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Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 50 - February 6)
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Top startups news to follow this week:
- Rise in prevalence of chronic diseases to help Digital Health market gain Valuation of US$ 1.2 Trn by 2028. The global digital health market is estimated to expand at a CAGR of 18.3% during the forecast period from 2021 to 2028, according to a study by Transparency Market Research (TMR).
- BUSINESS WIRE reports that the global market for Biorefinery estimated at US$553.7 Billion in the year 2020, is projected to reach a revised size of US$979.5 Billion by 2026, growing at a CAGR of 9.8% over the analysis period.
- Artisanal Ventures, a Bay Area venture capital firm investing in B2B cloud startups, closed on its first fund, the oversubscribed $62 million Artisanal Ventures I. The inaugural fund is backed by more than 50 founders and senior executives from companies like Square, Atlassian, CrowdStrike, AppDynamics, Snowflake, Splunk, UiPath and MuleSoft.
- EU-Startups reports that the Enterprise forensics platform Binalyze has just raised €9.1 million in its mission to enable companies to respond more efficiently to cyber threats. The funding was led by OpenOcean with participation from Earlybird Digital East which led Binalyze’s pre-seed round last year.
- Marvel Fusion, a Munich-based fusion energy startup, has just got a €35 million funding boost to accelerate the commercialization of fusion tech, overcoming some of the hurdles of producing clean energy at scale. The Series A funding round was led by Earlybird.
- Urban mobility startup Dott has raised an extension to its Series B round. Originally announced in the spring of 2021, the company raised an $85 million Series B round — it was a mix of equity and asset-backed debt financing. And today, the company is adding another $70 million to this round —once again, it’s a mix of equity and debt.
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