Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal. Funding was down sequentially as well, from $103 million across 15 funding rounds in the previous week. Of the total corpus raised this week, fundraises of...
AI computing firm Blaize said on Monday it has raised $106 million in funding, including from existing investors such as Mercedes-Benz and Temasek. Other existing investors such as Bess Ventures, Franklin Templeton and Denso, besides new investors such as Rizvi Traverse, Ava Investors and BurTech LP also participated in the fundraising, the company said in a statement, without disclosing the details on its valuation. The fundraise reflects the frenzy that had helped the AI sector attract a major...
Pune-based agritech firm Ecozen on Friday said it has raised $30 million (about Rs 250 crore) in a mix of equity and debt from existing investors including US-based global investment manager Nuveen.The debt support in the deal was fulfilled by InCred Credit Fund and U.S. International Development Finance Corporation through Ecozen’s exclusive advisor Setuka Partners, said a company statement.Ecozen said it has grown fivefold over the past two years, with a threefold increase in profit. The maker...
This week’s UK tech funding deals include flying taxi company Skyports, Scottish rocket manufacturer Orbex, generative AI legal assistant Lawhive and more. UKTN tracked £176.6m worth of tech funding deals this week (15 April to 19 April), a whopping 316.5% week-on-week increase. Here’s your weekly roundup of UK tech startup funding. Skyports – £88m Sector: Mobility […]
Former Zomato senior executive Mohit Gupta and Myntra founder Mukesh Bansal have raised $26 million in seed money for their omnichannel fashion startup Lyskraft, making it one of the largest early-stage rounds for an Indian startup amid the ongoing funding crunch.The round was led by Peak XV Partners, formerly Sequoia Capital India, Gupta told ET, adding that the seed money will help the partnership take forward the plan of building an omnichannel play as a marketplace for premium brands,...
Food and grocery delivery company Swiggy on Friday confidentially filed its draft documents for an initial public offering (IPO) with stock market regulator Securities and Exchange Board of India (Sebi), sources told us.109639958The Bengaluru-based company has filed for a $1.25-billion public issue through the confidential route, whereby draft red herring prospectuses (DRHPs) are not released to the public. This came a day after Swiggy’s shareholders approved its IPO plan, which includes a fresh...
WASHINGTON (KTVZ) -- Senators Ron Wyden and Jeff Merkley announced this week that 30 Oregon counties will receive more than $47.7 million in federal payments under the Secure Rural Schools and Community Self-Determination Act for schools and road maintenance, youth job training, wildfire prevention, watershed restoration and habitat conservation. These funds, more than $2.56 million of
Navigating startup financing is complex. Entrepreneurs find themselves at the crossroads of innovation and survival, where a single decision can either fuel their dreams or extinguish their aspirations. Here we look at six ways you can finance your startup to support your business for long-term success.
Some forest fire activity in northwestern Ontario this week. Crews with the
The OpenAI Startup Fund, a venture fund related to — but technically separate from — OpenAI that invests in early-stage, typically AI-related companies across education, law and the sciences, has quietly closed a $15 million tranche. According to a filing with the U.S. Securities and Exchange Commission, two unnamed investors contributed the $15 million in […] © 2024 TechCrunch. All rights reserved. For personal use only.
The tech minister is urging semiconductor leaders to apply for funding through the soon-to-expire Chips Joint Undertaking. UK semiconductor companies and researchers are currently eligible to apply for access to a £5m funding pot for research. British firms gained access to the funding in March when the Department for Science, Innovation and Technology (DSIT) announced […]
The Rugby Football Union, RFU, and Premiership Rugby have finally agreed a new Premiership Game Partnership, worth £264m, which will shape the English game for the next eight years. It is understood that legal details are all that remain between now and the new deal being signed, with the Telegraph suggesting the central policy will []