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million seed round led by Indico Capital Partners , alongside the Social Innovation Fund in Portugal (SIF) and previous investors. With this investment round, Nutrium plans to double the team size in the next 24 months in order to focus on platform development and expand global sales in markets like Spain, France, Italy, the U.S.
Cathay AfricInvest Innovation, FMO: Entrepreneurial Development Bank and Platform Investment Partners also participated. Australia and Portugal — like Africa, home to other major, global agricultural economies — and operates in 18 countries across Africa, the Americas, Europe and Australia. . and other markets. .
Open banking platforms, where services that might not have previously lived next to each other are now joined up by way of APIs, has been one of the emerging trends of the last couple of years, and today one of the leaders in the space out of Europe has closed a round of funding to expand its business. billion acquisition of Plaid.
Chinese tech giant Huawei has filed a lawsuit in a Lisbon court against a resolution by Portugals cybersecurity council CSSC which prevents operators from the use of its equipment in 5G mobile networks, according to a September 5 report by Reuters. Reuters ]
operations for Brazil-based Movile , a mobile platform for content and commerce. 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.
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. Europe is largely a medical-only market right now. billion by 2026.
TrovaTrip , a travel planning and booking platform that lets creators host adventures with their communities, has raised $15 million in Series A funding led by Madrona. The platform includes bookable experiences like hiking in Patagonia, sourcing textiles in Morocco, practicing yoga in Bali and more. Image Credits: TrovaTrip.
Ukio , a short-term furnished apartment rental platform aimed at the “flexible workforce,” has raised €27 million ($28 million) in a Series A round of funding. It’s worth noting that guests book initially for a set period of time, but they can extend their stay through Ukio’s online platform. Target market.
It plans to use the money to expand its business across Europe on the back of a platform that today is listing close to 4,000 homes in Italy, Spain and Portugal, and has to date (since being founded at the end of 2018) sold some 3,200 properties for an aggregate value of €1 billion, according to CEO and founder Giorgio Tinacci.
And it’s against that backdrop that Tel Aviv– and New York–based communication compliance platform Shield wants to address the issues that most banks and investment firms face, including record management, electronic discovery, supervision and surveillance. Keeping up.
The other is attract new employees in a market where there remains fierce competition for talent. The “employee benefits & well-being” market is said to be worth €200 billion, and Europe makes up more than 40% of that market. Coverflex , a startup out of Portugal, thinks it has at least part of the answers.
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.
A relative newcomer vying for a slice of the market is Amplemarket , based in San Francisco and Portugal, which today announced that it raised $12 million in back-to-back seed and series A funding rounds. “So we decided to build our own platform.” ” Adoption hurdles.
In a release announcing the deal , TripActions noted that the funding will be used for global expansion, building off of its expense management launch in Europe and new offices in Portugal, Germany, France and the UK. The company also acquired a number of travel management businesses, adding to its now more than 2,500 employees.
Today, Salsify , one of the startups building e-commerce solutions to that end, is announcing a big round of $200 million, a sum that speaks both to the demand in the market, and its success to date. It also has operations in Portugal and the U.K. Some of the funding will be used, Purcell said, to continue breaking into more markets.
The Germany-based startup plans to use the funding to build new hubs in Africa and Europe, grow its team, and re-launch its proprietary platform to make “finding and working with tech talent easier than ever before.”. We see entering Egypt as the first step in our exciting journey to bring the entire continent into the global talent pool.
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. Thanks very much for reading Extra Crunch this week. Use discount code ECFriday to save 20% off a one- or two-year subscription.
The eight teams hail from all over the world – including entrants from Montreal, Toronto, Portugal and Bulgaria – and have spent the last three months tirelessly working away on their hardware-based startup ideas for the Internet of Things in preparation for today. TOPPOT wants to change the way you cook.
Funding and activity were centered in a couple of markets and there were just a few growing companies gaining interest. Gone are the days when pitches to VCs would have to overcome skepticism on market size, and consumer readiness to adopt tech-enabled learning solutions. But that’s no longer the case. A year of records.
One million consultations were carried out via its platform during the 12-month period, it told us. The platform has been used by more than 900,000 patients to date, w hile more than 600 doctors currently provide remote consultations for Telemedico. FCC enacts $200M telehealth initiative to ease COVID-19 burden on hospitals.
Now Clikalia , another player in the so-called iBuyer space, has raised €75 million ($86 million) to take that model to markets in Europe and Latin America. It’s already doing some work in Portugal, and we understand France is next on the list. “Every step of the process could be an independent company,” he added. .
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.
Into this area has come European startup Poke House , which is effectively industrializing the production of “poke bowls” for food delivery platforms. It uses tech and data to optimize the production and delivery of its product via all the major food delivery platforms such as Uber Eats, etc.
“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.
For many of us, going to work these days no longer means going into a specific office like it used to; and today one of the startups that’s built a platform to help cater to that new, bigger world of employment — wherever talent might be — is announcing a major round of funding on the back of strong demand for its tools.
On the heels of Jumio announcing a $150 million injection this week to continue building out its AI-based ID verification and anti-money laundering platform, another startup in the space is levelling up. Feedzai said it will be using the funds for further R&D and product development, to expand into more markets outside the U.S.
Fidel API has offices in its home base of London as well as in Lisbon, Portugal, and New York. Since launching its offering in 2018, Fidel API says it has entered markets across North America, Europe, Asia Pacific and the Middle East. ” For example, a company can question in real time if a purchase adheres to its policy.
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. “ Jobandtalent is by far the largest job platform in Europe.
Ramping up in this way underscores just how hot the BNPL market is right now, and also how the startup has been faring within that. 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.
.” Among users it notes a high uptake — with a 40% download rate on average, and rates as high as 90% for some of its clients — which it claims is 5-10x higher than other on-demand salary platforms and other social benefits. Currently, it has pilots running in Italy and Portugal.
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 Swedish company has said it plans to increase its market share in Europe to 25 percent by 2030. Charging expansion.
While developed markets like the U.S., While developed markets like the U.S., Pooling those Latino markets, “We can together potentially sell to 10 million customers,” Romero said. Our market share is ridiculously small and it’s mostly greenfield.” “But but we only have 7,000 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.
” Asmussen says the core of the platform is the automation of the paperwork with the startup supplementing that by providing a level of (human) support — in the form of case workers, who can field users’ questions and/or troubleshoot issues.
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.
The social network says it will reform its system to focus less on penalizing users by restricting their ability to post and more on explaining the reasoning behind its content removals, which it believes will be a fairer and more effective means of moderating content on its platform. Military secrets: On Monday, the U.S.
Uber says it intends to partner with a variety of stakeholders — including automakers, car rental operators, electric vehicle charging companies, and others — in what is likely to be a massive effort to achieve its ambitious goal of a “fully zero-emissions platform by 2040.”.
kr doesn’t market itself explicitly as a dating app, but says people in the community refer to it as the “Tinder of vanlife.”. Taige Zhang, a remote worker himself and the founder of Fairytrail, says he initially launched the app as a travel-matching platform, to find people to travel with or share an Airbnb. Image: Fairytrail.
Just yesterday, Los Angeles-based AmazeVR announced a $17 million tranche of funding to scale its virtual concert and “music metaverse” platform. And last week we saw the mighty Epic Games invest in U.K. metaverse infrastructure company Hadean, as part of the Fortnite-creator’s broader metaverse expansion plans.
We have already a big number of international of world-class companies that are in different markets so what is better than being able to scale up with a company that is already there, that has the knowledge and that can help you mature as a scale-up in a shorter period of time. without needing to worry about regulatory compliance first).
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. Spain’s ten-year plan to put startups in the economic driving seat.
Notably this is not the largest funding event that the Portugal and U.S.-based The new funds put OutSystems on an IPO path, we reckon; the company declined to discuss public market plans with TechCrunch. Regardless, the OutSystem’s method approach to the market appears to be working, if its recent capital raise is any indication.
Into this scenario arrives Flown , an online platform that will match knowledge workers with inspiring properties already set up for productive and ergonomic remote work, as well as providing an array of online tools and resources to help them. A 12-year journey ends as Skimlinks is acquired by retail marketingplatform Connexity.
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.
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