Ivy raises $20M to take open-banking funds worldwide

Open banking — the place conventional banks open their knowledge up with APIs to construct new monetary providers for his or her clients — has the potential to be one of many fee world’s huge disruptors: get it to work proper, and it might supplant large networks (and community charges) like Visa’s in relation to … Read more

Luxurious Presence, which builds advertising instruments for realtors, raises $19.2M

Actual property advertising is not any stroll within the park. Not solely do realtors should climate market volatility, however they should meet patrons the place they store — creating compelling advertising experiences whereas maintaining prices below management. Malte Kramer skilled the roadblocks firsthand whereas working as a advertising guide for actual property firm Jade Mills. … Read more

India’s Kombai raises $4.5M to simplify UI coding with AI

Kombai, a startup that goals to assist front-end builders simply convert UI designs to code utilizing AI, has emerged from stealth and introduced a $4.5 million in a seed funding spherical led by Stellaris Enterprise Companions and Basis Capital. In response to fast {hardware} developments, software program evolution has underscored a urgent want for superior … Read more

Swedish EV battery maker raises $1.2B to broaden to North America

Northvolt, a Swedish producer of lithium-ion batteries, has raised round $1.2 billion from BlackRock and numerous Canadian pension plans to construct new factories in North America and Europe, in accordance with report from Reuters. Tuesday’s announcement alerts the primary time Northvolt has shared concrete plans to construct in North America. If Northvolt builds within the … Read more

Zanifu raises $11.2M to scale its stock financing providing in Kenya

Zanifu, a Kenyan fintech offering stock financing to micro, small and medium-sized companies, has raised $11.2 million debt-equity funding in a pre-Collection A spherical led by Past Capital Ventures and Variant Investments. Founders Manufacturing unit Africa, AAIC Funding, Google Black Founders Fund, and current investor Launch Africa additionally participated within the spherical. This brings whole … Read more

Mycoprotein producer Sufficient raises €40M towards doubling its manufacturing capability

Making protein out of mushrooms is just not a brand new idea; nevertheless, Sufficient believes its expertise — and the power to scale manufacturing rapidly — will set it aside. The Scotland-based firm grabbed €40 million ($43.5 million in right this moment’s {dollars}) in new development funding to check out that concept. Sufficient is pumping … Read more

Amazon Music Limitless Raises Costs for Prime Members

Amazon is elevating its month-to-month price for Amazon Music Limitless, and the value improve will have an effect on Prime members who’re on the person plan in addition to individuals with the Amazon Music Limitless household plan.  The information was earlier reported by The Hollywood Reporter, and the brand new costs are actually listed on … Read more

Lindus Well being, a U.Ok. medical trials startup backed by Peter Thiel, raises $18M

Medical trials are the cornerstone of recent medical analysis, serving the proof required to show (or disprove) the protection and efficacy of a brand new therapy. Nevertheless, medical trials are additionally pricey, resource-intensive endeavors that may take a few years to succeed in a stage the place a drug or machine is deemed prepared for a … Read more

Wegovy-maker Novo Nordisk extends curb on provide of weight-loss drug, raises outlook

A collection of injector pens for the Saxenda weight reduction drug are proven on this picture illustration in Chicago, Illinois, U.S., March 31, 2023.  Jim Vondruska | Reuters Novo Nordisk, which makes blockbuster drug Wegovy, raised its outlook for 2023 Thursday however stated it’s extending provide restrictions for some doses of the weight-loss drug. The Danish pharmaceutical firm … Read more

Kenya’s FarmWorks raises $4M pre-Sequence A funding

FarmWorks, a Kenyan agtech that gives farmers with entry to farm inputs, and marketplace for their produce, has raised $4.1 million in a pre-Sequence A spherical led by Acumen Resilient Agriculture Fund, an present investor. Livelihood Affect Fund, Vested World, a variety of household places of work, and angel traders additionally participated within the spherical … Read more