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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.
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 raisemoney 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.”).
In the latest development, an Opendoor-style startup called Casavo , out of Italy, is announcing that it has raised €400 million (about $410 million currently). Pre-Covid, Tinacci said that in Italy it was typically seeing 500,000 residential transactions annually. That very much played out for the startup.
Christine and Haje The TechCrunch Top 3 Italy gives ChatGPT the boot : Italy’s government has been on a blocking kick lately. A few days ago, we wrote about a possible ban on cultivated meat , and today Italy wants to block ChatGPT, citing data protection concerns. On that note, enjoy your weekend! You’re hired!
Vivid Money , a challenger bank out of Berlin with 500,000 customers, has made a name for itself with a financial one-stop shop “super app” that, in addition to basic checking and money management services, also includes stock and cryptocurrency investing.
Dott has raised a new $85 million Series B funding round — this round is a mix of equity and asset-backed debt financing. It has raised a lot less money than Bird or Lime and it has taken a different approach when it comes to operations. Belgium-based investment company Sofina is leading the investment.
Fintech startup Yapily has raised a $51 million Series B funding round led by Sapphire Ventures. France, Spain, Germany, Ireland, Austria, Italy and the Netherlands,” Vaccino said. Germany and Italy, Yapily will hire new team members focused on France and Spain. We have between 90 and 99% coverage in the U.K.,
It has closed a Series D of $220 million at a valuation of over $1 billion, money that the startup will be using both to build in more products to extend its touch points with customers beyond annual use around tax time; and to expand to new markets beyond its current footprint of Germany, Spain and Italy.
French startup PayFit has raised a $107 million series D funding round (€90 million). The company already has everyone’s bank information, which makes it easier to transfer money back to an employee for a cash expense. The company is currently live in France, Germany, Spain, Italy and the U.K.
French startup Qonto has raised a $552 million Series D funding round (€486 million). It currently operates in France, Germany, Italy and Spain. Existing investors Valar, Alven, DST Global and Tencent are putting more money on the table as well. Many companies use their bank accounts directly to move money around.
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.
French startup Cajoo is raising some money in order to compete more aggressively in the new and highly competitive category of food delivery companies. There are a lot of players that have raised a lot of money. Interestingly, the lead investor in today’s funding round is Carrefour, the supermarket giant.
With this new mechanism, fund managers should be able to raise a new fund more easily. Some national investment banks have also announced that they’ll invest money directly in large late-stage funds. And he strongly believes that the ability to raise large growth rounds in Europe will lead to large tech companies down the road.
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). Unit raises $18.6M
The startup has raised $155 million at a $700 million valuation. Scalapay has now raised $203 million in total.). It now works with 3,000 merchants in Europe — specifically Italy, France, Germany, Spain, Portugal, Finland, Belgium, Netherlands and Austria — and it has yet to move into huge markets like the U.S.
German startup Wefox has raised a $650 million Series C funding round led by Target Global. Following this funding round, the company has reached a post-money valuation of $3 billion. It’s much more than we wanted to raise initially. Wefox, the Berlin-based insurtech, raises $110M Series B extension.
However, employee benefits engagement hovers around 20%, meaning companies waste a lot of money on unused packages. In a statement, Miguel Amaro, Coverflex CEO said: “In the current macro environment, this Series A round validates our ambitious vision, product-market fit in Portugal, and a market opportunity in Europe, especially in Italy.”
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.
Money can make people moody. Led by CEO and co-founder Kahlil Lalji , the startup is launching with a split account product that just raised $3.5 If so, move the money and then send back an approval.” The money then goes directly into the wallet and the creator can either manage it solo or together with participants.
Valerio Melandri is a well-known fundraising guru in Italy. He runs a highly regarded fundraising consulting company, is a professor in Italy, and chair of the Festival del Fundraising, one of the largest gatherings for fundraising professionals. I’ll be keynoting the Festival in 2019.
-based savings and investing startup Acorns has acquired London-based GoHenry , a startup focused on providing money management and financial education services to 6- to18-year-olds in an all-equity deal, the two companies announced today. France, Italy and Spain. The acquisition is notable for a couple of reasons.
More posts by this contributor Edtech’s honeymoon might be over, but expect a second boom Despite creaky markets, European edtech is showing its resilience During the darkest days of the pandemic, money was no object in many developed markets. Italy was the only European market to see a hike in both funding and the number of deals.
“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.
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 The investment gives Oda a post-money valuation of NOK3.5 billion, or $353 million. ” Updated with comments from Karl Munthe-Kaas.
That content, unsurprisingly, also typically costs a ton of money to produce, narrowing the production and distribution funnel even more. ” Before Veo, to record a football game, he added, “you need a guy sitting on a scaffold, and time and money to then cut that down to highlights. It’s just too cumbersome.
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. The German startup acquired Frichti before it became harder to raise funding rounds. It operates in the U.S. and the U.S.
And yet, few French startups turn to their community of users to raise some new funding. Finary also planned to raise part of its Series A from its community via Crowdcube. And it’s been quite successful as the startup managed to raise €2.17 Business banking startup Qonto raises $552 million at $5 billion valuation.
The company got its start working with SMBs in 2011 but pivoted some years later to working with larger enterprises, which make up the majority of its business today. Suijkerbuijk said that in 2020, signed deals went up by 300%, and the first half of 2021 grew 50% more on top of that.
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. Trading stocks.
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.”
Germany, France, Italy, Spain, Netherlands, Portugal and the U.S. This is a stark swing of the pendulum for a company that raised $768 million at an $11.8 The company has confirmed that it will not be pulling out of any specific country as part of this. Getir currently operates in its home market of Turkey, as well as the U.K.,
But although her fundraiser raised plenty of money, Khi realized there was no viable NGO to distribute the supplies on the ground in the middle of a fast-moving war zone. Every penny we raise goes directly to the families we have supported through our network. The next few weeks were a blur. It’s now matched £2.25
Malt , which provides a way for developers, data scientists, designers, project managers and others working in related fields to connect with fixed-term job opportunities in their fields, has picked up €80 million ($97 million at today’s rates), money that the company plans to use to expand its business to more markets.
One entrant, the three-year-old startup Automotus , is beginning to rack up deployments in zones within cities like Santa Monica, Pittsburgh, Bellevue, Washington and Turin, Italy. The company, which developed video analytics technology to monitor and manage curbsides for cities, said in February it had raised $1.2
million in funding — $15 million of which was raised in a Series A led by Menlo Ventures and $3.4 million that was raised in a seed round led by Brick & Mortar Ventures and First Round Capital – to advance on its effort to “reimagine construction finance.” Construction is the one of the least digitized industries out there.
But Diamond says that they’re specifically not trying to make money off the event. “I 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. As a result of the event, not-so-jokingly there was some sponsor interest. I don’t disagree.
Lexi told us about Ben, a 12-year-old who had originally asked for a trip to Italy with his family. In 2020, more than 30,000 vehicles winded their way through the amazing lightscape, raising enough money to grant 90 wishes. In 2021, the DipJars were used to raise almost $70,000 during a wind-shortened (don’t ask!)
during the same period last year, after clocking up its most successful first half of the year in its five-year history and bagging a number of major retailers to stock its plant-based foodstuffs (including Ocado in the UK, Migros in Switzerland, Carrefour in Italy, E.Leclerc, Intermarché and Super U in France).
million Series A funding round — bringing its total raised since January 2020, when the business was founded, to $13.6M. Currently, it has pilots running in Italy and Portugal. Barcelona-based Payflow , a YC-backed salary-advance fintech with ambitions to evolve into a neobank, has banked a $9.1
On top of that, the company told TechCrunch that it has raised $8.5 But there are ways around this, which is why W4 hopes to make money by offering a porting service to help developers convert their existing games into a console-compatible format. . But every legal entity needs to choose somewhere as its corporate home.
90% of those orders come from Germany or “German-speaking countries” and the remaining 10% comes from countries like the Netherlands, Spain, France, Italy and Sweden, where the vehicles will be manufactured. Most of the preorders for the vehicle have come from Europe, where the market launch will take place.
Lori’s gift is to help nonprofit organizations communicate powerfully so they raise exponentially more money. She is a nationally-recognized master storyteller and fundraising culture change expert helping nonprofit organizations raise nearly $300 million dollars from individual donors.
The new funding will go on fast scaling in Europe — where key markets it’s targeting include Italy, France, and the UK. The Series A money will also be put towards expanding the number of services it offers. ” Bounce raises $1.2M Travel is also exploding right now.”
Many attendees are also excited at the prospect of accessing valuable deals on trips they may not otherwise spend money on but choose to bid on because they know it’s for a good cause. Search for experiences in countries known for their cuisine, like Italy, France, China, and Mexico. Cruise Around 35.7
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