LECTRIC THRIVES AS VC-BACKED E-BIKE STARTUPS FAIL
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
While venture-backed e-bike companies filed for bankruptcy, bootstrapped Lectric expanded aggressively, launching three new brands in six months. The company believes the U.S. market has room for more competition.
■ MORE FROM THE STARTUPS DESK
Ema, an AI agent platform automating corporate processes in HR, IT, and finance, secured $77 million in Series B funding led by Creaegis. The round brings the startup's total funding to $140 million.
Enveda Therapeutics raised $311 million in funding, bringing the AI biotech company's valuation to $2 billion. The capital will accelerate clinical trials for drugs derived from natural compounds.
Portuguese surveillance drone maker Tekever secured $580 million in funding led by UC Investments, reaching a $6.4 billion valuation. The raise follows a major £400 million, 10-year contract with UK Ministry of Defence.
Bessemer Venture Partners announced $5.75 billion in new funding, with $4 billion allocated to growth-stage investments and $1.75 billion for early-stage companies. The capital deployment signals the firm's strategic pivot toward later-stage startups.