Funding

Round Treasury, an all-in-one banking and treasury platform built for founders and CFOs, has secured $2.1 million in a pre-seed funding round. Passion Capital, known for backing Monzo Bank, Tide Banking, and GoCardless, led the round, with additional investment from Tiny VC, Ascension, Samos Investments, and Entrepreneur First.

RedTrack, an AI-powered analytics and automation platform for media buyers, has secured $3.2 million in Series A funding, led by LeadVentures with backing from InstaVC, IronWolfCapital, and angel investor Balazs Gandera. RedTrack’s platform currently tracks 60,000 ad accounts, generating over $2 billion in revenue for more than 800 businesses, including ecommerce stores and marketing agencies.

Europe is at risk of missing out on innovative early-stage spacetech companies if it continues its current rate of capital allocation.

Toyota Motor Corporation has announced plans to inject $500 million into Joby Aviation, the electric air taxi developer, as part of a larger effort to bring air mobility closer to reality. The investment is aimed at supporting the certification process and scaling up the commercial production of Joby’s electric air taxis.

Proteine Resources, a biotech company based in Poland, has secured €1.36 million in funding from SMOK Ventures and Bitspiration Booster VC, bringing its total raised to €1.8 million. Focused on revolutionising the animal nutrition sector, the company is pioneering the sustainable production of insect protein, aiming for €62 million in annual revenue by 2030.

Perlego, the subscription-based digital library offering unlimited access to academic content, has raised $20 million in a funding round led by former Tesco CEO Sir Terry Leahy. ITHAKA, the organisation behind JSTOR, also joined the round alongside investors such as MediaHuis, Raine, KPN Ventures, and the founders of Kahoot, bringing Perlego’s total funding to $75 million.

Building Radar, a software platform transforming sales workflows in the construction industry, has secured $7.2 million in new investment, led by Socii Capital. This funding will fuel the company’s continued AI-driven product development and help expand its market reach.

Gaia Learning, an online education provider, has achieved its largest funding milestone yet, securing £550,000 in venture capital. This significant investment will enable the company to expand its support for neurodivergent children across the UK.

BGF has taken a minority stake in ER Productions, a leading company in laser production, pyrotechnics, and special effects (SFX).

Zurich-based Voliro, an innovator in aerial mobile robotics, has successfully raised $12 million in a Series A funding round. This round was led by Cherry Ventures, with additional backing from established business angels, family offices, and a traditional debt facility.

OpenAI has announced the successful completion of its latest funding round, raising $6.6 billion at a post-money valuation of $157 billion.

Ameba, an AI-powered platform revolutionising supply chain management, has secured $7.1 million in Seed funding, led by Hedosophia. Visionaries Club, a prominent early-stage investor in Europe, reinvested after leading Ameba’s pre-Seed round, alongside participation from Anamcara.

ALL.SPACE creates cutting-edge multi-orbit, multi-network connectivity solutions, enabling high-speed, uninterrupted communications across air, land, sea, and space.

Submer is pleased to announce a successful investment round of $55.5 million thus far, led by M&G, an investment company with £346.1 billion assets under management as of June of 2024.

Ameba, the AI-driven platform helping companies manage and unlock growth from their complex supply chains, has today announced a $7.1M Seed round led by Hedosophia.

From January to mid-July in 2024, a remarkable 225 startups secured a staggering £750.5 billion in venture capital funding.

xtype, the pioneering software company for multi-instance management on the ServiceNow platform, has announced it had raised a $21 million Series A funding round led by Norwest Venture Partners, with participation from ServiceNow Ventures and existing investors including Columbia Capital and Inner Loop Capital.

Colossal Biosciences, the world’s first de-extinction company, has announced the formation of The Colossal Foundation and the initial flagship projects in its conservation agenda.

Foreverland, the Italian startup behind a sustainable carob-based chocolate alternative, is setting a new standard in the chocolate and food industries. With a recent €3.4 million Seed round, just a year after its inception, the company is gearing up to launch its semi-finished product facility and expand across Europe.

With over 500 million podcast listeners globally and the market projected to skyrocket from $27 billion in 2023 to over $234 billion by 2030, the podcasting industry is experiencing rapid growth. Given that approximately 80% of podcast episodes are completed by listeners, it is no surprise that global ad spending is forecasted to hit $4.02 billion by 2024.