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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.
Regulators in Canada and Germany have decided to freeze Silicon Valley Bank’s branches in these respective countries — but SVB had very limited operations in foreign markets. Similarly, in Germany, BaFin — the country’s financial regulator — decided to freeze Silicon Valley Bank’s local branch in the country.
Entering this fray is Membo — which, starting in Estonia, has built an app-based marketplace for local food producers to sell directly to consumers, cutting out other middlemen as the startup handles delivery logistics and billing. Delivery Hero picks up InstaShop in $360M deal to expand in groceries in the Middle East.
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. Coatue’s Daniel Senft and Bennett Siegel will join Gorillas‘ board. These startups are also often compared to goPuff in the U.S. Gorillas CEO Ka?an
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.
Tech-talent marketplace MVP Match has raised €5 million ($5 million) seed funding from Stage 2 Capital to double down its strategy for pairing companies with talent from across the globe. By setting up a local presence and working closely with the local talent, we will be able to really open up this market to our clients.
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. We understand from sources it is around $600 million. raised $20 million.
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.
To be clear, Ecosia is also continuing to fund tree-planting with search ads profits (an activity it’s best known for) — but the Berlin-based search engine told us it’s now making an “ongoing commitment” to green energy investment as a result of the energy crunch triggered by Russia’s invasion of Ukraine. .
For example, while it’s good to consider Europe’s venture capital and startup tallies each quarter, we also need to compare, say, France and Germany to truly understand what is driving results on the continent. The same is true in some countries as well when we more closely consider local venture activity.
-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.”
Memmo.me , a startup allowing users to pay celebrities for personalized video messages, is announcing that it has raised $10 million in Series A funding. “We want to be the place where you can find everyone from world famous talents like a soccer or basketball star, to the local musician down the road,” he said.
French startup Didomi has raised a $40 million Series B funding round led by Elephant and Breega. with today’s funding round. With today’s funding round, the company wants to make its product even more developer friendly with open APIs and open-source SDKs. Didomi plans to open offices in Germany, Spain and the U.S.
Germany and the UK came out first and second, respectively). While they can withdraw those funds from the business the next day, local founders must still secure decent backing to even begin the work. Fundraising platforms such as Investiere have boosted the angel community support of early funding rounds. More than 50%?
million in seed funding as it readies for launch. Backing the upstart, which already faces a plethora of better funded competitors, is venture capital fund LVL1 Group, with participation from AddVenture, TA Ventures, Vladimir Kholiaznikov, and angel investors Oskar Hartmann, Alexander Nevinskiy and Dominique Locher. s Fancy.
million seed round of funding to fuel planned rapid expansion — both within Germany and across Europe. “Paris, Amsterdan, Brussels, London,” says co-founder Ralph Hage, reeling off the list of likely first-candidate cities for its service outside Germany. Oja bags $3.4M Expansion is one of them.
And Heura is taking credit for 80% of local plant-based category growth (although it should be noted that Spain remains one of Europe’s biggest consumers of animal-based meat so growth of alt-proteins is starting from a low base). And today it’s announcing a new €20M bridging funding round, ahead of the expected (beefier) B.
Gorillas , the Berlin-HQ’d startup that promises to let you order groceries and other “every day” items for delivery in as little as ten minutes, has raised $290 million in Series B funding, at a valuation that surpasses $1 billion. billion in funding at a whopping $8.9 Noteworthy, Gorillas CEO and co-founder Ka?an
Lugano, Switzerland-based venture capital fund Privilège Ventures just launched its fourth fund. The CHF 20 million (just over $20 million) fund is earmarked for women-led early-stage startups across Europe. “We “The data shows women in the driver’s seat produce better ROI.” “The numbers are staggering.
million Series A funding round (€16 million) led by Accel. Existing investors Creandum and Bpifrance also participated in today’s funding round. With today’s funding round, the company plans to expand to Germany with a new office in early 2022. French startup Swan has raised an $18.7
A couple of JustKitchen’s board members are also active in the Canadian capital markets, including Darren Devine, a member of TSX Venture Exchange’s Local Advisory Committee. and the Frankfurt Stock Exchange in Germany. Spying a pivot to ghost kitchens, SoftBank’s second Vision Fund pours $120 million into Ordermark.
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. On top of that, users can invest in what are known as exchange traded funds ( ETF s), which are essentially investment funds.
French startup Qonto has raised a $552 million Series D funding round (€486 million). It currently operates in France, Germany, Italy and Spain. Tiger Global and TCV are leading today’s funding round. You can sign up from a computer and get a local IBAN a few minutes later. And Qonto does that really well.
in Ehningen, Germany. After securing $70 million in funding in April, in September the company announced Modalix, the first edge-computing chips targeted at multi-modal AI. In September, IBM expanded its Quantum Data Center in Poughkeepsie, New York, which operates the most utility-scale quantum computers at a single location.
million) in Series A funding from South African investment company Base Capital. This is OfferZen’s first round of funding since Philip Joubert , Malan Joubert and Brett Jones founded the company in 2015. and Germany, which are prominent hubs for global talent. million ($5.07
PepsiCo is a major coup as a launch partner, though Einride has struck other big-name commercial deals elsewhere including Electrolux in Germany and GE Appliances in the U.S., the latter serving as a pilot partner for Einride’s fully autonomous pods (more on that below). ” Einride’s PepsiCo (Walkers) Truck.
More funding for European end-to-end encrypted messaging app, Wire : The enterprise-focused messaging platform told TechCrunch it closed a €24 million Series C round of funding led by growth equity firm Cipio Partners and Iconical, the investment vehicle of Skype co-founder Janus Friis.
15 steps to fundraising a new VC or private equity fund. and Germany; and “tech” means B2B SaaS/fintech or consumer apps. Local affinity or bias. David Teten is founder of Versatile VC and writes periodically at teten.com and @dteten. More posts by this contributor. Stéphane Nasser. Contributor. Occurrences. Technical founders.
Berlin-based Mayd , a startup that’s building an on-demand medicine delivery platform in Europe, has fast followed a chunky seed raise last fall — with a €30 million (~$34M) Series A funding round led by US investor Lightspeed Venture Partners.
The social media giant says it’s already partnered with over a dozen publishers for the service including Guardian Media Group, Reach (who’s titles include the Daily Mirror , Daily Express , and local publications like the Manchester Evening News and the Liverpool Echo ), The Economist , and Wired and GQ publisher Conde Nast.
Tamatem will use the latest funding to amplify its efforts by bringing various games with more popular titles to the Arabic-speaking market. The startup will hire local talents in Saudi Arabia to expand further. India, Egypt, Saudi Arabia, Germany, Hungary, and Jordan. “We have employees in the U.S.,
and Germany. That’s what Decagon hopes for by training and connecting engineers to work remotely with both local and international companies. Nwobi says Decagon operates at the intersection of edtech, fintech and the future of work, and the funds will be used to scale its efforts on the three fronts. Canada, the U.K.,
Tank Top TV was at the demo day looking to raise £400,000 in seed round funding. Monetization of the platform is achieved in three ways: ad-funded access for free users, a premium subscription and in-app purchases. So if an emergency happens and an SOS alert is sent, all the members of the iHelp community in the local area receive it.
million (25 billion KRW) in a Series B funding round as it wants to increase its global presence, specifically into the U.S., Germany, Japan and Singapore. . It brings its total funding raised to date to $24.9 The fresh capital was led by Korea Investment Partners along with KB Investment and Korea Development Bank.
Instant purchase and delivery of food and other essentials was one of the big bubbles of opportunity in the world of e-commerce in the last year, with dozens of startups big and small emerging and scooping up funding to build out businesses to bring items like groceries, toilet paper and Tylenol to people’s doors in 30 minutes or less.
From financial institutions and technology leaders to consumer goods and service providers, these organizations are committed to giving back by funding, promoting, and enhancing initiatives that drive social change. Google offers event sponsorships, in-kind donations, and grant funding to nonprofits aligned with its core social impact areas.
Challenger banks have become, collectively, a force to be reckoned with in the world of financial services for consumers, and today one of the big players out of the Nordics — Lunar — is announcing growth funding along with two new services to continue filling out its ambition of providing a one-stop super app for its users.
million) Series A round of funding. The Series A funding will be put toward international expansion — including eyeing potential growth opportunities in LatAm. They represent a B2C approach, with a strong local presence. Poland-based Telemedico has closed a €5.5 million (~$6.6 free at the point of use for patients).
And steps were taken to give Indigenous peoples and local communities a stronger voice in conservation matters. ” The overall financial aim was to achieve $20 billion a year in the fund by 2025, and then $30 billion by 2030. But two weeks turned out to be not enough time to get everything done. Steven Grattan, Associated Press
She jumped in and got her “hands dirty”, doing dozens of video calls with groups of local drivers inside Ukraine in order to get supplies in. Thanks to partners Serhii Nizhinskii, Asociatia pastel, IsraAID Germany e. This led her to creating the Sunflower Relief NGO. Some even re-routed planes after a call from Khi.
So to find out what the startup scene in Wroclaw looks like, we spoke with local six investors, executives and founders. The country’s capital Warsaw has an angel investment scene, but founders instead often look to Germany for smaller investments because “the distance from Wroc? Investment funds and global players.
In the meantime, individuals, governments, and private philanthropy fund relief on the ground, trying to keep up with displacement and need on a massive scale. The top 10 funders account for 36% of total funding, down from 54% on March 11. Details about data on funding for Ukraine humanitarian relief. 13,900,000. 12,071,840.
The Austrian startup revealed that it has raised €18 million ($20 million) in what it’s calling a Series A+ round of funding, following on from its €11 million ($12.3 The combination of all of these data points ensures a broad coverage of both local and global supply chain risk events.”
This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. Special thanks to TC senior reporter and very nice guy Kyle Wiggers for helping me draft the Weekly News and Fundings and M&A sections below so I could get offline and pack for my trip!
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