Parsers VC - Weekly Funding/Startup/VC news of March 26, 2024

Weekly Most Popular Venture Capital News. Funding rounds Week of Mar. 19 - Mar. 25: United States (27), India (7), United Kingdom (5), Canada (5), Netherlands (3), Germany (3), Switzerland (3), Sweden (3)

Reddit, the social media platform, has been making headlines with its IPO journey. From planning to execution, the company has been on a rollercoaster ride. Bloomberg News reported that Reddit and its investors are aiming to raise a whopping $748 million in its planned IPO. The company plans to sell 22 million shares at a price range of $31 to $34 per share.

B Capital, the brainchild of Facebook co-founder Eduardo Saverin, has sealed the deal on its second Opportunities fund, raking in a hefty $750 million. This fund, a double-up from the previous one, has attracted a diverse mix of investors, from private and public pensions to high-net-worth individuals and sovereign wealth funds. The focus? Late-stage companies in tech, healthcare, and climate tech, spanning across North America and Asia.

Ultrahuman, a trailblazer in wearable health tech, secures $35M in Series B funding to fuel growth and innovation. Led by top investors like Blume Ventures and Steadview Capital, this funding marks a significant milestone for Ultrahuman, propelling them towards surpassing $100M in annual revenue by 2024.

Engrail Therapeutics, a precision neuroscience company based in San Diego, CA, has closed a $157M Series B financing round. The funding, led by F-Prime Capital, Forbion, and Norwest Venture Partners, will fuel the advancement of Engrail's pipeline in clinical development stages.

China's economy is on a fast track towards high-quality development, showcasing a remarkable capacity for regeneration. From weathering the storm of the COVID-19 pandemic to embracing new growth drivers, China's economic landscape is evolving at a rapid pace.

6. Eskom's Load Shedding Woes Continue (Cited in 6 tech media)

Eskom's ongoing battle with load shedding continues to plague South Africa, with updated schedules causing chaos for citizens.
Eskom, the troubled power utility, announced yet another round of load shedding, sending shockwaves through the country.
The experts' warnings of a deteriorating power plant situation and potential generation capacity losses are becoming a harsh reality for South Africans.

DoorDash and Wing are teaming up to bring drone delivery to the US, starting with Wendy's orders in Christiansburg, Virginia. This partnership marks a new era in fast and efficient food delivery, revolutionizing the way Americans receive their meals.

Euno, a data governance platform provider based in Sunnyvale, CA, has secured $6.25M in Seed funding to shake up the industry. Led by 10D and INT3, with support from angel investors like Barr Moses, Lior Gavish, and Yoni Broyde, Euno is on a mission to transform how data teams operate.

110 funding rounds in United States, India, United Kingdom etc.

Funding rounds in United States

Funding rounds in India

Funding rounds in United Kingdom

Funding rounds in Canada

Funding rounds in Netherlands

Funding rounds in Germany

Funding rounds in Switzerland

Funding rounds in Sweden

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