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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. with seven, Norway with five, and Spain, Finland, and Switzerland with four each. Rhys Spence. Contributor. Share on Twitter. and three in Asia.
Hardware, as the saying goes, is hard; but there remains an opportunity for startups that focus on specific niches to build viable businesses. The company’s business model was originally banked around selling hardware, which today is used by “hundreds of thousands” of active users. 42 million. EBITDA *. $31
Norway’s Pangea Trust, through its equity crowdfunding platform Connect , is unlocking diaspora remittance inflows as funding source for early and growth-stage startups in Africa. Startups in Africa raised nearly $5 billion in funding last year but the amount remains meager when compared to the rest of the world. to $5B in 2021.
Online grocery delivery, a booming business at the height of the COVID-19 pandemic, has definitely come down to earth with the shifts in the economy, public health and technology investing. Rohlik in the Czech Republic, Picnic in the Netherlands and Everli in Italy — says that its Norway operations are profitable. “In
Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Next stop, Norway. Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli.
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.
With a few minutes to spare, I grabbed some lunch while discussing the best way to help one of the YGLs get expansion funding for her cool product that could fight cervical cancer nonsurgically. Prince Haakon of Norway kicked off the session, along with our moderator, Angel Cabrera, the dean of the Thunderbird Business School.
Now that we believe we’ve really begun to solve the problem of making the text in books accessible for the 1% of the population with a severe print-related disability, we’re busy thinking about the next frontier. It is a great testament to the strength of support for Miradi in the environmental sector.
Lunar , the Nordic challenger bank that started out life as a personal finance manager app (PFM) but acquired a full banking license in 2019, has raised €40 million in Series C funding from existing investors. Overall, the bank has 5,000 business users and 200,000 private users across Denmark, Sweden and Norway.
By digitalizing the insurance work for insurers and intermediaries, its platform enables them to save time, focus on their clients and scale their business. . Antler joined in its previous funding. . Kistefos has a strong investment portfolio in Norway and Europe, including companies delivering financial services.
Memmo.me , a startup allowing users to pay celebrities for personalized video messages, is announcing that it has raised $10 million in Series A funding. “We want to be the place where you can find everyone from world famous talents like a soccer or basketball star, to the local musician down the road,” he said.
Challenger banks have become, collectively, a force to be reckoned with in the world of financial services for consumers, and today one of the big players out of the Nordics — Lunar — is announcing growth funding along with two new services to continue filling out its ambition of providing a one-stop super app for its users.
Payments made a huge shift to digital platforms during the COVID-19 pandemic — purchasing moved online for many consumers and businesses, and a large proportion of those continuing to buy and sell in-person went cash-free.
million round in the Oslo, Norway-based company, alongside seed investors LocalGlobe and Visionaries Club. Most recently, the firm led a $20 million round in Xentral , a German startup that develops enterprise resource planning software covering a variety of back-office functions for online small businesses.
In line with that trend, today a startup out of Denmark called Ageras Group , which has built a dual-purpose platform, providing both accountancy software and a marketplace for small and medium businesses to find accountants, is announcing a round of growth funding to expand its business. Sweden, Norway, Holland and Germany.
Delegate Connect is the latest virtual/hybrid events platform to land funding. million USD) in seed funding led by AirTree Ventures, which wrote Delegate Connect the biggest seed check in the fund’s history so far. Delegate Connect founders Jordan Walsh and Jacob Thomas. It also plans to open a United States-based office soon.
There are more than 2 billion websites in existence in the world today, millions of apps, and a growing range of digital screens where people and businesses present constantly changing arrays of information to each other. million to fuel its growth.
Corporate training startup Attensi — which originally emerged out of Oslo, Norway — has raised $26 million from New York-based Lugard Road Capital, DX Ventures (a VC fund backed by Delivery Hero) and existing shareholder Viking Venture. The new funding will be used to expand in North America and Europe.
German launch startup Isar Aerospace has scored $165 million (€155 million) in new funding as it races toward the inaugural flight of its Spectrum small rocket later this year. Isar’s funding history reflects this increasing overlap between public and private interest. million (€10 million) prize from the European Commission.
Tsais remarks were made in an interview with Nicolai Tangen, chief executive of Norways Norges Bank Investment Management, at a time when the Chinese tech giant has undergone frequent organizational restructures. The world’s largest sovereign wealth fund also owns shares in Alibaba’s top competitors, PDD and JD.
Our population churns out 181 patents per million inhabitants ranking us #8 in the world – ahead of the US, South Korea and Norway. 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.
.” While its technology is mainly used by construction companies in Norway for now, 7Analytics is expanding into new areas such as energy infrastructure, and is currently in talks with a handful of energy companies in the U.S. While this funding will help 7Analytics expand both in Europe and the U.S.,
The funding, which brings Finn’s valuation to “more than $500 million,” comes at a time when consumers are starting to shift away from traditional car ownership models like leasing or financing. Car subscription platform Finn has raised $110 million in equity to expand in the U.S. In the U.S.,
And when XPeng rolled its first exported electric vehicles off a boat in Norway last week , it accomplished something many of its peers have sought: expansion into new markets. That was funding we couldn’t have possibly spent on any level of production that we have planned for the company over the next number of years,” Atkinson said.
The startup, based out of Oslo, Norway, initially made its name with an app called Timely , a tool for people to track time spent doing different tasks. Timely has racked up 500,000 users since 2014, including more than 5,000 paying businesses in 160 countries. Now, Memory.ai Now, Memory.ai previously.
Out of nearly 200 participants from 35 countries, Solar Salvage, a vehicle building and exploration game created by just three developers: Nattland Interactive in Sweden and 707 Heaven in Norway, has been awarded the $10,000 grand prize. Learn more at Cinereach.org. With an annual grantmaking budget of approximately $1.5
In 1999, the Greenpeace national offices in Denmark, Sweden, Finland and Norway united to form one regional entity: Greenpeace Nordic. The scale of the organisation’s work means that both funds and people are critical. Greater agility through strong processes.
” Klemm is a partner at European venture fund Earlybird Venture Capital , which co-led Ripe’s $2 million pre-seed round alongside Norway-based firm Alliance Venture. Earlybird VC closes new €350M fund for Western European startups, with a deep-tech angle. Similar companies already exist in the U.S.,
Swedish startup PocketLaw — a contract automation software-as-a-service legal tech platform which is mainly focused on SMEs — has pocketed €10 million (~$11M) in Series A funding led by European VC firm, Atomico, to fuel expansion in Europe. ” “We believe that everything you do more than once should be automated.
Backed by the likes of Sequoia, Silverlake, and Atomico, a new $650 million funding round in September gave the company a whopping $10.65 We also discuss Klarna’s business model and the balancing act required to win over consumers and keep merchants onside. And those “Smoooth” ads (below) certainly don’t offer much reassurance.
” The free version of Kry’s tools for clinicians generated “big uplift” for the business, per Schildt, but he’s more excited about the wider service delivery shifts that are happening as the pandemic has accelerated uptake of digital health tools. In short, Kry is agnostic about how it helps deliver healthcare.
Twig , a London-based fintech targeting Gen Z and younger Millennial consumers with an e-money account that gives them instant cash-outs on fashion and electronics they want to sell, has closed a $35 million Series A round of funding. ” Cupi condenses Twig’s business to a very simple pitch: “We tokenize assets.”
Backed by the likes of Sequoia, Silverlake, and Atomico, a new $650 million funding round in September gave the company a whopping $10.65 We also discuss Klarna’s business model and the balancing act required to win over consumers and keep merchants onside. And those “Smoooth” ads (below) certainly don’t offer much reassurance.
It’s a strategy that netted LIVEKINDLY Collective’s business $335 million in a recent round of funding, making it one of the most well-capitalized new entrants in the vegetarian food brand category. The European startup is looking to take a page from the shouty LIVEKINDLY Collective playbook and take on the U.S.
It’s clear that data will be used for marketing purposes and shared with Push it’s vendors and business partners, the policy says.). Canada, Bermuda, Ireland, and Norway, the firm says. The company has an undisclosed amount of funding. The app also brazenly solicits 5-star reviews. It’s No. 1 in the U.S.,
Um, there is a #$@% ton of mobility news to get to, including a few scoops, some investment news, and a new “market map” that takes a deep look into the business of Mobility-as-a-service apps. MaaS transit: The business of mobility as a service. million) in a funding round led by Swedbank Robur.
That said, Norway’s VC community has been somewhat dormant for a while. The country makes far too much money from oil, giving it one of the world’s largest sovereign wealth funds and a large system of socialized support. In Norway, sustainability-focused companies. 50% Norway, 50% Nordic/Baltic. and Nomono.
Norway abandoned its contact-tracing app on Monday after it reached just 10 percent adoption.) Wallace-Wells reports that the federal government has allocated funding for contact tracing nationwide, but only at about one-sixth of the $3.6 YouTube created a $100 million fund to amplify black creators. That’s real money.
But now that Musk is busy gleefully cutting funding and firing federal employees not to mention tweeting hundreds of times per day his divided attention is rubbing his investors the wrong way. Tesla's stock woes are a reflection of ominous business fundamentals. Sales have also slowed in China , slipping by 11.5
All the while, Vincent Bollor, the billionaire power broker who wields significant influence over the parent company behind their music labels, was busy building an industrial empire in those same countries. That same year, fellow UMG client The Weeknd also launched a UN humanitarian fund benefiting the same region.
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