Agri-tech startup Aqgromalin raises US$ 272K in seed funding round

Agri-tech startup Aqgromalin raises US$ 272K in seed funding round

Tamil Nadu-based Aqgromalin, an agri-tech startup, has secured US$ 272,000 in funding from angel investors. The funding was conducted in the Middle-East and held in December 2020. The company said it would use the fund in establishing 500 micro-farms in the states of Tamil Nadu, Telangana, and Andhra Pradesh.  Today, it has become difficult for farmers to utilise entrepreneurial strategies...

Horizon Robotics seeks to raise over $700M Series C, secures $150M

Horizon Robotics seeks to raise over $700M Series C, secures $150M

Horizon Robotics, a Beijing-based startup which designs artificial intelligence (AI) chips announced on Tuesday, 23rd December 2020, its intention to raise more than US$ 700 million in a Series C round. This decision was made to tap investors despite the Trump administration’s heightened clampdown on tech from China.  The company, which was valued at US$ 3 billion in its former...

UK’s Graphcore secures US$ 222M in Series E Funding Round

UK'sGraphcore secures US$ 222M in Series E Funding Round

Graphcore, a Bristol, England based AI chipmaker has secured $222 million in Series E funding round held in December 2020. The new venture will be used to promote the company's global expansion and to moreover stimulate future IPU silicon, systems and software development. The round was led by Ontario Teachers' Pension Plan Board (Ontario Teachers') with support from Fidelity International...

EdTech startup Zuoyebang secures US$1.6 billion in Series E+ funding

EdTech startup Zuoyebang secures US$1.6 billion in Series E+ funding

Chinese e-learning app Zuoyebang has secured US$1.6 billion in a Series E+ funding round held in December 2020, from Alibaba Group, Tiger Global Management, SoftBank Vision Fund, Sequoia Capital China and FountainVest Partners. The latest funding brings Zuoyebang’s total raised so far to US$2.93 billion. Proceeds from the funding round will help the startup to focus on its students from...

Chinese unicorn Yuanfudao bags US$ 300M in funding

Chinese unicorn Yuanfudao bags US$ 300M in funding

Beijing-based edtech company Yuanfudao has bagged US$ 300M in a funding round held in December 2020, from Yunfeng Capital. The latest round brings the company’s total funding to US$4.1 billion. Yuanfudao, founded in 2012 by Shuai Ke, Xin Li and Yong Li, is an online education company that caters to primary and secondary school students in China. It offers a variety...

Ziegler bank raises US$ 136,770,000 Funding For Royal Oaks Life Care Community

Ziegler bank raises US$ 136,770,000 Funding For Royal Oaks Life Care Community

Ziegler, a speciality investment bank in Chicago, USA,  has announced on 28th December 2020 the successful completion of US$ 136,770,000 of public bonds and bank capital for People of Faith, Inc. d/b/a Royal Oaks Life Care Community (Royal Oaks). The transaction is composed of: US$ 90,770,000 Series 2020A Senior Living Revenue Bonds (the “Series 2020A Bonds”), tax-exempt funding for the Inspirata...

Botanical Solution secures US$ 3.3 million seed fund

Botanical Solution secures US$ 3.3 million seed fund

Botanical Solution Inc., a California based innovator of highly consistent cost-effective and sustainable Advanced Botanical Materials, announced securing US$ 3.3 million seed funding on 23rd December 2020. They are also planning to close another funding round for the coming spring 2021. The seed funding round of Botanical solutions was joined by multiple organizations like the International Development Bank. The other...

European Union awards funding for four future clean energy projects

European Union awards funding for four future clean energy projects

The European Innovation Council of the European Commission announced granting investment for researching four future clean energy projects on 24th December 2020.  The funding is awarded under the Pathfinder Scheme which is for deep technology research and innovation and is aimed at supporting visionary ideas that may or may not transform into reality.  The four projects which are awarded funding are,...

Fintech startup Nebeus bags €995K through crowdfunding platform Seedrs

Fintech startup Nebeus bags €995K through crowdfunding platform Seedrs

London-based fintech startup Nebeus has raised €955K through crowdfunding platform Seedrs and with support from the “Future Fund” of the British government in December 2020. The latest funding is the first step towards Nebeus’s Series-A funding round, which it hopes to end in 2021. Proceeds from the funding round will help the startup in accomplishing its mission to bridge the...

Chinese Biotherapeutics firm Transcenta secures $105M Crossover Financing

Chinese Biotherapeutics firm Transcenta secures $105M Crossover Financing

Transcenta Holding Limited, a Shanghai-based global biotherapeutics firm with integrated capacities in discovery, development and also manufacturing of antibody-based therapeutics has announced on 23rd December 2020, a US$ 105 million crossover financing. The latest round brought in a group of new investors like Qatar Investment Authority, and Chinese property developer Country Garden Venture Capital. Existing investors include Sequoia Capital China,...