Gorilla, a Belgian company that serves the energy sector with real-time data and analytics for pricing and forecasting, has raised €23 million ($25 million) in a Series B round led by U.S. venture capital firm Headline.
Founded in 2018, Antwerp-based Gorilla works with energy providers across Europe, the U.S. and Australia, including British Gas’ parent Centrica, Shell Energy, and Atlanta, Georgia-based Gas South.
Throw into the mix geopolitical factors such as the Russia-Ukraine conflict, ever-evolving regulations, increasingly distributed energy sources across fossil and renewables, and the increasing use of connected technology, and we now have fertile ground for data-focused energy startups to flourish.
“No one knows what the energy sector will look like 10 years from now,” Gorilla’s co-founder and CEO, Ruben Van den Bossche, said in a statement.
Other participants in the round include the startup’s existing investors Beringea and Belgian private equity firm, PMV.
Interview Kickstart, a profitable startup helping tech professionals acquire career-advancing skills, has raised $10 million in its maiden funding from Blume Ventures, the companies said on Monday.
The startup avoided raising venture money in the past because Valles said Interview Kickstart has always been profitable and focused on sustainable unit-economics.
Interview Kickstart is finally raising external capital because it plans to focus on two to three new areas aggressively.
For Blume Ventures, the investment in Interview Kickstart is its largest opening check in its decade-old history.
“Interview Kickstart presented a unique opportunity,” said Karthik Reddy, Managing Partner of Blume Ventures, in a statement.
Byju’s, the world’s most valuable edtech startup, has cut its valuation ask to $250 million in a rights issue it launched Monday as the Indian firm works to address its working capital needs.
If Byju’s succeeds in raising $200 million, the post-money valuation of the startup will be in the range of $220 million to $250 million, a 99% drop from the $22 billion value that the startup had previously attained.
The rights issue comes as Byju’s looks to secure capital amid a severe funding crunch.
Byju’s was preparing to go public in early 2022 through a SPAC deal that would have valued the company at up to $40 billion.
The company began facing mounting pressure from investors to address issues that it had previously left unresolved.
