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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.
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.
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. Manara gets $3M to grow tech talent pool in the Middle East and North Africa.
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. Some companies, such as PayPal, have dropped late fees on BNPL installments.
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.
French startup Younited Credit has raised a $170 million funding round. billion at today’s exchange rate). France is still the company’s leading market as Italy, Spain, Portugal and Germany represent 40% of Younited Credit’s revenue. The company offers several credit products to European consumers. billion in credit ($2.8
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. Image Credits: C.J.
The company is primarily active in Spain and Mexico, where it currently has a run rate of 2,400 properties acquired. As a point of comparison, that is 600 up on the 1,800 run rate Clikalia disclosed only one month ago when it raised $518 million ($70 million in equity; the rest in debt) to scale the business.
Fleet is a bootstrapped startup and hasn’t raised any VC funding. million (€12 million) at its current run rate. The company is looking at Portugal, Italy, Germany and Belgium for its next markets. But it’s been growing nicely as the company is expected to generate an annual turnover of $13.1
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.
The average startup fails at 20 months with $1.3million in funding according to CB Insights , who surveyed a group of failed/acquired startups. With huge unemployment rates in countries like Spain, Greece and Portugal, coupled with risk-averseness and impractical education this leads to a circle of hopelessness. Don’t risk it!
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. broadband and electricity), taxes and everything you would normally get with a nightly rate in a hotel. The Ukio platform. Image Credits: Ukio.
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.
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.
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. The company is also slowly expanding to more countries.
Jobandtalent says the latest funds will be used to accelerate its expansion in key markets, including the US — its most recent focus. We are just starting to grow in the US, and this round of funding will help us accelerate those plans and become market leaders there as well,” the startup told us.
Y-Combinator- backed Localyze has nabbed $12 million in Series A funding led by Blossom Capital for a SaaS that supports staff relocations and hiring across borders. The startup says it’s been seeing growth rates hitting, on average, more than 30% month-on-month, as employer demand for its services accelerates.
Led by Atomico, the round also included GIC as well as past investors Tiger Global, CRV, K-Fund and Creandum. ” The company says that since 2019, it’s been growing at over 200% annually with no sign of that rate slowing down with the hit, or in the slow aftermath, of the COVID-19 pandemic.
Clikalia is currently at a run rate of over 1,800 properties acquired, which represents 7x to 8x growth versus a year ago. Today, it operates in Spain and Mexico, with plans to open in Portugal in January 2022 and expand across Europe over time. . It also has a team of over 600 people.
So this generated a lot of uncertainty for investment funds to come to Spain. When you have this legal certainty and a tax treatment that is reasonable, you want to have more VC funds than others coming to Spain and accelerate the investments that we need in Spain in order to close the gap with other European countries.
” There’s money on the table too: Spain will be routing a portion of the “Next Generation EU” coronavirus recovery funding it receives from the pan-EU pot into this “entrepreneurial” push. And that sometimes the public sector makes the investment that not even the riskier of venture capital funds can do.
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.
The operational run rate right now… we’re pretty close to break even.” “Our In a series of tweets, Musk addressed creators’ concerns over things like the types of accounts that were eligible for monetization, rate limits and other issues. cat a were labeled “government-funded media” weeks later.
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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