Fundraising

Startups Weekly: Tech IPOs and deals proceed, but price matters

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week confirmed that deals can still happen in a troubled world, but price considerations and adjustments are now part of the picture. Most interesting startup stories

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British startup Isembard lands $9M to reshore manufacturing for critical industries

Geopolitical pressures are accelerating a demand in many countries and regions to reshore — that is, to redevelop critical industry infrastructure, and to bring back businesses, which had moved or outsourced some or all of their industrial operations to cheaper countries further away. But that is easier said than done. In the key area of

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Alpaca raises $52M Series C to take its API brokerage platform to new markets

For all the turmoil these days, the U.S. stock market remains extremely attractive to investors around the world, simply because of its sheer size and liquidity. But it’s still quite difficult for investors in other parts of the globe to trade stocks on U.S. exchanges. A San Mateo-based startup called Alpaca has quietly capitalized on

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Cynomi cinches $37M for its AI-based ‘virtual CISO’ for SMB cybersecurity

Small and medium businesses are the newest targets for cybersecurity attacks, with 1 in 3 breached last year. SMBs are becoming more proactive in detecting and stopping these threats, and today a startup called Cynomi is announcing $37 million in funding to meet that demand. Insight Partners and Entrée Capital are co-leading the round, with previous backers

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Froda secures $23M Series B for its debt financing platform for SMEs

Swedish Fintech startup Froda has secured a $22.7 million (€20 million) Series B round led by Incore Invest, also based in Sweden. The move bucks the trend of a slight slowdown in investments into fintech, plus a further confirmation of the long-term trend towards the ’embedded finance’ model.  Largely operating in northern European countries from

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Noxtua raises $92M for its sovereign AI tuned for the German legal system

Back in 2020, Xayn was a privacy-based, on-device AI startup designed specifically for smartphones. But that early experience eventually saw the company pivot into developing sovereign AI for the legal sphere. Now Xayn has rebranded as Noxtua and raised a $92.2 million (roughly €81.2 million) Series B round. The round was led by strategic investor

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PHNX Materials found a way to decarbonize concrete using dirty coal waste

Coal-fired power plants have done their fair share of damage over the past century. From climate change to acid rain, black lung to heart disease, they’ve generally been on the debit side of the ledger.  But lurking in the literal ashes is something of a minor climate savior. “Ash can be used to replace up

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