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Einride today announced a $500 million tranche of financing as it looks to expand its autonomous and electric trucks into new markets globally. And that is basically why Einride is having to raise such a large pot of financing now, having already raised around $150 million since its inception including its $110 million Series B last year.
It has also raised $109 million (€95 million) in debt financing. Overall, it has raised $211 million (€185 million) in traditional equity funding rounds. The company recently expanded to other markets. And Alma now plans to expand to the Netherlands, Luxembourg, Portugal, Ireland and Austria.
And the company just raised a $112 million Series B round at a $570 million valuation. As you can see, there are quite a lot of players in this space, meaning that there’s a big market opportunity. Germany, Spain, Belgium, the Netherlands and Luxembourg. It should give you an idea of the company’s upcoming market expansions.
Agricultural microinsurance startup IBISA announced that it has raised a seed round of €1.5 While based in Luxembourg, the startup is focused on emerging markets, with a partnership-based approach. It now plans to use its funding to hire and expand its presence in existing and new markets. million – approximately $1.70
French startup Ankorstore has raised a $29.9 Ankorstore is currently live in eight countries — France, Spain, Austria, Germany, Belgium, Holland, Switzerland and Luxembourg. France is the biggest market followed by Germany. million Series A round (€25 million) with Index Ventures leading the round.
Smart home energy startup Tado has raised €43 million ($46.9 Tado: Geofencing in action Image Credits : Tado Headwinds Prior to now, Tado had raised nearly $160 million in funding, with notable investors including Amazon plowing money into the company , not to mention industrial manufacturing giant Siemens and energy firm E.On.
The startup — based in Luxembourg (with offices in Madrid, London, Shanghai and Taipei) — is describing this funding injection as a seed round, but in fact the majority of it is coming in the form of debt to acquire companies. Thrasio raises $100M for its Amazon roll-up play, appoints retail CFO for its next steps.
I just had the thrill of spending an hour with Janet Gornick, the Director of LIS, an international data archive that is located in Luxembourg. LIS is the institute that created and manages this giant database, which is called the Luxembourg Income Study (LIS) Database. single-adult households, multi-generational households?
It’s just under two years since the Berlin-based startup raised a $30M Series C. Currently, it says more than 2,500 companies, across 10,000+ locations in its two active European markets, are signed up to its platform to get temps on demand — with 40,000+ workers using the platform each month to book side jobs.
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.
Stripe’s Atlas service offers some related tooling, meaning that the market for helping founders set up and run their business is hot.). British Virgin Islands, and soon, from Luxembourg. Crunchbase data indicates that Carta has raised $1.1 More importantly, they can accept LP capital from anywhere in the world.”
With this new product, the company is entering a new market — home cinema sound systems. We are at the high end of the market but we have a product that is an all-in-one audio system,” Devialet CEO Franck Lebouchard told me. We realized that it’s a market that is taking off,” Lebouchard said. and it costs $2,400 (€2,190). “We
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. We are starting to see companies like Back Market or Ynsect that are better than American ones.
The trend of space companies heading to the public markets via SPAC mergers is not over yet. The new fund, which will operate out of Luxembourg, will be focused on early-stage space companies. Image Credits: Orbital Reef (opens in a new window). Satellite manufacturer Terran Orbital is going public via SPAC merger.
The collapse of the US bank came after it tried to raise $2.25bn to offset losses from the sale of (mainly) US government bonds, leading to a 60% share price collapse, with customers and investors subsequently racing in their droves to empty their accounts. The law firms and other VCs caused the panic imho. There was no crisis before this.
The third-generation Cowboy is available in Austria, Belgium, France, Germany, Italy, Luxembourg, Spain, the Netherlands, and the UK, with Denmark in the works. US sales will happen someday, but right now, the European e-bike market is ten times the US market, says Cowboy, so it’s not in a rush. Putting €33 million to good use.
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