"Daloopa Raises $18M in Series B Funding to Enhance Algorithm and Expand into New Markets"

Daloopa's Series B Funding

Key Highlights:

• Series B Funding: Daloopa, an AI-powered historical data provider, raised $18 million in Series B funding.
• Investors: Touring Capital led the round, with participation from Morgan Stanley and existing investor Nexus Venture Partners.
• Product Innovation: Funds will be used to enhance Daloopa's proprietary algorithm and develop product solutions to improve data quality in the financial services industry.
• Market Expansion: Daloopa plans to expand to new markets, particularly in Europe and Asia.

Daloopa's Target Market

• Financial Institutions: Buy-side and sell-side financial institutions, including hedge funds, private equity firms, mutual funds, corporates, and investment banks.
• Data-Driven Organizations: Companies relying on historical data for time-critical data discovery and analysis, such as during earnings and model building workflows.
• Global Market: Targeting customers worldwide, with a focus on expanding into Europe and Asia.

What Daloopa Needs to Buy

• AI and Data Science Expertise: Collaborating with AI and data science experts to enhance their proprietary algorithm and develop advanced data solutions.
• Market Entry Support: Partnering with local experts and consultants to facilitate market entry and expansion in new regions.
• Marketing and Sales Resources: Investing in marketing and sales efforts to reach and acquire new customers in the financial services industry.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.