OCN, a leading fintech firm dedicated to enhancing financial access for gig workers, has successfully raised $86 million in its latest funding round. This substantial investment underscores OCN’s commitment to bolstering its technological capabilities and expanding its footprint in the burgeoning gig economy market across Latin America and the United States. Founded with a mission…
In a significant advancement for personalized technology, startup Convergence has successfully raised $12 million in Pre-Seed funding to launch its innovative AI agent, Proxy. Founded in April 2024 by seasoned machine learning engineers Marvin Purtorab and Andy Toulis, the company aims to transform the way individuals and businesses approach daily tasks, from managing work responsibilities…
In a significant leap forward for orthopedic advancements, ABANZA, a frontrunner in innovative soft tissue repair solutions, proudly announces the successful closure of its Pre-Series A funding round, amassing $5 million. This pivotal financial injection was spearheaded by a Family Office with a robust portfolio in medical device investments, complemented by contributions from private investors…
Verituity, a leader in intelligent payout solutions, has successfully closed an $18.8 million funding round led by Sandbox Industries and Forgepoint Capital, with participation from Ardent Venture Partners and MTech Capital. This funding infusion is set to propel Verituity’s growth across banking, insurance, mortgage servicing, and energy sectors, marking a significant stride in its mission…
Trampoline, an innovative B2B platform at the intersection of design and home décor, has successfully closed a $5 million Seed funding round, marking a significant milestone in its mission to redefine the global Home & Living market. Founded on the principle of democratizing access to design-led products traditionally reserved for larger retailers, Trampoline empowers independent…
Noze, the innovative leader in breath-based diagnostic technology, has secured a transformative $5 million equity investment from the Bill & Melinda Gates Foundation. This groundbreaking funding is notable as it represents the Gates Foundation’s inaugural equity investment in a Canadian enterprise. The new investment, part of an extended funding round, builds on previous grants totaling…
In a world where everything from ride-hailing to national defense hinges on uninterrupted positioning data, TERN is betting that the future of navigation won’t orbit the Earth. The Austin-based startup has raised $7.5 million in a seed extension round to scale its Independently Derived Positioning System (IDPS™) — a software-based navigation platform that delivers precise…
Melodi Health, a trailblazer in breast reconstruction technology, has achieved two significant milestones: the successful close of a $10.75 million Series A funding round and the commencement of the pivotal “ARIA” investigational device exemption (IDE) trial. The company’s efforts are centered on its groundbreaking device, the Melodi Matrix™, aimed at addressing post-surgical complications in breast…
Avassa, a pioneering Swedish edge application management and operations platform provider, has successfully closed a new investment round, welcoming H&M Group as a strategic investor. This collaboration aims to modernize IT operations in brick-and-mortar stores, marking a significant step in the retail sector’s evolution. The advent of edge computing is transforming enterprises by enabling data…
Nexio, an emerging leader in Bitcoin scaling solutions, has announced a successful $2.2 million pre-seed funding round. The company aims to transform Bitcoin’s scalability and efficiency with its cutting-edge parallelized rollup technology. The investment will expedite Nexio’s development of its groundbreaking Bitcoin rollup system, designed to address key limitations in the Bitcoin ecosystem. Nexio’s innovative…
