What happened in the startup ecosystem this week? 29

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: NomadVibe Received Investment with a Valuation of $ 1 Million

Startups that received investment

QSoft offers solutions to companies with its RPA and Chat Bot supported platform. According to the information obtained, it received an investment of TRY 100 million in the first round. Click for more information.

Salus, a Turkish health startup building a comprehensive preventive health world, announced that they have received an investment of 4.7 million dollars in Northzone’s investment round in Turkey. Click for more information.

Igor, a Turkish startup offering banking and payment services, announced that it has received investments worth over $8.5 million. Click for more information.

Matsmart-Motatos is tackling food waste with a €40 million investment led by Circularity Capital. Matsmart solves the problem of waste in the food supply chain by sourcing and reselling surplus products that traditional retailers cannot buy. Click for more information.

AI21 Labs Ltd., a startup providing cloud-based broad language models for developers, announced that it has raised $53 million in new funding. Click for more information.

Layer AI is the latest startup to raise $1.8 million to bring AI to the art of gaming. Layer AI has raised a round of venture capital funding from investors such as The Games Fund to create a state-of-the-art AI-powered productivity tool. Click for more information.

Finnish biotech growth company Linio Biotech has announced a new investment round of EUR 4.2 million, bringing the company’s total financing to over EUR 9 million. Click for more information.

Milan-based vertical farming startup Planet Farms has raised $40 million in funding at a valuation of $500 million. Click for more information.

NomadVibe, the digital nomadism-focused new generation media company of Erdem Şentunalı, former co-founder of Swipeline, one of Turkey’s fastest growing new generation media companies that publishes in the fields of entrepreneurship, startups and technology, has received an investment at a valuation of $ 1 million. Click for more information.

What's new this week

Aonic has acquired UK-based virtual reality games publisher and developer nDreams in a $110 million deal. It will further advance Aonic’s position in the VR games market. It will add nDreams to a stable market already home to UK-based digital game and animation development studio Milky Tea and Germany’s Exmox, a game-focused performance marketing network. In late March 2022, Aonic acquired a minority stake in nDreams with an investment of $35 million. This, in turn, helped nDreams acquire Brighton-based immersive gaming studio Near Light. Click for more information.

Despite taking a year and a half, Broadcom (AVGO) has finally acquired rival software firm VMware (VMW). The closing of the $69 billion deal, first announced in May 2022, had been delayed three times by regulators concerned that the merger would reduce competition. The $69 billion acquisition was completed with regulatory approval from China, the last major market. There were concerns that the deal would not materialise due to tensions between the US and China over President Joe Biden’s new export sanctions on technology products. These tensions eased somewhat after President Biden met with Chinese leader Xi Jinping at an economic co-operation conference in California last week. Click for more information.

CoinGecko plans to strategically acquire data monitoring and infrastructure provider Zash to provide users with new features and facilitate access to NFT data. Zash provides institutional-grade, indexed NFT data across 87 unique markets across Ethereum, Polygon, Binance Smart Chain, Solana and Bitcoin Ordinals. This acquisition strengthens CoinGecko’s commitment to providing reliable, accurate and comprehensive cryptocurrency data. Click for more information.

Kinterra Capital invests in important critical mineral assets required for the energy transition. It is also a private equity firm that invests in and develops strategic infrastructure. According to the information conveyed, it has created a new fund of 565 million USD. It should be noted that with USD 565 million of committed capital, it has exceeded its USD 500 million target. Co-Founders and Managing Partners Cheryl Brandon and Kamal Toor have previously co-invested in Kinterra’s target sectors in more than 40 transactions. They also have a 15-year track record in private equity. Click for more information.