5 Funding Rounds To Know About This Week: Yaga, Deel, Veradermics, Refurbed and Chemify
Funding Rounds Update: Recent Developments in Various Sectors
Funding Rounds Update: Recent Developments in Various Sectors
Tallinn-based marketplace Yaga, specializing in pre-owned fashion items, has secured €4 million in a pre-Series A funding round. The company, founded by Ane Anapuu, facilitates buying and selling of second-hand clothing through its app. Yaga plans to expand its operations into Africa and the Middle East with the new funding.
Investors: Specialist VC, H&M Group Ventures, Trind Ventures, Startup Wise Guys, and angel investors.
HR platform Deel has announced a $300 million Series E funding round, elevating its valuation to $17.3 billion. The company plans to expand its infrastructure, enhance AI-powered payroll and HR offerings, and lay the groundwork to support 100 million employees globally.
Investors: Ribbit Capital, Andreessen Horowitz, and Coatue Management.
Funding Rounds Update: Recent Developments in Various Sectors Tallinn-based marketplace Yaga, specializing in pre-owned fashion items, has secured €4 million in a pre-Series A funding round.
Veradermics, a US-based biopharmaceutical company, has raised $150 million in a Series C funding round. The company aims to continue its studies on a hair loss prevention pill and seek FDA approval for its extended-release formulation of minoxidil.
Investors: SR One, Viking Global Investors, Marshall Wace, Invus, funds managed by abrdn Inc., Columbia Threadneedle Investments, Infinitium, LifeSci Venture Partners, Longitude Capital, Suvretta Capital Management, Surveyor Capital.
Austrian startup Refurbed has closed a £44 million growth round to further its marketplace for refurbished electronics and sports goods. The company aims to expand its presence in the UK.
Investors: Alex Zubillaga, Orilla, Playtomic, Cabify, Evli Growth Partners, Bonsai, Almaz, C4 Ventures, Speedinvest.
Glasgow-based Chemify, which integrates AI with robotics for molecule creation, has raised $50 million in a Series B round. The funding will support the development of its AI and robotic production platform.
Investors: Wing Venture Capital, Insight Partners, 8VC, Triatomic Capital, Blueyard, Rockspring, Eos.
Based on reporting by techround.co.uk.
