What happened in the startup ecosystem this week? 14

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: NeXtWind Receives Investment for Sustainable Energy

Startups that received investment

Veloxia Technology is a Turkish mobile gaming startup. It was founded in June 2019. According to the information conveyed, the startup has completed the bridge investment round. Click for more information.

One Model is a platform that helps employers make decisions about hiring, promotion, dismissal and general workplace planning. It continues to work as a platform that uses AI for this. Now it has announced that it has raised $ 41 million in a financing round led by Riverwood Capital. Click for more information.

The German government will give the green light for the construction of a €10 billion ($11 billion) chip plant in Dresden following a board meeting with Taiwan Semiconductor Manufacturing today. Click for more information.

Neuralink, the company launched by Elon Musk, received $280 million in Series D funding from Peter Thiel’s Founders Fund. Neuralink, which develops brain implants, announced the investment it received from its X account. Click for more information.

Tractian, a leader in industrial Internet of Things and enterprise asset management software, announced $45 million in growth capital led by General Catalyst. Click for more information.

ConductorOne, Inc., a leader in identity security and access governance, announced a $12 million expansion of its Series A funding led by Felicis. Click for more information.

TeamSec, which works on regulatory technologies, completed its first investment round. The Turkish startup raised funds at a valuation of $42 million in its first investment round.  Click for more information.

Forwardie, a Turkish digital logistics startup, received a 1 million euro seed investment. It should be noted that the investment came from Esor Investments. Click for more information.

Monetizr, the ad experience platform, has raised $4 million in a series of financings led by Change Ventures. Several well-known angel investors participated in the round, including Jared Schrieber, founder of InfoScout/Numerator, and Ari Paparo, CEO of Marketecture Media and a former executive at Google and Beeswax, with participation from Techstars and Ludus Ventures. Click for more information.

German climate technology company Kraftblock has raised a €20 million Series B funding round. The round includes Shell Ventures, Finindus, Moore Strategic Ventures, A&G Energy Transition Tech Fund, TechEnergy Ventures and Future Industry Ventures. Click for more information.

Bactolife is a bio-industrial company developing proprietary Binding ProteinsTM that enhance the gut microbiome of humans and animals to reduce the burden of gastrointestinal infections and anti-microbial resistance. The company announced that it has received an investment of 30 million euros. Click for more information.

California-based Virtualitics provides businesses with an AI-focused platform for 3D data discovery. Now it has announced $37 million in a series C funding round. Click for more information.

Fizz, the social media platform exclusively for university students founded by Generation Z, announced that it has received an investment of $ 25 million with the participation of NEA led by Owl Ventures. Click for more information.

Wint is an Israeli startup developing leak detection technology using artificial intelligence to prevent water damage. It said in a statement. It has received $35 million in investment from investors including Inven Capital, a European climate technology fund, and New York-based private equity firm Insight Partners. Click for more information.

Berlin-based energy company NeXtWind, together with the Public Sector Pension Investment Board (PSP Investments) and IMCO, has secured a financing of up to $750 million from Sandbrook Capital. Click for more information.