Vecmocon Technologies raises over $18 million in Series A round

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Deep-tech startup Vecmocon Technologies on Monday said it has raised over $18 million (about Rs 153 crore) in Series A funding round.

The round was anchored by sustainability focused venture capital fund EIF with participation from Aavishkaar Capital and BII, UK’s development finance institution as well as existing investor Blume Ventures, the company said.

The fresh investment will support the platform’s efforts to expand its market presence, focus on advancing capabilities in embedded design, power electronics, IoT, and data science and enabling…



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Vecmocon Technologies raises over $18 million in Series A round


Deep-tech startup Vecmocon Technologies on Monday said it has raised over $18 million (about Rs 153 crore) in Series A funding round.

The round was anchored by sustainability focused venture capital fund EIF with participation from Aavishkaar Capital and BII, UK’s development finance institution as well as existing investor Blume Ventures, the company said.

The fresh investment will support the platform’s efforts to expand its market presence, focus on advancing capabilities in embedded design, power electronics, IoT, and data science and enabling…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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