What happened in the startup ecosystem this week? 20

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: Data Search Startup Secoda Receives $14 Million Investment

Startups that received investment

Tap Electric, an Amsterdam-based startup focused on the driver experience for electric vehicle owners and charger operators, has received investment. LUMO Labs announced that it has raised 1 million euros in a seed funding round led by Shamrock Ventures and Fair Capital Partners Impact Investing. Click for more information.

French quantum-as-a-service startup ColibriTD receives investment. It has completed a €1 million seed funding round. Click for more information.

Turkish startup Scoutli is a startup that appears as a data analytics, scouting and fantasy league platform for sports teams. According to the information provided by Scoutli, the startup received an investment of 800 thousand TL at a valuation of 26.93 million TL in the bridge investment round. Click for more information.

Kenjo, one of Europe’s leading HR tech startups, has closed an €8.8 million Series A investment round led by Hi Inov. Click for more information.

A startup specialising in AI-powered content creation and summarisation, Writer Inc. recently raised $100 million in funding. Click for more information.

Payflow has raised over 12 million euros from investors such as Y Combinator, Telefónica and Plug&Play. It has also raised more than €32 million in funding and debt rounds since its inception. Click for more information.

Plan A received over €25.2 million in an investment round backed by companies such as Lightspeed Venture Partners and Visa.Click for more information.

MaestroHub offers infrastructure and data management platform for companies. According to the information obtained, Turkish startup received an investment of 505 thousand euros in the pre-seed investment round. Click for more information.

Media startup Electrify Video Partners announced that it has successfully raised $85 million in funding on YouTube from private equity firm Capital D. Electrify Video Partners was founded in 2021. Click for more information.

Vivante Health, the leader in digital digestive health, announced the closing of a $31 million Series B financing led by new investor Mercato Partners. Click for more information.

Mesh, a fintech solution that enables crypto transfers and payments, raised $22 million in Series A funding. Click for more information.

Secoda, a startup developing what it describes as an AI-powered data search and cataloguing platform, has received investment.  Click for more information.