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Funding News
SiliconCanals
4w
103
Image Credit: SiliconCanals
French electrification startup DejaBlue raises €6.8M; plans to double its headcount
- Paris-based electrification startup DejaBlue raises $8M (€6.84M) in seed funding to grow its platform for managing flexible energy loads like EV charging and solar.
- The funding round was led by Redalpine, with participation from Zeno Ventures and Bpifrance, to accelerate sustainable mobility solutions.
- DejaBlue’s platform integrates EV chargers, solar panels, and energy contracts to reduce energy costs and optimize energy consumption, founded by experts from tech giants like Google Fi, Uber, and Lyft.
- DejaBlue plans to double its headcount from 15 to 30, expand in European markets, develop AI tools, and introduce new energy contracts to enhance its integrated energy system.
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SiliconCanals
4w
302
Image Credit: SiliconCanals
French electrification startup DejaBlue raises €7.2M; plans to double its headcount
- Paris-based electrification startup DejaBlue raises $8M (€7.2M) in seed funding to expand its energy optimization platform for managing EV charging and solar energy loads.
- The funding round was led by Redalpine with participation from Zeno Ventures and Bpifrance.
- DejaBlue's platform integrates EV chargers, solar panels, and energy contracts to help businesses transition to sustainable mobility, reduce energy costs, and optimize flexibility.
- The company plans to double its headcount, develop AI-driven tools, and expand in European markets to further enhance its integrated energy system.
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Siliconangle
4w
4.8k
Image Credit: Siliconangle
AI hiring startup Metaview raises $35M to automate recruiters’ admin work
- Metaview Labs Inc. secures $35M funding to automate recruiters’ admin work.
- Investors include Google Ventures, Plural, Vertex Ventures, Seedcamp, and more.
- The AI recruitment platform aims to streamline hiring processes with various tools.
- Notable features include AI-powered notetaking and an AI Assistant for queries.
- Critics raise concerns about AI's role in hiring decisions despite the platform's benefits.
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Siliconangle
4w
368
Image Credit: Siliconangle
Prediction market startup Kalshi raises $185M as rival Polymarket closes on $200M round
- Prediction market startup Kalshi Inc. raises $185 million led by Paradigm.
- Polymarket closes in on $200M round with Founders Fund, battling U.S. trading regulations.
- Both companies allow bets on real-world events using blockchain-based prediction markets.
- Kalshi aims to scale tech team while Polymarket seeks regulatory approvals for U.S. operations.
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22 Likes
Pymnts
4w
45
Image Credit: Pymnts
Envestnet to Sell Open Finance Subsidiary Yodlee to STG
- Envestnet plans to sell its open finance and data analytics subsidiary, Yodlee, to private equity firm STG.
- The transaction is expected to close in the third quarter, subject to customary closing conditions.
- STG is focused on investing in software, data, and analytics firms, aiming to accelerate Yodlee's investment in product innovation and customer success.
- Envestnet's CEO stated that the transaction will allow the company to focus on its core offerings, including its wealth management platform.
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2 Likes
Massivelyop
4w
39
Whatever happened to the WoW-inspired MMORPG Scars of Honor?
- Scars of Honor, the WoW-inspired MMORPG by Beast Burst Entertainment, has been in development for about five years and aims to revive the 'golden age' of MMOs.
- After a day-long open stress test last November, updates were scarce until the recent announcement from Beast Burst that subscriptions and 24/7 test build access would be stopped for a new phase of extensive testing in the final quarter of this year.
- Recent previews showcased an expanded talent tree system allowing specialized playstyles, a new minigame-powered gathering system, and the introduction of the mobile version, enabling cross-platform play with the PC client.
- While the game's release timing remains unspecified, the developers reiterated their commitment to a free-to-play model without pay-to-win items, hinting that testing in the fourth quarter is still part of the plan.
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Siliconangle
4w
350
Image Credit: Siliconangle
OpenRouter nabs $40M in funding for its AI inference API
- OpenRouter Inc., a startup in the AI development space, has raised $40 million in funding to streamline the utilization of AI models through a cloud platform.
- Their platform enables access to over 60 AI models from different providers via a single API, simplifying the integration process for developers.
- OpenRouter's platform also facilitates billing consolidation, failover features to prevent application downtime, and customization options for optimizing inference expenses.
- The company plans to utilize the funding to expand support for more AI models, enhance their enterprise edition, and further develop their product offerings.
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20 Likes
Pymnts
4w
390
Image Credit: Pymnts
JPMorgan Launches $2 Billion ETF as Exec Backs High-Yield Debt Over Private Credit
- J.P. Morgan Asset Management CEO George Gatch suggests high-yield debt over private credit due to limited opportunities in the private credit market.
- J.P. Morgan introduces the J.P. Morgan Active High Yield ETF with a $2 billion anchor investment, focusing on junk-rated bonds.
- Junk bond spreads to Treasuries are tight, but high yields and low default rates make them attractive compared to equities.
- The private credit sector faces overcrowding by investors, leading Gatch to prioritize publicly traded high-yield bonds for liquidity advantages and attractive yields.
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23 Likes
Bitcoinmagazine
4w
319
GameStop Raising $450 Million From Convertible Senior Notes To Make Investments
- GameStop Corp. has raised $450 million from convertible senior notes through a recent private offering, potentially to invest in Bitcoin.
- The total value of GameStop’s zero percent convertible senior notes due 2032 now stands at $2.7 billion.
- The company officially included Bitcoin in its investment policy earlier this year, allowing for the purchase and holding of the digital asset.
- The proceeds from the recently raised capital will be used for investments aligning with GameStop’s investment policy and potential acquisitions.
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19 Likes
Pymnts
4w
355
Image Credit: Pymnts
Zama Raises $57 Million for End-to-End Encryption Solution for Blockchains
- Zama has raised $57 million in a Series B funding round to expand its end-to-end encryption solutions for public blockchains, enabling developers to build secure, scalable, and compliant on-chain financial applications.
- The company plans to use the funding to support its mainnet launch, ecosystem adoption, and research efforts to scale financial transactions using Fully Homomorphic Encryption (FHE) to thousands of transactions per second.
- Zama’s Series B funding round, led by Blockchange Ventures and Pantera Capital, brings its total funding to $150 million and its valuation to $1 billion.
- Zama’s FHE solutions are expected to benefit public blockchains and industries using cloud computing that require greater confidentiality and compliance, as it offers an innovative approach to data processing and encryption.
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21 Likes
Blackenterprise
4w
812
Image Credit: Blackenterprise
New Orleans Financial Collab Gets $1M Grant To Invest In Local Start-Ups
- JPMorgan Chase has provided a $1 million grant to support three New Orleans non-profit organizations focused on financial wellness.
- The grant will help the Financial Wellness Collaborative, comprising Propeller, Thrive New Orleans, and Fund 17, offer tools and support to local small businesses.
- The Collaborative plans to offer services such as financial coaching, credit counseling, and assistance with loan packages and accounting to aid entrepreneurs.
- Former program recipient, Travis Williams of Nola Steele, praised the services provided, which helped his business organize operations and secure funding.
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13 Likes
Startup Story
4w
102
Image Credit: Startup Story
Amicus Capital Closes Second Fund at $214 Mn, Surpasses Initial Target Amid Strong Institutional Backing
- Amicus Capital Partners closes its second fund, Amicus Capital Partners India Fund II, at $214 million, surpassing its initial target of $200 million.
- The fund focuses on high-growth, capital-efficient mid-market companies in India and has already invested in companies like Aequs, Equirus Capital, and Manipal Payments & Identity.
- The fund received strong support from domestic and international investors, with 95% of the capital coming from institutional investors such as HDFC Fund of Funds and the National Investment and Infrastructure Fund.
- Amicus Capital plans to deploy 50% of the fund by the end of 2025 and continues to focus on profitable companies in sectors like consumer, financial services, healthcare, and technology.
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6 Likes
Eu-Startups
4w
342
Paris-based cryptography startup Zama secures €49 million to bring end-to-end encryption to public blockchains
- French startup Zama secures €49 million Series B funding round for blockchain solutions.
- Co-led by Blockchange Ventures and Pantera Capital, Zama's valuation exceeds $1 billion USD.
- Zama becomes world's first FHE unicorn, offering confidentiality to financial applications.
- Zama's launch includes Confidential Blockchain Protocol, FHE libraries, and onchain finance solutions.
- Zama focuses on scalability, hardware integration, and developer usability to advance FHE adoption.
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20 Likes
Siliconcanals
4w
408
Image Credit: Siliconcanals
New Kid on the Block: Meet Brighter Signals, Amsterdam’s Antler-backed startup giving machines human-like abilities to touch
- Brighter Signals, a startup based in Amsterdam, aims to give machines human-like touch abilities.
- The company's patented sensor tech allows fabrics to feel like human skin, gathering rich data.
- Focused on industries like robotics, automotive, and healthcare, it offers innovative tactile sensors.
- Backed by Antler VC, Brighter Signals is set to revolutionize the way machines sense and measure.
- With a mission to improve touch technology, the company aims for smart, adaptive solutions.
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24 Likes
TechCrunch
4w
182
Image Credit: TechCrunch
Nascent Materials emerges from stealth to make LFP batteries better and cheaper
- Chaitanya Sharma, founder of Nascent Materials, has developed a new process to enhance cathode materials for lithium-ion batteries to reduce costs and improve energy density.
- Nascent recently raised $2.3 million in a seed round led by SOSV, with a focus on making LFP and LMFP cathode materials for automakers and data center operators.
- The startup aims to address supply chain challenges by providing consistent and high-quality cathode materials to all customers, utilizing a process that improves energy density and uses lower-purity raw materials.
- Nascent plans to expand to other battery chemistries beyond LFP and LMFP, aiming to reduce industry dependency on Chinese supplies by utilizing local raw materials to drive down costs.
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