Parsers VC - Weekly Funding / Startup / VC news of December 24, 2024

Venture Capital News. Funding rounds, statistics Week of December 17 - December 23: United States (35 - $12.53B), United Kingdom (12 - $316M), India (7 - $318M), Australia (3 - $35M)

December 24, 2024

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Kioxia's market debut is a tale of resilience and ambition. The Japanese chipmaker, once a part of Toshiba, has emerged from the shadows of uncertainty to claim its place in the spotlight. With an initial public offering (IPO) that raised 120 billion yen, Kioxia's shares surged 6% on their first day, valuing the company at approximately $5.34 billion. This event marks a significant milestone in Japan's tech landscape, especially in a year that has seen a resurgence in IPO activity.
The backdrop of Kioxia's rise is a volatile semiconductor market. Memory chips are the lifeblood of modern technology, powering everything from smartphones to servers. Yet, the journey to this IPO was fraught with challenges. Kioxia, formerly known as Toshiba Memory, was acquired by a Bain-led consortium in 2018 for 2 trillion yen. This acquisition was a bold move, a gamble on the future of memory technology amid Toshiba's financial turmoil.

In a world where innovation is the lifeblood of industries, two recent developments stand out. One is in the bustling streets of Bangkok, where Kerry, a titan in taste and nutrition, expands its Customer Co-Creation Centre. The other unfolds in Cologne, Germany, where talentsconnect acquires PitchYou, a startup that harnesses the power of WhatsApp for recruitment. Both stories illustrate a common thread: the relentless pursuit of progress through collaboration and technology.
Kerry’s expanded facility in Bangkok is a beacon of creativity. It’s a place where ideas simmer and flavors blend. The new Customer Co-Creation Centre features innovation suites and a cutting-edge beverage lab. Here, the focus is on dairy, refreshing drinks, and carbonated beverages. This is not just a lab; it’s a playground for taste.

3. Ola Electric: Powering Up and Delivering Fast (Cited in 13 tech media)

In a world where power cuts can darken homes and disrupt lives, innovation shines like a beacon. Recently, a man in India used the headlamp of his Ola scooter to light up his workspace during a blackout. This simple act caught the attention of Bhavish Aggarwal, the Chairman and Managing Director of Ola Electric. His response? A promise of a solution: the Ola PowerPod. This moment encapsulates the spirit of modern electric vehicles (EVs) and their potential to serve beyond mere transportation.
The image of a scooter illuminating a room is more than just a clever workaround. It symbolizes the adaptability of technology in everyday life. In a country where power outages are common, the ability to harness energy from an electric vehicle could be a game-changer. Aggarwal’s vision for the PowerPod is to transform scooters into reliable power sources. This innovation could turn a simple ride into a lifeline during emergencies.

In the fast-paced world of marketing, data is the new gold. As businesses strive to optimize their strategies, the need for robust marketing intelligence has never been more critical. The digital landscape is evolving, and so are the tools that help marketers navigate it. Enter Funnel, a marketing intelligence platform that is reshaping how companies understand and utilize their data.
Funnel was born from a vision. Its founder, Fredrik Skantze, embarked on a journey that began in the hallowed halls of MIT and Stanford. With a background in engineering and business, he saw the potential of technology to transform industries. After several entrepreneurial ventures, including a Facebook advertising tool, he recognized a gap in the market for a data intelligence tool tailored specifically for marketers. Thus, Funnel was created.

The financial landscape is shifting. The winds of change are blowing through banks and fintech companies alike. By 2025, the world of finance will look different. Technology is the architect of this transformation. It promises easier payments, smarter assistants, and a more inclusive financial ecosystem.
Instant payments are no longer a luxury. They are becoming the norm. Businesses demand speed. Waiting days for transactions is like watching paint dry. Companies want cash flow to be as fluid as water. Real-time payments will streamline operations. They will enhance vendor relationships and improve liquidity. This shift is driven by advancements in payment infrastructure and the rise of Open Banking. Businesses that adapt will thrive. Those that don’t will be left behind.

In a bold move, Singapore is unmasking the National Registration Identity Card (NRIC) numbers. This shift has sent ripples through the nation, raising questions about privacy, security, and the future of identity management. The government’s decision to stop masking NRIC numbers has sparked a complex debate. It’s a double-edged sword, cutting through the fabric of personal data protection while aiming for greater transparency.
The recent launch of a new portal by the Accounting and Corporate Regulatory Authority (ACRA) inadvertently unveiled citizens' NRIC numbers. This premature rollout ignited public concern. The government intended to clarify the rationale behind the policy change before implementation. Instead, confusion reigned. The announcement contradicted the long-standing practice of treating NRIC numbers as sensitive information.

In a world where data is the new gold, the stakes are high. Meta, the tech giant formerly known as Facebook, just faced a staggering €263 million (about R$ 1.7 billion) fine from the European Union. This hefty penalty stems from a data breach that exposed the personal information of 29 million users back in 2018. The repercussions are not just financial; they echo through the corridors of digital trust.
The European Data Protection Commission (DPC) has been the watchdog in this saga. They found Meta guilty of violating two key articles of the General Data Protection Regulation (GDPR). The first violation? A failure to provide complete notification of the data breach. This incomplete notification is like a ship sailing without a compass—without all the necessary information, compliance verification becomes a daunting task.

In a world where technology and health are intertwined, two companies are pushing boundaries. Engineered Arts, a leader in humanoid robotics, and GSK, a giant in respiratory health, are shaping the future. Their recent endeavors highlight innovation, collaboration, and a vision for a better tomorrow.
Engineered Arts has taken a bold step. The U.K.-based company has restructured as a U.S. entity, signaling its intent to capture the growing American market. With a fresh $10 million in Series A funding, the company is ready to scale. This funding brings their total to $16.2 million, a testament to their commitment to integrating humanoid robots into everyday life. Their mission? To create robots that foster natural interactions, enhancing experiences in various settings—from theme parks to corporate events.

Last week's funding rounds

124 funding rounds, -29% from last week.

Number of funding rounds in the last quarter - December 23, 2024 by Parsers VC

Total raised $15.267 billion, +65% since last week

Total raised $, bln - December 23, 2024 by Parsers VC

Funding rounds in United States

  • ActiveCampaign Raises $20M from Silversmith Capital Partners 

  • Aiwyn Raises $113M 

  • Alira Health Raises $100M 

  • Anghami Raises $55M 

  • Basis Raises $34M Series A Round 

  • BILLBOXX Raises $1.6M Pre-Seed Round 

  • BILT Incorporated Raises $21M Series B Round 

  • Bureau Raises $30M Series B Round 

  • Chargezoom Raises $11.5M Series A Round 

  • Databricks Raises $10B at $62B Valuation 

  • Ecotone Renewables Raises $3M Seed Round 

  • FastWave Medical Raises $19M 

  • Fervo Energy Raises $255M 

  • Hamming Raises $3.8M Seed Round from Mischief 

  • Hauler Hero Raises $10M Seed Round 

  • Hostaway Raises $365M 

  • Indapta Therapeutics Raises $22.5M 

  • Mantis Robotics Raises $5M 

  • Mojave Energy Systems, Inc. Raises $9.5M Series A Round 

  • Nectir Raises $6.3M Seed Round 

  • Nuon Raises $16.5M 

  • Nuveen, a TIAA company Raises $100M 

  • Parafin Raises $100M Series C Round 

  • Personalis, Inc. Raises $50M 

  • Precision Neuro Raises $102M Series C Round 

  • Prometheum Raises $20M 

  • Remodel Health Raises $100M 

  • SandboxAQ Raises $300M at $5.6B Valuation 

  • Scale Microgrids Raises $150M 

  • SiteOne Raises $100M Series C Round 

  • Slip Robotics Raises $28M Series B Round 

  • SmartAC.com, Inc. Raises $42M 

  • Sunairio Raises $6.4M 

  • Triton Anchor Raises $2.2M Seed Round 

  • Vultr Raises $333M 

Funding rounds in United Kingdom

  • Akamis Bio Raises $60M 

  • ARBOREA Raises $5.22M 

  • Bikmo Raises $5.99M 

  • bit.bio Raises $30M from M&G Investments 

  • BVNK Raises $50M Series B Round 

  • Cassava Technologies Raises $90M 

  • Engineered Arts Ltd Raises $10M 

  • Mindgard Raises $8M 

  • New Wave Biotech Raises $1.25M 

  • Rezolve Limited Raises $49M 

  • Stora Raises $1.57M 

  • TG0 Raises $5.72M 

Funding rounds in India

  • Bizom Raises $12M Series B Round 

  • InCred Raises $589K IPO Round 

  • Rebel Foods (Formerly Faasos) Raises $210M 

  • Shriram Finance Limited Raises $588K 

  • Sterling and Wilson Raises $141.3K 

  • Sterlite Power Raises $86M from GEF Capital Partners 

  • zingbus Raises $9M 

Funding rounds in Australia

  • Airtasker Raises $6M 

  • Askable Raises $14M 

  • DigitalX Limited Raises $15.4M 

Follow new funding rounds every day on Twitter and Telegram

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