5 promising impact startups of May 2020

Greyparrot raised €2 million to automate recycling sorting

British AI tech startup Greyparrot has raised around €2 million to tackle the growing waste crisis, by introducing digitization and automation to recycling. The round was led by Speedinvest with participation from Force Over Mass. Only 14% of waste is recycled, due to inefficient recycling systems, rising labour costs, and strict quality requirements imposed on recycled material. Greyparrot, founded in 2019, provides AI-driven waste recognition software to monitor and sort waste at scale. 

Kide Science raises €1.5 million to get kids excited about science

Edtech startup Kide Science, a global early childhood science learning provider, has secured €1.5 million funding in a seed round. Kide Science, founded in 2017, is all about helping children to be curious about science and the natural world in everyday life. The platform is aimed at kids aged 3 to 8 years and helps them learn through play-based learning, storytelling and dramatic arts.

GramCover raises early funding to insure India’s rural households

Poor distribution has kept affordable insurance products for safeguarding health, livelihoods and possessions out of reach for most of India’s low-income, rural households. GramCover launched in 2018 to bridge the insurance access gap through digital services. GramCover reaches more than 1.3 million farmers and has sold $10 million in premiums.

Gifts for Change snaps up €1 million to expand its good causes platform

French startup Gifts for Change has raised €1 million to expand its platform, which allows companies and organizations to get involved in environmental and societal causes. Founded in 2014, the Paris-based startup designs and distributes ecologically and socially responsible items, all made in France, to its customers. The items distributed by Gifts for Change are 99% eco-designed 80% made in France, and 40% made by people with disabilities.

Peanut snaps up €11 million to become the leading women’s social network

London-based femtech startup Peanut today announces closing an €11 million Series A funding round, led by the EQT Ventures fund. The startup will use the fresh funds to push its femtech app to the next level and become the leading social network for women globally. Peanut was launched in 2017 by Michelle Kennedy. Peanut grew first as a femtech app for mothers to chat to, meet up with, and learn from like-minded women that happen to live in their neighborhood.

Galileo IIIC

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