Egypt’s ILLA raises $2M to diversify its offerings to FMCG value chain
Tage Kene-Okafor5:44 PM GMT+8•October 19, 2021Most FMCG brands rely on a combination of owned and outsourced assets to carry out delivery operations. The variety of both models brings about a fragmented logistics cycle and FMCGs can lose signi…
Gorillas grabs ‘close to’ $1BN, Series C values the on-demand grocery delivery biz at $2.1BN
Natasha Lomas5:30 PM GMT+8•October 19, 2021Berlin-based on-demand grocery delivery and dark store operator Gorillas has grabbed “close to” $1 billion in Series C funds, in the latest sign of the searing investor interest driving…
Xpeng-backed urban air mobility company, HT Aero, raises $500M
Rebecca Bellan5:00 PM GMT+8•October 19, 2021HT Aero, an urban air mobility (UAM) company that’s an affiliate of Chinese electric vehicle manufacturer Xpeng, has announced a $500 million Series A raise. The company will use the funds to…
SEC Form D filing reveals new $50M Sisu Game Ventures fund aimed at gaming startups
Mike Butcher4:00 PM GMT+8•October 19, 2021According to an SEC Form D filing, Sisu Game Ventures, a Pre-Seed and Seed fund which invests in gaming startups has raised a $50m first close of its new fund. However, the company declined to comm…
Supply chain-focused insurtech startup BondAval lands $7M from Octopus Ventures
Catherine Shu4:00 PM GMT+8•October 19, 2021For independent retailers, inventory financing is often a complicated and lengthy process that ties up their working capital. BondAval, an insurtech startup with offices in London and Austin, Texas…
Shipping platform Ankeri, which also calculates carbon emissions, closes €2M round
Mike Butcher3:01 PM GMT+8•October 19, 2021Over 90% of global shipped goods are transported by some 50,000 marine transport vessels. Even though shipping by sea is reasonably environmentally friendly, marine transportation still represents …
Frozen coffee startup Cometeer raises $35M Series B and launches its product in earnest
Haje Jan Kamps3:01 PM GMT+8•October 19, 2021Gloucester, Massachusetts-based Cometeer has been around for nine years. In that time, the company has built up a mad scientist’s lair worth of coffee scientists, equipment and processes to j…
Watch Google unveil the new Pixel live right here
Romain Dillet3:00 PM GMT+8•October 19, 2021Google is set to announce new Pixel phones today. The company is holding an event at 10 AM PT (1 PM in New York, 6 PM in London, 7 PM in Paris). And you’ll be able to watch the event right here as …
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Indian fintech CRED valued at $4 billion following $251 million fundraise
Manish Singh1:12 PM GMT+8•October 19, 2021Indian fintech CRED said on Tuesday it has raised $251 million in a new financing round, its third funding this year, at a valuation of $4.01 billion. Existing investors Tiger Global and Falcon Edg…
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Singapore-based Geniebook’s personalized learning platform raises $16.6M Series A
Catherine Shu10:30 AM GMT+8•October 19, 2021Founded in 2017, Geniebook is a Singapore-based learning platform that uses a combination of machine learning and human teachers to personalize each student’s education. The company announced today…
Primer raises $50M at a $425M valuation for a framework designed to help merchants build more powerful payment flows
Ingrid Lunden10:00 AM GMT+8•October 19, 2021Primer — a UK startup that has built a drag-and-drop framework to help merchants easily build payment stacks to sell online — has seen rapid take-up of its services in the 20 months sin…
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Maritime recruitment platform Seafair gets $5.7M led by General Catalyst
Catherine Shu9:00 AM GMT+8•October 19, 2021The people who work on shipping vessels are vital to world trade, but they still experience a lot of arcane hiring processes. Many lack transparency about important things like pay or even the work…
For second time, Lime announces adjusted EBITDA-profitable quarter
Rebecca Bellan7:47 AM GMT+8•October 19, 2021Shared micromobility operator Lime is on track for third quarter adjusted EBITDA profitability, marking this as the second profitable quarter in the company’s history, according to CEO Wayne …
Facebook tests a new option for cross-posting your Facebook feed posts to Instagram
Sarah Perez6:47 AM GMT+8•October 19, 2021Facebook already allows users to cross-post their Instagram Stories and Reels to Facebook. Now it’s testing a new feature that would see posts flowing in the other direction, too. The company…
Ford invests $316M to build electric power units at UK transmission facility
Rebecca Bellan6:39 AM GMT+8•October 19, 2021Ford Motor Company is investing $316 million (£230 million) to transform its Halewood, U.K. vehicle transmission facility into an electric power unit plant, making it Ford’s first EV componen…
Max Q: Steve Wozniak and Alex Fielding want to map space junk
Aria Alamalhodaei6:15 AM GMT+8•October 19, 2021Hello and welcome back to Max Q. It was a busy week for the space industry! Keep reading for news from Astra, Blue Origin, Varda Space and more. Tips, opinions, criticism, thoughts? Email me at ari…
Daily Crunch: New M1 chips, MacBook Pros and more debut at Apple’s ‘Unleashed’ event
Alex Wilhelm6:10 AM GMT+8•October 19, 2021Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Aiven snags $60M investment on $2B valuation, up from $800M in March
Ron Miller6:06 AM GMT+8•October 19, 2021Aiven, a Finnish startup that helps companies combine various open source technologies with public cloud infrastructure resources, announced a $60 million investment on a $2 billion valuation today…
Zopa raises $300M at a $1B valuation to expand its P2P lending and savings neobank in the UK
Ingrid Lunden5:30 AM GMT+8•October 19, 2021Another big infusion of cash from a major investor is making its way to a fintech out of the U.K. on the heels of strong growth. Today Zopa — a neobank with some 500,000 users in the U.K. whe…
Deep tech startups in need of funding should consider federal grants
Xipeng Shen5:14 AM GMT+8•October 19, 2021Applying for a federal grant doesn’t preclude you from accepting VC. What it does is diversify your fundraising mix and add a layer of credibility, which in the end helps you reach viability faster…
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