Parsers VC - Weekly Funding/Startup/VC news of March 20, 2024

Weekly Most Popular Venture Capital News. Funding rounds Week of Mar. 12 - Mar. 19: United States (56), United Kingdom (11), Germany (8), India (7), Canada (3)

Lohum, a battery tech startup, has secured a whopping $54 million in a Series B funding round, signaling its ambition to dominate the market. The funding, led by Singularity Growth and other venture firms, will fuel the company's expansion plans and scale up its recycling operations across India and beyond.

2. Jumbotail's Rise to the Top (Cited in 7 tech media)

Jumbotail, the B2B marketplace and retail platform for food and grocery, has secured a hefty $18.2 million in a Series C3 round led by Artal Asia Pte. Ltd. and supported by other key investors. This funding will fuel Jumbotail's mission to revolutionize the way new and emerging brands connect with consumers through its nationwide network of kirana stores.

Lily AI, a California-based retail technology platform, has successfully closed a $20 million Series B-1 funding round led by Conductive Ventures. This latest round brings the company's total funding to $62 million, with new investors like Counterpart Ventures, Cendana Capital, and Transform Capital joining in, alongside existing supporters Canaan, Sorenson Capital, and NEA.

HiLabs, a US-based company using AI to clean dirty healthcare data, secured $39 million in Series B funding led by Eight Roads Ventures and Denali Growth Partners. The funding will be used to enhance technology, hire talent, and expand product teams.

San Francisco-based tech startup Nanonets has secured $29 million in Series B funding, bringing its total funding to $42 million. Led by Accel, the round also saw participation from existing investors Elevation Capital and YCombinator.

OpenAI, the San Francisco-based artificial intelligence company, has been embroiled in a leadership crisis that has captured global attention. CEO Sam Altman, who was abruptly fired and rehired, has now been reinstated to the board of directors with "full confidence" in his leadership. The company has also added three new female members to the board in an effort to move past internal conflicts.

CureSkin, a pioneering dermatology platform, secures a whopping $20 million in Series B funding led by HealthQuad. This injection of capital will fuel their mission to democratize quality skincare in India using cutting-edge AI technology.

8. Perfios: A Fintech Unicorn Rising (Cited in 6 tech media)

Perfios, a fintech-focused software startup, has secured a whopping $80 million from Teachers’ Venture Growth (TVG), propelling it into the elite unicorn club. This funding marks a significant milestone for the Bengaluru-based company, as it gears up for international expansion and strategic acquisitions.

158 funding rounds in United States, United Kingdom, Germany etc.

Funding rounds in United States

Funding rounds in United Kingdom

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