Indian SpaceTech startup Skyroot Aerospace raises US$ 11M
SpaceTech startup Skyroot Aerospace, India's first space launch vehicle startup developing launch vehicles for cost-effective access to space, raised US$ 11 million in its series A round of funding on 19 May 2021. Investors: The Series A funding round was led by Greenko Group founders Anil Kumar Chalamalasetty and Mahesh Kolli. They will join the startup’s board of directors along...
Dongnae raises USD 4.1Million in seed round
Dongnae, an online real estate platform based in South Korea, announced on 20/05/2021 that it raised USD 4.1 Million in the seed funding round. The funding round was led by NFX with the participation of MetaProp and Flybridge. MetaProp and Flybridge backed the company in its first seed round too. The other investors of this startup are MapleVC and Goodwater...
European startup StudentFinance raises USD 5.3 million
European-based startup StudentFinance has raised a USD 5.3 million seed round as announced on May 19, 2021. The total funds raised to date have been USD 6.6 million. The round was led by Giant Ventures and Armilar Venture Partners. Existing ventures Mustard Seed Maze, Seedcamp, and Sabadell Venture Capital also participated in the round. Many notable angel investors like Victoria...
Fabheads raises USD 1.1 million in pre-series A round
Fabheads, a Chennai-based startup, manufactures carbon fibre parts, announced on Wednesday (19.05.21) that it raised USD 1.1 Million in a pre-Series A round. The seed funding round was led by Inflection Point Ventures with the participation of existing investors Keiretsu, Kedia Securities, MD, Vijay Kedia. The company stated in a press release that the fund raised would be used in...
Sequoia Capital’s investment in Digital Banking Startup Telda marks its first investment in Egypt
Egyptian digital banking startup, Telda raised US$ 5 million in the region’s largest pre-seed funding on 17 May 2021. What makes this investment special for Egypt is that it is the first investment by Sequoia Capital in the Middle East & North Africa. Investors: The funding round was led by Sequoia Capital, with participation from Global Founders Capital and Class...
Upswing Cognitive Hospitality Solutions raises USD 150K in seed round
On 19 May 2021, Upswing Cognitive Hospitality Solutions, a Pune based modern data solution startup for predicting the hospitality and travel industry announced that it raised USD 15K in a seed funding round. This round was led by Framed Venture Capital, a private investment company from Australia, via Foreign Direct Investment (FDI). Through this partnership, both Upswing Cognitive and Framed...
Danish startup Pento raises USD 15.6 million in a Series A funding
Danish startup Pento has raised USD 15.6 million in Series A funding as announced on May 19, 2021. The total funds raised by the company to date are USD 18.4 million. The round was led by General Catalyst. Other investors participating in the round were Avid Ventures and LocalGlobe from the UK. Existing investors like Point Nine Capital, Moonfire Ventures,...
Startup Giants: Unacademy vs Byju’s
Indian edtech startups have attracted investments worth $2.22 billion (USD) in 2020, a fourfold jump from their level in 2019. Edtech giants Byju’s and Unacademy are the largest players in this segment, having raised $2.3 billion (USD) and $398.5 million (USD), respectively. Can the edtech unicorn- Unacademy dethrone the decacorn- Byju’s? What opportunities lie ahead, and what challenges do they face? Will online learning fade away once the pandemic ends?
NY-based collectible assets platform Rally raises US$ 30M
NY-based Rally, a startup that allows retail investors to invest in collectible assets, raised US$ 30M in Series B funding on 17 May 2021. Investors: The funding round was led by Accel, with participation from existing investors Upfront Ventures, Social Leverage and others. Rally also secured a US$ 50M debt facility from Upper90 Capital. Purpose of the funding: The funds will...
Affable.ai raises $2 million in a seed funding round
On May 18th 2021, a Singapore-based marketing tech startup, Affable.ai raised USD 2 Million in a seed funding round. Prime Venture Partners, SGInnovate and Decacorn Capital were the investors of this round. It claims to bring transparency and leverages machine learning and big analytics for influencer marketing. It helps a brand to find, manage influencers and campaign performance measurement. The...
