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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!
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.
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.
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.
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
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.
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.
French startup Doctolib has announced that is has raised a new funding round. In case you’re not familiar with Doctolib, the company’s main product is a software-as-a-service platform for doctors and medical workers. With today’s funding round, the company plans to grow from 2,500 employees to 6,000 employees over the next five years.
Only last November, Germany’s Forto, a digital freight forwarder, raised another $50 million in funding, taking its total raised to $103 million. Digital freight forwarder Forto raises another $50M in round led by Inven Capital. Sennder’s new investment will mean it can expand in European markets.
Fintech startup Yapily has raised a $51 million Series B funding round led by Sapphire Ventures. Due to recent regulatory changes in Europe (PSD2), banks now have to offer official APIs to integrate with third-party services. France, Spain, Germany, Ireland, Austria, Italy and the Netherlands,” Vaccino said.
Berlin-based language learning service Babbel was supposed to IPO on the Frankfurt stock exchange in late September. One of the company’s fastest-growing businesses is its live classes, which augment the service’s app-based language learning tools. Image Credits: Babbel.
Dott has raised a new $85 million Series B funding round — this round is a mix of equity and asset-backed debt financing. Overall, the company operates in a dozen cities in France, Italy, Belgium, Germany and Poland. With today’s funding round, the company plans to expand beyond e-scooters with a new bike-sharing service.
Mubadala Investment Company is leading the founding round with Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital and Tiger Global also participating. Originally from Turkey, Getir has quickly expanded its service across Europe and the U.S. Germany, France, Italy, Spain, Netherlands, Portugal and the U.S. “We
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.
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.
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.
Rhys Spence Contributor Share on Twitter Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund. Governments, public sector organizations and many private companies moved heaven and earth to ensure public safety and adequate supply of core services. Quite clearly, spending reached unsustainable levels.
Barkyn , a European subscription service for pets that combines food with tele-vet services, has raised a further €3 million ($3.6 million) from food tech investor Five Seasons Ventures , extending its previous Series A to €8 million, and total funds raised to date to €10 million. which has raised $28 million.
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. PayFit has been building a payroll and HR software-as-a-service platform. Given that it’s a software-as-a-service platform, everything remains up to date.
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. That growth is happening more and more outside Italy, with its international expansion now responsible for over 20% of orders.
French startup Iziwork has raised a $43 million funding round. Cathay Innovation and Bpifrance’s Large Venture fund are participating in this funding round. While it’s a relatively large funding round, the startup is quite young. 2,000 companies are using the platform in France and Italy.
-based savings and investing startup Acorns has acquired London-based GoHenry , a startup focused on providing money management and financial education services to 6- to18-year-olds in an all-equity deal, the two companies announced today. France, Italy and Spain. GoHenry will help it extend in that market segment.
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.
“Markets go up and down, but consumers love our service and convenience is here to stay. Getir originally launched its service in Turkey in 2015. The user experience works more like food delivery services, such as Uber Eats, Deliveroo and Just Eat Takeaway. Germany, France, Italy, Spain, the Netherlands and Portugal.
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. The startup’s CEO Alexandre Prot defines Qonto as three different products rolled into a single service.
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.
Cubyn , the Paris-based logistics startup that lets e-merchants outsource fulfilment and delivery logistics, has raised another €35 million in funding. Existing backers DN Capital, 360 Capital, Bpifrance Smart Cities fund and BNP Paribas Développement followed on. and Germany.
Today, one of the companies building headless tools is announcing a round of funding as it continues to expand its business. Filippo Conforti, the CEO and co-founder, said it plans to bring in a lot of new features. Benchmark led Commerce Layer’s Series A about a year ago. That round came at a very key moment for the startup.
The startup currently operates in Germany, Austria, Italy and France, but plans to use its latest funding to move into Spain, the Netherlands and the UK over the next two quarters, according to a GetHenry spokesperson. The funding round, a combination of €10 million equity and €6.5 million (€16.5
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. Charles’ platform in action.
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.
Today a startup that has been focusing on one specific aspect of payments — recurring billing — is announcing a round of funding to capitalize on that growth with expansion of its own. It’s not surprising to see Stripe and others wanting to move in the area of more complex, recurring billing services.
million Series A funding round — bringing its total raised since January 2020, when the business was founded, to $13.6M. Investors in the round include a mix of national and international funds, including Spain’s Seaya Ventures, a new backer of Payflow and Cathay Innovation via its C.
Investors in today’s funding round include unnamed family offices as well as Earlybird and Abacon Capital. The service is now active in two markets — Germany as well as the U.K. With the additional funding, Getsafe plans to finally get its own insurance license. Overall, Getsafe has raised a $93 million Series B round.
French startup Fleet wants to become your IT department’s best friend by managing hardware as a service. Fleet is a bootstrapped startup and hasn’t raised any VC funding. And today, the company is launching its device-as-a-service offering in Spain. Fleet clients can rent computers and smartphones for a flat monthly fee.
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.
In a blog post , analysts Claire Zaboeva and Melissa Frydrych of IBM X-Force IRIS announced that the phishing campaign spans six regions: Germany, Italy, South Korea, Czech Republic, greater Europe, and Taiwan.
million (€13 million) funding round led by Balderton Capital. Numeral isn’t a banking-as-a-service provider either. Right now, half of our customers discover our service through a French bank that describes Numeral as the APIs they don’t offer,” Mandon said. Spain and Italy.
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. New York-based SailPlay had raised $3.3 million prior to the acquisition. According to HubSpot, a mere 5% increase in customer retention can boost profits by 25% to 95%.
Doctolib started as a booking platform for doctors and has expanded to other services for doctors and medical workers in general. With its software-as-a-service strategy, medical workers pay a monthly subscription to use Doctolib’s tools and use them with their patients. Doctolib currently operates in France, Germany and Italy.
For some funding context, it was only in March that Gopuff raised $1.15 With Gopuff’s instant grocery model comes instant funding, it seems: together the three rounds would total around $2.5 billion in funding in the space of 10 months. flat fee “in minutes” delivery service. billion at an $8.9
The Italy-built plane with its distinct stabilizers at the nose can seat seven passengers and fly at up to 370 miles per hour. That’s slower than most jets, something worth keeping in mind for a service where you pay by the hour, but comparable to other two-engine turboprops. 180 is an interesting choice.
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. The company charges a 10% service fee and a $2.9% Our first trip was to Italy and then the next two were to Portugal.” transaction fee.
Helbiz started out as a shared micromobility company but has since expanded to include ghost kitchens, media streaming and, most recently, a taxi service. Around the same time that Helbiz launched Live, it also introduced Helbiz Kitchen, a ghost kitchen delivery service. million in cash to fund its micromobility operations.
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