Published on: 2025-07-02 07:05:00
Cairo-based Sylndr has raised $15.7 million as it expands beyond online used car sales into auto financing, servicing, and tools for dealers. Development Partners International’s Nclude Fund led the round. The company, which operates in Egypt’s fast-growing but under-digitized vehicle market, said the latest round includes both fresh equity and previously unannounced seed financing. Sylndr also raised nearly $10 million in debt financing from local banks in the past year, bringing its total ra
Keywords: cars egypt financing sylndr used
Find related items on AmazonPublished on: 2025-07-03 16:05:52
The European Investment Bank (EIB) will invest €70 billion into Europe's technology sector by 2027, aiming to close the innovation gap with the United States. This initiative seeks to strengthen Europe's position in emerging technologies like artificial intelligence and military drones and to draw increased private investment, potentially unlocking €250 billion for the sector. EIB President Nadia Calviño emphasizes the bank's willingness to take more risks, notably speeding up the venture capita
Keywords: eib europe financing innovation tech
Find related items on AmazonPublished on: 2025-08-14 09:08:25
Swedish Fintech startup Froda has secured a $22.7 million (€20m) Series B round led by Incore Invest, also based in Sweden. The move bucks the trend of a slight slowdown in investments into fintech, plus a further confirmation of the long-term trend towards the ’embedded finance’ model. Largely operating in northern European countries from Finland down to the UK, Froda offers debt financing for small businesses (SMEs) and is embedded in verticals such as marketplaces or payment platforms. The i
Keywords: embedded financing froda sme smes
Find related items on AmazonPublished on: 2025-10-01 03:13:02
Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday. In its statement, Plenty said it has received a commitment for $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan. It plans to continue to operate a strawberry farm in Virginia and a plant science research and development (R&D) center in Wyoming. Debtor-in-possession financing is financing for firms in Chapter 11 bankruptcy. Since its 2014 inception, S
Keywords: 2023 bankruptcy billion financing million
Find related items on AmazonPublished on: 2025-10-08 15:00:00
Dataminr, a data analytics company that counts NATO and OpenAI among its customers, has raised $85 million in a combination of convertible financing and credit, Dataminr announced on Wednesday. It’s chump change for Dataminr, which closed a $475 million round at a $4.1 billion valuation in 2021. But the company has seen its fair share of downs as well as ups. In November 2023, Dataminr laid off 20% of its staff as it raced to fend off economic headwinds and “doubled down” on AI. “The new capit
Keywords: ai dataminr financing million new
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