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More venture funds are betting on Central and Eastern Europe

TechCrunch

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.

Europe 97
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What we can learn from edtech startups’ expansion efforts in Europe

TechCrunch

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.

Europe 143
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Why Techstars is doubling down on Europe

TechCrunch

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 109
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5 things you may have missed in Atomico’s 2021 Europe report

TechCrunch

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.

Europe 106
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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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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. upr, Rohlik CEO and founder, told TechCrunch in an interview.

Europe 131
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SumUp taps €285M more in growth funding to weather the fintech storm

TechCrunch

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.

Fund 118