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MAGIC Fund raises $30M to scale its global founders-backing-founders fund

TechCrunch

However , some venture firms have taken this up a notch by bringing founders to create a fund and invest together. Since the firm’s first fund launched in 2017, MAGIC has invested in 70 companies at pre-seed and seed stages across these emerging markets. MAGIC Fund has 12 founders who act as general partners.

Fund 130
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Oxbotica raises $47M to deploy its autonomous vehicle software in industrial applications

TechCrunch

While the world continues to await the arrival of safe, reliable and cost-effective self-driving cars, one of the pioneers in the world of autonomous vehicle software has raised some substantial funding to double down on what it sees as a more immediate opportunity: providing technology to industrial companies to build off-road applications.

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Czech on-demand grocery delivery startup Rohlik bags $230M to expand across Europe

TechCrunch

It plans to use the funding to expand its footprint across metropolitan areas in its existing three markets — the Czech Republic, Hungary and Austria — as well as to break into Germany, Poland, Romania and other countries in the near future. We understand from sources it is around $600 million. For example, Ocado here in the U.K.,

Europe 131
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Sustainability catches the eye of Kompas’ shiny new, green-tinted glasses fund

TechCrunch

The firm has an Amsterdam, Copenhagen and Tel Aviv presence, and now has a $160 million sack of funds to deploy across its focus areas: sustainability and technological innovation in the construction, real estate and manufacturing industries. Sebastian Peck and Talia Rafaeli are heading up the new sustainability fund for Kompas.

Green 99
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What the demise of Superpedestrian means for the e-scooter industry

TechCrunch

At an all-hands meeting just before Thanksgiving, Superpedestrian’s CEO Assaf Biderman told staff the electric scooter company was gearing up for fresh funding and a merger. A handful of people lost their jobs, including some executives in Europe. The […] © 2023 TechCrunch. All rights reserved. For personal use only.

Industry 111
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Meet Neo Beta: Your new, slightly creepy humanoid robot home assistant

TechSpot

Robotics company 1X Technologies (1XT) made headlines earlier this year after securing over $100 million in backing from OpenAI and EQT Ventures, Europe's most prominent technology startup-based capital fund. The support helped to put the Norwegian firm and its latest robot creation, Neo, in a position to compete with industry.

Headline 133
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Europe could be on the cusp of a golden era in robotics. Here’s why

TechCrunch

His focus is early-stage technology investments, particularly in HR tech, robotics, and healthcare industries. The United States and China have long been ahead of the pack when it comes to robotics funding. and China between 2021 and 2022, Europe has seen a far more modest decline, only dropping 5% in the same period.

Europe 86