Startups, unlike traditional businesses, are established with the goal of rapid growth and often take risks and receive a large amount of investment. These investments are used to accelerate the growth of the business and they often develop projects that focus on technological innovation. However, the survival and growth of startups is often a challenging process.
Entrepreneurs have to constantly improve their product and business model, impress their customers and satisfy investors in order for their business to succeed. A successful startup is achieved with a team that believes in and is excited about its product, a business model that meets the needs of customers, and proper management of its financial resources. Building a startup therefore requires a great deal of risk and dedication, but can offer significant rewards when it succeeds. Let’s see what happened in the startup ecosystem this week.
Also Read: Uncapped Receives £200 Million Investment
Startups that received investment
Cerebrum Tech has received 50 million TL funding in the investment round in which both institutional and individual investors, especially Boğaziçi Ventures, participated. Click for more information.
Turkish startup Gamester Kids focuses on educational technologies. According to the information, the startup received an investment of 850 thousand dollars. Click for more information.
Webel is an app that brings almost any service, e.g. cleaning, tutoring, beauty care, etc. to your doorstep. Recently, in a seed investment round led by Trind Ventures, Webel received an investment of 2.1 million euros, primarily for its expansion ambitions. Click for more information.
Lanes & Planes, a leading SaaS provider of corporate travel solutions in Europe, announced a €33.2 million Series B investment led by US-based investor Smash Capital. Veit Blumschein and Daniel Nolte are co-founders of Lanes & Planes. Click for more information.
Chinese artificial intelligence startup Baichuan Intelligent Technology announced that it has raised $300 million from investors, including Chinese technology giants Alibaba Group Holding Ltd, Tencent Holdings Ltd and Xiaomi Corp. Baichuan, founded by Wang Xiaochuan, founder of internet search engine Sogou Inc, was one of the first companies to take its AI broad language models public after receiving approval from Chinese authorities in late August. Click for more information.
Evident Vascular leverages artificial intelligence to deliver superior imaging and streamlined workflows. The startup announced its launch with $35 million Series A financing from Vensana Capital. Click for more information.
South Korean healthcare technology startup Sky Labs has raised $15.3 million in a Series C funding round led by the government-run Korea Development Bank. K2 Investment Partners, Devsisters Ventures, SJG Partners and OpenWater Investment also participated in the investment round. Click for more information.
Ai Build, an additive manufacturing software startup, has raised an $8.5 million Series A round led by IQ Capital, bringing the company’s funding to $13.5 million. Click for more information.
Uncapped, formerly known as an income-based finance provider, has received £200 million of investment. It was provided by New York-based private equity firm Fortress Investment Group. Click for more information.