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The Year is Coming to a Close, But Startup News Keeps Rolling In
As the year draws to a close, the world of startups continues to be filled with exciting and unexpected developments. A slew of notable fundraising rounds took place recently, with some companies securing impressive sums to fuel their growth.
One such story is that of Finnish wearable startup Oura, which raised $200 million in Series D funding at a valuation of $5.2 billion. This significant round included participation from Fidelity Management and glucose device maker Dexcom, further solidifying the company’s position in the market. This development comes on the heels of a recent partnership between Oura and Dexcom to expand their offerings.
Another notable story involves travel startup Hostaway, which received $365 million in funding at a valuation of $925 million. Led by General Atlantic, this massive round will enable the company to accelerate its growth plans.
In other news, Evinced secured a $55 million Series C round to help it expand into Europe as new regulations take effect in June. This expansion is a testament to the growing importance of online accessibility and the demand for companies that can provide such services.
Additionally, AI startup Decart managed to secure $32 million in funding at a valuation of $500 million, just two months after emerging from stealth mode. This impressive feat speaks to the rapid growth potential of this company.
Turkey-based mobile game developer Agave Games also made headlines by securing an $18 million Series A round. The company plans to use these funds to expand its team and work on new titles.
In the world of venture capital, Marcy Venture Partners merged with Pendulum Opportunities to form MarcyPen Capital Partners, giving it a whopping $900 million in assets under management.
Furthermore, Backstage Capital founder Arlan Hamilton has announced that she will be transitioning into an advisory role, while 360 Venture Collective will acquire a significant stake in the company and join in co-managing operators.
Source: techcrunch.com
