News
Stay up-to-date with the latest news and developments in the world of startups and technology. Our News category features daily updates, company highlights, and essential information you need to stay informed about global innovation of the startup world.
- Jul- 2021 -23 July
Didi Under Scrutiny of the Chinese Government
Didi is again under the scrutiny of the Chinese government in less than a week of Wall Street’s debut. Now it has become the biggest new target in Beijing’s fast-moving efforts to tame the country’s internet industry. Why is Didi…
- 22 July
Housekeeping service app Daojia files for US IPO
Daojia files for the US IPO in New York recently. It is a Chinese platform offering on-demand housekeeping services. In Chinese, Daojia means coming to homes. Alibaba is the backer of the company and the owner is 58.com. 58.com is China’s…
- 21 July
Outbrain raises funds of $200 million ahead of its IPO
Outbrain raises funds worth $200 million. It is an ad-tech company that provides clickbait ads below news articles. Outbrain didn’t disclose the valuation of the company for this deal. The Baupost Group, a Boston-based hedge fund, is investing in the…
- 20 July
Wecasa raises $17.7 million for its wellness startup
French wellness startup Wecasa has raised a $17.7 million funding round (€15 million). Blisce is leading the funding round with existing investors Serena, ISAI, and Frédéric Mazzella also participating. A little about the wellness startup Wicasa Wicasa has been building a marketplace…
- 19 July
Opaque raises $9.5M in seed round
Opaque is a new startup born out of Berkeley’s RISELab. It announced a $9.5 million seed round to secure sensitive data in the cloud. Opaque raise the money to be able to securely access and work with sensitive data. Intel Capital…
- 18 July
Blackstone to Back Carbon Health Technologies Inc.
Carbon Health Technologies Inc. is a startup that provides in-person and virtual healthcare services. It is in talks for new funding at a valuation of roughly $3 billion. This followed after shelving talks to go public through a blank-check company.…
- 17 July
Edge Delta raises $15M Series A
It was announced that Edge Delta raises a Series A round of $15 million. The Seattle-based company is a startup building a modern distributed monitoring stack. This is competing directly with industry heavyweights like Splunk, New Relic, and Datadog. The Series…
- 16 July
Mercuryo raises funds for crypto-focused, cross-border payments
Mercuryo raises funds worth $7.5M in a recent round of funding. It is a London-based startup that has built a cross-border payments network. Mercuryo began onboarding customers at the beginning of 2019 and has seen impressive growth since with annual…
- 15 July
Pleo becomes Denmark’s eighth unicorn
Fintech Pleo becomes the eighth unicorn after raising $150M at a $1.7bn valuation. Thus, giving Denmark its eighth unicorn. What it also means is that in just over six years, Pleo has reached the milestone valuation faster than any other…
- 14 July
Visa to buy Tink, a Swedish fintech for €1.8bn
Visa announced that it is going to buy the Swedish open banking platform Tink for €1.8bn. This will be a landmark acquisition for European tech and open banking. This could be the third-largest M&A of a European VC-backed fintech, according…
- 13 July
Planet Lab Enters Merger Agreement of $2.8bn
Planet Lab merger has garnered a lot of publicity recently. the company becomes public by recently entering a merger agreement. It is a provider of daily data and insights about Earth. The company has entered into an agreement with dMY…
- 12 July
Mmhmm – the startup, raises $100M
Mmhmm, the startup, has managed to raise funding worth $100M recently. It’s Phil Libin’s second act after Evernote. Mmhmm was born during the Covid-19 pandemic. Therefore, it provides improved video chat tools that include automatic background removal and advanced presentation…
- 9 July
Gyeonggi-do Online Meet-Up Ends Successfully – France x Pangyo
Gyeonggi-do online meet-up was held with France to promote the value of Pangyo Techno Valley and the current status of businesses too.
- 8 July
Volocopter Flies at Paris Air Forum
For the first time, Volocopter flies at Paris Air Forum. The pioneer of urban air mobility (UAM), Volocopter, flew their Volocopter 2X electric vertical take-off and landing (eVTOL) aircraft at Le Bourget Airfield during the Paris Air Forum. More about the…
- 7 July
China bans retired EV batteries usage
China’s top energy policymaker released new regulations that China bans retired EV batteries. It plans to ban large energy storage plants from using used automotive batteries. This rule came following several deadly safety incidents at battery and power plants. What…
- 6 July
SHORT SHOTS – Aihuishou in NYSE, Chinese brands sell big in 618 festival
Aihuishou debuts, Huitongda to come Auihuishou is a used electronic reseller store. it has debuted on the New York Stock Exchange on June 18. Aihuishou is backed by JD.com. It saw its shares jumping up to 23% on the first…
- 5 July
Orbion Space Technology raises $20M Series B
Orbion Space Technology is a Michigan-based manufacturer of in-space plasma propulsion systems. It has raised $20 million in a Series B funding round. The company says that it will use it to scale the production capacity of its Aurora propulsion…
- 2 July
Uberall acquired MomentFeed to scale up its services
Uberall acquired MomentFeed, a location marketing company based out of Los Angeles, to continue scaling its business. Uberall works with retailers and other operators to help them update and provide more accurate information about themselves across other location marketing platforms.…
- 1 July
FamPay, a fintech in India, raises $38 million
Fampay has raised $38 million in its Series A round led by Elevation Capital. General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway also participated in the new round,…
