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Ventura Capital led the round, with participation from Iberis Capital and a number of unnamed strategic investors from the maritime industry. Tekever — based, fittingly, in historic maritime superpower Lisbon, Portugal — was founded back in 2001 and has only been offering commercial services since 2018.
Another important data point that connects both regions: the black market is a competitive factor. However, things are moving on the legal side of the market — it appears medical cannabis still carries most of the momentum, and it is only accelerating. What are some of the biggest challenges facing Europe’s cannabis industry right now?
An example of a great startup incentive took place in Portugal, where tax reductions were offered to companies that hired unemployed workers or students. know, scaling in the beginning—especially with steep marketing costs—can be difficult and expensive. Enact more tax breaks and funds for startups. As many in the U.S.
It’s a capital-intensive industry. The company covers 48 different cities for all other markets — the U.K., Germany, France, Italy, Spain, Netherlands, Portugal and the U.S. “We We are defining the ultrafast delivery sector and this latest round of funding is a testament to Getir’s position as industry pioneer. “We
As the global agricultural industry stretches to meet expected population growth and food demand, and food security becomes more of a pressing issue with global warming, a startup out of South Africa is using artificial intelligence to help farmers manage their farms, trees and fruits. and other markets. . It has offices in the U.S.,
Ricardo Weder , former president of Cabify (a large ridesharing company operating in Latin America, Spain and Portugal) founded Jüsto in 2019 with a mission to “disrupt the Latin American grocery industry.” Existing backers also participated in the round, including Foundation Capital and Mountain Nazca.
Markets go up and down, but consumers love our service and convenience is here to stay. The super fast grocery delivery industry will steadily grow for many years to come and Getir will lead this category it created 7 years ago,” Getir founder Nazim Salur said in a statement. TechCrunch has confirmed the news with Getir. and the U.S.
It’s been estimated that the Turkish company employs some 32,000 people in the nine markets where it operates, which would work out to 4,480 people impacted by the downsizing. Getir currently operates in its home market of Turkey, as well as the U.K., Germany, France, Italy, Spain, Netherlands, Portugal and the U.S.
FuroSystems also makes a point of using industry-standard parts such as Shimano gears and hydraulic disk brakes, which makes it competitive with others such as Gocycle and Brompton. Wertheimer added that part of the bike manufacturing is likely to be brought to Portugal in order to fulfill demand.
Plus, don’t miss our first investor surveys of 2021: one by Lucas Matney on social gaming , and another by Mike Butcher that gathered responses from Portugal-based investors on a wide variety of topics. Lisbon’s startup scene rises as Portugal gears up to be a European tech tiger. To gain a deeper understanding of the U.S.
First up is Spain and Portugal (launching next month), followed by Italy, the U.K. For example, marketplaces Back Market, Rakuten, Mirakl and Fnac are currently using Cubyn. The result is that it claims to be able to operate a fully integrated fulfilment solution at a fraction of the industry standard cost. and Germany.
The food tech industry is effectively now going into fast food. Into this area has come European startup Poke House , which is effectively industrializing the production of “poke bowls” for food delivery platforms. Sweetgreen in the U.S. is a “fast-casual” restaurant chain that serves healthy “bowl food”. It’s raised $478.6
“We also use data from analyzing systemic and market changes such as government incentives for companies to become ‘greener.’ “We are developing machine learning models that use this data to forecast future job-market demand for specific skills, and predict income levels in the future,” Kostelec continued.
The proliferation and growth of these might prove to be a strong argument in favor of the market not being sewn up by Plaid (no pun intended), although having one owned by a single payments giant would definitely shift how the market is evolving. Rapyd remains VC-backed and was last valued at $1.3 billion acquisition of Plaid.
During the Portuguese Presidency of the Council of the EU, Portugal announced that it would go one step further and create the European Startup Nations Alliance (ESNA). The EIC is supposed to support breakthrough technologies across different strategic industries, such as healthcare, energy and green innovations.
it says customers span all industries but — as you might expect — it says take-up it’s highest among blue collar workers. “We cater to all industries, from restaurants to startups to hospitals, but uptake is best amongst blue collar workers,” says Sukhwani.
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. ” Training day. .
Uber will work with automakers — General Motors in the US and Canada, and Renault-Nissan in cities in the UK, France, Netherlands, and Portugal — to “extend attractive offers” on electric vehicles to drivers. In Norway, Europe’s leading electric market ahead of Germany, one out of every three cars purchased is an electric vehicle.
Fidel API is industry agnostic, with customers ranging in the “hundreds,” from startups to giants such as Google, Royal Bank of Canada and British Airways. Fidel API has offices in its home base of London as well as in Lisbon, Portugal, and New York. Presently, it has 130 employees distributed globally. Solving for expense management.
“There is an immediate market need for more advanced surveillance solutions to allow financial institutions to meet new regulations and fight financial crime,” Weitzman said. ” When asked how the company handles the users’ data, Weitzman said it operates under the same strict regulations as its customers.
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. Image Credits: Codacy.
Jobandtalent says the latest funds will be used to accelerate its expansion in key markets, including the US — its most recent focus. Jobandtalent takes $120M from Softbank to enter the US market. The startup touts an average NPS score for workers on its platform of 56 vs an industry average that it says stands at just 18.
Practically every automaker is betting that electric vehicles will be the future, with some of the largest countries (and largest auto markets ) in the world moving to phase out gas-powered cars and trucks. The transformation will be bigger than anything the industry has seen in the last century.”. Charging expansion.
Formally announced at Web Summit in Portugal today, Mozilla Ventures builds on other recent investments the company has made as part of its Mozilla Builders startup incubator program, though in truth Mozilla has sporadically invested in nearly 20 companies over the past decade. The other two include Block Party , which raised a $4.8
Imagine you have developed a groundbreaking product that is going to revolutionize your industry. Time to start manufacturing and marketing your product. There are several reasons to file for foreign patent protection, including stopping competitors, marketing benefits, manufacturing protection, licensing and inventor location.
Currently, it’s serving “tens of thousands” of customers per month — with its largest markets being London, New York, and Paris — but by late summer it expects to have grown monthly users to “hundreds of thousands” That’s quite the change from two years ago.
I think in our generation we don’t understand creating a new innovation system or a new industrial-economic system if we are not also talking about its social impact,” says Polo. “We are a new generation of young people in government. “With Renace in particular we want to help close the territorial gap.
So in order to sum up when it comes to stock options, we really believe that we have put Spain ahead of countries like the UK, France, Germany, Italy or Portugal. So we get on par with countries like France, Portugal, Estonia, Croatia, and the Netherlands. First, in there, we are creating a new visa category that is digital nomads.
A 12-year journey ends as Skimlinks is acquired by retail marketing platform Connexity. and Portugal, onboarding new properties and hiring a team, which already includes hires drawn from hotel group Mr & Mrs Smith , Ometria, Quill, McKinsey’s Generation and Resi. Flown has now closed a $1.5 Flown has now closed a $1.5
He’d grown up in Portugal, a country that transitioned from a dictatorship to democracy in the 1970s. His view was shared by an unlikely ally: a whistleblower named Michael Lissack who’d worked at Smith Barney in the ‘90s and exposed “widespread fraud in the municipal bond market,” according to The New York Times.
market as well as across Europe. Like others in the transportation and tourism industries, FlixMobility saw business essentially grind to a halt last year, putting it into a holding pattern to await brighter days. EU and on the whole, European markets are picking up now following with a delay of one to two months.
Is it fair to say it’s a shortcut to a hot public market, in a time when no one quite knows when the markets could shift? He goes on to explain why public markets are likely to stay hot for the right SPACs far into the future. And what about that IPO market, which was a bit quieter this week? Around TechCrunch.
Interested buyers can now order the ES90 in Austria, Belgium, the Czech Republic, Finland, France, Germany, Greece, Hungary, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland and the United Kingdom. Volvo will release it in more markets later this year and into 2026.
Portugal and India are leading fabric-producing countries, he tells me.) For instance, it has worked closely with its factory in Portugal to update its linen sheets to a weave that is exclusively available at Brooklinen; it’s softer and stronger than before, and made from traceable European flax.
It represents just a blip in the countrys $54 billion candy industry. Pistachio Snickers bars are from India, now subject to 26% tariffs, while passion fruit mousse Snickers are from Portugal, now under the 20% European Union levies. On products like these, the tariffs toll is obvious. But even an American-made Snickers isnt immune.
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