Tereform, a Denver, CO-based textile recycling startup specializing in circularity for hard-to-recycle materials, raised $1.25M in funding. The round was led by AccelR8 with participation from Toyota Ventures. The company intends to use the funds to accelerate the scaleup of its chemical process for recycling synthetic material in the automotive apparel, and home-goods industries. With… Continue reading Tereform Raises $1.25M in Funding
Author: FINSMES Online News
NinjaOne Secures $500M Funding At $5 Billion Valuation
NinjaOne, an Austin, TX-based provider of an automated endpoint management platform, raised $500M in Series C funding, at $5 Billion valuation. The round was led by ICONIQ Growth and CapitalG, Alphabet’s independent investment fund, with participation from other prominent private investors. The company intends to use the funds to drive research and development focused on… Continue reading NinjaOne Secures $500M Funding At $5 Billion Valuation
Fello Raises $10.4M in Funding
Fello, a Chicago, IL-based provider of a peer support platform for loneliness, raised $10.4M in funding. Backers included Glen Tullman’s 62Ventures, The Capital Factory Fellowship Fund, Katalyst Capital and Offline Ventures, amongst others. The company intends to use the funds to expand operations and its business reach. Co-founded by Jeff Werring and Pete Kadens and… Continue reading Fello Raises $10.4M in Funding
Eleven Dynamics Raises CHF 3.5M in Seed+ Funding
Eleven Dynamics AG, a Solothurn, Switzerland-based software developer and full-breed integrator of automated and open production solutions, raised CHF 3.5M in Seed+ funding. The round was led by EquityPitcher Ventures and seed + speed Ventures with participation from Zürcher Kantonalbank and angel investor Bertrand Gili, as well as existing investors Bloomhaus Ventures and Schauenburg Ventures.… Continue reading Eleven Dynamics Raises CHF 3.5M in Seed+ Funding
CryptoAutos Acquires $20M Rental Fleet in Dubai, Advancing Real-World Asset (RWA) Adoption
CryptoAutos, a pioneer in the Real-World Asset (RWA) space, has acquired a fleet of vehicles worth $20 million in Dubai, marking a significant step forward in bridging digital assets with physical assets. This acquisition underscores CryptoAutos’ commitment to redefining vehicle ownership and investment through blockchain technology. Bringing RWAs to the Forefront Real-World Assets (RWAs) have… Continue reading CryptoAutos Acquires $20M Rental Fleet in Dubai, Advancing Real-World Asset (RWA) Adoption
Infomedia To Buy 50% of Intellegam
Infomedia (ASX: IFM), Sydney, Australia-based, DaaS and SaaS solutions company, announced that it has entered into a binding agreement to acquire 50% of European AI startup, Intellegam, a Munich, Germany-based early-stage AI startup, primarily servicing the retail automotive sector. The purchase price of ~A$10M is split between cash and Infomedia shares and will be paid over two… Continue reading Infomedia To Buy 50% of Intellegam
What Happened to Cazoo After 2021 £6bn Valuation?
Three years after Cazoo’s public listing on the New York Stock Exchange, which saw the online used car seller valued at £6.3 billion, the operator entered administration last summer. Within a matter of weeks, the Cazoo brand and its marketplace technology was sold to Motors.co.uk in a cut-price deal worth just £5 million. Cazoo’s administrators,… Continue reading What Happened to Cazoo After 2021 £6bn Valuation?
Motif Raises $46M in Seed and Series A Funding
Motif Systems, a San Francisco, CA-based provider of a building design platform, raised $46M in Seed and Series A Funding. The round was led by CapitalG, and the previously undisclosed Seed round was led by Redpoint Ventures. Pre-seed venture firm Baukunst also participated in both rounds. The company intends to us etch funds to expand operations and its… Continue reading Motif Raises $46M in Seed and Series A Funding
Athenic AI Raises $4.3M in Funding
The Athenic AI team (from left to right): Jonah Park, Ricky Ho, CEO Jared Zhao, Evan Grobar, and Peiyao Wang. Athenic AI, a San Francisco, CA-based company which specializes in the data analysis and business intelligence (BI) space, raised $4.3M in funding. The round was led by BMW i Ventures and joined by TenVC, Scrum Ventures,… Continue reading Athenic AI Raises $4.3M in Funding
Finout Raises $40M in Series C Funding
Finout, a Tel Aviv, Israel-based FinOps-for-enterprise platform, raised $40M in Series C funding. The round was led by Insight Partners, with participation from Pitango, Team8, Red Dot Capital, and Maor Investments. The company intends to use the funds to expand operations and its development efforts. Led by CEO Roi Ravhon, Finout develops a cloud cost… Continue reading Finout Raises $40M in Series C Funding