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Welcome to Startups Weekly — your hebdomadal recap of everything you ca n’t miss from the populace of startups . need it in your inbox every Friday?Sign up here .
This calendar week was a bit of a carryover from the one before as Bolt ’s drama keeps unfold — another story to be continued . But capital also pilot to inauguration with traction , VC pecuniary resource with runway record , and desirable theses .
Most interesting startup stories from the week
Some stories go forth and die in a affair of days . Others require us to stay tuned for more , and this week bring us several of these .
Bolt goop : It ’s no overstatement to say that the radioactive dust after Bolt ’s letter to investorshas been wild . The $ 14 billion valuation the fintech startup order it was look for seemed as shocking as the terms of the possible pile . Now one of its proposed new backers , The London Fund , has been find to bescrubbing its vane Thomas Nelson Page , and the saga is likely not over .
Board atmospheric pressure : Ailing startup Fluid Truck , a Zipcar for commercial truck , envision its boardoust its sibling atomic number 27 - foundersamid allegement of mismanaging funds , sources said . The leadership shake - up follows several round of layoff and other price - cutting measure , which clear were n’t the end of the story .
nutrient squared : Only a few weeks after GrubMarket acquired Good Eggs for an unrevealed sum , the $ 3.6 billion food delivery and supply chain inauguration made another attainment . This time , its target was FreshGoGo , a New York - ground B2C platform betray Asiatic grocery and ready - made dish . The companies did n’t disclose the full term of the passel , which may not be the last as the food obstetrical delivery space go along on consolidating .
White House shuffling : AI expert Andrew Ngstepped down as CEO of Landing AI , the computer vision troupe he co - founded , which will now be head by ex-wife - COO Dan Maloney . As for Ng , he transition to an executive chairman role , but we also expect to listen more newsfrom his AI Fundsoon .
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Open pocketbook : OpenAI is reportedly in negotiation to close a unexampled backing daily round head by late angel Thrive Capitalat a rating of more than $ 100 billion . Once again , remain tuned .
Most interesting fundraises this week
At the risk of state the obvious , fundraising is a sight easier when you have grip , and news this hebdomad confirmed this .
Enterprise resourcefulness planning : Opkey , an AI - base ERP testing platform , hasclosed a $ 47 million Series B daily round of funding . ERP apps are a large source of IT spend for braggy organizations , which makes automated testing worthful . This serve the company fasten 200 large enterprise customers and partnership with organization integrators like KPMG and PwC.
Skills for invoice : With swarm expend another top concern for commercial enterprise , nOpsraised a $ 30 million Series A to help companies optimize their AWS bill . The company also said that its customer bag develop 450 % over the retiring 18 months .
Fast money : Comun , a neobank focused on serving Latino immigrant in the United States , has raiseda $ 21.5 million Series Aless than nine calendar month after its previous round thanks to its adhesive friction : It describe growing monthly revenue by “ 50x ” in the first six months of 2024 . Its founders plan to use the capital to grow the team in lodge to scale and establish fresh products .
Big Pisces : Canadian AI startup Viggleraised a $ 19 million Series Aled by Andreessen Horowitz , with participation from Two lowly Pisces the Fishes . The fellowship is creditworthy for JST-1 , a 3D - TV foundation model it trained on YouTube video recording , which let users control alive reference , inspiring many meme .
Most interesting VC and fund news this week
Swiss - made : Helped by its track record , Redalpine , a scientific discipline - heavy European VC firm created in 2006 , raised$200 million for its seventh early - phase fund . With offices in Zurich and Berlin , it also plan to afford one in London , partially due to its interest in university spinouts .
meliorate cancer care : With$30 million in committed Washington , Oncology Ventures is a fresh VC firm that will fall in the social status of other Cancer the Crab - focused VC firms — but with a direction on startups that improve patient care . It is led by Ben Freeberg , a solo GP and cancer survivor .
ICYMI : Being a solo GP or even a small VC fund is knockout , but the SEC justmade life a little easier for emerging fund . The one dollar bill doorstep for a fomite to be considered a “ qualify speculation investment trust ” and benefit from corresponding exemptions is now $ 12 million , up from $ 10 million .
