Cubbit, an innovative force in geo-distributed cloud storage solutions, has successfully raised $12.5 million in its latest funding round, co-led by prominent investors LocalGlobe and ETF Partners. This funding marks a significant milestone for the Italian company as it advances its mission to redefine data management across global industries. In a data-driven era where the…
London-based healthtech startup Cryogenx has successfully raised £800,000 in funding to advance its groundbreaking portable body cooling device, CGX1. This investment round includes a significant contribution of £150,000 from the British Design Fund, alongside support from existing shareholders, angel investors, and a US-based fund. Founded by Matt Anderson, Cryogenx aims to address the critical need…
Elixir Games, a trailblazer in the Web3 gaming sector, today announced a strategic investment from WEMIX, a global leader in blockchain technology and gaming platforms. This landmark collaboration marks a significant step towards advancing digital transformation within the gaming industry, providing crucial funding to bolster Elixir’s launcher platform and accelerate the development of new game…
DiaMedica Therapeutics Inc. (Nasdaq: DMAC), a pioneering biopharmaceutical firm renowned for its innovative approach to severe ischemic diseases, has announced a significant milestone today. The company successfully finalized agreements for a private placement offering, securing $11.8 million in gross proceeds from accredited investors. This strategic funding round underscores DiaMedica’s commitment to advancing clinical and product…
AIRNA, a cutting-edge biotech firm specializing in RNA editing therapeutics, has successfully closed an oversubscribed $60 million Series A financing round, pushing the total raised to $90 million. This investment, led by Forbion and supported by a prestigious group of investors including ARCH Venture Partners, Ono Venture Investment, Alexandria Venture Investments, and ND Capital, will…
In a strategic realignment aimed at consolidating its global investment businesses, Sun Life Financial Inc. has named Tom Murphy as President of its newly unified asset management division, Sun Life Asset Management. The move is set to bring all of the company’s asset management operations under one umbrella for the first time. Murphy, a seasoned…
N-Power Medicine, a trailblazer in redefining the clinical trial landscape, has announced a significant milestone with the closure of its Series B funding round, securing $72 million in total funding. Led by the Merck Global Health Innovation Fund, alongside a prominent U.S.-based healthcare investor, this funding infusion marks a pivotal moment for N-Power Medicine as…
Allora Labs, a pioneering force behind the Allora Network, has successfully concluded a strategic funding round, catapulting their total funding to an impressive $35 million. The recent infusion of capital marks a significant milestone as the company prepares for the imminent launch of its mainnet. Founded under the former name Upshot, Allora Labs has been…
Sungrow Power Supply Co., Ltd., a global leader in PV inverters and energy storage systems (ESS), has unveiled its latest innovations at Intersolar Europe 2024, showcasing the EMS3000 energy management system and iSolarBPS battery pre-diagnosis system. These advancements have captivated industry experts and attendees alike with their potential to revolutionize the renewable energy sector. The…
Egyptian fintech startup Bokra is set to redefine wealth management in the MENA region with a pioneering platform offering goal-based investment and saving products backed by asset-backed securities. Founded on principles of inclusivity, transparency, and social responsibility, Bokra aims to empower individuals and SMEs by democratizing access to sophisticated financial tools. Scheduled for launch in…
