DeepDrive Secures €30M Series B Funding to Revolutionize EV Motors

In a significant advancement for the electric vehicle (EV) landscape, DeepDrive, a cutting-edge electric motor technology company, has successfully raised €30 million in a Series B funding round. This round was spearheaded by Leitmotif, an independent venture capital firm dedicated to decarbonization efforts across the U.S. and Europe, with notable participation from existing investors including…

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Raft Capital Management Launches €50M Fund to Boost Baltic and Nordic Business Growth

In a strategic move aimed at fueling regional growth and innovation, Raft Capital Management has unveiled its latest €50 million investment fund. This initiative by the Vilnius-based venture capital firm is set to empower burgeoning businesses across the Baltic States, while also eyeing opportunities in the Nordic countries and Poland. Raft Capital, known for its…

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Motion Secures $30 Million in Series B Funding to Empower Creative Strategists

Motion, the innovative creative analytics and research platform, has successfully raised $30 million in Series B funding, led by Inovia Capital with contributions from Threshold Ventures and existing investors including Headline, Abstract Ventures, and Sugar Capital. This latest funding round brings Motion’s total capital raised to $42 million, setting the stage for an accelerated product…

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Louise Vetter Appointed President and CEO of Lupus Foundation of America

The Lupus Foundation of America proudly announces the appointment of Louise Vetter as its new President and Chief Executive Officer, effective July 17, 2024. With a distinguished career in nonprofit leadership spanning over two decades, Vetter brings a wealth of experience and a personal commitment to advancing the mission of combating lupus. In her previous…

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Egyptian Fintech Startup Bokra Poised for MENA Expansion with Innovative Wealth Management Platform

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…

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Feon Energy Secures $6.1M Seed Round to Drive Breakthroughs in Advanced Battery Technology

Feon Energy, a pioneering startup specializing in advanced battery electrolytes, has announced the successful closure of a $6.1 million seed funding round aimed at advancing next-generation battery innovations. Led by Fine Structure Ventures and joined by prominent investors including Eight Roads, Foothill Ventures, MassVentures, EPS Ventures, and Valkyrie Fund, this funding will fuel Feon’s efforts…

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Rohlik Group Secures $170M to Expand Cutting-Edge Food Retailtech

Rohlik Group, a leading Czech food retailtech and online grocery company, has announced a significant milestone with the successful raise of $170 million in growth capital. This funding, which brings Rohlik’s total funding to over $780 million, underscores its position as a pioneer in the online grocery sector across the DACH (Germany, Austria, Switzerland) and…

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Heeler Secures $8.5 Million to Reimagine Application Security with Groundbreaking ProductDNA Technology

Heeler Security, a pioneering application security startup, has secured $8.5 million in seed funding to revolutionize how organizations secure their applications. Led by Norwest Venture Partners with significant participation from Storm Ventures, this investment fuels Heeler’s mission to address the growing crisis of real-time context in the software development lifecycle (SDLC). A Broken System Demands…

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Fermah Secures $5.2 Million Seed Funding to Transform ZK Proof Generation Landscape

In a significant development for the blockchain and cryptography sectors, Fermah, a pioneering universal proof generation platform, has successfully closed a $5.2 million seed funding round. The investment was co-led by the a16z CSX fund and Lemniscap, with contributions from notable investors including Bankless Ventures, Longhash Ventures, and several others. Among the distinguished angel investors…

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DOOR to Acquire HelloTech, Launching Comprehensive DOOR Services Nationwide

Latch, Inc., rebranding as DOOR, has announced its acquisition of HelloTech, Inc., a leading provider of on-demand, in-home technology support services. This strategic move marks the official launch of DOOR Services, leveraging HelloTech’s robust platform alongside technology obtained through Latch’s previous acquisition of Honest Day’s Work (HDW). DOOR Services will introduce a full suite of…

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