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ADIA invests $500 million in Lenskart Mar 16, 2023

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Lenskart has signed a definitive agreement to raise $500 million from the Abu Dhabi Investment Authority, they said Wednesday, at the height of the market slump as the Indian eyewear retailer bulks up its offerings and scales to international markets.

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LexxPluss expands into US with its warehouse robots Mar 16, 2023

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When Masaya Aso worked on autonomous driving technology at Bosch in Japan and Germany, he realized that “many tasks were still manual as over 85% of warehouses have almost no automation at all.”Â

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Medwing, a recruitment marketplace for Europe’s healthcare workforce, raises $47M Mar 15, 2023

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Medwing, a European startup building a recruitment marketplace for healthcare workers, has raised €44 million ($47 million) in a Series C round of funding.

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AG5 throws a lifeline to a manufacturing industry drowning in spreadsheets Mar 15, 2023

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You’d think that an industry like manufacturing had its own software stack, but in a lot of cases, a huge amount of getting-things-made is managed through Excel spreadsheets.

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Cloud security vendor Mitiga lands $45M, valuing the company at over $100M Mar 14, 2023

Show notes

Companies moved en masse to the cloud during the pandemic, under pressure to digitally transform. According to a 2021 survey from O’Reilly, cloud adoption steadily rose across industries, with 90% of organizations using cloud computing compared to 88% in 2020.

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Deel makes over $120M of its own cash available to support customers affected by SVB crisis Mar 14, 2023

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Global payroll provider Deel plans to provide $120 million of its own cash off its balance sheet to support startups’ payroll operations in the wake of Silicon Valley Bank shutting down.

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After SVB failure, regulators close crypto-friendly bank Signature Bank Mar 13, 2023

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Signature Bank is the second casualty of the ongoing banking crisis in the U.S. The New York-based financial institution stopped operating abruptly on Sunday — customers will be made whole.

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Bach, an app for planning bachelorette trips and group travel experiences, raises $9M Mar 13, 2023

Show notes

Bach, an app for planning bachelorette trips and group travel experiences, has announced $9 million in Series A funding led by Pritzker Group Venture Capital.

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Synctera raises $15M to help companies launch embedded banking products in Canada Mar 10, 2023

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Synctera, a banking-as-a-service startup, has raised an additional $15 million as it expands into Canada. NAventures, the corporate venture arm of National Bank of Canada, led the financing, which brings Synctera’s total raised to $60 million since its June 2020 inception.

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MentorcliQ raises over $80 million to grow its employee mentoring software and services Mar 10, 2023

Show notes

For years, Phil George was the executive sponsor of a mentoring program at McMaster-Carr, an industrial hardware supplier, where he spent weeks trying to match program participants with only scant information about them to go on.

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