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Decentralized Derivatives Protocol ZKX Raises $4.5m in Seed Funding from StarkWare, Alameda Research & More

DUBAI, United Arab Emirates, July 14 (Korea Bizwire) – ZKX, the first permissionless derivatives trading protocol built on StarkNet, StarkWare’s L2 network that leverages ZK rollups, announced it has raised $4.5m in seed funding. Investors include StarkWare, Alameda Research, Amber Group, Huobi, Crypto.com and others. In addition, ZKX received investment from notable individual investors including Sandeep [...]

BioLumic Raises $13.5 Million in Series B Financing

NEW YORK, June 21 (Korea Bizwire) — BioLumic Inc. (“BioLumic”) today announced the closing of a $13.5-million Series B funding round that will be used to accelerate commercial growth for its cutting-edge, patented agricultural technology that harnesses the power of ultraviolet light to improve plant productivity. The funding round is led by OurCrowd and is [...]

E-Learning Virtual Reality Startup GeniusX Closes $1.68M in Series Seed to Create Educational Content in the Metaverse

PHOENIX, June 11 (Korea Bizwire) — In June 2022, GeniusX Inc. announced the closing of $1.68M in seed funding at a $20M market cap. As an indie development studio in the frenzied virtual reality ecosystem with a concentration in VR Education, the CEO & Co-Founder, Nick Janicki, says, “Our mission is to create experiences that [...]

TIS Secures €50 Million Debt Facility from Kreos Capital

HEIDELBERG, Germany, June 7 (Korea Bizwire) — Today, enterprise B2B payments leader Treasury Intelligence Solutions (TIS) announced the successful arrangement of a new debt facility with Kreos Capital that will provide up to €50 million in financing. Kreos Capital, the leading growth debt provider in Europe, facilitated the deal to provide TIS with additional funding to execute a variety of strategic [...]

crop.zone Secures USD 11 Million Equity Funding

AACHEN, Germany, June 7 (Korea Bizwire) — Good news for herbicide-free agriculture. crop.zone, manufacturer of the volt.fuel Electrical Weeding System, has significantly strengthened its capital base for entering into serial production. Existing shareholders (incl. Nufarm Limited) and new financial investors (Demeter Investment Managers, Madaus Capital Partners) have increased the equity base of the Aachen-based company by almost 11 [...]

Devo Announces $100 Million Funding Round Led by Eurazeo to Fuel Global Expansion and Acquisitions

CAMBRIDGE, Mass., June 2 (Korea Bizwire) – Devo Technology, the cloud-native logging and security analytics company, today announced $100 million in Series F funding at a valuation of $2 billion. Eurazeo—a leading global investment firm with over $30 billion in assets under management—led the round, and all other existing investors—Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture [...]

Velocity Global Raises $400M in Series B Growth Round

DENVER, US, May 23 (Korea Bizwire) – Velocity Global, the leading provider of global talent solutions, announced today that it raised $400 million in its Series B funding round, increasing the company’s valuation seven-fold since the same time last year. This second round of funding is led by Eldridge and Norwest Venture Partners which join Series A investor FFL Partners [...]

Crowdz Secures $10M Strategic Investment, Led by Citi and Global Cleantech Capital

CAMPBELL, Calif., May 16 (Korea Bizwire) — Small and mid-sized enterprise (SME) finance platform Crowdz has secured $10 million in investment, led by Citi and Global Cleantech Capital, with participation from Bold Capital Partners, TFX Capital, and Augment Ventures. Citi’s investment was led by the Spread Products Investment Technologies (SPRINT) team, the strategic investing arm of the [...]

CUHK Business School Research Suggests Supply Chain Health Serves as a New Way to Predict Credit Ratings

HONG KONG SAR, May 12 (Korea Bizwire) - Investors have used credit ratings to assess a company’s financing risk, but small- and medium-sized enterprises (SMEs) are often completely left out of the game. A CUHK Business School-led study promises to level the playing field and change the credit-rating landscape by looking into supply chain factors. It [...]

Lighthouse Labs Raises US$7M Seed Round, Co-led by Accel, BlockTower and Animoca Brands, to Build the Open Metaverse Navigation Engine

MONTREAL, May 11 (Korea Bizwire) — Lighthouse, the company building the open metaverse navigation engine, today announces that it has raised a US$7 million seed round co-led by Accel, BlockTower and Animoca Brands. The round includes participation from White Star Capital, Sparkle Ventures, Gemini Frontier Fund, The Graph core developers StreamingFast, Tiny VC and angels [...]