It was May 21, 2025 and we are back with an overview of your daily fundraising. Where is the money going, who writes the check, which startups are moving.
From fintech and AI to sustainability and biotechnology, today’s batch covers many grounds. Some grew up and some remained quietly about the details, but all tables are in what comes next.
Fundraising highlights
Today, several tech startups have secured their funds to reflect the trust of robust investors. Notable rounds include Airwallex raising $300 million for global paymentsearns $30 million on EV chargingand Zoca securing $6 million for AI-driven local business solutions. Other highlights include 19.4 million euros from Converge for decarbonized concrete using AI$15 million seed round for Mythik games, DataHub’s $35 million Series B for AI Reliability.
Investor Activities
Big names like Square Peg, Bessemer Venture Partners and Accel have bets on a wide range of startups. Some, like Mythik, have kept their supporters on rap for now. The combination of sectors suggests investors remain open-minded, but in some cases the missing numbers suggests that ongoing transactions or companies choosing to keep details close.
These rounds reflect an aggressive startup scene, with money flowing through everything from payments and AI to technology cleanliness. Still, tracking the big picture isn’t always easy, especially in early stage rounds where you stay under stealth players and radar.
Below is a breakdown of each fundraising round we tracked today, with a summary, transaction details and quick context to speed up.
Zoka was founded in 2024 by longtime friends and classmates of IIT Kharagpur, Ashish Verma and Robin Chauhan. It sparked a simple but powerful insight. A clear gap emerged as more experts moved away from the salon chain and launched their own ventures. These talented entrepreneurs were not short due to lack of skills. They were disappointed with the tools they had not helped them to be discovered, booked or maintained a steady demand.
Startup: Zoca
Investors: Accel (LEAD), GTMFund, Elevation Capital, Better Capital
Amount raised: $6 million
Total raise: $8.8 million
Funding stage: Not specified
Funding date: May 21, 2025
This round highlights trends in AI applications in the local business ecosystem, but the funding stage remains unknown, likely indicating an early stage Series A.
Converge raises $22 million to decarbonise concrete with AI
Funding details:
Startup: Converge
Investors: ABN AMRO Sustainable Impact Fund (SIF) (LEAD), Climate Investment (CI), Ventures, Force over Mass Capital, Move Energy, Pi Impact, J-Impact
Amount raised: 19.4 million euros
Total increase: not specified
Funding stage: Not specified
Funding date: May 21, 2025
This round reflects its focus on sustainability, particularly in construction, with participation from existing and new investors.
Crusoe has secured $11.6 billion to build Openai’s largest data center
Crusoe Energy Systems has raised $11.6 billion in new funding to expand its AI infrastructure, particularly for Openai’s large new data center in Abilene, Texas. Part of the $500 billion Stargate project, featuring Oracle and Softbank, the eight building facilities house up to 50,000 Nvidia Blackwell chips per building, marking a strategic shift from Microsoft’s infrastructure.
Funding details:
Start: Crusoe Energy System
Investors: Blue Owl Capital, Oracle (via lease), SoftBank (via Stargate Project)
Amount raised: $11.6 billion
total: $15 billion
Funding stage: Liabilities and equity funding
The deal is less than five months after Crusoe raised $600 million in the Series D round, which valued the company at $2.8 billion, aimed to promote a push to AI cloud infrastructure.
Mythik raises $15 million in seed funds for the game
Mythik, an Indian gaming startup led by Jason Kothari, raised $15 million in the seed round, claiming it was the biggest of the Indian gaming startup. No specific investors were revealed, and the funds’ objectives were not more detailed than to support growth.
Funding details:
Startup: Mythik
Investor: Not specified
Amount raised: $15 million
Total salary increases: Not specified (possibly $15 million)
Funding Stage: Seed
Funding date: May 21, 2025
The round highlights the appeal of the gaming sector in India, but the lack of investor details suggests possible private negotiations and pending announcements.
Datahub secures $35 million in Series B funding for AI reliability
Funding details:
Startup: DataHub
Investor: Bessemer Venture Partners
Amount raised: $35 million
Total procurement: Over $65 million
Funding Stage: Series b
Funding date: May 21, 2025
The latest round reflects investors’ strong interest in AI infrastructure, and Bessemer’s leadership demonstrates confidence in Datahub’s growth potential.
Sector and Investor Trends
The financing environment for May 21, 2025 shows the range of diverse sectors where payments (Airwallex), AI (Zoca, Datahub), sustainability (Converge, Sparkcharge), and Gaming (Mythik) attract key capital. Investor participation, led by well-known companies such as Square Peg, Bessemer Venture Partners and Accel, suggests both continuity and fresh interest in several rounds, including a combination of existing and new investors. Variations in the funding stage from seed (Mythik) to Series F (Airwallex) indicate mature ecosystems with opportunities for both early and late startups.
Funding Summary Table
For integrated views, the following table summarizes the important details of each funding round.
Investors (leads and well-known investors)
Square Peg (Lead), DST Global, Lone Pine Capital, Air Tree, Salesforce Venture, Host Plus, NGS Super, Blackbird
Blue Owl Capital, Oracle (via lease), SoftBank (via Stargate Project)
Liabilities and equity funding
Accel (Lead), GTMFund, Elevation Capital, Better Capital
ABN AMRO Sustainable Impact Fund (SIF) (LEAD), Climate Investment (CI), Enforcement of Large Mase Capital on Ventures, Energy Transfer, PI Impact, J Impact
Bessemer Venture Partners (Led)
Impact on stakeholders
These funding rounds suggest a vibrant technological ecosystem with large capital flowing into innovative sectors. For investors, stage and sector diversity offers opportunities for both early stage betting and late stage growth. For startups, there is still a high competition for fundraising, as there is a clear investor preference for AI, sustainability and payments. However, the lack of complete data for several rounds, such as Mythik investors, illustrate an ongoing challenge in transparency and could potentially impact market analysis.
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