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Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. Central and Eastern Europe have had less venture capital at their disposal than their GDP or population could warrant. But with new funds lured in by their startups’ talent pool, global mindset, and capital efficiency, this could be starting to change.
Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund, where he works with portfolio companies to help address priorities, with a focus on internationalization. Europe is home 49 of the surveyed companies, six are based in the U.S., Rhys Spence. Contributor. Share on Twitter. and three in Asia.
As we get into our dive into Q3 2021 venture capital numbers, one region in particular has our attention: Europe. While venture capital gains in markets like India, Latin America and the larger African startup ecosystem have proved impressive, Europe has posted strong results of its own. Let’s talk Europe!
Europe, long viewed as a relative backwater to the U.S. startup market, has been on a tear in recent quarters and years. Akin to many startup markets around the world, Europe has seen its venture capital totals rise, its unicorn ranks swell, and even a few major public exits. Let’s rock. Good news for 2022 European exits.
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.
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. upr, Rohlik CEO and founder, told TechCrunch in an interview.
SumUp — the fintech that provides payments and related services to some 4 million small businesses in Europe, the Americas and Australia — has picked up some growth funding to navigate the choppy waters of the current fintech market, waters that have tipped and swayed SumUp itself.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., has raised $10 million in a funding round led by the South Korean gaming company Krafton. It also plans to unlock it for LinkedIn and Moj in India and TikTok for global markets over time.
The conversational commerce market is fairly substantial too, with China’s WeChat reportedly facilitating $250 billion in transactions in 2020 alone. million seed round of funding it raised last year. Conversational commerce comes to Europe. And longer term, it sees itself extending to markets elsewhere.
Perhaps an exception to this oft-repeated phrase, in my experience, is Entrepreneur First out of London/Europe (but now also in Asia), and even then that entity is slightly closer to a pre-accelerator in the way it assembles talent before it assembles the startups (although it does also fund its startups).
The United States and China have long been ahead of the pack when it comes to robotics funding. However, data from 2022 is showing that these innovation hubs may have some serious competition as the investment landscape in Europe is starting to outstrip robotics’ biggest players. In 2022, nearly $8.5 China and the U.S.
Fintech startup and alternative credit asset manager Viola Credit has closed its latest $700 million fund, which provides asset-based lending capital to fintech, proptech and insurtech startups. Another example is Market Finance, a tech-enabled SME lender in the U.K., Western Europe, U.K., Australia and New Zealand.
SoftBank Vision Fund 2 is leading the round, which proves that the Vision Fund team is still focused on high-risk, high-potential bets. As a reminder, SoftBank has invested in many late-stage funding rounds through its Vision Fund team. the company has been expanding rapidly across Europe.
Parsing the latest data on the startup fundraising market in Q2, TechCrunch has explored the global perspective , taken a closer look at fintech , asked how much dry powder VCs have and brought the latest from unicorn land. But Europe is not doing the best — that honor may belong to Africa. But we are not yet done.
The European Commission has approved a new round of technology-related public funding, providing €8.1 billion) for microelectronics and communication projects conceived to bring innovation and advanced tech to the European market. billion (roughly $8.7 Read Entire Article
The Indian hyperlocal delivery startup Dunzo is in late-stage discussions to secure about $50 million in a new financing round, two sources familiar with the matter told TechCrunch, as the Bengaluru-headquartered startup scrambles for comfort in an otherwise funding winter for younger firms. It’s a dynamic that is playing out globally.
Paris-originated VC Breega wasn’t enormously well known in the VC world (it only closed its first fund in 2015) until, perhaps, it started attracting attention with its second €110 million seed fund, just under a year go. Breega’s aim is to finance at least 20 companies in total with the new fund.
We have been able to provide financial freedom through vehicle ownership for some of our customers who have finished the programme in different markets,” said Ladi Delano , co-founder and co-CEO, when asked how many drivers have managed to gain ownership of cars since using the platform. “So It is a problem faced across many emerging markets.
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.
By Emily Friedrichs of Elevation – a digital agency that s pecializes in Google Ad Grant management and exclusively serves nonprofit’s digital marketing and design needs. Elevation has been a nonprofit partner since 2007 and currently supports more than 200 different organizations in Europe and the Americas.
that creates digital banks in emerging markets, confirmed to TechCrunch today that it has raised $7.4 million in seed funding. Globally, hundreds have sprung forth the past few years to challenge incumbents in their respective markets. In November 2021, Fintech Farm launched in its first market, Azerbaijan.
The acquisition gives GoStudent a substantial offline presence, a ready-made market for its online offering and the ability to cater to families that prefer their children participate in group or real-world, centre-based classes. Earlier this year GoStudent raised a $340 million Series D funding round to push into international markets.
Since then, the fintech has enabled over six products for various businesses, from banks and mobile network operators to e-commerce platforms and fintech players across three markets: Tanzania, Kenya and Uganda. If you think of a market, like the U.S., So far, over 1.2 Banking-as-a-service startup Unit closes on $100M at a $1.2B
The proptech marketing platform is announcing that it has raised $4.5 million in pre-Series A funding. Flow intends to use the funding to include other social media platforms such as TikTok and LinkedIn and other advertising channels like digital out-of-home billboards.
Retail Rocket , a retention management platform for brands, today announced that it raised $24 million in a Series A round led by Cyprus-based private equity fund Flintera. “The digital marketing world is growing very fast and the demand for highly-skilled professionals is constantly increasing,” CEO Khlebinsky said.
In Japan, where the real estate market is fragmented, homeowners have faced uncertain selling prices riddled with brokerage fees and an average selling period of between four and eight months, Ito said. “The difference is that we purchase from the seller at a discount from the market price. . and the U.K., While the U.S.
Showing investors are keen on the idea, Haltian recently closed a €22 million (~$24 million) funding round led by Mandatum Asset Management Growth Equity with participation from Varma, Tesi, Ventic and Inventure. Bringing the company’s total funding to date to €40 million (~$43.7
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. The likes of Sweden , Denmark , and the U.K. Spain, France, Germany and Estonia.
Wolt , the Helsinki-based online ordering and delivery company that initially focused on restaurants but has since expanded to other verticals, has raised $530 million in new funding. Previous backers 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage Investment Partners also followed on.
While there’s no disputing SV’s place and continued prominence in the startup world, today’s early-stage founders have more geographic freedom and funding options than ever before. We invited Crane to share his expertise in a session called “How to Raise Outside of the Silicon Valley Bubble in a Down Market.”
Today, the company announced over $5 million in a seed round to speed up the growth and development of its plant-based food products pipeline, of which its Shrimpish and Shrimpish Crumbles are currently in the market. The plant-based seafood market is growing as more startups come online with products and venture capital.
French startup ManoMano has raised a Series F funding round of $355 million led by Dragoneer Investment Group. Following today’s funding round, the company has reached a valuation of $2.6 Following today’s funding round, the company has reached a valuation of $2.6 Recommendations and advice will be key to gain market shares.
Ashkenazi Otmazgin expects these products to hit the market in 2023. She also claims the market potential for functional ingredients is huge, about $22 billion per year. The investment boosts the company’s total funding to just over $4 million. Is cell-cultured meat ready for prime time?
Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund, where he works with portfolio companies to help address priorities, with a focus on internationalization. Last week was a good one for edtech in Europe. has more than three times as many deals as the next individual market.
The growth plan comes against the backdrop of $1 million seed funding it has raised in round led by GIIG Africa Fund, with participation from Japanese-based Samurai VC, a family office, and existing investors. This brings total amount raised by the startup, which received its pre-seed funding last year, to $1.3
However, in Europe the problem has always been particularly acute. The US one of the few markets where you can achieve decent scale, as well has have the potential to exit either trough a sale to one of the global tech platforms, or to the public markets. Not that many and not nearly enough.
Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. Deep tech has become a hot topic in Europe, with hopes that the region can have an edge over the rest of the world for innovation rooted in fundamental research. . That deep tech raises high hopes in Europe wasn’t exactly a surprise.
Those specific investments were from Playfair’s inaugural fund which wasn’t focused on any particular “stage” of company. “I’d say probably half the funding in our portfolio is pre-product, pre-traction,” Playfair managing partner Chris Smith explained to TechCrunch.
There’s been talk of a slowdown in venture funding recently, with TechCrunch looking at it from different angles, including the fintech sector, a PitchBook report and even earlier on how startups should prepare in case it happens. We saw an average of 32% re: % of capital called in a fund’s first full calendar year.
Rhys Spence Contributor Share on Twitter Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund. Despite these cuts, which have been always slower to implement than communicate, inflation has been rampant across Europe and beyond, partially due to supply chain issues linked to the situation in Ukraine.
It’s crunch time in the world of instant grocery delivery, with the latest turn representing a big blow specifically in Europe. We have contacted Gorillas for comment on this, and a spokesperson said it declined to comment on market speculation.
Amira Learning For empowering students to read more fluently As AI-powered tutors have flooded the market, Amira Learning has drawn special attention for its success in using the technology to help young students become better readers. Through AI simulations, users can practice real-world communication and work on their leadership skills.
AMP Robotics , a Denver, Colorado-based startup creating robotic systems that can automatically sort recyclable material, today announced that it extended its Series C round to $99 million, thanks to an investment from Microsoft’s Climate Innovation Fund. That’s up from $91 million when the round closed in November.
Venture capital (VC) firm Lifeline Ventures today announced a fresh €150 million ($163 million) fund aimed at early-stage startups across Finland. With its new fund, the company says it will look to make investments ranging from anywhere between €150,000 and €2 million. billion for a majority stake in 2016. . when invited to do so.
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