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This week’s top startup funding and ecosystem highlights
- Tracksuit, CloudTech, and Voltavate lead this week’s funding surge across AI, blockchain, and renewable energy sectors.
- Tracksuit raises $38 million Series B to expand globally and deepen presence in the US market.
- CloudTech secures AUD$14 million in Series A round to launch CloudTech Custody, an institutional-grade custody product for digital assets.
- Lululemon signs a 10-year recycled materials deal with Samsara Eco to enhance sustainability efforts.
- Global Startup Ecosystem Rankings 2025 show AI surge, decline in exits, and emergence of new regional leaders in the startup ecosystem.
- AI and Big Data are the fastest-growing subsector globally, with a 33 percent increase in VC funding and a 40 percent share of global VC investment.
- Key cities like Shenzhen, Tokyo, Seoul, Shanghai, Paris, and Philadelphia showed resilience amidst a drop in large exits.
- Riyadh makes a significant leap in the MENA region's startup ecosystem rankings, moving to the 21–30 range among emerging ecosystems.
- Voltavate raises $850,000 in pre-Seed round to develop safer and sustainable lithium-ion batteries.
- Lyrebird Health secures $12 million in funding to accelerate product development and international growth, saving clinicians time with AI-generated clinical documentation.
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