Good morning! Here’s what you need to know this Monday in tech startup news.
Four Indian startups selected for fifth edition of Google’s Launchpad Accelerator. BabyChakra, m.Paani, Niramai and SocialCops have been shortlisted for the fifth edition of Google’s Launchpad Accelerator. The four selected startups will receive equity-free support, credit and access to Google products, media training and also get to work closely with Google even after they return back home. According to Google, a total 30 startups have joined the Launchpad Accelerator so far.
Seemba is an Israeli startup that is bringing India’s small businesses online. Seemba is doing what Google and Facebook could not accomplish. The startup is leveling the technology playing field by bringing millions of Indian mom-and-pop stores online. The startup provides an easy-to-use payment app. More than 30,000 businesses across 4 continents currently use Seemba app to manage their business presence online, to find more customers and grow their revenues.
XinFin aims to standardize enterprise blockchains across industries. Singapore-based startup announced in a press release on Sunday that it seeks to change the current scenario where no real standardization of blockchains exists across the industry. XinFin offers to standardize enterprise-gate blockchains by providing a robust and customizable enterprise blockchain solution with applications across different trades.
J.P Morgan Chase completed the acquisition of WePay. Chase officially completed the acquisition of WePay. Chase first announced in October press release the company is acquiring WePay to fully integrate payments into software used by millions of small businesses. Chase and WePay did not reveal the total deal amount but sources said it is over $300 million.
Scottish B2B vacation rental advertising startup has raised £3 million seed round. Scotland-based startup TravelNest has raised £3 million from Pentech, Mangrove Capital Partners and Frontline Ventures. The company said the funding will be used to expand its engineering team and further the development of its product following early customer traction. The startup was launched early this year.
ftcash demonstrated its cashless payment at TechCrunch’s Startup Battlefield. ftcash is an India-based financial services startup that is helping micro-merchants and small to medium-sized businesses through financial inclusion using digital payments and loans. The startup demonstrated its new product at 2017 TechCrunch’s Disrupt Berlin Startup Battlefield.
Wineful receives funding from V7 Capital to launch first wine subscription. Romania-based startup Wineful has raised funding from Investment fund V7 Capital. Wineful received a first found of EUR 50,000. Wineful, launched in 2016 is a virtual community and online store for wine lovers who want to know more about wine.
Tel Aviv-based startup Guardian Optical Technologies raises $5.1 million. Tel Aviv-based car sensor startup Guardian Optical Technologies today announced it has received a $5.1 million Series A funding from Maniv Mobility and Mirai Creation Fund. The company plans to invest the money in research and development for its new automatic sensor system. The sensor system will include video image recognition, 3D depth-mapping, and motion detection.
Ascend Invests Over Euro 24 Million in Finnish Companies. Last week we reported the increased in number of private investment in Finish startups. Today, Ascend Capital Partners today announced an investment of over Euro 24 million in four early stage Finnish technology companies. This investment round will focus on the healthcare and automotive industries.
New York-based startup NYC Train Sign takes inspiration from subway delays and creates personal countdown clocks for MTA riders. Never miss the train, stock price, or weather change. The New York-based startup makes countdown signs for stores and even homes. The signs are made from a handmade LED matrix sign that displays useful, real-time public data, customized to your home or business.