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Funding News
Nonprofithub
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Image Credit: Nonprofithub
10 Reasons Your Nonprofit Should Participate in DAF Day 2025
- Consider participating in DAF Day 2025 to leverage donor advised funds (DAFs) and boost your nonprofit's funding.
- DAF Day is a national day of giving aimed at activating the potential of DAFs among supporters, taking place on October 9, 2025.
- Reasons to join DAF Day include the potential for donors to give double, the underutilization of DAFs, and the success of last year's event.
- Participation in DAF Day is free and offers ready-made campaigns and resources to educate donors about DAFs.
- Encourage DAF giving, engage supporters, and utilize social media to amplify your fundraising efforts.
- Gain free DAF training for your team, empower donors with easy DAF giving options, and kickstart your overall DAF strategy.
- Get verified, download the marketing toolkit, sign up for training, and spread the word to prepare for DAF Day success.
- Author Mitch Stein, from Chariot, emphasizes the importance of leveraging DAFs and shares his background in nonprofit technology and fundraising.
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Economic Times
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380
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Healthcare startup Abridge tops $5 billion valuation
- Healthcare startup Abridge raises $300 million at a $5.3 billion valuation led by Andreessen Horowitz and Khosla Ventures.
- The funding round aims to improve revenue cycles and enhance communication between clinicians and billing teams.
- AI-focused startups have gained significant interest from VC firms with substantial funding rounds and high valuations.
- Search startup Glean valued at $7.2 billion in a recent financing round led by Wellington Management.
- Andreessen Horowitz is focusing on AI investments and plans to raise a substantial fund to tap into global interest in U.S. AI companies.
- Abridge, founded in 2018, automates clinical notes and medical conversations for doctors using AI.
- David George, A16z's general partner, highlighted Abridge's role in addressing rising healthcare costs and burdens on clinicians and patients.
- Abridge partners with over 150 enterprise health systems in the U.S.
- The latest funding follows a $250 million raise earlier this year, with investor Elad Gil, known for backing fintech firm Stripe and IVP, co-leading.
- Abridge's valuation increased from $850 million last year to $5.3 billion in the recent funding round.
- The platform expanded to cover inpatient care and streamline outpatient orders.
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Alleywatch
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431
The 9 Largest NYC Tech Startup Funding Rounds of May 2025
- Clarium, an AI software company, raised $27.0M in a Series A round for hospital automation tasks.
- Optimal Dynamics secured $40.0M in a Series C round for disrupting the logistics industry using AI and ML.
- Siro, focusing on sales team enhancement, raised $50.0M in a Series B round with its AI Coach.
- Empathy, a support system app for families dealing with loss, raised $72.0M in a Series C round.
- David, a food-tech firm, secured $75.0M in a Series A round for creating nutritious foods.
- Prepared, an emergency response platform powered by AI, raised $80.0M in a Series C round.
- Astronomer, a data orchestration platform, secured $93.0M in a Series D round using Apache Airflow.
- Stash, a personal finance app, raised $146.0M in a Series H round for banking and investing services.
- Wonder, a food delivery startup, secured $600.0M in a Venture round for truck-based restaurants.
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Siliconangle
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255
Image Credit: Siliconangle
AI startup Context partners with Qualcomm to launch agent-powered autopilot for information-based tasks
- Context Inc., a startup, is launching an AI-powered Autopilot that can automate various work-related information tasks by utilizing AI agents.
- The Autopilot spins up thousands of AI agents to conduct tasks like deep research, data analysis, and report creation.
- Context has partnered with Qualcomm to deploy AI agents on Snapdragon neural processing units, enabling local AI-powered automation.
- The Autopilot runs on NPUs built into Qualcomm processors, ensuring data privacy and compliance for enterprise and government clients.
- Context combines AI agents to perform tasks, similar to the Chinese AI platform Manus, known for automating tasks with minimal human input.
- Context's AI agents offer contextual awareness in office applications, facilitating tasks like enterprise search, code interpretation, and document generation.
- The AI-powered tools address various work tasks including market research, client presentations, financial modeling, and compliance audit reports.
- Context's AI agents verify data accuracy from multiple sources and create comprehensive reports with visualizations and citations.
- The startup secured an $11 million seed funding round, demonstrating the demand for advanced AI tools that enhance productivity in enterprises.
- Context aims to bridge the gap between humans and AI to create AI-driven workforces, reclaiming productivity hours for knowledge workers.
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TechCrunch
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How a data processing problem at Lyft became the basis for Eventual
- Eventual founders identified a data infrastructure problem at Lyft related to autonomous vehicle data processing.
- The lack of a unified tool for handling diverse data types led to inefficiencies for engineers.
- Sidhu and Chia developed an internal tool at Lyft to process multimodal data.
- This initiative inspired the creation of Eventual and its Python-native open source data processing engine called Daft.
- Daft is designed to process various data modalities quickly and effectively for AI applications.
- The company was founded in early 2022 and released the first version of Daft in the same year.
- Eventual is targeting the multimodal data processing needs of industries beyond autonomous vehicles.
- Amazon, CloudKitchens, and Together AI are some of the customers using Eventual's solutions.
- Eventual secured funding rounds of $7.5 million in seed funding and $20 million in Series A round.
- The latest funding will support the enhancement of Daft's open source offering and the development of a commercial product.
- Felicis, a major investor, highlighted Eventual as a pioneer in data infrastructure for multimodal AI models.
- The multimodal AI industry is expected to grow significantly in the coming years.
- Eventual's Daft aligns with the trend of generative AI around text, image, video, and voice.
- Astasia Myers of Felicis emphasized the growing importance of multimodal-native data processing engines like Daft.
- Daft addresses the challenges posed by the massive increase in unstructured data over the years.
- The story exemplifies the significant role Daft plays in supporting diverse industries with their data processing needs.
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Pymnts
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315
Image Credit: Pymnts
Digital Asset Raises $135 Million to Bolster Canton Network Blockchain
- Digital Asset has secured $135 million in funding to enhance the adoption of its Canton Network blockchain.
- The funding round was led by DRW Venture Capital and Tradeweb Markets, with participation from investors such as Goldman Sachs.
- The Canton Network offers configurable privacy and institutional-grade compliance at scale.
- The capital will facilitate the integration of real-world assets onto Canton and strengthen relationships with existing companies in the network.
- Digital Asset's CEO mentioned that the funding validates the vision of a privacy-enabled public blockchain for institutional adoption.
- Canton Network already supports various asset classes, and the funding will accelerate onboarding more real-world assets.
- An earlier pilot of Canton Network demonstrated the interoperability of distributed ledger applications in capital markets.
- The pilot highlighted the ability of blockchain technology to maintain privacy and regulatory controls for institutions.
- Digital Asset aims to enable financial systems to connect and synchronize in new ways while adhering to regulatory requirements.
- In related blockchain news, companies are exploring custody solutions for corporate bitcoin treasuries.
- Insurance for digital assets is still evolving, prompting firms to consider innovative custody arrangements and programmable insurance contracts.
- Some companies are awaiting clearer regulations before diving into digital asset custody.
- Ensuring the secure storage of bitcoin demands technical expertise, robust infrastructure, and stringent internal controls.
- Companies venturing into bitcoin custody may need to adopt a banking-like model, requiring significant operational changes.
- The article was originally published on PYMNTS.com.
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Roadtovr
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Image Credit: Roadtovr
Google Reportedly to Invest $100M in Smart Glasses Partner Gentle Monster
- Google is reportedly planning to invest $100 million in its smart glasses partner Gentle Monster, a South Korean fashion eyewear brand.
- The investment is part of Google's preparation for the rollout of Android XR-equipped smart glasses.
- Google is expected to sign a deal worth around $100 million to obtain a 4% stake in Gentle Monster.
- The smart glasses, set to release in 2026, will feature Google's Gemini AI and may include on-board displays for visual output.
- Competitors like Meta, Samsung, and Apple are also working on their own smart glasses to compete in the wearable computing market.
- Meta announced its Oakley Meta HSTN smart glasses in collaboration with Ray-Ban Meta partner EssilorLuxottica.
- Samsung and Apple are reportedly gearing up to launch their own smart glasses in the future, with Samsung potentially releasing a device this year and Apple by 2026.
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TechCrunch
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Image Credit: TechCrunch
Novoloop is making tons of upcycled plastic
- Novoloop has developed a technology to upcycle waste plastic, turning them into thermoplastic polyurethane (TPU) sought after by companies.
- The startup completed a successful test run of its demonstration plant, producing up to 70 metric tons of TPU annually.
- Strong demand has led Novoloop to plan for a larger facility and they have raised a $21 million Series B funding round.
- The company aims to build its commercial scale plant alongside an existing chemical plant, handling marketing and sales while the partner operates the facility.
- Novoloop's upcycled TPU material has been used by companies like On for products like running shoe treads.
- The process involves breaking down polyethylene plastic into monomers to synthesize new polymers that are more valuable.
- Novoloop is exploring the mechanical recycling of TPU scraps from factory floors, enhancing their performance.
- Choosing India over the U.S., Novoloop partnered with Aether Industries to benefit from their experience in small-scale chemical plant operations and cost-saving strategies.
- The Indian environment and Aether Industries' expertise allowed Novoloop's plant to be built and operated at a significantly lower cost.
- The company is moving forward with plans for a commercial plant despite not having finalized a location yet.
- Novoloop aims to further innovate in the plastic recycling industry, addressing the low recycling rates and technology challenges.
- Novoloop's novel approach could potentially contribute to reducing plastic waste and offering sustainable alternatives in various industries.
- Their success in upcycling plastics highlights a shift towards more environmentally friendly solutions and circular economy practices.
- By creating valuable materials from waste plastic, Novoloop presents a promising avenue for tackling the global plastic pollution crisis.
- Novoloop's innovative recycling technology sets a positive example for other companies and encourages advancements in sustainability and resource conservation.
- Their approach not only tackles the issue of plastic waste but also demonstrates the economic viability of sustainable practices in the plastics industry.
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Getfullyfunded
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Image Credit: Getfullyfunded
Launching an SMS Fundraising Strategy: A Nonprofit FAQ Guide
- SMS fundraising provides a convenient way for nonprofits to engage donors and secure donations.
- It involves setup, marketing, engagement, and donation processes to maximize its effectiveness.
- Building a text contact list requires promoting the short code and using incentives to encourage sign-ups.
- Compliance with regulations like the TCPA is essential to avoid fines and penalties.
- Essential features for text fundraising platforms include automation, personalization, integrations, and reporting.
- Security measures like two-factor authentication and secure sending protect donor data during SMS donations.
- SMS fundraising can enhance engagement, fundraising, and donor stewardship when implemented strategically.
- Fundraising expert Mike Snusz emphasizes the importance of personal and grateful communications with text donors.
- Text messaging can help nonprofits establish and strengthen connections with supporters to achieve their missions.
- Overall, SMS fundraising can be a powerful tool when utilized effectively by nonprofits.
- Article by Mike Snusz, Director of Nonprofit Customer Experience at Tatango, providing valuable insights on SMS fundraising strategies for nonprofits.
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SiliconCanals
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Image Credit: SiliconCanals
Netherlands-based Doktar lands €7.5M to make sustainable farming practical and profitable
- Netherlands-based ag-tech company Doktar secures €7.5M in a funding round co-led by ECBF and Pymwymic.
- ECBF is the first fund dedicated to transitioning to a bio-based circular economy, investing in growth-stage companies across various sectors.
- Existing investor DCP also participates in the funding round for Doktar.
- Doktar's unique approach combines agronomic expertise, scalable technology, and measurable environmental outcomes, facilitating regenerative agriculture.
- Pymwymic, a community of European wealth holders, sees Doktar as supporting farmers and food corporates in making smarter and impactful choices.
- The investment will aid Doktar in expanding its product portfolio globally and advancing its holistic execution model.
- Doktar Technologies, founded in 2017, uses digital products and AI to enhance agriculture, offering real-time monitoring, decision support, and sustainability results.
- The company's digital platform integrates IoT devices, smart software, and AI to provide insights and traceability for farms.
- Doktar's Climate Sustainability Impact platform assists farmers and food producers in implementing sustainable practices with traceability and positive environmental outcomes.
- Operating in over 10 countries, Doktar supports 250,000 hectares of regenerative farmland, aiding different crop systems and regions.
- Six of the top ten global food and beverage companies use Doktar's platform to enhance sustainability and supply chain efforts.
- Doktar aims to reinforce the digital backbone of agriculture to achieve measurable, verifiable impacts across supply chains.
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Eu-Startups
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22
Build, scale, impact: Applications for the Amazon Sustainability Accelerator 2025 are now open! (Sponsored)
- Applications for the Amazon Sustainability Accelerator 2025 are now open for sustainable startups looking to maximize their impact.
- The program offers ambitious startups the opportunity to scale climate tech solutions, access expert support, and pilot innovative technologies with Amazon.
- Run in partnership with Founders Intelligence, the program is a four-week hybrid accelerator focusing on supporting early-stage companies developing sustainable solutions.
- The focus areas for 2025 include building efficiency, circular systems, and water positivity.
- Startups can apply under the Carbon / Batteries, Circular Economy / Waste Management, or Water Positive workstreams aligned with Amazon's EU Buildings strategy.
- Selected startups will have the opportunity to scope a pilot of their technology with Amazon, potential funding, cash grants, AWS credits, coaching, mentoring, and access to the Climate Pledge Fund.
- The program will run from September 8 to October 3, 2025, with key in-person sessions in London and online support.
- Eligible startups must be registered in the European Economic Area, the United Kingdom, or Switzerland, have a scalable sustainability impact solution, and be beyond the prototype stage.
- Applications will be reviewed on a rolling basis throughout June and July, with selected startups joining the program in September.
- The program is free to join, does not take equity, and certain types of firms are not eligible.
- Startups without a working prototype, consulting firms, marketing agencies, and project developers reselling third-party products are not eligible.
- To apply or learn more, visit the Amazon Sustainability Accelerator website.
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Eu-Startups
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Danish BioTech startup Cellugy secures €8.1 million to eradicate microplastics in personal care products
- Danish biotech startup, Cellugy, has secured €8.1 million funding support to scale up production of its biofabricated cellulose-based material, EcoFLEXY, aimed at replacing harmful microplastics in personal care products.
- EcoFLEXY is designed to replace fossil-based carbomers, reducing environmental pollution and hazardous chemical use in cosmetics, while providing superior performance in beauty products.
- Microplastics from personal care items pose environmental and potential health risks, prompting the need for sustainable alternatives in the beauty industry.
- EcoFLEXY aims to prevent release of 259 tons of microplastics annually, scaling up to 1,289 tons per year by 2034, aligning with sustainability goals.
- The project responds to impending EU microplastics ban and US limitations on PFAS, addressing the industry's need for high-quality, sustainable alternatives.
- Cellugy CEO stresses the importance of delivering bio-based solutions that surpass petrochemicals in performance, scalability, and efficiency to drive industry change.
- EcoFLEXY promises superior performance, functionality, and user experience compared to traditional biobased ingredients, catering to cosmetics manufacturers' quality and sustainability demands.
- The BIOCARE4LIFE project involving specialist experts will facilitate EcoFLEXY's scale-up process through process optimization, including data management and sustainability validation.
- The €8.1 million investment will support critical scaling activities, process optimization, and commercial validation over the next four years.
- Cellugy aims to eliminate petrochemical use in the industry with revenue generation and environmental impact expected in the next three to five years, thanks to the funded scaling activities.
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Eu-Startups
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Berlin-based Enter secures €20 million for energy efficiency in the real estate sector
- Berlin-based Enter raises over €20 million in Series B funding for energy efficiency in real estate.
- Returning investors include Coatue, Target Global, noa, Partech, and Foundamental, with SE Ventures joining for the first time.
- Enter founded in 2020, offers services for energy-efficient renovations for single-family and multi-family homes.
- Enter's platform simplifies energy-efficient renovations through innovative technological solutions.
- Their 'Address Intelligence Tool' and network of contractors streamlines the renovation process.
- Enter's AI-driven system cuts manual effort, reduces staff needs, and triples customer capacity.
- Strategic partnerships with Dr. Klein, Allianz, and Engel & Völkers help Enter reach over 6 million households annually.
- Enter's marketplace offers partners like Thermondo, Aira, TMP Fenster, and Otovo, providing tailored offers to customers.
- Enter Pro platform enables financial brokers to expand services around energy efficiency.
- Series B funding will accelerate Enter's growth strategy in the B2B segment, offering E2E service for energy portfolio optimisation.
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Eu-Startups
4w
2.4k
French startup raises €25 million to become Europeʼs one-stop shop for SMB insurance
- Orus, a Paris-based digital insurer specializing in tailored insurance for independents and SMBs, raised €25 million in a Series B funding round to fuel international expansion, starting with Spain.
- The funding round was led by Singular, with participation from existing investors Notion Capital and Redstone.
- Orus aims to modernize the SMB insurance distribution model by offering transparent and tailored insurance solutions using technology.
- Founded in 2021, Orus provides online insurance products for small businesses and has a 70-person team with over 2,500 new clients per month.
- The company has raised a total of €41 million across funding rounds, focusing on simplifying business insurance for Europe's 25 million small businesses.
- Orus has experienced significant growth, with revenue increasing by tenfold since its Series A funding and protecting over 30,000 businesses in Europe.
- The platform uses algorithms and data points to assess risk and offer personalized coverage, including industry-specific options.
- Orus aims to offer a quick onboarding process and efficient claims management, distinguishing itself from traditional insurers.
- Spain is the first step in Orus' pan-European growth plan, with plans to enter more European markets in the future.
- Orus is introducing a new broker platform to allow intermediaries to quote, customize, and manage its digital-first insurance products.
- The platform combines technology and brokers' expertise to provide clients with a seamless digital experience.
- Investor Henri Tilloy praised Orus for redefining commercial insurance and recognized the company's rapid growth and potential to reshape the industry.
- Orus differentiates itself by offering comprehensive, intuitive solutions for various SMEs and accelerating the insurance process.
- The funding will support Orus in its mission to simplify SMB insurance across Europe and enhance its digital platform's capabilities.
- Orus leverages technology to make insurance processes simpler and more efficient for small businesses, addressing gaps in the traditional insurance sector.
- The company is focused on providing faster, customer-centric insurance solutions tailored to specific needs, setting itself apart from legacy insurance providers.
- Orus's strategic funding and growth plans position it as a leading digital insurer aiming to revolutionize the SMB insurance landscape in Europe.
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Economic Times
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229
Image Credit: Economic Times
Ecommerce enabler GoKwik raises $13 million from RTP Global, others
- GoKwik, an Ecommerce enabler, has raised $13 million in a growth round led by RTP Global, with participation from Z47, Peak XV Partners, and Think Investments.
- The funding round brings the total funding raised by GoKwik to $68 million, which will be used for international expansion and R&D for its AI-first commerce stack.
- GoKwik aims to build a unified growth operating system for global brands as Ecommerce evolves towards intelligent, interoperable products.
- The company works with over 10,000 brands, serving more than 130 million shoppers, including names like Mamaearth, Lenskart, and Shoppers Stop in various shopping categories.
- RTP Global praises GoKwik's data-led approach and market anticipation, expressing support for the company's global scaling and data-driven commerce efforts.
- GoKwik offers four products, with its suite facilitating over $2 billion in gross merchandise value for brands by addressing various Ecommerce challenges.
- KwikEngage, GoKwik's WhatsApp commerce solution, helps over 100 UK merchants drive conversational commerce and enhance customer relationships.
- By focusing on shopper touchpoints from discovery to returns, GoKwik aims to deliver lasting value and sustainable growth for merchants of all sizes.
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