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Startups & funding

Notable funding rounds, acquisitions, new companies and venture trends.

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Sat, Oct 32 items

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It's a quiet day in startups and funding, with Zhejiang's five-year incubator plan and Neko Health's US expansion after its large raise drawing attention.

Trends

Zhejiang issues five-year incubator action plan

Zhejiang's provincial government issued a 2026-2030 action plan for high-quality tech business incubators, targeting over 2,000 incubators and 25 million square meters of space by 2030, plus 50,000 tech firms and 10,000 high-tech enterprises.

Why it mattersLocal government incubator expansion targets will shape resources and policy support available to early-stage startups.

Trends

Neko Health expands into the US after funding

Body-scan startup Neko Health, backed by a Spotify billionaire, has come to America, with investor Farooq Abbasi discussing what's next for the company on Equity.

Why it mattersCompetition in the US body-scan market may intensify, and readers tracking this sector should watch its expansion pace.

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Recent briefs

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  2. Sun, Oct 42 itemsToday's startup and funding news is led by London payments infrastructure firm OpenPayd's plan to list on Nasdaq by year-end, and liquid-cooling giant Vertiv's acquisition of Europe's KES, highlighting fintech listings and AI data-center supply chain consolidation.
  3. Sat, Oct 32 itemsIt's a quiet day in startups and funding, with Zhejiang's five-year incubator plan and Neko Health's US expansion after its large raise drawing attention.
  4. Fri, Oct 27 itemsAI dominated this week's funding news: Instinct raised $1B, Armadin raised $255.5M at a $2.5B valuation, while Broadcom moves to raise $60B for Anthropic's chip project.
  5. Thu, Oct 18 itemsStartup funding stayed hot this week: ElevenLabs doubled its valuation to $22B, EliseAI raised $350M, and Nscale secured $3.36B in convertible financing ahead of a US IPO, while Oura postponed its IPO and three Chinese space firms saw IPO reviews suspended.

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