Weekly Tech Pulse
Augment raises $85M Series A, Mattilda receives $50 million, Kapital Bank becomes unicorn with $1.3 billion valuation & more!
US & International Startup & Tech News
AI logistics startup Augment, from Deliverr's founder, raises massive $85M Series A
Augment, founded by Deliverr's former CEO Harish Abbott, has raised $85 million in Series A funding led by Redpoint. The startup offers an AI assistant called "Augie" that automates tedious tasks in the freight and logistics industry, including pricing bids, tracking packages, and managing invoicing documents. The company has already shown impressive results with clients achieving 40% reductions in invoice delays and plans to use the funding to hire 50 engineers and expand beyond trucking into international shipping.
Source: TechCrunch
Orchard Robotics, an agtech startup using AI to solve farming's data problem, raises $22M
Orchard Robotics, founded by Seattle-based CEO Charlie Wu in 2022, raised $22 million in Series A funding led by Quiet Capital and Shine Capital. The agtech startup uses AI-powered cameras mounted on farm equipment to capture images and analyze crop data, tracking growth, yield, and health across various crops including apples, grapes, blueberries, and citrus fruits. Wu, a Thiel Fellow who left Cornell to start the company, positions the technology as solving agriculture's core data problem to help farmers become more profitable and efficient.
Source: Geekwire
TED leader's $300M 'valley of death' fund might be just what later-stage climate tech needs
The All Aboard Coalition, led by TED's Chris Anderson, aims to raise $300 million to help climate tech startups bridge the financing gap between early-stage funding and large-scale commercial deployment. The fund includes prominent climate investors and will write equity checks to companies seeking $100-200 million rounds for first-of-a-kind projects. While the fund amount may seem modest for capital-intensive climate hardware, its real power lies in signaling to larger institutional investors through its network of experienced climate VCs.
Source: TechCrunch
LATAM Startup & Tech News
Mexican startup Mattilda receives $50 million to boost private schools
Mattilda, a Mexican fintech focused on education, secured a $50 million credit line from Lendable to expand its financial solutions platform for schools across Latin America. Founded in 2022, the company offers SaaS solutions that help private schools reduce delinquency, automate collection processes, and access immediate liquidity using future tuition flows as collateral. The funding will be used to expand product offerings, grow in existing markets like Mexico, Colombia and Ecuador, and pursue strategic acquisitions to strengthen its regional presence.
Source: Emprendedor
VEMO receives $250 million capital injection to accelerate clean mobility expansion in Mexico
Mexican electric mobility company VEMO raised $250 million from Vision Ridge Partners to strengthen its charging network and deploy more electric vehicles across its business lines in Mexico. The investment marks a milestone for VEMO as it enters its next growth phase, building on a previous $63 million round raised in Q1 2025. Since its 2021 founding, VEMO has raised over $500 million and plans to invest more than $1.5 billion over the next five years to continue strengthening sustainable mobility in Mexico.
Source: Contxto
Kapital Bank becomes unicorn with $1.3 billion valuation
Mexican financial institution Kapital achieved unicorn status by surpassing $1 billion in valuation with a new funding round that raised $86 million led by Tribe Capital and Pelion Ventures. The company, which focuses on SME products and services through AI and data analytics, acquired Banco Autofin México in 2023 to obtain a banking license and recently acquired brokerage and asset management operations from Mexican financial group Intercam. Kapital is already profitable and continues to accelerate growth through its unique combination of banking license and proprietary software.
Source: Milenio
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