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.
Startups that received investment
Turkish social podcast application Poddy announced that it has received investment at a valuation of 85 million TL. Click for more information.
Istanbul-based game startup SuperGears Games has received investment at a valuation of $10 million. The Istanbul-based gaming startup received funding at a valuation of $10 million in an investment round led by Cevat Yerli’s company, The TMRW Foundation. Click for more information.
Artificial intelligence startup Aleph Alpha raised $500 million in Series B investment round. Bosch Ventures and Schwarz Group led the Series B investment round of the Germany-based startup. Click for more information.
Vienna-based startup Refurbed has received $57 million in Series C funding to expand its renewed electronics market. Click for more information.
Hummingdrone, which develops analysis solutions that contribute to the efficient growth of the solar energy sector by using autonomous drones and software, received investment from Keiretsu Forum Turkey angel investors at a valuation of 1.5 million dollars. Click for more information.
Cast AI announced that it raised $35 million in a Series B round led by Vintage Investment Partners with participation from Creandum and Uncorlation Ventures. Click for more information.
Milan-based Qomodo has raised €34.5 million in Pre-Seed funding, offering a variety of payment solutions, including BNPL options, for retailers and consumers. Click for more information.
Noice has received $21 million in investment to revolutionise social gaming with a combination of live streaming and multiplayer gaming on a single platform. Click for more information.