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Daily Crunch: Citing data privacy concerns, Italy temporarily bans ChatGPT

TechCrunch

Christine and Haje The TechCrunch Top 3 Italy gives ChatGPT the boot : Italy’s government has been on a blocking kick lately. A few days ago, we wrote about a possible ban on cultivated meat , and today Italy wants to block ChatGPT, citing data protection concerns. On that note, enjoy your weekend! You’re hired!

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Agicap raises $100 million for its cashflow management service

TechCrunch

French startup Agicap has raised a new $100 million funding round led by Greenoaks. With today’s funding round, the company has reached a valuation of more than $500 million (€415 million). Agicap is building a service that lets you track your cash flow in real time, build reports and get forecasts.

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Surging homegrown talent and VC spark Italy’s tech renaissance

TechCrunch

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.

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Casavo, an Opendoor-style proptech from Italy, raises $410M to expand its instant buyer platform across Europe

TechCrunch

In the latest development, an Opendoor-style startup called Casavo , out of Italy, is announcing that it has raised €400 million (about $410 million currently). The funding is coming in the form of a €100 million Series D and €300 million in debt to buy up and fix up properties. That very much played out for the startup.

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Wefox secures new funding at $4.5 billion valuation as it aims for profitability

TechCrunch

Wefox , the German insurtech startup, has closed a new funding round from existing investors. The funding amount isn’t going to impress anyone as the company managed to secure $55 million. Many startups are struggling to raise funding rounds or have to lower their valuation. Wefox secures new funding at $4.5

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Scalapay raises $48M to scale its buy now, pay later service in Europe

TechCrunch

Buy now, pay later services — which let consumers finance the purchase of goods online by paying back the total in installments over time — have been growing in ubiquity this past year. This is the startup’s first significant funding since launching in 2019.

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Cajoo raises $40 million for its instant grocery delivery service

TechCrunch

Interestingly, the lead investor in today’s funding round is Carrefour, the supermarket giant. The service is currently live in 10 French cities — Paris, Neuilly-sur-Seine, Levallois-Perret, Boulogne-Billancourt, Lille, Lyon, Toulouse, Bordeaux and Montpellier. Carrefour’s investment isn’t just a financial investment.

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