STC’s VC arm tali Ventures led a USD 10 mn series B funding round for Dutch-based trade-in solutions startup NorthLadder, with participation from Dutch Founders Fund and Crescent Ventures, state news agency SPA reported. Information on the breakdown of each investor’s contribution to the round, or on whether the investments are debt or equity-based was not disclosed.

Meet NorthLadder: Co-founded in 2020 by Sandeep Shetty (Linkedin) and Mihin Shah (Linkedin), NorthLadder leverages a proprietary auction engine to automate assessments and improve its device trade-in program that promotes sustainability goals and a circular economy. The company currently operates in more than 10 countries, as per its LinkedIn account.

IN OTHER STARTUP NEWS-

Beta Lab Saudi launched a USD 300 mn fund to support startups in MENA and Southeast Asia, it said in a post on X. The fund was launched with support from a host of local and global partners, including the Ministry of Investment, the Research, Development and Innovation Authority, HKTSP, Telkom Indonesia and its VC arm MDI Ventures.

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