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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.
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
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.
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. Revenue is also said to have grown by 80% in 2020, with the company putting a lot of marketing toward claims behind being more hygienic than many hotels.
Founded in Estonia and now headquartered in New York, the company has taken a majority investment from U.S. When we entered the market in 2010, people asked us, ‘Why build a product in an area where Salesforce is already strong?’ “Pipedrive is now Europe and Estonia’s newest SaaS unicorn,” says Zennström.
Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. But with new funds lured in by their startups’ talent pool, global mindset, and capital efficiency, this could be starting to change. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday?
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. AWS remains in firm control of the cloud infrastructure market. It recently closed a $1.4 It recently closed a $1.4
Woola opened a production facility in Estonia and launched its first product in December 2020. Wool envelopes were the first products to hit the market. Woola’s previous investors include the co-founders of Pipedrive, Bolt and the angel fund Lemonade Stand. It’s now expanding to the U.K., France and Germany.
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. .
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 new financing will be used for growing the workforce, R&D, sales and marketing.
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.
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.
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. Lightyear , a U.K. fintech startup that promises consumers commission-free trading on U.S. launch plans back in 2020.
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.
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.
He then started Social West , a Calgary-based digital marketing conference that, before long, expanded to three cities. 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. venture capital.
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. “As manufacturing moves closer to the ever-increasingly conscious consumer, brands that rely on local production and inventory are gaining market share.
January 2020 seems like a long time ago: Billie Eilish swept the Grammy Awards, Tesla’s market cap made it America’s most valuable car company, and Visa announced plans to purchase Plaid for $5.3 Smart growth tactics can put account-based marketing within reach for startups and SMBs.
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.
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.
Internal combustion engines still rule the roost when it comes to powering automobiles, but there are signs that they’re trundling into oblivion, at least in some markets. ” Papaya is already live in five markets, including the U.K. Spain, France, Germany and Estonia. The likes of Sweden , Denmark , and the U.K.
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. That would be the plan.”
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. In the same way your firm might offer marketing or PR services to portfolio companies, coaching should be part of the package. The full package.
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.
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 In the early days of the company, the market was immature, so Clarifai started selling to small businesses and individuals.
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. For Planet42, it uses proprietary scoring algorithms to assess risk in underbanked customer segments.
Major brands are experimenting with it, using the AI to generate ad and marketing copy, for example. A source tells us Founders Fund is also investing. ” They’re all chasing after a customer service software market that’ll be worth $58.1 And OpenAI is heavily investing in it.
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