Parsers VC - Weekly Funding / Startup / VC news of September 17, 2024

Venture Capital News. Funding rounds, statistics Week of September 10 - September 16: United States (39 - $1.78B), India (7 - $84M), United Kingdom (16 - $1.01B), Germany (6 - $229M), France (5 - $165M)

September 17, 2024

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Generative AI is a powerful tool. It can illuminate dark corners of knowledge. But it can also cast shadows. Recent studies reveal its impact on education and medicine. The findings are both promising and troubling.
In education, a study from Dongyang Mirae University in South Korea shines a light on the role of ChatGPT in software development courses. Researchers evaluated 36 computer science students. They divided the students into two rounds. The first round assessed coding quality, innovation, and project compliance. The top 15 advanced to the second round. The results were striking.

In a world where knowledge is power, the digital divide remains a chasm. Two recent initiatives shine a light on how technology can transform education, especially in underserved regions. EIDU, a Berlin-based edtech pioneer, is opening its doors wide with an open-source model. Meanwhile, Experience AI, a collaboration between the Raspberry Pi Foundation and Google DeepMind, is gearing up to teach millions about artificial intelligence. Together, these efforts aim to level the playing field in education.
EIDU is not just another tech company. Founded in 2015, it is a social enterprise with a mission. It partners with governments in low- and middle-income countries (LMICs) to digitize public education systems sustainably. The goal? To ensure that every child, regardless of their background, has access to quality education. EIDU’s platform is designed for the real world. It works offline, making it usable in areas with limited internet. This is crucial. In many LMICs, connectivity is a luxury, not a given.

3. Atomico's Bold Leap: A $1.24 Billion Investment in Europe's Future (Cited in 22 tech media)

In a world where innovation is the lifeblood of progress, Atomico has just made a monumental move. The London-based venture capital firm announced its largest-ever fundraise, totaling $1.24 billion. This ambitious step is not just a number; it’s a declaration. A declaration that Europe is ready to take center stage in the global tech arena.
Founded in 2006 by Niklas Zennström, the co-founder of Skype, Atomico has always been about empowering entrepreneurs. The firm’s founder-focused approach is akin to a gardener nurturing young plants. With the right resources and support, these startups can blossom into towering trees. The new funds consist of two distinct entities: Atomico Growth VI, which has $754 million to invest in companies from Series B to pre-IPO, and Atomico Venture VI, with $485 million aimed at early-stage investments, primarily Series A.

In the fast-paced world of technology, acquisitions are like chess moves. Each one can shift the balance of power. IBM's recent announcement to acquire Accelalpha is a bold play in the realm of Oracle Cloud Applications. This acquisition is not just about numbers; it’s about strategy, expertise, and a vision for the future.
IBM, a titan in the tech industry, has set its sights on Accelalpha, a consultancy known for its prowess in Oracle services. This move is designed to enhance IBM's capabilities in supply chain management, finance, and customer transformation. It’s a calculated step to meet the growing demand for digital transformation among enterprises.

In the ever-evolving landscape of digital finance, two giants are making headlines. OSL, a leading digital asset platform, is undergoing a significant brand transformation. Meanwhile, Mastercard is bolstering its cybersecurity defenses with a hefty acquisition. Both moves signal a shift in how these companies aim to navigate the complexities of the digital world.
OSL has tapped Pentagram, a global design powerhouse, to spearhead its brand evolution. This partnership is not just a cosmetic change; it’s a strategic pivot. OSL is on a mission to expand its reach in the digital asset space. The collaboration with Pentagram is like planting a flag on new territory. It’s about crafting a brand that resonates in a crowded marketplace.

Adobe is stepping into the future with its latest innovation: the Firefly Video Model. This generative AI tool is designed to revolutionize video editing. It’s like adding a turbocharger to a sports car. The potential is immense.
The Firefly Video Model is part of Adobe's Firefly family, which already includes tools for images and designs. Think of it as a Swiss Army knife for video professionals. This new model aims to enhance workflows, making the editing process smoother and more intuitive.

FlexiLoans, a Mumbai-based fintech lender, has struck gold again. The company recently secured approximately $35 million (INR 290 crore) in a Series C funding round. This infusion of capital comes from a trio of global investors: Accion, Nuveen, and Fundamentum, alongside existing backer Maj Invest. The financial landscape is shifting, and FlexiLoans is at the forefront, ready to capitalize on the burgeoning demand for micro, small, and medium enterprises (MSMEs) in India.
Founded in 2016 by a team of Indian School of Business alumni, FlexiLoans aims to bridge the financial gap for MSMEs. These businesses are the backbone of the Indian economy, yet they often struggle to access traditional funding. FlexiLoans steps in like a lighthouse in a storm, guiding these enterprises toward the capital they need to thrive.

InMobi is on the move. The mobile advertising giant has secured $100 million in debt financing from MARS Growth Capital. This partnership, a collaboration between MUFG and Liquidity Group, aims to turbocharge InMobi’s ambitions in artificial intelligence (AI) and strategic acquisitions.
Founded in 2007, InMobi has been a trailblazer in mobile advertising. It was India’s first unicorn, achieving that status in 2011. The company operates through two main arms: Glance and InMobi Advertising. Glance is an AI-driven content discovery platform, while InMobi Advertising focuses on delivering data-driven media solutions. Together, they form a powerful duo in the digital landscape.

Last week's funding rounds

156 funding rounds, +47% from last week.

Number of funding rounds in the last quarter - September 16 20, 2024 by Parsers VC

Total raised $4.95 billion, +37% since last week

Total raised $, bln - September 16, 2024 by Parsers VC

Funding rounds in United States

  • Buyerlink Raises $41M 

  • OrsoBio Raises $67M Series B Round 

  • Viome Raises $25M from Amazon 

  • aifleet Raises $16.6M Series B Round 

  • Smartcat Raises $43M 

  • Glean Raises $260M Series E Round 

  • Darkhive Raises $21M Series A Round 

  • CSA Medical, Inc. Raises $53M Series D Round 

  • Race Communications Raises $500M 

  • P0 Security Raises $15M 

  • finally Raises $50M Series B Round 

  • Mangomint Raises $35M Series B Round 

  • Solasta Raises $14M Series A Round 

  • Operant AI Raises $10M Series A Round 

  • Pieces Raises $25M 

  • Bounti Labs Raises $16M Seed Round 

  • Taylor Chip Raises $3.5M 

  • Nostra Raises $8.9M 

  • Sigo Seguros Raises $10.5M Series A Round 

  • SpectraWAVE, Inc. Raises $50M Series B Round 

  • Connectly.ai Raises $20M Series B Round 

  • CATALYST ORTHOSCIENCE Raises $20M 

  • Polly Raises $25M 

  • Inflammatix Raises $57M Series E Round 

  • GT medical technology Raises $35M from Horizon Technology Finance 

  • Kredete Raises $2.25M Seed Round 

  • Aembit Raises $25M Series A Round 

  • ONL Therapeutics Raises $65M Series D Round 

  • Every Raises $22.5M Series A Round 

  • Datricks – Simplifying Compliance Raises $15M 

  • Second Front Systems Raises $70M Series C Round from Salesforce 

  • XP Health Raises $33.2M Series B Round 

  • Candid Health Raises $29M 

  • ZeroAvia Raises $34M 

  • Strider Technologies Raises $55M Series C Round 

  • Cohora Raises $2.5M 

  • Nirvana Raises $24.2M Series A Round 

  • Switch Raises $5B 

  • Ledgebrook: Modernizing Specialty Insurance Raises $17M Series B Round 

Funding rounds in United Kingdom

  • Epsilogen Stage Raises $16.35M Series B Round 

  • Sloneek Raises $3.98M 

  • CardiaTec Biosciences Raises $6.5M Seed Round 

  • tem. Raises $13.69M 

  • Puraffinity Raises $8.8M 

  • LendInvest (LSE: LINV) Raises $654.14M from J.P. Morgan 

  • Twenty7tec Raises $21.59M 

  • Plant-ex Ingredients Raises $11.77M 

  • Optalitix Raises $3M from Calculus Capital 

  • Epitopea Raises $652.3K Grant Round 

  • F2G Raises $100M 

  • Form3 Raises $60M Series C Round from British Patient Capital (BPC) 

  • Aggreko Raises $66M 

  • Willo Raises $2.35M 

  • DELLI Raises $6M Seed Round 

  • Huma Raises $38M 

Funding rounds in India

  • Ather Energy Raises $369.2K Pre-IPO Round 

  • AppsForBharat Raises $18M Series B Round 

  • FlexiLoans Raises $35M Series C Round from Accion Venture Lab 

  • Godrej Properties Limited Raises $7.69M 

  • MONEYBOXX FINANCE LIMITED Raises $21M 

  • Futwork Raises $2.5M Series A Round from Blume Ventures 

  • Northern Arc Capital Raises $92.55M

Funding rounds in Germany

  • Ucaneo Raises $7.45M Seed Round 

  • eatformo Raises $61M Series B Round 

  • Keyward Raises $1.1M 

  • Habyt Raises $44.17M 

  • Qualifyze GmbH Raises $54M Series B Round 

  • Reverion Raises $62M Series A Round 

Funding rounds in France

  • Elum Energy Raises $13M Series B Round 

  • Jus Mundi Raises $22M Series B Round 

  • Standing Ovation Raises $4.15M 

  • Samp Raises $6.65M 

  • AKUR8 Raises $119.41M Series C Round 

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