Business

AgFunder, others invest $40m into beanless coffee startup Atomo

[Disclosure: AgFunder is AFN’s parent company.] Foodtech startup Atom has closed a $40 million Series A round and officially launched the first of its “beanless” molecular coffee products to consumers. AgFunder, S2G Ventures and Horizon Venturesall previous investors in the company, participated in the round. Atomo will use the Series A funds to develop new […]

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Biotech startups join AWS and other partners in open-source project to help design new proteins

Experimentally-determined structure of a bacterial protein, compared with structures produced by AlphaFold2 and OpenFold. (OpenFold Image) Three Seattle biotech companies are joining forces to support open-access development of protein folding and design software. The project, called OpenFoldbrings together Cyrus Biotechnology, Outspace Bioand Arzedastartups developing new proteins that can be used as drugs or in industrial

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Artfi

Sheikha Hend Al Qassemi joins Web3 art tech startup Artfi<br/><br/>

Sheikha Hend Al Qassimi Image Credit: Supplied The world is moving towards Web3 and Metaverse. And traditional businesses are marking their presence in the world of Web3. Artfi has built a strong team of advisers, investors and supporters. In the recent tweet, Sheikha Hend Al Qassimi, a member of the ruling family of Sharjah, has

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Egyptian healthtech startup Vezeeta cuts 10% of 500-person staff

Vezeetaa healthtech startup operating in the Middle East and Africa, reportedly laid off about 10% of its staff last week. The number of affected employees isn’t known; however, multiple sources who posted the news on LinkedIn, including affected employees, revealed that up to 50 people were let go. Vezeeta has almost 500 employees, according to

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Photo: thedatateam

HDFC Bank-backed Lentra acquires AI startup TheDataTeam for undisclosed sum

HDFC Bank-backed Lentra AI Private Limited, a digital lending cloud platform, has acquired Chennai and Singapore-based Artificial Intelligence (AI) company TheDataTeam (TDT) for an undisclosed amount. Through this deal, Lentra will integrate TDT’s behavior intelligence platform Cadenz which helps banks and finance firms make decisions on customer creditworthiness based on a unique financial

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Photo: Bloomberg

Fintech startup Progcap raises $40 mn in funding round backed by Google

Google has invested in Indian startup Progcap that caters to small and medium-sized businesses, as it raised $40 million in its Series C funding round. The funding into Progcap, which serves more than 700,000 small retailers by extending a revolving credit line of $10,000 to $12,500 to them, was led by Creation

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UK Green Supply Chain Startup Circulor Raises $25mln for US Expansion

LONDON (Reuters) – UK startup Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production, said on Tuesday it had raised $25 million to fund expansion, primarily in the United States. The Series B funding round brings Circulor’s fundraising over the last two years to $45 million. The funding

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Lay offs

Startup | Udaan layoff 180-200 of its employees: Report

The company has employee strength of around 4,000. The lay off comes in a move of efficiency enhancement exercise, Economic Times has reported citing company spokesperson. “As the market evolves, we continue to tweak our already proven business model to make it stronger, more efficient, customer-centric and agile. In this direction, we have various steps

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British Startup Unveils Its Hydrogen-Powered Autonomous Ship, An Industry First

At the beginning of this year, a UK-based maritime clean-tech startup was announcing an innovative vessel claiming to be the world’s first drone surface vessel that would be entirely powered by hydrogen (H-USV). Now, Acua Ocean is ready to unveil the H-USV that is a couple of years away from deployment.

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