VCBay Weekly News Roundup – Clubhouse launches on Play Store, Bird plans to go public
Welcome to VCBay Weekly News Roundup. Here are some important developments in the startup space and major funding rounds this week – 1. Clubhouse finally launches in the US Play Store The buzz-worthy app Clubhouse finally has an Android app that can be downloaded from the Play Store in the U.S. The voice-based social network platform launched its beta Android app...
NY-based supply chain company Waybridge raises US$ 30M in Series B
New York-based Waybridge, a startup that aims to reduce supply chain inefficiencies, raised US$ 30 million in a Series B funding round on 14 May 2021. Investors: The new funding round was co-led by Rucker Park Capital and Craft Ventures, with participation from Venrock. Waybridge has raised a total of US$ 40 million to date. About Waybridge Founded in 2019 by Andrea...
Bengaluru based Myelin Foundry raises USD 1 Million in pre-series A
Myelin Foundry, a Bengaluru-based tech artificial startup, announced on Friday that it had raised USD 1 Million in pre-series A. This round was led by Beyond Next Venture, a Japanese venture capital firm. The existing investor Endiya Partners also participated in this funding round. The company will utilise the amount raised to expand its steps in the Indian Market and further...
Cue Health raises USD 235 in a private funding round
San Diego based Rapid Diagnostic startup Cue Health announced that it raised a considerable amount of USD 235 million in a private funding round which was led by MSD Capital, Perceptive Advisors and Koch Strategic Platforms. The existing investors were also part of this round, like Johnson & Johnson Innovation, CAVU Ventures, ACME Capital and Dechang Capital and others. Last...
China’s startup WeRide’s value increases to USD 3.3 billion post Series C funding
The China-based startup, WeRide, after 4 months of securing funding of USD 310 million, has raised more funds in its Series C round, thus making the valuation of the company USD 3.3 billion, as announced on May 13, 2021. This is the first time the company has disclosed its value. The amount raised in this round is not disclosed by...
Alba orbital raises USD 3.4 million in seed round
UK-based commercial satellite firm Alba Orbital raised USD 3.4 Million in a seed round on 14th May 2021. The funding round was led by Metaplanet Holdings with the participation of Liquid 2 Ventures, Y Combinator, Uncommon Denominator, Soma Capital, James Park and Zillionize Angel. The company intends to break out the period of hours and days to get an image...
Top 10 Healthtech Startups in Singapore
Singapore is famous for its world-class health and medical services. The country’s healthcare has been set as an example for other countries to follow. The healthcare sector is growing at an impressive rate in the country, the growth of Healthtech startups has been increasing, and new products in this sector have been developing for the public to access them. The...
Chef robotics raises USD 7.7 million in a combined pre-seed and seed round
San-Fransisco based Chef Robotics announced today, May (14 May 2021), that it raised USD 7.7 million in a combined Pre-seed and seed funding round. There were a lot of investors that took part in this round because the seed and pre-seed were rolled up. The name of the leading investors are Promus Ventures, Construct, Bloomberg Beta, BOLD Capital Partners,...
Educational streaming platform MasterClass raises US$ 225M
MasterClass, a provider of an online education platform designed to offer video-based vocational courses based in San Francisco, raised US$ 225M in Series F funding round on 13 May 2021. Investors: The funding round was led by Fidelity Management and Research Company with participation from new investors including Baillie Gifford, Balyasny Asset Management and Eldridge together with existing investors IVP,...
NFT platform for entertainment industry Curio raises US$ 7M
US-based Curio, an NFT platform for the entertainment industry, raised US$ 7M in an oversubscribed seed round on 13 May 2021. Curio has successfully launched multiple licensed auctions, drops, products, and new partnerships. Investors: Fenbushi Capital, Kenetic Capital, Protocol Labs, LongHash Ventures, Picus Capital, entertainment industry veterans including Marc Geiger, CEO of SaveLive and former head of global music at...
