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1 month ago | 
techfundingnews.com | Sofia Chesnokova |bySofia Chesnokova |byAbhinaya Prabhu
Despite antibodies’ advantages in specificity and safety, no approved antibody drugs currently target ion channels. This gap, particularly in treating diseases driven by ion channels and G-protein-coupled receptors (GPCRs), represents a significant medical challenge. Maxion Therapeutics addresses this limitation through its KnotBody platform, which combines antibodies with cysteine-rich miniproteins (knottins) to create potent and selective treatments for these previously untargetable proteins.
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1 month ago | 
techfundingnews.com | Sofia Chesnokova |bySofia Chesnokova |byAbhinaya Prabhu
Adara Ventures, a European venture capital firm specialising in early-stage deep tech investments, has announced the successful first close of its fourth flagship fund (AV4), targeting €100 million in capital commitments. This new fund strengthens Adara’s focus on delivering strong returns in strategic sectors, including cybersecurity, applied AI, digital infrastructure, hardware components, digital health, and space.
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1 month ago | 
techfundingnews.com | Sofia Chesnokova |bySofia Chesnokova |byAbhinaya Prabhu
During our visit to Lithuania, we discovered the “Vinted mafia” — a network of new companies founded by former Vinted employees. This trend extends to other innovative Lithuanian firms like Revolut, whose former engineer Nick Denisenko now leads Brighty, a company bridging cryptocurrency with everyday financial needs. In December 2024, Brighty secured $10 million to make cryptocurrency as accessible as traditional money.
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1 month ago | 
techfundingnews.com | Sofia Chesnokova |bySofia Chesnokova |byAbhinaya Prabhu
The traditional pet insurance and care market suffers from fragmentation, slow claim processing, limited veterinary advice access, and impersonal service. Despite industry growth, pet owners struggle to find comprehensive, convenient care solutions. Dalma, with its innovative approach, addresses these challenges with a complete pet care platform offering quick reimbursement (within 48 hours), unlimited live vet chats, direct veterinary payments, and an e-commerce marketplace for pet products.
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1 month ago | 
techfundingnews.com | Abhinaya Prabhu |byAbhinaya Prabhu |bySofia Chesnokova
Dexterity is continuing to make waves in the robotics industry. In a recent funding round, the company got $95 million, pushing its post-money valuation to $1.65 billion, per Bloomberg. With this, the total funding raised by the company to date is $300 million. The investment, led by Lightspeed Venture Partners and Sumitomo Corp., underscores the growing demand for AI-powered robotics.
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1 month ago | 
techfundingnews.com | Sofia Chesnokova |byAbhinaya Prabhu |bySofia Chesnokova
In the U.S., law enforcement solves only 46% of violent crimes and 17% of property crimes, highlighting a critical need for modern investigative tools. Flock Safety addresses this gap by leveraging technology for proactive crime prevention and community security.
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1 month ago | 
techfundingnews.com | Sofia Chesnokova |bySofia Chesnokova |byAbhinaya Prabhu
Earlier this week, Northvolt, the Swedish battery manufacturer once valued at $12 billion and viewed as Europe’s best hope for competing with Asian battery giants, filed for bankruptcy. After failing to secure additional funding, the company officially declared bankruptcy on Wednesday, March 12, 2025. The cleantech startup had previously filed for Chapter 11 bankruptcy protection following a decade of unsustainable ambitious expansion.
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1 month ago | 
techfundingnews.com | Sofia Chesnokova |bySofia Chesnokova |byAbhinaya Prabhu
Around 90% of drugs proven safe and effective in animals fail to work as intended in humans, leading to high failure rates in drug discovery. ImmuONE addresses this challenge with its pioneering human lung model, which delivers more accurate and relevant results for predicting human drug safety and efficacy. The UK-based biotech startup has secured an additional £600,000 from the Midlands Engine Investment Fund, Mercia Ventures, and Pioneer Group to advance its animal testing alternative.
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1 month ago | 
techfundingnews.com | Abhinaya Prabhu |bySofia Chesnokova |byAbhinaya Prabhu
In a stride toward revolutionising enterprise search, Onyx, an open-source AI research agent, has secured a $10 million seed funding. The round was co-led by Khosla Ventures and First Round Capital. The investment from Y Combinator and notable angels, including Gokul Rajaram (Coinbase, Pinterest), Arash Ferdosi (Dropbox), Amit Agarwal (Datadog), and Kulveer Taggar (Zeus Living).
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1 month ago | 
techfundingnews.com | Sofia Chesnokova |bySofia Chesnokova |byAbhinaya Prabhu
The European AI market is experiencing rapid growth, fueled by increasing healthcare adoption, integration with emerging technologies, and greater access to big data. Yet Europe faces key challenges in AI adoption: regulatory complexities, trust concerns, and a digital skills gap. OpenOcean has announced its fourth venture fund to address these challenges and seize market opportunities.
