137 VENTURES RAISES $700M BEFORE SPACEX IPO
■ AI-SUMMARIZED FROM 3 SOURCES ▸ TIMELINE
137 Ventures, a major SpaceX backer, has raised $700 million across two new growth-stage funds. The move comes as the VC firm prepares for a potential windfall from SpaceX's expected public offering.
■ MORE FROM THE STARTUPS DESK
Liux, a startup manufacturing its Big microcar in Spain, is entering the crowded electric vehicle market with a sustainability-focused approach. The company aims to compete against established Chinese rivals through eco-conscious design and manufacturing.
Minneapolis-based workforce monitoring startup Yardstik closed a $30M Series B funding round led by Harbert Growth Partners. The round brings the company's total funding to $65M.
Retro, a friend-focused photo-sharing app founded by former Instagram employees, has secured $21 million in Series A funding. The capital injection signals investor confidence in the social app's differentiated approach to photo sharing.
Sweden has built one of Europe's most vibrant startup ecosystems, drawing attention from investors and entrepreneurs across the continent. Cherry Ventures general partner Sophia Bendz breaks down the factors driving the Nordic nation's tech boom.