Lockwood Publishing secures US$ 25 million Series A investment from Tencent
Lockwood Publishing, UK-based enterprise which has created a 3D social platform, Avakin has raised US$ 25 million funding on 4th November 2020. The Series A round was led by Chinese technological giant Tencent. Existing investors of Lockwood Publishing Hilmar Veigar Pétursson (the CEO of CCP games), David Helgason (co-founder of Unity) and Novator Partners also joined this investment round. The Nottingham based...
Foodtech startup InnovoPro bags another $3M in Series B round
InnovoPro, an Israeli food tech company has raised an additional US$ 3 million for its Series B funding round with Dutch multinational Rabobank. This brings the total fund raised to US$18 million. The Series B round was first announced by InnovoPro in April 2020, which was led by Jerusalem Venture Partners (JVP). Other participating investors were Custos Privatstiftung, CPT...
Startup Failure Case Study Series: Part 2
Most startups fail, ideas turn out to be flawed, and some decisions backfire, really bad! But it doesn’t mean people shouldn’t dream or run after their passion. In this series, we give you case studies that focus on startups that nearly succeeded and gradually failed where they went wrong and provide insights into how you can avoid making those same...
TripAdmit secures €500,000 funding for international expansion
TripAdmit, a Dublin-based travel tech start-up that provides sales and distribution solutions for tours and activities, has secured €500,000 in seed funding today (05.11.2020) with capital from both international and Irish investors, which includes the backing of Enterprise Ireland’s High Potential Start-Up Unit (HPSU). The funding will be used for product enhancement, marketing, help tour and activity businesses look appealing...
TOP 10 CleanTech Startups in Europe
CleanTech has emerged as a trending sector in Europe where companies are developing cost-efficient renewable energy solutions, introducing environment-friendly mobility solutions and reducing energy usage in order to bring about sustainability. In this article, we highlight the Top 10 CleanTech startups in Europe that are working vigorously to save our climate and the planet Earth: 1. VOI Technology Founders: Adam Jafer, Douglas...
Enterprise 5G company Celona closes Series B round
California-based Celona, the first enterprise networking company to bridge the gap between LTE/5G cellular wireless and enterprise IT infrastructure, closed a US$ 30 million Series B round of funding. The funding round was led by NTTVC and Qualcomm Ventures LLC. Other participants include Celona’s initial investors: Lightspeed Venture Partners, Norwest Venture Partners and Cervin Ventures. After the new round of...
Stensul Inc. bags US$ 16 million Series B funding
Stensul Inc., a New York city based platform that makes email creation simple has raised US$ 16 million in a series B funding round on 2nd November 2020. The round came after the company made significant growth in their product, customers, team and revenue. The series B round was led by USVP with participation from new investors Estate Ventures and Capital...
Fintech startup Automata secures €2 million investment
A UK and France based Fintech startup Automata, has added €2 million investment for creating a digital banking, retail payments and alternative system for investing on 2nd November 2020. This investment is a part of the company’s ongoing Series A round which has a target of raising €7 million. The funding details The funding was raised by making an equity token offer for...
Deep-tech startup Steradian Semiconductors secures investments from Inflexor Ventures
Steradian Semiconductors, a Bangalore-based startup which develops 4D imaging radar solutions for autonomous vehicles, has raised an undisclosed sum of funding from early-stage, technology-focused, SEBI registered VC fund Inflexor Ventures on Wednesday (04.11.2020). This is the investor’s maiden investment round. This funding will be used by the company to accelerate product development and scale-up functioning in global markets. The sensors produced...
LetsTransport raises $7.5M in extended Series B funding
LetsTransport, a Bengaluru-based last-mile intra-city logistics marketplace operated by Diptab Ventures Pvt. Ltd has raised ₹ 560 million (US$ 7.5 million) in what appears to be an extension of its Series B funding round held in November 2020. The investment came from DS Group, Bertelsmann, Japan’s Mitsui Sumitomo, Rebright Partners and Altes Global. The tranche was led by DS Group...
