Hub71 is helping startups succeed in Abu Dhabi
Hub71, Abu Dhabi’s global tech ecosystem is a community of founders, investors and business enablers. Named after the UAE’s formation in 1971, Hub71 is creating the optimal environment for transformative tech companies looking to maximize success, produce outstanding tech innovations and scale globally. On 2nd November 2020, Hub71 announced the latest cohort of startups selected to join its rapidly growing...
Chinese Biopharma firm CARsgen raises US$ 186M in Series C funding
CARsgen, a Chinese biopharmaceutical firm which develops clinical-stage immune-oncology therapy has announced today (02.11.2020) that it has raised US$ 186M in Series C funding. The investment was led by Loyal Valley Capital, with participation from existing investor South China Venture Capital and new investors Lilly Asia Ventures, Shiyu Capital, and Summer Capital. The investment will be used to accelerate the...
Malaysian Edtech AOne secures US$ 500K seed funding
AOne, a Malaysian edtech startup which integrates a B2C marketplace and B2B backend management software for local enrichment lessons announced today (02.11.2020) that it had secured MYR2 million (US$500,000) in a seed funding round, led by regional VC Wavemaker Partners. This round of funding comes seven months after the company received an investment of MYR300K (US$75K) from ScaleUp Ventures Malaysia...
Sugar acquires £1.5 million pre seed funding
UK based financing platform Sugar acquired £1.5 million pre seed funding on 2nd November 2020. The funding round was led by Passion Capital with participation from co-investor Velo Partners and few Angel investors. This pre-seed funding will help the enterprise in growing their team. They are also planning to use this for building the platform and scaling their business in the UK...
Marshmallow announces US$ 30 million fundraise
A London based Insurtech Company Marshmallow announced that they have secured US$ 30 million investment on 2nd November 2020. The enterprise hasn’t disclosed the names of investors of the latest funding round. They are planning to use this funding in continuation of scaling their business and launching it in other countries and including more types of insurance covers in the next 1.5 years....
Portuguese-based Digital Health Startup Nutrium raises US$ 5M
Nutrium, the digital health startup set out to re-write the future of clinical nutrition by facilitating professional nutritional monitoring, raised US$ 5M (€4.25M) in its seed funding round. The funding round was led by Indico Capital Partners. Nutrium also welcomed the Social Innovation Fund (SIF) as a new investor, in addition to further participation from all existing investors. Its existing...
Top Innovative Vegan Startups You Need to Know About
With new innovative food solutions, in order to bring about a more sustainable, crisis-resilient and healthier food system, a vegan or vegetarian lifestyle has become a trend. Vegan people choose not to consume dairy products including eggs and other products of animal origin, with an aim to bring a difference in their health, animal welfare and the environment. But...
Teampay gains US$ 5 million Series A investment
Teampay, a New York based platform for distributed spend management has raised US$ 5 million in Series A funding on 30th October 2020. The round was led by Fin Venture Capital and participation from its existing investors’ Precursor, Crosscut and Tribe. They are planning to use this funding for accelerating their market reach and customer acquisition. Spending management system The startup focuses on...
Cybersecurity startup Stairwell secures US$ 4.5 million seed funding
San Francisco based cybersecurity company Stairwell has secured US$ 4.5 million seed funding on 28th October 2020. The seed funding round was led by venture capital Accel with participation from Gradient Ventures, Sequoia Capital, Allen & Company LLC and a few other Angel investors. Staircase is a cyber security company set on a mission to empower organizations to defeat cyber security threats. It provides...
TWG closes US$ 14.2M in Series B funding
The Wanderlust Group, a Rhode Island-based startup that makes software for the boating sector, announced that it has closed a $14.2 million Series B round, held in October 2020. The investment was made by Allen & Company and the Alaris family office. The startup has expansion plans. It noticed that some of its customers were practically hacking the boating software...
