What happened in the startup ecosystem this week? 01

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 See: Marvel’s New Fitness App “Marvel Move” is Coming

Startups that received investment

Hydrogen startup SunGreenH2 announced that it has received an investment of 1.5 million dollars. This investment round was led by Sabancı Ventures, Sabancı Holding’s Corporate Venture Capital Fund. Click for the details of the news.

Mediwhale, which works on artificial intelligence-powered retinal scanning, has raised $9 million in a Series A investment round. IPS Ventures, Woori Venture Partners, Innopolis Partners, BNK Venture Capital participated in the investment round led by SBI Investment. Click for the details of the news.

That’s what led Adam Fish and Max Alexander to found Ditto Platform, which emerged from stealth today with $45 million in Series A funding led by Acrew Capital with participation from U.S. Innovative Technology Fund (USIT), True Ventures and Amity Ventures. Click for the details of the news.

Dexter Energy, an AI-based renewable energy startup, announced that it has received €10.5 million in funding. The startup will use the €10.5 million investment to grow its team. Click for the details of the news.

UK-based digital cancer support clinic Perci Health has raised £3.4 million in seed funding to expand its cancer support services. Perci Health’s seed round was led by Octopus Ventures. Click for the details of the news.

Turkish marketplace b4mar received an investment of 1.8 million TL with a valuation of 15 million TL from businessman Melih Sınırcı. It aims to get ahead of its competitors by offering price advantage. Click for the details of the news.

Scan.com, which provides direct access to medical imaging centers, received $12 million in investment. Forefront Venture Partners was also among the investors. Click for the details of the news.

Orbit Fab wants to build a network of refueling stations to fuel vehicles in space. For this purpose, it has completed a $28.5 million Series A investment round to build further fuel distribution and infrastructure. Click for the details of the news.

LMS365, an online learning management system developed for Microsoft’s products, has received a $20 million investment led by Kamet Capital and Blue Cloud Ventures. The company’s product has evolved into a cloud-based product with support for Teams and Microsoft 365. Click for the details of the news.

Helio has raised $3.3 million to grow its sales and marketing teams and collaborate more with different platforms and marketplaces. The investment round included companies such as Peak, RockawayX, Solana Labs and Lightspeed Faction. Click for the details of the news.

Yonder, a London-based credit card startup, has raised £62.5 million in a Series A funding round. The funding round was co-led by Northzone and RTP Global, with several angel investors also participating. Click for the details of the news.

Kepler Communications, a developer of satellite communications technologies, announced that it has raised $92 million in funding. Kepler Communications’ $92 million Series C round was led by IA Ventures. Click for the details of the news.

DWF Labs has partnered with the EOS Network Foundation. As part of this collaboration, it announced that it has invested over $60 million to accelerate the growth and adoption of EOS-based projects. Click for the details of the news.

What's new this week

Marvel has announced Marvel Move, a new mobile fitness app featuring immersive voice-based running routines with popular Marvel Comics characters. Marvel Move is part of a collaboration with Six to Start. Click for the details of the news.

NoCode – LowCode technologies are technologies that enable even people with no coding knowledge to easily develop software. These technologies enable developers to focus their attention on functional features by reducing or completely eliminating the need to write code during the software development process. Click for the details of the news.

Turkey’s first commercial earth observation satellite designed by space technology company Plan-S was launched into space. Connecta T2.1 was launched into orbit with the Transporter 7 mission in line with the SpaceX Falcon 9 rocket. Click for the details of the news.

The New York Times announced Digits, a new math-based puzzle game. In Digits, you are given six numbers that you can add, subtract, multiply or divide to reach a target number. You are not limited to just these six numbers. Click for the details of the news.

Electronic Arts has decided to invest in community-level soccer on a global scale to grow the game for everyone. This announcement follows EA SPORTS’ new brand identity, logo and vision for the interactive future of soccer. Click for the details of the news.

Paymes has made a strong name for itself globally in the field of financial technology. The company introduced the new ReelsPay, which facilitates the sales of all merchant users who market products with Reels content on Instagram, directs people to the products with a link and allows people to see all the products in the Reels video on a single shop page and buy them easily. Click for the details of the news.

ShipEntegra is proud to be the first Turkish technology logistics company to be recognized on Amazon. The importance of e-export has increased more with the spread of digitalization. Click for the details of the news.

Nivogo is the only Turkish startup among the top 50 projects in the Make It Circular Challenge. Nivogo, Turkey’s Leading Circular Economy Startup, is the only Turkish startup to be featured in the Make It Circular Challenge organized by What Design Can Do (WDCD) platform in global partnership with IKEA Foundation. Click for the details of the news.