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.
- Aug- 2021 -31 August
Electric vehicle company Rivian filed for an IPO
The Electronic Vehicle startup, Rivian has filed for an IPO. Moreover, all the paperwork was done confidentially with the U.S. Securities and Exchange Commission. Furthermore, a host of institutional and strategic investors back the startup. These investors include Ford and…
- 31 August
PIS 2021, preparing for a hybrid exhibition
Korean Federation of Textile Industries is in preparation for the successful hosting of ‘Preview in Seoul 2021 (hereinafter referred to as PIS 2021)’ held at COEX (Halls A and E) in Seoul for three days from September 1 (Wed) to…
- 30 August
Seoul Try Everything festival fosters innovation for next startup unicorns
With the goal of making Seoul a global startup city, the Seoul Metropolitan Government has invested heavily in the creation of infrastructure for technology startups, investment in each growth stage such as nurturing talents, and establishment of a global network.…
- 30 August
Accounting platform Synder raises $2M
Co-founders of the accounting platform Synder, Michael Astreiko, and Ilya Kisel announced their seed round of $2 million from TMT Investments. This announcement came at a time when the co-founders are busy wrapping up their time at Y Combinator. The…
- 27 August
Revenue-based financing startup Jenfi raises $6.3M
Singapore-based financing startup Jenfi provides revenue-based financing of up to $500,000 with flexible repayment plans. Co-founder and chief executive officer Jeffrey Liu refers to this as the “growth capital as a product”.
- 26 August
Norway’s Gelato hits unicorn status and raises $240m
Gelato hits unicorn status after raising $240M and pushing its valuation up to $1.05bn. It is a Norway-based on-demand-print platform. The funding round was led by global private equity and VC firm Insight Partners. Along with SoftBank Vision Fund 2…
- 25 August
ConverseNow targets drive-thrus after $15M funding
Austin’s ConverseNow is a voice-based AI technology. Just after a year of raising a $3.3 million seed round, it has managed another funding. The startup got a cash infusion of $15M in a Series A funding round led by Craft…
- 24 August
Brex buys Weav, an API for commerce platforms
Weav is a startup developer of a universal API for commerce platforms. Brex has worked with Weav on multiple occasions before. Through all these times of working together, Brex buys Weav.
- 20 August
Don katsu without meat! SY Solution’s Meat Change showcases “Farmer Sowed Farm Katsu”
Farmer Sowed Farm Katsu released by Meat Change, an alternative meat brand of SY Solution (CEO Park Seo-young), was finally selected as the certified product in healing category in SEOUL FOOD AWARDS 2021 held in last July. Alternative food is…
- 19 August
POPCOZ releases Masclip that protects the inside of the mask
POPCOZ, the daily product manufacturing company, launched Masclip that protects the inside of the mask, and is applying for a patent. Masclip is a mask strap with clips. The strap can be freely adjusted using the aperture, so both children…
- 19 August
DynaMedic launch Large Bone Power Tool to lead the globalization of medical devices along with K-Bio wave
DynaMedic (CEO Choi Hyung-seop) specializes in electric handpieces for medical use. And will soon launch the Large Bone Power Tool, the flagship model of electric handpieces. Amid the rapid increase in medical demand for joint diseases due to the aging…
- 18 August
Rafa Rophe Revitalizing products made with natural ingredients and eco bio technology
This is the news that people who became tired of masks and scorching heat have been waiting for. Rafa Rophe (CEO Hwang Ki-cheol) has launched two types of essence, cream, and mist that help restore the skin’s ecology. Skin Ecology…
- 18 August
Craft Aerospace’s take on VTOL aircraft
We have been covering air taxis for a while now. Recently, Craft Aerospace’s take on VTOL aircraft made it a new contender. The company has recently made an impression in the air travel industry. With $3.5M in funding, Craft Aerospace…
- 17 August
Colombia’s La Haus secured Funding worth a $100M
La Haus has developed an online real estate marketplace operating in Mexico and Colombia. The Colombia-based proptech, La Haus secured funding of $100 million. The additional funding includes $50 million in equity and $50 million in debt financing. The new…
- 14 August
Student labor marketplace startup Pangea bags $2M
Student labor marketplace startup Pangea is a Providence, Rhode Island-based startup. It connects youthful talent and businesses in need of freelance labor. The startup announced this morning that it has closed an oversubscribed $2 million seed round. Pangea CEO and…
- 13 August
Summit invests in Odoo $215 million
Odoo is a Belgium-based open-source business management software developer. Recently the software company got a funding injection. The news came that Summit invests in Odoo $215 million. Since its inception in 2005, it has made a profitable operation by developing…
- 10 August
Colombia’s Merqueo gets funding of $50M
A full-stack, on-demand delivery service operator in Latin America, Merqueo gets funding of $50 million in a Series C round. IDC Ventures, Digital Bridge, and IDB Invest co-led the round. It also included participation from MGM Innova Group, Celtic House…
- 9 August
Zūm funded by SFUSD a sum of $150M
Zūm was funded by SFUSD (The San Francisco Unified School District) a sum of $150M to modernize its transport service throughout the district. It is a startup that wants to upgrade student transportation. The startup already operates its rideshare-meets-bus service…
- 6 August
Robinhood’s stock drops 8% in its first day’s trading
Robinhood's stock drops by 8% on its first day of trading. The company priced its public offering at $38 per share. This made it worth around $32 billion at that price.
