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German fintech startup Vivid Money has raised a $17.6 million Series A funding round (€15 million). 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.
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.
In the culmination of a two-year legal process, the former operator of dark web index site DeepDotWeb was handed a sentence of 97 months in prison for money laundering on Tuesday. These payments were reportedly converted to fiat currency and sent to bank accounts he controlled in the name of shell companies set up to launder the funds.
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. Founded in July 2018 by Cristina Vila, after she experienced the SaaS management problem first-hand while working at London fintech Dopay, Cledara has developed software to let companies track and manage their SaaS usage and spending, including analytics to help understand if it is money well-spent.
Patreon says it’s suspended the crowdfunding page for “Come Back Alive,” a Ukrainian NGO that was collecting money to support the the country’s military in response to Russian aggression. Come Back Alive’s page said that funds would be used to train soldiers, as well as provide technical equipment, according to Patreon’s blog post.
Gopuff , the “instant” grocery delivery startup that has been on an acquisition and expansion tear in the last several months to scale its business, is also racing to raise money to fuel those efforts. For some funding context, it was only in March that Gopuff raised $1.15 billion in funding in the space of 10 months.
“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.
Vivid Money , a challenger bank out of Berlin with 500,000 customers, has made a name for itself with a financial one-stop shop “super app” that, in addition to basic checking and money management services, also includes stock and cryptocurrency investing. Maybe neobanks will break even after all.
We also want to enable European venture capital with European funds, European knowledge and European teams Cédric O. New financial incentive to create 10 to 20 large VC funds. Let’s start with late-stage funding. Our goal is to create 10 to 20 funds with more than €1 billion. More countries should join the list soon.
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.
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.
VC funding into Europe (including the U.K.) But Europe isn’t the only place where VC funding didn’t decline. The Exchange explores startups, markets and money. It is also worth noting that Europe accounts for a much larger portion of global funding than Africa. Germany: $2.9 Asia, and Latin America.
The funding, which brings Finn’s valuation to “more than $500 million,” comes at a time when consumers are starting to shift away from traditional car ownership models like leasing or financing. and Germany and invest in its technology platform. Finn only launched in the U.S.
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.
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.
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. .
In many cases we have observed, the founders have given away too much equity to their first investors — typically angels and family offices, who have little experience with fast-growing startups or the venture capital funding model. Be thoughtful about the first money you raise. Alarm bells.
” 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.
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.,
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. Perhaps it will be next in line for a big round of money. (I’ll
is still the best place in the world for Black startup founders to raise money. 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. Despite, well, everything, the U.S.
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 Exchange explores startups, markets and money. So we have to go inside the United States to fully grok its activity.
And while other eVTOL companies are struggling to stay afloat during the COVID-19 pandemic, Lilium is continuing to raise funds. The March announcement included funding from existing investors, like Atomico, Freigeist Capital, LGT, and Tencent, which led the round. The firm is said to own 7.67 percent of Tesla, which is worth $10.35
French startup Matera has announced that is has raised a new $43 million (€35 million) Series B funding round led by Mubadala Capital. With today’s funding round, Matera plans to expand to Germany. Our clients wanted more transparency, and to save money and that’s exactly what we can bring them.”.
Instant grocery delivery continues to be a very frothy market, but today comes news of a major funding round for one player in it that investors believe will still be standing after the hype has died down. billion post-money). billion post-money). Flink, meanwhile, fresh off its own funding round, was fending with M&A.
Following this round, the startup has reached a post-money valuation of $2.1 General Atlantic is leading the round, while some of PayFit’s existing investors are participating once again, such as Eurazeo, Bpifrance’s Large Venture fund and Accel. Other customers are located in Spain, Germany or the U.K. Spain and Germany.
Volocopter , the startup out of southern Germany (Bruchsal) that has been developing electric VTOL (vertical take-off and landing) aircraft and a business model for operating them in taxi-style fleets in urban areas, has picked up another big round of funding as it inches closer to its first commercial launches.
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. .
VanMoof just raised another $128 million in funding, after announcing a $40 million investment round in September 2020. That brings Amsterdam-based VanMoof’s total haul to $182 million raised in the last two years, excluding crowdfunding rounds in 2018 and 2019, making it “the most funded e-bike company in the world,” according to VanMoof.
Dott has raised a new $85 million Series B funding round — this round is a mix of equity and asset-backed debt financing. It has raised a lot less money than Bird or Lime and it has taken a different approach when it comes to operations. Overall, the company operates in a dozen cities in France, Italy, Belgium, Germany and Poland.
Tech is rushing in to fill that gap, and today a Berlin-based startup called Taxfix , which has built a popular mobile assistant to address the former of these, is announcing a big round of funding to fuel its growth. and it’s often free money owed to you! Index led its Series C in 2020 ; Valar led a round in 2018 ).
It lets you send and receive international payments, and exchange funds in multiple currencies. You also can order debit cards to spend money from your Revolut account directly. Revolut extends Series D round to $580 million with $80 million in new funding. As a reminder, Revolut already offers business accounts.
Klarna , the Swedish buy now, pay later behemoth and upstart bank, has raised $1 billion in new funding at a post-money valuation of $31 billion. It has a range of licensed banking services, such as savings and current accounts, in Sweden and Germany , with more countries to follow.
That includes Germany, where Turo took over Daimler AG’s car-sharing subsidiary Croove alongside an investment deal. Turo followed that up with a $30 million extension round the following February, bringing its total funding to date to over $500 million. Extra Crunch members save money with Partner Perks and event discounts.
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. Existing investors Valar, Alven, DST Global and Tencent are putting more money on the table as well.
French startup PayFit has raised a $107 million series D funding round (€90 million). Eurazeo Growth and Bpifrance’s Large Venture fund are leading today’s round. The company already has everyone’s bank information, which makes it easier to transfer money back to an employee for a cash expense.
Those services raised a ton of money and grew at a rapid pace during the COVID-19 pandemic. But restrictions were lifted, VC funding dried up and some cities put some restrictions on dark stores. Germany, France, Italy, Spain, the Netherlands and Portugal. It operates in the U.S. and the U.S.
Now the company has a presence in more than 3,000 retail locations across Switzerland, Germany, and Austria, and works with restaurant and food service partners as well. No doubt this strong organic (so to speak) growth, and the growth of the meat alternative market in general, made raising money less of a chore.
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. Stage 2 Capital launches $80M Fund II targeting B2B software startups. Gloat nabs $90M to build AI-powered internal jobs marketplaces.
Dresden, Germany-based Wandelbots has raised a healthy sum in the years since it appeared on our Disrupt Berlin stage, way back in 2017. Today the firm returns with a healthy $84 million Series C, putting its funding well north of $100 million to date. The following year, the no-code robotic software firm raised $6.8
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.
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