2.6 million seed financing round led by Shoni Top.
SwiftConnect closes $17m Series A financing to scale access control integration platform for hybrid workplaces
SwiftConnect, a software platform provider that enables flexible work by connecting the right people to the right space at the right time, announced it has closed $17 million Series A round of financing.
Danish blockchain startup Drivn enables users earn an income while saving the planet
Drivn, the brainchild of three Danish founders, aims to change the world's travel behavior towards a more sustainable future.
Nashville-based advanced radio technology startup Xtremis announces move to West Virginia
Xtremis, a Nashville-based startup developing advanced, Artificial Intelligence control systems that improve the performance of wireless networks in congested RF environments, announced its intention to relocate to Morgantown, WV.
German biotech startup Mogling Bio completes first seed investment round from Kizoo
Mogling Bio, a German biotech startup, announced it has successfully completed its first seed investment round from sole investor venture capital firm Kizoo Technology Capital.
Swedish startup Grafbase raises $5m seed funding to build the data platform of the future
Grafbase, the data platform for developers, announced it has raised fresh $5 million seed funding round, bringing $7.3 million in total funding.
British fashion startup LØCI raises £4m seed round to disrupt the fashion industry
15-month-old British fashion brand LØCI announced a £4 million seed round, as well as an investment from actor and environmentalist Leonardo DiCaprio to further its impact-driven mission of redefining the sector.
Baukunst raises $100m fund to lead pre-seed investments in companies at the frontiers of technology and design
Baukunst, the collective of creative technologists advancing the art of building companies at the frontiers of technology and design, announced it has raised a $100 million Fund I.
Finnish hospitality tech startup Bob W raises 21€m Series A funding round to accelerate growth
Tech-driven hospitality provider, Bob W, the provider of smarter and more sustainable alternative to hotels and short-stay rentals, has secured €21 million in series A funding, led by IDC Ventures.
Nigerian social commerce startup Bumpa raises $4m seed funding to build the future of commerce for African sellers
Nigerian social commerce startup Bumpa announced it has raised $4 million seed round led by Base10 Partners, the largest black-led fund in the world, with participation from Plug & Play Ventures.
BreadBot maker Wilkinson Baking Company raises $3m seed round to accelerate growth
Wilkinson Baking Company (WBC), the creator of world's first fully-automated commercial bread baking robot, announced the close of its fully subscribed $3.0 million seed round.
Japanese startup SUN METALON raises $5.6m funding to democratize metal 3D manufacturing
SUN METALON, a Japanese startup developing a metal 3D printer, announced the procurement of $5.6 million in its pre-series A funding round.
Swedish tech startup Lurkit launches Creator Program, a gaming influencer marketing product
Swedish tech startup Lurkit announced it is taking its newest gaming influencer marketing product, 'Creator Program,' to the market.
Netmaker launches with $2.3m funding to fix cloud networking with WireGuard
Netmaker, a cloud networking startup, announced $2.3 million in funding to launch their "superhighway for secure cloud networks." The round was led by Lytical Ventures.
Reproductive tech startup Inti Labs sets sights on global infertility trend
Reproductive tech startup Inti Labs announced its official launch and ambitious long-term vision to overcome infertility. The company is focused on developing a range of first-in-class diagnostic tests for the in vitro fertilization (IVF) market.
Flourish Ventures launches Africa-focused pre-seed investment platform, Madica
Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs, announced the launch of affiliate Madica, a structured investment program for pre-seed stage technology companies in Africa.
Fintech startup Banyan raises $43m Series A to scale world's largest SKU data network
Banyan, the network for SKU data, announced it has raised $43 million Series A round led by Fin Capital and M13. The investment will accelerate Banyan's technology and infrastructure growth.
Wayfinder Biosciences startup raises $3.5m to program RNA
RNA design company Wayfinder Biosciences announced it has raised a $3.5 million series seed round led by Notation Capital and Divergent Capital to continue its groundbreaking work in the use of RNA as a detection and therapeutic platform.
Swiss NFT-based athlete investment startup FANtium raises €2m angel investment to democratize athlete financing
Swiss NFT-based athlete investment platform FANtium, announced a private pre-seed round of $2 million.
UK-based climate tech startup Levidian secures £12m investment from Baker Hughes to scale growth
US energy technology giant Baker Hughes has backed Levidian’s world-first decarbonisation technologies with a £12m investment at a £130m valuation, opening up global collaboration opportunities.
President Buhari signs Nigeria Startup Bill into law
Nigeria has become the latest country to pass a Startup Bill, giving a more formal approach to how the startup ecosystem is governed.
Biotech startup Hoxton Farms raises $22m Series A to cultivate animal fat in new pilot facility in London
London-based Hoxton Farms has announced a $22 million Series A round to build a pilot facility for producing cultivated fat: the missing ingredient necessary to make meat alternatives delicious, realistic and versatile.
LHoFT announces15 fintech startups selected for CATAPULT: Inclusion Africa 2022 program
LHoFT has announced the 15 fintech startups that have been selected to participate in the fifth edition of the CATAPULT: Inclusion Africa program.
National Grid Partners invests $20m in startups to transform the grid
National Grid Partners (NGP) announced investments of $20 million across three startups to transform the way utilities and other enterprises manage vast physical infrastructure.
Nigerian mobility fintech Moove raises £15m financing facility to scale UK operations
Moove announced it has raised £15 million in financing from Emso Asset Management to scale up its UK operations following a successful launch in August.
[Startup Interview] Rupinder Pal Singh, CEO, Seasia Infotech, India
Seasia Infotech is an Indian-based company that offers digital solutions to businesses worldwide that help brands leverage design, development processes and software technologies with personalized customer experiences.
Wine cellaring startup InVintory closes first $1.5m fundraise led by its community of wine collectors
InVintory, a wine cellaring platform, announced it has closed a $1.5 million seed round, with a third of the investment contributed by its own users.
Greenlight Re Innovations announces investment in short-term rental insurance startup Safely
Greenlight Re Innovations (GRI), part of Greenlight Capital Re, has announced an investment in SafelyStay (Safely), the provider of short-term rental insurance.
Paris-based Aqemia raises €30m to scale its deep physics and AI enabled drug discovery pipeline
Paris-based Aqemia has raised €30 million in a Series A funding round led by Eurazeo and Bpifrance through its Large Venture fund, with the participation of Elaia its historic investor.
Worktech startup TaTiO raises $5.3m to enable understaffed companies access America's untapped workforce with AI
TaTiO, a future of work company that uses AI to help companies fill open positions with qualified workers, announced the completion of a $5.3 million seed round.
Insurtech Otonomi raises $3.4m to build a first-to-market blockchain-powered parametric cargo platform
Insurtech startup Otonomi announced it has closed a $3.4 million oversubscribed funding round, to build a first-to-market blockchain-powered parametric cargo platform.
VetsinTech announces winners of second annual tech startup pitch competition
VetsinTech, the national non-profit dedicated to supporting veterans through tech-based programs and opportunities in education, employment, and entrepreneurship, announced the top winners of its second annual tech startup pitch competition.
UK-based spaceflight startup Orbex secures £40.4m Series C funding to scale up its resources
UK-based spaceflight company Orbex has secured £40.4 million for its Series C funding round, led by a new investor, the Scottish National Investment Bank.
Spring Health startup partners with Moda Health to deliver measurement-based mental health care
Spring Health announced its agreement with Moda Health to deliver measurement-based mental health care to select employer groups through Moda's innovative Behavioral Health 360 platform.
Brex partners with AngelList to help Founders better manage and grow startups
Brex announced its partnership with AngelList to help founders effortlessly manage their corporate card and spend within AngelList Stack - a suite of tools that allows founders to manage their company's incorporation.
Sierra Ventures appoints Anne Gherini as Chief Marketing Officer to accelerate firm's growth
Sierra Ventures, an early-stage venture capital firm investing in core enterprise and next-gen technologies, announced that Anne Gherini has joined the firm as Chief Marketing Officer.
Easop launches out of stealth with $2.5m seed funding to unleash full power of equity
Easop announced it has officially launched and raised $2.5 million in seed funding to pursue its mission of making team ownership plans accessible to every private company in the world.
London-based private equity platform Lightrock closes inaugural Climate Impact Fund at €860m
Lightrock, a global private equity platform that backs purpose-driven entrepreneurs tackling the world’s biggest challenges, has closed its inaugural Lightrock Climate Impact Fund (“LCIF” or “the Fund”) with commitments of €860 million.
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.
Kenyan home furniture startup MoKo raises $6m to accelerate growth
Kenyan home furniture startup MoKo announced it raised $6.5 million in a Series B funding round, which is a combination of debt and equity.
BDev Ventures invests in B2B adtech startup Nickelytics to accelerate growth
BDev Ventures announced a partnership with Nickelytics, a Techstars ‘20-backed B2B adtech startup that allows brands to launch hyperlocal out-of-home advertising campaigns.
Mobile banking fintech NorthOne raises $67m Series B funding to accelerate growth across small business communities
NorthOne announced it has raised $67 million in Series B funding. With participation from new and existing investors, NorthOne is poised to further expand the reach of its business management platform.
Hardware-focused accelerator FP Solutions launches with $3m fundraising to develop the disruptive startup ecosystem
FP (First Principle) Solutions, a new hardware-focused accelerator, successfully launched and completed a $3 million seed round fundraising.
Belgian construction management startup Vertuoza raises €4m pre-Series A round to accelerate growth
Vertuoza, the Belgian construction management and monitoring software company for SMEs in the construction sector, announced a new €4 million pre-Series A round.
Mastercard Vice Chairman Gilberto Caldart joins climate impact venture capital firm Vidavo as Venture Partner
Vidavo Ventures announced that the top executive and one of the architects of Mastercard's international expansion and accelerated growth Gilberto Caldart, has joined the firm in the role of Venture Partner.
Ugandan agritech startup Inputi receives investment to boost inputs distribution
Ugandan agritech startup Inputi announced it received an investment funding to boost inputs distribution across the country.
Nigerian healthtech startup Lifestores raises $3m to expand its pharmaceutical marketplace
Nigerian healthtech startup Lifestores Healthcare has raised $3 million for expansion across the country in a pre-Series A funding round.
36 African tech startups selected for MEST Africa Challenge 2022
MEST Africa has announced the 36 technology startups from 5 African countries that have been selected for the regional pitch competition stage of the 2022 MEST Africa Challenge.
Nigerian data and intelligence startup Stears raises $3.3m to solve Africa’s data dearth
Nigerian data and intelligence company, Stears has raised $3.3 million to enhance its data collection and analytics capabilities, acquire talent and expand into East and Southern Africa.
Ugandan fintech startup Tugende raises $10m pre-Series B funding to increase portfolio growth
Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking.
BNP Paribas acquires London’s currency management automation fintech Kantox
BNP Paribas announced the signature of an agreement for the acquisition of Kantox, a fintech for the automation of currency risk management.
Cryptocurrency startup Zerion closes $12m Series B funding to build the best wallet for Web3 citizens
Zerion, the wallet for the most active web3 users, announced the closing of a $12.3 million Series B funding round led by Wintermute Ventures.
Barcelona's human resources startup Factorial becomes a Unicorn after $120m Series C investment round
Barcelona-based human resources startup Factorial is now the newest European Unicorn after closing a Series C investment round of $120 million with a valuation of $1 billion.
Logistics Startup Nuvocargo appoints Nicholas Simmons as Head of Engineering to accelerate company's growth
Nuvocargo has appointed former Shopify executive Nicholas Simmons as Head of Engineering to continue to develop the Nuvocargo platform and expand the company’s world-class engineering team.
Amsterdam-based HolidayHero closes €500k pre-seed round to enhance guest experiences in the travel industry
HolidayHero announced a successful closing of €500,000 pre-seed funding round to kick off its vision of delivering proactive and personalized guest experiences in the travel industry.
Climate infrastructure startup EcoCart raises $14.5m Series A to accelerate sustainable e-Commerce
EcoCart, a software company building the infrastructure for e-Commerce companies to operate sustainably at scale, has raised a $14.5 million Series A round.
Software firm Aptean secures growth investment to accelerate innovation and global expansion
Aptean announced that a definitive agreement has been signed through which it will receive a strategic investment from Insight Partners and existing investor TA Associates (TA).
Paris-based cultivated meat startup Gourmey raises €48m Series A funding to accelerate growth
French cultivated meat startup Gourmey, that was part of the Big Idea Ventures program’s first cohort, has raised an oversubscribed €48 million Series A.
CrowdStreet raises $43m to fund growth, accelerate demand for online real estate investing
CrowdStreet, an online real estate investing platform, announced it has raised $43 million in equity and debt capital to help fund the company's growth and make the market for online real estate investing.
Novo Seeds portfolio company NMD Pharma reports positive top-line Phase I/IIa data in myasthenia gravis
Novo Holdings announced that its portfolio company NMD Pharma, reported positive top-line results from a Phase I/IIa clinical trial for its lead asset, NMD670.
Dutch-based Hyperion Lab’s third cohort startups set to improve the world with sustainable AI
Hyperion Lab kicked off its third cohort of the Amsterdam AI innovation program and eight new startups (seven of which are Dutch) want to improve the world with AI.
Online dating startup for Black women CarpeDM closes $1m oversubscribed pre-seed round
CarpeDM, a Techstars portfolio company, announced the closing of its oversubscribed pre-seed financing round bringing total capital raised by the early stage startup to $1.054 million.
GridBeyond secures €6m investment from UK's Claret Capital to support smart energy expansion
GridBeyond, the pioneer in intelligent energy technology, has agreed a debt financing facility of €6 million led by Claret Capital, to support the Irish headquartered company’s continued internationalisation plans.
Austin, TX-based startup PetPair secures $1.2m pre-seed round to scale pet adoption marketplace
PetPair, an Austin, TX-based foster-powered pet adoption marketplace, announced it has closed a $1.1 million pre-seed round for a total of $1.2 million raised to date.
Żabka Group, Kozminski Business Hub launch second edition of acceleration programme for Polish environmental startups
Żabka Group in collaboration with Kozminski Business Hub, a Kozminski University organisation which seeks and supports startups, is launching the second edition of the acceleration programme.
German manufacturer The Stihl Group enters Kenyan market
The subsidiary dubbed Stihl East Africa will be its Eastern Africa hub servicing countries that include Kenya, Uganda, Tanzania, DRC, Rwanda, and Burundi among others.
Kenyan mobile commerce startup Copia unveils manufacturing unit for sugar and rice production
Copia Global, a Kenyan-based mobile commerce platform has unveiled a new manufacturing unit to enhance its output of affordable sugar and rice to the Kenyan market.
London-based startup Geomiq raises $8.5m to digitize manufacturing and deliver industry leading service levels
London-based startup Geomiq announced it has raised $8.5 million funding to digitize global manufacturing and deliver industry leading service levels for Engineers and Procurement teams.
Virginia-based fashion tech startup Circ raises $30m funding to expand recycle clothing, eliminate waste
The circular fashion company Circ announced over $30 million in Series B funding backed by some of the largest international apparel companies and venture capital firms.
Simplifyber secures $3.5m seed investment to reinvent how clothing is made with sustainable, advanced Manufacturing
Simplifyber, the creator of the world's first fully-molded garment and shoe uppers made directly from a cellulose-based liquid, announced the closing of a $3.5 million round of seed funding.
TDK Ventures joins forces with VueReal to accelerate microprinting for microLED
TDK Corporation announced that subsidiary TDK Ventures, has invested in microLED developer VueReal Inc. to accelerate and develop their microprinting manufacturing process.
Canadian tech startup Calico secures $2.1m to revolutionize modern supply chains
Calico, the developer of the first AI-powered smart supply chain management platform, announced it has raised $2 million in seed funding. The growth financing is led by Serena Ventures following 300% growth since January 2022.
Manufacturing technology startup OPT Industries raises $15m to address demand for novel materials design and production
OPT Industries, the manufacturing technology startup behind the InstaSwab high-efficacy medical applicator, announced it has raised $15 million in Series A financing.
London-based Bramble Energy closes £35m to fund its hydrogen fuel cell technology
London-based fuel cell company Bramble Energy has closed a £35 million investment round to help further expand its game changing capabilities in solving key challenges in the production and implementation of hydrogen fuel cell stacks.
Wellington-based metal casting startup Foundry Lab emerges from stealth, raises $8m Series A round
Digital metal casting startup Foundry Lab emerged from stealth, announcing a $8 million Series A raise led by Blackbird and showcasing its ability to create functional metal parts in less than a day.
P&G Ventures invites entries for its next Innovation Challenge
P&G Ventures, the early-stage startup studio within Procter & Gamble, announced the call for entries for its next Innovation Challenge.
JICA kicks off 2nd Cohort of its NINJA Accelerator in Kenya
The NINJA Accelerator in Kenya, powered by Japan International Cooperation Agency (JICA) in partnership with Double Feather Partners, Deloitte Tohmatsu and Kenyan implementation partner GrowthAfrica, is kicking off its 2nd cohort with five tech-enabled Kenyan startups.
Berlin-based startup Made of Air raises €5m seed round to make thermoplastics for Audi, H&M Group and other companies
Made of Air, the carbon negative materials startup that turns wood waste into thermoplastics, announced a €5 million in seed funding, led by Norwegian sustainability-focused family fund.
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.
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.
Ghanaian startup Plendify launches B2B e-Commerce marketplace
Ghanaian startup Plendify has launched a B2B e-Commerce marketplace to connect customers with small and large African wholesalers, manufacturers, exporters, and importers.
Tech executive Mark Bregman launches Quidnet Ventures, a venture capital fund based in New Zealand
Mark Bregman, a successful tech executive and entrepreneur, has launched Quidnet Ventures, a venture capital fund based in New Zealand and operated out of New Zealand, San Francisco and New York City.
Lithium-ion battery recycling and manufacturing startup Battery Resourcers appoints Kelly Kay to its Board of Directors
Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing startup announced the appointment of Kelly Kay to its Board of Directors.
TDK Ventures backs metal additive manufacturing startup, Fabric8Labs
TDK Corporation announced that subsidiary TDK Ventures Inc. will back Fabric8Labs, marking its second investment in the additive manufacturing space and first in metal printing.
Tech startup COSMO Technologies secures funding, announces new product launch
COSMO Technologies, a first-of-its-kind family technology design and manufacturing company, announced the closing of its Pre-Seed funding round.
Cirona Labs startup raises $1.5m in oversubscribed seed round for expansion
Cirona Labs, a premier innovator in cannabinoids and other functional botanical ingredient manufacturing, announced that it closed an oversubscribed $1.5 million seed round led by LiDestri Food & Drink, BevSource, and Sweetener Supply.
Manufacturing AI startup ExLattice joins NVIDIA Inception
ExLattice announced it has joined NVIDIA Inception, a program designed to nurture startups revolutionizing industries with advancements in AI and data sciences.
Chinese AI robotics startup Mech-Mind completes Series C funding
Chinese AI industrial robotics startup, Mech-Mind Robotics (Mech-Mind), completed Series C funding led by tech giant Meituan, bringing Mech-Mind's total funding to over $100 million, making Mech-Mind one of the world's most funded AI+ industrial robotics startups.
University of Michigan's Desai Accelerator invests in four startups to launch 2021 cohort
The Desai Accelerator, a University of Michigan accelerator open to early-stage alumni startups, announced the four companies accepted into its 2021 cohort.
Kenya paint manufacturer Crown Paints announces COVID-19 safety net initiative
A recent study on how Covid-19 had caused an economic toll in nine countries, including Kenya, shows that 45 percent of people were forced to miss or reduce meals.
Phantom Space Corporation startup raises $5m seed funding to revolutionize space transportation
Phantom Space Corporation, a space transportation technology development and manufacturing company, announced the raise of $5 million in seed investment funding to make space commerce commonplace and to lower the barriers to space access.
Lithium-ion battery recycling and manufacturing startup Battery Resourcers raises $20m Series B funding
Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing company, completed a $20 million Series B equity round.
Digital marketing startup Rollick secures $8.5m in funding
Rollick Inc., which operates the GoRollick Powersports, RV, and Boat Buying Program Marketplace, announced the closing of $8.5 million in funding.
Chevron invests in carbon capture and utilization startup Blue Planet
Chevron Corporation announced a Series C investment in San Jose-based Blue Planet Systems Corporation (Blue Planet), a startup that manufactures and develops carbonate aggregates and carbon capture technology.
New manufacturing startup JTEC Energy announces the close of its initial seed round
New manufacturing startup JTEC Energy announced it closed on an initial seed fundraising round, to hire additional scientists and engineers in order to accelerate the development of the the company.
Dutch tech startup Avy completes successful test flight with first solar fixed-wing drone
Dutch solar drone manufacturer Avy announced a successful test flight of its first solar fixed-wing drone, equipped with custom solar foil developed by Wattlab to reflect and absorb more sunlight.
IRI acquires supply chain analytics provider, RSi
IRI, a global company in innovative solutions and services for consumer, CPG, retail and media companies, has acquired Retail Solutions, Inc. (RSi), a provider of supply chain solutions for CPG manufacturers and retailers.
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.
Legendary Ventures invests in Elon Musk's SpaceX
Legendary Ventures announced an investment in Space Exploration Technologies Corp. (SpaceX) through its Series N funding round.
South Korean healthcare startup WellsCare signs in-store contract with b8ta for IASO
WellsCare, a member company of the Born2Global Centre, signed a store contract with b8ta, a famous American flagship store that is dedicated to innovative products.
IME Medical Electrospinning secures €3m financing from Dutch VCs to expand its Medispin XL production platform
IME Medical Electrospinning, a global leader in electrospun medical devices and regenerative medicine, announced it has successfully raised €3 million in equity financing and debt.
Smart consumer technology startup Dreame raises $14.6m in Series B+ funding
Dreame Technology (Dreame), a smart consumer technology company specializing in cordless vacuum cleaners, robot vacuum cleaners and mops, announced it raised $14.6 million in its Series B+ funding led by IDG Capital.
Tech startup MITO Material Solutions announces oversubscribed $1m Series Seed funding round
MITO Material Solutions, a cutting edge developer of additives that enable polymer manufacturers to enhance product performance, announced an oversubscribed $1 million Series Seed funding round.
[Startup Interview] Mangaldas Gupta, CEO, Magma Ash Tech, India
Magma Ash Tech is an Indian startup involved in the procurement, processing and export of Flyas, one of the residues produced during combustion of coal. Fly ash is used mainly as a bonding agent mainly in cement plants, ready mix concrete units, manufacture of blocks, bricks and boards.
[Startup Interview] Kaxton Kabogoza, Founder, Kenda Interlocking Bricks, Kenya
Kenda Interlocking Bricks is a Kenya start up in the manufacturing sector that is championing the use of eco-friendly and affordable construction materials as it seeks to bridge the housing deficit in Kenya and the East African region. Engineer Kaxton Kabogoza the founder explains.
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.
Luxembourg startup Wizata secures €2.7 million financing to digitize manufacturing with AI
Wizata, the Industry 4.0 Artificial Intelligence (AI) startup from Luxembourg, has raised €2.7 million from the original founders.
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