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Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund, where he works with portfolio companies to help address priorities, with a focus on internationalization and HR. Funding and activity were centered in a couple of markets and there were just a few growing companies gaining interest. Rhys Spence.
As Italy reinstates many COVID-19 restrictions, the country’s tech ecosystem is watching and waiting to see what the wider effects of the emergency will be. Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade.
million seed round led by Indico Capital Partners , alongside the Social Innovation Fund in Portugal (SIF) and previous investors. With this investment round, Nutrium plans to double the team size in the next 24 months in order to focus on platform development and expand global sales in markets like Spain, France, Italy, the U.S.
The Founder Institute , the early-stage startup accelerator that aims to ‘globalize Silicon Valley’, is doubling down on Europe big time. The newly launched chapters are Zagreb (Croatia), Helsinki (Finland), Istanbul (Turkey), Rome (Italy) and Kyiv (Ukraine). Image credit: Ralph Orlowski / Getty Images.
Mubadala Investment Company is leading the founding round with Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital and Tiger Global also participating. That’s why these instant delivery startups have been raising mega rounds of funding. Germany, France, Italy, Spain, Netherlands, Portugal and the U.S. “We
Rhys Spence Contributor Share on Twitter Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund. For the first time since 2014, venture capital funding to European edtech startups saw a decline year-over-year, with startups raking in $1.8 billion in 2022 compared to $2.5 billion a year earlier.
German startup Wefox has raised a $650 million Series C funding round led by Target Global. Following this funding round, the company has reached a post-money valuation of $3 billion. The company is currently live in five markets right now and is working on expanding to Italy soon. billion valuation.
The Argentina-based fraud and identity protection company announced $12 million in Series B funding Monday from backers including software developer, Globant, as well as Agrega Partners, NXTP Ventures, Bridge One, the IDB Lab and Telefónica. As such, he intends to use the new funding to hire developers across Europe and in the U.S.
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.
Tencent, which made its first African edtech bet in Nigeria’s uLesson last December, co-led this Series A round with Italy-based VC Alchimia. So, we thought this was a much-needed space, not only for kids in Africa but globally. Though white and raised in Italy, Bisignani travelled widely in Africa when she was young.
When Acorns last raised funding, $300 million in March 2022, it was valued at $2 billion; GoHenry has not disclosed its valuation but was believed to be valued at between $250 million and $500 million in October 2022, when it raised $55 million. France, Italy and Spain. Hill said GoHenry too always had the intention to globalize.
A global phishing campaign has been targeting organizations associated with the distribution of COVID-19 vaccines since September 2020, IBM security researchers say. Advanced insight into the purchase and movement of a vaccine that can impact life and the global economy is likely a high-value and high-priority nation-state target.”.
million, and, in the post-pandemic world where the population has become far more movable due to remote working, similar businesses are raising funds to attend to the needs of this global, nomadic workforce. Germany-based NUMA Group expanded into Spain, Italy, Austria and the Czech Republic in 2021. It’s raised $529.6
On the heels of Amazon about to launch a new enterprise service to detect whether a machine is working well or not based on external physical changes in sound, vibration and temperature, a startup that has already built a big business in the space is announcing a big growth round of funding.
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. .”
It is hoping to start scaling up manufacturing in the local areas where the machines will be most needed, including Italy, India and Zimbabwe. Perhaps most impressively, the company has accomplished all of this on a shoestring budget.
Open banking platforms, where services that might not have previously lived next to each other are now joined up by way of APIs, has been one of the emerging trends of the last couple of years, and today one of the leaders in the space out of Europe has closed a round of funding to expand its business. million in funding.
But restrictions were lifted, VC funding dried up and some cities put some restrictions on dark stores. In May, Getir announced that it would cut 14% of its global staff — more than 4,000 were impacted by the downsizing. Germany, France, Italy, Spain, the Netherlands and Portugal. It operates in the U.S. and the U.S.
Two years on from its launch, Charles today announced that it has raised $20 million in a series A round of funding led by Salesforce Ventures, with participation from Accel and HV Capital. million seed round of funding it raised last year. This follows a $6.5 How it works. Conversational commerce comes to Europe.
Retail Rocket , a retention management platform for brands, today announced that it raised $24 million in a Series A round led by Cyprus-based private equity fund Flintera. We expect that the global e-commerce market will continue its growth at more than 10% per annum, with Latin America leading the race.”
Scalapay , a buy now, pay later (BNPL) technology provider that has made significant headway with retailers and consumers in Europe and in categories like fashion, has closed a round of funding that it will be using to fuel its expansion ambitions. The startup has raised $155 million at a $700 million valuation.
million (€13 million) funding round led by Balderton Capital. That could be particularly useful for global customers with accounts in multiple countries. With the funding round, Numeral plans to grow to a team of 30 to 40 people. Spain and Italy. Spain and Italy. Last month, Numeral announced that it raised a $14.8
It plans to use the funding to expand its own technology tools, as well as grow internationally. We understand that this latest funding values Berlin -based Spryker at more than $500 million. They include Commerce Layer in Italy; another startup out of Germany called Commercetools ; and Shogun in the U.S.
It’s been really tough concentrating during the latter part of this week due to global events so forgive me if my tone is less upbeat than normal. million in funding — $15 million of which was raised in a Series A led by Menlo Ventures and $3.4 ” Funding across the globe. sign up here.
Today, they’re on track to surpass half a billion rides globally by 2021, far outpacing early growth in the carbon-heavy ride-hailing industry founded by Uber in 2009. Adaptable, environmentally friendly solutions to car congestion and urban pollution were in high demand even before the global spread of the coronavirus in 2020.
Energy Dome today announced the close of its $11 million Series A fundraise, with the goal of deploying the first commercially viable CO 2 battery in a demonstration project in its native Sardinia, Italy. It points out that this is a fast-growing market segment, not well served by existing battery technologies.
But today, a startup that’s cracked open that model with an autonomous, AI -based camera that lets any team record, edit and distribute their games, is announcing a round of funding to build out its business targeting the long tail of sporting teams and fixtures. million) in a Series B round of funding.
This downsizing from the Dubai-based startup adds to the long list of global cross-stage layoffs in what has been a rough month for tech employees. SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan.
But only a few days before the initial listing the company pulled the plug with an eye on the developing Evergrande debt crisis that made the global stock markets very nervous. It took Babbel a while to build up this business, which was only available in Germany for a long time and only recently expanded to Italy.
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. Earlier this year, Petal announced it raised a $140 million Series D round of funding at an $800 million valuation to help upend the “broken” traditional credit system.
Dija , the London-based grocery delivery startup, is officially launching today and confirming that it raised £20 million in seed funding in December — a round that we first reported was partially closed the previous month. Backing the company is Blossom Capital, Creandum and Index Ventures, with Dija seemingly able to raise pre-launch.
And because we have a veritable wall of coverage on AI today: A path to un-banning in Italy : Natasha L covers how Italy gives OpenAI an initial to-do list for lifting the ChatGPT suspension order. 100 million, diversified : MassMutual launches $100 million fund to invest in diverse founders , Dominic-Madori reports.
The 2020 global freeze on leisure travel put a temporary pause on demand for short term luggage storage. ” To fuel the expected boom in growth, Bounce is announcing close of a $12 million Series A round of funding, led by Andreesen Horowitz. in early funding later that year.
Innovamat will be using the funding to expand its business. It has been around since 2017, operating initially in Spain before expanding to Italy and several countries in Latin America (Mexico, Colombia, Chile, Ecuador, Brazil and Peru). Innovamat will be using the funding to expand its business. in New Jersey.
At the end you also see a bigger trend that everyone gets delivered their stuff — so there’s no reason why people in Spain or Italy or France or wherever shouldn’t get [medicines] delivered,” he adds.
When all was said and done, we received a 2005 seed-funding grant from Full Circle Fund and launched the Refurbished Computer Initiative program. And then the program really got going with a major grant in 2007 from California Emerging Technology Fund. Refurbished Computers in the TechSoup Global Network.
That’s pennies compared to the recent funding rounds by Rad Power Bikes ($150 million), VanMoof ($40 million), Cowboy ($26 million), and Super73 ($20 million), but CEO Eliott Wertheimer tells me that the company was already profitable before the November funding round. It took all of two minutes.
However, the Berlin-based startup did graduate Y Combinator’s accelerator program last year and has secured around $4 million in funding (via a convertible loan) prior to a $20 million series A round that it’s announcing today. “Gigs is creating the telecom-as-a-service category,” he said. 20% in the U.K.,
A new company from the creators of the Godot game engine is setting out to grab a piece of the $200 billion global video game market — and to do so, it’s taking a cue from commercial open source software giant Red Hat. On top of that, the company told TechCrunch that it has raised $8.5
Presented by: Elizabeth Ngonzi , Adjunct Faculty at New York University Center for Global Affairs and Former CEO of Afrika Tikkun USA. Selecting one of four legal paths to raise funds from them. Date: Tuesday, March 24, 2020. Time: 1pm EST / 10am PST. Understanding their needs, interests and why they give.
Since March 11, when Candid last looked at the global philanthropic response to the Russian invasion of Ukraine, human suffering and economic devastation has only increased. 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.
PrimaryBid , which allows retail investors (that is, ordinary and not professional investors ) the ability to invest in new shares issued by public companies, has raised $50 million in new funding of its own. and globally.”. Unlike the investors on its platform, this Series B is coming from a list of big-name strategic players and VCs.
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. The startup says it has been used to send more than 100,000 messages globally, and that sales grew 50% every month between July of last year and January 2021.
Next: : If you’re gonna go global, plan it from the start. Think global, start early. WhatsApp founder Jan Koum is an Ukranian immigrant, and I’m betting it had helped him realize the potential of going global from day one. When we had a bit of funding at hand, we used One Hour Translation to localize to Italian for about $100.
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