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Funding News

US accused of blocking UN climate talks amid protests

Bangkok - The United States, despite withdrawing from a landmark accord aimed at curbing climate change, is stonewalling vital UN talks over how to fund poorer nations as they battle against global warming, multiple sources told AFP Saturday.

US hampering key UN climate talks in Bangkok: sources

Bangkok - The United States, despite withdrawing from a landmark accord aimed at curbing climate change, is stonewalling vital UN talks in a row over how poorer nations' battle against global warming is funded, sources told AFP Saturday.

Rival to WeWork China raises $120 million

MyDreamPlus, a co-working startup with spaces in big cities around China, recently raised a $120 million Series C funding round.

A startup that sells no branded products raised $240 million

A startup that sells unbranded products recently announced a $240 million Series C round. Brandless, the company, sells household staples for $3 each.

Black women–led startups in the US more than doubled in a year

ProjectDiane publishes a report every two years that provides a closer look at the state of black female founders in the US.

Q2'18 was good to US-based AI startups

PwC and CB Insights have released their MoneyTree™ Report for Q2 2018 and US-based artificial intelligence companies saw an increase in funding, but not an increase in deals.

VC firms should diversify to improve financial performance

A Harvard University study on diversity's effect within the venture capital industry, focusing on measures of financial performance, has found that having diversity on a team improves a VC firm's overall fund returns, among other things.

Australian fintech startup raises $80 million in funding round

In what's being called the second largest funding round in Australian history, Melbourne-based fintech startup Airwallex announced yesterday the completion of their Series B funding round that raised USD$80 million (AUD$108 million).

Female-founded VIPKID raises $500 million in latest funding round

The Beijing-based startup, co-founded by now-CEO Cindy Mi, that connects english-speaking tutors with students online is now being valued at over $3 billion. VIPKID is one of 23 'unicorns' in the world with a female founder.

Cybersecurity company raises $120 million in latest funding round

Cylance, a provider of cybersecurity-related products and services that markets themselves as being able to prevent attacks years before the attack is even launched, raised $120 million in their Series E funding round.

This week saw some big funding rounds across all sectors

The past seven days saw some truly massive funding rounds across all sectors. From a new way to sell property to an insurtech startup, here are three big winners from this week.

Slower and lower funding leaves Canadian startups trailing U.S.

A University of Toronto study found that the Canadian innovation sector is lagging behind the U.S. because of the amount of money being invested into the space, and at what rate startup companies get that money.

Ukraine probes former PM's 'campaign funding' by Kadhafi

Kiev - Ukrainian anti-corruption investigators on Thursday told AFP they were looking into whether former prime minister Yulia Tymoshenko took cash from Moamer Kadhafi's regime in Libya for a presidential campaign.

DOE announces $3 million in funding for HPC in manufacturing

Washington - On February 1, the Department of Energy announced up to $3 million will be made available to U.S. manufacturers for public/private projects aimed at applying high-performance computing to industry challenges for the advancement of energy innovation.

Trump wants to withdraw funding for International Space Station

It has been learned the Trump administration is preparing to end support for the International Space Station (ISS) program by 2025, to free up resources for higher priority, deep space missions such as Mars.

For Palestinian refugees, US cuts spell 'catastrophe'

- The UN's agency for Palestinian refugees is the only reason Umm Mohamed could afford a C-section delivery, send her five children to school or have her rubbish collected.

Sweden warns against cutting US aid to Palestinians

New York - Sweden, a big donor country that has recognized Palestine as a state, warned Tuesday that any US decision to withdraw funds to the UN agency for Palestinians would be destabilizing for the Middle East.

New York offers $3.5 million in funding to accelerate EV use

New York - New York state's Governor Andrew M. Cuomo announced the availability of $3.5 million in funding for innovative research and development (R&D) proposals to accelerate the use of electric vehicles in support of his aim to reduce greenhouse gases.

Lyft lifted by $1bn investment led by Google subsidiary

Ride-hailing service Lyft has raised $1 billion in a funding round led by Google investment firm CapitalG. The Uber rival is now worth $11bn, giving it more spending power as it expands its presence around the world. Uber has recently faced some setbacks.

Google announces AI fund to 'make science fiction nonfiction'

Google has announced a new venture capital fund that it will use to help innovative AI companies bring their products to market. The company said it wants to make the technologies of science fiction reality by giving entrepreneurs the resources they need.

Startup Dandelion uses geothermal energy to heat and cool homes

Dandelion, a company that makes geothermal cooling and heating systems for homes, was incubated for two years inside Alphabet's innovative Moonshot lab. Now, after raising $2.0 million, the company has taken root and is set to launch.

UN chief set to lobby US Congress next week to save funding

New York - Drastic cuts in US funding to the United Nations would create an "insolvable problem" for the world body, UN Secretary-General Antonio Guterres said Tuesday as he announced plans to lobby US lawmakers to reject the cutbacks.

Funding increased to fight neglected tropical diseases

London - The British government has invested an extra £200 million ($225 million) into various programs designed to fight the world's neglected tropical diseases.

Global Warming and rising seas — Alaska village votes to relocate

Shishmaref - The coastal village of Shishmaref, Alaska voted to relocate away from their ancestral home on Wednesday, although they won't be going anyplace anytime soon. Rising sea levels due to climate change have left the village at risk for flooding.

Top food companies urging funding to combat antibiotic resistance

A large number of the nation's top food companies and others sent a letter to Congress this week, urging lawmakers to include funding in the Fiscal Year 2017 budget for the National Action Plan for Combating Antibiotic- Resistant Bacteria.

UN appeals for record $20.1-bn for aid work in 2016

Ginebra - The United Nations appealed Monday for a record $20.1 billion (18.6 billion euros) to provide aid to a surging number of people hit by conflicts and disasters around the globe.

Shipwrecks along U.S. coastal waters pose environmental threat

In the past 100 years, commerce and warfare have left the coastal waters of the United States littered with thousands of sunken vessels. Even though shipwrecks are fascinating, there are now environmental concerns that need to be addressed.

Discovery engine Flipora announces $1.5 million in funding

Just after releasing its iPhone mobile app in May, game-changing content discovery company Flipora announces $1.5 in funding

PandaDoc closes $5 million Series A to enhance sales automation

PandaDoc, a document automation solution for sales reps, recently closed a $5 million Series A round of funding. With funding it looks to expand its team of 35.

Snapchat is now worth over $16bn, snaps up $538m more funding

Popular messaging app Snapchat has raised another $537.6 million by selling off stock, leaving it valued at $16 billion. The app has gone from strength to strength since launch, helped by its popularity with teenagers and simple but intuitive appeal.
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