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Founder Institute doubles down on Europe, now runs 10 startup accelerator programs continent-wide

The Next Web

The Founder Institute , the early-stage startup accelerator that aims to ‘globalize Silicon Valley’, is doubling down on Europe big time. The newly launched chapters are Zagreb (Croatia), Helsinki (Finland), Istanbul (Turkey), Rome (Italy) and Kyiv (Ukraine).

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Surging homegrown talent and VC spark Italy’s tech renaissance

TechCrunch

As Italy reinstates many COVID-19 restrictions, the country’s tech ecosystem is watching and waiting to see what the wider effects of the emergency will be. Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade. I think the wave has passed.

Italy 122
professionals

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Mosqitter’s machine murders mosquitos with much mirth

TechCrunch

It is hoping to start scaling up manufacturing in the local areas where the machines will be most needed, including Italy, India and Zimbabwe. A business-focused version costs $1,150, and there’s a large-scale version available for $2,100, which is focused on parks, local municipalities, and larger areas.

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European insurtech startup Wefox grabs $650 million at $3 billion valuation

TechCrunch

German startup Wefox has raised a $650 million Series C funding round led by Target Global. The company is currently live in five markets right now and is working on expanding to Italy soon. While distribution is managed decentrally with local agents talking with local customers, insurance products are managed centrally.

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Business banking startup Qonto raises $552 million at $5 billion valuation

TechCrunch

It currently operates in France, Germany, Italy and Spain. Tiger Global and TCV are leading today’s funding round. Existing investors Valar, Alven, DST Global and Tencent are putting more money on the table as well. You can sign up from a computer and get a local IBAN a few minutes later. And Qonto does that really well.

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SWVL plans to lay off 32% of its team two months after going public

TechCrunch

This downsizing from the Dubai-based startup adds to the long list of global cross-stage layoffs in what has been a rough month for tech employees. SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan.

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#IFC2014 International Fundraising Congress: Inspire, Connect, Transform

Beth's Blog: How Nonprofits Can Use Social Media

I also keynoted the NGO track at the Internet Festival in Pisa, Italy (more about that in separate post later). The next segment was “Connect” and Marcelo set this up by talking about how the world is now a global coffee house and showing how the news of the Nobel Peace Prize travelled around the world on Twitter.