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From ‘literally zero’ experience to $100M, this VC is raising his second climate tech seed fund

TechCrunch

If you ask me, climate tech investor Contrarian Ventures isn’t so contrarian anymore. The five-year-old firm is targeting $100 million for its second seed-stage fund, and it’s doing so smack in the middle of a climate-tech dealmaking boom. So, if anything, it’s trendy. billion in value.

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Railsbank, the Banking-as-a-Service, raises $37M in growth funding

TechCrunch

Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. To that end, Railsbank’s credit card as a service offering means that any company can offer a branded credit card using the fintech’s infrastructure and tech. It has offices in 11 locations: Santa Monica (U.S.),

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After lockdowns boost gaming marketplace Eneba, it raises $8M from Practica and InReach

TechCrunch

Eneba , a marketplace for gamers that sells games and other products, has raised an $8 million round of funding from Practica Capital and InReach Ventures. The funding is described as a “combination” of a seed and Series A round. traffic.

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France’s strategy for EU startup policies: Talent and money

TechCrunch

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.

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SumUp raises $895M in debt to double down on its B2C payments business

TechCrunch

The funding is coming from Goldman Sachs, Temasek, Bain Capital Credit, Crestline and funds managed by Oaktree Capital Management. To date, it’s one of the biggest financings, debt or otherwise, for any startup (that is, any privately-backed tech company) in the region.

Business 120
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Montonio is building the payment and checkout solution to rule them all

TechCrunch

The company just raised a $12 million Series A funding round (€11 million) led by Index Ventures. It wants to become the only tech partner you need to run a small and medium e-commerce shop. Montonio currently supports all major banks in Estonia, Latvia, Lithuania and a few major banks in Finland.

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Revolut revenue grew by 57% in 2020

TechCrunch

Like many tech companies, administrative expenses are responsible for this loss. We launched 24 new retail and business products, expanded into the US, Japan and Australia and launched banking services in Lithuania, all while significantly improving our profitability,” founder and CEO Nikolay Storonsky said in a statement. “We