What happened in the startup ecosystem this week? 21

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: Toruk MAGIC Deep Tech Receives Investment from Business Person Sinem Dede

Startups that received investment

KfobiX is a Turkish nanotechnology startup developing micro-nano composite coatings and advanced materials. The startup announced that it has received investment. It was reported that it received a seed investment of 275 thousand dollars. Click for more information.

In its first investment round, Enqura received an investment of 2.9 million dollars with a participation above its target. Click for more information.

Traceless, the green startup producing biological materials, announced the successful completion of a 36.6 million euro financing round. Click for more information.

Continuum Industries stands out as a company that supports the global energy transition by accelerating infrastructure development processes using artificial intelligence. The company received an investment of 9.4 million euros in a round led by Singular. Click for more information.

Memotive increases employee loyalty and company efficiency by digitalising the human resources and administrative affairs processes of corporate companies end-to-end. According to the information obtained, it received investment at a valuation of $ 4 million. Click for more information.

GeologicAI, a global leader in digital rock analytics, receives investment. The $10 million investment round was led by Export Development Canada. Click for more information.

Kolena, which conducts testing studies on machine learning and artificial intelligence models, announced that it has received an investment of $ 15 million. Click for more information.

Ankara-based solarVis offers digitalisation solutions for the solar energy sector. It is worth noting that it closed its first investment round with a valuation of $ 3.3 million. Click for more information.

Electric boat manufacturer Arc received $70 million in a series B investment round. Participants in the $ 70 million B series investment round include Menlo Ventures. Click for more information.

Toruk MAGIC Deep Tech is one of the companies of Teknopark Istanbul’s Beyoğlu Incubation Centre Cube Beyoğlu. According to the information obtained, it received investment. It is worth noting that it has received an investment of 2.5 million dollars from Sinem Dede, a business person operating in the field of mobile electronics and communication devices trade.  Click for more information.