Black-owned Beauty And Tech Company Mayvenn Raises $40M In Series C Funding Round; Plans To Use Capital To Expand Partnership With Walmart
The funding round was led by Chicago-based venture fund Cleveland Avenue and participation from a 16z, Goldman Sachs Asset Management.
Skeptics have long made a sport of predicting that the decade-long rally in technology stocks was destined to reverse. At the halfway point of 2022, it seems like this is the year when they will be proven right.
The current trends of bearish sentiments in crypto markets might not persist much longer, investment banking firm, JPMorgan predicts. Given the steep price drops witnessed by crypto tokens, it should not be surprising that several crypto companies, like Celsius, Three Arrows Capital, and others have failed in the recent past.
Arzooo will use these funds to scale its "technological might" focused on scaling stores' growth and for market expansion. : Arzooo, the business-to-business (B2B) retail tech startup, has raised $70 million in its Series B round from SBI Investment, an arm of Japan's SBI Group, and Trifecta Leaders Fund. Tony Xu, the founder of DoorDash, also invested in the current round, making Arzooo his first India investment, the company said in a statement on Wednesday. Existing investors Celesta Capital and 3 Lines VC participated in this round too.
Strive, which makes wearable tech for athletes, raised $6 million as part of a Series A funding round. The Seattle startup aims to help athletes better understand how and why they fatigue. The Bothell, Wash.-based develops sensors that embed into compression clothing and provides data to teams and players. "As a professional athlete, I've used countless technologies to help me find an edge," Jonathan Taylor, a star NFL running back who is also an investor, said in a release.
Existing investors Celesta Capital and 3 Lines VC also participated in this round, along with Trifecta Leaders Fund and Tony Xu, the Founder of Doordash.
Info Edge-backed technology fund Capital 2B, Climate Angel Fund lead investors in Matter's first external round of funding. : Ahmedabad-based tech and EV startup Matter has raised $10 million (Rs 78 crore roughly) in a round led by Info Edge-backed technology fund Capital 2B. The firm plans to use the funds for the launch of its upcoming electric two-wheeler that will feature the country's first active liquid-cooled battery. In its first round of external fund raising, Matter expects to raise another $10 million even as it plans to deploy the capital towards continuous technological innovations, manufacturing, and marketing.
Matillion works with the likes of Tui, Travis Perkins, Ikea, Amazon and Siemens. : The Greater Manchester-headquartered cloud data company said the Madrid base will help it expand its "engineering talent network". The city centre office is to hold its inaugural group of Madrid-based engineers which "will contribute to product innovation on our award-winning solution, helping our customers make their data useful across the business".
A scan of news headlines this month alone might lead one to think this snowstorm might become like the legendary winter of 1880/81: A long, hard spell of historically brutal blizzards that left many stranded in the cold.
The news: Seattle-area startup Zap Energy is edging closer to the promise of fusion power. The company Wednesday announced two milestones: its newest prototype device has created plasma, a superheated gas needed to generate fusion, and it raised $160 million in new funding with support from Bill Gates' Breakthrough Energy Ventures and two petroleum giants. Zap Energy, which has offices in Everett and Mukilteo, Wash., has raised a total of roughly $200 million since launching in 2017.