Startup Forto, led by Michael Wax, secures funding from CDTM Venture Fund and Helantic, aiming to bridge the gender gap in the venture capital landscape, partnering with identity.vc.
In the dynamic world of startups, there's always something new and exciting happening. Here are some of the latest developments that have caught our attention.
The CDTM Venture Fund, a new venture capital fund, has been established with a focus on investing exclusively in startups founded by former CDTM alumni. With a hefty sum of 8.2 million euros, the fund aims to support around 60 early-stage startups over the next four years.
In related news, the logistics unicorn, Forto, has undergone a leadership change. Founder Michael Wax is stepping down as CEO and will transition into the role of Chairman of the Board. Guillaume Petit-Perrin, the CFO of Forto, will take over as CEO. Forto, a Berlin-based company, has raised around 500 million in venture capital in recent years, with investors including Disruptive, Softbank, and G Squared.
The second STARTUPLAND event is scheduled for November 5th. This event promises to be an exciting one, featuring talks by successful founders, insightful interviews, and pitches that inspire.
Elsewhere in the startup world, Professor Veronika Kneip has been discussing the gender gap in the startup scene. Her insights are sure to be enlightening and thought-provoking.
In the venture capitalist world, Sam Eshrati has joined identity.vc as a venture partner. However, there's no information available yet about who has recently joined the company as a Venture Partner.
Lastly, a new funding pot, Helantic, has emerged. This fund focuses on AI, robotics, and defense tech, making it an exciting prospect for startups in these sectors.
On a weekly basis, the #StartupTicker provides an overview of the most important startup news. This week, we didn't have additional information about the other startups or news items in the ticker.
CDTM alumni have made a significant impact in the startup world, having founded more than 280 startups, including nine unicorns. The CDTM Venture Fund, operated by Franz Waltenberger, a long-standing member of the CDTM management team, is a testament to the potential of these alumni.
Stay tuned for more updates from the startup world. On Wednesday, February 12, the #StartupTicker will provide an overview of the most important startup news. Until then, happy startup-ing!
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