What happened in the startup ecosystem this week? 07

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 Read: Chinese Tech Giant Baidu Launches an AI Venture Fund

Startups that received investment

Zero44, a SaaS startup for CO2 management of commercial vessels to help the maritime sector achieve its sustainability goals, announced a successful €2.5 million funding round led by early stage investor Atlantic Labs. Click for more information.

Biotech startup ElevateBio has raised $401 million in a Series D investment round. This investment round was led by AyurMaya Capital Management Fund. Click for more information.

Health tech startup Encare announced that it has received €1.5 million investment. The investment round took place with the participation of the Society, existing investors and new investors. Click for more information.

Carrum Health, a healthcare payments management company, raised $45 million in a Series C investment round. OMERS Growth Equity led Carrum Health’s $45 million investment round. Click for more information.

Climate tech startup CUR8 has raised €6.1 million in a pre-seed investment round. This investment round was led by Google Ventures. Overstory, Gorilla, Sojo, CapitalT and Vaayu also participated in the investment round. Click for more information.

Bene Bono, which works to prevent food waste, announced that it has received an investment of 7 million Euros. Bene Bono is a startup that aims to save organic vegetables and fruits that large supermarkets reject for aesthetic reasons. Click for more information.

Brain health app Beynex announced that it has received investment at a valuation of 4 million Euros.  Click for more information.

Popile, a Turkish startup that enables personalized greeting messages from popular names, has received an investment at a valuation of 4 million dollars. Click for more information.

GoWit, a Turkish startup offering an advertising platform for marketplaces, has received $1 million investment. Mindvest GSYF, Esas Ventures, APY Ventures and Alarko Ventures participated in the investment round of Turkey’s first retail media advertising platform. Click for more information.

Wastespresso, which produces bioplastics from coffee waste, received an investment of over 3 million valuation. Click for more information.

What’s new this week

Nvidia, one of the world’s leading chipmakers, has attracted the attention of investors with the ongoing artificial intelligence fury. Thanks to this interest, the company has also managed to write its name among American companies with a trillion-dollar value. Thanks to the rapid advances in the field of creative artificial intelligence, giant technology companies continue to work in this field. Click for more information.

Artificial intelligence startups seem to be very popular this season. Chinese search giant Baidu has announced plans to set up a venture fund with $145 million to support start-ups focused on content generated by AI applications. The company will also launch a competition for developers building applications from the ERNIE large language model (LLM) or integrating the model into their existing products, Reuters, which previously reported the news, said. Click for more information.