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London regtech GSS raises $47M to help banks screen for global sanctions

Global Screening Services (GSS), a London-based regulatory compliance platform that helps financial institutions meet their global sanctions obligations, has raised $47 million in a round of funding.

Startup Story
4 min read
Mar 26, 2024

Startup Funding Is Slowing Down: Adapting To This New Frontier

The past year has been a rollercoaster for the economy, significantly impacting new tech startups.

Business
5 min read
Mar 26, 2024

Restaurant Robotics Revs Up Amid Labor Shortages

Americans love eating out. This year, we’re forecast to spend more than $1.1 trillion doing so — the highest total ever, per the National Restaurant Association.

News
5 min read
Mar 25, 2024

Foundry Emerges From Stealth With $80M For Purpose-Built AI Cloud

Email Facebook Twitter LinkedIn Foundry came out of stealth with a fresh $80 million to help companies harness the power of AI.

Business
3 min read
Mar 25, 2024

Nsave gets $4M to enable people from unstable economies open offshore accounts

Nsave, a fintech based in Geneva making banking in Switzerland accessible to people in countries with unstable banking sectors or facing high inflation, has raised $4 million seed funding.

Startup Story
4 min read
Mar 22, 2024

Eye On AI: Startups Should Heed ‘AI-Washing’ Warnings

It’s become difficult to hear a CEO talk about their company or read a description of a business in a press release that doesn’t mention how it’s “AI-infused,” “AI-enhanced” or some other AI descriptor.

Startups
4 min read
Mar 22, 2024

Greenly lands $52M to help smaller companies track CO2 emissions

Plenty of major corporations have announced net-zero emissions targets. And while that alone won’t be enough to move the needle on climate change, these targets have gotten the ball rolling.

Startup Story
4 min read
Mar 21, 2024

Firms are ready to scrap for private credit talent

With demand for private credit investing talent on the rise, competition is getting ugly.

Business
4 min read
Mar 21, 2024

Meta offers lower cost for EU ad-free subscription under privacy review

Meta has proposed to drop the price of an ad-free subscription in the European Union — currently the only way regional users of its social networks, Facebook and Instagram, can avoid its tracking and profiling.

News
5 min read
Mar 20, 2024

Cure51 raises a €15M Seed round aiming to crack the code on cancer survival

Rather than grimly assembling data about cancer deaths to predict outcomes in treatment, the founders of Cure51 had another idea.

Startup Story
3 min read
Mar 20, 2024

AI Venture Funding May Be Hot, But M&A Remains Slow

To say investors seem bullish on AI may be the understatement of the decade, as venture funding in the space topped $50 billion last year and is again going full bore with huge rounds for the likes of Figure and Lambda.

Business
5 min read
Mar 19, 2024

Nigerian fintech Zone raises $8.5M seed to scale its decentralized payment infrastructure

African financial institutions typically scale their solutions using a mix of local and foreign tech.

Startups
5 min read
Mar 18, 2024

More Funding Goes To Startups Fighting Disinformation

Going online to find accurate information these days can seem like a futile effort.

News
4 min read
Mar 18, 2024

Cybersecurity Dealmaking Shows Signs Of Life

For the second day in row, a cybersecurity startup with Israeli roots has been bought by a big fish in the security pond.

Business
3 min read
Mar 15, 2024

Lago, a Paris-based open source billing platform, banks $22M

A startup out of Paris that began life building marketing tools has raised $22 million after making a successful pivot into billing — a space it discovered was even more broken among potential customers.

Startup Story
4 min read
Mar 15, 2024

ShopMy lands $18.5M to help influencers earn more money from promoting products

ShopMy, a marketing platform for content creators to connect with brands and monetize their content, announced today that it raised $18.5 million.

Startups
4 min read
Mar 14, 2024

Tierra Biosciences nabs $11M to create new AI-guided proteins

Scientific breakthroughs have accelerated the pace at which new pharmaceuticals are being developed. Tierra Biosciences thinks that pace can go faster.

Startups
4 min read
Mar 13, 2024

New AI, Robotics, Spacetech And Fintech Unicorns Trot Onto Leaderboard In February

Ten new unicorns globally added more than $18 billion in value to The Crunchbase Unicorn Board in February, but in a sign that the long-term status of many companies on the board are in flux.

Startup Story
4 min read
Mar 13, 2024

Empathy closes $47M for AI to help with the practical and emotional bereavement process

A startup called Empathy has built a platform to help navigate this tricky space, and now with some 40 million people using the platform it’s raised $47 million more in funding to grow.

Startup Story
4 min read
Mar 12, 2024

Startups Are Still Buying Fewer Startups

For venture-backed startups, it’s historically rather common to wind up selling to another startup. Lately, however, the pace of these deals has been slowing down.

Startups
4 min read
Mar 11, 2024

Early-stage SaaS boasts best expected exit success rate for VCs

SaaS is the bread and butter of venture, offering capital-lite business models with high profit margins.

Business
4 min read
Mar 8, 2024

Zama’s homomorphic encryption tech lands it $73M on a valuation of nearly $400M

Homomorphic encryption, a complex technique that uses cryptographic algorithms to keep data secure as it travels around networks and to third parties, continues to elude mass-market scalability and thus adoption.

Business
5 min read
Mar 8, 2024

Ema, a ‘Universal AI employee,’ emerges from stealth with $25M

Generative AI well and truly has a grip on public technology discourse these days. A new startup called Ema out of San Francisco thinks it’s a lot more than just a passing fancy.

Startups
3 min read
Mar 7, 2024

As mega-rounds become rarer, energy startups are powering up

The largest funding rounds raised by startups are becoming rarer and rarer. For upstart companies working on the future of energy, however, the market is surprisingly strong.

Startups
4 min read
Mar 7, 2024

Remofirst raises $25M to take on Deel and Rippling in the global HR tech space

In the world of HR tech startups, there are the Davids and the Goliaths. Deel and Rippling are the Goliaths, both having raised millions of dollars in venture capital.

Startups
5 min read
Mar 6, 2024

Modern Drones and robots pull VCs back to agtech

Growth-stage agtech companies undoubtedly had a challenging 2023.

Venture Capital
6 min read
Mar 5, 2024

Climate tech’s strong performance will be tough act to repeat

Climate-tech startups have quickly gained ground on the broader startup market. But what do they do for an encore?

News
5 min read
Mar 4, 2024

OpenCTI maker Filigran raises $16 million for its cybersecurity threat management suite

Paris-based cybersecurity startup Filigran is capitalizing on the success of OpenCTI to build a suite of open-source threat management products.

Startup Story
4 min read
Feb 29, 2024

Launching a Fintech Startup Has Become Increasingly Challenging in 2024

Fintech startups have needed to adapt to this new reality, where explosive growth is no longer the priority, and companies that cannot demonstrate a clear path to profitability are struggling to raise follow-up funding.

Business
4 min read
Feb 29, 2024

Vertical farming startup cinches $134M for designer fruit, defying agtech winter

Oishii, an indoor vertical grower of organic strawberries and tomatoes using Japanese-rooted farming methods, has closed a $134 million equity up round led by Japanese telecommunications company NTT.

Startup Story
3 min read
Feb 28, 2024

The business of winding down startups is booming

That reality has never been more apparent for many founders. The startup dealmaking spree ended more than two years ago. Many companies’ runways are nearly depleted and they still haven’t been able to grow into their lofty valuations.

Startups
5 min read
Feb 27, 2024

Hohm Energy to scale adoption of rooftop solar across South Africa, backed by $8M seed

In the face of South Africa’s worsening energy crisis, marked by increasingly severe power shortages, implementing daily electricity rationing has become imperative to avert the risk of a nationwide grid collapse.

Startup Story
4 min read
Feb 26, 2024

With liquidity rare, VCs may get creative to return investor cash

While The Exchange is shuttering, we still have big plans for coverage this year.

Venture Capital
7 min read
Feb 26, 2024

Empowerly secures $15M for its college counseling services

Empowerly, an edtech startup that specializes in college counseling and career guidance services, raised $15 million in a recent funding round led by Conductive Ventures, the company announced today.

Startup Story
4 min read
Feb 23, 2024

Early-Stage Unicorn Growth Slows Down in 2023

It’s getting harder and harder to be a young unicorn in the slowing venture market.

Business
3 min read
Feb 23, 2024

US health tech giant Change Healthcare hit by cyberattack

U.S. healthcare technology giant Change Healthcare has confirmed a cyberattack on its systems. In a brief statement, the company said it was “experiencing a network interruption related to a cyber security issue.”

News
3 min read
Feb 22, 2024

Faddom raises $12M to help companies map IT infrastructure wherever it lives

Faddom, an early-stage Israeli startup, helps companies map their infrastructure wherever it lives, and helps them visualize the connections and dependencies, taking aim at medium-sized enterprises.

Startup Story
3 min read
Feb 22, 2024

Building a startup is like building a house

Imagine, if you will, a contractor who approaches you with a gleam in their eye and a plan so vague it might as well be written in invisible ink.

Startup Story
4 min read
Feb 20, 2024

Planity raises $48 million because even hair salons need their own SaaS product

If you’ve ever traveled in rural areas in France, you may have realized a French peculiarity. Even in the seemingly less populated towns, there’s a hair salon.

Startup Story
3 min read
Feb 20, 2024

Scribe raises $25M Series B to automate internal knowledge capture

Scribe, a San Francisco-based startup, has figured out a way to easily capture and document internal processes in an automated way.

Startup Story
4 min read
Feb 19, 2024

AI, cybersecurity topped unicorn leaderboards in 2023

Cybersecurity and AI were the top-performing industries for unicorn companies in 2023, defying a difficult fundraising year that saw many startups slash their valuations.

News
4 min read
Feb 19, 2024

SocialCrowd raises $1.6M pre-seed as venture interest in work software remains high

Performance management startup SocialCrowd has raised a $1.6 million pre-seed round led by Bread and Butter Ventures, TechCrunch has exclusively learned.

Startup Story
4 min read
Feb 16, 2024

Y Combinator puts out a new call for startups in areas like AI, spatial computing, climate tech and more

Spatial computing, climate tech and applications of AI technology join the newly announced list of startup incubator Y Combinator’s newest request for startups.

News
3 min read
Feb 15, 2024

Early-Stage VCs Embrace Secondary Stakes in Today's Market Climate

The lowest venture capital fund distribution environment since the global financial crisis is driving some investors to knowingly leave money on the table.

Venture Capital
4 min read
Feb 15, 2024

Roam raises $24M to scale electric vehicle production in Kenya

Roam, an EV startup based in Kenya, has raised $24 million in a Series A round, including up to $10 million debt commitment from the U.S International Development Finance Corporation (DFC), to scale the production of electric motorcycles.

Startup Story
4 min read
Feb 14, 2024

European short-stay apartment rental marketplace, Bob W, secures $43M in funding

Bob W, a marketplace for premium short-term apartment rentals, has raised €40 million ($43 million) in a Series B round of funding.

Startup Story
5 min read
Feb 13, 2024

Funding Is Still Flowing Strong To Water-Focused Startups

Funding to startups working on water purification- and conservation-related technologies has not dried up in recent quarters, even amid a broad global contraction in venture investment.

Startups
4 min read
Feb 13, 2024

Grammarly lays off 230 employees as part of a ‘business restructuring’

Grammarly is laying off 230 employees worldwide as part of a “business restructuring,” the company announced this week.

News
4 min read
Feb 12, 2024

Venture capital distributions sink to 14-year low

Of all the problems that have besieged venture capital in recent years, arguably none is more acute than investors’ difficulties converting their paper returns into cash.

Venture Capital
4 min read
Feb 12, 2024

What revamped long-term fund rules mean for private markets

This week, an often-overlooked form of private markets investment vehicle has been hitting the news: the European long-term investment fund.

Business
3 min read
Feb 9, 2024

Thea Energy raises $20M Series A for pixel-inspired fusion power plants

The startup is betting that software can supplant manufacturing precision in its quest to deliver reliable, inexpensive fusion power.

Startup Story
6 min read
Feb 9, 2024

Private equity funds see short-lived revival

Private equity fund performance bounced back in early 2023, after negative returns at the end of 2022. But the recovery may have been short-lived.

News
4 min read
Feb 8, 2024

Daedalus, which is building precision-manufacturing factories powered by AI, raises $21M

A fledgling startup founded by one of OpenAI’s first engineering hires is looking to “redefine manufacturing,” with AI-powered factories for creating bespoke precision parts.

Startup Story
6 min read
Feb 8, 2024

SUMA Wealth grabs $2.2M as its financial platforms reach 1M users

SUMA Wealth now has $2.2 million in new capital to continue developing financial tools, content and live and digital activations for young U.S. Latinos to build wealth

Startup Story
4 min read
Feb 7, 2024

Despite global frenzy, investor enthusiasm in China’s AI startups wanes

Despite the hype, venture capitalists haven’t been as enthusiastic about the nascent technology as one might assume.

Venture Capital
4 min read
Feb 6, 2024

Jua raises $16M to build a foundational AI model for the natural world, starting with the weather

Jua is using that paradigm with ambitions to build out a new frontier for how AI might be used in the physical world. It’s picked up $16 million to build what it is essentially a large “physics” model for the natural world.

Startup Story
5 min read
Feb 6, 2024

Cloud infrastructure saw its biggest revenue growth ever in Q4

For the last several quarters we’ve seen a lull in the expansion of the cloud infrastructure market, with lower growth numbers than we’ve been accustomed to seeing in the past.

News
7 min read
Feb 5, 2024

Europe welcomes 2024’s first $1B startup with DataSnipper Series B

DataSnipper, an automation platform for audit and finance professionals, has reached a $1 billion valuation following a $100 million Series B.

News
4 min read
Feb 5, 2024

Aim Security raises $10M for its GenAI security platform

Securing generative AI-based applications from prompting attacks, ensuring that they don’t leak sensitive data or create malicious output or results that may violate privacy regulations is becoming a real business.

Startup Story
4 min read
Feb 2, 2024

Meta spent billions to close offices and lay people off. Now we know why!

Mark Zuckerberg is smiling: Meta's profit margins are much improved — and that's partly because of a shrinking head count.

News
5 min read
Feb 2, 2024

Nile raises $11.6M in seed funding to build a Postgres-powered data layer for SaaS applications

SaaS needs a new data system. That’s the driving idea behind Nile, a startup that aims to create this data system with serverless Postgres at its core.

Startup Story
5 min read
Feb 1, 2024

VCs go vertical in backing specialized AI

VCs are turning more attention to vertical AI startups in a bid to capitalize on the AI boom.

Venture Capital
5 min read
Feb 1, 2024

Mergers and acquisitions mark the second-worst year in a decade

M&A just logged its second-worst year in a decade.

Business
4 min read
Jan 31, 2024

Observability platform Better Stack secures $10M cash infusion

Monitoring software and infrastructure in production, the practice known as observability is becoming increasingly harder — not easier.

Startup Story
4 min read
Jan 30, 2024

China outpaces US in backing chip startups

China has taken the lead in investing in semiconductor startups, surpassing the US by a wide margin.

Venture Capital
4 min read
Jan 30, 2024

US investors pare back exposure to European VC deals

US investors have significantly reduced their involvement in European venture capital deals as they refocus on core markets.

Venture Capital
4 min read
Jan 29, 2024

Forta raises $55M to help parents look after their autistic kids

In a world where healthcare access is disproportionately skewed by geography and income, Forta Health raised a substantial round of funding to level the playing field a bit.

News
4 min read
Jan 26, 2024

Kittl raises another $36M for its browser-based design tool

Just a year after raising $11.6 million, Kittl raised another $36 million in a Series B round led by IVP with some existing investors participating once again.

Startup Story
4 min read
Jan 25, 2024

An increasing consumer appetite for sustainable packaging is powering a new wave of startups

With the packaging market being valued at as much as €1 trillion globally it’s become a ripe field for startups to engage this market with digital products that can bring efficiency to a highly traditional industry.

Startups
4 min read
Jan 26, 2024

EU wants to upgrade its supercomputers to support generative AI startups

European Union lawmakers scrambling for the bloc to be a contender in the generative AI race are presenting a package of support measures aimed at charging up homegrown AI startups and scale ups.

Startups
10 min read
Jan 25, 2024

Germany’s Instagrid, which uses software to supercharge portable batteries, raises $95M

Energy supply is one of the bigger issues impacting how technology will evolve over time.

News
7 min read
Jan 24, 2024

Many Boom Time Startup Acquisitions Have Worked Out Badly

Exploring the potential challenges faced by acquirers, including concerns of overpayment, regulatory repercussions, scalability issues, and the realization that the acquired entity may not align strategically.

Startups
6 min read
Jan 24, 2024

Nontraditional investors shy away from European VC

For the first time in a decade, the proportion of European venture capital rounds with nontraditional investor participation fell in 2023 amid a broader correction in deal activity.

Venture Capital
4 min read
Jan 23, 2024

Business travel management platform TravelPerk raises $104M

TravelPerk, a business travel management platform targeted at SMEs, has raised $104 million in a fresh equity-based round of financing led by SoftBank’s Vision Fund 2.

Startup Story
5 min read
Jan 23, 2024

Voice cloning startup ElevenLabs lands $80M, achieves unicorn status

There’s a lot of money in voice cloning.

Startup Story
8 min read
Jan 22, 2024

From Batteries To Building Materials, Green Manufacturing Startups Are Raising Billions

If we can find a way to sustain production without unnecessary harm to our planet, the benefits will far exceed the previous risks.

Startups
7 min read
Jan 22, 2024

Korea’s Myrealtrip cashes in on travel rebound with $56M in new funding

Myrealtrip is the latest travel tech company to ride a growing post-pandemic tourism industry.

Venture Capital
8 min read
Jan 19, 2024

Despite AI boost, unicorn creation hits 6-year low

Share: Fewer unicorns were minted in 2023 than any year since 2017 as valuations toppled and VCs took longer to pull the trigger on new startups.

News
4 min read
Jan 19, 2024

Vicarius lands $30M for its AI-powered vulnerability detection tools

Vicarius analyzes apps for vulnerabilities and alerts customers to these vulnerabilities.

Startup Story
5 min read
Jan 18, 2024

Cybersecurity Startup Funding Hits 5-Year Low, Drops 50% From 2022

Just two years ago venture funding to cybersecurity was on fire, with more than $23 billion flooding the sector.

Startup Story
6 min read
Jan 18, 2024

Vertice raises $25M for AI-based tools to help companies tackle software spend

“It’s all about trying to help companies track and optimise their spend,” said Tuvey

Startups
8 min read
Jan 17, 2024

Quantinuum Raises $300M At $5B Valuation

Quantinuum locked up a fresh $300 million equity fundraise at a pre-money valuation of $5 billion.

Venture Capital
3 min read
Jan 17, 2024

Startup Investors Have Fled The Metaverse

Almost nobody these days is spending much leisure time in the metaverse. Additionally, almost no investors are backing fresh rounds for startups creating the next generation of virtual worlds.

Startup Story
8 min read
Jan 16, 2024

Midsized private companies post highest earnings growth since Covid — Golub

Earnings for middle market private companies tracked in the Golub Capital Altman Index grew 16% during the first two months of Q4 2023, marking the highest year-over-year increase since the second quarter of 2021.

News
2 min read
Jan 15, 2024

Finn raises $109M on a $658M valuation, taking its car subscription platform up another gear

Finn, a startup based out of Munich that operates a platform for new car subscriptions — an alternative to buying or leasing for those who want to drive new vehicles

Startups
5 min read
Jan 15, 2024

Heat is on for PE exits to rebound in 2024

Advisers to private equity firms are optimistic about a rebound in exit activity this year.

Business
5 min read
Jan 14, 2024

UK insurtech Hyperexponential raises $73M and eyes US expansion

US VC bigwigs a16z and Battery Ventures join the UK insurtech party

Startups
4 min read
Jan 14, 2024

OpenAI-backed 1X raises another $100M for the race to humanoid robots

The race to perfect the humanoid form factor will be one of 2024’s defining tech stories

Venture Capital
4 min read
Jan 14, 2024

Healthcare PE investors proceed with caution in 2024

Healthcare-focused private equity managers were less active in 2023 than years prior, and they're likely to maintain caution in 2024.

Business
4 min read
Jan 14, 2024

Fintech Funding Halved Last Year, But VCs Are Excited About These Areas And Deals In 2024

Venture investment in 2023 into financial services and fintech, which just a few years ago was the top sector for startup funding globally, totaled $43 billion, its lowest level in six years, according to Crunchbase data.

News
3 min read
Jan 12, 2024

AppDirect raises $100M to expand its financing program for tech businesses

AppDirect, a San Francisco- and Montreal-based platform for buying, selling and managing tech through a network of IT advisors, has raised $100 million from CDPQ to expand its financing program for small- and medium-sized tech businesses.

Venture Capital
3 min read
Jan 12, 2024

Volkswagen is bringing ChatGPT into its cars and SUVs

Volkswagen is getting into the ChatGPT game. The German automaker announced Monday at CES 2024 in Las Vegas plans to add an AI-powered chatbot into all Volkswagen models equipped with its IDA voice assistant.

Business
3 min read
Jan 11, 2024

Luma raises $43M to build AI that crafts 3D models

A couple of years ago, Alex Yu and Amit Jain came together to found a company that’d let people capture objects in 3D using their smartphones — no additional equipment required.

Startups
3 min read
Jan 11, 2024

Quora raised $75M from a16z to grow Poe, its AI chat bot platform

Quora is back at it, raising funding for the first time in nearly seven years. The questions and answers website nabbed $75 million from Andreessen Horowitz (a16z), which will be used to power the growth of Poe, Quora’s AI chat platform.

Business
4 min read
Jan 10, 2024

Investors Press Pause On Gaming Startups

When it comes to raising money, gaming startups aren’t seeing a lot of play.

News
6 min read
Jan 10, 2024

Tech Layoffs Predictions 2024: AI Begins to Flex Its Muscles

With 2023 behind us, we can reflect on a year defined by tech layoffs. We have seen more than 240,000 roles leaving the industry globally, with many tech giants shaving their workforce throughout the year.

News
10 min read
Jan 9, 2024

YC-backed African fintech Cleva, founded by Stripe and AWS alums, raises $1.5M pre-seed

Nigerian fintech Cleva, focused on creating a banking platform for African individuals and businesses to receive international payments by opening USD accounts, has raised $1.5 million in pre-seed funding.

Startup Story
5 min read
Jan 9, 2024

Nabla raises another $24 million for its AI assistant for doctors that automatically writes clinical notes

Paris-based startup Nabla just announced that it has raised a $24 million Series B funding round led by Cathay Innovation, with participation from ZEBOX Ventures — the corporate VC fund of CMA CGM.

Startup Story
5 min read
Jan 8, 2024

Early-stage fintech startups just got more funding sources

New Year Fintech Updates 2024

Startup Story
5 min read
Jan 8, 2024

Read This Before Starting Your Startup in 2024

Discover essential insights for launching a successful startup in 2024 with our comprehensive guide. From AI tools like AI Advisor and LogoGPT to NoCode platforms like Bubble and Adalo, learn how to validate your idea, gain traction, and at

Startups
4 min read
Dec 27, 2023
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