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Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app

TechCrunch

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. “We started off in Eastern Europe and Africa because those markets had a bigger need. . billion ($8.4 billion).

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Woola raises €2.5M seed led by Future Ventures to replace bubble wrap with wool

TechCrunch

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. They’ve now a raised €2.5 It’s now expanding to the U.K., France and Germany. The next product rolling out in January 2022 is targeted at beverage companies.

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Montonio is building the payment and checkout solution to rule them all

TechCrunch

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.

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Katana, an ERP for SMB manufacturers, raises $34M

TechCrunch

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.

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South African car subscription service Planet42 raises $100M equity, debt

TechCrunch

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. For Planet42, it uses proprietary scoring algorithms to assess risk in underbanked customer segments. TLcom and 4DX drive $13.1M

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Identity verification provider Veriff raises $100M Series C co-led by Tiger Global and Alkeon

TechCrunch

Identity verification (IDV) provider Veriff , has raised a $100 million Series C round co-led by Tiger Global and Alkeon. The new financing will be used for growing the workforce, R&D, sales and marketing. The Estonia-based startup’s “special sauce” is using AI-powered video to verify identifies.

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IFC backs Bolt with $24M to expand its transportation network in emerging markets

TechCrunch

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

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