Startups with scaling ambitions dashed amid plummeting venture capital funding opportunities due to COVID-19, could re-emerge into growth opportunities if they can ride out the immediate economic downturn.
Insurtech company PolicyStreet has raised $US1.8 million in Series A funding to further expand into the South East Asian market.
Australian and New Zealand co-founders secure $US3.2 million in seed funding for their ‘Voice-Visual’ AI assistant for industry.
French-Chinese private equity firm, Cathay Capital PE has raised $US850 million to fuel international expansion of middle-market companies in China, North America and Europe.
Singapore-based AI-powered data protection company, Dathena says it’s closed a $US12 million Series A funding round, amid the surge in remote working, fueled by coronavirus.
Chinese venture capital fund, Fosun RZ Capital has thrown its support behind electric motor producer, IRP Systems, as the Israeli company raises $US17 million in Series B funding.
Digital wallet provider, Hubpay launches seed funding round, with mobile money flows predicted to accelerate in post COVID-19 economy.
US CultureTech platform, Emtrain raises $US8 million, with the company citing increasing demand as the global pandemic creates new workplace culture challenges.
Startups with scaling ambitions dashed amid plummeting venture capital funding opportunities due to coronavirus, could re-emerge into significant growth opportunities if they can ride out the immediate economic downturn.
Hargol FoodTech secures a $US3 million investment round, as it ramps up its commercial grasshopper farming operation.
Disruptive natural food brand, The Collaborative secures a $US7 million Series A investment from PowerPlant Ventures.