Atomic Brew- June 7th

Sprinque Secures €20M Debt Facility to Expand B2B Payments Platform

Amsterdam-based fintech startup Sprinque has secured a €20 million debt facility from Avellinia Capital to help Europe's B2B merchants. The funding will be used to expand Sprinque's platform, which provides flexible payment solutions for businesses.

Sprinque's platform allows businesses to defer payments for up to 90 days, without any additional fees or interest. This can help businesses to improve their cash flow and reduce their debt burden.

The funding from Avellinia Capital will allow Sprinque to expand its platform to new markets and target larger businesses. Sprinque is also planning to launch new features on its platform, such as invoice financing and supply chain finance.

IQ Capital Closes €374M Funds to Invest in Deep-Tech Startups in Europe and UK

London-based venture capital firm IQ Capital has closed two funds totaling €374 million to invest in deep-tech startups in Europe and the UK. The funds, which are called IQ Capital IV and IQ Capital Growth Fund, will be used to invest in startups that are developing new technologies in areas such as artificial intelligence, machine learning, and quantum computing.

IQ Capital has a strong track record of investing in deep-tech startups. The firm has invested in over 100 companies, including some that have gone on to achieve significant success, such as Thought Machine (a banking technology company) and Nyobolt (a battery technology company).

The closing of these two funds is a sign of the growing interest in deep-tech investing. The global deep-tech market is expected to reach $1.5 trillion by 2025. IQ Capital is well-positioned to capitalize on this growth, as it has a strong team of experienced investors and a proven track record of success.

Rockley Photonics Exits Bankruptcy, Secures €32.6M for Financial Restructuring

Rockley Photonics, a UK-based company that develops sensors for wearable devices, has emerged from bankruptcy after securing €32.6 million (￡28.7 million) in funding. The company filed for bankruptcy in January 2023, citing financial difficulties.

The new funding comes from a group of existing investors, including Rockley's largest shareholder, Merck KGaA. The funding will be used to support Rockley's development of new products and to expand its sales and marketing efforts.

Rockley's sensors are used to measure a variety of physiological data, such as heart rate, blood oxygen levels, and body temperature. The company's products are designed for use in wearable devices, such as smartwatches and fitness trackers.

Rockley's bankruptcy filing was a setback for the company, but the new funding will help it to get back on track. The company has a strong team of engineers and scientists, and its products have the potential to revolutionize the wearables market.

Swiss VC SNGLR Capital Secures Funding from Ayre Ventures to Back European Startups

SNGLR Capital is a Swiss venture capital firm that invests in early-stage tech startups in Europe. The firm has recently secured funding from Ayre Ventures, a US-based venture capital firm. The funding will be used to support SNGLR Capital's investment in European startups.

SNGLR Capital is led by Reto B?hler, a former investment banker with Credit Suisse. The firm has a team of experienced investors who have a deep understanding of the European tech market. SNGLR Capital is looking to invest in startups that are developing innovative technologies in the areas of fintech, healthcare, and sustainability.

Ayre Ventures is a leading venture capital firm that invests in early-stage tech startups in the US and Europe. The firm has a strong track record of success and has invested in some of the most successful tech companies in the world, such as Airbnb, Stripe, and Coinbase.

Vision Pro: Apple's New Mixed Reality Headset Is Here

Apple has finally unveiled its first mixed-reality headset, called Vision Pro. The headset will be available in early 2024 and will cost $3,499.

Vision Pro is a mixed-reality headset, which means it can be used for both augmented reality (AR) and virtual reality (VR). AR overlays digital information in the real world, while VR creates a fully immersive virtual world.

Vision Pro has two 1080p displays, one for each eye. The displays have a refresh rate of 90Hz, which means they can display up to 90 frames per second. This will help to reduce motion sickness and make the experience more immersive.

The headset also has a built-in processor, which is said to be more powerful than the M1 chip found in the latest MacBook Pro. This will allow Vision Pro to run demanding AR and VR applications.

Vision Pro also has a number of sensors, including cameras, motion sensors, and a LiDAR scanner. These sensors will be used to track the user's head and hand movements, as well as the environment around them. This will allow users to interact with AR and VR applications in a natural way.

Apple has not yet announced any specific applications for Vision Pro. However, the company has said that the headset will be used for gaming, education, and productivity.

Thanks for dropping by!

Team Venture Atom