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Business banking startup Qonto raises $552 million at $5 billion valuation

TechCrunch

Qonto is a challenger bank focused on business bank accounts. It currently operates in France, Germany, Italy and Spain. Qonto started out with business bank accounts because that’s the key financial component of European companies. This is one of the largest rounds in the French tech ecosystem. In the U.S.,

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Direct-to-consumer orthodontic startup Impress raises $50M to scale across Europe

TechCrunch

such as SmileDirect, and now plans to scale across Europe from its existing bases in Spain, Italy, Portugal, the U.K. We doubled down on the doctor-led digital model which brought us way better conversion rates and treatment quality even though on paper it looked complex in the beginning. and France.

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Digital road freight forwarder Sennder raises $160M Series, plans European expansion

TechCrunch

Sennder directly connects enterprise shippers with trucking companies, thus disintermediating the traditional freight model. In June 2020 it merged with French competitor Everoad, and acquired Uber Freight’s European business last September. It says it will move over 1 million truckloads this year.

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Boutique hotel tech platform NUMA raises $45M growth financing round led by DN Capital

TechCrunch

million, and, in the post-pandemic world where the population has become far more movable due to remote working, similar businesses are raising funds to attend to the needs of this global, nomadic workforce. Germany-based NUMA Group expanded into Spain, Italy, Austria and the Czech Republic in 2021. Based out of the U.S.,

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Zoom knots itself a legal tangle over use of customer data for training AI models

TechCrunch

The recent terms & conditions controversy sequence goes like this: A clause added to Zoom’s legalese back in March 2023 grabbed attention on Monday after a post on Hacker News claimed it allowed the company to use customer data to train AI models “with no opt out” Cue outrage on social media. Still, people were mad.

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Italy’s Commerce Layer raises $16M led by Coatue for its headless commerce platform

TechCrunch

Today, one of the companies building headless tools is announcing a round of funding as it continues to expand its business. Filippo Conforti, the CEO and co-founder, said it plans to bring in a lot of new features. Benchmark led Commerce Layer’s Series A about a year ago. That round came at a very key moment for the startup.

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Marketing automation startup Retail Rocket nabs $24M for expansion

TechCrunch

Founded in 2013 by Leonid Shangin and Yakov Filippenko, the company offered services to collect customer data and leverage it to create games, texts, and tasks designed to encourage repeat business. ” According to Khlebinsky, Retail Rocket uses a mathematical model to segment first-time buyers of a company’s product. .