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Register Beijing-based technology company Ellipspace has successfully concluded a new financing round, securing 100 million yuan. The constellation enables global ten-minute remote sensing services. The funding round was led by Yulin Fund, with participation from Changsheng Fund.
Terms of the deal were not disclosed but it’s understood Spherics had raised £1.25m in equity financing from angel investors and £300,000 in grants. Bristol seems to be making a habit of Climate Tech, also producing Ecologi Zero , real-time carbon footprinting software for businesses.
Four years and hundreds of long lines later, the truck is still there, but the company is taking on what co-founder Nile Dreiling calls “a stale $40 billion donut industry ” by expanding its presence into brick-and-mortar locations in Los Angeles after raising $9 million in financing.
Soon, the plan will be to incorporate more quality control tools, supply chain finance, personalization for buyers and sellers to connect more likely trades; and further down the line, the startup will also bring more business intelligence and analytics into the mix for its customers. ”
“We need to reform stock options so that they become a tool in order to compete internationally for talent,” he says, noting that the idea is to enable Spain to compete with regimes already offered by countries elsewhere in Europe, such as the U.K., France and Germany.
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