ELEC, the Romanian electric ridesharing platform, has attracted over €1 million in investment funds ELEC, to become an electromobility system. With these resources, ELEC will develop its own software and integrate ridesharing, rent-a-car, and electric charging services into the same platform. Last year, the company conducted a fundraising campaign on the crowdfunding platform Ronin, raising […]
Startup funding in the second week of April 2024 declined by about 67% from the same period a year ago, totalling $73 million across 12 deals.Deal density in the latest week went down to about $6 million per deal, as per Tracxn data. During April 6 to April 12, 2023, startups had raised about $7.4 million per deal.Funding was down sequentially as well, from $58.8 million across 20 funding rounds in the previous week.Of the total corpus raised this week, artificial intelligence (AI) cloud and...
Funding for space startups more than doubled in the first quarter as government spending remained robust setting the stage for the space economy to grow stronger, venture capital firm Space Capital said on Thursday. Geopolitical uncertainties have largely driven the surge in funding, as geospatial data and images collected by satellites are used by government agencies for everything from analyzing weather patterns and agriculture to changes and movements along international borders. While we...
ClickPost, a logistics intelligence platform for online retailers, has raised $6 million in a funding round led by early-stage venture capital firms Inflexor Ventures partners and Athera Venture Partners. The round also saw participation from Riverwalk Holdings and its existing investor Rebright Partners.ClickPost said the funds will be used for introducing enhanced products and to extend its presence into new geographical areas, as well as further within its existing regions. We've seen some of...
Startup funding in the first week of April 2024 declined by 41% from the same period a year ago, totalling $52.8 million across 17 deals, even as the total number of deals stagnated at 17.Accordingly, deal density in the latest week went down to about $3 million per deal. During March 30 to April 5, 2023, startups had raised about $5 million per deal.109070029Funding was down sequentially as well, from $215 million across 33 funding rounds in the previous week.109070043Of the total corpus raised...
Zypp Electric, a startup that manages electric vehicle fleets for delivery firms and bike taxi operators, is in talks to raise a fresh round of funding of $40 million led by Silicon Valley-based fund Tribe Capital, two people in the know said.The Gurugram-based startup is likely to be valued at $300-350 million, these people said. This is almost double from its last valuation of around $165-170 million, ascribed after its February 2023 fundraise of $25 million in a mix of debt and equity led by...
Today on Equity we dig into Multiverse's acquisition of Searchlight, Guesty's massive Series F, Monad Labs and Cyera's mega-round. © 2024 TechCrunch. All rights reserved. For personal use only.
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Flippa used data from Y Combinator to see what kinds of startups are getting funding.
Medulance, an emergency healthcare services startup, has raised $3 million in Series A funding, led by Alkemi Growth Capital.The funding round also saw participation from investors such as Dexter Capital, Boat founder Aman Gupta, and Emcure Pharmaceuticals’ executive director Namita Thapar. The New Delhi-based startup has raised fresh capital after running as a profitable bootstrapped company for six years, it said in the statement.The funds will be used to increase its presence across the...
ProcMart, an online business-to-business (B2B) marketplace specialising in supply chain solutions, has raised $30 million (about Rs 250 crore) in an equity funding round led by Infosys cofounder Nandan Nilekani’s venture fund Fundamentum Partnership and Edelweiss Discovery Fund. The round also saw participation from South Korea’s Paramark Ventures.The funds will be used for exploring strategic acquisitions for backward integration, enhancing client offerings, investing in talent acquisition and...
In a series of shocking posts the night of Tuesday, Apr. 9, founder of the Dream Center and Senior Pastor of Angeles Temple Matthew Barnett revealed that the large-scale ministry which helped see the city of Los Angeles through the lockdowns of 2020 and into 2021 was denied funds by the Federal Emergency Management Agency. "We [were] just turned down funds from FEMA for [the] millions we spent during Covid feeding 5 million people for 380 days in a row because they said we didn't partner with...