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German teens went crazy for this ‘compliments’ app, and now VCs are backing its next phase

TechCrunch

The reason we are talking about it today is that it’s grown like a weed after launching last year in Germany, where it reached Number 1 on the German iOS App Store four days after launch. It’s now raised a $2.63m (€2.5m) pre-seed funding round led by Accel. SLAY is available in Germany, Austria, Switzerland and the United Kingdom.

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Tesla?s second largest shareholder invests $35 million in air taxi startup Lilium

The Verge

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

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South Africa’s Flow gets funding to automate social media advertising for real estate agencies

TechCrunch

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. So our next phase of traction and growth will come from those relationships, which are significant in our world.

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Thrasio, the Amazon aggregator, raises $1B in fresh funding at a valuation of up to $10 billion

TechCrunch

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

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China’s CATL files for secondary listing in Hong Kong to fund expansion

TechNode

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.

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InfoSum raises $65M Series B as organizations embrace secure data sharing

TechCrunch

InfoSum, a London-based startup that provides a decentralized platform for secure data sharing between organizations, has secured a $65 million Series B funding round led by Chrysalis Investments. and Germany. The investment comes less than a year after InfoSum closed a $15.1

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Berlin’s Gorillas lays off 300, explores ‘strategic options’ in 4 countries as funds dry up for its $3B instant grocery play

TechCrunch

” 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.

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