NxtWave has raised a $33M Growth funding round to retrain workers and help them land jobs in tech. Greater Pacific Capital was the lead investor. More: - NxtWave is an online platform that offers employees upskilling courses that help them land jobs in the tech industry.
- The company claims that it has helped its users land jobs in 1,250 different companies, including Fortune 500 corporations.
- Orios Venture Partners also participated in the funding round.
- Since its inception in 2020, the company has raised $35M.
- NxtWave is based in Hyderabad, India.
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Mintoak has raised a $20M Series A funding round from PayPal Ventures to become a one-stop shop fintech platform. The platform has 1.3 million users. More: - Mintoak is a SaaS platform that offers multiple fintech products that banks and merchants can integrate as white-label solutions.
- The fintech platform enables companies to offer services such as:
- Pay later (credit transaction history recording),
- Acorn (smart transaction processing),
- Omni (secure transaction processing).
- Mintoak claims that it has helped companies complete 285 million transactions annually, amounting to $8.6B in annual gross merchandise value.
- The company was founded in 2017 and has raised over $25M.
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Belgium-based Paleo has raised a $12.7M Series A funding round to make plant-based foods that look and taste like meat. Since its inception in 2020, the company has raised $15M. More: - Paleo is a food ingredient company that produces plant-based meat that tastes and smells like meat and fish product using myoglobin.
- The company currently offers six food variants:
- beef,
- chicken,
- pork,
- lamb,
- tuna,
- mammoth.
- DSM Venturing and Planet A Ventures led the round, with participation from Gimv, SFPIM Relaunch, Beyond Impact, and Siddhi Capital.
- The company aims to use the funding round to scale the technology and complete regulatory approval.
- Paleo is based in Brussels, Belgium.
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AeroCloud has raised a $12.6M Series A funding round to help airports have cloud-based intelligent airport systems. Tampa International, John Wayne Airport, Manchester Airport, and Eindhoven Airport use the platform. More: - The company helps its clients process the data of over 150 million passengers annually.
- Company officials claim that they can disrupt the airport management market, which is worth $20B.
- Stage 2 Capital led the funding round with participation from Triple Point Ventures, I2BF Global Ventures, Praetura Ventures, Playfair Capital, and Haatch.
- AeroCloud aims to use this funding round to expand its team and grow its client list.
- Since its inception in 2017, the company has raised $16M.
- AeroCloud is based in Chester, U.K.
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💵 Today's funding: Deeptech - Intangles (India), provides software that helps drivers find where the defect in their vehicle is: $10M Growth led by Baring Private Equity Partners India.
3D printing - Xolo (Germany), a 3D printing tech company that produces rare materials and components that are used for optical applications, bioprinting, and the dental industry: $8.5M Growth A by HZG group, Kerstin and Frank Carsten Herzog, the DeepTech & Climate Fonds, Onsight Ventures, and SquareOne.
Climate tech - CarbonCloud (Sweden), a web-based platform that helps track the carbon footprint of the food supply chain: $8M A led by Cusp Capital and Peak.
Transport - Hypercraft (Utah), builds and sells electric drive systems: $6.5M Seed led by RevRoad Capital, with participation from individual investors.
- Rekonnect (Sweden), provides surveillance software for medical technology companies: $445,000 Pre-Seed round from Curus, LOOP Capital, Fast Track Capital, Angcell Ventures, and several angel investors.
SaaS - Fabacus (U.K.), a SaaS global licensing platform: $5.4M Growth led by Wealth Club with participation from Seneca Partners and angel investors.
HR - Workpay (Kenya), enables companies in Africa to embed payroll software solutions: $2.7M Growth led by Launch Africa, Saviu Ventures, Acadian Ventures, Proparco, Fondation Botnar, Kara Ventures, and Axian, P1 Ventures, and Norrsken.
Edtech - Strive (Singapore), holds one-on-one classes for kids who want to learn coding: $1.3M Seed led by Y Combinator with participation from Soma Capital, Goodwater Capital, and angel investors.
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- French President Emmanual Macron has stated that the government will invest in French startups as a way of supporting them during this period when most startups are struggling to raise funding from VC companies.
- Sasol has launched Sasol Ventures, an investment company that aims to invest in companies that use sustainable chemicals and create energy solutions.
- African startups raised more than $5B in 2022. Both the number of startups and the number of deals completed were higher than in 2021.
- German e-commerce company Zalando is set to cut hundreds of jobs as part of a restructuring plan. The company joins a number of other tech giants in Europe and the U.S. that have recently had to lay off a significant percentage of their overall workforce.
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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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