Latest Startups & Entrepreneurship News

📅May 10, 2026 at 1:00 PM
AI ed-tech startup Gizmo raises $22M Series A; Averroes Ventures targets $50M waste-to-value fund; Arāya Sie Fund closes £7.5M for women-led AI/deeptech startups.
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Gizmo Raises $22M Series A for AI-Powered Learning Platform

Gizmo, an AI-native ed-tech startup, secured $22 million in Series A funding in May 2026 to make studying addictive with defensible AI moats. The round highlights institutional investors rotating into AI platforms amid capital displacement from traditional consumer apps. Same week saw Basata's $21M and Enter's $100M Series B. Source 1

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Averroes Ventures Prepares $50M Fund for Waste-to-Value Startups

Egypt-based Averroes Ventures is launching a $50 million fund targeting recycling, industry, and energy startups turning waste into value across North Africa and the Middle East. Backed by international investors, development institutions, and local banks, it aims for a Q3 2026 close. Source 2

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Arāya Sie Fund Announces £7.5M First Close for Women-Led Startups

UK-based Arāya Sie Fund achieved a £7.5 million first close to invest in female-founded AI, deeptech, fintech, healthcare, and sustainability startups in the UK and Europe. Targeting pre-seed/seed stages with £100k-£300k checks, it plans to support up to 40 companies, 70% in UK. Fundraising continues. Source 3

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Basata Secures $21M for AI Healthcare Infrastructure

Basata raised $21 million in funding the same week as Gizmo's round, focusing on AI healthcare infrastructure. This reflects growing investor interest in AI-native platforms per PR Newswire's May 2026 venture roundup. Source 1

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Enter Lands $100M Series B, Becomes Latin America's First AI Unicorn

Enter secured $100 million in Series B funding, achieving unicorn status as Latin America's first AI company. The round closed alongside other AI deals in May 2026, signaling regional AI momentum. Source 1

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Ninja Lines Up Banks for Potential $1B IPO

Ninja is preparing for a potential $1 billion IPO by lining up banks, as reported on May 10, 2026. This move underscores maturing startup paths to public markets. Source 2

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Siin Raises $3M to Scale Live Commerce Platform

Siin secured $3 million to expand its live commerce operations. The funding supports growth in a competitive e-commerce landscape. Source 2

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Saudi’s Madeed Raises $925K for Preventive Health Platform

Madeed, a Saudi startup, raised $925K to develop its preventive health platform. This early-stage funding highlights rising interest in healthtech in the region. Source 2

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Institutional Investors Shift to AI-Native Platforms from Consumer Apps

Investors retreating from consumer apps in 2024-2025 are now funding AI-native startups like Gizmo with strong moats, enabling deal structures impossible 18 months ago. PR Newswire's roundup shows multiple AI infrastructure rounds closing simultaneously. Source 1

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Arāya Sie Targets 40 Female-Led Startups Across Europe

Arāya Sie Fund allocates 30% of capital to Europe beyond UK, including Nordics and CEE, addressing venture capital gaps for women in AI and deeptech per PitchBook and UK reports. Initial investments range £100k-£300k at pre-seed/seed. Source 3