Ukraine-based AI platform Folderly receives funding from Google
KYIV, Ukraine, January 3, 2023 – Google has officially revealed the 25 latest Google for Startups Fund recipients. Folderly, an intelligent email performance solution to supercharge email marketing, is one of the selected startups. Google's investment in top-tier Ukrainian startups seeks to strengthen sustainable enterprises and lay the groundwork for post-war economic recovery. Reason For success: Folderly was founded in 2019...
Dallas-based private equity firm Gardner Capital secures funding commitment from GCRE Upward Mobility Fund
Gardner Capital, a Dallas-based private equity firm and alternative investment platform focused on multifamily housing and renewable energy development and investment announced that the Provision at West Belfort, a new multifamily housing complex in Sugar Land, Texas, has secured a funding commitment from the GCRE Upward Mobility Fund to install an on-site solar energy system as well as EV...
India-based InCred Capital acquires Orowealth
Mumbai, India-based InCred Capital, the wealth and asset management arm of InCred Financial Services Ltd (IFSL), acquired Orowealth. The company announced the acquisition on January 2, 2023. The purchase of Orowealth is an all-cash deal. However, it did not disclose the amount of the transaction. Purpose of Acquisition by InCred Capital With the latest purchase of Orowealth, InCred Capital forayed into...
New Jersey blood purification startup CytoSorbents Corporation startup raises USD 5 million in Debt Financing
CytoSorbents Corporation, a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery through blood purification using its proprietary polymer adsorption technology, announced that it had received USD 5 million in non-dilutive debt financing within the terms of the Fourth Amendment to its Amended and Restated Loan and Security Agreement with Bridge Bank, which...
Hyderabad-based e-bike startup GearHead Motors raises 6 crore in seed funding
GearHead Motors, a D2C e-bike business, stated on December 30 that it had secured Rs 6 crores in a seed fundraising round headed by Hemin Shah, Director of Collabera U.S.A., and Sudhakar Moparthy, Director of Skillbanc U.S.A. The new cash will be utilized to extend the startup's operations of high-quality electric motorcycles across India to accelerate electric car growth. The money...
Germany-based Ethris to receive EUR 15 million investment from Cipla EU
Bayern, Germany-based technical innovator in the emerging field of mRNA therapeutics and LNP delivery, Ethris, entered into a definitive agreement with Cipla EU for an equity investment of EUR 15 million. The company announced the funding on December 29, 2022. Cipla EU is the wholly-owned subsidiary of the global pharmaceutical company Cipla. Meanwhile, the companies also signed a collaboration agreement...
USA-based Bluestem Equity acquires United Vision Logistics
Texas, USA-based investment management group Bluestem Equity announced the acquisition of United Vision Logistics. The company announced the acquisition on December 28, 2022. However, the company did not disclose the financial details pertaining to the transaction. Purpose of purchase by Bluestem Equity With the recent purchase of United Vision Logistics (UVL) by Bluestem Equity, both companies can further consolidate their positioning...
USA-based 360traning acquires AdvanceOnline
Austin, USA-based leading Environmental, Health, and Safety online regulated training provider 360training announced the acquisition of AdvanceOnline. The company announced the acquisition on December 28, 2022. However, it did not unveil the financing details pertaining to the transaction. AdvanceOnline Solutions offers professional and educational environmental health and safety services to corporations, associations, and government agencies involved in the construction, transportation,...
San Jose-based data science and AI firm Tredence raises USD 175 million in Series B funding
Tredence, a data science and artificial intelligence (AI) service provider, has raised USD 175 million in a Series B funding round led by Advent International, with participation from existing investor Chicago Pacific Founders. The San Jose-based company plans to use the funding to build on its growth momentum, strengthen vertical capabilities, and expand its customer base, it said in a...
USA-based HID acquires Janam Technologies
The USA-based worldwide leader in trusted identity solutions, HID Global, acquired Janam Technologies. The company announced the acquisition on December 27, 2022. However, it did not disclose the financial details pertaining to the transaction. Purpose of acquisition by HID Global With the latest acquisition of Janam Technologies, HID further consolidates its presence and relevance as a provider of smart credential issuance...
