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Sugar.fit secures additional $5M in Series A

Inshorts · 1y ago

Sugar.fit secures additional $5M in Series A

Healthtech startup Sugar.fit has secured an additional $5 million in Series A funding led by B Capital, bringing the total funding raised in the round to $16 million. Existing investors MassMutual Ventures, Tanglin Venture Partners, Endiya Partners, and Cure.Fit also participated in the round.

Related News

Sugar.fit Nets $5 Mn To Ramp Up Tech Stack, Product Portfolio

Inc42 · 1y ago

Sugar.fit Nets $5 Mn To Ramp Up Tech Stack, Product Portfolio

Bengaluru-based healthtech startup Sugar.fit has raised an additional $5 million in extended Series A funding, bringing the total to $16 million. Founded in 2021, Sugar.fit offers diabetes management and reversal through a data-centric approach. The company plans to use the funding to expand its technology stack and product range, increase brand presence, and accelerate research and development efforts. The startup has served over 30,000 users and operates seven diabetes clinics in Bengaluru. Investors in Sugar.fit include B Capital, MassMutual Ventures, CureFit, Endiya Partners, and Tanglin Venture Partners.

Decoding healthtech startup Sugar.fit’s Series A funding round

Entrackr

Entrackr · 1y ago

Decoding healthtech startup Sugar.fit’s Series A funding round

Diabetes management startup Sugar.fit has secured $11 million in a Series A funding round led by MassMutual Ventures. The funding will be used to expand the company's product offering, establish an offline presence, and further research and development in the field of diabetes management. The company has been valued at approximately $60 million post-money, and has raised a total of $21 million across two funding rounds. Sugar.fit provides a comprehensive diabetes care program, integrating various devices and offering access to specialists and health coaches.

Sugar.fit, Indicold secure early-stage funding

VCCircle

VCCircle · 1y ago

Sugar.fit, Indicold secure early-stage funding

Sugar.fit, a healthtech startup focused on managing and reversing diabetes, has raised $5 million in its ongoing Series A funding round, bringing the total to $16 million. The funding, led by B Capital and participated by MassMutual Ventures and existing investors, will be used to expand the company's technology and product offerings, enhance brand presence, and improve research and development in diabetes management. Meanwhile, cold storage and warehousing solution provider Indicold has raised an undisclosed amount in a pre-Series A funding round from Fundalogical Ventures to support technology development, expansion, and hiring efforts.

Altavo Closes €5M Series A Funding

Finsmes · 1y ago

Altavo Closes €5M Series A Funding

German AI-based voice rehabilitation company, Altavo, has raised €5 million in Series A funding. The funding round was led by Occident and saw participation from Novalis Biotech, Beteiligungsmanagement Thüringen, TGFS Technologiegründerfonds Sachsen, High-Tech Gründerfonds (HTGF), Saxonia Systems Holding, and TUDAG TU Dresden AG. Altavo plans to utilize the funds to accelerate growth, product development, conduct pivotal clinical trials, and expand internationally. The company is developing Artificial Voice, a medical device that helps individuals who have lost their voice regain a natural-sounding voice using non-invasive radar sensing and neural net architectures.

EV charging startup Electra secures $330 million

TechCrunch · 1y ago

EV charging startup Electra secures $330 million

Paris-based electric vehicle charging startup, Electra, has raised a whopping $330 million (€304 million) in a Series B round, entirely in equity. Electra focuses on fast-charging stations and already has 172 active stations with nearly 1,000 charging points in France. The company plans to roll out an additional 105 stations and aims to deploy 15,000 charging points across 2,200 stations by 2030. The funding round was led by Dutch pension fund service provider PGGM and Bpifrance's Large Venture fund, with the participation of existing investors. Electra's competitors include Ionity and EVPassport.

Sugar.fit raises $5 Mn more in Series A led by B Capital

Entrackr

Entrackr · 1y ago

Sugar.fit raises $5 Mn more in Series A led by B Capital

Sugar.fit, a healthtech focused on type 2 diabetes and prediabetes, has raised $5 million more in its Series A round led by B Capital with participation from MassMutual Ventures and existing investors including Tanglin Venture Partners, Endiya Partners, and Cure.fit (now Cult.fit). In October last year, the startup had raised $11 million in its Series A round led by MassMutual Ventures. The new capital will be used to expand Sugar.fit’s technology stack and product range, increase brand presence, and speed up research and development in diabetes management, the company said in a press release. Founded by Madan Somasundaram, Sugar.fit offers a diabetes care program that combines innovative technology with personalized human interventions. Diabetes doctors and nutritionists use devices such as continuous glucose monitors, fitness trackers, and health diagnostics to monitor the real-time impact of users’ lifestyles on their glucose levels. In the last 18 months, the brand claims to have witnessed significant growth in paid subscribers, currently serving more than 30,000 users on its platform. The brand has also established an omnichannel presence, starting in Bengaluru, and now operates seven diabetes clinics with doctors in diabetes care across the city.

LoanTap Secures INR 74 Crore to Boost MSME Credit Access

StartupTalky

StartupTalky · 1m ago

LoanTap Secures INR 74 Crore to Boost MSME Credit Access

LoanTap has raised INR 74 crore in a pre-Series C funding round to enhance its supply chain financing for MSMEs, especially small retailers in vital sectors. Led by July Ventures and featuring existing investors, the equity raised stands at INR 54 crore, with an additional INR 20 crore through venture debt. LoanTap's BICRI tool aids retailers' credit assessment, promoting inclusive growth. It plans to expand its reach to over 2 lakh retailers and fund a million invoices in the coming year.

Healthtech startup Sugar.fit raises $5 million in funding round led by B Capital

Economic Times

Economic Times · 1y ago

Healthtech startup Sugar.fit raises $5 million in funding round led by B Capital

Healthtech startup Sugar.fit has secured $5 million in funding in a round led by B Capital. The company aims to manage and reverse type 2 and pre-diabetes through its personalized diabetes management program, which combines technology and human interventions. The funds will be used to expand its offerings, enhance brand visibility, and accelerate research and development in diabetes management. Currently serving over 30,000 users, Sugar.fit operates through its Bengaluru clinics and plans to further establish its presence in other metropolitan cities. The investment reflects the growing need for effective solutions in managing chronic conditions like diabetes in India.

SkyDrive secures additional funding its series C round from Suzuki motor corporation

OutlookIndia

OutlookIndia · 1y ago

SkyDrive secures additional funding its series C round from Suzuki motor corporation

Japanese eVTOL aircraft manufacturer, SkyDrive, has secured additional funding for its Series C round from Suzuki Motor Corporation. This investment will help accelerate the development and manufacturing of the company's electric vertical takeoff and landing (eVTOL) aircraft and support its business expansion in India. SkyDrive and Suzuki jointly exhibited at the Global Trade Show during the Vibrant Gujarat Global Summit 2024. SkyDrive aims to make eVTOLs accessible for daily transportation in Japan and worldwide, with plans to begin production in spring 2024.

Mubadala-backed unicorn Tabby secures $700m debt financing from JP Morgan

Startup News FYI

Startup News FYI · 1y ago

Mubadala-backed unicorn Tabby secures $700m debt financing from JP Morgan

Tabby, the Mubadala-backed buy now, pay later platform, has raised $700 million in debt financing from JP Morgan through receivables securitization, strengthening its position in the growing BNPL market of the Middle East. The Riyadh-based startup also secured an additional $250 million in its extended Series D funding round from Hassana Investment Company, Soros Capital Management, and Saudi Venture Capital. These funds will support Tabby's expansion plans and its future unicorn IPO in Saudi Arabia. The global BNPL market is expected to reach $565.8 billion by 2026.

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