The startup world witnessed a mix of positive developments and cautionary tales this week, with several companies making headlines for their profitability, mergers and acquisitions, and significant funding rounds. Amidst the uncertainty, these stories offer a glimmer of hope for the industry's future.
Swedish shared micromobility startup Voi Technology reported its first profitable year, a modest but notable achievement in the startup landscape. This milestone puts Voi in a better position to explore an initial public offering (IPO) in the coming years. The company's scooter and e-bike business has seemingly found a sweet spot in the market, paving the way for potential future growth.
In another notable development, OpenAI-backed Norwegian robotics startup 1X acquired Kind Humanoid, a three-person team that had started working with high-profile designer Yves Béhar in 2024. This acquisition highlights the growing interest in humanoid robotics and its potential applications across various industries.
French health insurance startup Alan revealed that it generated approximately $525 million in revenue in 2024 and confirmed its goal to reach profitability by 2026. This milestone demonstrates the company's commitment to its mission-driven approach and its potential for long-term success.
In the aftermath of Southern California's recent devastating fires, several startups have stepped up to help measure and mitigate wildfire risk. TechCrunch's Tim De Chant rounded up some of these startups, showcasing the industry's response to real-world problems.
On the funding front, several startups secured significant rounds this week. Nuclear startup Helion raised a $425 million Series F round of funding to help build a fusion reactor for Microsoft, with its valuation increasing to $5.245 billion. Barcelona-based corporate travel management platform TravelPerk closed a $200 million Series E round of funding at a $2.7 billion valuation, almost twice its previous $1.4 billion valuation.
French startup Alice & Bob secured $104 million in Series B funding for its quantum computing efforts, one of the larger rounds for a quantum computing startup in Europe. Spanish startup Quibim, which develops AI models for medical imaging, raised a $50 million Series A round of funding to double down on its U.S. expansion plans.
Motif, a startup developing architecture, engineering, and construction (AEC) software, secured $46 million in seed and Series A funding to challenge its founders' former employer, Autodesk, with a next-generation design platform for buildings. ElevenLabs, which works in the AI audio field, announced that it raised $180 million in a Series C round, valuing the company at $3.3 billion post-money.
Regulatory filings revealed that 8VC, the Austin-based VC firm led by Palantir founder Joe Lonsdale, is hoping to raise around $1 billion for its sixth fund. Its previous flagship vehicle closed at $880 million in 2023. While this news may seem promising, data suggests that 2025 will be another brutal year of startup wind-downs. However, AngelList CEO Avlok Kohli provided a more positive outlook, noting that these figures "are still very low relative to the number of companies that were funded across both years."
As the startup ecosystem continues to evolve, these stories offer a glimpse into the industry's resilience and potential for growth. While challenges lie ahead, the successes of companies like Voi, 1X, and Alan demonstrate that there is still room for innovation and progress in the startup world.