Startups funded this week (12 Dec 22)

Weekly startup fundraisings from Europe, USA, India, and South East Asia.

EU, UK and Israel

• Hotel tech startup Mews raises $185 million from Kinnevik and Goldman Sachs Asset Management. The company had previously raised $33million in 2019.

skift.com/2022/12/15/hotel-tech-startup-mews-manages-hefty-185-million-raise-in-tougher-vc-environment

• Spanish startup CoverManager providing restaurant tech solutions raises €17 million Series-A extension for international expansion.

eu-startups.com/2022/12/spanish-startup-covermanager-lands-a-fresh-e17-million-cash-boost-to-expand-its-restaurant-tech-solution

• Belgian data science / AI startup Tangent Works raises €4 million in a funding round to fuel global exppansion.

tech.eu/2022/12/15/belgian-data-science-startup-tangent-works-raises-eur4-million

• Israel based Foodtech startup Equinom raises $35million. Equinom develops non-GMO crops optimized for food with minimal processing. The funding round was led by Sytnethesis Capital.

calcalistech.com/ctechnews/article/hyiivfe00o

• UK based AI workflow startup Jaid raises £3m seed round from Sure Valley Ventures

uktech.news/ai/jaid-seed-20221214

• Belgium based Revend raises €1 million to protect e-commerce revenue in a round led by Pitchdrive

eu-startups.com/2022/12/antwerp-based-revend-raises-e1-million-to-protect-e-commerce-revenue

• Rithium - a smart technology system for homes or businesses raised £250k seed funding from Jenson Fuding Partners, Capital Pilot Boost Fund and Crowdcube.

businesscloud.co.uk/news/smart-home-connectivity-startup-rithum-raises-250k

USA

• Defense Technology company Shield AI raises $60m Series-A at a valuation of $2.3 billion from one single fund US Innovation Technology Fund (USIT).

techcrunch.com/2022/12/13/shield-ai-raises-another-60m-at-a-2-3b-valuation-for-its-military-autonomous-flying-tech

• US based recommerce startup Beni raises $4million in seed funding. Buoyant ventures led the funding round and Better ventures participated.

retaildive.com/news/resale-tech-startup-beni-raises-4m/638726

• Real Estate and infrastructure digital twin startup Willow raises $28.8 million. Institutional investors include Perennial Value Management, VGI Parteners and In-Q-Tel.

startupdaily.net/topic/funding/digital-twin-software-startup-willow-tops-up-with-42-million-raise-at-a-lower-valuation

India and South-East Asia

• Indian fashion startup Virgio raises $37million Series A in a round co-led by Prosus Ventures, Accel and Alpha Wave

moneycontrol.com/news/business/startup/fashion-tech-startup-virgio-bags-37-million-funding-co-led-by-prosus-ventures-accel-alpha-wave-9716391.html

• Indian carbon farming startup Grow Indigo raises $6million from Indigo AG and HNIs.

yourstory.com/2022/12/carbon-farming-startup-grow-indigo-6-million-dollars-funding

• India based air mobility startup Bumble Bee Flights raises $37 million from SRAM & MRAM Technologies

economictimes.indiatimes.com/tech/funding/air-mobility-startup-bumble-bee-flights-raises-37-million-in-funding-from-sram-mram-tech/articleshow/96195596.cms

• Generative AI startup Hexo raises $270k pre-seed funding led by Antler India

entrepreneur.com/en-in/news-and-trends/generative-ai-startup-hexo-raises-270000-in-pre-seed/441118

• Spacetech startup GalaxEye Space raised $3.5million in seed round led by Speciale Invest

vccircle.com/spacetechstartup-galaxeye-raises-seed-funding