Tech Funding News

🤖📊 Coatue Management, a technology-focused hedge fund with about $50 billion in assets, is raising $1 billion to invest in AI startups. According to Bloomberg, this new fund will come from Coatue’s flagship investors, including institutional investors and high-net-worth individuals from brokerage firms like Raymond James and Associates. 📈 Following the pandemic’s tech boom, Coatue’s investments in startups slowed significantly. According to PitchBook data, the firm invested in only 30 companies in 2023, compared to 170 in 2021 and 81 in 2022. As of 2024, Coatue appears to be aiming for a modest rebound, with 29 investments in AI-focused companies. 🤖 Read more here: https://lnkd.in/eff-e768 #tech #funding #news #VC #startup #technology #AI #investment #innovation

🤖🌌 BETA TECHNOLOGIES, a Vermont, US-based electric aerospace company, has landed $318 million in Series C equity capital. This oversubscribed financing round follows the $375 million Series B funding round raised in 2022 and brings the total raised to more than $1 billion to date. While the current valuation is yet to be disclosed, it is said to have increased the valuation relative to prior equity capital raises. 📈 QIA (Qatar Investment Authority), a global investment authority led the round alongside several existing investors, including Fidelity Management And Research Company and TPG Rise Climate, increasing their ownership in the company. In addition, Longtime customer United Therapeutics Corporation has also joined this round as an investor. 🤖 Read more here: https://lnkd.in/e7mEwaS9 Kyle Clark #tech #funding #news #investment #aerospace #innovation #technology

🇪🇪🛍 Miros, the Estonia-based leader in visual AI e-commerce solutions, has secured €6M in a pre-Series A funding round led by EBRD Venture Capital and Tera Ventures, with additional investment from former Estonian President Toomas Hendrik Ilves. 📈 This fresh capital will fuel Miros’ R&D efforts, furthering the development of its visual search technology to address the €2 trillion problem of lost e-commerce sales from unfulfilled customer searches. The funding will also support Miros’ aggressive market expansion, targeting both Europe and the U.S. 🤖 Read more here: https://lnkd.in/egu_KR6q Heikki Haldre Isaac Montaine Aziza Zakhidova Paul Pallin #tech #funding #news #VC #startup #technology #investment #innovation #Ecommerce

🇩🇪🚙 Berlin-based Xavveo, an innovative startup dedicated to improving autonomous vehicle (AV) sensor technology, has raised $8.6M in seed funding in a round co-led by Vsquared Ventures and imec.xpand. 📈 This capital infusion will propel the development of Xavveo’s photonic distributed radar system, which is designed to enhance AV reliability and safety in all weather conditions. Additionally, the funds will support Xavveo’s growth, including expanding its engineering team and forging partnerships with automakers and technology integrators. 🤖 Read more here: https://lnkd.in/es8NJwip Jonathan F. Sven Otte Stefan Meister Ulrich Keil #tech #funding #news #autonomous #mobility #technology #EUtech #EUstartup #VC #investment #innovation

💸📊 New York-based female-led VC firm BBG Ventures has closed a second $60 million fund, reported Fortune. Launched exclusively to back female founders, the company is now gearing up to back entrepreneurs from diverse backgrounds. 📈 It raised the capital from institutional investors, including the State of Michigan Retirement Services and Illumen Capital. This announcement coincides with the recent VC investments, including a new $350M fund by Chemistry VC and a £51M fintech fund by Outward VC. 🤖 Read more here: https://lnkd.in/ebRJ6QEr Nisha Dua Susan Lyne #tech #funding #news #startup #VC #investment #technology #innovation #womenintech

🇩🇪🤖 Plato, a Berlin-based AI-based ERP automation platform for wholesale distributors, has secured $6.5 million in pre-seed funding. The company is all set to transform the AI transformation of the $53 trillion global wholesale industry. 📈 The round was led by Cherry Ventures, with additional backing from the German government and C-level angels from tech giants, including Microsoft, SAP, NVIDIA, Celonis, Personio, sennder, and Forto. The new funding will be used to expand Plato’s team and scale its product across multiple large customers with thousands of sales representatives. 🤖 Read more here: https://lnkd.in/eukc7png Benedikt Nolte Matthias Heinrich Morales Oliver Birch #tech #funding #news #startup #VC #investment #innovation #EUtech #EUstartup

💸📱 Affirm, one of the popular players in the Buy Now Pay Later (BNPL) market, has forayed into the UK. The company headquartered in the US has made its entry into the new market as the UK government announced new rules to regulate the booming BNPL market. 📈 These new rules will come into effect in 2026 and require BNPL firms to carry out affordability checks on users before they provide a loan. The company’s expansion to the UK adds to its presence in the US and Canada. This will enable Affirm to further build upon its growing network of 50 million consumers and over 300,000 active merchants worldwide, including brands such as Amazon, Shopify, Walmart, and many more. 🤖 Read more here: https://lnkd.in/erAkku3P Poppy Gustafsson Niall Mackenzie CBE Brian Cleary Sam Argyle #tech #funding #news #BNPL #payments #fintech #startup #expansion #technology #investment

🇸🇪🩻 Yazen Health, a Swedish healthcare platform dedicated to combating obesity with modern weight loss medication and lifestyle changes, has raised €19.5 million in an oversubscribed Series A funding round. This is the largest round for a European startup prescribing GLP-1 drugs as part of its care in Europe to date. 📈 It was co-led by Evli Growth Partners and Helsana HealthInvest with participation from Almaz Capital and yabeo . Existing Swedish investors Luminar Ventures and Aggregate Media also supported the startup. 🤖 Read more here: https://lnkd.in/ebEFVuvf Mikael Hed Fredrik Meurling Magnus Nyhlen MD, Martin Carlsson #tech #funding #news #medtech #VC #startup #investment #innovation #technology

🇫🇷☁️ French-American scale-up Cintoo, a leading cloud-based reality data management solutions provider, secured €37 million in Series B funding. 📈 Partech led the round, which included existing investors AMAVI Capital and Armilar Venture Partners. The fresh capital will help Cintoo enhance its SaaS platform by expanding integrations and strengthening its offerings for the construction and industrial sectors. The company plans to accelerate its AI and Metaverse initiatives while growing its presence in the US and European markets. 🤖 Read more here: https://shorturl.at/4JAOn Dominique POULIQUEN Denis Thibaudin Anis Meftah Marc Antonini #tech #funding #news #metaverse #VC #investment #technology #EUtech #EUstartup

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