What happened in the startup ecosystem this week? 17

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: Speak Receives Investment

Startups that received investment

Gympass, the leading enterprise wellness platform, announced that it has raised $85 million in a Series F financing round at a valuation of $2.4 billion. Click for more information.

Fintech startup LemFi has raised a $33 million Series A investment led by Left Lane Capital. Other investors such as Y-Combinator, Zrosk, Global Founders Capital and Olive Tree also participated in the funding round. Click for more information.

Finland-based e-commerce giant Starcart announced the successful completion of its seed funding round. The company received 3.5 million euro investment from leading Finnish angel investors led by Scandinavian early-stage investor Inventure and Business Finland. Click for more information.

Turkish startup Pooly, which offers alternative, smart, social and environmentally friendly solutions to daily transport problems, announced that it has received investment from Amsterdam-based SBC. Click for more information.

Sweden-based Novatron Fusion Group has emerged as a startup aiming to revolutionise fusion energy production. The company announced that it has successfully completed a seed round of 5 million euros. Click for more information.

San Francisco-based Apollo.io has raised $100 million in a Series D funding round led by Bain Capital Ventures. This investment nearly doubled the company’s valuation to $1.6 billion. Click for more information.

Moxie announced it raised $15.7 million, led by SignalFire and Boulton & Watt. It currently operates in seven states. Some of the funding will be used to expand across the United States. Click for more information.

AI21 Labs, which develops artificial intelligence and large language models (LLMs), announced the closing of a $155 million Series C financing at a valuation of $1.4 billion. Click for more information.

Turkish game studio One Percent announced that it has received investment at a valuation of $2.5 million. Click for more information.

Büyütech, which designed the cameras of the Turkish car brand Togg, has completed its new investment round. The Turkish startup announced that it received a total investment of 4 million 230 thousand dollars. Click for more information.

French startup Teale has secured a funding round of $11 million (€10 million). The company provides a mental health platform for employees. Click for more information.

Intuition Robotics announced the closing of a new $25 million financing round. The round was led by Toyota Ventures, OurCrowd, Western Technology Investment and additional investors. Click for more information.

QuantHealth, an AI-powered clinical trial design startup, has received investment led by Bertelsmann Investments and Pitango HealthTech, with participation from existing investors Shoni Top Ventures and Nina Capital. Click for more information.

Speak, an artificial intelligence (AI)-powered English learning platform, has raised $16 million in a recent funding round. Click for more information.

What’s new this week

In a world where dressing is not just a necessity but an expression of individuality, Modivu emerges as a beacon of innovation. It elevates the fashion experience by offering a Super App designed exclusively for those who breathe the language of style. Welcome to this world prepared for those who live the language of style. Experiences go beyond ordinary clothes, every click captures the essence of your wardrobe journey. Click for more information.

Fintech Nomad completed a $61 million Series B round led by investment fund Tiger Group with participation from Monashees, Spark Capital, Stripes and Global Venture. In May last year, the company received $32 million from an investment round led by Stripes. Click for more information.