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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.
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. 10 proptech investors see better era for residential and retail after pandemic.
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. It wants to become the only tech partner you need to run a small and medium e-commerce shop.
Slowly but surely, however, we have a quietly emerging ‘ecosystem’ (as it is often called in tech lingo). So is the Dutch tech startup story sold short? But hedonistic pleasures aside, The Netherlands actually has a great foundation for tech entrepreneurship. Not in my view. A top-notch infrastructure.
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. traffic.
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.
And the French government is taking advantage of this opportunity to make some progress on the tech startup policy front. In an interview with TechCrunch, France’s digital minister Cédric O shared some news for the European tech ecosystem. New financial incentive to create 10 to 20 large VC funds.
Started as a side project by its founders, Warren is now helping regional cloud infrastructure service providers compete against Amazon, Microsoft, IBM, Google and other tech giants. 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.
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.
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.
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. Which sectors is your tech ecosystem strong in? What are the tech investors like in Wroclaw?
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.
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.
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. “Manufacturers already have a tech stack of tools like e-commerce platforms, shipping tools, and accounting software,” Vilosius continued.
Facetime : While Mark Zuckerberg is promising better metaverse avatars, Estonia-based Ready Player Me is delivering. Xiaolang Zhang pleaded guilty this week to stealing confidential driving information from the tech giant and then going to work for an electric vehicle company. Big Tech Inc. See you there! Christine and Haje.
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. For example, instead of listing tech entrepreneurship as your area of expertise, narrow it to something like entrepreneurship focused on developing machine learning software for the healthcare industry.
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.
The package of support looks substantial — covering key areas like tax breaks for investors, talent incentives like stock options and a new digital nomad visa to attract international tech workers, among other measures aimed at cutting red tape and shrinking the time and cost of starting up in Spain.
Twitter is being evicted from its Boulder office Court documents show that Twitter owes three months’ rent to its Boulder landlord, and a judge has signed off on evicting the tech giant from that office. The app even appears to have deleted its web page explaining the “government-funded media” labels.
Atlantic Canada had four major tech acquisitions in a five-month period. About 100 companies are created every year in fields as diverse as life sciences, cleantech and ocean tech. Sandy Bird is one of the protagonists of the Atlantic Canada tech-driven economic revival. million USD) through its Atlantic Innovation Fund (AIF).
Lisbon’s startup scene rises as Portugal gears up to be a European tech tiger. The letter welcomes the EU’s Startup Nations Standard, in particular its specific recommendations to Member States on “changes to stock options rules designed to help startups attract talent, speed up tech visas targeting and procurement.”.
A source tells us Founders Fund is also investing. Such decisions must not be delegated to unelected tech leaders. ChatGPT is a general-purpose chatbot that uses artificial intelligence to generate text after a user enters a prompt, developed by tech startup OpenAI. Should we risk loss of control of our civilization?
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