Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 61)

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.

Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 60)

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.

Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 57)

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.

Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 56)

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.

Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 53)

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.

Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 52)

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.

Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 51)

The “Clean Energy Technologies Market by Technology (Hydropower, Clean coal, Wind, Solar, and Others) and Geography (APAC, Europe, North America, and ROW) – Forecast and Analysis 2021-2025” report projects that the potential growth difference for the clean energy technologies market between 2020 and 2025 is USD 81.65 billion. The report also identifies the market to register an accelerating growth momentum at a CAGR of 5.22% during the forecast period.

Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 50)

Breakthrough Energy Catalyst, a private-public fund backed by Microsoft billionaire Bill Gates, is planning to help invest up to $15 billion into clean tech projects across the U.S., the U.K. and the European Union. In order to deploy $15 billion, Goldman told the FT that the fund plans to use innovative financial structures and partnership agreements. “We are last-mile financing and so, we will be the most risky capital in there,” Goldman said. “We’re really trying to demonstrate which of the technological pathways are going to be most effective.”

Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 49)

Breakthrough Energy Catalyst, a private-public fund backed by Microsoft billionaire Bill Gates, is planning to help invest up to $15 billion into clean tech projects across the U.S., the U.K. and the European Union. In order to deploy $15 billion, Goldman told the FT that the fund plans to use innovative financial structures and partnership agreements. “We are last-mile financing and so, we will be the most risky capital in there,” Goldman said. “We’re really trying to demonstrate which of the technological pathways are going to be most effective.”

Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 48)

Toronto-based 1Password said on Wednesday it had raised $620 million in a funding round led by investment firm ICONIQ Growth, which more than tripled its valuation, as the cybersecurity startup aims for strategic acquisitions to boost its growth. Hollywood stars including Ryan Reynolds, Scarlett Johansson, Robert Downey Jr and Ashton Kutcher also participated in one of the largest rounds in the security funding space that valued the company at $6.8 billion.