Startup Funding News – Issue 3 – September 13th 2021
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Agile Robots
1.AGILE ROBOTS has completed a Series C round of US$220 million funding backed by SoftBank Vision Fund 2.
About Agile Robots
The ultimate goal of Agile Robots AG is to make robots smarter, allowing people to work even closer with their robotic companions and deploying robots in even more circumstances. They already provide engineering services in fields such as medical robotics, consumer electronics manufacturing, and others.
2. Olio
Olio, The food waste reduction Startup receives a Series B funding of $43 million.
The funding round was led by Swedish investment company VNV Global and New York-based hedge fund Lugard Road Capital.
About Olio
With the help of OLIO, neighbors may connect with one another and with local businesses so that leftover food can be shared rather than thrown away.
3. Solugen
Greentech Startup, Solugen announces $350 million Series C round, raising it’s valuation to $1.8 billion
About Solugen
Solugen has set-up factory that’s on a mission to decarbonize the chemicals industry. Solugen is a biotech startup that creates high-performance chemicals from plant-based alternatives.
4. Teatis
Teatis, a science-backed brand that focuses on sugar-blocking teas, has raised $700,000 in funding from a variety of high-profile angel investors, increasing the company’s total investment to more than $1 million.
Founder’s Story
Teatis was created by Hiroshi as a result of his late ex-battle wife’s with illness. In his role as her caregiver while running his technology company, Hiroshi became aware of the need for convenient, healthy meals that was appropriate for critically ill people.
5. Papaya Global
In its Series D fundraising round, Israel-based global workforce management platform Papaya Global secured $250 million in funding.
The new funding round was led by Insight Partners, a global private equity and venture capital firm based in New York, and included Tiger Global.
Other investors included Greenoaks Capital, IVP, Scale Venture Partners, Bessemer Venture Partners, Alkeon Capital, Workday Ventures, Access Industries, and Group 11.
About Papaya Global
In more than 140 countries, Papaya Global’s automated platform assists businesses in hiring, onboarding, managing, and paying employees.
6. Kashat
Kashat, an Egyptian fintech, has received $1.75 million in a Bridge round headed by Launch Africa.
Kashat is an Android-only app aimed at Egypt’s unbanked population. It aims to assist users establish a financial identity by giving them with quick credit.
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