Germany-based Azowo raises EUR 10 million in Series A
Stuttgart, Germany-based enterprise cloud provider for connected mobility, Azowo, raised EUR 10 million in recent funding. The company closed the Series A round on November 2, 2022. AEW Energie AG led the financing for the firm. Start-up BW Innovation Fonds, MBG Baden Württemberg and Project A Ventures also joined in the funding. Purpose of financing for Azowo With the latest proceeds...
New York-based AI platform startup TOPLINE PRO raises USD 5 million in seed funding
TOPLINE PRO (formerly ProPhone), a new Generative AI platform that enables home services professionals to scale their businesses online announced USD 5M in seed funding led by Bonfire Ventures (Jim Andelman), TMV (Soraya Darabi), BBG Ventures (Susan Lyne), and notable angel investors including Squire Co-Founder Songe LaRon, following participation in the Y Combinator Winter 2021 batch. Topline Pro is designed...
Cambridge-based TechBio platform Eagle Genomics raises USD 20 million in funding
CAMBRIDGE, England, October 31, 2022 — Eagle Genomics, a pioneering TechBio platform firm that applies network science1 to biology, today announced the first closing of its scale-up investment round of USD 20 million. The funding will support the continued development of the TM 2 platform and additional growth into global markets and client impact. The financing is being led by...
E-commerce company eBay acquires TCGplayer
San Francisco, the U.S.A-based global commerce leader that connects millions of buyers and sellers worldwide, eBay acquires TCGplayer. The company announced the acquisition on October 31, 2022. The deal cost around USD 295 million. Purpose of acquisition by eBay With the latest acquisition of TCGplayer, eBay can focus on category strategy and further build on its offerings to bring even more...
Germany-based Volocopter raises an additional USD 182 million in Series E
Bruchsal, Germany-based urban air mobility (UAM) company, Volocopter, raised an additional USD 182 million in recent financing. The second signing of the Series E round took place on November 1, 2022. NEOM – the Red Sea's smart, cognitive region project – and GLy Capital Management of Hong Kong participated in the funding. Purpose of financing for Volocopter The recent financing from...
Egypt-based fintech startup Money Fellows raises USD 31 million in Series B funding
Money Fellows, an Egyptian FinTech firm, said on Sunday that it has secured USD 31 million to extend its service range and grow throughout Africa and Asia. The series B financing, the company's fourth since 2018, was led by CommerzVentures, Middle East Venture Partners, and Arzan Venture Capital of Kuwait. The round was also attended by South Africa's Invenfin and Kuwait's...
India-based data analytics startup LUMIQ raises USD 5.5 million in funding
LUMIQ's Series A round was headed by previous investor Info Edge Ventures and collected Rs 44.1 crore (USD 5.5 million). This is the first round of funding for the Data and Analytics startup, which develops datastack products and solutions with a sole emphasis on Financial Services and Insurance (FSI). Info Edge Ventures led the investment with Rs 23.41 crore, while Season...
Santa-Cruz based startup Cruz Foam raises USD 18 million in Series A funding
SANTA CRUZ, Oct. 28, 2022 — Cruz Foam, a circular materials firm that provides bio-based, regenerative substitutes for single-use plastic in the multibillion-dollar packaging market, announced a USD 18 million Series A financing round headed by the problem-solving organization Helena. One Small Planet, Regeneration.VC, At One Ventures, and SoundWaves also participated in the round. Cruz Foam is collaborating with established...
Zurich-based AI platform LatticeFlow raises USD 12 million in Series A funding
ZURICH— LatticeFlow, the first AI platform to automatically detect and correct AI data and model flaws, has announced a USD 12 million Series A fundraising round. The investment will allow LatticeFlow to extend its platform's capabilities and respond to rising customer demand as more organizations, including several Fortune 500 clients such as Siemens Mobility and AI scaleups such as...
Tea Brand Brewed Leaf partners with Village Food Courts
Siliguri, West Bengal, India-based homegrown tea startups Brewed Leaf entered into a partnership with Village Food Courts. The company announced the collaboration on October 31, 2022. Village Food Courts are New Delhi, India-based company. Purpose of the partnership between Brewed Leaf and Village Food Courts The primary purpose of the partnership between Brewed Leaf and Village Food Courts is to open...
