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European Investment Bank to boost funding for EU tech startups

Economic TimesEconomic Times ยท 11m ago
European Investment Bank to boost funding for EU tech startups
Medial

- The European Investment Bank proposes to support the EU venture capital and private equity markets to close the funding gap for innovative start-up companies. - The initiative aims to retain innovative start-ups in Europe, which often relocate to the United States due to easier access to financing. - The EIB will expand the European Tech Champions Initiative, a fund of funds that provides late-stage capital to European innovators. - The EIB will boost equity and venture debt investments and create a dedicated fund for financing acquisitions and listings of tech start-ups by European firms. - The goal is to ensure European companies and technologies stay in Europe, reinforce Europe's competitiveness, and meet climate goals by investing in new, climate-friendly technologies. - The funding strategy aims to strengthen Europe's capital markets, enhance their integration, and fund successful European companies.

House of Zelena raises Rs 7 Cr in Seed round

EntrackrEntrackr ยท 27d ago
House of Zelena raises Rs 7 Cr in Seed round
Medial

House of Zelena raises Rs 7 Cr in Seed round Mom-wear brand House of Zelena has raised Rs 7 crore ($800K) in a seed funding round co-led by Sprout Venture Partners and M Venture Partners, with participation from GSF and other angels. This round follows the companyโ€™s earlier angel round bringing the total fund raise to $1.2 million. The proceeds will be deployed towards strengthening supply chain capabilities, driving innovation across their various maternity apparel offerings, and deepening the brandโ€™s mom-first ecosystem through community-building and technology integrations, House of Zelena said in a press release. Co-founded in 2022 by Hina Priyadarshini and Mayank Kamal, House of Zelena aims to redefine maternity and postpartum wear by designing from the motherโ€™s perspective. Unlike baby-first brands, it focuses on womenโ€™s bodies, comfort, and their emotional journey. The brand has already introduced first-of-its-kind products such as postpartum sculptwear leggings, bump-friendly loungewear, and leakproof innerwear. Over the last two years, House of Zelena has built a thriving mom community of more than 2.5 lakh mothers across India and generated over 45 million monthly organic impressions across the brandโ€™s website. โ€œHouse of Zelena was born from that gap: to create clothing that adapts to womenโ€™s real needs, and an ecosystem that makes them feel supported, inside and out,โ€ said Hina Priyadarshini, co-founder of HOZ. The brand is also preparing to expand its offline engagement through community events and its upcoming SafeToFeed cafรฉ campaign. In September 2025, it will unveil a refreshed brand identity designed to deepen its connection with Indiaโ€™s growing mom community.

Stay up-to-date on the amount of venture dollars going to underrepresented founders

TechCrunchTechCrunch ยท 1y ago
Stay up-to-date on the amount of venture dollars going to underrepresented founders
Medial

Venture capital funding for women and Black/brown founders has historically been inadequate. In 2021, funding for Black founders reached record levels, but experienced a significant decline as DEI measures retreated. Women founders have consistently received around 2% of funding in recent years, while mixed-gender teams have seen increased funding. However, funding for solo women founders remains challenging. In addition to Black and women founders, other marginalized communities such as Latino founders and LGBTQ+ founders also face obstacles securing investor capital. Marginalized founders in Europe also share their experiences and aspirations to access the US market.

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