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Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund, where he works with portfolio companies to help address priorities, with a focus on internationalization. Europe is home 49 of the surveyed companies, six are based in the U.S., Rhys Spence. Contributor. Share on Twitter. and three in Asia.
It plans to use the funding to expand its footprint across metropolitan areas in its existing three markets — the Czech Republic, Hungary and Austria — as well as to break into Germany, Poland, Romania and other countries in the near future. We understand from sources it is around $600 million. For example, Ocado here in the U.K.,
SumUp — the fintech that provides payments and related services to some 4 million small businesses in Europe, the Americas and Australia — has picked up some growth funding to navigate the choppy waters of the current fintech market, waters that have tipped and swayed SumUp itself.
As part of that broader movement, the mighty WhatsApp, a dominant force in the messaging world, has been pushing deeper into the business arena with myriad tools to connect retailers with customers — from product catalogs and collections , to shopping carts and Instagram Shops integration. Conversational commerce comes to Europe.
Fintech startup and alternative credit asset manager Viola Credit has closed its latest $700 million fund, which provides asset-based lending capital to fintech, proptech and insurtech startups. These are tech companies backed by VCs but they also need financial partners due to their capital-intensive businesses in order to do this.
SoftBank Vision Fund 2 is leading the round, which proves that the Vision Fund team is still focused on high-risk, high-potential bets. As a reminder, SoftBank has invested in many late-stage funding rounds through its Vision Fund team. the company has been expanding rapidly across Europe.
"If it had lasted until Friday, there would have been big risk-management questions for banks," Alistair Milne, a professor of financial economics at Britain's Loughborough Business School, told Reuters, which provided a timeline of events in an exclusive report. Bank risk managers would have to decide: Are we willing to.
SumUp , a London-based startup that helps businesses power revenues through card payments — by way of physical readers, online payments, invoices and other services — is itself powering up in a big way. and basing their service around small card payment dongles that attached to phones or tablets.
As the market swoons, venture capital firms continue to announce new funds. Meanwhile, I corresponded with three firms about their funds and any concerns that limited partners had brought up during the fundraising stage. Last month, Alaya had the first closing of $80 million in capital commitments for its third fund.
Today a startup that has built a platform to make the business of fishing more efficient — and thus the process overall more traceable and less prone to waste — is announcing a round of funding to ride on that wave. Fishing business’s greatest problem, he said, is uncertainty.
The Indian hyperlocal delivery startup Dunzo is in late-stage discussions to secure about $50 million in a new financing round, two sources familiar with the matter told TechCrunch, as the Bengaluru-headquartered startup scrambles for comfort in an otherwise funding winter for younger firms. It’s a dynamic that is playing out globally.
Despite continuing talk about a possible recession , slumping tech stocks and a slowdown in the world of startup investing, the business of funding was positively humming last week. Consider the following: NEA revealed that it closed its two newest funds adding up to $6.2 Is venture funding already back? Even non-U.S.
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
Moove, which deals with new cars, is a flexible option for these drivers who want to get into the business of ride-hailing without having to borrow from car owners or taking bank loans to finance cars bought from dealerships. So we’re still a young business. Moove’s total funding is $174.5 Image Credits: Moove.
Yair Snir is vice president and managing director of Dell Technologies Capital, leading venture investment activity in Europe and Israel. Prior to becoming an early-stage investor at DTC, I ran business development and M&A for Microsoft across Europe and Israel. Contributor. Good companies get bought not sold.
It would appear that OpenAI’s Chat GPT allying with Bing will not be the only threat to Google’s search business model in the future. With its release of WhatsApp Business app (WAB), Meta is effectively building a sort of rival search engine to Google to keep us all inside the app. has the third most WhatsApp users in Europe with 40.41
This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. On a high level, it’s no surprise that funding flowing into fintech startups was down both globally and in the U.S. And it wasn’t only funding. Fundings and M&A.
Open banking platforms, where services that might not have previously lived next to each other are now joined up by way of APIs, has been one of the emerging trends of the last couple of years, and today one of the leaders in the space out of Europe has closed a round of funding to expand its business. million in funding.
There are multiple messaging apps active in Southeast Asia and most consumers prefer to use them over email when they contact a business. Respond.io’s dashboard, which processes over 140 million messages per month, consolidates all the messages a business gets, so the right person can see them. Respond.io has grown its revenue 25x.
million in pre-Series A funding. Flow intends to use the funding to include other social media platforms such as TikTok and LinkedIn and other advertising channels like digital out-of-home billboards. It is in talks with partners, mainly property portals and CRM platforms, to expand into Europe (France, Germany, Belgium and the U.K.)
Source: United Nations Population Fund. First-time access the mobile internet is exploding across Asia, Africa, Latin America, and the Middle East and in Europe, North America, and Australia, the mobile web has surpassed desktop. Source: Business Insider. Source: Rothschild’s Giraffe Project.
On one side, restaurants, grocery stores, bakeries and other food businesses contribute surplus food items. It’s a win for everybody as businesses can generate a bit of revenue from surplus food, customers can buy food at great prices and it reduces unnecessary waste. 65,000 businesses have sold something on Too Good To Go so far.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., has raised $10 million in a funding round led by the South Korean gaming company Krafton. The Krafton-led, all-equity Series A funding round also saw participation from Peer Capital.
Venture capital (VC) firm Lifeline Ventures today announced a fresh €150 million ($163 million) fund aimed at early-stage startups across Finland. With its new fund, the company says it will look to make investments ranging from anywhere between €150,000 and €2 million. billion for a majority stake in 2016. . when invited to do so.
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. ” Papaya wants to help electrify last-mile logistics in Europe by Paul Sawers originally published on TechCrunch.
The company, which allows e-commerce businesses to scale and grow by targeting businesses with limited bank or venture financing access, is announcing that it has raised $3.6 million in seed funding to supercharge its efforts. We always thought to ourselves that this should be the exact opposite. Wayflyer raises $150M on a $1.6B
Today, an adtech out of Spain that’s doing just this has raised a big round of funding to double down on the opportunity. The money is coming in the form of an equity investment from a single investor, Advent International, and it will be used to help the company expand beyond Europe, specifically deeper into the U.S.
There’s been talk of a slowdown in venture funding recently, with TechCrunch looking at it from different angles, including the fintech sector, a PitchBook report and even earlier on how startups should prepare in case it happens. We saw an average of 32% re: % of capital called in a fund’s first full calendar year. That’s new.”.
The six-year-old company, which has raised upwards of $40 million in venture funding and served over 2 million students, is now being used across more than 1,800 districts and in 3,000 schools. In 2024, Good Inside launched an AI-powered app to help subscribers more effectively navigate day-to-day parenting challenges.
AMP Robotics , a Denver, Colorado-based startup creating robotic systems that can automatically sort recyclable material, today announced that it extended its Series C round to $99 million, thanks to an investment from Microsoft’s Climate Innovation Fund. That’s up from $91 million when the round closed in November.
Deep tech has become a hot topic in Europe, with hopes that the region can have an edge over the rest of the world for innovation rooted in fundamental research. “From startups to universities, we join forces to make Europe a world leader in the new wave of deep tech innovation!” Want it in your inbox every Saturday?
Sweden-based VC fund Pale Blue Dot bounced onto the scene in 2020 with a €53 million fund to help climate-focused startups. This fund grew again by €34 million in April 2021 , and after deploying investments into 28 climate-forward companies, the investor this week announced it has officially closed its second fund.
Those specific investments were from Playfair’s inaugural fund which wasn’t focused on any particular “stage” of company. “I’d say probably half the funding in our portfolio is pre-product, pre-traction,” Playfair managing partner Chris Smith explained to TechCrunch.
Given the likely global recession, small businesses are reaching for new kinds of financing. Thus, the buy now, pay later business model is now expanding into this B2B world at a rate of knots. based venture capital fund Valar Ventures and will use the funding to expand into more European countries later this year.
Since open banking requires that banks make valuable data available via APIs, it is leading to a revolution in the way that small and mid-size enterprises (SMEs) are funded — one in which data, and not hard capital, is the most important factor driving fintech success. Here’s why so many fintech startups are loaning to small businesses.
million pre-Series A funding. debt) pre-Series A funding. The equity round was led by Acumen Resilient Agriculture Fund (ARAF) and FMO, the Dutch entrepreneurial development bank, with participation from Greater Impact Foundation. Farmerline was founded in 2013 by Alloysius Attah and Emmanuel Owusu Addai. million ($6.4m
In March 2020, the company made headlines for laying off nearly 300 employees in the face of a slowdown in business related to the pandemic. That pivot has proven to be a smart move for the company, which today announced it has raised $275 million in a Series F “growth” funding round at a $7.25 billion valuation.
Millions of small and medium businesses still operate inefficiently due to dependency on manual processes, which limits their capacity to grow and scale; this is despite contributing to about 48% of Nigeria’s GDP in the last five years, But the tide is turning. Some include Pastel , Kippa and OZÉ. .
Now Nord Security , the startup behind one of the bigger paid VPN providers, NordVPN , is announcing significant funding at a “unicorn” valuation to build out both its consumer and enterprise business lines to capitalize on that growth. So why raise now? firm Versprite.
It’s crunch time in the world of instant grocery delivery, with the latest turn representing a big blow specifically in Europe. Gorillas’ news today spells out a couple of different challenges both for it, and for the wider instant delivery space. “Now even more people will look at this like it’s just a bubble.”
-based startup platform Bloom has now secured a £300 million / $377 million financing round led by Credo Capital and Fortress Investment Group LLC (NYSE:FIG), making it one of the better-funded revenue-based lending businesses in Europe. It has now raised a total of £307 million. which has raised $681.5
They allow businesses such as mobile operators, e-commerce platforms, and logistics companies to embed and enable banking products for their customers. With this new financing, Credable plans to launch four more products this year and partner with businesses in these countries. million seed round. So far, over 1.2
and Europe. However, after putting all that work in, many founders make the mistake of letting a funding moment pass by without extracting all the value they could have. Publicizing funding news lets you create incremental value beyond the capital investment by highlighting your momentum and driving brand awareness. Scott Brown.
So much software is dedicated to helping businesses improve interactions online, whether it be aimed at sales, marketing or customer service. million in seed funding in a round led by Crew Capital , an under-the-radar venture firm co-founded by UiPath co-founder and co-CEO Daniel Dines and UiPath chief strategy officer Brandon Deer.
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