Awards
April 12, 2024
Europe
Forbes Europe 30 Under 30 2024 list features 12 Sigma Squared Fellows
The 2024 Forbes Europe 30 Under 30 list has unveiled its latest cohort, highlighting 12 exceptional Sigma Squared Fellows spanning Technology, Social Impact, Finance, Media & Marketing, and Healthcare & Science. This year's lineup reflects the growing influence and economic prowess of young leaders. The entrepreneurs and innovators featured on the 2024 list have collectively raised over $1 billion, spearheading transformative ventures.
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Fundraising announcement
March 27, 2024
Singapore
peaq raises $15M to expand its DePIN ecosystem
peaq has raised $15M to strengthen its web3 network, which enables communities to mobilise around improving physical infrastructure, as the company prepares for launch. Currently, peaq hosts 20 decentralized physical infrastructure networks (DePINs), decentralized apps that use tokens to incentivize people to crowdsource and build connected real-world infrastructure. The funding anticipates peaq's network launch after years of R&D.
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Fundraising announcement
March 20, 2024
Germany
Graswald.ai raises $3.3M for its 3D content creation platform
Graswald.ai, a Germany-based company building automated 3D tooling for enterprise brands and 3D creatives, raised $3.3M in Seed funding. The round was led by Lakestar as well as Supernode Global with continued support from existing investor HTGF and further participation from FOV Ventures, Robin Capital, Angel Invest Ventures and Notion Scout Fund as well as Arnav Bimbhet (ICONIQ Capital), Christopher North (L Catterton), Philipp’ Pip’ Klöckner and Patrick Andrae (CEO, HomeToGo).
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Groundbreaking achievement
March 6, 2024
France
Beyond Aero completed its first electric test flight
French startup Beyond Aero, led by Fellow, Eloa Guillotin, has completed its first test flight of a small electric plane powered by hydrogen fuel cells.
The startup works to decarbonize private planes and the hydrogen powertrain means that they have a longer range while still being electric. The aircraft can go 1,000 miles, or about five time more than a private jet with batteries. The test flight not only demonstrates the feasibility of electric aviation but also highlights the potential of hydrogen powertrain technology to enable longer flight ranges while remaining eco-friendly.
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Fundraising announcement
February 21, 2024
UK
Samphire Neuroscience raises €2.1M to launch PMS pain wearable
UK Medtech startup Samphire Neuroscience has secured €2.1M in pre-seed funding to launch Nettle, their medical-grade neurostimulation wearable. The round saw contributions from notable venture firms with experience in medical devices and women’s health, including SOSV, FIRSTPICK, Afterwork, Seaside, Ayuh, and CVX Ventures. The round also saw participation from prominent angel investors such as Dr Pamela Walker, founder of Thena Capital and Rowena Ironside, founder of Women on Boards UK.
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Fundraising announcement
February 16, 2024
USA
Magic AI secures $117M to build an AI software engineer
San Francisco-based startup Magic AI has raised $117M in Series B funding to further develop its advanced AI system aimed at automating software development. The round was led by Nat Friedman (former Github CEO) and Daniel Gross’s NFDG Ventures, with additional participation from CapitalG and Elad Gil, bringing Magic’s total funding to date to over $145 million. Founded in 2022 by Eric Steinberger and Sebastian De Ro, the startup is carving out a niche by focusing on developing an AI software engineer capable of assisting with complex coding tasks and that will act more as a coworker than merely a "copilot" tool.
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