Volocopter has raised a $182M Series E to offer air taxi services. The company has received the necessary certification to offer the services in 2024. More: - The company develops electric aircraft that are designed to fly in urban spaces. The aircraft will be used to transport goods and citizens by offering an air taxi service.
- Voloctoper claims it is the only vertical take-off company and landing company to receive the DOA certification from the European Union.
- Singapore, Rome, Paris, and the NEOM region will be the first locations where Volocopter is expected to launch this commercial air taxi flight in 2024.
- NEOM and GLy Capital Management led the Series E funding round, while NEOM has also signed a partnership with the company that will see Volocopter operate air taxi routes in the city.
- The company is based in Bruschal, Germany.
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TouchBistro has raised a $110M growth round to expand its restaurant POS system in the U.S. More: - The company offers a POS management platform for restaurants that includes marketing and data analytics.
- Founded in 2010, the company aims to use the funding for further expansion in the U.S. market.
- According to the company, the pandemic gave restaurant tech adoption a boost, although initially, the company's growth rate fell from 50% to 10%.
- TouchBistro is based in Toronto, Canada.
- This funding round was led by Francisco Partners.
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 A message from APIS COR Invest in The Company Automating Construction Apis Cor’s mission is to empower America’s home builders with robotic systems to build more durable homes quickly and affordable. Why Apis Cor? - Industry-leading experience building the world’s biggest and best 3D printed buildings.
- Strong market traction with 117 Letters of Intent from home builders across the country.
- Fourth-generation 3D printing technology with a proven record of unmatched performance.
- Backed by Alchemist Accelerator and At One Ventures VC founded by Google-ex and BASF-ex.
- Earlier this year, Apis Cor raised $1.2m on equity crowdfunding.
- We deployed our robots to build the largest 3D-printed building on Earth (Guiness World Record) and the first commercially permitted building in America building in Boca Chica, TX.
- Apis Cor won top awards at NASA's Mars Habitat Challenge.
- The construction 3D printing market is projected to continue growing exponentially and hit $40 Billion by 2027
- Our goal is to have 400 printers in operation by 2027 to deliver 20,000 houses annually.
Invest today and join the construction revolution. Invest Now
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Insurtech company Cover Genius has raised an oversubscribed $70M Series D funding round. This round beats the downward trend in insurtech funding. More: - Cover Genius offers embedded protection to multiple industries, including airlines, travel and rental companies, retail, financial services, real estate, logistics, ticketing, etc.
- The company has partnered with Booking.com, SeatGeek, Skyscanner, Ryanair, Kayak, Ola, Intuit, Hopper, Zip, etc.
- Embedded protection enables non-financial companies to offer financial services with the hope of disrupting the $5B insurtech industry.
- Dawn Capital led the funding round, with participation from Atlas Merchant Capital, GSquared, King River Capital, etc.
- The company is present in all 50 U.S. states and 60 countries globally.
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Cresilon has raised a $25M Series A to develop its product that aims to safely stop bleeding during surgical procedures. The product is made entirely from plant-based materials. More: - The company intends to use the funds to accelerate its global growth plan, increase production capacity at ITS biomanufacturing facility in Brooklyn, and boost the sales of its product, named Vetigel.
- Vetigel is a gel that stops bleeding without the need for manual pressure.
- The company offers products for animal bleeding, while it has also filed for FDA approval for its product that aims to stop human bleeding.
- The round was led by Paulson Investment Company.
- Cresilon is based in New York. The company presented this funding round as Series A4.
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Today's funding 💵 Hardware -
Ionblox (California), a lithium-ion cell company: $24M B led by Lilium, with participation from Applied Ventures, LLC, and Catalus Capital. Consumer - Givingli (California), enables users to send digital greeting cards: $10M A led by Seven Seven Six.
SaaS - Software Defined Automation (Massachusetts), a company that turns factories into software systems through cloud technology: $10M Seed led by Insight Partners, with participation from Baukunst VC, Fly Ventures, and First Momentum.
Artificial Intelligence - Topline Pro (New York), a Generative AI platform enabling home services professionals to scale their businesses: $5M Seed led by Bonfire Ventures.
- Solvo (U.K.), helps companies negotiate better prices for their supply chain materials and products: $4M Seed led by Speedinvest and Frontline Ventures.
Health tech - OncoPrecision (New York), a cancer research company that aims to create cancer therapies by using patient-derived cells: $3.3M Seed led by IndieBio, GRIDX, New York Ventures, Creative Ventures, Fundación Para el Progreso de la Medicina, etc.
Insurtech - Neat (France), provides an embedded insurance solution: $9.8M Seed led by Octopus Ventures with participation from New Alpha, Mundi Ventures, Founders Future, etc.
Web3/Crypto -
Braavos (Israel), a self-custodial smart contract-based wallet: $10M growth led by Pantera Capital, with participation from Road Capital, BH Digital, DCVC, Crypto.com, Matrixport, and Starkware.
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Quick Hits: - This app makes it easy to learn vocab and phrases with lessons, games, videos, podcasts, and more. Plus, for a limited time you can get 55% off.*
- Northwell Health has led a $1M investment round in Colorado-based Lazzaro Medical.
- GoodShip, a startup that automates manual tasks in procurement, has raised $2.4M.The round was led by FUSE, with participation from Cercano Management, Flexport Fund, Endeavors, Sope Creek Capital, and Kindergarten Ventures.
- Info Edge Ventures has led a $5.5M Series A investment round in Lumiq. The latter develops advanced data stacks for financial institutions in India.
- Oxford Medical Simulation, a company that provides realistic virtual reality healthcare training, has raised a $2.4M growth funding round.
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Upcoming events at Inside: - November 02 - AMA with Bill Glenn (Executive Chairman at Crenshaw Associates) (Register Here)
- November 09 - Synthetic data for more efficient, robust and ethical model development - Live AMA with Yashar Behzadi (CEO and Founder of Synthesis AI)* (Register Here)
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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