What happened in the startup ecosystem this week? 34

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: Perplexity AI Receives $73.6 Million Investment

Startups that received investment

According to the information conveyed, Lumian received pre-seed investment from DOMiNO Ventures and İsmail Ferhat Özlü with a valuation of $ 3.2 million. Click for more information.

Estonia-based fintech startup Money.Industries received investment at a valuation of $1.5 million. Money.Industries mediates domestic fintechs to provide services across borders. Click for more information.

Indian startup Revfin, which provides financing in the field of electric vehicles, received an investment of $ 14 million. Click for more information.

Turkish digital key startup Newky receives investment. Arz Portfolio invested in Newky with the 4th Venture Capital Investment Fund, which was launched in cooperation with Informatics Valley. Click for more information.

In the legal sector, demand for productive AI is growing rapidly. Robin AI, an AI-powered legal co-pilot, announced that it has raised $26 million in new funding. Click for more information.

Apollo Therapeutics, a Cambridge-based biopharmaceutical startup, has received investment. In December, it closed the second closing of its Series C round with an additional $33.5 million. Click for more information.

egaranti, which digitalizes warranty documents, received TL 18 million investment in its seed investment round on Startup Burada. Click for more information.

B2Metric, which creates action plans based on predictions and insights by making sense of brands’ user behavior data with artificial intelligence and machine learning technologies, received an investment of 1.25 million dollars in the investment round led by Simya VC. Click for more information.

Radionetics Oncology announced the completion of a $52.5 million Series A financing. Click for more information.

Exar received an investment at a valuation of 2.4 million dollars. Click for more information.

Nalu Medical, which works on the treatment of chronic pain, received an investment of $ 65 million. Click for more information.

New York VC firm Exponent Founders Capital has launched a new $75 million fund. Click for more information.

The highlight of the news was Perplexity’s successful completion of its Series B, which raised $73.6 million. Click for more information.