Qblox, a pioneering quantum technology firm renowned for its advanced quantum control stacks, has announced the successful closure of a $26 million Series A funding round. The investment, led by Quantonation and Invest-NL Deep Tech Fund, with participation from QDNL and the European Innovation Council (EIC), marks a significant milestone in Qblox’s journey towards advancing…
iOnctura, a pioneering biopharmaceutical company specializing in innovative cancer treatments, has secured EUR 80 million in Series B financing. This milestone funding round, led by Syncona Limited with participation from the European Innovation Council (EIC) Fund and existing investors, underscores iOnctura’s transformative strides in oncology. The investment will accelerate the development of iOnctura’s lead candidate,…
In a significant shift of financial tides, Saudi Arabia has emerged as the foremost issuer of international debt among emerging markets, displacing China from its long-held position. This milestone marks the culmination of the kingdom’s accelerated global borrowing campaign, bolstered by investor confidence in Crown Prince Mohammed bin Salman’s transformative Vision 2030 initiative. Data from…
Stockify Fintech, a dynamic player in India’s fintech landscape, has announced bold expansion plans with the unveiling of a new office in Kolkata, slated to commence operations in July 2024. This strategic move aims to fortify Stockify’s foothold in eastern India, aligning closely with its ambitious revenue target of $20 million for the current fiscal…
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…
In a groundbreaking move set to redefine Dubai’s technological landscape, Polynome Group, a leading UAE-based technology firm, has announced the launch of a visionary $100 million fund dedicated to advancing AI startups. This strategic initiative, unveiled during the prestigious AI Retreat organized by the Dubai Centre for AI Applications in collaboration with the National Programme…
Global Millennial Capital (GMCL), a prominent UAE-based investment firm specializing in tech startups, is setting its sights on Bengaluru, India’s bustling tech hub, for its next phase of strategic investments. Founded in 2021 by Andreea Danila, GMCL has swiftly carved a niche in the global investment landscape, focusing on pioneering technologies and intellectual property-driven businesses….
Arcadia Finance, a pioneering litigation funding firm specializing in commercial litigation and arbitration, announced its official launch today with a robust commitment of over $100 million in investment capital. Founded by seasoned veterans David Kerstein, Ronit Cohen, and Joshua Libling, Arcadia aims to revolutionize the legal financing landscape with customized solutions and extensive industry experience….
Zencity, a prominent community engagement platform serving the local government sector across four continents, has secured a significant $40 million investment in its Series C funding round led by StepStone Group. This latest infusion of capital, which includes participation from existing investor TLV Partners, brings the total raised by the company to $91 million and…
Celcoin, a pioneering force in the Banking as a Service (BaaS) sector of Brazil’s financial technology landscape, has announced a substantial milestone with the closing of a US$125 million investment round led by Summit Partners, a global growth equity firm. This funding round also includes participation from existing investor Innova Capital and financial technology executive…
