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French startup Cajoo is raising some money in order to compete more aggressively in the new and highly competitive category of food delivery companies. The service is currently live in 10 French cities — Paris, Neuilly-sur-Seine, Levallois-Perret, Boulogne-Billancourt, Lille, Lyon, Toulouse, Bordeaux and Montpellier.
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.
The startup has raised $155 million at a $700 million valuation. Scalapay has now raised $203 million in total.). The company’s service is based around being tightly integrated with online retailers’ check-out process and offering users an interest-free, three-installment way to pay for anything they purchase.
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.
Originally from Turkey, Getir has quickly expanded its service across Europe and the U.S. Unlike traditional grocery delivery services, Getir lets your order groceries without having to pick a delivery slot. That’s why these instant delivery startups have been raising mega rounds of funding. It’s a capital-intensive industry.
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.
This morning OutSystems , a low-code app development service, announced that it has closed $150 million in new capital. 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.
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. It has now raised €175 million in total.
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.”
Cubyn , the Paris-based logistics startup that lets e-merchants outsource fulfilment and delivery logistics, has raised another €35 million in funding. Cubyn says it will use the new funding to double its team of 85 to more than 170 employees by the end of 2021, and deploy its service more internationally. and Germany.
With immediate access to homegrown apps on their new smartphones, people can find services that are directly relevant to their needs (like local food delivery and Wi-Fi access finders). An example of a great startup incentive took place in Portugal, where tax reductions were offered to companies that hired unemployed workers or students.
Feedzai , which provides banks, others in the financial sector, and any company managing payments online with AI tools to spot and fight fraud — its cornerstone service involves super-quick (3 millisecond) checks happening in the background while transactions are being made — has announced a Series D of $200 million.
Today, a company focused specifically on developing AI for drones for maritime deployments is announcing a round of funding after seeing strong demand for its devices and services. Ventura Capital led the round, with participation from Iberis Capital and a number of unnamed strategic investors from the maritime industry.
Alongside the equity raise, the 2009-founded startup has secured another chunk of debt financing ($75M) from Blackrock. By offering a personalised service driven by data and proprietary technology, Jobandtalent is simplifying the experience of finding work for thousands of people and transforming it for the better.
As consumers around the world slowly start to get moving again — fingers crossed that new waves of COVID-19 cases do not set that back — one of the big players in on-demand mass transportation services is announcing a growth round to move with them. but mainly had to reduce or completely stop services in the last year.
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.
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 company charges a 10% service fee and a $2.9% Our first trip was to Italy and then the next two were to Portugal.” transaction fee.
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.
The dating service offers the same features in Europe as it does in the US , using the existing profile you’ve created on Facebook to find potential matches. Facebook originally planned to launch its dating service in Europe back in February. Facebook originally planned to launch its dating service in Europe back in February.
The startup says it’s been seeing growth rates hitting, on average, more than 30% month-on-month, as employer demand for its services accelerates. “With the funding, we want to accelerate our expansion in the UK, Ireland, Netherlands, Portugal & Spain, besides our core market Germany.
Wertheimer added that part of the bike manufacturing is likely to be brought to Portugal in order to fulfill demand. Former SoundCloud founders launch e-bike subscription service, backed by BlueYard. Electric bikes and electric scooters are crucial to solving the mobility issues we see today, of congestion and pollution.”.
“Markets go up and down, but consumers love our service and convenience is here to stay. Getir originally launched its service in Turkey in 2015. The user experience works more like food delivery services, such as Uber Eats, Deliveroo and Just Eat Takeaway. Germany, France, Italy, Spain, the Netherlands and Portugal.
Think “Airbnb-meets-Calm-as-a-service”. 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 is essentially wrapping up into one package the knowledge workers’ wish-list. Flown has now closed a $1.5
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). The newer service launched a year ago now accounts for more than 25% of transaction volume. “We expect this ratio to be in 50% in one year,” he added.
French startup Fleet wants to become your IT department’s best friend by managing hardware as a service. Fleet is a bootstrapped startup and hasn’t raised any VC funding. And today, the company is launching its device-as-a-service offering in Spain. Fleet clients can rent computers and smartphones for a flat monthly fee.
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.
Now, a startup called Rows that’s built on that ubiquity, with a low-code platform that lets people populate and analyze web apps using just spreadsheet interfaces, is announcing funding and launching a freemium open beta of its expanded service. “Yes, we overlap with services like Zapier and Notion,” he said.
Macrometa , the edge computing cloud and global data network for app developers, announced today it has raised a $20 million Series A. It will hire for its engineering and product development centers in the United States, Eastern Europe and India, and add new centers in Ukraine, Portugal, Greece, Mexico and Argentina.
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.
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. And let’s not forget about New York-based Lightyear , a telecom service procurement service.
Financial infrastructure startup Fidel API has raised $65 million in a Series B funding round led by Bain Capital Ventures. The London-based company provides identity, data and payments products that it says gives developers a way to capture consent permissions and “securely” connect payment cards to a service or application. .
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.
million Series A funding round — bringing its total raised since January 2020, when the business was founded, to $13.6M. On the market expansion front Payflow is planning to launch into two more markets outside Spain, in addition to Chile and Columbia where it is already offering a service.
StudentFinance , a European fintech that funds educational programs for individuals through so-called income share agreements , has raised €39 million ($41 million) in a Series A round of funding. The platform and financing is currently available in Spain, Portugal, and the U.K., ” Prior to now, StudentFinance had raised a $5.3
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.
More people working from home because of COVID-19 likely also temporarily reduced demand for third party package acceptance services — since more people were in to receive deliveries themselves. It’s now anticipating a demand boom for its services as travellers jet off again and offices reopen to regular staff.
Price drop: Netflix decreased its subscription costs in more than 100 territories over the past week as customers continue to contemplate which streaming services to keep amid price hikes. Say goodbye to $100 million venture rounds: Startups hoping to raise a nine-figure round in the future had best temper their ambition.
A similar trajectory is being seen across the Atlantic, as nations such as Italy , England and the Ukraine join a rapidly expanding list of countries including Germany, France, Israel, Spain, Portugal, Belgium, Denmark, Poland and others who have chosen to supplement their urban transportation networks with modern micromobility alternatives.
After all, if you’re going to spend a couple of grand on an e-bike meant for daily use then it had better be reliable and serviceable for years to come, not sold by some fly-by-night operator on Amazon or Indiegogo that’ll go bust just as soon as you need to make a warranty claim. Furosystems appears to be a company with staying power.
Formally announced at Web Summit in Portugal today, Mozilla Ventures builds on other recent investments the company has made as part of its Mozilla Builders startup incubator program, though in truth Mozilla has sporadically invested in nearly 20 companies over the past decade. The other two include Block Party , which raised a $4.8
The way The Fog will work, as Christopher Mims describes it in the Wall Street Journal , is that our smart devices will send software updates to one another, rather than routing them through the cloud, a bit like how peer-to-peer music and movie sharing is done via services like Bittorrent. Find out more on this new service here.
“A lot of founders mix up raising money with making money.” In fact, raising money can cost you money, in the form of that sweet, sweet ownership and equity. So, the startup told me this week that they have raised $10 million to create a new product: ClearAngel. Mobility-as-a-service. Does YC care at all?
“Compensating talent and raising capital are the (only) two things you can use your startup’s equity for, and you need to do both in order for your company to grow large. Mike is also working on a Lisbon survey and we’d love to hear from any investors focused on the city and Portugal in general. Lots of VCs are raising.
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