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Einride has already been on something of an expansion drive (so to speak) these past few months, launching in Germany back in September followed by Belgium, the Netherlands, and Luxembourg last week, with plans in place to target Norway too. trillion industry in 2020 to nearly $3 trillion within the next five years.
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 Rohlik in the Czech Republic, Picnic in the Netherlands and Everli in Italy — says that its Norway operations are profitable. “In
As something of a case in point, Vic.ai , which bills itself as an accounting automation platform, today announced that it raised $52 million in a Series C funding round led by GGV Capital and ICONIQ Growth with participation from Cowboy Ventures and Costanoa Ventures. “In this next stage of growth, Vic.ai ” Vic.ai
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. “The industry needs to be certain of the viability of the technology to produce it at scale. Driving change.
Tink , a startup out of Stockholm, Sweden that aggregates a number of banks and financial services by way of an API so that those can in turn be accessed via new channels, has raised €85 million (or $103 million at current rates), at a post-money valuation of €680 million (or around $825 million). It has now raised €175 million in total.
trillion general insurance industry. . The company has raised a $1 million seed round to enhance its platform and scale in Asia. Kistefos has a strong investment portfolio in Norway and Europe, including companies delivering financial services. India’s insurance platform Turtlemint raises $30 million.
Car subscription platform Finn has raised $110 million in equity to expand in the U.S. Car subscription platforms, especially ones that offer electric vehicles like Onto in the UK and imove in Norway, are taking off as trends like usership over ownership, online shopping and EV usage rise.
“If you take a look at the European Union, even Germany itself, there’s a strong focus on the automotive industry. The space industry] is a huge opportunity at the same time to build up another economical pillar that can be extremely profitable,” he said.
The two companies are hoping to prove that Northern Lights facilities combined with Climeworks direct air capture technologies can prove to be a part of a push toward negative emissions technologies that allow companies in non-industrial sectors to become either carbon neutral or carbon negative. Image Credit: Climeworks.
The startup, based out of Oslo, Norway, initially made its name with an app called Timely , a tool for people to track time spent doing different tasks. Aimed not just at people who are quantified self geeks, but those who need to track time for practical reasons, such as consultants or others who work on the concept of billable hours.
The Melbourne-based startup announced today it has raised $10 million AUD (about $7.3 The capital will be used to build Delegate Connect’s teams in Melbourne, London and Norway, which enable it to handle events around the world, increasing headcount from 45 to more than 100 by December. Hopin confirms $400M raise at $5.65B valuation.
And when XPeng rolled its first exported electric vehicles off a boat in Norway last week , it accomplished something many of its peers have sought: expansion into new markets. Now, Nio is arguably the second-most successful electric vehicle company behind Tesla (though still a very distant one) and just raised another $2.6
Getting an agent helped Sue because “I don’t have the connections in the industry to handle switching teams or making sure that someone’s out there promoting him as a player and looking out for opportunities,” she says. Sue Earnest says she and her husband built out Colin’s support network “from scratch.”
Vinted raises $303M for its 2nd-hand clothes marketplace, used by 45M and now valued at $4.5B. Another piece of research, from March last year , suggested Bitcoin consumed as much energy as Norway — with predictions that its carbon footprint would soon be akin to the emissions generated by the entire metropolitan area of London.
News of the delay, which Microsoft attributed in part to the pandemic, came after the game’s visuals were met with criticism after their initial unveiling, prompting developer 343 Industries to admit , “We do have work to do to address some of these areas and raise the level of fidelity and overall presentation for the final game.”.
Next week, Extra Crunch will feature stories on the state of holographic tech in vehicles, the second-life battery marketplace and software plays in the micromobility industry. ” I might have raised an eyebrow or two when I first read this announcement. The company raised $275 million in a Series D round back in September 2019.
Swedish digital health startup Kry , which offers a telehealth service (and software tools) to connect clinicians with patients for remote consultations, last raised just before the pandemic hit in Western Europe, netting a €140M Series C in January 2020. “Obviously we have been on the right side of a global pandemic.
Volvo gave the ES90 a slightly raised ride height and its Thor's Hammer headlight design, along with its new C-shaped LED rear lamps. Owners can access the model's infotainment system on its 14.5-inch inch center screen display, which comes with built-in Google apps, including Maps and Assistant.
In a bid to separate its bipedal household laborer from the far creepier competition , 1X wrapped Neo Gamma in what it's calling a KnitSuit, an eyebrow-raising onesie that's "soft to the touch and flexible for dynamic movements." It's a fascinating choice with some eerie results.
Tesla sales also fell in France, Sweden, and Norway last month. The Cybertruck, Teslas first all-new vehicle since 2017, is the biggest flop in the auto industry , Niedermeyer says. But in addition to impacts on Tesla, the protests can help raise awareness of whats happening now in D.C.
That said, Norway’s VC community has been somewhat dormant for a while. High-profile players like Northzone and Creandum did well with early entries into Spotify and Klarna, among others, and now Norway is catching up with the rest of the European hubs. Are there startups that you wish you would see in the industry but don’t?
Norway abandoned its contact-tracing app on Monday after it reached just 10 percent adoption.) Industry. ? Employees of Apple , Google , and Microsoft raised millions of dollars for the Black Lives Matter Foundation thinking it’s the international racial justice movement seeking to end police brutality. mostly pretty persuasive.
-Japan relations and Korean Prime Minister Han Duck-soo called for emergency measures to support industries affected by the tariffs. Here’s the latest: Norway’s foreign minister says tariffs hurt NATO allies Norway’s Foreign Minister Espen Barth Eide said the new U.S. futures tumbled. But if the U.S.
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