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Getting healthy is big business these days. Now a startup that’s come up with a unique approach leveraging tech to help people with their exercise regimes is announcing a big round of funding, putting some weight behind its own push for growth. Munich-based EGYM — a maker of connected fitness equipment and personalized training tech…
French startup Jump, a modern take on the concept of umbrella companies in France, has raised €11 million (around $12 million at current exchange rates) in a Series A funding round. Jump offers full-time contracts to freelancers looking for some stability and the benefits involved with a full-time job. It only acts as an administrative…
The IPO market has not roared back in 2024 as many investors hoped it would — not yet, at least. Elevated interest rates (this week’s 50 bps rate cut notwithstanding) and uncertainty related to the U.S. election have prompted many companies to stay private and wait for better market conditions. But a handful of companies…
Alan, the French insurance unicorn, just signed a multi-faceted deal with Belfius, one the largest banks in Belgium, that includes a distribution partnership along with a significant financial investment in the startup. Belfius is leading Alan’s Series F funding round of €173 million (around $193 million at current exchange rates). Some of Alan’s existing investors…
Physics Wallah, an Indian edtech startup, has secured $210 million in fresh financing amid a tough funding environment for edtech companies in the country following the collapse of Byju’s, once the biggest company in the space. Physics Wallah said on Friday the Series B round was led by the hedge fund Hornbill Capital, a venture…
With an explosion of weather and climate data that the last generation of tools can’t handle, is AI the future of forecasting? Research certainly suggests so, and a newly funded startup called Brightband is taking a shot at turning machine learning forecast models into both a business and open source standard. Today’s weather prediction and…
Over the last several years, fusion power has gone from the butt of jokes — always a decade away! — to an increasingly tangible and tantalizing technology that has drawn investors off the sidelines. The technology may be challenging to master and expensive to build today, but fusion promises to harness the nuclear reaction that…
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week once again proved that the startup world isn’t homogeneous when it comes to risk-taking. Let’s have a look. Most interesting startup stories from the week…
Not many ecosystems outside of Silicon Valley can boast successful tech startups launched by founders while still in school or shortly after dropping out. So, when such events occur in regions like the Middle East or Africa, the companies are worth paying attention to. A decade ago, Islam Shawky, Alain El Hajj, and Mostafa Menessy,…
Adtech startup InMobi has raised $100 million in debt financing as the profitable Indian firm looks to “significantly deepen” its artificial intelligence initiatives and fund potential AI acquisitions ahead of a planned IPO next year. Mars Growth Capital, a joint venture between MUFG and Liquidity Group, has financed the funding, InMobi said Wednesday. The investment…