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Snoop Dogg, rocked the stage at Sunday’s Super Bowl, and now his Casa Verde Capital team is pumping new funds into Frankfurt-based Cansativa Group , touted as the “largest medical cannabis distributor” in Germany. It also distributes equipment and ancillaries to pharmacy customers throughout Germany. to the table,” Sons said.
Today it announced it expanded into Germany and raised a drawer-full of cash to expand its marketing and to reach into additional European countries. They upload a floor plan and take some photos, and Pabio generates a 3D model of their apartment, furniture and all. Previously, Pabio raised a $1 million pre-seed round.
French startup ManoMano has raised a Series F funding round of $355 million led by Dragoneer Investment Group. So why did the company raise given that it’s already in a strong position to replicate the same model in other European markets? In addition to France, the startup operates in Spain, Italy, Belgium, Germany and the U.K.
Sennder , a large digital road freight forwarder based out of Germany, has raised $160 million in Series D financing. To date, Sennder has raised more than $260 million, allowing it to lay claim to a potential $1 billion valuation. Digital freight forwarder Forto raises another $50M in round led by Inven Capital.
Car subscription platform Finn has raised $110 million in equity to expand in the U.S. The funding, which brings Finn’s valuation to “more than $500 million,” comes at a time when consumers are starting to shift away from traditional car ownership models like leasing or financing.
Thus, the buy now, pay later business model is now expanding into this B2B world at a rate of knots. Playter has raised backing to do this, as has Hokodo, Billie and Tranch, to name a few other players. But in Germany, B2B Payments company Mondu has emerged as a significant entrant to the market. has raised $5.6
Fintech startup StudentFinance — which allows educational institutions to offer success-based financing for students — has raised a $5.3 It’s now raised $6.6 StudentFinance launched in Spain first, followed by Germany and Finland, with the U.K. million (€4.5 million total, to date. planned this year.
Superscript , an insurance broker and tech platform targeting SMEs and “high-growth” tech firms, has raised £45 million ($54 million) in a Series B round of funding. Germany’s Wefox last year raised $400 million at $4.5 ” The company had previously raised around $24.4
The dire need for tech talent in Nigeria has become more evident these days, where startups are raising venture capital at a ridiculous pace. and Germany. Then, the company employs an income-sharing model when the engineers find work and start earning upon graduation. Canada, the U.K., So the issue really is supply.
Gorillas , a grocery delivery startup that operates its own hyper local fulfillment centers and has already been a hit in Berlin, has raised $44 million in Series A funding. Meanwhile, Gorillas says the new funding will be used for expansion across Germany and will accelerate its rollout across more of Europe — first stop, Amsterdam.
Hepster , an insurtech platform from Germany, has raised $10 million in a Series A funding round led by Element Ventures. Its products are therefore better suited to the new sector of, for example, shared e-bike schemes and peer-to-peer rental platforms, which are rarely covered by traditional brokers in Germany.
A startup tapping into the concept of the circular economy, where people don’t buy items outright but pay an incremental amount to use them temporarily, has raised some funding to scale its business in Europe and beyond. The funding is coming on the heels of a year when Berlin-based Grover said its business grew 2.5x (that is, 150%).
Gorillas , the Berlin-HQ’d startup that promises to let you order groceries and other “every day” items for delivery in as little as ten minutes, has raised $290 million in Series B funding, at a valuation that surpasses $1 billion. founded goPuff — which this week raised another $1.15 and the Netherlands.
Crisp , an Amsterdam-based, online-only supermarket focused on fresh produce, has raised €30 million in a Series B financing led by leading Target Global and joined by Keen Venture Partners and the co-founders of Adyen and Takeaway.com. Crisp has now raised a total of €42.5 million to date.
The heated race to develop and deploy new large language models and AI products has seen innovation surgeand revenue soarat companies supporting AI infrastructure. Lambda Labs new 1-Click service provides on-demand, self-serve GPU clusters for large-scale model training without long-term contracts. in Ehningen, Germany.
French startup In&motion has raised a $12 million (€10 million) funding round led by Upfront Ventures with 360 Capital also participating. There’s also a subscription component with unlimited warranty and the ability to replace the In&box device with a new model after three years. Image Credits: In&motion.
French startup Matera has announced that is has raised a new $43 million (€35 million) Series B funding round led by Mubadala Capital. With today’s funding round, Matera plans to expand to Germany. By the end of 2021, Matera wants to manage 6,000 buildings including 40 in Germany. Overall, 60,000 owners use Matera.
Cledara , the SaaS purchase and management platform that helps bring greater viability and control over a company’s sprawling software subscriptions, has raised $3.4 Part of Cledara’s revenue comes from interchange fees via said card spend, along with employing a SaaS model itself with paid subscriptions. Image Credits: Cledara.
It’s raised $529.6 million, and, in the post-pandemic world where the population has become far more movable due to remote working, similar businesses are raising funds to attend to the needs of this global, nomadic workforce. Germany-based NUMA Group expanded into Spain, Italy, Austria and the Czech Republic in 2021.
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.
It plans to use the funding to expand its footprint across metropolitan areas in its existing three markets — the Czech Republic, Hungary and Austria — as well as to break into Germany, Poland, Romania and other countries in the near future. which is listed here but is run like a startup) raised more than $1 billion.
Cologne, Germany-based DeepL is not disclosing the full amount that it’s raised — it doesn’t want to focus on this aspect, CEO and founder Jaroslaw Kutylowski said in an interview — but as we were working on this story we heard a range of figures. The funding closed earlier this month.
Gopuff , the “instant” grocery delivery startup that has been on an acquisition and expansion tear in the last several months to scale its business, is also racing to raise money to fuel those efforts. For some funding context, it was only in March that Gopuff raised $1.15 And in this case it looks like “more.”).
Germany-based construction tech startup Cosuno has raised a $30 million Series B led by U.S. ” A similar model from the U.S. growth equity firm Avenir Growth. Spark Capital and Cherry Ventures, which led the Series A six months ago, also participated. Cosuno now says its valuation is put at $150 million.
Volocopter , the startup out of southern Germany (Bruchsal) that has been developing electric VTOL (vertical take-off and landing) aircraft and a business model for operating them in taxi-style fleets in urban areas, has picked up another big round of funding as it inches closer to its first commercial launches.
French startup Qonto has raised a $552 million Series D funding round (€486 million). It currently operates in France, Germany, Italy and Spain. What makes the business model even more lucrative is that a lot of customers just sign up on their own. Following this investment, the startup has reached a valuation of $5 billion (€4.4
provider of healthcare inside people’s homes augmented by a platform that allows carers to monitor a patient’s health and potentially flag problems, has raised $320 million (£260 million) in an equity and debt financing round, split roughly 50/50. based startups in the sector include GYANT, which has raised $23 million, Neteera ($8.5
Berlin-based smartphone-as-a-service provider Everphone has topped up with $65 million in a Series C equity raise in addition to taking $135 million in debt financing — for a total raise of $200 million.
Effy now wants to switch to a first-party marketplace model. The company could expand to other European countries in the future, starting with Germany and Spain. After bootstrapping for 15 years, energy renovation company Effy raises $22 million by Romain Dillet originally published on TechCrunch
The latest to show its hand is Berlin-based Flink , which today is announcing that it has raised a hefty $52 million in seed financing. which is closer to the original goPuff model. Meanwhile, the new financing will be used to expand further within Germany and into additional European markets this year.
French startup Younited Credit has raised a $170 million funding round. As the startup has facilitated a huge volume of credit offering, it can also leverage past data for machine learning risk models. France is still the company’s leading market as Italy, Spain, Portugal and Germany represent 40% of Younited Credit’s revenue.
Lightyear , a Dutch startup developing a long-range hybrid solar-powered car, today announced that it has raised €81 million ($81 million) as it prepares to begin production of its first vehicle in the coming months. Driving change. . Asia, among other markets.
French startup Swan has raised an $18.7 With today’s funding round, the company plans to expand to Germany with a new office in early 2022. But Swan also plans to let developers start using the company’s APIs directly with a self-service model. million Series A funding round (€16 million) led by Accel.
As a marker of where it was prior to this round, in April of this year, when it raised $100 million , Thrasio was valued at $3.7 The company, founded in 2018, has now raised $3.4 One of the reasons it has raised so much in this round is to better target that global opportunity. Thrasio already has operations in the U.K.,
Most artificial intelligence models are trained through supervised learning, meaning that humans must label raw data. Data labeling is a critical part of automating artificial intelligence and machine learning model, but at the same time, it can be time-consuming and tedious work. Japan and Vietnam.
Yet, surprisingly, we continue to come across founders who have made significant mistakes in their early capital raises that we suspect go against their own instincts and jeopardize the foundations of the businesses they are building. Be thoughtful about the first money you raise. Alarm bells.
In the first quarter of 2021, the Hamburg, Germany-based startup — which was founded in 2018 by a trio of women: CEO Hanna Asmussen, COO Lisa Dahlke, and CTO Franzi Löw — saw a record 300% revenue bump. “The predominant destinations are Germany, Ireland, Spain and the UK,” says Asmussen.
Oda , one of the bigger players in online grocery delivery in Europe with operations in its home market of Norway as well as Finland and Germany, today announced that it had raised 1.5 Oda says that its focus now will be on getting profitable in Germany and Finland for expanding elsewhere. billion, or $353 million.
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. ” The main appeal for tenants is that Ukio essentially shields them from the hassles and restrictions of traditional rental models.
GoStudent — the Austria-based late-stage tutor marketplace that has raised $686.3 million (and attained a €3 billion valuation) to date — has acquired Germany-based Studienkreis , a traditional tutoring company, founded in 1974, which is focused on the German-speaking “DACH” region. Terms of the deal were not disclosed.
Rocket often followed the Blitzscaling model popularized by Reid Hoffman — earning them an appearance in his book of the same name. My personal observations on Rocket’s successes and failures start with this crucial point: These learnings might not apply to your unique combination business model, market and timing.
Zaya Care , founded by Leoni Runge , operates here in the States but is modeled after the European maternal care system, and wants to change things. The startup’s CEO Runge grew up in Germany, where her sister is a OB/GYN. Cityblock co-founder discusses why an affordable, human-centered healthcare model works.
Comatch originally started in Germany, which means that Malt is also doubling down on the German market with this acquisition. The startup has raised quite a lot of money and has managed to attract 340,000 freelancers across multiple European countries. Terms of the deal are undisclosed but it involves a mix of equity and cash.
The startup launched only four months ago and is currently active in just four cities in Germany — Berlin, Hamburg, Munich and Frankfurt — although now the idea will be to use the investment to expand further across the country and to start considering which other markets to tackle next.
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