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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.
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. Big Tech Inc. On that note, enjoy your weekend!
French startup Doctolib has announced that is has raised a new funding round. In particular, Doctolib acts as a booking platform that connects doctors with patients; 60 million people have used it in France, Germany and Italy. Healthcare tech platform Doctolib acquires encryption startup Tanker. billion, or $6.4
French startup ManoMano has raised a Series F funding round of $355 million led by Dragoneer Investment Group. Following today’s funding round, the company has reached a valuation of $2.6 Following today’s funding round, the company has reached a valuation of $2.6 It is currently available in six European countries.
And while its share price is being hammered at the moment in a wider downturn for tech stocks overall, it’s a strong enough concept that it’s inspired a number of others to follow in its footsteps. 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.
Sonder is a tech-driven hospitality company. 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. Based out of the U.S., It’s raised $529.6
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.
The Apple Developer Academy in Detroit will be the “first of its kind in the US,” Apple wrote in a press release, after previously partnering on a similar program in Italy. In Atlanta, Apple is partnering to help launch the Propel Center, a tech-focused hub for HBCUs. The Propel Center will offer in-person and online courses.
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.
To whit, Impress , a Southern European player in direct-to-consumer orthodontics, has raised a $50 million Series A funding round led by CareCapital (a dental division of Hillhouse Capital in Asia), along with Nickleby Capital, UNIQA Ventures and investors including Michael Linse, Valentin Pitarque, Peter Schiff, Elliot Dornbusch and others.
The food tech industry is effectively now going into fast food. Both employ a lot of tech in their back-end to improve efficiencies. The company has now raised €20 million ($24 million) in a Series B funding round led by Eulero Capital, with the backing of FG2 Capital and reinvestment from Milan Investment Partners SGR.
Gorillas, according to a presentation it made to investors in March that a source shared with us, has around 700,000 active customers.The news comes on the heels also of rumors we’d been hearing that the company had been raising more funds.
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.
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.
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).
Tech is rushing in to fill that gap, and today a Berlin-based startup called Taxfix , which has built a popular mobile assistant to address the former of these, is announcing a big round of funding to fuel its growth. But that doesn’t make dealing with either particularly natural and easy.
And the French government is taking advantage of this opportunity to make some progress on the tech startup policy front. In an interview with TechCrunch, France’s digital minister Cédric O shared some news for the European tech ecosystem. New financial incentive to create 10 to 20 large VC funds.
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.
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.
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.
French startup Qonto has raised a $552 million Series D funding round (€486 million). This is one of the largest rounds in the French tech ecosystem. It currently operates in France, Germany, Italy and Spain. Tiger Global and TCV are leading today’s funding round. Qonto will also invest heavily in its existing markets. “We
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. Launched in 2017, the Portuguese startup currently serves customers in Portugal, Spain and Italy, and is aiming to be a key “pet wellness” brand for Southern Europe.
After ridiculing one mosquito-fighting product , I figured it’d be only right to highlight another piece of buzz-reducing tech that was showing off its products at CES this year. It is hoping to start scaling up manufacturing in the local areas where the machines will be most needed, including Italy, India and Zimbabwe.
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.
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. Though white and raised in Italy, Bisignani travelled widely in Africa when she was young. Other investors include EchoVC, firstminute Capital and Auxxo Female Catalyst.
And yet, few French startups turn to their community of users to raise some new funding. And you may have noticed a recent crowdfunding campaign in the French tech ecosystem already. As there might be a lot of interest for such a well-known company, Qonto is focusing on its user base in France, Italy, Spain and Germany.
million (€13 million) funding round led by Balderton Capital. We are a payment automation platform for tech companies,” co-founder and CEO Édouard Mandon told me. “We We let tech companies connect to their bank account to automate payment operations.”. With the funding round, Numeral plans to grow to a team of 30 to 40 people.
In 2017, iMile was founded by Rita Huang, a former employee of Chinese tech giants Huawei and Alibaba Cloud, in Dubai, UAE. In 2021, TikToks parent company ByteDance participated in the companys Series A funding round with an investment of $10 million. The company targets the Middle East delivery market.
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. Until last summer, GoHenry operated in the U.K.
Longer-term energy storage is a drag, and a lot of battery tech has been focusing on “how quickly can we charge these batteries so I can drive my EV for another couple of hundred miles.” The tech is pretty neat — the company is using CO 2 in a closed-loop cycle where it changes from gas to liquid and back to gas.
The Milan, Italy-based startup has picked up $48 million in funding, money that it will use to continue building the tech in its platform, scaling its service in Europe, and to begin working on efforts to break into the U.S. This is the startup’s first significant funding since launching in 2019.
After a Tahoe-based tech conference, Sheel Mohnot, the fintech investor behind Better Tomorrow Ventures, is beatboxing in his head — all day, every day. And while it may feel like an uncommon takeaway from an event featuring the who’s who in tech that was precisely the point. At just 2.1%
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. billion at an $8.9 billion valuation. billion) valuation.
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. For consumer-facing businesses, making sure they have the latest adtech, marketing tech and tools to improve discovery and conversion is a must.
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.
million in funding from Anthemis, Financial Venture Studio and Soma Capital. People can set up a Braid Pool around any effort — a fund for this summer’s Italy trip, shared car gasoline expenses or a kitty to put toward monthly book club snacks — and then send a link to friends who want to put cash in.
Tech companies, private and public, have faced a reckoning in the past few months with their valuations taking a beating. 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. Over 15,000 tech workers have lost their jobs in the U.S.
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.
One entrant, the three-year-old startup Automotus , is beginning to rack up deployments in zones within cities like Santa Monica, Pittsburgh, Bellevue, Washington and Turin, Italy. However, Justus said the newly raised funds are being used to expand into new markets and to hire more employees. Investors have taken notice as well.
Listen up : Sarah reports on a pair of new Spotify features: iPhone users can now get to the app faster through a new Lock Screen widget, and there is new tech for turning radio broadcasts into podcasts. 100 million, diversified : MassMutual launches $100 million fund to invest in diverse founders , Dominic-Madori reports.
In April 2021 , Oda (known then as Kolonial) was valued at around $900 million when it raised $265 million from investors that included SoftBank’s Vision Fund. It still lists Oda among its portfolio companies on its site (as part of Vision Fund 2), although it’s not noted as an investor in Oda’s newest financing.
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.
” Schepker is confident that the company made the right decision, something the team was able to do because Babbel is well-funded and has plenty of cash in the bank, as well as other financing options to continue to invest in its products and make acquisitions as opportunities arise. Image Credits: Babbel. . Image Credits: Babbel.
million in funding — $15 million of which was raised in a Series A led by Menlo Ventures and $3.4 This is also at least the fourth construction tech company I’ve written about in the past year with a female co-founder. ” Funding across the globe.
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