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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.
Juni , a Swedish pre-launch startup that’s building a banking app and platform for e-commerce and online marketing entrepreneurs, has raised just over €2.1 million in seed funding. making the need for singular platforms to support such e-commerce businesses all the more necessary,” says Cherry Ventures’ Bendz.
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. Clustree was a talent management and HR platform that was acquired by Cornerstone OnDemand.
Addressing this, Cerve , a Sweden-based food tech startup, has raised a $2 million seed round for its infrastructure platform that claims to automate wholesalers’ sales operations. Post-COVID, food wholesalers are fast digitizing their operations, but many still rely on legacy backend systems.
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.
Based in Stockholm, Sweden, Tink operations should continue as usual after the acquisition. As you may have guessed, it greatly simplifies the adoption of open banking features. 300 banks and fintech startups use Tink’s API to access third-party bank information — clients include PayPal, BNP Paribas, American Express and Lydia.
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.
Payments made a huge shift to digital platforms during the COVID-19 pandemic — purchasing moved online for many consumers and businesses, and a large proportion of those continuing to buy and sell in-person went cash-free. Apple lowers commissions on in-app purchases for news publishers who participate in Apple News. “We
San Francisco-based Bolt is fresh off of raising $393 million in Series D funding in October, bringing total capital raised to date to $600 million. Tipser’s technology enables consumers to purchase products natively from sites like online publications, mobile marketplaces, price comparison sites, social media platforms or search engines.
-based fintech that provides finance for small businesses as an alternative to a traditional bank loan or extended overdraft , has replenished its own coffers with £70 million in funding. It brings the total funding raised by Liberis to £200 million, including more than £50 million in equity funding. and the U.K.
Inrupt — founded by the creator of the standards of the world wide web, Berners-Lee, and technologist John Bruce — is attempting to “reshape the internet” by building a platform that gives users control of their data. The startup has signed contracts with governments of Sweden, Argentina and Basque, TechCrunch reported earlier.
Autonomous and electric truck maker Einride is rolling into Germany, representing its first new market in Europe outside its native Sweden. Founded out of Stockholm in 2016, Einride has raised some $150 million in funding to commercialize a cab-less autonomous cargo truck, one that can be controlled remotely, if required, by human operators.
deployment will be in partnership with PepsiCo snack-food subsidiary Walkers, which will use Einride’s trucks and platform to deliver goods between the cities of Leicester and Coventry, which it says will help it cut fossil fuel-powered transport by 250,000 miles each year. Einride said that it’s looking to target the 1.6
Open source password management platform Bitwarden has made its first known acquisition, snapping up a fledgling Sweden-based startup called Passwordless.dev , which specializes in helping developers integrate passwordless authentication technology into their software.
Zaver , a Swedish fintech that enable merchants to accept cardless payments and offer buy-now-pay-later (BNPL) as an option, has raised $5 million in new funding. Its target market is “durables,” starting in Sweden. seed for its P2P payments platform. Swedish fintech Zaver has raised $1.2M
PideDirecto , a Mexico-based company, is developing a platform that enables local businesses in Latin America to sell directly to their consumers and deliver orders in less than 30 minutes. Fawzi, Samir and Nacoud knew each other from Iraq and studied together in college in Sweden, which is where they met Steiner.
French startup Ankorstore has raised a $283 million Series C funding round (€250 million). This leads us to today’s funding round. Germany, the Netherlands and Sweden. And like all social networks, there are some strong network effects as the platform gets bigger. Bond and Tiger Global led the Series C.
The cash injection constitutes an equity-based $200 million Series C portion from backers including Northzone, EQT Ventures, Temasek, Swedish pension fund AMF, Polar Structure, and Norrsken VC. These vehicles are already available to shipping companies and carriers in Sweden and in the U.S. Expansion drive.
There is a real opportunity for digital healthcare platforms to scale access to team-based care across the region. The pandemic has seen such platforms scale globally, and Africa is not exempt. Webrock Ventures is a Sweden-based investment company that employs a venture-building model. has no intention of expanding.
” Half of Zoomo’s $60 million funding comes from equity led by Grok Ventures, Skip Capital and ArcTern Ventures, and supported by AirTree Ventures, Clean Energy Finance Corporation, Contrarian Ventures and Maniv Mobility. And we really think that that’s going to change fundamentally to being Zoomo vehicles in the future.”
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. Combined, Klarna is processing over 1 million transactions per day through its platform.
Sweden-based fintech Tink has also been dominant across Europe, while Truelayer and Belvo are holding the fort in the UK and Latin America. In 2017, Kiaan Pillay worked as the head of operations for South African insurance API platform Root. Other investors who took part include both funds and angels.
Cloud-based human resource (HR) platform HiBob today announced that it has raised $150 million in a Series D round of funding at a $2.45 billion valuation. This represents a nearly 50% increase compared to its Series C valuation round just 10 months ago , when it also raised $150 million.
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.
In line with that trend, today a startup out of Denmark called Ageras Group , which has built a dual-purpose platform, providing both accountancy software and a marketplace for small and medium businesses to find accountants, is announcing a round of growth funding to expand its business. Sweden, Norway, Holland and Germany.
The idea is to maximize learning, fast, and investors liked it enough to provide Speach with $14 million in funding. What that six-year-old outfit, Speach , sells is essentially knowledge-sharing between colleagues via videos produced by the employees themselves, often to augment written instructions.
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. 50,000 shops are buying stuff through the platform.
Kickstarter is letting more creators around the world use its platform. Additionally, creators from Poland, Denmark, Norway, Sweden, and Switzerland can now choose to fund their projects in their local currency or in euros. Live projects on the platform, at least in April, had dropped 35 percent.
The proceeds will be used to scale the business beyond its home base of Sweden. We are now looking to bring more products to market and take our preventive pet insurance beyond Sweden.”. Olsson told me: “We’re all transforming Pet Insurance to become more digital, empathy-driven, and seamless.
The startup, which counts Akamai Technologies and Glasswing Ventures among its investors, says it is attempting to “reshape the internet” by building a platform that gives users control of their data. Inrupt has built a platform where users can store their personal data in something called a POD (Personal Online Datastores).
For example, Royal launched an NFT-based music platform which allowed fans to buy and sell tokenised ownership of songs. In theory, the ire for these types of platforms might have cooled since those heady days of the crypto boom. That’s good news for web3 music company AnotherBlock , based out of Sweden. Founded by Michel D.
Carry1st is a mobile games publishing platform fixing this problem, and today it is announcing the close of its $6 million Series A round. The firm is known for its investment in the video gaming industry’s infrastructure, technology, tools and platforms. This month last year, we reported that the company had just raised a $2.5
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.
“W e are more like a SaaS platform, and we charge a monthly fee per property. This business model change is what’s really enabled this funding round as well. “On top of the sensor, we are able to build this SaaS platform — we wouldn’t be able to do that if we didn’t have the data underneath.”
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 the latest development, Annotell , a startup out of Sweden that makes software to assess the performance of autonomous systems’ perception capabilities, and how to improve that, is today announcing that it has raised $24 million to expand its business. We guide our customers on how to improve it.”
Jobandtalent says the latest funds will be used to accelerate its expansion in key markets, including the US — its most recent focus. “ Jobandtalent is by far the largest job platform in Europe. The startup touts an average NPS score for workers on its platform of 56 vs an industry average that it says stands at just 18.
Founded in Gothenburg, Sweden in 2016, Minna enables customers to manage subscription services via their existing bank’s app. The platform can also notify customers when a free trial is about to end and facilitates utilities switching, allowing them to find better deals. It has now raised $18.8 million (€15.5
The likes of Sweden , Denmark , and the U.K. It’s about solving very specific pain points, reducing fragmentation, and serving as a single platform for everyone to connect and communicate. “The platform is used by multiple actors, from riders to hub operators, fleet managers and heads of operations.”
In May, the company raised $110 million to help fund its U.S. expansion, bringing its total funding to $150 million. We sat down with Falck to talk about Einride’s strategy for scaling revenue, the need for autonomous vehicles to be built on electric platforms and why the future is in startups’ hands.
Swedish startup PocketLaw — a contract automation software-as-a-service legal tech platform which is mainly focused on SMEs — has pocketed €10 million (~$11M) in Series A funding led by European VC firm, Atomico, to fuel expansion in Europe. Juro draws $23M into its browser-based contract automation platform.
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.
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. Combined, Klarna is processing over 1 million transactions per day through its platform.
Berlin-based Mayd has spied an opportunity to build out a medicine delivery platform in Europe which partners with the small-scale pharmacies that tend to be the norm on the continent, capitializing on how the pandemic has generally accelerated demand for on-demand delivery. “Most of the US companies they are pharmacies. .
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