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5 reasons why Germany is the best country for startups

The Next Web

Germany has been a startup ecosystem on the rise for quite some time now. EY reported that Germany’s top 100 startups received a total of $11.1 billion in funding in 2019, a significant increase from the $6.3 It’s produced a number of global success stories including SoundCloud, Zalando, Flixbus, and HelloFresh.

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Autonomous electric truck company Einride rides into Germany

TechCrunch

Autonomous and electric truck maker Einride is rolling into Germany, representing its first new market in Europe outside its native Sweden. Founded out of Stockholm in 2016, Einride has raised some $150 million in funding to commercialize a cab-less autonomous cargo truck, one that can be controlled remotely, if required, by human operators.

Germany 96
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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. All rights reserved. For personal use only.

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Furniture rental company Pabio expands to Germany

TechCrunch

Today it announced it expanded into Germany and raised a drawer-full of cash to expand its marketing and to reach into additional European countries. million round, which includes Serpentine Ventures, Session.VC , Tomahawk.VC , Pioneer Fund, and DD Venture Capital. Previously, Pabio raised a $1 million pre-seed round.

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TikTok is shutting down its Creator Fund in favor of its newer Creativity Program

TechCrunch

TikTok has announced that it’s shutting down its original $1 billion Creator Fund and shifting the focus to its newer Creativity Program. Starting December 16, the Creator Fund will be discontinued in the United States, United Kingdom, France and Germany.

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Real-time soil-testing agtech startup Stenon raises $20M Series A funding round

TechCrunch

Stenon , an agtech company that has a real-time soil-sensing solution, has raised a $20 million Series A funding round from Founders Fund, David Friedberg’s The Production Board and existing investors including Cherry Ventures and Atlantic Labs. The Stenon technology is patented, certified and live in 20 countries.

Fund 92
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Cledara, the SaaS purchase and management platform, raises $3.4M funding

TechCrunch

million in additional funding. Cledara picks up pre-seed funding to help companies manage their SaaS spending. France, Ireland, Germany and Spain. This round brings us the funding to do that, and more”. The round is led by Nauta Capital, with participation from existing investor Anthemis. Image Credits: Cledara.

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