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# Tech Funding News
Tech Funding News
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## Posts
- [News](https://techfundingnews.com/latest-news/)
- [Wasabi lands $70M at $1.8B valuation to take on AWS in AI storage](https://techfundingnews.com/wasabi-raises-70m-1-8b-valuation-ai-storage/) - Generative AI, ML training, and autonomous systems overwhelm traditional cloud storage providers. Hyperscalers now charge unpredictable fees for API requests and other "hidden" costs, creating barriers for enterprises and AI developers needing affordable infrastructure. Wasabi Technologies solves this with its Hot Cloud Storage, offering cost-predictable storage with no egress or API fees. Today, Wasabi raised Wasabi Technologies raises $70M at $1.8B valuation, led by L2 Point and Pure Storage, to scale no-egress Hot Cloud Storage for AI workloads. Boston startup targets hyperscaler pricing woes amid data boom
- [Ex-500 team at e2vc hits first close on €100M to back CEE founders](https://techfundingnews.com/e2vc-secures-first-close-of-e100m-fund-iii-to-back-early-stage-founders/) - e2vc has announced the first close of its €100 million Fund III as a part of its commitment to backing early-stage tech founders. Supported by more than 50 limited partners, partners, and advisors, the close reflects long-term confidence in the firm’s approach. The fund is already active, with investments committed to over 10 startups, showing
- [Indian gaming platform Zupee closes $30M Series B at over $500M valuation](https://techfundingnews.com/indian-gaming-platform-zupee-closes-30m-series-b-at-over-500m-valuation/) - India-based Zupee is a leading innovator in the online skill-based gaming industry. Recently, the company has pocketed $30 million in a Series B funding round with a $500 million pre-money valuation. The round was co-led by WestCap Group from Silicon Valley and Tomales Bay Capital. Also, Orios Venture Partners and Matrix Partners India participated in the round. Notably, the investment has
- [Berlin named as hotspot among European founders: 10 startups putting the city on global map](https://techfundingnews.com/berlin-named-as-hotspot-among-european-founders-10-startups-putting-the-city-on-global-map/) - While the Covid-19 pandemic after-effects and the tech downturn are here to stay for a while, still the European tech startup community is closing in on the investment gap with those from the US. As per the Startup Heatmap Survey 2021, within Europe - Berlin proves to be founders' favourite. It maintains a solid 39%of
- [10 best industrial tech startups that hit unicorn status in 2021](https://techfundingnews.com/10-best-european-unicorns-in-2021/) - Here is a list of 10 European $1 billion startups, which TFN has compiled based on a report.
- [Locus Robotics, US warehouse robotics company bags $50M to expand into new markets](https://techfundingnews.com/locus-robotics-us-warehouse-robotics-company-bags-50m-to-expand-into-new-markets/) - An autonomous mobile robots company Locus Robotics based in the US redefines fulfillment warehouses. Recently, the company bagged $50 million (nearly £37 million) in a recent funding round. The additional investment from existing investor Tiger Global Management adds to the Series E round it secured in February. Expansion plans Locus Robotics will use the investment for the continued growth
- [eVTOL: Is this what the future of transport looks like?](https://techfundingnews.com/evtol-is-this-what-the-future-of-transport-looks-like/) - Intelligent transport technology is taking over the world step-by-step. And one of them fueling the growth is eVTOL (electric vertical takeoff and landing). This particular market is growing significantly, thanks to the rising awareness towards traffic congestion, low maintenance costs, and rapid technological advancements. It is estimated by MRFR that the eVTOL aircraft market could
- [Biggest IPO listings of 2021 in Europe](https://techfundingnews.com/biggest-ipo-listings-of-2021-in-europe/) - Despite COVID-led disruptions hampering the global economy, there has been an IPO gala in 2021. According to recent reports, European stock market listings witnessed huge momentum especially in the first half of 2021 owing to pent-up demand for growth companies and unprecedented monetary stimulus. Consequently, European stock market listings hit their highest level for 14
- [This Amsterdam-based startup raises $5.8M to decentralize exchanges](https://techfundingnews.com/this-amsterdam-based-startup-raises-5-8m-to-decentralize-exchanges/) - From 2021 to 2030, the global cryptocurrency market is expected to increase at a CAGR of 12.8 percent, from $1.49 billion in 2020 to $4.94 billion in 2030. The term "virtual currency" refers to cryptocurrency. It is a type of currency that solely exists in the digital realm and has no central issuing or regulatory
- [European startup develops world’s first plant-based meatless steak, snaps £3.4M](https://techfundingnews.com/juicy-marbles-develops-worlds-first-plant-based-meatless-steak-snaps-3-4m/) - Alternative meat is taking the world by storm with multiple companies working on products that are better for the environment. While names such as Beyond Meat and Impossible Foods are well known in this segment, a new entrant has now forayed in this market with a unique offering. Provider of premium plant-based steaks, Juicy Marbles,
- [Japanese space debris removal startup Astroscale secures $109M funding](https://techfundingnews.com/japanese-space-debris-removal-startup-astroscale-funding/) - Space is vast and a lot is still unknown to us. Apparently, the sector is welcoming more players and satellites for further discovery. Currently, thousands of satellites are being launched and there is a higher risk of hundreds of dead satellites in space. This could exacerbate the mass of debris in space orbiting around our
- [Coinbase acquired crypto wallet firm BRD to accelerate web3 adoption](https://techfundingnews.com/coinbase-acquired-crypto-wallet-firm-brd-to-accelerate-web3-adoption/) - If you own cryptocurrency, then you will know that it is tedious to get it converted into currency or find reliable ways to spend it. This is where digital currency exchange platforms come to play. San Francisco-based Coinbase is one such platform that has now announced the acquisition of Swiss crypto wallet firm BRD. The
- [Portuguese expat founded accounting app scores $3M seed funding](https://techfundingnews.com/london-startup-pixie-funding/) - Pixie, a London-based startup, is built to make practice management and workflow automation simple for small accounting and bookkeeping firms has secured £2.25 million.
- [This Indian startup wants to revolutionise the country's used car industry, raises $280M](https://techfundingnews.com/looking-to-buy-used-cars-this-startup-aims-to-ease-the-process-raises-280m/) - The Indian passenger vehicle (PV) market, which has shrunk significantly since FY2019, is likely to revive in the following years. According to a study commissioned by Volkswagen India and conducted by Frost & Sullivan, used car sales are expected to outweigh new car sales by more than 2:1 by FY2025. As per the study commissioned
- [Germany's IONITY grabs €700M to bring 7000 EV faster chargers to Europe by 2025](https://techfundingnews.com/german-ev-fast-charging-network-ionity-funding/) - Electric vehicles are the future of the mobility industry all over the world in the coming years. However, research hints that consumers are concerned about the lack of proper charging infrastructure to adapt to the electrification trend. Also, nearly 50 to 60 percent of the vehicles on road are likely to be electric by 2030,
- [Framework, a platform designed to help startup operators meet the unique challenges they face](https://techfundingnews.com/framework-a-platform-designed-to-help-founders-meet-the-unique-challenges-they-face/) - Framework, a platform dubbed as the ‘Duolingo of MBAs’ recently secured £1.5 million in funding to develop and launch its learning platform for startups. Led by LearnStart and with investment from angels like Brent Hoberman, Claire Novorol and Victoria van Lennep, Framework is an eagerly anticipated product: there are over 4,000 people hoping to get
- [Los Angeles-based Arc, ‘Tesla of boats’ pockets $30M to fulfill its ambitions](https://techfundingnews.com/los-angeles-electric-boat-startup-arc-funding/) - Arc Boat Co., a startup from Los Angeles is doing what Tesla did for sedans but for watercraft. The young company, which is yet to be a year old has come up with electric boats as it eyes to electrify the watercraft industry. Recently, the electric boat startup has pocketed a $30 million investment in
- [Pokemon Go Developer Niantic Inc secures $300M at $9B valuations; unveil first-ever Bitcoin powered Metaverse](https://techfundingnews.com/niantic-inc-secures-300m/) - Niantic Inc, the augmented reality platform behind Pokemon Go, raised $300M from hedge fund Coatue at a valuation of $9B. The company will use the funds to invest in current games and new apps, expand the Lightship developer platform, and build out its vision for the Real-World Metaverse. How did Niantic come into existence? In
- [Heard of the creative economy? Edge Investments raises £85M to back out-of-the-box startups](https://techfundingnews.com/heard-of-the-creative-economy-edge-investments-raises-85m-to-invest-in-early-age-startups/) - Edge Investments, located in London, has raised £85M for its second venture fund, Create the Future, which is aiming for a £100M ultimate close.
- [US-based cloud security platform Lacework raises $1.3B, reaches $8.3B valuation](https://techfundingnews.com/us-cloud-security-platform-lacework-funding/) - California-based Lacework is a data-driven cloud security platform that has raised $1.3 billion in a Series D funding round that values it at $8.3 billion.
- [This Belgian startup is on a moonshot mission to help people destress](https://techfundingnews.com/this-belgian-startup-is-on-a-moonshot-mission-to-help-people-destress/) - The Times They Are A-Changin'. Bob Dylan's words could not have been truer than the time we are living in now. In this post-Covid era, social isolation, work from home and just being confined in a place where you are and no chance to travel has led to major social changes in our daily lives.
- [Copenhagen-based ‘Netflix for podcasts’ Podimo picks up $78M funding](https://techfundingnews.com/netflix-for-podcasts-podimo-copenhagen-funding/) - Podimo, the ‘Netflix of Podcasts’ has picked up a $78 million Series B funding in a round led by Highland Europe and 83North.
- [Turkish 10-minute grocery delivery giant Getir acquires London-based Weezy](https://techfundingnews.com/turkish-online-grocery-delivery-getir-acquires-weezy/) - Turkish 10-minute grocery delivery giant Getir acquires Weezy to solidify its position in the UK.
- [San Francisco-based Deliverr bags $250M in Series E to democratise e-commerce fulfillment](https://techfundingnews.com/deliverr-bags-250m/) - Globally, shopping habits have changed quickly in the last decade, and the majority of consumers now shop online. The use of e-commerce has generated a significant demand for dedicated delivery services and results in increasingly difficult last-mile logistics. According to experts, customers are more likely to buy a product when they see free and fast
- [Grammarly secures $200M at $13B valuation: 5 things we bet you don't know](https://techfundingnews.com/grammarly-secures-200m/) - Grammarly has secured over $200M in funding at a $13B valuation from new investors Baillie Gifford and funds and accounts managed by BlackRock, among others.
- [French insurtech Continuity that creates AI assistant to help insurance underwriters nabs €5M funding](https://techfundingnews.com/french-insurtech-continuity-funding-round/) - French insurtech Continuity that creates an AI assistant to help insurance underwriters deliver faster solutions to SMEs has nabbed €5M funding.
- [Extending life of fashion: This UK-based startup offers clothes maintenance as a service](https://techfundingnews.com/extending-fashion-uk-startup-clothes-maintenance-the-seam/) - The Seam, a UK based startup, has raised £250,000 to fight fast fashion and revolutionise clothes care and repair services.
- [Unveiling the story behind Tier’s latest acquisition: nextbike](https://techfundingnews.com/unveiling-the-story-behind-tiers-nextbike-acquisition-all-you-need-to-know/) - Berlin-based micromobility players Tier Mobility acquired one of Europe's top bikeshare players, nextbike
- [KOMPAS announces $160M fund for founders with a strong environmental purpose](https://techfundingnews.com/kompas-announces-160m-fund-for-founders-with-a-strong-environmental-purpose/) - KOMPAS, a European venture capital fund, has announced a $160 million early-stage fund that will accelerate developments in digital technology and automation. Focused on the manufacturing, real estate and construction sectors, the fund is targeting a top quartile financial return, but couples this with a mission to reduce waste and CO₂ emissions. The building and
- [How Oja took its founder’s cultural heritage to a $3.4 million funding round](https://techfundingnews.com/how-oja-took-its-founders-cultural-heritage-to-a-3-4-million-funding-round/) - Oja, an online ethnic grocery delivery service, recently closed a $3.4 million funding round. Like most startups, it hopes to succeed by filling a gap in the market. However, Oja's roots are far more personal than most startups. Oja's name comes from the Yoruba word for 'market', reflecting Mariam Jimoh's Nigerian background. Named as one
- [Worried about the quality of baby foods? This food tech startup raises $12M for nutrient-dense products for children](https://techfundingnews.com/worried-about-the-quality-of-baby-foods-this-food-tech-startup-raises-12m-for-nutrient-dense-products-for-children/) - Amara has secured $12M in Series A funding to extend its product range of nutrient-dense snacks for children aged three to seven.
- [Israeli drone delivery startup Flytrex eyes expansion across the US with $40M funding](https://techfundingnews.com/israel-drone-delivery-startup-flytrex-funding/) - Israeli on-demand drone delivery startup for food and retail Flytrex has picked up $40 million in a Series C funding round to continue the development of its software and hardware.
- [This Polish startup is setting epic sustainable packaging goals for businesses, lands €40M funding](https://techfundingnews.com/this-polish-startup-is-setting-epic-sustainable-packaging-goals-for-businesses-lands-e40m-funding/) - Warsaw-based B2B startup Packhelp offers custom packing and it has now announced raising a notable €40 million Series B funding.
- [Customer Engagement? This Australia based startup secures £37M to expand globally](https://techfundingnews.com/customer-engagement-this-australia-based-startup-secures-37m-to-expand-globally/) - Practice Ignition, an Australia-based client engagement and commerce platform has raised $50M(£37M) in a Series C funding round.
- [This startup is making smart, fully electric, and driverless tractor with $61M funding](https://techfundingnews.com/startup-making-electric-tractor/) - One cannot deny the growing popularity of e-vehicles! And it's doesn't end with the roads. EUV (Electric Utility Vehicle) is also slowly grabbing the public's attention, and tractors are no exception. Currently, e-Tractors are increasingly considered as an ideal/alternative option to accelerate the future of clean farming. E-tractor can be of great help for farmers
- [Lithuanian open data platform Okredo helps SMEs mitigate credit risk, picks up €1M funding](https://techfundingnews.com/lithuanian-open-data-platform-okredo-funding/) - Okredo, a Lithuanian open data platform just announced that it has picked up €1 million (nearly $1.13 million) in a seed funding round.
- [Heard of Care Now Pay Later? This startup helps in reducing medical debt, raises $15M](https://techfundingnews.com/heard-of-care-now-pay-later-this-startup-helps-in-reducing-medical-debt-raises-15m/) - PayZen, a healthcare fintech company, uses artificial intelligence to underwrite patients' medical debt. This startup has raised $15M Series A round of funding.
- [ZoodPay: Switzerland-founded BNPL raises $38M; eyes expansion in Middle East and Central Asia](https://techfundingnews.com/bnpl-zoodpay-raises-38m/) - ZoodPay raised $38M funding in a Series B round from Sturgeon Capital, Zain Ventures, and other existing investors. Read more about their future plans inside.
- [Revolut-backer Balderton Capital raises record high $600M to fund early stage European startups](https://techfundingnews.com/revolut-backer-balderton-capital-raises-record-high-600m-to-fund-early-stage-european-startups/) - Europe's largest venture capital firm has raised $600M(£446M) and it is touted to be the biggest early-stage fund ever.
- [The 5 powerful acquisitions by UK's Cazoo in 2021](https://techfundingnews.com/the-5-powerful-acquisitions-of-uks-cazoo-in-2021/) - Cazoo, the UK-based online car retailer has done many acquisitions this year, with the latest one being Spain's Swipcar. Check it out.
- [The 5 powerful acquisitions by UK's Cazoo in 2021](https://techfundingnews.com/the-5-powerful-acquisitions-of-uks-cazoo-in-2021/) - Cazoo, the UK-based online car retailer has done many acquisitions this year, with the latest one being Spain's Swipcar. Check it out.
- [Bristol’s women-led fraud prevention platform Clue pockets £5M funding](https://techfundingnews.com/bristol-women-led-startup-clue-funding/) - Headquartered in Bristol, Clue is a cloud-based, SaaS investigation case management and intelligence platform has pocketed £5 million in a funding round.
- [Klarna rival alert: Philippines BNPL fintech founded by Ex-NASA engineer scores £1.6M funding](https://techfundingnews.com/klarna-rival-alert-philippines-bnpl-fintech-founded-by-ex-nasa-engineer-scores-1-6m-funding/) - Philippines-based BNPL startup Plentina raised $2.2M(£1.6M) funding recently in its latest round which was led by TMV.
- [UK-based virtual gaming startup to launch world's first live esports league in Metaverse, picks $8M](https://techfundingnews.com/uk-based-virtual-gaming-startup-to-launch-worlds-first-live-esports-league-in-metaverse-picks-8m/) - Dubit, games studio and virtual world developer, has raised $8M(£5.9M) to launch the world's first live esports league in the metaverse, beginning with Roblox.
- [Paris medtech Lifen nabs €50M to bring innovation to the heart of hospitals](https://techfundingnews.com/paris-medtech-lifen-nabs-50m/) - Lifen, a Paris-based medtech company has secured €50M funding from Creadev and Lauxera Capital Partners, with existing investors like Partech and Serena.
- [Hadrian secures $2.8M to build world’s first autonomous cybersecurity for businesses](https://techfundingnews.com/hadrian-cybersecurity-startup-secures-funding/) - London- and Amsterdam-based cybersecurity startup Hadrian secures $2.8M to build world’s first autonomous cybersecurity for businesses.
- [Virtuoso, a London SaaS that automates software testing gets $13.3M funding](https://techfundingnews.com/virtuoso-gets-13-3m-funding/) - Virtuoso, a London-based company that offers codeless test automation solutions to enterprises, has raised $13.3M in a Series A round led by Paladin Capital.
- [Vietnam’s proptech Homebase wants anyone to own a house, gets $30M funding](https://techfundingnews.com/vietnams-proptech-homebase-wants-anyone-to-own-a-house-gets-30m-funding/) - Headquartered in Vietnam, Homebase is a leading proptech company that makes the dream of owning a home possible for anyone has raised $30 million.
- [Dutch star
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