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A country of never-ending sunsets, northern lights, and home to over 50 thousand islands and fjords, Norway has always been a haven for nature enthusiasts. Norway is home to one of the fastest growing startup ecosystems in the Nordics. In the first half of 2018, the country raised $185.8 million in investments, a full 76.3
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.
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. ” Cameo raises $50M to deliver personalized messages from celebrities & influencers. . Memmo has now raised a total of $12 million.
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
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. It has now raised €175 million in total.
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.
The startup has raised €70 million ($77 million at today’s rates), at what I understand from a person close to the company to be a $2 billion post-money valuation. Along with that news, it’s launching a crypto trading platform and B2B payments for its small and medium business customers. Augustinus Fabrikker. ”
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. There are others that the company is under NDA with that it cannot disclose.).
Hardware, as the saying goes, is hard; but there remains an opportunity for startups that focus on specific niches to build viable businesses. And it seems that the startup is open to raising more to invest in growth (perhaps another reason for speaking about its latest investment now). There is no emphasis on new model ownership.
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. Last week, Shogun — which focuses only on e-commerce and front-end design, raised $35 million.
Car subscription platform Finn has raised $110 million in equity to expand in the U.S. Car subscription platforms, especially ones that offer electric vehicles like Onto in the UK and imove in Norway, are taking off as trends like usership over ownership, online shopping and EV usage rise.
Crowdsourcing the shipping world : Backers delivered $80 million to Xeneta, on a $265 million valuation, for the Norway-based company’s crowdsourcing approach to determining air and sea freight rates, Ingrid reports. Ex-Googler’s TeraWatt raises $1 billion to expand commercial EV charging , reports Rebecca. Christine and Haje.
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.
By digitalizing the insurance work for insurers and intermediaries, its platform enables them to save time, focus on their clients and scale their business. . The company has raised a $1 million seed round to enhance its platform and scale in Asia. India’s insurance platform Turtlemint raises $30 million.
The company will be flying five customer payloads on its first mission, which is scheduled for the second half of this year from Andøya, Norway. But look, if you divide the entire market globally for launch services by seven, eight companies, it’s a very lucrative business for those seven, eight companies.”
The deal could pave the way for a new business that would offer carbon capture and sequestration services to commercial enterprises around the world, if the joint venture between Climeworks and the newly formed Northern Lights company is successful. Big interest in discussing with us.
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.
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 It is, in a sense, a timely disruption.
After raising $215 million from SoftBank to double down on the surge of interest in online learning, Kahoot has made an acquisition to expand the scope of subjects that it covers. The plan is to integrate more Kahoot features into Drops’ apps, and to bring some of Drops’ content into the main Kahoot platform.
The Melbourne-based startup announced today it has raised $10 million AUD (about $7.3 The capital will be used to build Delegate Connect’s teams in Melbourne, London and Norway, which enable it to handle events around the world, increasing headcount from 45 to more than 100 by December. Hopin confirms $400M raise at $5.65B valuation.
Businesses operate differently, typically looking to pay later at some agreed upon time frame between one week and 90 days. Two , an Oslo, Norway startup wants to change that by bringing the world of net payments online and helping speed up transactions by making them digital. Small businesses can get started with no code.
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 fund raised its position in Temu parent PDD by 117.9% We forgot about who our real customers are, Tsai told Tangen.
.” 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. Elsewhere, Australia’s FloodMapp recently raised $8.5
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. Now, Nio is arguably the second-most successful electric vehicle company behind Tesla (though still a very distant one) and just raised another $2.6
Startups in Africa raised nearly $5 billion in funding last year but the amount remains meager when compared to the rest of the world. Reports say African startups raised record-smashing $4.3B to $5B in 2021. And that is why we are working towards unlocking diaspora remittance as a source of funding,” said Lawi.
In 1999, the Greenpeace national offices in Denmark, Sweden, Finland and Norway united to form one regional entity: Greenpeace Nordic. Holding governments and businesses to account means that the organisation has to remain truly financially independent and therefore Greenpeace does not accept corporate or government funding.
They are also closely watching developments in generative AI services — so concerns raised in the letter look broadly aligned with issues already on the radar of the bloc’s data protection authorities. Mass data scraping of personal information can constitute a reportable data breach in many jurisdictions.”
The round brings the startup’s total raised since being founded back in 2018 to €14M. Its biggest markets are its home market of Sweden and the UK so far but it told us it expects traction to pick up in Germany and Norway later this year. ” “We believe that everything you do more than once should be automated. .
Vinted raises $303M for its 2nd-hand clothes marketplace, used by 45M and now valued at $4.5B. “Essentially our core business is we enable consumers to get paid for their old items and in the process we give a new life to their items — and this increases supply in the secondary market at least,” he says.
Um, there is a #$@% 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. The company raised $275 million in a Series D round back in September 2019.
Swedish digital health startup Kry , which offers a telehealth service (and software tools) to connect clinicians with patients for remote consultations, last raised just before the pandemic hit in Western Europe, netting a €140M Series C in January 2020. In short, Kry is agnostic about how it helps deliver healthcare. Accel leads $22.8M
Tesla sales also fell in France, Sweden, and Norway last month. The only real business that Tesla has now is its EV business, and with more competitors in the space, its not doing well. The only real business that Tesla has now is its EV business, and with more competitors in the space, its not doing well.
That said, Norway’s VC community has been somewhat dormant for a while. High-profile players like Northzone and Creandum did well with early entries into Spotify and Klarna, among others, and now Norway is catching up with the rest of the European hubs. In Norway, sustainability-focused companies. More than 50%?
Norway abandoned its contact-tracing app on Monday after it reached just 10 percent adoption.) Employees of Apple , Google , and Microsoft raised millions of dollars for the Black Lives Matter Foundation thinking it’s the international racial justice movement seeking to end police brutality.
Here’s the latest: Norway’s foreign minister says tariffs hurt NATO allies Norway’s Foreign Minister Espen Barth Eide said the new U.S. Eide told NRK that he will raise the tariff war with U.S. Starmer told business leaders gathered in 10 Downing St. Asian markets fell in Thursday trading and U.S.
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