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Marketing automation startup Retail Rocket nabs $24M for expansion

TechCrunch

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. “The digital marketing world is growing very fast and the demand for highly-skilled professionals is constantly increasing,” CEO Khlebinsky said.

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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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Receeve, a debt recovery and collection platform, takes total funding to $16M with ABN AMRO

TechCrunch

Back in May this year, Receeve , a no-code SaaS startup that makes it easier for companies to collect and recover debts (such as overdue claims) increased their seed funding to $13.5 million with venture capital funds Seaya Ventures and 14W. Existing backers Mangrove, Speedinvest and Seedcamp participated in the expansion round.

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European startups elude global VC funding slowdown in Q1 2022

TechCrunch

VC funding into Europe (including the U.K.) But Europe isn’t the only place where VC funding didn’t decline. The Exchange explores startups, markets and money. It is also worth noting that Europe accounts for a much larger portion of global funding than Africa. Asia, and Latin America. Data overview.

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Japan’s Terra Drone lands $70M Series B funding to accelerate global expansion 

TechCrunch

The latest round, which brings its total funding raised to $83 million, comes approximately a year after raising $14.4 The funds will also be used to acquire companies in those regions, said Seki, who did not disclose the company’s valuation. The company also could raise another funding before its IPO, Seki added.

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Berlin’s Gorillas lays off 300, explores ‘strategic options’ in 4 countries as funds dry up for its $3B instant grocery play

TechCrunch

” Going forward, it will focus instead on its home market of Germany, as well as France, the Netherlands, the UK and the US, which it says collectively account for 90% of its revenues currently.The announcement came on the heels of a report in the German press last night about the layoffs. Apparently others have also looked. (It’s

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Daily Crunch: Citing ‘global market uncertainties,’ Sea flatlines Shopee India

TechCrunch

While the announcement follows India’s decision to ban Sea’s popular title “Free Fire” in the country last month, TechCrunch reports that the company is insisting the reason is “global market uncertainties.” There’s still money flowing, and funds that raised huge capital pools still have to allocate it, slowdown or not. Big Tech Inc.

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