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...
Pomelo, a startup that combines international money transfer with credit, has raised $35 million in a Series A round led by Dubai venture firm Vy Capital, TechCrunch has exclusively learned. Additionally, the company is announcing a $75 million expansion of its warehouse facility. Founders Fund and A Capital also participated in the financing, along with […] © 2024 TechCrunch. All rights reserved. For personal use only.
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.
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 […]
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...
Dominant in nearly every facet of hockey, the New York Rangers outmatched the Washington Capitals to move on to the second round of the NHL playoffs in sweeping fashion.
Nine players have already scored for the New York Rangers and Edmonton Oilers, 10 for the Colorado Avalanche.
Two Chautauqua County art organizations are receiving capital projects funding through the New York State Council on the Arts. Infinity Visual and Performing Arts will receive $50,000 for entrance and reception safety renovations. 1891 Fredonia Opera House will receive $93,000 for opera house seat replacement. Governor Kathy Hochul said, “From historic sites to new multi-use […]
British Patient Capital, a venture capital investment subsidiary of the UK government-owned British Business Bank, has committed £40.6m to a new cybersecurity fund. The Sheffield-based investor will supply the funds to the Evolution Technology Fund III, the third iteration of Evolution Equity Partner’s enterprise software and cybersecurity fund. Previous investments from Evolution funds included Quantexa, […]
Investment group Seraphim Space has announced the first close of its second early-stage space tech venture fund. The Seraphim Space Venture Fund II (SSV II) will back early-stage space tech startups from seed to Series A round. A Seraphim spokesperson declined to comment on the target size of the fund, but said it would be […]