What happened in the startup ecosystem this week? 02

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: Harvey AI Receives $21 Million Investment in Series A Round

Startups that received investment

Abdera Therapeutics Inc. is a biopharmaceutical company using the advanced antibody-engineered ROVER™ platform to develop tunable and precise radiopharmaceuticals for the treatment of cancer. The company announced that it has raised $142 million. Click for more details.

Weaviate.io announced that it has raised $50 million in a funding round led by Index Ventures with participation from Battery Ventures. Click for more details.

Çizgi Studio, which stands out with its innovative work in the field of comics and storytelling in Turkey, announced that it has received an investment of 222 thousand dollars from Power House. Click for more details.

Mooncard is a company that helps businesses manage their spending. The company received 37 million euros in its latest investment round. Click for more details.

Distalmotion has developed a new standard of care to assist doctors in surgeries. The firm has raised $150 million in a round led by Revival Healthcare Capital and joined by existing investors. Click for more details.

Riverlane, a quantum computing startup, has raised £15 million in a Series B investment round from Molten Ventures. Molten Ventures led the round in which the UK-based company received investment. Click for more details. 

Urban mobility tech startup Swobbee has raised €2 million in a Series A investment round. Existing investors participated in this investment round with Dutch Stichting Clean Future Dividend Fund and SpeedUp Energy Innovation. Click for more details.

Neighborhood market app Pazardan received 4,937,417 TL investment at a valuation of 66 million TL in a crowdfunding round. Click for more details.

Robotic security company Veo Robotics has received $29 million in investment. Companies such as Safar Partners and Yamaha Motor Ventures participated in this investment round. Click for more details.

Virta Ltd receives €85 million investment. Future Energy Ventures, an investment group led by Jolt Capital and backed by E.ON., Helen Ventures, Vertex Growth Fund, Fin Industry Investment and Lahti Energy, received €65 million in equity investment from existing investors. Click for more details.

Bottobo Robotics received 1.75 million dollars in its first investment round. Bottobo Robotics’ $1.75 million investment round was led by Eksim Ventures. Click for more details.

Prolific AI law-focused tech startup Harvey has raised $21 million in a Series A funding round led by Sequoia Capital. Harvey is a startup that builds custom big language models for law firms using OpenAI’s GPT-4. Click for more details.

What’s new this week

The Prime Minister and Minister of Technology announced that £100 million will be spent on developing the UK’s secure and reliable technological infrastructure. Thus, it will take an important step towards achieving its goals. They aim to accelerate the process of preparing for artificial intelligence technologies. Click for more details.