US Southeast surges ahead as other regions see VC funding decline
It seems everything is doom and gloom in the U.S. venture market, between startup layoffs and declining venture deal counts to an essentially moribund exit environment. But there are bright spots, one of which being the Southeast region, which is on track for its best year yet.
The Southeast region
Sono Motors reveals final design of its solar-charging Sion EV
Sono Motors unveiled this week the final production design of the Sion EV, a solar electric vehicle that’s been in the making since the Munich-based startup launched in 2016.
It’s been a long and bumpy road for Sono Motors, a journey that involved a couple of crowdfunding campaigns, a n
Balance raises $56M to tip the one-click checkout scales in favor of B2B merchants
There are many companies bringing one-click checkout to the direct-to-consumer marketplace, but few are developing similar tools for the business-to-business marketplace. B2B payment volume is five times the size of business-to-consumer retail payments, yet much of those payments are not being done
New York City’s Interplay is raising $10M for new blockchain fund
We’ve seen a number of new web3-focused venture fund launches in the past month from large traditional VCs, including Lightspeed, as well as smaller, crypto-native firms such as Valkyrie. Although crypto startups have had a tougher time attracting capital, venture firms seem to be raking in m
Babbel brings its B2B language learning service to the US
Babbel, the popular subscription-based online language learning service, today announced a couple of updates about its U.S. businesses — the Berlin-based company’s largest market by overall revenue and its fastest-growing one, too. In the first half of 2022, the company sold more than 1
Resourcely helps automate security, so developers can concentrate on coding
When Resourcely co-founder and CEO Travis McPeak was working at Netflix, he recognized a significant tension that existed between security and speed. If you move fast, you really do tend to break things and security suffers. While at Netflix, he helped build a system where security was baked in.
He
3 ways founders can turn feedback into action
People say they love feedback, but the truth is, most times we don't know what to do with it. Especially when that feedback is constant, plentiful and contradictory. That's the reality most startup founders face: They're routinely bombarded with feedback from investors, customers, peers
Struck Capital ploughs $15M into spinning up its own startups
What do you do when you get pitched a bunch of really nice startups but you think you can do even better? You roll your own, of course. Or, at least, that’s what Struck Capital is giving a whirl with a $15 million fund and a team of experienced company builders, in addition to its existing $2
Fintech Guava raises $2.4M to provide banking services to Black small-business owners
Guava, a banking and networking platform targeting Black entrepreneurs, announced today the closing of a $2.4 million pre-seed round led by Heron Rock.
Founded last year by Kelly Ifill, the company aims to narrow the racial wealth gap by providing financial services to Black small businesses and cr
Former a16z partner starts solo fund to back early-stage fintech startups
In 2015, Rex Salisbury was working as a software engineer at now-defunct mortgage startup Sindeo where he built out the back end for fully automated online mortgage pre-approval.
At the time, he was working for Andy Carra, who served as that company's CTO after co-founding SoFi.
Holey Grail Donuts bites into $9M for Los Angeles retail expansion
Holey Grail Donuts started selling its hand-fried, made-to-order taro donuts on Sunday mornings out of a little red burger trailer in Kauai in 2018.
Four years and hundreds of long lines later, the truck is still there, but the company is taking on what co-founder Nile Dreiling calls “a stale $40
Corporate travel tech platform Spotnana nabs $75M
Spotnana, a self-proclaimed “travel-as-a-service” platform that targets corporations, travel management firms and other technology companies with a cloud-based toolset for booking and managing travel, has raised $75 million in a series B funding round.
The raise comes less than a year a
Krafton says it has invested over $100 million in India and wants to become more than just a gaming company
Krafton, the brand behind some of the world’s most popular video games, says it has already deployed the $100 million it had committed to the Indian market two years ago in the South Asian nation and is gearing up to launch several new titles in the country.
The four-year-old South Korean fir
Insightly helps engineering teams increase productivity and reduce burnout
Insightly Analytics helps engineering teams stop problems before they happen, like slow release cycles, bottlenecks and uneven workload distribution that can lead to employee burnout. The San Francisco and Hyderabad-based startup announced today it has raised $1 million led by Together Fund, which