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Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli. Next stop, Norway.
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. The next step is a proper seed fund with more capital. We are going to have an exclusive focus on seed.
VC funding into Europe (including the U.K.) But Europe isn’t the only place where VC funding didn’t decline. It is also worth noting that Europe accounts for a much larger portion of global funding than Africa. Sweden: $775 million across 94 deals, up 5% and down 19%. Asia, and Latin America. Data overview.
Volvo Cars Tech Fund invested $2 million into o ptics and imaging developer Spectralics , funds it will use to accelerate the development of its optical film that the company says could make cars safer and provide a better user experience. The new funding now brings the Israel-based startup’s total raised to $5 million.
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.
Core CMP members include the African Wildlife Foundation, The Nature Conservancy, Wildlife Conservation Society, and World Wide Fund for Nature/World Wildlife Fund.
million in seed funding, capital it will use to further develop its technology and expand its operations in Europe and in the U.S. That proposition appears to already be resonating with customers, which include the three largest utility companies in Sweden jointly representing 85% of the Swedish market. Image Credits: Skyqraft.
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 funding round — Northvolt’s largest thus far — was co-led by existing investors Goldman Sachs and Volkswagen, and new investors including the Swedish pension funds AP1-4 and OMERS, one of Canada’s largest pension plans. Swedish battery developer and manufacturer Northvolt AB has raised $2.75
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.
-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.
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.
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. And from Sweden, EV company Polestar may go public via a SPAC , as EV company Cake raises $60 million.
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 presence in Sweden will now also serve as Bolt’s European headquarters to go with the company’s recent announcement of expanding into Europe.
Chunk was initially launched with restaurants and chefs in Sweden. The new funding will enable the company to focus on R&D, to build out a pilot plant and to move into a new headquarters building next year in Stockholm. The company also looks to expand out of Sweden and into the U.S. “We
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.
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.
The startup has signed contracts with governments of Sweden, Argentina and Basque, TechCrunch reported earlier. The startup will deploy the funds to “expand its global footprint of Solid deployments in both the government sector and the commercial sector,” said Hartwell. Inrupt’s customers include governments and enterprises.
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.
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. Throw in notable IPOs, including Truecaller this morning , and you have to keep at least one eye on Europe.
Numan , the European subscription service covering erectile dysfunction (ED) and men’s wellness/health needs more generally, has raised $40 million in a Series B funding round led by White Star Capital , with participation from existing investors Novator, Vostok New Global, Anthemis Exponential, Colle Capital and new investor Hanwha Group.
Image Credits : Einride Pods Founded out of Sweden in 2016, Einride garnered attention in the European mobility space for its cabless self-driving cargo truck that can be controlled remotely by human operators when needed. Image Credits: Einride Although these “ pods ” are being piloted commercially in Sweden and the U.S.,
The Sweden-based company’s product combines visual canvases with documentation to help professionals and teams go from idea to presentable work on the same screen — think Miro meets Notion meets a slew of other tools companies use to keep their knowledge in one place and their projects pointed more or less in the right direction.
The funding from Tencent and other undisclosed investors amounted to “hundreds of millions of yuan” ($1= 6.55 ” Registered in China, FJ Dynamics claims to have R&D centers in China, Sweden and the Netherlands. yuan), Tencent said in an announcement on Tuesday. . “In the U.S.,
Sweden-based fintech Tink has also been dominant across Europe, while Truelayer and Belvo are holding the fort in the UK and Latin America. With wide and deep investor backing, Stitch will use the funding to consolidate growth in South Africa. Other investors who took part include both funds and angels.
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.
Fawzi, Samir and Nacoud knew each other from Iraq and studied together in college in Sweden, which is where they met Steiner. PideDirecto is making it simple and cost effective for brands to build a scalable direct to consumer sales channel within minutes,” Justin Mateen, founder of JAM FUND, said via email. “I
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. for both online and offline commerce, after claiming to have found product-market-fit.
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. Founded in November 2019, it took Ankorstore around two years to reach a post-money valuation of $2 billion (€1.75 Bond and Tiger Global led the Series C.
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.
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. It tells us that the company is not burning that much cash — a useful thing to know ahead of an anticipated IPO filing coming this year.
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.
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. As we found during the pandemic, food and beverage distribution is critical, but most food wholesalers’ sales remain manually operated.
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.
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 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.”.
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.
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.
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.
Webrock Ventures is a Sweden-based investment company that employs a venture-building model. So essentially, the firm partners with tech companies in Sweden and combines its cash with the company’s business models to create portfolio businesses. As a Sweden-based telehealth company, Doktor.se
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.
” 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. .” ” Companies like URB-E in the U.S.
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. The Netherlands, Ireland, Sweden and Slovenia will follow suit with passenger cars in 2030, as will Denmark and the U.K.
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