News #Startup Funding

Stocks cautious before Nvidia/Jackson Hole, Crypto consolidating after monster rally, Startup money flowing to AI infrastructure in space and on Earth.

EV battery-swapping startup Battery Smart has raised Rs 185.5 crore or $19.50 million in its Series C funding round led by existing investors Rising Tide Ventures

African e-commerce group Jumia Technologies was left with just $367,000 of total equity at the end of June, before a $50m injection anchored by the International Finance Corporation

Battery startup Form Energy said on Wednesday that it has raised $750 million to expand its manufacturing capacity in West Virginia, the latest sign that the AI data center building boom is fueling investment in energy storage.

The European Commission has announced that the Scaleup Europe Fund was fully operational, with investments “expected in the coming weeks.” But its first deal was actually made public the very next day.

Twelve Kenyan education technology start-ups developing solutions for learners with disabilities, refugees and other underserved communities have secured backing under the latest Mastercard Foundation EdTech Fellowship

Ghanaian startups Built, GrowForMe, and SAYeTECH have raised a combined US$500,000 in funding from the Africa Ecosystem Catalysts Facility, a US$4 million pilot investment facility

Healthtech startup CARPL.ai has raised $10 million in a Series A funding round led by the International Finance Corporation (IFC), with participation from existing investor Stellaris Venture Partners

Gurugram based travel tech startup 30 Sundays has raised $6.7 million in a funding round led by Bessemer Venture Partners, with participation from existing investors Info Edge Ventures and Eximius.

It was a whiplash week. Softer U.S. inflation reignited risk appetite, AI earnings hopes pulled $49 billion back into equities, and Bitcoin clawed back toward $65k