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As the global venture capital market contracts following a historic investing boom, the downturn impacts each startup market differently. Sweden, which has a population of around that of Michigan in the United States, punches above its weight in both cultural and business terms. And narrow our focus.
In Kazakhstan, Zeekr’s local partner Orbis Auto, an automotive distributor, will facilitate the development of a sales network and after-sales service in the region. In the Netherlands and Sweden, Zeekr’s first European markets, the flagship 001 is selling for around $65,000, and the X for around $50,000.
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.
Spurred by rapid growth that has seen its user base grow from 29 million in 2018, to 50 million currently, Vivino wants to use the large cash injection to significantly boost its core tech and personalized recommendation engine, while also expanding its presence in key growth markets globally.
Video games are big — bigger than Hollywood in terms of revenue, as a $66 billion global industry. Since 2009, Zynga.org has enabled millions of players to contribute nearly $20 million to more than 30 nonprofit organizations globally. You can register here. Players, who collectively average about 30 years old in the U.S.,
Yet, relatively little has been written outside of Israel about the major concerns local entrepreneurs are currently dealing with. Anna To SVB and back The Exchange recently noted how Sweden was punching above its weight in terms of startup dollars raised per capita. Tel Aviv has the fifth most unicorn companies in the world.
Also, the company helps local studios that find it difficult to create games with a global appeal by pairing them with strong operators. It also handles localization, distribution, user acquisition, monetization, customer experience for studios and licenses their games on exclusive, long-term contracts.
Sweden-based fintech Tink has also been dominant across Europe, while Truelayer and Belvo are holding the fort in the UK and Latin America. The founders draw on prior experience building API products for local markets in the past. We’ve seen a wave of API-led financial services companies proliferating around the globe.
Opibus says its vehicles are designed and built locally, giving them a competitive advantage in terms of a lower price by the time they reach the market. Additionally, local production means that the output can be tailored for local market needs. Opibus specializes in making electric buses and motorcycles. Image Credits: Opibus.
That number has now grown to 500,000 across a footprint that includes Denmark (its home base is in Copenhagen), Sweden and Norway. When it raised the first tranche of the Series D, it had 325,000 customers.
These will range from sets by local DJs to exclusive sneaker drops to film screenings, cooking clinics, and jewelry-making workshops, to name just a few examples of what to expect. The Dutch capital was chosen by Sweden-based Lynk & Co specifically because of its anti-car, pro-environment culture. A quick tour of Amsterdam Club.
The company also told me via email that since publicly listing on the LSE in July 2021, it has grown its global customer base by nearly 6 million. Amsterdam-based payments behemoth Adyen claims that it has become the first to embed the Click to Pay experience into its online checkout flow globally. on May 5, 2022.
Since the UK entered lockdown in March, engineers like Qureshi had unwillingly found themselves on the front line of a strange global crusade. Any point he brought up would be shot down by the woman’s self-fulfilling rationalization that Qureshi was part of a global conspiracy. His job felt undeniably essential.
Other backers include Index Ventures, Susa Ventures and Global Founders Capital. Latin American nocnoc raises $7M seed round to help global sellers connect with local marketplaces across LatAm. Tink and Klarna are also both headquartered in Stockholm, Sweden. Sequoia leads $80M funding round for Swiss startup Yokoy.
-based, Memmo was founded in Stockholm, and Lundberg Toresson said its strategy is both global and localized — the company is currently operating localized marketplaces for Sweden, Germany, Finland, Norway, the United Kingdom, Spain, Italy and Canada, as well as a general global market.
In 1999, the Greenpeace national offices in Denmark, Sweden, Finland and Norway united to form one regional entity: Greenpeace Nordic. This allows the organisation to work collectively while ensuring local teams are on the ground to tackle local objectives. . Fighting for a greener future. degrees Celsius.
Fridays for Future, the global movement that started with teen activist Greta Thunberg’s climate strikes in Sweden, posted a tweet on September 28th to call attention to numerous accounts suspended around the world this year. Some environmental activists returned to the streets on September 25th for a Global Climate Strike.
Connie Loizos reported that “ Klarna , the 17-year-old Stockholm, Sweden–based buy now, pay later outfit” told employees on Monday in a video message from COO Camilla Giesecke that it is reducing staff again to “reflect” its new and “more focused nature.” Weekly News. Seen on TechCrunch. for non-Gold members.
As consolidation begins its next wave in the micromobility industry, might we see more deals like this, where companies just buy other companies for geographic expansion, rather than trying to kickstart their own operations in new locales? Automotive mobility group Astara is investing $5 million in GoTo Global’s pre-IPO round.
Einride , an electric and autonomous freight company from Sweden, launched its debut NFT , the first-ever sketch of its autonomous Pod, as its first foray into the crypto space. has paused its driverless pilot fleet in California six months after it was approved by local regulators to test autonomous vehicles without a human safety driver.
It covers Uber’s operations across 40 countries when Uber was still run by co-founder Travis Kalanick, who took an aggressive approach to bringing the ride-hailing service into cities around the world, even when doing so would break local laws and taxi regulations.
Watch the Skies , which was released in its home country as UFO Sweden , had undergone "visual dubbing" with the help of artificial intelligence. On May 9, AMC Theatres will start showing a sci-fi movie that was shot in Swedish but will look like it was made in English instead.
Yaccarino will be leaving her role as chairman of Global Advertising & Partnerships at NBCU. X opens up its ad revenue sharing program globally The company announced its “Ads Revenue Sharing” program is now available for eligible creators globally. X also changed its App Store tagline from “Let’s talk.”
Atlassian has always been a global company — even when it was just Scott and his co-founder and co-CEO Mike Cannon-Brookes, their first sales were outside of Australia. And we talked a lot about how to run a global company in an increasingly fractured world, and whether new regulations help level the playing field or just cement incumbents.
At the time of writing, Proton VPN had the largest and most globally diverse server network out of all the VPNs I've tested. Users have myriad location-spoofing options and should never struggle to find a reliably fast local server location. That was certainly my testing experience, at least.
Local investors tend to invest 50% to 90% of their fund into local startups, “but we do look at deal flow in all Nordic countries,” said one. How much are you focused on investing in your local ecosystem versus other startup hubs (or everywhere) in general? or even in Sweden. and Nomono. More than 50%? More than 50%?
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