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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). The good news is that it doesn’t really matter.
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.
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. Manara gets $3M to grow tech talent pool in the Middle East and North Africa. Gloat nabs $90M to build AI-powered internal jobs marketplaces.
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) 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.
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.
The Brazilian government should bring in top talent to inspire, teach, and cultivate relationships with the energetic crop of young tech startups already in Brazil. Enact more tax breaks and funds for startups. Give young startups a global experience.
And the French government is taking advantage of this opportunity to make some progress on the tech startup policy front. In an interview with TechCrunch, France’s digital minister Cédric O shared some news for the European tech ecosystem. New financial incentive to create 10 to 20 large VC funds.
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.
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.,
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.
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.
The food tech industry is effectively now going into fast food. Both employ a lot of tech in their back-end to improve efficiencies. 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.
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.
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.
Sources say Web Summit, the giant tech conference company that specialized in very large gatherings in cities like Lisbon, is poised to spin out its Hopin-like proprietary conference software as an independent startup. Web Summit says it will return to an in-person conference in November 2021, in Lisbon, Portugal.
SoftBank Vision Fund 2 and Fifth Wall are co-leading the round with participation from existing investors Luxor Capital and Guillaume Pousaz. This is SoftBank’s first property tech investment in Europe, although it’s no stranger to the iBuyer model.
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.
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.
To meet this rising demand for “more advanced” cross-channel surveillance, Shield announced Thursday it has raised $20 million in a Series B round of funding. Its previous backer Macquarie Capital led the round alongside UBS Next , a venture fund from Swiss bank UBS, and existing investors such as Mindset Venture and OurCrowd.
Led by Atomico, the round also included GIC as well as past investors Tiger Global, CRV, K-Fund and Creandum. But ironically, the world of employment has had another focus — as a problem for tech startups to tackle. The tech investment market, and the tech market overall, has undoubtedly been contracting this year.
And while its share price is being hammered at the moment in a wider downturn for tech stocks overall, it’s a strong enough concept that it’s inspired a number of others to follow in its footsteps. The funding is coming in the form of a €100 million Series D and €300 million in debt to buy up and fix up properties.
Give yourself a pat on the back — and then go read the rest of this issue of Week in Review, TechCrunch’s newsletter summing up the past seven days in tech ( sign up here to get it directly in your inbox every Saturday). Alex writes that venture funding events worth $100 million or more are going extinct — quickly.
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. “With the funding, we want to accelerate our expansion in the UK, Ireland, Netherlands, Portugal & Spain, besides our core market Germany.
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.
Fresh off the launch of a new product designed to measure engineering performance metrics, Lisbon-based Codacy has closed a $15 million Series B funding round led by Bright Pixel Capital, the corporate VC of one of Portugal’s biggest employers, the Sonae Group. To date, Codacy has raised $28 million.
Virtual Reality (VR) has struggled to transition too far beyond gaming circles and specific industry use-cases such as medical training , but with the burgeoning metaverse movement championed by tech heavyweights such as Meta , there has been a renewed hope (and hype) around the promise that virtual worlds bring. hub in Gateshead.
The package of support looks substantial — covering key areas like tax breaks for investors, talent incentives like stock options and a new digital nomad visa to attract international tech workers, among other measures aimed at cutting red tape and shrinking the time and cost of starting up in Spain.
Interestingly, Fifth Wall is also an investor in Opendoor as well as Loft, a Latin American real estate tech unicorn. Today, it operates in Spain and Mexico, with plans to open in Portugal in January 2022 and expand across Europe over time. . Deutsche Bank provided the nearly $450 million in debt financing. Luxor has invested in U.S.
” To fuel the expected boom in growth, Bounce is announcing close of a $12 million Series A round of funding, led by Andreesen Horowitz. Other investors participating include General Catalyst, who led a seed round of funding, announced back in December 2021. in early funding later that year.
” 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. “This is working well in financial services but could be applied across a wide range of tech areas.”
Twitter is being evicted from its Boulder office Court documents show that Twitter owes three months’ rent to its Boulder landlord, and a judge has signed off on evicting the tech giant from that office. The app even appears to have deleted its web page explaining the “government-funded media” labels.
When I started getting involved in clean tech 1.0 To tackle the crisis, capital must flood in and even more so than in the past few encouraging years, during which climate tech VC investment increased 40x between 2013 and 2019. We need the same urgency applied to climate tech. Not investing in climate tech is inexcusable.
Lisbon’s startup scene rises as Portugal gears up to be a European tech tiger. The letter welcomes the EU’s Startup Nations Standard, in particular its specific recommendations to Member States on “changes to stock options rules designed to help startups attract talent, speed up tech visas targeting and procurement.”.
The tech support nonprofit, TechBridge in Georgia, has launched the first crowdfunding platform for nonprofit technology projects. It’s called the TechBridge Nonprofit Exchange and it is designed to address the problem of grantmakers’ reluctance to fund infrastructure improvements for charities. Earlier this month the U.S.
FlixMobility , the parent company of the FlixBus coach network and the FlixTrain rail service, has closed more than $650 million in a Series G round of funding that values the Munich-based company at over $3 billion. ” The company put safety measures in place, and even expanded some routes in select countries like Portugal and the U.K.,
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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