Browsing: secures

Defence Builder Fund I, an early-stage venture focused on Ukrainian-founded defense technology, has invested in DOD Solution, an Estonian-Ukrainian developer of onboard artificial intelligence (AI) modules for unmanned platforms, as the startup closed a $2.1 million pre-seed round.

The Paris-based life sciences VC company’s new fund Sofinnova MD Start IV represents a substantial increase from its predecessor,Sofinnova MD Start III, which closed at €63 million ($71 million). This growth trajectory underscores the expanding appetite for early-stage medtech innovation.

The agricultural drone company, founded by recent University of Tennessee graduates, edged five other startups for the Judges’ Choice Award. Youth STEM program Data Rook won the Crowd Favorite vote.

Italian fintech startup Tundr Tech Corporation S.r.l. has successfully closed a EUR 11.6 million Series A funding round.

Overnight, Brightline confirmed it reached a deal to restructure its finances, following reports that the company was nearing a Chapter 11 filing. The bottom line for riders is that Brightline says trains between Miami and Orlando will continue running as normal. Brightline says the new deal brings in $490 million in new financing. The money…

Capita PLC (LSE:CPI) has secured £30 million of new financing facilities from Shawbrook Bank Limited, adding further liquidity while refinancing existing debt.

Relationship intelligence platform Crux Analytics has raised €1.9 million ($2.2 million) in seed funding, bringing the company’s total capital raised to €2.8 million. The round was led by Castle Creek Launchpad, a joint venture fund with 35 community banks as limited partners. Chartway Ventures, One Washington Financial, and Curql, three credit union investment funds, also…

International Graphite Ltd (ASX:IG6, OTC:IGRPF) has secured around $1.5 million in non-dilutive construction finance from National Australia Bank to support development of its Collie Micronising Facility in Western Australia.

US cybersecurity stocks have skyrocketed. As of August 31, the US cybersecurity ETF CIBR has risen by 40.36% year to date, far outperforming the Nasdaq in the same period, with many outstanding stocks even doubling in price.

Live-entertainment technology platform Fever has secured USD250 million (AUD351 million) in a primary equity financing round, marking the largest funding event of its kind for the sector.