Fintech Farm Secures $32M to Expand its ‘Neobank in a Box’ Model to India

Fintech Farm Secures M to Expand its ‘Neobank in a Box’ Model to India

Fintech Farm, a London-based startup specializing in providing technology solutions to medium-sized banks in emerging markets, has successfully raised $32 million in funding. The investment comprises an initial Series B round led by London-based venture firm Nordstar and an extension Series B round led by the London Stock Exchange-listed Bank of Georgia. Founded by Dmytro … Read more

HRtech Sesame Raises €23M to Fuel Global Expansion

HRtech Sesame Raises €23M to Fuel Global Expansion

Sesame, the HR software company based in Valencia, has successfully secured €23 million in funding from GP Bullhound and existing investor PSG. The platform simplifies HR processes by digitizing tasks such as time management, core HR administration, performance evaluation, and engagement. Leveraging artificial intelligence, Sesame provides tailored work experiences and insightful employee analytics. Operating across … Read more

Triomics raises $15M Series A to Revolutionize Cancer Clinical Trials Matching

Triomics raises M Series A to Revolutionize Cancer Clinical Trials Matching

Triomics, a pioneering generative AI startup, has raised $15 million in Series A funding to accelerate its mission of automating cancer clinical trials matching. Founded by former MIT biotech researcher Sarim Khan and AI scientist Hrituraj Singh, Triomics aims to drastically reduce the time it takes for doctors to match patients with suitable trials, addressing … Read more

Aardvark Therapeutics Raises $85M in Series C Funding

Aardvark Therapeutics Raises M in Series C Funding

Aardvark Therapeutics has successfully secured $85 million in Series C funding, led by Decheng Capital. This significant investment will primarily bolster the development of ARD-101, the company’s flagship asset designed to address hyperphagia in individuals with Prader-Willi Syndrome. The financing round also aims to support the advancement of ARD-101’s potential in combating obesity, alongside propelling … Read more

Li Industries Raises Series B Funding to Expand Battery Recycling Technology

Li Industries Raises Series B Funding to Expand Battery Recycling Technology

Li Industries has announced the successful completion of a $36 million Series B funding round aimed at scaling up its next-generation lithium-ion battery recycling technologies. Co-led by Bosch Ventures, Khosla Ventures, and LG Tech Ventures, with participation from Formosa Smart Energy Tech Corp., Anglo American Decarbonization Ventures, and Chevron Technology Ventures as new investors, alongside … Read more

Holistic AI, Founded by DeepMind Alumni, Secures $200M in Funding

Holistic AI, Founded by DeepMind Alumni, Secures 0M in Funding

Holistic AI, a French startup spearheaded by former members of DeepMind, Google’s renowned AI lab, has successfully closed the first tranche of its initial financing round, raising a substantial $200 million, sources familiar with the deal have revealed. This funding round comprises $80 million in equity and $120 million in convertible debt earmarked for purchasing … Read more

Brooklyn Dumpling Shop Names Jeff Galletly as CEO to Spearhead Expansion

Brooklyn Dumpling Shop Names Jeff Galletly as CEO to Spearhead Expansion

Brooklyn Dumpling Shop has appointed Jeff Galletly as its new CEO, heralding a new era of accelerated growth for the company. This strategic move comes on the heels of a recent funding round that attracted prominent investors such as Shark Tank’s Kevin O’Leary and food investor Matt Higgins. With this infusion of capital, Brooklyn Dumpling … Read more

BNPL Startup Simpl Implements Layoffs Amidst Financial Pressures

BNPL Startup Simpl Implements Layoffs Amidst Financial Pressures

Simpl, a prominent Buy Now Pay Later (BNPL) fintech startup, has recently undertaken a significant workforce reduction, laying off over 100 employees across various departments and roles. This strategic move comes in the wake of heightened financial challenges, including elevated monthly cash burn and a slowdown in new user acquisitions. The decision to downsize the … Read more

Marinus Pharmaceuticals Implements Cost-Cutting Measures Following Phase 3 Setback

Marinus Pharmaceuticals Implements Cost-Cutting Measures Following Phase 3 Setback

Marinus Pharmaceuticals, a Pennsylvania-based biotech company, is taking decisive action in response to recent challenges faced during a phase 3 clinical trial, including significant workforce reduction and other cost-saving measures. The company’s decision to lay off approximately 20% of its staff comes in the aftermath of disappointing results from the RAISE trial, which evaluated intravenous … Read more