Top startups news to follow this week:
- FinDev Canada has injected $13 million into Energy Entrepreneurs Growth Fund (EEGF), which invests in early and growth-stage energy startups in sub-Saharan Africa. Part of the funding will go toward increasing access to clean energy for off-grid households and businesses in the region.
-Singapore-based industrial robotics firm Sesto this week announced a $5.7 million raise, featuring TRIVE, WTI GmbH and SEEDS Capital (Enterprise Singapore’s VC wing). The round follows a similarly sized $4 million Series A, back in 2018.
- Studies show out of 1,078 founders across 500 US unicorns, 90 entrepreneurs were born in India, signalling the significant presence of Indian Americans in the country’s startup and tech economy.
- Fractal has raised $360 million from TPG in a new financing round and entered the unicorn club as the Mumbai and New York-based AI startup, which counts Google and Wells Fargo among its customers, scales its offerings and begins preparation for an IPO.
- Placer.ai, which has built a platform to track and understand footfall in a variety of venues, has raised $100 million, funding that it will be used to continue expanding its platform. Placer has confirmed that the round values it at $1 billion.
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