Parsers VC - Weekly Funding / Startup / VC news of June 5, 2024

Venture Capital News. Hiring: Senior Manager, Investment Lead. Funding rounds, statistics Week of May 28 - June 3: United States (16 - $445M), India (10 - $129M), United Kingdom (4 - $602M), France (3 - $34M), Switzerland (3 - $1.27B)

In a significant development, Infra.Market, a leading construction material solutions company, has secured an additional $50 million in financing from MARS Growth Capital, a joint venture by Liquidity Group and MUFG. This latest round of funding has doubled the total commitment to $100 million USD, marking a major milestone for the company.

Indian companies are making bold moves in different sectors, from aviation to real estate, cement, oil & gas, and renewable energy. Let's dive into the latest developments.
EaseMyTrip, a prominent player in the aviation industry, decided to let go of the bid for Go First, focusing on their core competencies for sustainable growth. This move showcases a strategic decision by the company's CEO, Nishant Pitti, to prioritize long-term success over immediate acquisitions.

FintechOS, a game-changer in the financial services industry, has just secured a whopping $60 million in Series B+ funding. This investment, led by Molten Ventures, Cipio Partners, and BlackRock, along with existing investors EarlyBird VC, OTB VC, and Gapminder VC, is a testament to the company's vision and execution.

Euler Motors, a commercial electric vehicle manufacturer, has secured an additional INR 200 crore in its Series C funding round. The funding was led by Piramal Alternatives India Access Fund, along with existing investors British International Investment and Blume Ventures. This fresh capital injection will be used to expand the company's presence across India and enhance its servicing infrastructure in 40 cities by March 2025. Euler Motors aims to solidify its position as a leader in the commercial EV sector and drive the transition to electric vehicles in India.

In a groundbreaking move, the digital lending and card management platform, Vegapay, has successfully raised a substantial $5.5 million in a seed round of funding. This significant investment was led by Elevation Capital, a prominent player in the investment landscape, with additional participation from Eximius Ventures, further solidifying Vegapay's position in the fintech industry.

Grubtech, a dynamic SaaS platform based in Dubai, has recently made waves in the business world by securing a substantial $15 million in funding. This financial boost, led by the prominent Jahez Group, is poised to catapult Grubtech into new territories, specifically Saudi Arabia, Europe, and the UK.
The funding round, which also saw participation from Addition and Oryx Fund, signifies a significant milestone for Grubtech and its ambitious expansion plans. The company, under the leadership of CEO Mohamed Al Fayed, is set to leverage this capital infusion to accelerate its geographic reach and solidify its position as a key player in the F&B and Quick Commerce sectors.

In a groundbreaking development, Berlin-based climate tech startup Cloover has successfully secured a substantial $114 million in seed funding to propel its mission of revolutionizing the renewable energy industry. Spearheaded by Lowercarbon Capital, this significant investment will serve as a catalyst for Cloover's ambitious goal of connecting individuals and businesses to sustainable energy solutions through cutting-edge technology and innovative financing options.

Spectrum.Life, a cutting-edge digital health provider, has recently closed a substantial €17 million investment round led by Act Venture Capital, signaling a significant milestone in the company's journey towards revolutionizing healthcare on a global scale. This fresh injection of funds will enable Spectrum.Life to accelerate its international growth and solidify its position as a leader in the rapidly evolving healthtech landscape.

Last week's funding rounds

97 funding rounds, -13% from last week.

Number of funding rounds in the last quarter - June 3, 2024 by Parsers VC

Total raised $3.276 billion, -47% since last week

Total raised $, bln - June 3, 2024 by Parsers VC

Compare with the same week last year

Funding rounds +14% from last year

Number of funding rounds compared to last year - June 3, 2024 by Parsers VC

Total raised -9% since last year

Total raised compared to last year $, bln - June 3, 2024 by Parsers VC

Funding rounds in United States

  • Babylon Raises $70M 

  • Braavo Capital Raises $5M Series B Round 

  • CinRx Pharma Raises $73M 

  • Claros Technologies Raises $22M 

  • Coinflow Labs Raises $2.25M Seed Round 

  • Denim Raises $63M 

  • Fortunafi Raises $9.5M 

  • Kintsugi Raises $6M Series A Round 

  • Linshom Raises $100K from Maryland Industrial Partnerships 

  • Mavenir Raises $75M 

  • Odyssey Raises $10M Series A Round 

  • Plenful Raises $17M Series A Round 

  • Reibus Raises $30M 

  • Remark Raises $10.3M 

  • Shorelight Raises $30M 

  • Valar Labs Raises $22M Series A Round 

Funding rounds in India

  • AstroTalk Raises $14M Series A Round 

  • Avaada Group Raises $37.86M 

  • Country Delight Raises $9M from Alteria Capital 

  • Euler Motors Raises $24M 

  • FabAlley Raises $6.02M 

  • Flam Raises $4.57M Seed Round 

  • Lendingkart Raises $12.03M from 

  • Logicladder Raises $2.5M Series A Round 

  • Rebel Foods (Formerly Faasos) Raises $13.2M from InnoVen Capital 

  • Turno Raises $6M Series A Round 

Funding rounds in United Kingdom

  • FintechOS Raises $60M Series B Round 

  • Infleqtion UK Raises $11M 

  • Rockwater Hove Raises $3.18M from IW Capital 

  • StructureFlow Raises $6M Series A Round 

  • Zenobƒì Raises $522.7M 

Funding rounds in France

  • BIOPHTA Raises $7.05M Seed Round 

  • GIREVE Raises $21.81M 

  • Vizcab Raises $4.88M Series A Round 

Funding rounds in Switzerland

  • EthonAI Raises $16.55M Series A Round 

  • Numab Therapeutics Raises $1.25B from Forbion 

  • Scrypt Raises $5M 

Funding rounds in Canada

  • APOLLO Insurance Raises $13.57M 

  • Maxa AI Raises $21M Series A Round 

  • Relay Financial Raises $32.2M Series B Round 

Follow new funding rounds every day on Twitter and Telegram


  • Billerica, MA, USA

  • Full time

Entegris is seeking a Senior Manager, Investment Lead in its Entegris Ventures team to drive the venture investment process in select mid-stage (A/B round) startups, including fund strategy, deal sourcing, due diligence, risks assessment, engagement, partnership definition, deal execution, and portfolio management. The role will focus on opportunities that align with our materials science innovation culture, High-Tech go-to-market channels, unit-driven business model, sustainability objectives, and PACE Values. 

In this role, you will partner across the organization, from the CTO office and R&D technologists to Business Development teams to the Corporate New Market Development function, in an effort to identify and manage the pipeline of opportunities for Entegris, in selected Tech & Life Sciences market verticals, as well as in pathfinding innovation in new Semiconductor application domains. 

This individual will be a critical member of a small, nimble team and have responsibility over the definition, presentation for validation, negotiation execution, and supervision of a diverse set of investments that will 1. contribute learnings, 2. identify disruptive technologies and business models, 3. augment our ER&D capability, 4. access talents, and 5. drive continued growth for wider Entegris, with an ambition to boost our mid- to long-term growth by an extra >1-2% CAGR. 

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