Deep Tech Start-up Magorium Targets $6M Seed Funding To Build Greener Roads With Plastic Waste | The Straits Times
November 30, 2022 3:57 PMTo date, the firm has paved four green roads in Singapore. :
SINGAPORE – Home-grown deep tech start-up Magorium, which turns plastic waste into road construction material, is targeting to raise at least $6 million in seed funding by early 2023, as it scales up its technology to plant a bigger market presence. It is in talks with potential investors and said this funding is likely to last the company for about one to two years. It also plans to grow its headcount from five currently to 40 by 2025.
How The Tech Industry Lost $7.4T In One Year
A bruising year for technology has left investors and workers gasping for breath and wondering when the layoffs will end and IPOs will come back. The Nasdaq has tumbled sharply from its all-time high a year ago, as layoffs, inflation and rising interest rates roil the tech industry.
Saltbox Raises $35M In Series B Funding Round To Support Technology-driven Logistics Enablement For Small Ecommerce Companies
Pendulum and Cox Enterprises see opportunity in early-stage startup focused on solving logistics for all kinds of companies ATLANTA, Nov. 29, 2022 /PRNewswire/ -- Saltbox, Inc., the flexible co-warehousing and small business logistics pioneer, today announced a $35 million Series B...
Exeter Tech Company That Helps Firms Recruit More Diversely Secures £1.75M
Role Mapper said the money would help it grow its business across the UK and the US. :
A tech company in Exeter that helps organisations recruit more diversely has raised £1.75m in its latest funding round. Role Mapper has developed a platform that allows companies to design and structure jobs that improve diversity when hiring staff. Its technology also helps firms recruit candidates based on their skill set rather than educational background - as well as hybrid and flexible working. The funding round was led by asset management firm Mercia and included existing backer Qantx and private investors.
Wefox Ceo 'disgusted' By Mass Tech Layoffs: 'these Are Humans'
The boss of European digital insurance startup Wefox decried how tech companies have laid off workers en masse. :
HELSINKI, Finland — The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers en masse. The likes of Meta, Amazon and Twitter have laid off tens of thousands of employees in response to pressure from investors, who want to see them cut costs to weather a global economic downturn. Swedish fintech firm Klarna was among the first major employers in tech to slash jobs this year, cutting 10% of its workforce in May.
Dispatchhealth Raises More Than $330M To Expand Its Technology-enabled Ecosystem Of High Acuity Care In The Home
Optum Ventures leads the equity financing round to further accelerate DispatchHealth's leading in-home, technology-enabled system of care Financing will help DispatchHealth scale its hospital alternative care model, advance innovation of its technology platform, and fund strategic growth...
Crypto Winter Has Institutional Investors Stacking Sats
A study of institutional investors revealed that, throughout the crypto winter, these investors boosted their allocations. Many of the investors saw the crypto winter as a time to onboard crypto in order to learn the technology and develop for the future.
Big Tech Hasn't Monopolized A.I. Software
Interest in A.I. software startups targeting business use cases also remains formidable. While the total amount invested in such companies fell 33% last year as the venture capital market in general pulled back on funding in the face of fast-rising interest rates and recession fear.
FTX’s Failure And SoftBank’s Struggles Point To A Tech Investing Hangover
The problems are a hangover from years of explosive growth. Today the market is sluggish because of high inflation, rising interest rates and the war in Ukraine. But in 2021, VC investment reached a record $630B, twice the previous record set the year before.
Datadog And Redfin: Two Technology Companies With Recent Insider Buying (nasdaq:ddog)
Over the last few years, insiders as a group have been huge sellers of technology stocks. The need to diversify their holdings combined with stock prices that had been bid up to levels unhinged from reality contributed to these large divestitures. The tides have turned in recent months with more insiders of technology companies stepping up to buy shares on the open market. This buying is more opportunistic than the structured buying we saw of companies like Asana (ASAN) by its founder and CEO Dustin Moskovitz through a 10b5-1 plan last year and early this year.