What happened in the startup ecosystem this week? 06

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: Niocycle Receives $1.1 Million Investment

Startups that received investment

Stoke Space has received multiple investments from In-Q-Tel, a strategic investor in the US intelligence and defense community.  Click for more information.

VoxelSensors announces the successful completion of a €5 million financing round. The investment was led by Belgian venture capital firms led by Capricorn Partners and Qbic, with participation from Finance&invest.brussels and existing investors. Click for more information.

Nia Health, a digital solution for the treatment and support of people with chronic skin conditions, has received an investment of 3.5 million euros. Click for more information.

Turkish mobile game startup Lumier Games announced that it received a 1 million TL seed investment from Hakkı Alkan. Focusing on mobile games, Lumier Games’ 1 million TL investment was realized at a valuation of 7 million TL. Click for more information.

Bundle Kitchen, one of Turkey’s first virtual kitchen concept startups, brings a unique approach to this sector. The virtual kitchen startup also received an investment of 1.25 million dollars. Click for more information.

Ariadne announced the successful completion of a $7 million investment round. Since its establishment, Ariadne reports attracting clients around the world. Click for more information.

 LogD’s Milk Run Management System, a sustainable and innovative application in the logistics supply chain, received investment from Founder One, an impact investment fund that supports early-stage technology-focused impact entrepreneurs. Click for more information.

Worldcoin received a total of $115 million in this investment round. Click for more information.

Laced is a startup with the goal of providing fairer access to sneakers. It raised €11.2 million in an A round led by Talis Capital. Click for more information.

Niocycle, a startup that assists in the recycling of lithium ion batteries, has raised $1.1 million in a seed investment round. Click for more information.

What’s new this week

2023 will be no exception to the ongoing improvement and evolution of the fintech sector. The fintech market is expected to grow and reach $174 billion in 2023. The adoption of fintech solutions by the banking sector has recently increased dramatically as people become more tech-savvy. Several technological advancements, including SaaS offerings and embedded finance, will influence the fintech sector in 2023. Click for more information.

Insider, the marketing platform established by Turkish entrepreneur Hande Çilingir, has achieved great success in its latest investment round. The company, which serves important customers such as Vodafone and LCW, received an investment of 105 million dollars. Insider aims to support its growth and expansion strategies with this investment. Marketing platform Insider announced that it has received investment from its existing investors QIA and Esas Holding, which have companies such as Volkswagen and Barclays in their portfolio. The investment will enable Insider to accelerate its M&A strategies, providing marketers with more channels and innovative technologies. Click for more information.