Magnus Metal Secures $74M in Series B Funding
TLDR: Magnus Metal, a technology company based in Tel Aviv, raised $74M in Series B funding. The funding round was led by Entrée Capital and Target Global, with participation from several other
Wellington Management’s Climate Tech Fund Secures $385M Funding
Article Summary TLDR: Wellington Management raised $385 million for their inaugural climate solutions-focused venture fund. The fund invests in private companies developing tech-enabled solutions to mitigate and adapt to climate change. Investment
Breakthrough Technologies secures $11M investment from Matrix and Lightspeed
Article Summary TLDR: Beyond Odd Technologies Raises $11 Million in Funding Key Points: Beyond Odd Technologies, a grey-collar training and recruitment platform, raised $11 million in seed funding led by VC firms
Caret Capital and Ev2 Ventures Unite to Launch $50M Fund
TLDR: Two venture capital funds, Caret Capital and Ev2 Ventures, have merged to launch a $50 million fund. The new fund, called Caret Capital Fund II, will invest in pre-Series A startups
Diagon’s $51M Funding: Transforming Manufacturing Procurement
Summary of Diagon Raises $5.1 Million to Revolutionize Manufacturing Procurement TLDR: Diagon raises $5.1 million in seed funding to revolutionize manufacturing procurement Platform streamlines the procurement process for manufacturers Diagon, a company
Generous Valuations: Crypto Startups Lose VC Interest to AI
TLDR: Crypto.com’s venture capital arm is cautious about inflated valuations in crypto startups, while VCs are shifting focus toward AI. Recent uptick in investments by cryptocurrency venture capital companies has prompted concerns
Metsera’s weight-loss drug developer secures $290M in funding
TLDR: Metsera, a weight-loss drug developer, has raised $290 million in funding led by ARCH Venture Partners. The company is developing injectable and oral drugs to treat obesity based on the GLP-1
New $30 Million Fund Launched by Beltone & CI Ventures
TLDR: Key Points: CairoScene article highlights various events, developments, and releases happening in the arts and culture scene in Egypt and Saudi Arabia. Notable mentions include exhibitions at Milan Design Week, upcoming
New $30M Venture Capital Fund Launched by Beltone & Citadel
TLDR: Beltone Venture Capital and UAE-Based Citadel Holding have launched a $30M fund to support startups in the MENA region. The fund will focus on pre-seed and seed funding rounds for innovative
The Fed’s Rate Cut: Don’t Expect Instant Gratification
Article Summary TLDR: The Federal Reserve is expected to keep interest rates steady for longer than anticipated. Chair Jerome Powell indicated that rate cuts may not happen soon due to ongoing inflation