According to a report by industry grouping IVCA and EY, investments into startups by venture capital funds have halved to $1.6 billion across 82 deals in the month under review – which resulted in pulling down of the overall number. On the other hand, the report highlighted that in April this year, investments classified as those for ‘growth’ recorded a three-fold jump from the year-ago period to $ 2.8 billion.
The global biotechnology services market is expected to grow from $129.14 billion in 2021 to $151.10 billion in 2022 at a compound annual growth rate (CAGR) of 17.0%. The growth in the market is mainly due to companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The north American digital health market is touted to reach a valuation of USD 261 billion by 2027. The adoption of IT solutions in healthcare, and the demand for advanced treatments is increasing among patients which are creating a positive industry outlook. Also, the high prevalence of chronic diseases like diabetes and heart diseases, increasing incidence of obesity, surging demand for remote patient monitoring services, and growing patient engagement & connectivity are aiding the industry growth.
SeaX Ventures (Southeast Asia Exponential Ventures), with operations in the US & Thailand, has announced the close of its second fund to help accelerate the growth of global startups throughout Southeast Asia.
Indian startup Meesho, which counts Facebook-owner Meta Platforms and SoftBank Group’s Vision Fund 2 as its investors, is aiming to go public in early 2023, a source familiar with the matter told Reuters. The Bengaluru-based social commerce platform is working to be ready for a listing by the end of 2022 and is evaluating both Indian and U.S. exchanges, according to an internal document seen by Reuters.
E-commerce startup Fabric, led by Amazon vets, raises $140M at $1.5B valuation to pursue ‘absurd’ market opportunity. GeekWire reports that Fabric, a Seattle-based e-commerce technology startup whose leadership team includes several former Amazon executives, announced a $140 million Series C funding round, led by SoftBank, at a valuation of about $1.5 billion.
the U.S. House of Representatives passed the America COMPETES Act to expand immigration opportunities for foreign-born scientists and engineers. If retained during negotiations with the Senate, the measures in the bill could become the most significant on legal immigration to pass Congress in more than 30 years.
SmartGate VC, a Silicon Valley pre-seed venture capital fund has launched a new Acceleration Program Hero House Glendale to help startups in Eastern Europe to get into the U.S. market. Through 12 week program, startups will have the opportunity to set up their sales and growth hackings in the United States.
Welcome to “Hye Tech Minds” – an exclusive podcast featuring successful and inspiring Armenian tech communities around the globe. My name is Narine and I’ll be your host for this new show.