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I bet you didn’t know that Estonia has the third highest amount of startups per capita than any other country in the world. And the country isn’t just dominating in terms of quantity, in 2017 it also brought in more venture capital funding per capita than major tech hubs like Germany, France and Spain.
It will be using the funds to continue expanding to new geographies and to bring more consumers and partners to its “super app”; and newer business lines, such as its 15-minute grocery delivery option Bolt Market, will be building out ‘dark stores’ in more cities to expand the service beyond the 10 where its active today.
Meet Montonio , an e-commerce checkout solution created by a small startup based in Tallinn, Estonia. The company just raised a $12 million Series A funding round (€11 million) led by Index Ventures. Montonio currently supports all major banks in Estonia, Latvia, Lithuania and a few major banks in Finland.
million in seed funding. Launched in Estonia in March this year and currently expanding to Poland, Rendin operates a long-term rental platform that promises to smooth out the process between landlords and tenants. “It really looked like the world was going to fall apart and a lot of the risks in home renting skyrocketed.
It’s hard to get the exact data on how many startup acceleration programs are being launched every year, but it’s definitely a lot. If you search Google News for something like “new startup accelerator,” it will return hundreds of headlines from all over the world.
Eneba , a marketplace for gamers that sells games and other products, has raised an $8 million round of funding from Practica Capital and InReach Ventures. The funding is described as a “combination” of a seed and Series A round.
Bob W , the self-described “tech-driven” hospitality provider that offers an alternative to traditional hotels and short-stay rentals, is disclosing €10 million in seed funding. Leading the round, which included a first tranche of €4 million last year, is byFounders VC and private equity firm Finnish Industry Investment (Tesi).
Founded in Estonia and now headquartered in New York, the company has taken a majority investment from U.S. “Pipedrive is now Europe and Estonia’s newest SaaS unicorn,” says Zennström. Pipedrive , the sales CRM tool for small and medium-sized businesses, is the latest European company to reach unicorn status.
Outvio , an Estonian startup that provides a white-label SaaS fulfillment solution for medium-sized and large online retailers in Spain and Estonia, has closed a $3 million early-stage financing round led by Change Ventures. This is the startup’s first institutional round of funding after bootstrapping since 2018.
But with new funds lured in by their startups’ talent pool, global mindset, and capital efficiency, this could be starting to change. Want it in your inbox every Saturday? Sign up here. Central and Eastern Europe have had less venture capital at their disposal than their GDP or population could warrant. Let’s explore.
Woola opened a production facility in Estonia and launched its first product in December 2020. Woola’s previous investors include the co-founders of Pipedrive, Bolt and the angel fund Lemonade Stand. Wool envelopes were the first products to hit the market. It’s now expanding to the U.K., France and Germany.
Woola (Estonia), Papkot (France), Biotic (Israel), FunCell (France) and Traceless (Germany). The investment will be used to fund the opening of its first raw material production plant. Luckily there is no shortage of sustainable packaging startups in Europe. Just take a look: Circleback (Germany), Recup (Germany), Sourceful (U.K.),
Based in Tallinn, Estonia, Warren’s self-service distributed cloud platform is gaining traction in Southeast Asia, one of the world’s fastest-growing cloud service markets, and Europe. It recently closed a $1.4 million seed round led by Passion Capital, with plans to expand in South America, where it recently launched in Brazil.
They were joined by existing investors IVP and Accel, bringing Veriff’s total funding to date to $200 million. The new funding means the company is now valued at $1.5 The Estonia-based startup’s “special sauce” is using AI-powered video to verify identifies.
Estonia-based Membo — which is backed by Y Combinator and will be presenting at the incubator’s Summer 2021 Demo Day next week — is aiming to take a slice of the premium end of grocery shopping in Europe and a bite out of supermarket giants’ continued dominance of the traditional weekly food shop. .
To power the expansion, which will see Lightyear land in 19 new markets, including the Baltics and much of Western Europe, London-based Lightyear has also raised $25 million in a Seres A round of funding led by U.S. On top of that, users can invest in what are known as exchange traded funds ( ETF s), which are essentially investment funds.
The company — co-headquartered in New York and Tallinn, Estonia — has now raised more than $150 million overall, it said. As with the previous round, the funding will largely be going toward R&D. Insight and Wildcat are previous backers, including in Glia’s $78 million Series C round in January 2021.
We also want to enable European venture capital with European funds, European knowledge and European teams Cédric O. New financial incentive to create 10 to 20 large VC funds. Let’s start with late-stage funding. Our goal is to create 10 to 20 funds with more than €1 billion. More countries should join the list soon.
Atomized , an early-stage startup that wants to create a modern tool to help developers deploy infrastructure faster, announced the first step of its funding journey today, a $500,000 pre-seed round from Zing Capital, Y Combinator and several unnamed angels. 4 lessons I learned about getting into Y Combinator (after 13 applications).
Bolt , an Uber competitor that is building an international on-demand network of services to transport people, food and other items in cars, scooters and bikes across Europe and Africa, has picked up some strategic funding today to continue expanding its business in emerging markets. billion ). billion, based on a 1.5x multiple on GMV of €3.5
Today, one of the startups that’s built an interesting, very “hands-on” approach to addressing that problem is announcing a round of funding to expand its business. ” The company is likely also to use some of the funding for acquisitions in what appears to be a rapidly consolidating market.
VC firms have taken notice: notable investors in Atlantic Canadian startups include Breakthrough Energy Ventures , a fund supported by Bill Gates, Jeff Bezos and Richard Branson. Another federal government agency, the Atlantic Canada Opportunities Agency (ACOA), awards funding between CA$500,000 and CA$3 million (roughly $400,000 USD to $2.4
Katana , an enterprise resource planning (ERP) platform for small- and medium-sized manufacturers, has raised €35 million ($34 million) in a Series B round of funding. Shopify and WooCommerce), accounting (e.g., QuickBooks and Xero), shipping, forecasting, CRM, and more.
Now, in a spot of perfect timing, a startup out of Talinn, Estonia, called Ready Player Me — which has built a popular platform for creating dynamic, animated avatars to use across virtual worlds built and operated by others — is announcing $56 million in funding to grow its business.
Not Optional , a policy initiative funded by Index Ventures, has, this week, published an open letter signed by many of Europe’s leading investors, startup associations and entrepreneurs, including those who founded Stripe, Personio, Klarna, Wise, Trustpilot, UiPath and Alan. There are other groups that are enthusiastic but also concerned.
Facetime : While Mark Zuckerberg is promising better metaverse avatars, Estonia-based Ready Player Me is delivering. million in seed funding led by Thiel Capital to connect women to the hormonal phases of their menstrual cycle for physical and emotional gain. Then get your tickets and book your flights — it’s gonna be awesome.
VCs, when you choose to fund someone, you’re also marrying into their past, their family, their personal issues. You can fund your founders’ well-being in a variety of ways. My hope is that in the future, VCs will set aside a percentage of their funds exclusively for mental wellness for founders and executives. The full package.
Investors say Indian startup funding could get even hotter after record Q3. Global startup funding has soared this year, but a number of exits and large funding rounds are drawing new attention to India’s startup ecosystem. Investors say Indian startup funding could get even hotter after record Q3.
Spain, France, Germany and Estonia. . “Papaya will make it far easier for companies to source EVs, and manage them — this will accelerate the transition from combustion engine fleets to EV fleets.” ” Papaya is already live in five markets, including the U.K.
The deal will net Bird hundreds of millions of dollars in cash, which it can use to fund its operations as it continues to chase profitability. The company has since launched Bird Platform in countries like Switzerland and Estonia, cheering investors who hope it will lower Bird’s labor and capital expenses.
Y-Combinator- backed Localyze has nabbed $12 million in Series A funding led by Blossom Capital for a SaaS that supports staff relocations and hiring across borders. “With the funding, we want to accelerate our expansion in the UK, Ireland, Netherlands, Portugal & Spain, besides our core market Germany.
Dear Sophie, A few years ago, I moved my startup’s headquarters to New York from Estonia on an E-2 investor visa. Under your leadership, how much funding has your startup raised? Extra Crunch members receive access to weekly “Dear Sophie” columns; use promo code ALCORN to purchase a one- or two-year subscription for 50% off.
Hamburg-based Localyze is gearing up to launch in North America in the coming months — powered by a fresh raise of $35 million in Series B funding that’s being announced today, a little over a year after it disclosed a $12M Series A. The Series B is led by US VC fund, General Catalyst.
London and Berlin usually top the lists of European startup hubs, but Central and Eastern European countries like the Czech Republic, Estonia, Croatia and Poland have claimed a growing portion of the startup pie in the past few years. We have a couple of funds that are actively looking for innovative companies to invest in.
Now it’s picking up some funding along with an endorsement Europe to further its growth. The startup has received €50 million (just under $57 million at today’s rates) from the European Investment Bank, the funding arm of the European Union. The funding from the EIB ticks a couple of different boxes for the EU.
For example, the city of Amsterdam is currently tendering for a third ’tech’ university in the city together with an investment fund and IP attached. But I think its fair to say that the Dutch post-World War II welfare state isn’t exactly breeding the young and hungry entrepreneur you find in Turkey, Romania and Estonia.
Now Estonia-based eAgronom , another FMS startup, has closed a $7.4 Given that agriculture is one of the major sources of global emissions today, with this funding, eAgronom says it aims to create a farming-based carbon credits platform. Agrivi has raised $7.3 million, Granular $24.9 million and FarmLogs $37 million.
So this generated a lot of uncertainty for investment funds to come to Spain. When you have this legal certainty and a tax treatment that is reasonable, you want to have more VC funds than others coming to Spain and accelerate the investments that we need in Spain in order to close the gap with other European countries.
The latest round brings the company’s total funding raised to $100 million. “We We managed to go a long time without raising more funding,” Zeiler told TechCrunch. “We The Series C funding enables Clarifai to scale its global team of 100 employees with plans to double that by next year.
Planet42 also received $10 million in debt funding from private investors. So far, the Estonia-founded mobility startup that offers rent-to-buy car subscriptions has bought over 12,000 cars for its customers in South Africa and Mexico.
Twitter removes ‘government-funded’ news labels Twitter has removed “government-funded media” labels on all accounts, from NPR to the Chinese state-affiliated Xinhua News. The app even appears to have deleted its web page explaining the “government-funded media” labels.
A source tells us Founders Fund is also investing. April 28, 2023 ChatGPT parent company OpenAI closes $300M share sale at $27B-29B valuation VC firms including Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global are picking up new shares, according to documents seen by TechCrunch.
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