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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.
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.
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.
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.
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.
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.
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.
Denis Kalinin works at venture fund Runa Capital as Asia Business development manager, devoted to connecting the Western and Asian VC worlds and bringing long-term value to both. and 11 years in Germany. and 11 years in Germany. In which areas can Chinese funds bring the most value? funds, but three times that of U.K.
Pinned on Pinterest by the World Wildlife Fund – Germany. Posted on Facebook by the National Committee to Protect. Social Security & Medicare . Photos with Your Nonprofit’s Logo or Avatar. ”Oh, Wow” Photos. Pinned on Pinterest by WildAid. “Ah, Pretty” Photos. “Aw, Cute” Photos.
Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. Singapore, Vilnius (Lithuania), Munich (Germany), Newcastle (U.K.), Leading the round is MiddleGame Ventures and Ventura Capital, which are both existing investors in Railsbank.
“In this round, it was important for us to bring in strategic money — money is important, funding is important and this is our way to scale — but also, in this market, strategic partners are important. If I had to name two, it would be Japan and Germany. Image Credits: Classiq.
million (€3 million) funding round from a hundred business angels. Some of the most active angels on the platform include Roxanne Varza who created a community of female business angels, Pieter-Jan Bouten in the Belgian tech ecosystem, Christopher Zemina in the Germany/Austria region, Aircall co-founder Olivier Pailhes in Spain, Paul Lê, etc.
And the country isn’t just dominating in terms of quantity, in 2017 it also brought in more venture capital funding per capita than major tech hubs like Germany, France and Spain. I bet you didn’t know that Estonia has the third highest amount of startups per capita than any other country in the world.
Wefox , the German insurtech startup, has closed a new funding round from existing investors. The funding amount isn’t going to impress anyone as the company managed to secure $55 million. Many startups are struggling to raise funding rounds or have to lower their valuation. Wefox secures new funding at $4.5
VC funding into Europe (including the U.K.) But Europe isn’t the only place where VC funding didn’t decline. It is also worth noting that Europe accounts for a much larger portion of global funding than Africa. Germany: $2.9 was up in the first quarter of 2022, CB Insights and Crunchbase data show. France: $4.8
Now a new, but slightly different, German Private Equity fund hopes to solve at least part of the problem, and at least in Germany, which will be its main focus. This is an unusual use of PE funds, and puts FLEX into a slightly different category to the average PE outfit. The opportunity appears to be there.
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 It is currently available in six European countries.
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.
The German government aimed to finance the green transition with €60 billion reallocated from unused funds from the Covid-19 pandemic. Consequently, Germany now faces an outstanding €60 billion deficit. Read Entire Article
Refurbed , a European marketplace for refurbished electronics which raised a $17 million Series A round of funding last year , has now raised a $54 million Series B funding led by Evli Growth Partners and Almaz Capital. Refurbed also competes with Rebuy in Germany and Swapbee in Finland. and Amazon Renew.
Amagi, which offers cloud broadcast and targeted advertising software to scores of media and entertainment giants, has raised a large new funding round as it looks to expand its tech offerings and invest in AI-powered personalization stack. The Series F funding has propelled Amagi’s valuation to $1.4
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. It is in talks with partners, mainly property portals and CRM platforms, to expand into Europe (France, Germany, Belgium and the U.K.)
The e-commerce boom that started with the Covid-19 pandemic shows little sign of slowing down, and today a company called Shopware , which provides a set of open source tools to power online shopping experiences for some 100,000 mid-sized and larger brands, is announcing $100 million in funding to capture the opportunity.
European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 And, it seems, it hasn’t — according to Teicke, it wasn’t desperate to raise again, it’s simply future-proofing itself should it need the funds.
A lot of funding announcements came out last year, and people were buying at the peak of COVID pricing, but now aggregators are starting to fail, and we are purchasing assets from some of them,” Isakow told TechCrunch. It now gives the company $180 million in total funding, Isakow said. The credit facility is from Victory Park Capital.
One of the big leaders in buying up and scaling third-party merchants selling on Amazon and other marketplace platforms is announcing a major round of funding today as it continues to expand its ambitions. Upper90, funds managed by Oaktree Capital Management, L.P., It said that it’s currently on a rate of buying 1.5
million (€21 million) funding round led by Valar Ventures. Moss provides credit cards and a spending platform to small and medium businesses in Germany. But Moss expects to expand to other industries soon thanks to today’s funding round. German startup Moss has raised a $25.5 These corporate card products focus on debit cards.
The United States, United Kingdom, Denmark, the Netherlands, Germany, and Japan account for 91% of total grant funding for Ukraine to date. The top five donors by dollar amount—The Conference on Jewish Material Claims Against Germany, IKEA Foundation, BP plc, Lego Foundation, and Google—account for 35% of total funding.
-based Amadeus Capital Partners and Austria’s Apex Ventures are pooling their collective venture capital (VC) resources for a new fund specifically targeted at early-stage deep tech startups. At the same time, deep tech funding is still low, which presents a huge opportunity for growth.”
Just take a look: Circleback (Germany), Recup (Germany), Sourceful (U.K.), one • five (Germany), Shellworks (U.K.), Woola (Estonia), Papkot (France), Biotic (Israel), FunCell (France) and Traceless (Germany). The investment will be used to fund the opening of its first raw material production plant.
Lilium Aviation , a five-year-old, Munich, Germany-based, venture-backed startup that designs and makes electric vertical take-off and landing jets, is reportedly seeking tax incentives from the city to build a 56,000-square-foot transportation hub with the promise that it will create 100 high-wage jobs in return. .
But in Germany, B2B Payments company Mondu has emerged as a significant entrant to the market. based venture capital fund Valar Ventures and will use the funding to expand into more European countries later this year. Playter has raised backing to do this, as has Hokodo, Billie and Tranch, to name a few other players.
Gorillas , a grocery delivery startup that operates its own hyper local fulfillment centers and has already been a hit in Berlin, has raised $44 million in Series A funding. Probably one of European tech’s worst kept secrets this year, the round is led by hedge fund Coatue, with participation from other unnamed European investors.
Shenzhen-listed battery giant CATL has applied to list in Hong Kong and plans to use the proceeds to fund the construction of a new 100 gigawatt-hours (GWh) battery pack factory in Hungary, in what could be the largest fundraising exercise in the city since early 2021. The company could raise more than $5 billion, Bloomberg had reported.
Nreal , the well-funded Chinese AR headset maker that’s been making aggressive global expansion, said Thursday that it has raised $15 million from Korean sunglasses brand Gentle Monster ’s parent company, IICOMBINED. .” Japan, South Korea, Spain, and Germany. It only debuted in China, where it’s based, in August.
million Series A funding round (€15 million). Today’s funding round gives Vivid Money a valuation of $117 million (€100 million). Right now, Vivid Money is only available in Germany. German fintech startup Vivid Money has raised a $17.6 Ribbit Capital is leading the investment.
Getsafe , the digital-first insurance startup that initially launched with an app for home contents insurance, has closed $30 million in Series B funding. and Germany and delivered via an easy to use app, the idea is that you build and only pay for the exact cover you need. Swiss Re, the reinsurer giant, led the round.
Fintech startup Yapily has raised a $51 million Series B funding round led by Sapphire Ventures. France, Spain, Germany, Ireland, Austria, Italy and the Netherlands,” Vaccino said. With today’s funding round, the company plans to expand its commercial presence across Europe. We have between 90 and 99% coverage in the U.K.,
Sennder , a large digital road freight forwarder based out of Germany, has raised $160 million in Series D financing. Only last November, Germany’s Forto, a digital freight forwarder, raised another $50 million in funding, taking its total raised to $103 million. The whole digital freight forwarding market is booming.
One year after raising $16 million , construction technology company Buildots is back to claim another $30 million, this time in Series B funding. This gives the company $46 million in total funding, Roy Danon, co-founder and CEO of Buildots, told TechCrunch. Germany, Switzerland, Scandinavia and China.
There are more funds, more options, more opportunities, more, more, more. It’s quite easy to harp on the dismal funding and often discriminatory treatment that Black founders receive in the U.S. Cephas Ndubueze , who is from Germany, echoed similar sentiments. Despite, well, everything, the U.S. I can definitely say the U.S.
” Going forward, it will focus instead on its home market of Germany, as well as France, the Netherlands, the UK and the US, which it says collectively account for 90% of its revenues currently.The announcement came on the heels of a report in the German press last night about the layoffs.
Japanese startup ispace has raised $46 million in a fresh round of Series C funding as it looks to complete three lunar lander missions in three years. The funding will go toward the second and third of the planned missions, scheduled for 2023 and 2024. Ispace’s total funding now stands at $195.5
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