Startup Funding Alert: Vor Biopharma Closes $110 Million Series B Financing

#biotech #fundingalert #startupfunding #biotech #cancercure

Vor Biopharma, an #oncology company pioneering engineered hematopoietic stem cells (eHSCs) for the treatment of cancer, today announced it has raised $110 million in a Series B financing.

Proceeds will advance the company’s lead candidate VOR33 into clinical trials, deepen its portfolio, and accelerate the validation of additional targets for its scientific platform, which is designed to remove redundant proteins so that transplanted stem cells become invisible to targeted therapies while leaving diseased cells vulnerable.

Vor’s treatment strategy has the potential to bring a revolutionary treatment paradigm for patients with acute myeloid leukemia and other hematologic malignancies.

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Vor Biopharma Closes $110 Million Series B Financing " Vor Biopharma

Proceeds will advance the company's lead program into clinical trials and expand the portfolio CAMBRIDGE, Mass., - July 7, 2020 - Vor Biopharma, an oncology company pioneering engineered hematopoietic stem cells (eHSCs) for the treatment of cancer, today announced it has raised $110 million in a Series B financing.

Scientists: We can now trap coronavirus in this 'catch and kill' air filter

#covid19 #trap #preventcovid #postcovidworld #nickelfoam

Scientists have designed a "catch and kill" air filter which they say can trap the novel coronavirus and neutralise it instantly, an invention that may reduce the spread of Virus in closed spaces such as schools, hospitals and health care facilities, as well as public transit environments like airplanes.

According to the study, published in the journal Materials Today Physics, the device killed 99.8% of the novel coronavirus, SARS-CoV-2, in a single pass through its filter.

The device, made from commercially available nickel foam heated to 200 degrees Celsius, also killed 99.9% of the spores of the deadly bacterium Bacillus anthracis which causes the anthrax disease.

According to the scientists, since the virus can remain in the air for about three hours, a filter that could remove it quickly was a viable plan, and with businesses reopening across the world, they believe controlling the spread in air-conditioned spaces was urgent.

They noted that the novel coronavirus can’t survive temperatures above 70 degree Celsius, so by making the filter temperature far hotter -- about 200 degree Celsius, the researchers said they were able to kill the virus almost instantly.

I think Log 9 Materials is listening to this.

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We can now trap coronavirus in this 'catch and kill' air filter

Houston: Scientists have designed a "catch and kill" air filter which they say can trap the novel coronavirus and neutralise it instantly, an invention that may reduce the spread of COVID-19 in closed spaces such as schools, hospitals and health care facilities, as well as public transit environments like airplanes.

Untapped Capital Starvation in Indian MSME Sector a Great Boon for FinTech Startups

#sme #msme #capital #founders #startupindia #startupbharat #aatmanirbharbharat #fintech

With my more than 20 years experience in dealing with thousands of MSME businesses, the reason I have seen for their failure is not lack of talent, market, labour or technology, but starvation due to lack of access to timely and adequate capital.

So FinTech startups in India have huge unimaginable potential and also can do immense yeoman service to our country just by channelising savings and providing timely and adequate finance to MSME sector.

All the best!

Finin: COVID19 Crisis A Great Opportunity for Neo-Banks

#fintech #startups #startupindia #neobanks #challengerbanks #digitalbanks

Finin claims to be India’s first direct consumer digitized bank that eases the customer money management, investment, savings account through digital mode using advanced AI driven technology and payment programs. Suman Gandham, Founder & CEO, Finin – The Future of Banking explains to Techplus Media Group how neo banks are changing wealth management in India.

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Finin: COVID19 Crisis A Great Opportunity for Neo-Banks

Finin claims to be India's first direct consumer digitized bank that eases the customer money management, investment, savings account through digital mode using advanced AI driven technology and payment programs. Suman Gandhan, Founder & CEO, Finin - The Future of Banking explains how neo banks are changing wealth management in India.

Startup Mergers & Acquisitions: Slack acquires SaaS startup Rimeto

#startups #hrtech #employees #data #acquisitions #mergersandacquisitions #startupideas

Slack has acquired software as a service company Rimeto (acquired by Slack). Slack did not disclose the terms of the deal. Rimeto, which has raised $10 million in venture funding according to Crunchbase, builds a detailed #employee dictionary for companies. That allows #employers and fellow employees to see employees’ skills, experience and current projects.

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Slack acquires SaaS startup Rimeto

Slack has acquired software as a service company Rimeto, the company announced Wednesday. Slack did not disclose the terms of the deal. Rimeto, which has raised $10 million in venture funding, builds a detailed employee dictionary for companies. That allows employers and fellow employees to see employees' skills, experience and current projects.

Fintech startup nCino targets ~$2B valuation in impending IPO

#fintech #ipo #startup

As IPO season continues, another venture-backed tech company is moving closer toward going public. This week nCino, Inc. filed an updated S-1 filing, providing an initial price range for its equity of $22 to $24 per share.

Indeed, nCino, Inc., a fintech startup that provides operating software to banks, intends to sell 7.625 million shares in its debut, worth $167.75 million to $183 million at those prices. Including shares offered to its underwriters, its haul grows to between $192.9 million and $210.5 million. Discounting the extra shares, nCino, Inc. is worth between $1.96 billion to $2.14 billion at its current price range.

The startup’s software is what nCino, Inc. calls a “bank operating system,” providing banking software to help financial entities with lending, customer resource management, account opening and more. It’s a rich space for innovation, given the banking industry’s complexity and wealth. Smaller startups are also working along related lines.

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Fintech startup nCino targets ~$2B valuation in impending IPO

As IPO season continues, another venture-backed tech company is moving closer toward going public. This week nCino filed an updated S-1 filing, providing an initial price range for its equity of $22 to $24 per share. Indeed, nCino, a fintech startup that provides operating software to banks, intend...

Startup Funding Alert: EV startup Earth EnergyEV raises seed funding

#startups #fundingalert #startupfunding #startupindia #ev #electricvehicles #sustainablebusinesses

Electric Vehicles startup Earth EnergyEV has raised an undisclosed amount of funding in its seed round. The funding round was led by LR Joshi, Managing Director at PRANADA BIOPHARMA PRIVATE LIMITED, along with other equity investors. According to a statement issued by the startup, Earth EnergyEV will be using the freshly raised funds to facilitate the launch of its three vehicle models, hire critical talent, and strengthen its sales network.

Headquartered in Mumbai, Earth EnergyEV was founded in late 2017 by Rushi Shenghani. It operates under the parent company Grushie Energy, a Dubai-based company. Earth Energy develops electric motorcycles, scooters, commercial vehicles and autonomous vehicle drivetrains. The company is involved in the development of electric motorcycles, scooters, commercial vehicles, and autonomous vehicle drivetrains for global consumers.

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[Funding alert] EV startup Earth Energy EV raises seed funding

Electric Vehicles startup Earth Energy EV has raised an undisclosed amount of funding in its seed round. The funding round was led by LR Joshi, Managing Director at Pranada Bio-Pharma Pvt Ltd, along with other equity investors.

Startup Funding Alert: Venture Catalysts invests in wellness startup Green Cure

#startups #fundingalert #startupfunding #ecommerce #herbalproducts #OTC

Delhi-based wellness startup Green Cure Wellness, which sells herbal OTC products, has raised undisclosed amount of funding from Venture Catalysts. The round was led by Gunvanth Vaid, Founder of 4G Capital and ACG World, which are part of Venture Catalysts | India's First Integrated Incubator.

Founded by IIM Calcutta alumnus and ex-BCG consultant Sanchit Garg and Six Sigma Black Belt-certified professional Sanjeev Dadhich in 2015, Green Cure claims that its products are created by a team of German scientists and Ayurveda experts who blend modern science with ancient Indian ayurveda to develop proprietary solutions for chronic ailments.

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[Funding alert] Venture Catalysts invests in wellness startup Green Cure

Delhi-based wellness startup Green Cure has raised undisclosed amount of funding from Venture Catalysts. The round was led by Gunvanth Vaid, Founder of 4G Capital and ACG World, which are part of Venture Catalysts. Green Cure, which sells herbal OTC products, said it will utilise the fresh capital to further scale up its operations and launch products in new categories.

The startup LeadInvent is using nanotechnology to enhance brain cancer treatment

#healthtech #healthcare #cancertreatment #cancer #startups #startupideas

According to the 2016 data by National Cancer Institute, AIIMS (All India Institute of Medical Sciences, New Delhi), India may record over 17.3 lakh new cases of different kinds of cancer, and can lose around 8.8 lakh patients to the disease this year.

Taking the cancer treatment to the next level is LeadInvent Pharma Inc.. Founded in 2015 by Dr Pradip K Bhatnagar, Pankaj Sharma, and Surojit Bose, the US and Kerala-based startup is trying to combine the power of nanotechnology and laser to increase the efficiency of brain cancer treatment.

“We were looking at ways to improve the existing drugs. We wanted to see if we can make the drug better by making its nano formulation to precisely reach the cancer cells. While researching, we realised that most of the problems lie with cancer because most of the drugs used can be harmful as it kills not only cancer but also some healthy cells of the patient. We wanted to develop a more precise product which will preferentially kill the cancer cells and not much of the healthy cells,” Pankaj tells YourStory.

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This startup is using nanotechnology to enhance brain cancer treatment

Even after years of development in the medical field, cancer still invokes shock and fear among people. This is because of expensive treatments, poor survival rates, and the fear of relapse. According to the 2016 data by National Cancer Institute, AIIMS, India may record over 17.3 lakh new cases of different kinds of cancer, and can lose around 8.8 lakh patients to the disease this year.

Sense.bio, AI-backed health tech and fitness startup launches in India

#startups #healthtech #fitness #startupnews

sense.bio, an #IoT(Connected to Internet) based fitness and health app was recently launched in India. It helps in home workout, diet plans, and simultaneously monitor one's health. It is an app that provides fitness, wellness, nutrition, family health monitoring on one single platform. The aim is to catch the attention of more than 90 million health-conscious individuals (HCI’s).

The zeal to make a better world where people can have maximum access to healthcare services has always concerned Atul Kapoor, an IIT Bombay alumnus who is the brain behind sense.bio.

The app lets you take control of your goals by tracking calories and steps, breakdown ingredients, log activities, check BMI, and weight. It helps in checking the heart rate, respiration rate, oxygen levels, and blood pressure through smartphone with the help of a sensor device.

sense.bio works on a freemium model, the premium version of which will give people access to personalized and customized diet recommendations and allows you to interact with nutritionists and health coaches. The app is available on the play store and soon to be launched on the iOS store as well.

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sense.bio, AI-backed health tech and fitness startup launches in India

It helps in home workout, diet plans, and simultaneously monitor one's health. It is an app that provides fitness, wellness, nutrition, family health monitoring on one single platform. The aim is to catch the attention of more than 90 million health-conscious individuals (HCI's).

Startup Funding Alert: Goldman Sachs leads LeanIX's $80M Series D funding

#startups #cloudservices #enterprisetech #enterprisetechnology #cloudtechnology

A German startup LeanIX that is helping brands like adidas, Dropbox and DHL become become cloud-native has pulled in $80 million in a Series D round led by Goldman Sachs. LeanIX is based in Bonn, Germany with offices in Boston (which serves as its U.S. headquarters), the Netherlands and India. The company has over 230 employees on its payroll worldwide.

Founded in 2012 by André Christ and Jörg Beyer, LeanIX is an enterprise software startup that helps companies adapt to cloud computing. As Christ puts it, “LeanIX is like Google Maps for a company’s IT landscape.” With LeanIX’s cloud native suite, clients can automatically discover used cloud services across major platforms such as Amazon Web Services (AWS), Microsoft Azure ™ or Google Cloud and capture data about microservices.

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Goldman Sachs leads LeanIX's $80M Series D funding

A German startup that is helping brands like Adidas, Dropbox and DHL become become cloud-native has pulled in $80 million in a Series D round led by Goldman Sachs. LeanIX is based in Bonn, Germany with offices in Boston (which serves as its U.S. headquarters), the Netherlands and India.

Startup Funding Alert: Co-Living Startup Zolostays Raises $56 Mn In Series C Round

#startupfunding #fundingalert #startupindia #cosharing #sharedeconomy #sharedliving #colivingspace

Bengaluru-based co-living startup Zolostays Zolo announced it has raised $56 million in series C round of funding led by INVESTCORP, Nexus Ventures Partners, among others. The total funding raised so far post this round for Zolo is $90 million.

Founded in 2015, by Dr. Nikhil Sikri, Akhil Sikri and Sneha Choudhry, Zolo Stays currently has over 485 properties across ten cities in the country.

The company has partnered with large developers to provide beautiful and exclusive co-living campuses to people near their workplace. Zolo has more than 5 million square feet worth of ‘built to suit’ discussions underway.

The co-living startup will also launch an uber-premium brand extension called Zolo Red Carpet. These micro-living spaces will provide an elite experience which will include wellness studios, all-day in-house cafes, workspaces, exquisite decor, and concierge services.

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[Funding Alert] Co-Living Startup Zolostays Raises $56 Mn In Series C Round

Stay informed and join our daily newsletter now! You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Bengaluru-based co-living startup Zolostays announced it has raised $56 million in series C round of funding led by Investcorp, Nexus Ventures Partners, among others. The total funding raised so far post this round for Zolo is $90 million.

Tech Accessibility Startup K4Connect Raises $7.7M to Close $21M Funding Round - Voicebot.ai

#fundingalert #startupfunding #startups #startupideas #seniorcitizens #elderlycare #technology #tools #covid19

According to Population Census 2011 there are nearly 104 million elderly persons (aged 60 years or above) in India; 53 million females and 51 million males. A report released by the United Nations Population Fund and HelpAge India suggests that the number of elderly persons is expected to grow to 173 million by 2026. So, there is a huge market for startups to find solutions targeted at senior citizens and other differently abled persons.

Tech solutions for seniors and those with disabilities developer K4Connect has closed a $21 million Series B funding round after new investor Forté Ventures contributed $7.7 million.

The Raleigh-based startup K4Connect offers tools for making technology more accessible to those who might have difficulties with standard systems, such as older people and those with impaired senses and movement. K4Community provides customized features depending on the needs of the client. For instance, K4Community might support voice, video, and text messaging networks for residents, share news and informational updates, run smart home devices, or interact directly with residents to play games or answer questions.

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Tech Accessibility Startup K4Connect Raises $7.7M to Close $21M Funding Round - Voicebot.ai

Tech solutions for seniors and those with disabilities developer K4Connect has closed a $21 million Series B funding round after new investor Forte Ventures contributed $7.7 million. The startup plans to use the funds for designing and distributing its technology, a need heightened by the current COVID-19 health crisis.

Startup India: Startup funding down 29% in first half of 2020 - Tracxn

#startups #startupstats #funding #H12020 #startupindia

Startup funding dropped by 29% in the first six months of 2020 to $4.2 billlion compared to $5.9 billion in the corresponding period last year, due to the impact of the coronavirus pandemic, according to data by venture capital industry tracker Tracxn.

Only 443 startups were funded in the January-June period this year against 725 in H1, 2019. This year also put the spotlight on certain sectors like alternative lending, payments and test preparation tech and generated a lot of interest and funding from investors, according to Tracxn.

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Startup funding down 29% in first half of 2020: Tracxn

Only 443 startups were funded in the January-June period this year against 725 in H1, 2019. This year also put the spotlight on certain sectors like alternative lending, payments and test preparation tech and generated a lot of interest and funding from investors, according to Tracxn.

Startup Funding Alert: Gurugram-based startup Blue Sky Analytics raises $1.2M led by BEENEXT

#startups #fundingalert #startupfunding #dataanalytics #analytics

Gurugram-based geospatial data intelligence startup Blue Sky Analytics (BSA) has raised a $1.2 million seed funding round, led by BEENEXT Emerging Asia Pte Ltd. Zerodha-backed Rainmatter Capital Private Limited and Stanford Angels & Entrepreneurs also joined the round.

Founded by sibling duo Abhilasha Purwar (CEO) and Kshitij Purwar (CTO) in 2018, Blue Sky Analytics is building AI-powered infrastructure to analyse every pixel on the planet to retrieve the pertaining insights on air quality, water pollution, heat index, flood risk, and more.

By leveraging #satellitedata, #cloudcomputing, and #AI, the startup aims to inform various agents of the market and society with quality, accessible, and democratised environmental data.

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[Funding alert] Gurugram-based startup Blue Sky Analytics raises $1.2M led by BEENEXT

Gurugram-based geospatial data intelligence startup Blue Sky Analytics (BSA) has raised a $1.2 million seed funding round, led by BEENEXT Emerging Asia Pte Ltd. Zerodha-backed Rainmatter Capital Private Limited and Stanford Angels & Entrepreneurs also joined the round. Teruhide Sato, Founder and Managing Partner, BEENEXT, said, "Over the last couple of years, there has been an increased focus on geospatial technology.

Startup Funding Alert: Cybersecurity startup Securden raises $1.2M from Accel, others

#fundingalert #startupfunding #cybersecurity #covid19 #startupindia

A report launched in May by NASSCOM-DSCI said the Indian cybersecurity services industry is expected to grow at a compound annual growth rate (CAGR) of about 21 percent to touch $13.6 billion by 2025. The industry had generated a cumulative revenue of about $4.3 billion in 2019, and this is expected to reach $7.6 billion in 2022, the report, titled India Cybersecurity Services Landscape, said. It added that cybersecurity is gaining even more attention from enterprises and governments due to the COVID-19 pandemic.

Chennai and US-based cybersecurity startup Securden, Inc, CO-founded by ex-Zoho executives Balasubramanian Venkatramani and Kumaran Balan in 2018, has raised $ 1.2 million in a seed investment round led by Accel with participation from Girish Mathrubootham, founder and CEO of Freshworks; Axilor Ventures; Manav Garg, founder and CEO of Eka1.com; and CaratLane CEO Mithun Sacheti.

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[Funding alert] Cybersecurity startup Securden raises $1.2M from Accel, others

Chennai and US-based cybersecurity startup Securden Inc has raised $ 1.2 million in a seed investment round led by Accel with participation from Girish Mathrubootham, founder and CEO of Freshworks; Axilor Ventures; Manav Garg, founder and CEO of Eka1.com; and CaratLane CEO Mithun Sacheti.

Startup Funding Alert: Mumbai Based B2B Startup Bulk MRO Raises Rs 25 Crore In Debt Funding

#startups #supplychain #finance #fundingalert #startupfunding

Mumbai-based #B2B startup Bulk MRO Industrial Supply has raised Rs 25 crore in debt funding from Delhi-based Stride Ventures.

Founded by Gaurang Shah and Devang Shah in 2015, Bulk MRO is a B2B startup that enables the supply chain procurement needs of its customers and suppliers globally.

Bulk MRO also runs a fintech platform, Bulk Udhaar. Bulk Udhaar offers supply chain financing solutions to its suppliers and customers.

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Mumbai Based B2B Startup Bulk MRO Raises Rs 25 Crore In Debt Funding

B2B startup Bulk MRO has raised Rs 25 crore in debt funding from Delhi-based Stride Ventures. The venture fund has also partnered with one of India's leading banks for the deal. Founded by Gaurang Shah and Devang Shah in 2015, Bulk MRO is a Mumbai-based B2B startup that enables the supply chain procurement needs of its customers and suppliers globally.