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
ProducePay, which has a mission to eliminate economic and food waste, announced that it has received an investment of 38 million dollars. The series D investment round was led by Syngenta Group Ventures, the venture capital arm of Syngenta Group. Click for more information.
Starship Technologies, an Estonian startup taking a first step in the delivery robotics space, has received $90 million in funding as it looks to cement its position at the top of its category. Click for more information.
Swiss startup Jua has raised $16 million in a seed funding round led by 468 Capital and Green Generation Fund with participation from Promus Ventures, Kadmos Capital, Flix Mobility founders, Session.vc, Virtus Resources Partners, Notion.vc and InnoSuisse. Click for more information.
NinjaOne announced that it has raised a $231.5 million Series C funding round led by ICONIQ Growth. Frank Slootman, President and CEO of Snowflake; and Amit Agarwal, President of Datadog; among others, also invested in the round. Click for more information.
Cradle, a biotechnology software startup based in Delft, the Netherlands, is using specialised software to help biologists design advanced proteins. Click for more information.
Xensam, founded in 2016 by brothers Oskar and Gustav Fösker, is looking to expand in the US and Europe. Click for more information.