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
Cleva, a Nigerian fintech startup that solves the problem of opening dollar accounts and receiving international payments in Africa, has completed a $1.5 million pre-seed investment round led by 1984 Ventures to develop new products and expand its revenue model. Click for more information.
Claris Bio, a clinical-stage biotechnology company focused on corneal disease therapies, has received investment. The $57 million investment was led by Novo Holdings, RA Capital, Mass General Brigham Ventures and Janus Henderson Investors. The company stated that it will use the new investment to expand its operational area and intensify its R&D efforts. In addition to Mr Atwell, Claris’ leadership team includes CMO Susan Orr and OD and Chief Operating Officer Henry Rath. Click for more information.
Suicide prevention telehealth platform Vita Health has raised $22.5 million in Series A funding. LFE Capital, CVS Health Ventures, Athyrium Capital Management, Flare Capital Partners, Connecticut Innovations, CU Healthcare Innovation Fund and HopeLab participated in the round. Click for more information.
Italian startup D-Orbit, which provides a range of logistics services to companies operating satellites and other services in space, has raised €100 million in a Series C equity financing round. It said another $50 million will be added to its Series C in the first half of this year. Click for more information.