LiveEO raises EUR 19 million in recent funding
Berlin, the Germany-based space tech startup LiveEO, raised EUR 19 million in recent funding. The round took place on August 5, 2022. MMC Ventures led the financing for the company. It infused EUR 17 million for the startup. The company received further funds from the European Commission and Investitionsbank Berlin. Existing shareholders such as Dieter von Holtzbrinck Ventures (DvH...
Agility acquires Menzies Aviation for GBP 763 million
Kuwait-based supply chain, infrastructure and innovation company Agility announced the acquisition of John Menzies PLC. The company reported the purchase on August 4, 2022. The transaction value for the U.K-based Menzies was GBP 763 million on an enterprise value basis. However, Menzies is valued at approximately GBP 571 million on a fully diluted basis. Purpose of Acquisition by Agility Agility intends...
QLM closes Series A round at GBP 12 million
Cardiff, The UK-based photonics technology company QLM Technology Ltd. closed its Series A round at GBP 12 million. The round took place on August 4, 2022. Schlumberger led the financing for the company. The company also signed a Collaboration Agreement with QLM. Existing investors such as Green Angel Syndicate, Enterprise100 Syndicate, Development Bank of Wales, and Newable Ventures joined...
Roofstock acquires Rentprep for an undisclosed amount
California, the U.S.-based digital marketplace platform for single-family rental (SFR) investments Roofstock announced the acquisition of Rentprep. The company finalized the purchase on August 4, 2022. However, the financial details pertaining to the transaction as of yet remain undisclosed. Rentprep is a New York, U.S-based tenant screening company. Purpose of the acquisition by Roofstock With the latest purchase, Roofstock intends to leverage...
Truck manufacturer Orange EV raises USD 35 million in funding
August 4, 2022, Missouri — To support and accelerate the company's growth, Orange EV, the heavy-duty zero-emission truck manufacturer with the largest market share in the EV sector, today announced that it has closed a USD 35 million institutional funding round led by S2G Ventures and CCI, a subsidiary of Henry Crown and Company. With the financing, Orange EV will...
Utah-based Solar Energy startup Project Solar raises USD 23 million in Series A funding
LEHI, Utah, August 5, 2022 — Project Solar, the top online retailer for solar installations, announced the completion of a USD 23 million Series A financing round led by Left Lane Capital and included additional backing from influential business people. The company's first institutional capital funding will enable it to expand its direct-to-consumer, digital-first offering in new markets. The business...
5 Common Financial Mistakes You Need to Avoid:
Do you often find yourself scraping your wallet for cash or cards that have a sufficient balance? Well, most of us have been there. Whether you’re a teenager trying to survive within your allowance or an adult figuring out how to manage your income, money matters can be a little tricky. However, it’s never too late to start saving up....
Illinois-based digital health startup Sibel raised USD 33 million in Series B funding
Sibel recently closed a USD 33 million Series B financing round, bringing its total funding to more than USD 50 million. The Querrey Simpson Institute for the Bioelectronics at Northwestern University and the world-famous John Rogers Research Group have formed the award-winning medical technology company Sibel Health. The Steele Charity for Hope, a private foundation looking to fund solutions for humanity's...
Missouri-based SaaS platform PayIt raises USD 90 million in funding
August 4, 2022, KANSAS CITY, Missouri- A USD 90 million investment from Macquarie Capital Principal Finance has been made in PayIt, a startup that digitizes relationships between residents and the government. The new funding will help PayIt continue to expand and develop new products. Along with international software investor Insight Partners and Weatherford Capital, Macquarie Senior Managing Directors Larry Handen...
XLerateHealth backs eight healthcare startups for the 2022 Louisville Accelerator Cohort
Louisville, The U.S-based renowned healthcare accelerator XLerateHealth chose eight healthcare startups for its flagship program. The company announced the names of selected startups on August 2, 2022. Under the 2022 Louisville Accelerator cohort, XLerateHealth will back the chosen startups. On August 3, 2022, the company began its program. It will wrap up with a virtual Demo Day pitch to investors,...
