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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!
As it’s the last day of the first quarter, we’re too antsy to wait any longer to see what’s been going on in Europe. To that end, let’s look at all of Europe and then consider the three largest venture markets in the region: the U.K., The Exchange explores startups, markets and money. Let’s talk Europe.
German fintech startup Vivid Money has raised a $17.6 Today’s funding round gives Vivid Money a valuation of $117 million (€100 million). Vivid Money is quite a young startup, as the company started accepting customers just a few months ago. Vivid Money users can also send money to other users from the app.
In the midst of a major second wave of coronavirus infections across Europe, an Estonian startup that’s building an on-demand network to move food and people around in cars, on scooters and ( most recently ) on bikes across developed and emerging markets in EMEA is announcing a major round of funding. billion ($4.3
Nonprofits would be wise to get serious about learning how to use Facebook’s Fundraising Tools to raisemoney on the world’s largest social network while organic reach is still high! 4) Facebook’s Fundraising Tools are currently available to nonprofits in the United States and numerous countries in Europe.
Gorillas, the on-demand grocery delivery startup taking Berlin by storm, has raised $44M Series A. Founded in 2014, Rohlik’s funding comes at an interesting and key moment in the online grocery business, in Europe and beyond. which is listed here but is run like a startup) raised more than $1 billion. raised $20 million.
Fintech startup Atlantic Money is rolling out its international money transfer service to more markets and more platforms. Users can convert EUR through Atlantic Money and send money to a foreign bank account. Users can convert EUR through Atlantic Money and send money to a foreign bank account.
V2Food is one of many new contenders in the alternative protein space, founded in Australia but now setting its sights on Europe, Asia and beyond. The money is going toward both R&D and scaling. Planted raises another $21M to expand its growing plant-based meat empire (and add schnitzel).
Europe, long viewed as a relative backwater to the U.S. 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. This morning, TechCrunch reported that Flink raised $750 million. The Exchange explores startups, markets and money.
Lydia first raised $45 million in January 2020 — Tencent led that investment. The startup is now raising another $86 million, which means that Lydia has raised $131 million in total as part of its Series B round. Mobile payment app Lydia raises $45 million round led by Tencent. It seems like Jhawar agrees with that take.
Payments company Checkout.com is raising once again. But Checkout.com kept growing and growing until it raised one of the biggest Series A rounds ever for a European company — $230 million at a $2 billion valuation. While Checkout.com didn’t actually need to raise to stay alive, Pousaz says VC firms are a form of validation.
Too Good To Go , the startup that lets you buy food right before it goes to waste, is raising a $31.1 While the company has been around for a while, this is the first time Too Good To Go is raisingmoney from a VC firm. Just like in Europe, billions of pounds of food go to waste. million round.
— with a strategy of acquiring and scaling high performing Amazon businesses — has raised $65 million in funding round. In most cases, the startups end up spending too much money to convince customers to buy their product. Perch raises $123.5M to grow its stable of D2C brands that sell on Amazon.
If Facebook extended their fundraising tools to WhatsApp (owned by Facebook) and Facebook Messenger, messaging apps would likely become much more powerful in their ability to raisemoney for charitable organizations. Individuals that give money are also willing to give their time. View: Giving Trends in Europe Data Sheet.
Moove , an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $105 million in new Series A2 financing. Moove is targeting seven new markets across Asia, MENA and Europe over the next six months. “As that same year.
Meet Atlantic Money , a foreign exchange startup that plans to be cheaper than other foreign exchange services. And yet, Atlantic Money thinks that even Wise and Revolut are too expensive. How much will you pay for international money transfers on Atlantic Money? And this is key to Atlantic Money’s business model.
French startup ManoMano has raised a Series F funding round of $355 million led by Dragoneer Investment Group. We operate in Europe and we are the industry leader in online sales,” co-founder and co-CEO Philippe de Chanville told me. The company operates an e-commerce platform focused on DIY, home improvement and gardening products.
“We realized quickly that we needed to meet the needs of our customers to manage not only travel spend, but all employee spend of company money,” Cohen told TechCrunch. “We That pivot has proven to be a smart move for the company, which today announced it has raised $275 million in a Series F “growth” funding round at a $7.25
Fintech startup Yapily has raised a $51 million Series B funding round led by Sapphire Ventures. Due to recent regulatory changes in Europe (PSD2), banks now have to offer official APIs to integrate with third-party services. According to Vaccino, only Tink has a similar level of coverage in Europe. In addition to the U.K.,
Open banking platforms, where services that might not have previously lived next to each other are now joined up by way of APIs, has been one of the emerging trends of the last couple of years, and today one of the leaders in the space out of Europe has closed a round of funding to expand its business. It has now raised €175 million in total.
Swobbee, a Berlin-based startup that’s working on commercializing battery swapping for micromobility vehicles, has raised a $6.5 million Series A led by new strategic investor EIT InnoEnergy, a major accelerator of sustainable energies in Europe that’s supported by the European Union. Our role model is Gogoro,” Duscha told TechCrunch.
-based Starling announced that is has closed £272 million ($376 million at current rates), at a pre-money valuation of £1.1 billion) post-money. Starling — which competes against incumbent banks, as well as other challengers like Monzo and Revolut — said it will be using the money to continue its growth.
and European stocks, is officially extending into Europe from today. To power the expansion, which will see Lightyear land in 19 new markets, including the Baltics and much of Western Europe, London-based Lightyear has also raised $25 million in a Seres A round of funding led by U.S. Lightyear , a U.K. Trading stocks.
Clear Street , which says it is building “modern infrastructure” for capital markets, has raised $270 million in the second tranche of a Series B funding round at a $2 billion valuation. New York-based Clear Street raised the first tranche of the round in May of 2022 at a $1.7 billion valuation. billion valuation.
Ayoken, an NFT marketplace for creatives, has raised $1.4 MARA raises $23M from Coinbase Ventures and FTX to build Africa’s portal to the crypto economy. million pre-seed funding to enable users grow their revenue streams through digital collectibles.
a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. Solarisbank raises $224M at a $1.65B valuation to acquire Contis, expand API-based embedded banking tech in Europe. Productfy Inc. , billion valuation.
Swytch Technology , a startup that builds e-bike conversion kits, isn’t targeting your average cyclist in the United States or Europe, however. Instead, Swytch uses the money from deposits to fund production on an almost a la carte basis. Instead, the U.K.-based To date, Swytch has shipped over 70,000 kits globally.
In May of last year, Covariant announced that it had raised a $40 million Series B. It was a healthy sum of money for the young company, bringing its total funding up to $67 million. ” Industrial AI startup Covariant raises a $40M Series B. Image Credits: Covariant.
Zephr has raised $8 million in a new funding round led by Bertelsmann Digital Media Investments (owned by media giant Bertelsmann). The London-headquarted startup’s customers already include publishers like McClatchy, News Corp Australia, Dennis Publishing and PEI Media. Previous investors include Knight Capital and Nauta Capital.
As Ravikant puts it, “founders want to know that the people they are taking money from have first-hand experience.” . Fund of micro funds but more than money. “It was like every time we think about it, everyone who gave the most money rarely had time for us. Some MAGIC portfolio companies. Here’s a scenario.
With its Series C round , the company raised $450 million at a $15 billion valuation — it represents a 167% valuation jump in 12 months, which is not too bad. Checkout.com customers can send money to a bank account. Why did Checkout.com raise so much money? That’s a stark increase compared to last year’s valuation.
Amsterdam-based startup VanMoof has raised a $128 million Series C funding round. Some existing investors also put some more money on the table, such as Norwest Venture Partners, Felix Capital, Balderton Capital and TriplePoint Capital. Last year, VanMoof raised a $40 million Series B.
TripActions , a corporate travel and expenses company, has raised a combination of equity and debt at a post-money valuation of $9.2 TripActions didn’t comment on any public listing plans, but its not unique to see a company raise ahead of a financial event of that scale. Oh look, TripActions raised at a $9.2B
The funding gives Mambu a post-money valuation of €1.7 CEO and co-founder Eugene Danilkis said it will be using the money to expand deeper in the 50 markets where it is already active, as well as focus more on specific regions like South America and Asia. ” story, it’s one of the many tech companies with its U.S.
The startup has raised €70 million ($77 million at today’s rates), at what I understand from a person close to the company to be a $2 billion post-money valuation. From what I understand, it is already raising its Series E, which is expected to close in May of this year at an even higher valuation. Augustinus Fabrikker.
The company’s numbers are small compared to other layoffs that have taken place within Africa’s tech ecosystem over the past few months, especially among startups that have raised vast sums of venture capital within the last year or two; for instance, Swvl laid off 400; Wave , approximately 300; 54gene , 95; and Vezeeta , 50.
Challenger banks continue to make significant advances in attracting customers away from the big incumbents by providing more modern, user-friendly tools to manage their money. Kuda currently provides services for consumers to save and spend money, and it has recently introduced overdrafts (essentially revolving credit for individuals).
Ardoq is based out of Oslo and about 30% of its enterprise client base is in the Nordics; the rest is spread between Europe and the U.S. This is a significant round for Ardoq, which had up to now raised less than $40 million since being founded in 2013. The full list includes the likes of Carlsberg, Condé Nast and the U.S.
CEO Kirill Suslov tells TechCrunch that the TabTrader app has more than 400,000 active users, with particularly strong presences in Europe and Asia. Alongside these rebates, TabTrader also makes money through a $12 monthly subscription for a paid version, as well as advertising. “ We raised to get onto this rocket ship.”
It has raised a $6.2 You can manage all of your orders and one wallet to get paid and withdraw your money easily.”. In a statement, ANKA said these buyers come from 174 countries, the majority based in Europe and North America. We actually want to help them earn money globally and create value on the global stage.
In the latest development, Grey , a fintech in this category that provides virtual international bank accounts to African freelancers and remote workers, is announcing that it has raised $2 million in seed funding. Last year, the startup raised an undisclosed pre-seed investment and got accepted into YC’s winter batch this March.
Rapyd — which provides a range of financial services like payments, mobile wallets, money transfers, card issuing, fraud protection and more, all by way of an API for third parties to integrate quickly into their own services — has raised $300 million, a Series E that TechCrunch understands from reliable sources values the company at $8.75
The two entrepreneurs — friends since their first day as Wharton undergraduates — for years closely followed the adoption of open banking and bank account-based payments in Europe. Valar led a $20 million Series A funding round in Link while Tiger led a $10 million seed round; to date, Link has raised $30 million.
Today it announced financing totalling €750 million (around $895 million at today’s rates), money that it will be using to continue expanding its business — specifically, for acquisitions; to launch in new markets in Europe, Latin America and Asia; and to build out the suite of services that it provides to businesses.
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