Vietnam based startup Nano Technologies raises USD 3 million in seed funding
The Vietnam-based startup, Nano Technologies has raised USD 3 million in a seed funding round, as announced on May 13, 2021. The round was led by returning investors Golden Gate Ventures and Venturra Discovery and even FEBE Ventures, Openspace Ventures, and Goodwater Capital participated in the round. The startup plans to keep focusing on Vietnam and develop new products for employees...
Vacation rental startup Holidu raised USD 45 million in Series D funding
Vacation rental startup Holidu has raised USD 45 million in Series D funding, thus raising the total funding to more than USD 120 million, as announced on May 12, 2021. The investors present in the round which were led by 83North were Prime Ventures, EQT Ventures, Coparion, Senovo, Kees Koolen, Lis Ventures, and Chris Hitchen. Claret Capital, which was previously...
Trends: Furniture Distribution by Indian Startups
If the distribution is still dominated by brick and mortar retail channels, big box retail chains, and unorganised players, why haven't we seen large scale disruption the way we have seen in categories like books and grocery. Has innovation been stymied because of the value chain structure or inherent challenges in the product category itself? Is this category less...
US-based student recruiting platform Handshake raises US$ 80M
US-based Handshake, a career network helping millions of students from all backgrounds get hired and launch their careers, raised US$ 80 million in a venture financing round on 12 May 2021. The total investment in the company is now US$ 235.5 million and its valuation has risen to US$ 1.5 billion. Investors: The Series E round was led by Lightspeed...
US President Joe Biden reopens doors to foreign entrepreneurs via ‘Startup Visa’
Under the President of the United States - Joe Biden’s administration, the US is reopening its doors to foreign entrepreneurs by withdrawing a ‘proposed’ rule introduced by the Trump administration that would have rescinded the International Entrepreneur Rule (IER), known as the startup visa program. The US Department of Homeland Security (DHS) announced on 11 May 2021. What is the...
Impress raises USD 50 million in series A
On 12th May 2021, Southern-Europe based a direct-to-consumer orthodontics platform, Impress, raised USD 50 Million in Series A funding round. This funding was led by CareCapital (a dental division of Hillhouse Capital in Asia), with the participation of TA Ventures, Bynd VC, UNIQA Ventures and investors like Valentin Pitarque, Peter Schiff, Michael Linse, Elliot Dornbusch and others. Impress’s business model...
Insurance data analytics platform Planck raises USD 20 million in a growth round
Planck, an AI-based data platform for commercial insurance based in New York, announced that it raised USD 20 Million in a growth funding round. The round was led by 3L Capital and Greenfield Partners, with the participation of returning investors Team8, Arbor Ventures, Viola Fintech, and Eight Roads. The company is currently working with many insurance companies in the US,...
Everything you need to know about Zomato’s IPO
The Indian food delivery giant- Zomato recently filed its draft red herring prospectus (DRHP) with the Indian securities market regulator-SEBI, seeking to raise Rs 8250 crore (~USD 1.1 billion) through its IPO. Of the total issue size, Rs 7,500 crore (~USD 1 billion) will be through a fresh issue of equity shares and the rest will be through an offer for sale by Info Edge, the startup’s earliest backer.
US-based startup Apptopia raises US$ 20M in Series C round
Boston-based Apptopia, a startup providing competitive intelligence in the mobile app industry, raised US$ 20 million in Series C funding on 11 May 2021. Investors: The funding round was led by ABS Capital Partners, with participation from existing investors, Blossom Street Ventures, ABS Capital's Mike Avon, a co-founder of Millennial Media, and Paul Mariani, will join Apptopia's board with this...
Micromobility startup Bird plans to go public via SPAC
US-based electric scooter and Moped startup Bird is reported going public via SPAC. Many micromobility startups are following the lead of EV companies by going public via mergers with SPACs (special purpose acquisition companies). Bird Rides is planning to merge with Dallas-based blank-check company Switchback II Corporation. Switchback was founded in 2019 and led by former executives at oil and...
