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Lilium, Oura, and Gojek Close Fundraising Rounds

March's emerging tech fundraising rounds
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Lilium

• less than 3 min read

TOPICS: Tech Business / Venture Capital / Funding Rounds & Trends

Breaking the fourth wall: I'm trying out a specially curated section for startup fundraising rounds. Reply and let me know what you think.

Lilium, a German air taxi startup, raised $240 million from existing investors last Saturday. That gives Lilium at least a year of runway and brings it closer to starting a regional air taxi service in five years.

  • COVID-19 update: The company told me it's working with a much-reduced manufacturing team and doesn't see "any impact on our goal of entering service in 2025."

Oura, a Finnish startup that makes a popular smart ring that tracks activity and sleep, raised $28 million in Series B funding last week. Oura is also working on a research project to outfit over 2,000 emergency medical workers with rings and study if the biometric device could help detect COVID-19.

Gojek, a Southeast Asian ride-hailing startup, raised $1.2 billion last week. It needs a war chest to ride out the pandemic (which has taken a big toll on the sharing economy) and to fend off competition from rival mobility super app Grab.

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Ryan Duffy

Tech Brew

Tech Brew breaks down the biggest tech news, emerging innovations, workplace tools, and cultural trends so you can understand what's new and why it matters.

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