This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
If you plan to launch a new startup in France, Denmark or Sweden, there is a new seed fund looking for your pitch. Emblem said today that it has raised nearly $54 million (€50 million) for a new European seed fund. He has also invested some of his own money as a business angel.
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.
Today, a startup from Gothenburg, Sweden called Juni is announcing $206 million in funding — a $100 million Series B and a further $106 million in debt — to build out e-commerce-focused neobank, designed specifically to cater to that growing group of retailers with tools to help them run their business.
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.
Sweden-based VC fund Pale Blue Dot bounced onto the scene in 2020 with a €53 million fund to help climate-focused startups. This fund grew again by €34 million in April 2021 , and after deploying investments into 28 climate-forward companies, the investor this week announced it has officially closed its second fund.
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.
It lets you send and receive international payments, and exchange funds in multiple currencies. You also can order debit cards to spend money from your Revolut account directly. Revolut extends Series D round to $580 million with $80 million in new funding. As a reminder, Revolut already offers business accounts.
Klarna , the Swedish buy now, pay later behemoth and upstart bank, has raised $1 billion in new funding at a post-money valuation of $31 billion. It has a range of licensed banking services, such as savings and current accounts, in Sweden and Germany , with more countries to follow.
The app and the company behind it have been helping people enjoy better wine since 2010, and now the startup has raised $155 million with its Series D round – a sum over twice as large as all of its previous funding to date. This brings the company’s total funding to $221 million to date. Vivino wine app in San Francisco.
This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. Spotify is spending to advertise its advertising solution so that others can spend more money on Spotify.
million in seed funding. Leading the round is Berlin-based Cherry Ventures — the first deal, I believe, from newly recruited partner Sophia Bendz, who herself is based in Sweden. Initially, Juni will make money on interchange fees (minus the cashback it offers) and by charging a subscription in the best SaaS tradition.
The Exchange explores startups, markets and money. Our perspective on the matter is hardly unique: Techstars recently announced two new programs on the continent, one in France and one in Sweden, indicating that it too sees lots to like in Europe. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.
In contrast to America, he points out how Sweden is among the most successful societies in the world from a social mobility perspective — referencing its free education and free health care, which sets up as many people as possible for success. “We didn’t have a lot of money,” he tells me.
French startup Ankorstore has raised a $283 million Series C funding round (€250 million). Founded in November 2019, it took Ankorstore around two years to reach a post-money valuation of $2 billion (€1.75 This leads us to today’s funding round. Germany, the Netherlands and Sweden. Bond and Tiger Global led the Series C.
Challenger banks have become, collectively, a force to be reckoned with in the world of financial services for consumers, and today one of the big players out of the Nordics — Lunar — is announcing growth funding along with two new services to continue filling out its ambition of providing a one-stop super app for its users.
The startup has just announced a $60 million Series B fundraise, money it aims to use to transform the way companies look at last-mile delivery. Couriers can make more money because they can do more deliveries per hour, and customers are happier because the deliveries come more quickly. ” Companies like URB-E in the U.S.
Don’t forget that the code “EQUITY” can save you money on Disrupt tickets and TechCrunch+ access. From startup-land: Ola is cutting jobs , two delivery logistics startups are merging in Sweden , and Byld Ventures is putting together a venture capital fund to watch. And it makes us here on the show look good!
The aggressive push into new markets is fueled by the $750 million Series A funding round Zeekr raised in February, which shot the automaker’s post-money valuation up to $13 billion. The funds from Zeekr’s Series A were dedicated to technology research and market expansion.
For the better part of a decade, VC firms and growth equity funds have plowed nearly $42 billion into battery technology startups across almost 1,700 deals, according to an analysis by PitchBook and TechCrunch. Too much money” might explain the size of some of these bets, but it doesn’t explain their existence. So what changed?
French startup Ankorstore has raised a $102 million Series B funding round (€84 million). Tiger Global and Bain Capital Ventures are leading today’s funding round with existing investors Index Ventures, GFC, Alven and Aglaé also participating. Germany, the Netherlands and Sweden as growth markets.
The behavior has lit up the VC world as startups roll out these relatively simple ups which turn out to be big money-spinners when this insurance angle is attached. The proceeds will be used to scale the business beyond its home base of Sweden.
MAJORITY , a mobile banking service for migrants to the United States, said on Tuesday it had raised $27 million in its Series A funding round led by Valar Ventures. The team is composed of about 45 tech and product employees based in Stockholm, Sweden, and 20-plus internal employees in the U.S., Larsson said.
His new venture, called Inrupt, wants to fix some of the mess many of those companies have made — and it’s in the market to raise money. The startup has signed contracts with governments of Sweden, Argentina and Basque. These partnerships have not been previously reported.
The Exchange explores startups, markets and money. The Wall Street Journal reports : The Sweden-based payments company is aiming to raise up to $1 billion from new and existing investors in a deal that could value it in the low $30-billion-range after the money is injected, the people said. No one likes a down round.
In the latest development, Viva Wallet , a Greek startup building banking services aimed at small and medium merchants, has picked up financing of $80 million, money that it will be using to expand its footprint and the services it offers to users, in particular expanding its Merchant Advance loans business. billion ($1.8
That’s good news for web3 music company AnotherBlock , based out of Sweden. Traore, Sebastian Ljungberg, and Filip Strömsten in 2022, the blockchain-based marketplace for music has now raised a €4 million funding round led by UK-based Stride.VC. Because, so far, no-one has come up with a better way to prove you own something.
Anna To SVB and back The Exchange recently noted how Sweden was punching above its weight in terms of startup dollars raised per capita. Ironically, Ben-Tovim found himself in the position of moving money back to Israel in a rush before the banking entity collapsed. We talked to one of them, MDI Health CEO Avishai Ben-Tovim.
With fragmented and unresolved distribution and digital payments ecosystems, game studios have found it difficult to serve African consumers and make a ton of money doing so. “For global studios, this is the difference between making money and not,” Robbin-Coker added. . million seed investment.
We charge for the sensor, but we’re not really trying to make any money on the hardware side. This business model change is what’s really enabled this funding round as well. Sweden, France and Spain. . “W e are more like a SaaS platform, and we charge a monthly fee per property. It has offices in the U.S.,
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.
FinanZero , a Brazilian online credit marketplace, announced today that it has closed a $7 million round of funding – its fourth since it launched in 2016 was founded in 2016. The funding will go toward marketing – most of which will be on T.V. It has raised a total of $22.85 million to date.
The Exchange explores startups, markets and money. Klarna, based in Sweden, is said to be considering a direct listing. This morning, to better understand what’s going on with the younger companies hoping to help you finance your next mistaken purchase, let’s check out earnings results from Klarna, Afterpay and Affirm.
Founded in 2013 (or 2014 depending on the source), the Chicago-based company has raised over $82 million in funding over its lifetime from investors such as FinTech Collective and Oak HC/FT , according to Crunchbase. Fundings across the globe. This is interesting because both Palantir and Founders Fund were co-founded by Peter Thiel.
In contrast to America, he points out how Sweden is among the most successful societies in the world from a social mobility perspective — referencing its free education and free health care, which sets up as many people as possible for success. “We didn’t have a lot of money,” he tells me.
Existing investors including Atomico, DN, Infravia, Kibo and Quadrille also participated in the round — which the startup said values its business at $2.35BN (post-money). Jobandtalent says the latest funds will be used to accelerate its expansion in key markets, including the US — its most recent focus.
In May, the company raised $110 million to help fund its U.S. expansion, bringing its total funding to $150 million. You’re either crazy, or if you’re in it for money, you’re not going to get there, because there are much easier ways to make money. Einride launched its U.S. ” Robert Falck.
For this week’s Pitch Deck Teardown, I’m (virtually) traveling to Sweden to take a look at the $3 million seed round raised by developer tool startup Encore. The company is creating what it calls a software development platform for the cloud. Clear value proposition. Slide 12] Encore’s value proposition is extremely clear.
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. Wise Business cards and sending money with a link. The Netherlands and Sweden in May 2022. Every week, I’ll take a look at the hottest fintech news of the previous week.
To fund development of the marketplace, the team has raised around $4 million in total to date — mainly comprised of a $3.6M Alfred is from a small village in the middle of nowhere in Sweden, I grew up in an immigrant family, and Sam is a working class bloke from Leeds. And we had fairly little exposure to opportunity.
This round comes after a previously unannounced $5 million seed round which closed earlier this year, bringing the company’s total funding up to $17 million. Anomaly will use the funds to grow the team (the company currently has 12 employees), and scale up their business by partnering with more insurance companies and healthcare systems. .
Our goal at Salesforce.org in delivering our own nonprofit trends report each year is to better understand: the role nonprofits have in serving their communities, what’s shifting within the nonprofit space, mental health and wellbeing, and how technology supports an organization’s ability to fund and run their missions across departments.
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. But in today’s environment, where investors are pulling back and venture funding has slowed considerably, a $315 million raise stands out. Fundings and M&A. The Washington, D.C.,
French startup Back Market — a marketplace for refurbished electronics goods — has raised a $335 million Series D funding round led by General Atlantic. Today’s funding round values the startup — which says it now has 5 million customers globally — at $3.2 It will be using the funding to expand into new markets.
Memmo.me , a startup allowing users to pay celebrities for personalized video messages, is announcing that it has raised $10 million in Series A funding. He added that celebrities are embracing this as a new source of income. “It’s all about using localization to help you find who’s most relevant for you, wherever you are.”
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content