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It might be everyone’s dream to move to Portugal. Like in neighboring Spain, the country was hit hard with a headache-inducing unemployment rate that was concentrated primarily on Portugal’s youth. Beautiful beaches, amazing food, and weather. Its vibrant startup scene is now another reason to add to the list.
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).
QuintoAndar is taking its first steps out of Brazil to open a technology hub in Lisbon, Portugal aimed at attracting technology talent across the pond. The move comes six months after the company raised $300 million in Series E funding that valued the company at $4 billion. billion and over $700 million raised in total, Braga said.
Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund, where he works with portfolio companies to help address priorities, with a focus on internationalization and HR. Funding and activity were centered in a couple of markets and there were just a few growing companies gaining interest. Rhys Spence.
million seed round led by Indico Capital Partners , alongside the Social Innovation Fund in Portugal (SIF) and previous investors. Rui Ferreira, vice president at Portugal Ventures, said: “In 2017, when Portugal Ventures invested in Nutrium’s pre-seed round, the company was mainly present in two markets. and the U.K.,
million) from food tech investor Five Seasons Ventures , extending its previous Series A to €8 million, and total funds raised to date to €10 million. Five Seasons Ventures joins previous investors Indico Capital Partners, All Iron Ventures, Portugal Ventures and Shilling Capital. which has raised $28 million.
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.
To whit, Impress , a Southern European player in direct-to-consumer orthodontics, has raised a $50 million Series A funding round led by CareCapital (a dental division of Hillhouse Capital in Asia), along with Nickleby Capital, UNIQA Ventures and investors including Michael Linse, Valentin Pitarque, Peter Schiff, Elliot Dornbusch and others.
Enact more tax breaks and funds for startups. An example of a great startup incentive took place in Portugal, where tax reductions were offered to companies that hired unemployed workers or students.
Jscrambler , a Portugal-based startup specializing in cybersecurity products that protect organizations against web data exfiltration attacks, has secured $15 million in Series A funding. million in seed funding, was led by Ace Capital Partners and backed by existing investors Sonae IM and Portugal Ventures.
Mubadala Investment Company is leading the founding round with Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital and Tiger Global also participating. That’s why these instant delivery startups have been raising mega rounds of funding. Germany, France, Italy, Spain, Netherlands, Portugal and the U.S. “We
It lets you send and receive international payments, and exchange funds in multiple currencies. Revolut extends Series D round to $580 million with $80 million in new funding. Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Poland, Portugal, Spain and Sweden.
Today, it’s Mozilla’s turn to solidify its investment endeavors via a new dedicated $35 million VC fund targeted at early-stage startups. More recently, Mozilla joined a $900,000 pre-seed funding round into password management startup Heylogin. “We’ve taken a lot of inspiration from funds like these.
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. Stage 2 Capital launches $80M Fund II targeting B2B software startups. Gloat nabs $90M to build AI-powered internal jobs marketplaces.
We also want to enable European venture capital with European funds, European knowledge and European teams Cédric O. During the Portuguese Presidency of the Council of the EU, Portugal announced that it would go one step further and create the European Startup Nations Alliance (ESNA). Let’s start with late-stage funding.
We’ve already gotten feedback on this overview of subscription pricing models , and a look back at 2020 funding rounds and exits among Israel’s security startups was aimed at our new members who live and work there, along with international investors who are seeking new opportunities. Tocha, partner, Olisipo Way.
Notably this is not the largest funding event that the Portugal and U.S.-based The new funds put OutSystems on an IPO path, we reckon; the company declined to discuss public market plans with TechCrunch. Finally, how competitive is the low-code market that OutSystems’ is now taking on with fresh funding?
The funding is a $154 million equity round from investors including returning investors Andreessen Horowitz and Premji Invest, and a $150 million structured financing deal from Coatue. TripActions , a corporate travel and expenses company, has raised a combination of equity and debt at a post-money valuation of $9.2
Australia and Portugal — like Africa, home to other major, global agricultural economies — and operates in 18 countries across Africa, the Americas, Europe and Australia. . For Aerobotics, it raised $600,000 from 4Di Capital and Savannah Fund as part of its seed round in September 2017. It has offices in the U.S.,
million (€32 million) funding round. Portugal’s Faber reaches $24.3M for its second fund aimed at data-driven startups from Iberia. Bizay , a marketplace for small-to-medium-sized businesses allowing them to create highly customized products (such as merchandise), has raised a $38.6
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.
Some of the startup’s existing investors are investing once again, such as Cathay Innovation, Eurazeo, Bpifrance’s Large Venture fund, Seaya Ventures and Picus Capital. Overall, it has raised $211 million (€185 million) in traditional equity funding rounds. The company recently expanded to other markets.
Cubyn , the Paris-based logistics startup that lets e-merchants outsource fulfilment and delivery logistics, has raised another €35 million in funding. Existing backers DN Capital, 360 Capital, Bpifrance Smart Cities fund and BNP Paribas Développement followed on. and Germany.
This latest round is being led by TPG, with Permira’s Growth Opportunities Fund, Neuberger Berman Funds, and Cap Table Coalition also participating. It also has operations in Portugal and the U.K. Some of the funding will be used, Purcell said, to continue breaking into more markets.
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.
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.
But restrictions were lifted, VC funding dried up and some cities put some restrictions on dark stores. Germany, France, Italy, Spain, the Netherlands and Portugal. The German startup acquired Frichti before it became harder to raise funding rounds. It operates in the U.S. and the U.S.
A relative newcomer vying for a slice of the market is Amplemarket , based in San Francisco and Portugal, which today announced that it raised $12 million in back-to-back seed and series A funding rounds. ” Amplemarket’s series A was co-led by Comcast Ventures and Portugal-based Armilar Venture Partners.
French startup Younited Credit has raised a $170 million funding round. France is still the company’s leading market as Italy, Spain, Portugal and Germany represent 40% of Younited Credit’s revenue. Goldman Sachs is leading the round with existing investors Eurazeo, Bpifrance and AG2R La Mondiale also participating.
StudentFinance , a European fintech that funds educational programs for individuals through so-called income share agreements , has raised €39 million ($41 million) in a Series A round of funding. The platform and financing is currently available in Spain, Portugal, and the U.K., where it soft-launched last year.
The company has now raised €20 million ($24 million) in a Series B funding round led by Eulero Capital, with the backing of FG2 Capital and reinvestment from Milan Investment Partners SGR. Founded by Matteo Pichi and Vittoria Zanetti, Poke House has opened 30+ stores in Italy, Portugal and Spain, and now has 400 employees.
million pre-seed investment round from several noted and prolific angels and entrepreneurs, including Taavet Hinrikus (TransferWise), Greg Marsh (OneFineStay), James Meekings (Funding Circle) and Pete Cashmore (Mashable) — with a third of the fundraise also coming from female investors. Flown has now closed a $1.5
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. Our first trip was to Italy and then the next two were to Portugal.” The company has raised $20 million in funding to date.
Fleet is a bootstrapped startup and hasn’t raised any VC funding. The company is looking at Portugal, Italy, Germany and Belgium for its next markets. When a device is reaching its end of life and is sent back to Fleet, the company gives it to a nonprofit organization, sells it to a refurbishment company or recycles it.
SoftBank Vision Fund 2 and Fifth Wall are co-leading the round with participation from existing investors Luxor Capital and Guillaume Pousaz. It’s already doing some work in Portugal, and we understand France is next on the list.
Feedzai said it will be using the funds for further R&D and product development, to expand into more markets outside the U.S. — it was originally founded in Portugal but now is based out of San Mateo — and towards business development, specifically via partnerships to integrate and sell its tools.
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.
Interestingly, the lead investor in today’s funding round is Carrefour, the supermarket giant. But the company is already looking at other markets as well — Belgium, Italy, Spain, maybe Portugal or Eastern Europe countries. Headline (formerly e.ventures) is also participating in the round as well as existing investors Frst and XAnge.
That said, specialized virtual conference software is doing well, as we’ve seen with the recent $14 million funding of Spatial and others. Web Summit says it will return to an in-person conference in November 2021, in Lisbon, Portugal. A spokesperson denied the claim. These best practices maximize the value of your online events.
Today, a company focused specifically on developing AI for drones for maritime deployments is announcing a round of funding after seeing strong demand for its devices and services. It will be using the funding to hire more people, and to continue building out its technology.
million Series A funding round — bringing its total raised since January 2020, when the business was founded, to $13.6M. Investors in the round include a mix of national and international funds, including Spain’s Seaya Ventures, a new backer of Payflow and Cathay Innovation via its C.
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.
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. Last year, New York-based Blueground raised a chunky $140 million.
Lydia is starting with Portugal. The company is also slowly expanding to more countries. 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.
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