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QuintoAndar is taking its first steps out of Brazil to open a technology hub in Lisbon, Portugal aimed at attracting technology talent across the pond. The move comes six months after the company raised $300 million in Series E funding that valued the company at $4 billion. billion and over $700 million raised in total, Braga said.
Nutrium , a digital health startup which links dietitians and their patients via an app, has raised a €4.25 million seed round led by Indico Capital Partners , alongside the Social Innovation Fund in Portugal (SIF) and previous investors. We are pleased to back this jointly developed vision with capital and knowledge.“. million.
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.
Lydia first raised $45 million in January 2020 — Tencent led that investment. The startup is now raising another $86 million, which means that Lydia has raised $131 million in total as part of its Series B round. Mobile payment app Lydia raises $45 million round led by Tencent. Lydia is starting with Portugal.
TripActions , a corporate travel and expenses company, has raised a combination of equity and debt at a post-money valuation of $9.2 TripActions didn’t comment on any public listing plans, but its not unique to see a company raise ahead of a financial event of that scale. Oh look, TripActions raised at a $9.2B
Jüsto , an online supermarket based in Mexico City, announced Tuesday it has raised $65 million in a Series A round led by General Atlantic. In fact, according to PitchBook data cited by General Atlantic, the round represents the largest Series A raised in Latin America in the past decade.
Notably this is not the largest funding event that the Portugal and U.S.-based based software company has raised. TechCrunch covered a $360 million round that OutSystems raised in 2018. Regardless, the OutSystem’s method approach to the market appears to be working, if its recent capital raise is any indication.
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.
Aerobotics , a South African startup that provides intelligent tools to the world’s agriculture industry, has raised $17 million in an oversubscribed Series B round. Kenya’s Apollo Agriculture raises $6M Series A led by Anthemis. million, according to Aerobotics. Aerobotics has experienced record growth in the last few years.
That’s why these instant delivery startups have been raising mega rounds of funding. Germany, France, Italy, Spain, Netherlands, Portugal and the U.S. “We It’s a capital-intensive industry. Getir is quite dominant in Turkey as it currently operates in 81 different cities.
Tech-talent marketplace MVP Match has raised €5 million ($5 million) seed funding from Stage 2 Capital to double down its strategy for pairing companies with talent from across the globe. MVP Match, a tech-talent marketplace, raises $5M from Stage 2 Capital by Annie Njanja originally published on TechCrunch.
Coverflex , a startup out of Portugal, thinks it has at least part of the answers. 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.”
It has also raised $109 million (€95 million) in debt financing. Overall, it has raised $211 million (€185 million) in traditional equity funding rounds. And Alma now plans to expand to the Netherlands, Luxembourg, Portugal, Ireland and Austria. The company recently expanded to other markets.
Jscrambler , a Portugal-based startup specializing in cybersecurity products that protect organizations against web data exfiltration attacks, has secured $15 million in Series A funding. million in seed funding, was led by Ace Capital Partners and backed by existing investors Sonae IM and Portugal Ventures.
Bizay , a marketplace for small-to-medium-sized businesses allowing them to create highly customized products (such as merchandise), has raised a $38.6 This means Bizay has now raised a total of more than €54 million. This means Bizay has now raised a total of more than €54 million. Portugal’s Faber reaches $24.3M
An example of a great startup incentive took place in Portugal, where tax reductions were offered to companies that hired unemployed workers or students. immigration law that has created a new visa category for entrepreneurs who have raised money from American investors. Enact more tax breaks and funds for startups.
Cubyn , the Paris-based logistics startup that lets e-merchants outsource fulfilment and delivery logistics, has raised another €35 million in funding. First up is Spain and Portugal (launching next month), followed by Italy, the U.K. Cubyn raises €12M Series B to let e-merchants outsource fulfilment. and Germany.
French startup Younited Credit has raised a $170 million funding round. France is still the company’s leading market as Italy, Spain, Portugal and Germany represent 40% of Younited Credit’s revenue. Goldman Sachs is leading the round with existing investors Eurazeo, Bpifrance and AG2R La Mondiale also participating.
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. But it’s a regulated market.
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.
— it was originally founded in Portugal but now is based out of San Mateo — and towards business development, specifically via partnerships to integrate and sell its tools. This latest round comes nearly four years after Feedzai raised its Series C, a $50 million round led by an unnamed investor and with an undisclosed valuation.
Tekever , which builds drones with integrated AI specifically tailored for monitoring and detecting activity on water, has raised €20 million (just under $23 million at today’s rates). Ventura Capital led the round, with participation from Iberis Capital and a number of unnamed strategic investors from the maritime industry.
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. Ukio’s raise comes as several similar platforms have raised sizable rounds of funding. Image Credits: Ukio.
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. Our first trip was to Italy and then the next two were to Portugal.” The company has raised $20 million in funding to date.
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.
To meet this rising demand for “more advanced” cross-channel surveillance, Shield announced Thursday it has raised $20 million in a Series B round of funding. In addition, Shield opened an R&D facility in Lisbon this year, Weitzman said, adding that the company chose Portugal because it is becoming a major European tech hub.
Remote , which provides tools to manage onboarding, payroll, benefits and other services for tech and other knowledge workers located in remote countries — be they contractors or full-time employees — has raised $150 million. Remote raises $35M to help orgs with global workforce payroll, benefits and more.
Wertheimer added that part of the bike manufacturing is likely to be brought to Portugal in order to fulfill demand. Electric bikes and electric scooters are crucial to solving the mobility issues we see today, of congestion and pollution.”.
The Series A funding will be used to capitalize on growing demand by expanding into new regions — with Localyze saying it will start by focusing on “major hubs” for international talent, in Ireland, Spain, Portugal, the Netherlands and the UK, so it can target more high-growth companies with offices across Europe.
and Portugal, onboarding new properties and hiring a team, which already includes hires drawn from hotel group Mr & Mrs Smith , Ometria, Quill, McKinsey’s Generation and Resi. Flown has now closed a $1.5 The funding will be used to build out the Flown platform ahead of its formal launch in the U.K. Alicia Navarro, founder, Flown.
But the close connection Facebook Dating has to the rest of the company’s products has raised concerns in the past. Facebook touts the service’s privacy features, with many of its more personal matching tactics entirely optional.
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).
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. Lisbon’s startup scene rises as Portugal gears up to be a European tech tiger. “That helped its valuation.
Sales enablement company Highspot raised $248 million at a $3.5 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.
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. Gorillas also had to conduct a round of layoffs earlier this year.
I gave the opening keynote, on my main new theme, Raising the Floor. I met a professor from Portugal who had a student who developed EasyVoice , software that makes it possible for someone who cannot speak to use Voice over IP via Skype to talk to people using a voice synthesizer. It was fun to hear students and fresh Ph.Ds
Indeed, edtech investment in 2020 and 2021 equaled the amount raised during the entire 2014-2019 period. This growth wasn’t restricted to the usual geographies: Six European markets raised more than $100 million in 2021, compared to only one in 2020.
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.,
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 food tech industry is effectively now going into fast food. Sweetgreen in the U.S. A similar firm is Sweetfin.
That is a notable jump since the company didn’t disclose a number when it raised its Series E, a $155 million round in 2020 ( PitchBook however puts it at $805 million, and before at $308 million in 2018). It has now raised more than $450 million. It also has operations in Portugal and the U.K.
A little detail about this Series B: CEO Humberto Ayres Pereira, who is based out of Porto, Portugal, where some of the staff is also based, tells us that this round actually was quietly closed over a year ago, in January 2020 — just ahead of the world shutting down amid the COVID-19 pandemic. The growing appeal of low-code.
During the Portuguese Presidency of the Council of the EU, Portugal announced that it would go one step further and create the European Startup Nations Alliance (ESNA). With this new mechanism, fund managers should be able to raise a new fund more easily. It’s a new entity that is in charge of the Startup Nations Standard.
Alongside the equity raise, the 2009-founded startup has secured another chunk of debt financing ($75M) from Blackrock. Existing investors including Atomico, DN, Infravia, Kibo and Quadrille also participated in the round — which the startup said values its business at $2.35BN (post-money).
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. When a device is reaching its end of life and is sent back to Fleet, the company gives it to a nonprofit organization, sells it to a refurbishment company or recycles it.
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