Category: TC
Fractory raises $9M to rethink the manufacturing supply chain for metalworks
The manufacturing industry took a hard hit from the Covid-19 pandemic, but there are signs of how it is slowly starting to come back into shape — helped in part by new efforts to make factories more responsive to the fluctuations in demand that come with the ups and downs…
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Mobius Labs nabs $6M to help more sectors tap into computer vision
Berlin-based Mobius Labs has closed a €5.2 million (~$6.1M) funding round off the back of increased demand for its computer vision training platform. The Series A investment is led by Ventech VC, along with Atlantic Labs, APEX Ventures, Space Capital, Lunar Ventures plus some additional angel investors. The startup offers…
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Lee Fixel’s Addition invests over $75 million in Delhivery
Indian logistics firm Delhivery has courted one more high-profile investor before its expected IPO in the next two quarters: Lee Fixel’s Addition. The Gurgaon-headquartered firm has disclosed in a regulatory filing that Addition has invested $76.4 million in the startup. The new investment is part of a Series I round, according…
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Founders Factory and G-Force launch Seed program for climate-focused startups
UK tech accelerator Founders Factory is joining forces with a European counterpart to launch the Founders Factory Sustainability Seed program. Launched in partnership with G-Force (the G is for Green) based out of Bratislava, Slovakia, the program will look to invest in and accelerate climate-tech startups. The program will invest…
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Nigeria’s Autochek acquires Cheki Kenya and Uganda from ROAM Africa
Nigerian automotive tech company Autochek today is announcing the acquisition of Cheki Kenya and Uganda from Ringier One Africa Media (ROAM) for an undisclosed amount. Per a statement, Autochek will finalize the deal in the coming weeks. With the acquisition, Autochek completes its expansion into East Africa and follows the…
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Mercedes-Benz throws down the EV gauntlet at IAA Mobility
Mercedes-Benz introduced a slew of electric vehicles ahead of the IAA Mobility show in Germany, including its first AMG-branded high-performance EV, a sedan and a G-Class SUV concept — all part of the company’s bid to become an electric-only automaker by the end of the decade. Mercedes has already started…
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