Top startups news to follow this week: 1. Startups keep laying off swaths of employees as the downturn continues - TechCrunch 2. With biotech in retreat, Third Rock Ventures raises $1B for life sciences investing 3. Raleigh diagnostics startup Gemelli Biotech closes $19M Series A – investors include Carolina Angel Network 4. Zomato acquires Blinkit for $568 million in instant-grocery delivery push 5. AI-Powered Hong Kong Biotech Startup Raises $60 Million From Top VCs Including B Capital, Qiming - Forbes 6. Security-as-code startup JIT comes out of stealth with $38.5M in seed funding 7 ..read more

Top startups news to follow this week: -  French startup Sweep picks up €66.5 million for its leading carbon management platform, reports EU Startups - 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. - Evok Innovations, a venture firm committed to developing and deploying cutting-edge clean energy technology, last week announced the first close of its $300 million Fund II, with half the capital committed by a group of st ..read more

Top startups news to follow this week: -  The global biopharmaceutical market size is expected to hit US$ 856.1 billion by 2030 and is expanding growth at a noteworthy CAGR of 12.5% from 2021 to 2030. - The $30 million fund called Curated is devoted to buying and holding NFT artwork. The fund plans to invest about half of the fund in so-called “blue-chip NFTs,” including popular projects like CryptoPunks, Art Blocks and Bored Apes, as well as works from popular artists selling singular NFT works. - By 2032, the Hazardous Area Equipment Market to be worth US$ 16139.80 Billion; Gr ..read more

Top startups news to follow this week: -  The Research and Development (R&D) tax credit lets businesses deduct R&D expenses up to $250,000 per year from payroll tax, or an unlimited amount against income tax if your startup qualifies. Over several years, this credit could save you millions of dollars. - 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. - Amid biotech downturn, Atlas raises $450M to build new drug startups, a ret ..read more

Top startups news to follow this week: -  As per Zion Market Research study, The Global Biotechnology Reagents Market accounted for USD 77.4 Billion in 2020 and is expected to reach USD 159.2 Billion by 2028. - Beam, a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. - The investors behind virtual hack.summit(), the world’s largest blockchain programmer event, have launched a $200 million crypto seed fund under the Hack VC umbrella, fund par ..read more

Top startups news to follow this week: -  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. - Jumpstart Nova fund, launched in 2021 to invest exclusively in Black health-tech firms, has raised $55 million from investors including Eli Lilly, HCA Healthcare and Bank of America. For Black-led startups, the lack of diversity in ..read more

Top startups news to follow this week: -  French Presidency of the Council of the European Union, France will focus on talent attractiveness and funding. There are some commitments to facilitate the creation of 10 to 20 late-stage investment funds with at least €1 billion under management and a boost in deep-tech financing. - Specialist VC (formerly known as United Angels VC) has announced the first close of a new €50 million fund at €42 million. The main focus of the fund is on pre-seed and seed stage startups and is the first of its kind in the Baltic region to implement a dual str ..read more

Top startups news to follow this week: -  Rise in prevalence of chronic diseases to help Digital Health market gain Valuation of US$ 1.2 Trn by 2028. The global digital health market is estimated to expand at a CAGR of 18.3% during the forecast period from 2021 to 2028, according to a study by Transparency Market Research (TMR). - BUSINESS WIRE reports that the global market for Biorefinery estimated at US$553.7 Billion in the year 2020, is projected to reach a revised size of US$979.5 Billion by 2026, growing at a CAGR of 9.8% over the analysis period. - Artisanal Ventures, a B ..read more

Top startups news to follow this week:   -  Esusu becomes unicorn with SoftBank Vision Fund 2-led $130M funding. Esusu, a fintech that targets immigrant and minority groups and provides rent reporting and data solutions for credit building, said Thursday it has raised $130 million in a Series B fundraising round. - Intellect, the Singapore-based mental health startup focused primarily on Asia-Pacific markets, announced today it has raised a $10 million Series A. The company’s services, including self-directed mental wellness programs in 15 languages and online therapy sessions ..read more

Top startups news to follow this week: -  French robotic exoskeleton maker Wandercraft eyes US expansion courtesy of a $45M Series C. - Grocery delivery startup Calii is carving out a piece of Latin America’s $1 trillion groceries and food delivery market with its approach to cut inefficiencies in the food supply chain so it can bring produce and thousands of other grocery items to customers’ doorsteps in less than two hours. - French startup Exotec has raised a $335 million Series D round in a new round of funding led by Goldman Sachs’ Growth Equity ..read more