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Two companies in the data business are teaming up, with Near announcing that it has acquired French startup Teemo. Near founder and CEO Anil Mathews told me that his company processes data around the online and offline behavior of 1.6 billion consumers each month: “We marry these two worlds and fill in the gap.”
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. Universities, a deep tech cauldron. “From startups to universities, we join forces to make Europe a world leader in the new wave of deep tech innovation!”
Founded in 2014, Rohlik’s funding comes at an interesting and key moment in the online grocery business, in Europe and beyond. Even with some (very much not all) countries in Europe relaxing parts of their orders, grocery has remained a very-much used online category in markets where it is available. ” Rohlik, ?
Amira Learning is helping young students improve their reading literacy with an AI-powered tutor, while CodeSignal has built a platform for tech workers to pick up new technical skills and practice soft skills through AI-powered simulations.
million Series A led by new strategic investor EIT InnoEnergy, a major accelerator of sustainable energies in Europe that’s supported by the European Union. Aside from Swobbee’s focus on smaller micromobility vehicles, there are a few other differences between the German startup and Gogoro’s business models.
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. Notably, Goldman Sachs and Bain Capital led a $371 million round of debt for the company in 2019.
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.
As Italy reinstates many COVID-19 restrictions, the country’s tech ecosystem is watching and waiting to see what the wider effects of the emergency will be. Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade.
Open source has become a major force in the world of IT, and today a startup that has built a profitable operation by developing business management software on the principle is announcing a sizable secondary investment on the back of that growth. He added that this investment values the startup at over €2 billion (or over $2.3
This is one of the largest rounds in the French tech ecosystem. Qonto is a challenger bank focused on business bank accounts. That’s quite a long list of investors and Qonto proves once again that private equity firms are actively looking for late-stage growth rounds in Europe. Image Credits: Qonto. In the U.S., In the U.S.,
Bfree was founded by Chukwudi Enyi (COO), Moses Nmor (CPO) and Flosbach (CEO), who were looking to develop better, ethical and tech-inspired debt-collection tools and processes following their firsthand experience working for digital lenders in Nigeria. “We Theatre takes over as the head of data decision-making and financial engineering.
Now that’s all good news for businesses and consumers worried about inflation and talk of recession, but those improvements are misleading. Businesses are still taking too long to ship their goods from Asia to the United States or Europe. Meanwhile, businesses large and small are signaling problems.
Terraa , a Moroccan B2B tech-enabled food distribution platform, has raised $1.5 Morocco is our priority at the moment, and we are building the playbook in terms of operations, building our tech and expanding in cities. Benkirane has previously worked with food techs such as Zapp, which he helped scale in both Europe and the U.S.,
Now Denmark is also one of the most exciting startup scenes in Europe and is home to more than 400 tech companies that do everything from analytics and big data to gaming, cloud, fintech, and apps. What more could you want from a country where fairy tales, Lego, and the idea of the chill ‘hygge’ vibe originate?
But public tech companies can, at times, provide interesting insights into how the broader technology market is performing. Then there are the Big Tech companies. This is what a market feels like when the underlying businesses are firing on all cylinders, it appears. TechCrunch isn’t a public-market-focused publication.
Another example is Market Finance, a tech-enabled SME lender in the U.K., These are tech companies backed by VCs but they also need financial partners due to their capital-intensive businesses in order to do this. We are at the intersection by providing lending capital solutions to these new tech-based financial solutions.”.
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.
In sub-Saharan Africa, only 33% of the urban population has access to public transportation, compared to 75% in Europe and North America, according to UN statistics. Treepz founder Onyeka Akumah on how to succeed in transportation tech by Rebecca Bellan originally published on TechCrunch.
has joined the ranks of tech companies in Africa that are pruning their workforce. African genomics startup 54gene lays off 95 as COVID testing business struggles. Kuda , the challenger bank based in Nigeria and the U.K., However, the event speaks to varied efforts startups — including soonicorns and unicorns — are making.
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. 9) The white population in the United States will become a minority by 2044.
Lilt , a provider of AI-powered business translation software, today announced that it raised $55 million in a Series C round led by Four Rivers, joined by new investors Sorenson Capital, CLEAR Ventures and Wipro Ventures. “This new funding will … [reduce our] unit economics [to make] translation more affordable for all businesses. .
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. Philipp Povel, co-founder and co-CEO of Mondu, said there is a “$200 billion opportunity just in Europe and the U.S.,
He also said that it’ll be used to fund geographic expansion as SingleStore eyes a broader swath of customers across Europe and Asia. “SingleStore helps businesses adapt more quickly, embrace diverse data and accelerate digital innovation by operationalizing all data through one platform,” Verma said.
Amazon currently dominates online commerce in the US and parts of Europe, and serves as a backbone to much of the modern web thanks to Amazon Web Services. Bezos’ successor, Andy Jassy, joined the company shortly after graduating from Harvard Business School in 1997, and has led AWS since the team was founded in 2003.
and Europe and helps protect the reputation of the fintech industry. and Europe and helps protect the reputation of the fintech industry. To that end, Railsbank’s credit card as a service offering means that any company can offer a branded credit card using the fintech’s infrastructure and tech.
Arm For making AI data centers more cost effective and efficient The British semiconductor designer Arm has long provided the tech industry with the architecture used in chips that power small devices such as phones, sensors, and IoT hardware. This takes on new importance as a new era arrives in which edge device chips will run AI models.
The coming name change, which CEO Mark Zuckerberg plans to talk about at the company’s annual Connect conference on October 28th, but could unveil sooner, is meant to signal the tech giant’s ambition to be known for more than social media and all the ills that entail. And Snapchat rebranded to Snap Inc.
Amazon and other tech giants are encroaching on their business. Today, Shopic announced that it raised $35 million in a Series B funding round led by Qualcomm Ventures, with participation from Vintage Investment Partners, Clal Insurance, IBI Tech Fund, Tal Ventures and Shufersal.
Europe’s energy crisis bites. But one key component of its production — energy; electricity — is facing supply issues of its own in Europe at present, in the wake of Russia’s invasion of Ukraine. Russia being a major but unreliable supplier of gas to Europe.).
In order to understand the changes that are sweeping fintech and reconfiguring the way that the industry works with small businesses, it’s important to understand open banking. This is not necessarily because open-banking frameworks offer specific new functionality that will be useful to small and medium-sized businesses.
Swedish food tech company N!CK’S CK’S got started in 2017 in Europe when founder and head of R&D Niclas Luthman’s mother was diagnosed as a diabetic, and Luthman diagnosed as pre-diabetic, according to Altschul. “He In Europe, the company makes ice cream, snack bars and confectionery products. However, Altschul says N!CK’S
based cashless payment solutions provider for businesses, today announced that it has raised $3.4 and Europe. It isn’t easy for micro-businesses and solo enterprises, especially those run by migrants, to invest in hardware and buy point-of-sale systems because of how expensive and clunky they can be. Dapio , the U.K.-based
It was a much-needed success for the African music scene, and though it didn’t appear so, it was a boost for its tech scene. . Over the past couple of years, there’s been an overlap between tech and art, fueling a growing interest of movie, music and sports stars investing in tech startups. Europe and globally. .
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. .
Deal of the week The battery business keeps attracting capital. That cash will be used to build new factories in North America and Europe. Several Silicon Valley and freight tech industry angels also participated, according to the company. Just take a look at Swedish lithium-ion battery producer Northvolt. Last year, the U.S.
The two met through the startup’s investor Cathay Innovation , and the acqui-hire will pave the way for Laiye’s entry into the Europe market, said Wang. Wang also saw a strong “cultural alignment” between his business and the French startup led by a team of young founders. Laiye CEO Guanchun Wang.
Its various products include a software layer that bridges the gap between a bank’s legacy tech infrastructure and a modern API, making it easier to build consumer-friendly digital banking experiences. US regulators need to catch up with Europe on fintech innovation .
If all goes well, TuSimple claims it will eventually expand operations to Europe and China. Founded in 2015, TuSimple uses Navistar trucks outfitted with the startup’s own self-driving tech, which sees the world largely through nine cameras. But it hasn’t been smooth hauling for everyone.
Classified giant and global tech investor Naspers acquired Avito. Let’s start with carpooling, BlaBlaCar’s core business. In particular, buses represent a huge opportunity in emerging markets and Eastern Europe. It consolidates our tech stack in the region,” Brusson said. In other words, never bet against carpooling.
The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. Europe and Asia, including Michael Novogratz’s, participated in the round. Alerzo claims to have built up a network of up to 100,000 small businesses, 90% of which are women-led. The company is announcing a $10.5
Ardoq is based out of Oslo and about 30% of its enterprise client base is in the Nordics; the rest is spread between Europe and the U.S. Erik Bakstad, the co-founder and CEO, said in an interview that the plan is to use the funding for more business development to expand that list of users, but also to invest in its product.
Largely because of their age, houses in Europe can be notoriously hard to heat. With energy becoming more expensive, and energy security ratcheting-up as a geopolitical issue, tech startups looking at this problem have been proliferating. It also recently bought sensor startup InfiSense to fuel its energy-saving services.
Before joining Affirm in 2019, Martincevic led Groupon’s international business in Europe, Asia and Australia as chief operating officer and chief marketing officer. During the first ten years of her career, she worked in finance as a founder and investor in socially responsible investments, and women- and minority-owned businesses.
Sebastian Siemiatkowski, the co-founder and CEO of Klarna — the Swedish fintech “buy now, pay later” sensation that is currently Europe’s most valuable private tech company — is dismissive of the suggestion that non U.S. companies should relocate to Silicon Valley if they really want to grow. Siemiatkowski still owns an 8.1
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