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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.
The newly launched chapters are Zagreb (Croatia), Helsinki (Finland), Istanbul (Turkey), Rome (Italy) and Kyiv (Ukraine). The idea-stage program basically gathers aspiring startup founders, experienced local entrepreneurs and international mentors for a part-time, four-month curriculum to launch ‘enduring’ companies.
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. In December 2019, the company reported a $1.65
during the same period last year, after clocking up its most successful first half of the year in its five-year history and bagging a number of major retailers to stock its plant-based foodstuffs (including Ocado in the UK, Migros in Switzerland, Carrefour in Italy, E.Leclerc, Intermarché and Super U in France).
Everli , the European marketplace for online grocery shopping that started in Italy but now also operates in Poland, Czech Republic and France, has raised a $100 million in Series C funding. Founded in 2014, Everli lets customers order from local supermarkets for delivery. In 2020, Everli sales almost quadrupled to $130 million.
It is hoping to start scaling up manufacturing in the local areas where the machines will be most needed, including Italy, India and Zimbabwe. A business-focused version costs $1,150, and there’s a large-scale version available for $2,100, which is focused on parks, local municipalities, and larger areas.
based startup founded by senior former Deliveroo employees, is closing in on $20 million funding, TechCrunch has learned. It’s not clear who else is in the running, although I understand it was highly contested and the startup had offers from several top tier funds. Dija, a new U.K. Blossom Capital and Dija declined to comment.
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.
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.
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.
In 2021, TikToks parent company ByteDance participated in the companys Series A funding round with an investment of $10 million. In 2022, iMile expanded its operations to Brazil and Mexico.
TrovaTrip , a travel planning and booking platform that lets creators host adventures with their communities, has raised $15 million in Series A funding led by Madrona. All trips are organized and run by a certified tour operator and include a local guide to ensure a safe experience. The company charges a 10% service fee and a $2.9%
Interestingly, the lead investor in today’s funding round is Carrefour, the supermarket giant. I’m convinced that the future of this category will be represented by three or four local players that are strong in other countries.” Carrefour’s investment isn’t just a financial investment. Henri Capoul said.
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.
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. Sunflower helped fund the delivery of aid by Baby Lifeline; Andrea Fraser from Justice.org from Edinburgh, NHS Scotland, a U.K.-based Some even re-routed planes after a call from Khi.
Their goal is to slice off specialist market chunks by serving particular communities, requirements and tastes — say by delivering premium, locally sourced groceries or catering to cultural difference by stocking a wide range of ethnic produce. Grocery delivery startup Membo is hungry to build a Europe-wide, local food producer network.
SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan. – Provident Fund, Gratuity & Leave encashment other legal payments. – All Final Settlements to be taxed as per local requirement.
Nonetheless, Bounce claims it was able to continue growing its business during the pandemic — saying i t paid out more than one million dollars to local businesses during the pandemic in spite of COVID-19’s impact. We’re also investing far more in local marketing,” says Candee of this program.
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.
For example, if your town is known for gorgeous cherry blossom trees, offering paintings with these trees by a local artist can inspire bidding. For example, a local bike shop could donate a bike, helmet, and a voucher for a free tuneup. Look for B&Bs in unique locations, such as beachfront or mountaintop locales.
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. .
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.
She was a pioneer of the Eagles Care program, which partners the Eagles with local nonprofits to make a lasting difference in the Philadelphia community. In 2018, Simone began her 31st year as a full time consultant specializing in fund development, strategic planning, and board development/governance.
Our app caught fire on the Russian AppStore and we hurried to localize the app’s user interface as well. Later, we used Fiverr translators for the German and French localizations ($5 each) and ran it by some native speaking friends to make sure all is well. Italy, France and Germany are now in our top 15 download countries.
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. 6,780,000. 5,879,225.
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.
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. OMERS Ventures, the investment arm of the prolific pension fund out of Canada, said it’s part of the groups focus on fintech.
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).
Merqueo , which operates a full-stack, on-demand delivery service in Latin America, has landed $50 million in a Series C round of funding. Dark stores are traditional retail stores that have been converted to local fulfillment centers.” Instant grocery startup Getir makes its first acquisition to expand into Spain and Italy.
TechCrunch: In order to be able to access the support package a local startup must be an innovative business that’s up to five years old (or seven in biotech); making up to €5 million in revenue; and have at least 60% of its employees in Spain. So this generated a lot of uncertainty for investment funds to come to Spain.
According to Bird, this growth plan is already underway, with the shared micromobility company recently bringing its scooters to Bergen, Norway; Tarragona, Spain; and Palermo, Italy. A Bird spokesperson told TechCrunch it’s using “existing resources” to fund these various initiatives. million) in a funding round led by Swedbank Robur.
French startup Sencrop just raised an $18 million Series B funding round led by JVP. Germany, Spain and Italy. to access ultra-precise and ultra-local information for better daily monitoring of their crops and the risks on their plots.”. In France, there’s one weather station per 20 square kilometers on average.
million-member political action committee who works on issues from universal health care to climate change, and energy independence to restoring democracy through getting rid of the torture clause that the Bush administration has written into the government charter, and trying to get public funding for elections. We are a 3.5
Twitter removes ‘government-funded’ news labels Twitter has removed “government-funded media” labels on all accounts, from NPR to the Chinese state-affiliated Xinhua News. The app even appears to have deleted its web page explaining the “government-funded media” labels. Payouts have yet to reach creators’ wallets.
The heavy-duty chips used to train AI models and infer outputs are especially demanding: running and cooling the data centers they fill already uses as much electricity each year as Italy, which has the eighth-largest GDP in the world. For now, the energy-intensive AI boom is helping drive growth. Last year Antora also earned a $14.5
A source tells us Founders Fund is also investing. based company to stop processing locals’ data. The local radio, TV and internet awareness campaign has a slightly more generous timeline of May 15 to be actioned.) Altogether the VCs have put in just over $300 million at a valuation of $27 billion to $29 billion.
There’s one waiting in the wings — Last April, Biden called for federal funding to ease the semiconductor shortage, and the Senate answered in June, passing a bill that would provide $52 billion for domestic semiconductor manufacturing in the United States. Reportedly, Intel will start its European expansion in France, Germany, and Italy. “We
Black Lives Matter protesters are demanding that Facebook stop fundinglocal police in Menlo Park. The company says it is still testing the feature, which is also available to users in Brazil and Italy. Dave Gershgorn / OneZero ). Sarah Emerson / OneZero ). Sarah Perez / TechCrunch ). Manish Singh / TechCrunch ).
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