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All Things Baby, Ikin Global, BitSave, DevX secure early-stage cheques
VCCircle
·
8m ago
Medial
Indian companies All Things Baby, Ikin Global, BitSave, and DevX have secured early-stage funding. All Things Baby, a platform for mother and baby products, raised Rs 30 crore ($3.6 million) in a Series A funding round led by Inoventures and Richa Choksi. Ikin Global, an IoT smart lock brand, raised $1 million in a pre-Series A round, led by Unicorn India Ventures and Callapina Capital. BitSave, a crypto investment platform, secured an undisclosed amount in a pre-Series A round, led by Leo Capital. DevX, specializing in headless commerce solutions, secured pre-seed funding led by Avinya Ventures.
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GalaxEye, CynLr, Heliware secure early-stage cheques
VCCircle
·
8m ago
Medial
Spacetech startup GalaxEye, deeptech robotics startup CynLr, and 3D geospatial platform Heliware have secured early-stage funding. GalaxEye raised $10 million in a Series A funding round, allowing them to accelerate the development of their satellite mission for delivering high-resolution, all-weather data. CynLr raised $10 million in a Series A round, which will be used to expand their team and research capabilities. Heliware secured $0.5 million in pre-Series A funding to support the launch of their new products. These investments will further the growth and development of these innovative companies.
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MENA Digest: BioSapien, Ebana, five others nab funding cheques
VCCircle
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6m ago
Medial
The Middle East and North Africa saw significant early-stage funding activity, with startups in UAE, Saudi Arabia, and Egypt securing investments. Key deals include Saudi fintech Ebana's $2.66M and UAE healthtech BioSapien's $7M funding. Egyptian logistics platform Fincart and Saudi edtech UpLevel also received funds, while Egyptian Dsquares acquired a stake in Prepit. Other notable fundraisers include UAE's Maalexi and Silkhaus, and Saudi services platform Nabeeh, all aiming to expand operations and enhance their offerings.
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Advance Mobility, iRasus, Uravu, SportsSkill rake in early-stage cheques
VCCircle
·
9m ago
Medial
Fleet operator Advance Mobility, energy analytics company iRasus Technologies, sustainable water infrastructure startup Uravu, and sports-tech startup SportsSkill have all recently secured early-stage funding. Advance Mobility raised $3 million, iRasus raised Rs 4 crore, Uravu's funding round was led by AWE Funds, and SportsSkill received undisclosed funding from WestBridge Capital co-founder KP Balaraj. These funds will be used to scale operations, expand market presence, and further develop their respective technologies and solutions.
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Zeelab, Cancrie, Raaz, Exsure, Spare8 bag early-stage cheques
VCCircle
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6m ago
Medial
Zeelab Pharmacy, Cancrie, Raaz, Exsure, and Spare8 recently secured early-stage funding to support expansion and technological development. Zeelab raised $2.4 million to enhance retail and delivery operations. Cancrie acquired $1.2 million for scaling production and R&D in energy storage. Raaz obtained $1 million for platform enhancement and outreach. Exsure raised Rs 3 crore for global expansion in biotech solutions. Spare8 received undisclosed funds to broaden its fintech offerings and expand its distributor network in India.
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Moove backer LoftyInc onboards offshore LP for latest fund
VCCircle
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6m ago
Medial
LoftyInc Capital, a pan-African early-stage venture capital firm, is poised to receive a commitment from an offshore limited partner for its latest investment fund. Headquartered in Lagos, LoftyInc is known for backing companies like global mobility fintech Moove. According to VCCircle, the firm is likely to secure investment from the World Bank’s private investment arm, International Finance Corporation, enhancing its capacity to invest in promising early-stage startups across the continent.
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Early-stage venture funding bounces back but Series A cheques far below the peak
VCCircle
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3m ago
Medial
Early-stage venture capital funding for Indian startups has rebounded, reaching pre-pandemic levels with nearly one startup receiving funding every eight hours in the first three months of the year, according to VCCEdge data. However, Series A funding amounts remain significantly below their peak. Although funding activity surged during 2021-22, current Series A investments have yet to return to those highs, indicating some caution among investors despite the overall improvement in early-stage funding momentum.
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Consint.AI, Spintly bag early-stage cheques
VCCircle
·
6m ago
Medial
Consint.AI and Spintly have secured early-stage funding to expand their operations. Consint.AI, a healthcare insurance fraud and risk management platform, raised ₹5 crore to enhance its AI-driven solutions and infrastructure. The funds will support scaling operations and developing its AI Feature Suite. Spintly, specializing in access control and smart building solutions, secured ₹3.5 crore to expand its market presence and enhance its technology through AI and machine learning. Both companies aim to advance their innovative solutions.
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Probus, Healthfab, Agrilectric bag early-stage cheques
VCCircle
·
5m ago
Medial
Probus, Healthfab, and Agrilectric have secured early-stage funding. Probus, focused on smart grid technologies, raised $5 million in a Series A round led by Unicorn India Ventures. Healthfab, known for reusable period panties, raised $1 million in a pre-Series A led by Mistry Ventures. Agrilectric secured $100,000 for developing electric-powered farming solutions. These firms aim to utilize the funds to enhance product development, market reach, and technological advancements in their respective sectors.
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Guestara, NumberOne, Flo Mobility bag early-stage cheques
VCCircle
·
7m ago
Medial
Guestara, NumberOne Academy, and Flo Mobility have secured early-stage investments. Guestara, an AI-driven guest management platform, raised $500,000 to enhance product development and expand hotel partnerships. NumberOne Academy received Rs 3 crore to broaden its business course offerings in regional languages. Construction robotics company Flo Mobility received seed funding to expand internationally, hire talent, and advance construction automation solutions. These startups aim for growth in their respective sectors with the new investments.
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Babynama, PlaySuper, three others pocket early-stage cheques
VCCircle
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5m ago
Medial
Babynama, PlaySuper, Astra Security, Sisters in Sweat, and Basil Alliance have secured early-stage funding to expand their operations and growth strategies. Babynama, a paediatric care platform, garnered $700,000 led by Good Capital. PlaySuper, a gaming commerce company, raised $500,000 to expand its market reach. Astra Security, a cybersecurity firm, secured funds to enhance AI capabilities. Sisters in Sweat and Basil Alliance also obtained undisclosed investments to broaden their presence and offerings in respective markets.
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