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I spent the past few days in the beautiful city of Lisbon, Portugal, to attend the annual Switch Conference and gain some insights into the Portuguese startup ecosystem (and to enjoy several local seafood dishes and pastries).
With immediate access to homegrown apps on their new smartphones, people can find services that are directly relevant to their needs (like local food delivery and Wi-Fi access finders). Enact more tax breaks and funds for startups. Excellent STEM teachers should be recruited, supported, and trained by new government policies.
Further evidence of this is the news that today British e-bike manufacturer FuroSystems has closed its first institutional venture funding round of £750,000 with participation by TSP Ventures and European impact investment bank ClearlySo , as well as a number of angel investors.
Tech-talent marketplace MVP Match has raised €5 million ($5 million) seed funding from Stage 2 Capital to double down its strategy for pairing companies with talent from across the globe. By setting up a local presence and working closely with the local talent, we will be able to really open up this market to our clients.
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.
Ricardo Weder , former president of Cabify (a large ridesharing company operating in Latin America, Spain and Portugal) founded Jüsto in 2019 with a mission to “disrupt the Latin American grocery industry.” Jüsto adds another $5 million in funding to build its online, delivery-only grocery store for Latin America.
But it wants to offer a product that feels like a local product with a local card and a local IBAN to increase acceptance rates. Lydia is starting with Portugal. “We’re going to try every single product — credit, savings, investment,” Chiche said. The company is also slowly expanding to more countries.
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.
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%
The round was led by Pelion Venture Partners , with participation from returning investors DNX Ventures (the Japan and US-focused enterprise fund that led Macrometa’s seed round), Benhamou Global Ventures (BGV), Partech Partners, Fusion Fund, Sway Ventures and Shasta Ventures.
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).
Ukio , a short-term furnished apartment rental platform aimed at the “flexible workforce,” has raised €27 million ($28 million) in a Series A round of funding. Ukio’s raise comes as several similar platforms have raised sizable rounds of funding. ” Ukio co-founders Jeremy and Stanley Fourteau.
For many of us, going to work these days no longer means going into a specific office like it used to; and today one of the startups that’s built a platform to help cater to that new, bigger world of employment — wherever talent might be — is announcing a major round of funding on the back of strong demand for its tools.
Led by Atomico, the round also included GIC as well as past investors Tiger Global, CRV, K-Fund and Creandum. ” (There are exceptions to this, Romero noted, due to localized needs: Payroll, for example, is available in nine markets and in each of those Factorial integrates with local companies that actually run the process.).
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. Bounce also established a European HQ in Lisbon, Portugal, last year to prep for its regional growth push.).
Chat to local founders and there’s a litany of administrative, tax-based and fundraising pain-points they’ll quickly point to as frustrations. The idea of opening up sandboxing is popular with local gig platform Glovo. So it will be something of a milestone. billion for the main measures that we want to start setting up.
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.
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.
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.
And I have my masters in philanthropy and fund development from St. And that’s when everything falls apart because then you see people have set up their campaigns wrong, their funds wrong, their appeals incorrectly. You have three things, campaigns, funds, and appeals. So that’s how I define campaigns and funds.
It’s called the TechBridge Nonprofit Exchange and it is designed to address the problem of grantmakers’ reluctance to fund infrastructure improvements for charities. Then after the project is funded, the money goes to TechBridge to implement and complete the work. The concept of the Nonprofit Exchange is that any U.S.
In one example he gives, a founder who leaves after two and a half years on a four-year plan could end up with 22% of the company even after a big new funding round, the creation of an employee stock option pool, and additional shares set aside for a replacement cofounder-level hire. Check out the whole thing on TechCrunch. billion this week.
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