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I bet you didn’t know that Estonia has the third highest amount of startups per capita than any other country in the world. And the country isn’t just dominating in terms of quantity, in 2017 it also brought in more venture capital funding per capita than major tech hubs like Germany, France and Spain.
Economies of scale are an essential cornerstone for on-demand companies, and to that end one of the hopefuls in the space has raised a big round to grow its business. “All of our business units are growing,” founder and CEO Markus Villig said in an interview this week. billion ($8.4
million in seed funding. Launched in Estonia in March this year and currently expanding to Poland, Rendin operates a long-term rental platform that promises to smooth out the process between landlords and tenants. “It really looked like the world was going to fall apart and a lot of the risks in home renting skyrocketed.
Pipedrive , the sales CRM tool for small and medium-sized businesses, is the latest European company to reach unicorn status. Founded in Estonia and now headquartered in New York, the company has taken a majority investment from U.S. “Pipedrive is now Europe and Estonia’s newest SaaS unicorn,” says Zennström.
The business world has a love-hate relationship with coaching. Founders are visionaries: They start with an idea, a talent, a dream, but not necessarily the business know-how. We look up to business magnates, believing that they sailed from a college dorm to the C-suite without breaking a sweat. Should I trust my gut?
Bob W , the self-described “tech-driven” hospitality provider that offers an alternative to traditional hotels and short-stay rentals, is disclosing €10 million in seed funding. Leading the round, which included a first tranche of €4 million last year, is byFounders VC and private equity firm Finnish Industry Investment (Tesi).
Outvio , an Estonian startup that provides a white-label SaaS fulfillment solution for medium-sized and large online retailers in Spain and Estonia, has closed a $3 million early-stage financing round led by Change Ventures. This is the startup’s first institutional round of funding after bootstrapping since 2018.
Based in Tallinn, Estonia, Warren’s self-service distributed cloud platform is gaining traction in Southeast Asia, one of the world’s fastest-growing cloud service markets, and Europe. At the same time, the agency’s e-commerce clients were running into challenges as their businesses grew. It recently closed a $1.4
They were joined by existing investors IVP and Accel, bringing Veriff’s total funding to date to $200 million. The new funding means the company is now valued at $1.5 The Estonia-based startup’s “special sauce” is using AI-powered video to verify identifies.
Woola (Estonia), Papkot (France), Biotic (Israel), FunCell (France) and Traceless (Germany). The investment will be used to fund the opening of its first raw material production plant. Luckily there is no shortage of sustainable packaging startups in Europe. Just take a look: Circleback (Germany), Recup (Germany), Sourceful (U.K.),
Estonia-based Membo — which is backed by Y Combinator and will be presenting at the incubator’s Summer 2021 Demo Day next week — is aiming to take a slice of the premium end of grocery shopping in Europe and a bite out of supermarket giants’ continued dominance of the traditional weekly food shop. .
Insight Partners led the round, with Wildcat Capital Management and a new strategic backer, the unified business communications giant RingCentral, also participating. The company — co-headquartered in New York and Tallinn, Estonia — has now raised more than $150 million overall, it said.
Today, one of the startups that’s built an interesting, very “hands-on” approach to addressing that problem is announcing a round of funding to expand its business. “We’ve had overwhelming demand and it’s incredible to see how businesses want to adopt us right now,” he said in an interview.
Katana , an enterprise resource planning (ERP) platform for small- and medium-sized manufacturers, has raised €35 million ($34 million) in a Series B round of funding. Many small businesses opt for spreadsheets despite being error-prone and difficult to scale as their businesses grow.”
To power the expansion, which will see Lightyear land in 19 new markets, including the Baltics and much of Western Europe, London-based Lightyear has also raised $25 million in a Seres A round of funding led by U.S. On top of that, users can invest in what are known as exchange traded funds ( ETF s), which are essentially investment funds.
Bolt , an Uber competitor that is building an international on-demand network of services to transport people, food and other items in cars, scooters and bikes across Europe and Africa, has picked up some strategic funding today to continue expanding its business in emerging markets. billion ). billion, based on a 1.5x
Now, in a spot of perfect timing, a startup out of Talinn, Estonia, called Ready Player Me — which has built a popular platform for creating dynamic, animated avatars to use across virtual worlds built and operated by others — is announcing $56 million in funding to grow its business.
In Latin America, the business of trolling threatens Twitter’s disruptive power. Business writer Gordon Pitts pinpoints 2011 as the game-changing year for the Atlantic startup scene. million USD) through its Atlantic Innovation Fund (AIF). million USD) through its Atlantic Innovation Fund (AIF).
Not Optional , a policy initiative funded by Index Ventures, has, this week, published an open letter signed by many of Europe’s leading investors, startup associations and entrepreneurs, including those who founded Stripe, Personio, Klarna, Wise, Trustpilot, UiPath and Alan. There are other groups that are enthusiastic but also concerned.
Facetime : While Mark Zuckerberg is promising better metaverse avatars, Estonia-based Ready Player Me is delivering. The world has gotten a lot more serious about privacy and data protection, but in many cases business models that rely on personalization of one kind or another have struggled to keep up. See you there! Startups and VC.
In a post that offers a detailed overview, van de Poel identifies “distinctive characteristics” of businesses that should consider ABM strategies, along with specific recommendations for implementing them. Investors say Indian startup funding could get even hotter after record Q3. from Estonia, where I’m originally from.
Y-Combinator- backed Localyze has nabbed $12 million in Series A funding led by Blossom Capital for a SaaS that supports staff relocations and hiring across borders. “With the funding, we want to accelerate our expansion in the UK, Ireland, Netherlands, Portugal & Spain, besides our core market Germany. .”
Part of this process will have to involve making it easier for consumers and businesses alike to transition to electrification, for example through extending access to electric vehicle (EV) charging stations as the U.S. Spain, France, Germany and Estonia. The likes of Sweden , Denmark , and the U.K.
The deal will net Bird hundreds of millions of dollars in cash, which it can use to fund its operations as it continues to chase profitability. Scooter sharing is a cash intensive business, with companies routinely spending more on each scooter than they take in with revenue. billion, below the $2.85
She connects people with the businesses and opportunities that expand their lives. Dear Sophie, A few years ago, I moved my startup’s headquarters to New York from Estonia on an E-2 investor visa. Under your leadership, how much funding has your startup raised? More posts by this contributor.
London and Berlin usually top the lists of European startup hubs, but Central and Eastern European countries like the Czech Republic, Estonia, Croatia and Poland have claimed a growing portion of the startup pie in the past few years. Many older people have a strict understanding of a business and the startup ideas don’t match that.
A conducive business environment. The Dutch have a solid business environment today. It takes five days to start a business today, ranking us #10 in the world in terms of ‘incorporation’ speed. In addition, Dutch businesses enjoy an effective and efficient political & regulatory environment.
Now it’s picking up some funding along with an endorsement Europe to further its growth. The startup has received €50 million (just under $57 million at today’s rates) from the European Investment Bank, the funding arm of the European Union. The funding from the EIB ticks a couple of different boxes for the EU.
Now Estonia-based eAgronom , another FMS startup, has closed a $7.4 Given that agriculture is one of the major sources of global emissions today, with this funding, eAgronom says it aims to create a farming-based carbon credits platform. Agrivi has raised $7.3 million, Granular $24.9 million and FarmLogs $37 million.
TechCrunch: In order to be able to access the support package a local startup must be an innovative business that’s up to five years old (or seven in biotech); making up to €5 million in revenue; and have at least 60% of its employees in Spain. This is sample data that we use — that we extracted from business data analysis.
Clarifai wants to bring artificial intelligence into the lives of developers, business operators and data scientists so they can automate and accelerate their model development. The latest round brings the company’s total funding raised to $100 million. “We We saw an opportunity and raised the round.”.
Planet42 also received $10 million in debt funding from private investors. According to the company, the new financing, comprised of equity, credit facility and debt, will rapidly scale its business and provide a million cars globally to people excluded from traditional car financing.
Our data licensing and API with X is an incredible business. Our new subscription business [is] growing,” Yaccarino said. The lawsuit alleged that the social network “fuels its business with countless infringing copies of musical ‘compositions, violating Publishers’ and others’ exclusive rights under copyright law.”
A source tells us Founders Fund is also investing. April 25, 2023 OpenAI previews new subscription tier, ChatGPT Business Called ChatGPT Business, OpenAI describes the forthcoming offering as “for professionals who need more control over their data as well as enterprises seeking to manage their end users.”
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