<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        TrusTrace, a company specializing in supply chain traceability and compliance, secured USD 24 million (EUR 22 million) in growth funding. The round was led by Circularity Capital and saw participation from prior investors Industrifonden and Fairpoint Capital. The new inflow pushes TrusTrace's total funding past the USD 32 million (EUR 30 million) mark.
      </p>
    </li>
    <li>
      <p>
        The company aims to leverage the investment to further its growth and expand its capabilities. Explicit timelines associated with these plans have not been disclosed.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://tech.eu/2024/01/18/trustrace-secures-24-million-investment-for-supply-chain-traceability/">
      Tech EU
    </a>
  </p>
  <p>
    <a href="https://www.eu-startups.com/2024/01/stockholm-based-trustrace-completes-e22-million-growth-investment-to-further-expand-product-traceability/">
      EU Startups
    </a>
  </p>
  <p>
  </p>
</div>


Supply Chain Tech

<div>
<p>Supply chain traceability firm, TrusTrace, raised $24 million in a funding round led by Circularity Capital with contributions from previous investors Industrifonden and Fairpoint Capital. This takes TrusTrace's total funding over $32 million. The company plans to use the new funds to support its growth and improve its capabilities, although no specific timelines for these plans have been revealed.</p>
</div>

TrusTrace raises USD 24 million in funding to accelerate growth

Travel Tech

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>
 <p>The blockchain-based vacation rental platform, Dtravel, has integrated its AI agent into the agent marketplace of Fetch.ai, a company that offers infrastructure technology for the creation, deployment, and monetisation of AI applications.</p>
 <p>This integration allows Dtravel's AI vacation rental discovery agent to be accessible in the Fetch.ai marketplace. It gives developers the opportunity to incorporate it into their apps or combine it with other agents for a comprehensive travel experience. Dtravel has also become part of the Fetch.ai Foundation, an organisation concentrating on the research and development of AI, Web3, and multi-agent technologies.</p>
 <p>Dtravel, being the first travel company to join the foundation, plans to spearhead initiatives to attract companies and projects that focus on developing travel solutions utilising AI agents. It also aims to merge AI and blockchain technologies to create personalised travel experiences. </p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Dtravel is advancing its strategic objective to enhance its product offering by leveraging blockchain technology and AI through key partnerships. In <a href="https:<br>
//www.phocuswire.com/dtravel-vacation-rental-bookings-nfts-enabling-re-sales"> January 2024 </a> , Dtravel joined Polygon to transform vacation rental bookings into non-fungible tokens (NFTs).</p>

Dtravel integrates AI vacation rental agent into Fetch.ai marketplace to enhance platform

Buy Now, Pay Later

<div>
 <p>The UK Government has started a consultation regarding new rules for buy now, pay later (BNPL) goods. The aim is to implement these regulatory changes by 2026. These proposed rules are designed to regulate BNPL firms under the Financial Conduct Authority (FCA) and to enact the Consumer Credit Act.</p>
 <p>BNPL firms will have to conduct affordability checks prior to providing loans, according to the new regulation. They will also be required to provide clear details about loan contracts and grant customers access to Section 75 protections and the Financial Ombudsman Service for complaints.</p>
 <p>The consultation will end on November 29, and the definitive legislation is anticipated to be presented in Parliament at the start of 2025.</p>
</div>

UK to regulate BNPL offerings by 2026

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

<div>
 
 <p>Stripe, a payment infrastructure and fraud prevention platform, is planning to acquire Bridge, a stablecoin platform for USD 1 billion. The specifics of the acquisition have not been finalized yet.</p>
 <p>Bridge is a company established in 2022, providing API-based payment processing solutions. They use stablecoins like USDC and Tether for cross-border transactions, catering to businesses, governments, and aid organizations.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> This news follows its recent acquisition of <a href="https:<br>
//sp-edge.com/updates/32086"> Lemon Squeezy, </a> a payment processing, subscription management, and fraud prevention platform, to enhance Stripe’s platform offerings and capabilities by improving the merchant's record service, billing support, and customer experience.</p>

Stripe to acquire stablecoin platform Bridge for USD 1 billion

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

<div>

<p>Intuitive AI, an AI development company, has teamed up with Moda Center, the home of the Portland Trail Blazers basketball team, to launch Oscar Sort, an AI-powered recycling assistant. According to the partners, Oscar Sort uses AI to identify compostable, recyclable, and reusable items, guiding fans to dispose of waste correctly. The technology's goal is to enhance sustainability, improve waste diversion, and provide valuable data for operations optimization.</p>
<p>The collaboration is set to support Moda Center's Rip City Reuse program, which replaces 500,000 single-use cups per year with reusable ones. The Oscar Sort technology also reportedly provides management with real-time data on waste disposal trends and bin volumes, which could lower operational costs and create new revenue streams.</p>

</div>

Intuitive AI partner with Moda Center to implement Oscar Sort recycling technology

Membership-based, non-insurance healthcare companies helping maintain a steady state of well being.

Preventive Healthcare

<div>
 <p>Minze Health, a provider of digital health solutions, has secured USD 5.3 million in funding. The investment round was led by White Fund, Capricorn Digital Growth Fund, and PMV, with additional contributions from the imec.istart future fund.</p>
 <p>The funding will be harnessed for the expansion and commercialization of their digital therapeutics for urinary dysfunctions in the German and French markets. Additionally, the funds will be used to drive entry into the US market with at-home diagnostic solutions such as Homeflow and Diary Pod.</p>
 <p>To further facilitate their US expansion, Minze Health has appointed Drew Moore as the vice president of marketing and sales. With over two decades of experience in the marketing of digital healthcare and medical device products, Moore has specific expertise in the urology sector.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> In recent months, the remote monitoring sector has seen notable funding activity. In September 2024, <a href="https:<br>
//sp-edge.com/updates/33938"> Orpyx </a> raised USD 20 million to accelerate the commercialization of its solutions. In August, <a href="https:<br>
//sp-edge.com/updates/32565"> Aevice Health </a> secured USD 7 million to expand operations in the US, Japan, and Singapore, while <a href="https:<br>
//sp-edge.com/updates/32749"> Know Labs </a> raised approximately USD 1.7 million to fund product development. <a href="https:<br>
//sp-edge.com/updates/32018"> CoachCare </a> raised USD 48 million in July to drive its expansion, followed by <a href="https:<br>
//sp-edge.com/updates/28136"> Movano Health </a> raising USD 24 million in April to support its operational needs.</p>

Minze Health raises USD 5.3 million in funding for product and market expansion; appoints new VP

Technology to explore opportunities beyond Earth

Space Travel and Exploration Tech

<div>
 <p>Space transportation company, Firefly Aerospace, and defense technology firm, True Anomaly, have formed a partnership for rapid-response space launches, which includes three missions using Firefly's Alpha rocket. The first mission is planned for 2025 and will launch True Anomaly's Jackal Autonomous Orbital Vehicle for the US Space Force's VICTUS HAZE Tactically Responsive Space mission, which will demonstrate rapid-response capabilities for orbital operations.</p>
 <p>This partnership draws on Firefly's prior experience with the Space Force's VICTUS NOX mission in <a href="https://sp-edge.com/updates/21944"> September 2023 </a>. The partnership is intended to enhance both companies' standing in the military's rapid-response space operations sector by undertaking two more missions between 2025 and 2027.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Firefly Aerospace signed a multi-launch agreement with L3Harris Technologies in <a href="https:<br>
//sp-edge.com/updates/32472"> August 2024 </a> for 20 launches on the Alpha rocket, including two to four missions per year from 2027 to 2031. Firefly also recently partnered with <a href="https:<br>
//sp-edge.com/updates/34008"> NASA </a> to provide launch services for the National Oceanic and Atmospheric Administration's QuickSounder mission under the VADR contract.</p>

Firefly Aerospace partners with True Anomaly for Space Force rapid-response mission launches

Bringing the benefits of blockchain to the enterprise

Enterprise Blockchain Solutions

<div>
 <p>zkPass, a protocol that preserves data privacy, has garnered a total of USD 15 million in funding with its Series A funding round contributing USD 12.5 million. The funding round was led by a network of investors including dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures, and WAGMI Ventures, resulting in a token valuation of USD 100 million for zkPass.</p>
 <p>The firm has plans for expansion, looking to increase their employee base from 26, focusing on positions in engineering, marketing and business development.</p>

</div>

zkPass raises USD 12.5 million in Series A funding

Incorporating technology to improve efficiency and success rate of clinical trials

Clinical Trial Technology

INCUMBENTS_PRESENT

<div>
 
 <p>Ontada, a McKesson oncology technology business, is collaborating with Microsoft to utilize Azure AI for processing unstructured oncology data.</p>
 <p>Through this partnership, Azure's OpenAI Service will be employed to efficiently handle over 150 million unstructured oncology document components. An expected outcome is the improvement of data quality and accuracy, resulting in a more in-depth view of the patient's health journey. This approach is anticipated to enhance patient outcomes and the quality of oncology care. The joint venture will use Ontada's ON.Genuity platform, which integrates AI with a common data model to produce real-world data from its unique electronic health record, iKnowMed.</p>
 <p>Ontada, being a data science and technology firm focused on oncology, aims to better the lives of cancer patients. As a subsidiary of McKesson Corporation, Ontada gains insights from real-world data and evidence generation, thereby fast-tracking life science research. It offers clinical and operational technology that aids community providers in providing precise care. Additionally, the company offers provider engagement channels that facilitate insights and support treatment education programs.</p>
 
</div>

Ontada partners with Microsoft to process unstructured oncology data using Azure AI

A booming food and beverage segment with a history as rich and varied as its present-day product offerings

Plant-based Dairy & Egg

<div>
 <p>Burcon NutraScience Corporation has introduced Puratein, a canola protein isolate created to substitute eggs in the food industry. The product targets manufacturers who are in search of sustainable egg alternatives due to supply problems and price increases. </p>
 <p>Puratein, which possesses more than 90% protein purity, can serve as a replacement for 100% powdered and shelled eggs in different baked products. The product is said to have a complete amino acid profile, high solubility, and neutral taste, thereby making it appropriate for numerous food and beverage applications. </p>
 <p>Furthermore, Burcon suggests that Puratein can offer cost reductions of 20% to 30% compared to conventional egg products. The company asserts that the product fulfills the functional needs of egg substitutes. Simultaneously, it caters to the increasing consumer interest in plant-based alternatives. </p>
</div>

Burcon unveils canola protein isolate for egg replacement

Making meat sustainable over the long term

Cell-cultured Meat

<div>
 <p>Czech-based company, Bene Meat Technologies, has announced the creation of its first cultivated burger patty for people to consume. The firm asserts that the burger will have a similar price to high-quality beef.</p>
 <p>The production of the burger involves a traditional cell cultivation method, which begins with obtaining cell tissue or sourcing from a cell bank. The company formulates its media recipes and machinery internally, thereby dodging costly ingredients and intricate procedures. The burger purportedly consists of nearly 90% cultivated beef cells, with the remaining made up of spices and less significant ingredients.</p>
 <p>According to Bene Meat Technologies, its dedication to cost-efficient and scalable production has helped it match the price of premium beef. Currently, the company is building a larger facility estimated to produce roughly 200 tons of their product annually, with completion expected in 2025.</p>
 </div> <p><b>Analyst QuickTake:<br>
 </b> The price premium of cultivated meat products is a major consumer pain point deterring mass adoption. This has led companies to develop innovative cost-reduction methods such as FBS-free alternatives and novel production methods. In <a href="https:<br>
//sp-edge.com/updates/11598"> July 2022 </a> , SciFi Foods achieved an R&amp;D milestone that reportedly allowed the company to reduce the cost of growing beef cells by more than 1,000x and achieve price parity.</p>

All Updates

TrusTrace raises USD 24 million in funding to accelerate growth

Dtravel integrates AI vacation rental agent into Fetch.ai marketplace to enhance platform

UK to regulate BNPL offerings by 2026

Stripe to acquire stablecoin platform Bridge for USD 1 billion

Intuitive AI partner with Moda Center to implement Oscar Sort recycling technology

Minze Health raises USD 5.3 million in funding for product and market expansion; appoints new VP

Firefly Aerospace partners with True Anomaly for Space Force rapid-response mission launches

zkPass raises USD 12.5 million in Series A funding

Ontada partners with Microsoft to process unstructured oncology data using Azure AI

Burcon unveils canola protein isolate for egg replacement

Bene Meat Technologies produces first cultivated burger at parity with premium beef

Supply Chain Tech

TrusTrace raises USD 24 million in funding to accelerate growth

Contact us