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Economies of scale are an essential cornerstone for on-demand companies, and to that end one of the hopefuls in the space has raised a big round to grow its business. billion ($8.4 “All of our business units are growing,” founder and CEO Markus Villig said in an interview this week. ”
Rendin , an Estonian proptech startup that wants to improve the home rental experience, including offering a no-deposit feature, has raised €1.2 million in seed funding. “We launched publicly in Estonia on March 10th, 2020, two days before the country went into pandemic lockdown,” Rendin co-founder Alain Aun tells me.
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. What they want is a home away from home” Cosi raises €20M for its ‘full-stack’ approach to short-term rentals.
Woola opened a production facility in Estonia and launched its first product in December 2020. They’ve now a raised €2.5 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.,
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.
Identity verification (IDV) provider Veriff , has raised a $100 million Series C round co-led by Tiger Global and Alkeon. 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
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. ” Katana, an ERP for SMB manufacturers, raises $34M by Paul Sawers originally published on TechCrunch. Shopify and WooCommerce), accounting (e.g.,
Planet42 , a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $100 million in equity and debt from a wide range of investors. Planet42 also received $10 million in debt funding from private investors. It became carbon-neutral certified in 2021.
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.
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.
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.
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.
Woola (Estonia), Papkot (France), Biotic (Israel), FunCell (France) and Traceless (Germany). It’s now raised a £3 million seed round led by Ecovative Design LLC with participation by Dale Vince, founder of Ecotricity (a green energy company in the U.K.); Just take a look: Circleback (Germany), Recup (Germany), Sourceful (U.K.),
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.
Agrivi has raised $7.3 Now Estonia-based eAgronom , another FMS startup, has closed a $7.4 EAgronom is also the recipient of a $600,000 EU grant, and had previously raised $12 million in backing from investors. million, Granular $24.9 million and FarmLogs $37 million. So there’s clearly plenty of scope for 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.
The latest round brings the company’s total fundingraised to $100 million. “We We managed to go a long time without raising more funding,” Zeiler told TechCrunch. “We We saw an opportunity and raised the round.”. Clarifai raises $30M to give developers visual search capabilities.
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. .
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
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. Launching out of stealth initially in the U.K. launch plans back in 2020.
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.
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.
Facetime : While Mark Zuckerberg is promising better metaverse avatars, Estonia-based Ready Player Me is delivering. Andreessen Horowitz led the company’s recent $56 million raise into the company that is building dynamic, animated game avatars for virtual worlds, Ingrid writes. The company raised $9 million. See you there!
All this is happening in the midst of Series A raises, hiring and firing employees, acquisitions, and deciding whether to bridge or shut down the business. 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.
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. Since then, it has grown to over 100 cities, facilitated over 10 million rides, and raised cash at an unprecedented pace. But the pandemic has taken a serious toll on the company.
” And to help take things to the next level, the London-based company today announced that it has raised $3.5 Spain, France, Germany and Estonia. million from a slew of institutional and angel investors. ” Papaya is already live in five markets, including 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.
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.
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.
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
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.
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