What happened in the startup ecosystem this week? 12

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: Turkish Startup Zest Cloud Kitchens Receives Investment

Startups that received investment

Hightouch, a leading data enablement company, announced that it has raised an additional $38 million in funding to launch and grow its Customer 360 offering. Click for more information.

London-based fitness tech app Magic has raised $2.5 million to develop an AI-powered personal trainer.  Click for more information.

IoT SaaS startup Thingtrax has received investment. It raised €5 million in a Pre-Series A round co-led by Concentric, Superseed and Puma Private Equity.  Click for more information.

GIMO announced the successful completion of its Series A financing round, raising a significant capital increase of up to $17.1 million. Click for more information.

OneTrust announced a $4.5 billion valuation and $50 million raised for the company, which seems modest given how valuations have been trimmed in recent years. Click for more information.

Neobank startup bunq has received an investment of 44.5 million euros at a valuation of 1.65 billion euros.  Click for more information.

Turkish startup Ekmob completed its pre-Series A bridge investment round.  Click for more information.

Melo App, one of the ITU Çekirdek startups, was funded by 127.5% in the crowdfunding round with a target of 3,500,000 TL. Click for more information.

The Turkish Gamegine, which successfully completed its first financing round of 5 million dollars, will use the investment to better develop and upgrade the company. Click for more information.

ScorePlay received a €4.5 million investment from Seven Seven Six, led by Reddit co-founder Alexis Ohanian.  Click for more information.

GlossGenius has received $28 million in Series C funding to continue building its platform for small business owners in the beauty and wellness industry.  Click for more information.

Collaborative Robotics announced that it has raised $30 million in Series A funding led by new lead investor Sequoia Capital, bringing the total amount raised since inception to over $40 million. Click for more information.

Online Veterinary Platform Airvet announced the closing of an $18.2 million Series B round led by Mountain Group Partners (MGP). Click for more information.

RapidAI is a leading global company focused on developing Artificial Intelligence (AI) and technology workflow solutions to combat life-threatening neurovascular, cardiac and vascular diseases. Click for more information.

Turkish Web3 startup Finceptor announced that it has received an investment at a valuation of $3.5 million.  Click for more information.

Zest Cloud Kitchens is a Turkish cloud kitchen startup focused on artificial intelligence. The Turkish startup received an investment of $450,000 at a valuation of $8 million in a pre-seed investment round. Click for more information.