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  • Monday 01/15/24 : Pet Roosters, Fancy Founders, and Shein's Cybersecurity Tangle | Luke Insider!πŸ’‘πŸš€

Monday 01/15/24 : Pet Roosters, Fancy Founders, and Shein's Cybersecurity Tangle | Luke Insider!πŸ’‘πŸš€

Welcome back to what proved a comparatively slow news day (we are not complaining)

Electra Accelerates the Future of Mobility with Monumental Series B Funding

Electra, a visionary Paris startup, is electrifying the automotive landscape with a massive $330.7 million Series B funding round. This colossal investment, co-led by industry giants PGGM and Bpifrance, signifies a significant leap forward in Electra's mission to create a vast network of fast-charging EV stations across France and beyond. With heavyweight backers including Eurazeo, RIVE Private Investment, 574 Invest, and Serena, Electra is driving towards a greener, more sustainable future for European transportation. Discover the full charge of this story on TechCrunch.

HashKey Group's High-Stakes Cryptocurrency Venture Sparkles with $100M Funding

HashKey Group, the innovative five-year-old Hong Kong startup, has secured a golden opportunity with approximately $100 million in funding, boasting a luminous $1.2+ billion post-money valuation. As a leader in the burgeoning cryptocurrency exchange market and provider of cutting-edge digital asset custody software and hosted blockchain infrastructure, HashKey's strategic raise, led by OKX Ventures, shines bright on its future prospects. SiliconANGLE illuminates the details here.

Quantinuum Quantum Leaps with $300M Funding, Valuing the Startup at $5 Billion

Quantinuum, the visionary two-year-old startup and Honeywell spinout from Broomfield, Colorado, is quantum computing its way to a staggering $5 billion valuation thanks to a recent $300 million funding boost. With JPMorgan leading the quantum charge, and support from Mitsui & Co., Amgen, and Honeywell, Quantinuum is redefining the computing cosmos. Having raised a total of $625 million to date, the company's trajectory is nothing short of extraordinary. Dive into the quantum realm with Bloomberg's coverage here.

Carmoola Cruises Ahead with $19.6M Series B Funding for Innovative Car Financing

Carmoola, the dynamic two-year-old London startup, is shifting gears with a $19.6 million Series B funding round. With investors like QED Investors, VentureFriends, InMotion Ventures, AlleyCorp, and u.ventures, Carmoola is revolutionizing car financing with its user-friendly mobile app. Shift into financial freedom and read more about this exciting journey on Finextra.

Disco Pharmaceuticals Dances into the Future with $21.8M for Cancer Research

Disco Pharmaceuticals, a pioneering startup dedicated to unveiling the secrets of cancer cell surfaces for new therapies, has announced a lively $21.8 million seed funding round. With the backing of AbbVie Ventures, M Ventures, and Panakès Partners, Disco Pharmaceuticals is choreographing a new era in cancer treatment discovery. Step into the future of cancer research with the article on Endpoints News.

Onera Health Wakes Up the Healthcare Industry with $32.6M Series C Funding

Onera Health, the innovative Dutch startup, is dreaming big with a $32.6 million Series C funding round. Co-led by EQT Life Sciences and Gimv, and supported by a host of previous investors, Onera Health is reimagining sleep studies by bringing them into the comfort of patients' homes. Discover the future of sleep science on TechCrunch.

Sakana AI Casts a Wide Net with $30M Seed Funding for Data-Efficient AI Models

Sakana AI, the innovative Tokyo startup, is reeling in success with a $30 million seed funding round at a $200 million post-money valuation. Led by Lux Capital and joined by Khosla Ventures, Sony, and NTT, Sakana AI is making a splash in the generative AI pool with models that thrive on less data. Dive into the details with Bloomberg here.

Trojan Energy Charges Up the EV Scene with $32.9M for On-Street Charging Solutions

Trojan Energy, the innovative Aberdeen-based startup, is powering up the electric vehicle (EV) market with a $32.9 million funding round. Led by BGF and supported by the Scottish National Investment Bank, Trojan Energy is electrifying the streets with its seamless on-street EV charging technology. Get energized with the full story on Insider here.

Weavix Weaves $23.6M Funding for Frontline Workforce Communication Solutions

Weavix, the forward-thinking startup, is connecting the dots with a $23.6 million investment led by Insight Partners. Specializing in advanced radios and software, Weavix is transforming how companies manage and communicate with their frontline workers, enhancing efficiency and safety. Tune into the conversation with TechCrunch here.

Xyte's Bold Vision for Device Subscription Services Sparked by $20M Series A Funding

Xyte, the innovative Tel Aviv startup, is revolutionizing the hardware OEM landscape with a $20 million Series A funding round led by Intel Capital. With additional support from Samsung Next and previous investors, Xyte is enabling a new business model for devices through subscription services. Explore the potential of Xyte's platform with TechCrunch here.

Detected Raises $2.4M for Streamlined KYC Services in Business Onboarding

Detected, the London-based startup, is enhancing client trust with a $2.4 million funding round, backed by Thomson Reuters Ventures and Love Ventures. Specializing in KYC services, Detected simplifies the business customer onboarding process, fostering secure and efficient partnerships. Learn more about Detected's vision on EU-Startups here.

Meiro Secures $3M Pre-Series A for Enhanced Customer Engagement

Meiro, the five-year-old Singaporean startup, has clinched a $3 million pre-Series A round led by Wavemaker Partners. By helping brands better engage with customers, Meiro is carving a niche in the customer data platform market. Dive into the strategies that set Meiro apart on Tech.eu here.

QDI Systems' $5.4M Series A Paves the Way for Quantum Dot Medical Imaging Breakthroughs

QDI Systems, the innovative Dutch startup, has raised a $5.4 million Series A round led by NOM. With technology that uses quantum dots for advanced medical imaging, QDI Systems is at the forefront of healthcare innovation. The funding round, also supported by Carduso Capital, RuG Ventures, and Maki.vc, positions QDI for significant advancements in medical diagnostics. Discover the quantum leap in imaging on More here.

Spot Technologies Secures $2M Funding for Retail Security Innovations

Spot Technologies, the El Salvador-based startup, is securing the future of retail with a $2 million funding round. Specializing in cloud networking and computer vision technology, Spot Technologies is enhancing security for retail cameras. Investors Femsa Ventures, Bridge Latam, Daedalus, Kuiper, and Casque are betting on Spot's vision for a safer retail experience. Catch the latest on this development with TechCrunch here.