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Ctrl Alt, a fintech startup that offers infrastructure to invest in alternative assets, has raised $2.7 million in a seed round. For fintech startups that offer wealth management and investment products, alternatives could provide new opportunities to make revenues from wider yield spreads, Ong said. "The market is tough for fundraising and that has an impact on you as a founder," Ong added. The fresh capital will go towards building out Ctrl Alt's tech team and expanding its relationships with prospective customers. Check out Ctrl Alt's 10-slide seed funding deck below:
Persons: Morgan Stanley, Matt Ong, it's, Ong Organizations: Forward Partners, Middlegame Ventures, Enterprise Ireland, Algorand Ventures, Syndicate Locations: London, fintech
The startup aims to develop a more affordable at-home alternative to IVF. A startup that has created an at-home fertility treatment device for consumers has just secured $3.2 million from Octopus Ventures. "A lot of options are out of alignment — so we've opened the fertility pathway and created a treatment that's more affordable." The startup is offering a medical device and treatment kit that delivers ICI. The startup is gearing up to launch a pilot program with the UK's National Health Service and enroll its users in a fertility treatment study.
Persons: Tess Cosad, we've, It's Organizations: Octopus Ventures, ICI, UK's National Institute of Health, National Health Service, UK, Vira Health, Forward Partners, Q Ventures, NHS Locations: COVID, Vira, JamJar
SEAT-VW says to go ahead with Spanish e-car, battery project
  + stars: | 2022-11-09 | by ( ) www.reuters.com   time to read: +1 min
MADRID, Nov 9 (Reuters) - Volkswagen's (VOWG_p.DE) Spanish unit SEAT will go ahead with a mega project to make electric vehicles and batteries after overcoming initial reservations about government subsidies, it said on Wednesday. The SEAT-led project, in which 60 other Volkswagen-linked companies will also take part, foresees an investment of 10 billion euros ($10.06 billion) to electrify Spain's auto industry and turn the country into a European hub for e-vehicle and battery production. The government said last month VW-SEAT would receive 397.4 million euros of the 877 million total in the first phase of the electric vehicle financing programme using EU pandemic recovery funds. Although it was the carmaker that received the largest allocation, SEAT initially said the funding was not sufficient. ($1 = 0.9939 euros)Reporting by Andrei Khalip and Jessica JonesOur Standards: The Thomson Reuters Trust Principles.
SummarySummary Companies AlbionVC backs OutThink's $10 million seed funding roundFinancing to speed up the firm's international distributionCo to help identify human behaviour behind data breachesOct 18 (Reuters) - London-based cybersecurity company OutThink has raised $10 million in early-stage investments backed by venture capital firm AlbionVC, it said on Tuesday, as it looks to help organisations identify human behaviour that can lead to data breaches. The company, which says human behaviour is the source of 91% of data breaches, uses machine learning, natural language processing and applied psychology to identify, understand and manage the attitudes, intentions and sentiment of individuals. The financing, in which TriplePoint Capital, Forward Partners, Gapminder and Innovate UK took part, brings the firm's total funding to $11.4 million. OutThink said its platform was used by major organisations, including Whirlpool (WHR.N), Danske Bank (DANSKE.CO), Rothschild (ROTH.PA) and NatWest (NWG.L). Register now for FREE unlimited access to Reuters.com RegisterReporting by Juliette Portala, editing by Supantha Mukherjee and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
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