November 14, 2024
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Up-to-date information about the latest startup funding.

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Fintech startup Brex is hemorrhaging $17 million a month, sparking concerns about future growth
Nickie Louise Posted On January 29, 2024


Brex, a fintech startup known for offering corporate credit cards to startups, is facing some challenges. The news comes at a time when startups are struggling to raise funding due to the worsening global economic conditions and high interest rates. […]


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Elon Musk denies Financial Times report of xAI’s $6 billion fundraise; “xAI is not raising capital,” Musk says
Daniel Levi Posted On January 26, 2024


Earlier today, we covered a story first reported by the Financial Times (FT) that Elon Musk’s AI startup X.AI is seeking to raise $6 billion in funding with a suggested valuation of $20 billion. However, Musk has now contradicted this […]


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Musk’s AI startup X.AI to raise $6 billion in funding at a proposed valuation of $20 billion
Nickie Louise Posted On January 26, 2024


Elon Musk’s AI startup, xAI, is reportedly in discussions to secure up to $6 billion in funding, with a proposed valuation of $20 billion, as Musk seeks to rival OpenAI, the Financial Times reported on Friday. If successful, this funding […]


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Robotic kitchen startup Aniai secures $12 million in funding to bring its burger-cooking robot to restaurants
Nickie Louise Posted On January 24, 2024


Aniai, a New York-based robotic kitchen startup, announced today it has raised $12 million in pre-Series A funding for its hamburger-grilling robot, Alpha Grill. The funding round, led by InterVest, a prominent venture capital firm in South Korea, brings Aniai’s […]


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Plural, a venture firm launched by Wise and Skype founders, secures $436 million for new fund targeting European tech startups
Nickie Louise Posted On January 23, 2024


For over a decade now, Europe has been trailing behind the United States in terms of startup funding. However, there’s a promising shift on the horizon, as a team of seasoned entrepreneurs, the brains behind Wise and Skype, is gearing […]


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Flexport secures $260 million in funding from Shopify following a 20% job cut
Nickie Louise Posted On January 23, 2024


Flexport, the struggling logistics startup that faced challenges and had to implement job cuts last year to reduce costs, has received a  significant financial boost. Flexport announced it has secured $260 million in funding through uncapped convertible notes from the […]


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New Zealand-based startup Marama Labs raises €1.75m for hazy wine tech scale-up and life sciences entry
Nickie Louise Posted On January 22, 2024


Marama Labs, a deep-tech startup based in New Zealand and Ireland, has raised €1.75 million in funding. The oversubscribed seed-plus round was led by European agritech investor The Yield Lab. The round also saw participation from existing investors including New […]


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Voice AI startup ElevenLabs reaches unicorn status with $80 million Series B raise
Nickie Louise Posted On January 22, 2024


Artificial intelligence (AI) startup ElevenLabs announced on Monday it has raised $80 million in Series B funding. The round was led by venture capitalist Andreessen Horowitz, with participation from entrepreneurs Nat Friedman and Daniel Gross, along with others, including Sequoia […]


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AI startup Cohere in talks to raise between $500 million to $1 billion in new funding, sources
Nickie Louise Posted On January 19, 2024


Cohere, a Toronto-based AI startup specializing in AI foundation models, is currently in talks with investors to secure funding in the range of $500 million to $1 billion, according to an insider who shared the information with Reuters on Friday. […]


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TrusTrace, a Stockholm-based SaaS startup, raises $24 million in funding to expand its global footprint
Nickie Louise Posted On January 18, 2024


TrusTrace, a Stockholm-based SaaS startup and provider of product traceability and compliance, has secured $24 million in growth funding. The funding round was led by Circularity Capital, a specialist investor in businesses contributing to the circular economy, and saw participation […]


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Fintech startup Kashable scores $25.6M in funding to boost employee financial wellness
Daniel Levi Posted On January 18, 2024


Financial well-being is becoming a major concern for businesses, as financially stressed employees are more likely to be stressed, unproductive, and absent from work. Recognizing this issue, one fintech startup has made its mission to equip employees with tools and […]


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JPMorgan leads a $300M investment in Honeywell’s quantum computing spin-off Quantinuum, now valued at $5 billion
Nickie Louise Posted On January 16, 2024


Quantinuum, a Honeywell’s quantum computing spin-off, has raised $300 million in new funding led by Wall Street giant JP Morgan. Honeywell International announced on Tuesday that Quantinuum closed a $300 million equity funding round at a $5 billion pre-money valuation The […]


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Stellantis invests in French sodium-ion battery startup Tiamat to bolster its EV push
Nickie Louise Posted On January 12, 2024


Stellantis, the world’s third-largest automaker, announced on Friday its investment in the French sodium-ion battery startup Tiamat as part of a broader effort to diversify its portfolio and ramp up the production of electric vehicles while minimizing reliance on scarce […]


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Ripple to buy back $285M shares from early investors and employees, valuing the crypto startup at $11 billion
Daniel Levi Posted On January 10, 2024


Ripple Labs, a crypto startup best known for its XRP coins, is buying back $285 million worth of company shares from early investors and employees, according to information from two reliable sources cited by Reuters. The deal, referred to as […]


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33N Ventures closes €50M for its cybersecurity and infrastructure software fund to invest across the globe
Nickie Louise Posted On January 10, 2024


33N Ventures, a European venture capital fund specializing in cybersecurity and infrastructure software, has successfully closed €50 million for its 33N Cybersecurity and Infrastructure Software Fund. The fund, with a target size of $150 million, aims to invest globally in […]


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Dutch online grocery startup Picnic secures $388 million in funding for European expansion
Nickie Louise Posted On January 9, 2024


Dutch online grocery disruptor Picnic announced Tuesday that it secured 355 million euros (equivalent to $388.02 million) in funding from its investors to expand its operations in both France and Germany. Notable backers in this funding round include The Bill […]


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Perplexity AI raises $73.6 million in funding from Nvidia and Bezos; now valued at $520 million
Nickie Louise Posted On January 4, 2024


Artificial intelligence startup Perplexity AI has raised $73.6 million in a Series B funding round from a group of new investors including U.S. chip designer Nvidia and Amazon founder Jeff Bezos (through Bezos Expeditions Fund). The round, which values the […]


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The Messenger, a digital news startup founded by media executive Jimmy Finkelstein, to lay off staff after raising $50 million in funding
Nickie Louise Posted On January 4, 2024


The Messenger, a digital news startup founded by a seasoned media investor and entrepreneur who previously owned The Hill, is reportedly set to lay off around two dozen employees this week due to financial challenges and diminishing cash reserves, according […]


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The blueprint for raising capital in a challenging VC market
Daniel Levi Posted On January 3, 2024


Global venture capital activity in the third quarter of 2023 experienced another decline, despite a late-stage rebound fueled by significant deals in the field of artificial intelligence. Crunchbase data reveals that global venture funding dropped to $19.2 billion in November, […]


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Canva nears $1 billion stock sale for employees and investors, amidst a surge of private deals
Nickie Louise Posted On January 3, 2024


Canva, the design software startup, is reportedly in the final stages of negotiating a deal that would allow long-serving employees and investors to sell over $1 billion in stock to new investors, amidst a surge of private deals. This move […]


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