AVAX developer Ava Labs looking to raise $350M in new funding round

Ava Labs Inc., the lead developer behind the Avalanche (AVAX) blockchain, is looking to raise $350 million in a funding round at a $5.25 billion valuation, Bloomberg News reported, citing people familiar with the ongoing discussions. If closed, the deal would make Ava Labs one of the world’s most valuable crypto projects. Avalanche is an … Read more

Grover grabs $330M to double down on circular economy with consumer electronics subscriptions

A growing number of people are looking for ways to live more sustainably amid increasing concerns over the environment and what we humans keep doing to pollute it. Today, a startup called Grover, which has built a business around one aspect of that — enticing people to buy and eventually discard fewer consumer electronics such … Read more

Fleetzero looks to capsize the shipping world with electric vessels serving forgotten ports

We’ve been shipping things across the oceans for centuries, and the world’s supply chains increasingly rely on diesel-powered megaships big enough to block entire channels by themselves. How do you decarbonize this monolithic industry? Fleetzero thinks it can with electric vessels making short hops all the way around the Pacific, while relying on smaller ports … Read more