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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.
To whit, Impress , a Southern European player in direct-to-consumer orthodontics, has raised a $50 million Series A funding round led by CareCapital (a dental division of Hillhouse Capital in Asia), along with Nickleby Capital, UNIQA Ventures and investors including Michael Linse, Valentin Pitarque, Peter Schiff, Elliot Dornbusch and others.
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.
Commerce Layer , which provides a set of APIs for businesses to build e-commerce apps with their own, customized front ends, has raised $16 million — money that it will be using to continue expanding its business and adding more commerce tools into its API library. Benchmark led Commerce Layer’s Series A about a year ago.
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.”).
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
Kukua , a Nairobi- and London-based educational entertainment company and the creators of “ Super Sema ,” the first African animated superhero franchise, has raised $6 million in its latest round of investment. Though white and raised in Italy, Bisignani travelled widely in Africa when she was young. The company raised $2.5
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.
Today, Scalapay , one of the companies that’s building a platform to enable buy now, pay later (BNPL) and related features, has raised a round to boost its position in the race for customers against competitors like Klarna, Afterpay and Affirm. It claims to be the biggest provider of BNPL services in its home country.
“We’ve discovered that the model for success for B2B businesses online is not about different people, and not about money. They include Commerce Layer in Italy; another startup out of Germany called Commercetools ; and Shogun in the U.S. They just don’t have the tooling,” said Graf.
Barkyn , a European subscription service for pets that combines food with tele-vet services, has raised a further €3 million ($3.6 million) from food tech investor Five Seasons Ventures , extending its previous Series A to €8 million, and total funds raised to date to €10 million. which has raised $28 million.
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
Everli , the European marketplace for online grocery shopping that started in Italy but now also operates in Poland, Czech Republic and France, has raised a $100 million in Series C funding. That growth is happening more and more outside Italy, with its international expansion now responsible for over 20% of orders.
Retail Rocket , a retention management platform for brands, today announced that it raised $24 million in a Series A round led by Cyprus-based private equity fund Flintera. New York-based SailPlay had raised $3.3 “We work with ecommerce on a performance-based pricing model,” Khlebinsky explained. ”
It’s raised $478.6 The company has now raised €20 million ($24 million) in a Series B funding round led by Eulero Capital, with the backing of FG2 Capital and reinvestment from Milan Investment Partners SGR. The Italy-born food tech startup claims to have built a “€100M+ company” inside two years.
But today, a startup that’s cracked open that model with an autonomous, AI -based camera that lets any team record, edit and distribute their games, is announcing a round of funding to build out its business targeting the long tail of sporting teams and fixtures. .
Getir, Gorillas, Flink and a cohort of startups tried to popularize a new model for grocery deliveries. Those services raised a ton of money and grew at a rapid pace during the COVID-19 pandemic. Germany, France, Italy, Spain, the Netherlands and Portugal. It operates in the U.S. and the U.S.
He also co-founded Everli (formerly Supermercato24), the Instacart-styled grocery delivery company in Italy, and also worked at Just Eat. That said, the model is yet to be proven everywhere it’s been tried and will likely be a capital intensive race in which Dija is off to a good start. Delivery startup goPuff raises $380M at a $3.9B
Fleet is a bootstrapped startup and hasn’t raised any VC funding. The company is looking at Portugal, Italy, Germany and Belgium for its next markets. And this is key to understanding Fleet’s business model. But it’s been growing nicely as the company is expected to generate an annual turnover of $13.1
Of course, Amazon has to be different, so instead of building AI models by itself, it has tapped third parties to host models on AWS. And because we have a veritable wall of coverage on AI today: A path to un-banning in Italy : Natasha L covers how Italy gives OpenAI an initial to-do list for lifting the ChatGPT suspension order.
and Italy after that. Critics will say companies lean on the freelancer model in order to skirt around having to provide extensive benefits to those doing the jobs. In Europe, the company was founded in Paris, and it currently has operations in France (Paris, Lyon), Germany (Munich) and Spain (Madrid).
French startup Sencrop just raised an $18 million Series B funding round led by JVP. Weather forecasting is a complicated industry as it requires a ton of data to create an accurate forecasting model. Weather forecasting is a complicated industry as it requires a ton of data to create an accurate forecasting model.
After raising $215 million from SoftBank to double down on the surge of interest in online learning, Kahoot has made an acquisition to expand the scope of subjects that it covers. Spain, Italy, France, Germany, Sweden, the Netherlands, Hungary, Ukraine and Russia. million (€6.3 million), with cash conversion of 40%.
Augury , which works with large enterprises like Colgate and Heineken to maintain machines in their production and distribution lines, has raised $55 million in funding. Augury’s partners include ProPac in Germany, Caverion in Finland, Pluriservice in Italy, Fuse IoT in Latin and South America, and 42 North in North America.
To power the expansion, which will see Lightyear land in 19 new markets, including the Baltics and much of Western Europe, London-based Lightyear has also raised $25 million in a Seres A round of funding led by U.S. Lightyear , a U.K. fintech startup that promises consumers commission-free trading on U.S. launch plans back in 2020.
If you hear about a venture firm or startup winning, raising, flailing or, oh I don’t know, booting an executive because of internal happenings, tell me. Unlike Microsoft and Apple, which both have sought to build AI models in-house, Amazon is recruiting third parties to host models on AWS. It is currently in limited preview.
But there’s a problem with this model. In recent years, a number of fintechs have emerged to try to challenge the current model. In May, I wrote about Jay-Z-backed Altro, which raised $18 million to help people build credit through recurring payment forms such as digital subscriptions to Netflix, Spotify and Hulu.
Many startups are struggling to raise funding rounds or have to lower their valuation. This model has scaled extremely well as Wefox now has 4,000 distribution partners. Wefox currently operates in six European markets (Germany, Switzerland, Austria, Italy, Poland and Netherlands). The fact that Wefox is still valued at $4.5
Gorillas, according to a presentation it made to investors in March that a source shared with us, has around 700,000 active customers.The news comes on the heels also of rumors we’d been hearing that the company had been raising more funds. “Now even more people will look at this like it’s just a bubble.”
We’re calling it ‘federated learning,’ where it’s sort of siloed in and language models are operating on a use case basis,” Pativada said. “We raised our entire round through cold emails and Zoom,” Pativada told TechCrunch. “This is good because it avoids malicious use.”
Dija , the London-based grocery delivery startup, is officially launching today and confirming that it raised £20 million in seed funding in December — a round that we first reported was partially closed the previous month. Backing the company is Blossom Capital, Creandum and Index Ventures, with Dija seemingly able to raise pre-launch.
With this new mechanism, fund managers should be able to raise a new fund more easily. And he strongly believes that the ability to raise large growth rounds in Europe will lead to large tech companies down the road. The European welfare model and the European quality of life have become extremely important assets Cédric O.
The company seems confident that its model can apply to many verticals beyond SaaS, which is where it started. million in funding — $15 million of which was raised in a Series A led by Menlo Ventures and $3.4 Construction is the one of the least digitized industries out there. ” Funding across the globe.
million Series A funding round — bringing its total raised since January 2020, when the business was founded, to $13.6M. Payflow says the model has won it friends in works councils and labor unions. It operates a SaaS business model, charging employers a tiered fee depending on the number of employees using the product.
BYD Chinas top EV maker is widely considered the least affected by the newly announced tariffs, with the strength to still break even on an import model thanks to its significant cost advantage versus peers. BYDs EVs would still be priced lower than the similar models launched by European rivals, even if the company raises prices by 17.4%
High profile examples of such systems, such as OpenAI’s large language model ChatGPT, have relied (at least in part) upon data posted online for training their systems — and a class action lawsuit filed against the U.S. And be used to pump out unwanted direct marketing or spam.
Such per country regulations likely (partly) explains the meaty size of Mayd’s seed raise, along with the usual tech and recruitment challenges of scaling an urban logistics app business. At the end the pharmacist needs control of the delivery process which is slightly different from the typical delivery model,” notes Pieczonka.
On the heels of Deliveroo raising more than $2 billion ahead of its debut on the London Stock Exchange this week, another hopeful in the food delivery sector has closed a super-sized round. This is a milestone funding round not just for the company, but its home country: it marks the largest-ever round raised by a Spanish startup.
A more powerful US model is planned for later this year, or early in 2022 if the double whammy of Covid and Brexit creates undue complications. Each model is priced to include all the accessories needed for typical urban commuting: mudguards, bell, luggage rack, kickstand, and front and rear lights.
They started on the construction of a solar electric vehicle pre-prototype to prove that renewable energies can help solve the transportation emissions problem, and by 2015, they had a working model. On Wednesday, Sono Group, the parent company to Sono Motors, went public. ” Solar technology integration and licensing.
Search for experiences in countries known for their cuisine, like Italy, France, China, and Mexico. Cars A car can be an exciting big-ticket auction item, especially if you can get your hands on a vintage model. Want to explore fundraising tools that can help you plan excellent events and raise more?
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.
They raised huge sums of capital and put forth a number of high-profile, richly valued IPOs. Strong Compute wants faster ML model training : Hailing from the current batch of Y Combinator startups – Winter 2022, to be precise – Strong Compute is tackling a pretty big market. a digital bank for Nigeria, just raised a $1.5
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