USA-based Valmont to acquire HR Products
Nebraska, USA-based global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, Valmont acquired Australia-based leading wholesale supplier of irrigation parts, HR Products. The company announced the acquisition on July 7, 2023. However, it did not disclose the amount of the acquisition. The transaction is expected to be an all-cash deal on hand. The companies...
Netherlands-based Sendcloud acquires Tracey
Eindhoven, Netherlands-based shipping platform, Sendcloud acquired Netherlands-based Dutch shipping intelligence company Tracey. The company announced the acquisition on July 7, 2023. However, it did not disclose the amount of the deal. Purpose of acquisition by Sendcloud With the latest acquisition, Sendcloud seeks to improve and further enhance its end-to-end shipping, enabling smarter shipping choices and proactive customer experience management. Meanwhile, Sendcloud gets...
South Korea-based semiconductor startup AiM Future closes Series A funding
California's SAN JOSE, AiM Future, reported that a Series A funding round had been successfully closed. L&S Venture Capital, Hi Financing Partners, Daedeok Venture Partners, and previous investors KB Investments and We Ventures lead the multimillion-dollar financing round. The Advanced Research Lab of LG Electronics, USA, was the source of the company until it was spun off in October...
United Kingdom-based Distil.ai raises GBP 1.1 million in recent funding
Exeter, United Kingdom-based provider of a customer data platform Distil.ai raised GBP 1.1 million (EUR 1.3 million) in recent funding. The round took place on July 6, 2023. Mercia Ventures led the financing for the company. Meanwhile, angel investors also supported the investment. Purpose of financing for Distil.ai With the latest financing, Distil.ai seeks to enable the company to further enhance...
USA-based WasteFuel raises USD 10 million in Series B
Los Angeles, USA-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as bio-methanol, WasteFuel raised USD 10 million in Series B funding. The round took place on July 6, 2023. bp ventures led the financing for the company. Meanwhile, existing investors such as Maersk, NetJets, Prime Infra,...
Saint Petersburg-based AI startup Optiversal raises USD 4.2 million in seed funding
With participation from Alpaca Ventures and Red Sea Ventures, Optiversal, a generative AI content provider accelerating content development for large retail organizations, announced that it has raised USD 4.2M in seed funding, led by Bling Capital. Bling Capital is pleased to assist Optiversal in its goal to transform the retail sector through cutting-edge generative artificial intelligence (AI) technology, making it...
New York-based financial services company Clair raises USD 175 million in funding
NEW YORK -As part of a consumer financing program supported by an FDIC-insured bank, Clair, a mission-driven fintech startup, announced it had raised USD 175 million in funding. Clair will use the money to develop the first free, user-friendly on-demand pay solution. The new program permits front-line employees to get wage advances from Pathward with a participation value of...
USA-based La La Land Kind Cafe raises USD 20 million in funding
Dallas, USA-based chain of coffee shops with the purpose of normalizing Kindness and hiring and mentoring foster youth, La La Land Kind Cafe raised USD 20 million in funding. The round took place on July 5, 2023. John Phelan, former Co-Founder and Chairman Emeritus of MSD Capital, L.P. and Founder of Rugger Management LLC, and Andy Teller, a private...
USA-based Urban SDK receives undisclosed funding in the seed round
Florida, USA-based cloud-based traffic management system of record for state and local governments Urban SDK received funding in the seed round. The round took place on July 6, 2023. However, it did not disclose the amount of the funding. GOVO Venture Partners led the financing for the company. DeepWork Capital, Florida Opportunity Fund, Techstars, and venVelo also provided the investment. Purpose...
Japan-based laser company Ex-Fusion raises 1.8 billion yen in an oversubscribed seed funding round
OSAKA, Japan, July 5, 2023 -- EX-Fusion announced the closing of a seed-round investment of 1.8 billion yen that had been oversubscribed and aimed to hasten the commercialization of laser fusion technology. The new financing would boost the total amount raised by EX-Fusion, which has already raised 130 million yen, to 1.93 billion yen. Background The promise of laser fusion to...
