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Quick news №22

Monday, September 6, 2021

First autumn news run this year: check out new rounds, deals, and tech news.

Startup Jedi

We talk to startups and investors, you get the value.

First autumn run this year! Don't let the weather stop you from checking out new rounds, deals, and news from the tech world. Go!

Our digest is opened by the Russian-based project Dostavista, which made several somersaults last week. First, it brought together businesses in 10 countries under a single Borzo brand. And secondly, it raised $35M under the leadership of Mubadala, an investment company from the UAE, and with the participation of such players as VNV Global, RDIF, Flashpoint Venture Capital.

Another impressive amount was raised by the Ukrainian grocery company Revenue Grid. Round A worth $20M was closed thanks to American W3 Capital and Ukrainian ICU Ventures, as well as existing investors. Direct corporate clients of the automation and sales management platform today include Hilton, Western Union, Trip Advisor and other major market players.

And here is another Russian project developing the author's travel marketplace, YouTravel.Me startup, raised $1M last week. Investors include the California Mission Gate fund, business angels and syndicates. The raised funds will help the project to gain a foothold in the American market.

The Singapore-based venture capital firm True Global Ventures decided to gain a foothold in the Russian market and raised a new fund for $100M. Business angel Sergey Dashkov joined the fund's team. This is a logical step for building the desired unified ecosystem in different cities, working to attract interesting projects to the pipeline.

A traditional cryptocurrency block on the run! Ukrainian startup Weld Money, whose solution allows using cryptocurrency as a regular bank card, has raised investments from Concorde Capital (Ukraine), Magnus Capital (USA) and 7 O'Clock Capital (China).

In parallel, the founder of the BitConnect cryptocurrency platform was accused of $2B in fraud, and not just anyone, but the US Securities and Exchange Commission (SEC). They say that all the promises of honest earnings were hidden by the cryptocurrency pyramid. Glenn Arkaro does not hide his guilt and has already admitted to wasting investors' money.

While cryptocurrency passions are raging, the Hermitage Museum has teamed up with the Binance blockchain ecosystem and launched the sale of a limited series of NFT works with digital copies of famous paintings. Leonardo da Vinci's Madonna Litta and Vincent Van Gogh's Lilac Bush are waiting for their customers on the Binance NFT marketplace.

We conclude the run with interesting opportunities for startups. The Skolkovo Foundation together with the Magnit retail chain are launching the third set for the MGNTech accelerator. Among the technological areas —  operation and construction of stores, marketing, BigData. Applications for participation are accepted until September 27.

Have a productive week!


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