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As the year draws to a close, startups don't pause | TechCrunch

Nov 29, 2024 - techcrunch.com
The article provides a weekly recap of startup news, highlighting interesting stories, fundraises, and VC and fund news. Notable stories include ServiceTitan's IPO timing, Anduril's high compensation, the EU's focus on scaling startups, and Y Combinator's tendency to back similar startups. Significant fundraises include Eyewa's $100 million Series C round, Cradle's $73 million funding for AI protein design, Appcharge's $26 million round for its gaming monetization platform, PlayAI's $21 million seed round for voice cloning, and Roon's $15 million round for its health tech startup.

In VC and fund news, basketball player Giannis Antetokounmpo launched a VC firm focusing on sports and entertainment investing, and Cleo Capital announced a cybersecurity accelerator. The article concludes with a prediction that Latin America's fintech market will be worth watching in 2025, with QED Investors partner Mike Packer stating the region is underfunded following the 2021 correction.

Key takeaways:

  • ServiceTitan's IPO timing may not be entirely due to market conditions, but rather a requirement for the company to go public, according to VCs.
  • Defense tech startup Anduril pays its top employees significantly well, as revealed by the U.S. government contracting database USASpending.gov.
  • Basketball player Giannis Antetokounmpo has launched a VC firm, Build Your Legacy Ventures, focusing on sports and entertainment investing.
  • Latin America's fintech market is predicted to be worth watching in 2025, with 2024 figures indicating a market turnaround.
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