Kraków-based marketing tech company Digital First AI secured €3.5M in funding led by 4growth VC, with participation from Plug&Play, Sher Ventures, Hub71, and McCANN Poland owners. Founded in 2021, the AI-powered SaaS platform plans to use the funds to expand operations, development efforts, and business reach.
Precision Fermentation Company in Helsinki Secures €14M Funding
Dopay Raises $13.5M in Series A Funding
Cairo-based fintech Dopay raised $13.5M in Series A funding led by Argentem Creek Partners. The funds will accelerate its expansion in Egypt, introduce new financial services, and extend its platform to other markets. Dopay provides secure, instant payroll and payments, driving financial inclusion for unbanked employees with Mastercard-backed prepaid debit cards.
Draupnir Bio Raises €12M in Seed Funding
Copenhagen-based biotech company Draupnir Bio secured €12M in seed funding to develop its preclinical pipeline of oral, small molecule protein degraders. These degraders target extracellular disease-causing proteins, leveraging lysosomal machinery. Led by CEO Andrew Hotchkiss, Draupnir Bio focuses on advancing targeted protein degradation, spun out from Aarhus University and the Max-Planck Society.
Swiggy Instamart Expands Leadership Team
Swiggy Instamart has appointed Himavant Srikrishna Kurnala as SVP and head of product, and Mayank Rajvaidya as VP of the fruits & vegetables vertical. Additionally, Manu Sasidharan and Kumar Rahul have joined as AVPs. The quick commerce arm aims to strengthen its market position and enhance fresh produce offerings.
Adda247 Announces First ESOP Buyback for 130 Employees
Google-backed edtech company Adda247 has launched its first employee stock ownership plan (ESOP) buyback for over 130 employees, averaging 40 times the initial purchase price. This move comes as the company prepares for an IPO in 2026. Recently, Adda247 acquired CA test prep platform Ekagrata Eduserv.
Nazara Technologies Acquires 100% Stake in Paper Boat Apps for Rs 300 Crore
Stable Money Raises Rs 123 Crore in New Funding Round
Wealthtech startup Stable Money raised Rs 123 crore ($15 million) from RTP Capital, Lightspeed India, and Matrix Partners, becoming one of the few startups to close two funding rounds within a year. The Bengaluru-based company, founded in late 2022, focuses on fixed-return investments and financial literacy.
Bluelearn Shuts Down, Returns 70% of Capital to Investors
Social learning platform Bluelearn announced its closure due to challenges in scaling. The three-year-old Bengaluru startup will return 70% of its raised capital, nearly $4 million, to investors including Elevation Capital and Lightspeed. Co-founder Harish Uthayakumar cited difficulties in building a venture-scale business as the reason for the shutdown.
Umwelt.AI Raises $125K in Seed Funding
HR technology platform Umwelt.AI secured $125K in a seed funding round led by Upekkha. The funds will support global expansion and enhance its people analytics and employee experience solutions. Launched in 2023, Umwelt.AI helps organizations improve employee engagement and retention using behavioral science, chatbot technology, and advanced analytics.