Equity Who knew M&A would be the thing we couldn’t shut up about?
Jan 24, 2024
This week, the spotlight is on startup funding, with Artisse AI raising $6.7 million for its innovative selfie app. Fintech is thriving, as Bilt Rewards secures $200 million in new funding. Kittl is making waves in the design space with a $36 million round, proving that European startups can compete globally. Meanwhile, Byju's struggles highlight the EdTech sector's challenges, and General Catalyst is eyeing a potential acquisition in India, signaling the region's growing importance in tech. Stay tuned for a deeper dive into fintech developments!
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Consumer AI Demand
- Artiss AI's selfie app shows consumer demand for AI photo creation.
- Their revenue growth and paid user conversion are promising for the consumer AI market.
Bilt Rewards' Success
- Bilt Rewards raised $200 million at a $3.1 billion valuation by addressing the annoyance of not earning rewards on rent payments.
- This highlights the potential of startups built on everyday frustrations.
Kittel's Market Positioning
- Berlin-based Kittel offers a web-based graphic design tool, targeting a middle ground between Canva and Adobe.
- This approach caters to users seeking more power than Canva without Adobe's legacy complexities.