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In what could be one of the most high-profile fintech public offerings this year, Swedish Buy Now, Pay Later (BNPL) giant Klarna has filed paperwork with the U.S. Securities and Exchange Commission (SEC) relating to an initial proposed public offering. Klarna is a fintech company based in Sweden. Whats happened? What is Klarna?
Tim Berners-Lee’s startup, Inrupt, has raised about $30 million in its Series A financing round, a source familiar with the matter said. TechCrunch reported in late October that the three-year-old Inrupt was in talks to raise between $30 million to $50 million. Inrupt’s customers include governments and enterprises.
Swiss startup Frontify raises $50 million , more than double its previous round’s size. And from Sweden, EV company Polestar may go public via a SPAC , as EV company Cake raises $60 million. Nice to see Sweden do so well in a key business category. Tesla is doing FSD stuff , which confuses us.
European fintech Klarna has confirmed that it has raised $800 million at a pretty hefty valuation drop. Rumors have been circulating for at least the past month that Sweden-based Klarna, best known as a “ buy now, pay later ” service provider, was seeking to raise new funds. billion valuation exactly a year ago.
Lunar , the Nordic challenger bank that started out life as a personal finance manager app (PFM) but acquired a full banking license in 2019, has raised €40 million in Series C funding from existing investors. Overall, the bank has 5,000 business users and 200,000 private users across Denmark, Sweden and Norway. Augustinus Fabrikker.
Also this year, we’ve seen France’s Alma raise a $59.4 Klarna, based in Sweden, is said to be considering a direct listing. Afterpay, based in Australia, went public a few years ago. And then there’s Affirm, the recently public U.S.-based Terms vary, but the space is very active.
Klarna , the Swedish buy now, pay later behemoth and upstart bank, has raised $1 billion in new funding at a post-money valuation of $31 billion. That’s likely prompted by reports the company is eyeing up a direct public listing and the current appetite for public tech stocks in general.
Autonomous and electric truck maker Einride is rolling into Germany, representing its first new market in Europe outside its native Sweden. Founded out of Stockholm in 2016, Einride has raised some $150 million in funding to commercialize a cab-less autonomous cargo truck, one that can be controlled remotely, if required, by human operators.
The Wall Street Journal reported today, citing anonymous sources, that Klarna was “negotiating to raise about $650 million mostly from existing investors led by Sequoia Capital.” As Klarna looks to raise more capital, is it cutting its valuation enough? Sequoia chairman Michael Moritz is also chairman of the embattled payments giant.
The company is live in 23 European markets and plans soon to expand to Croatia, Hungary and Sweden. UK challenger bank Starling raises $376M, now valued at $1.9B. The funding is notable in part because of who is doing the investing.
On Wednesday, Sono Group, the parent company to Sono Motors, went public. 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. It opened for trading on the Nasdaq at $20.06
Walk through any public park these days and you will see a hell of a lot more dogs than you might have done three years ago. Over in the EU you’ll find Dalma (France), Lassie (Sweden) and ManyPets (Sweden). The loneliness of the pandemic lockdowns led to an explosion in pet ownership.
Rivian is an electric vehicle startup that’s building an electric SUV and an electric pickup truck – it went public last week at an implied valuation of $90 billion. . “We really see ourselves disrupting Rivian,” Mina Nada, CEO and co-founder of Zoomo, told TechCrunch. ” Companies like URB-E in the U.S.
The aggressive push into new markets is fueled by the $750 million Series A funding round Zeekr raised in February, which shot the automaker’s post-money valuation up to $13 billion. Prior to that raise, Zeekr said it had filed confidentially for an initial public offering in the U.S.
In 1999, the Greenpeace national offices in Denmark, Sweden, Finland and Norway united to form one regional entity: Greenpeace Nordic. The last few years have been pivotal for the environmental movement as the effects of climate change and shifting global weather patterns have become increasingly apparent and driven up public awareness.
Anna To SVB and back The Exchange recently noted how Sweden was punching above its weight in terms of startup dollars raised per capita. His health tech company, which has raised $26 million to date according to Crunchbase , is both Israeli and American. We talked to one of them, MDI Health CEO Avishai Ben-Tovim.
This nonprofit social arm of the juggernaut game developer has helped to raise more than $7 million for charities through FarmVille 24 million users alone. In Philanthropy. Zynga.org ( [link] ) was created with the mission to use games to help those in need. Around Gender.
Minut just raised $14 million to further expand its privacy-forward “shhhh, it’s time to take it down a few notches” solutions for the hospitality sector. Sweden, France and Spain. “I was talking with one of the first employees at Airbnb, when they were at Y Combinator. .” It has offices in the U.S.,
Ageras is not disclosing its valuation, but this report in Danish publication Borsen pegs it at 1.5 We’re also asking how much it has raised in the past. Sweden, Norway, Holland and Germany. Pennylane raises $18.4 Indian logistics startup Xpressbees raises $110 million. million for its accounting service.
I was raised to serve. I studied sociology, did a summer internship for the National Coalition for the Homeless , studied in Sweden for a semester (so that I could understand how their public policy worked), co-chaired Vassar''s Hunger Action chapter, and wrote a couple pieces about social-changey things for the student newspapers.
On September 19, I reported how Boundless Rider and CoverTree each raised millions of dollars to provide insurance for very specialized products. Then, midweek, I covered Pie Insurance’s massive $315 million Series D raise. Boundless Rider was founded specifically to serve riders of motorcycles, e-bikes and power sport vehicles. “And
Opibus first announced plans to roll out electric public transport buses last year when it raised $7.5 The company is now slowly pivoting to the building of EVs and supportive infrastructure like public charging stations. million in a pre-Series A round.
With this new mechanism, fund managers should be able to raise a new fund more easily. In France, private insurance companies and public investors are also participating in the late-stage funds following the Tibi initiative. Some national investment banks, such as Bpifrance, have also been backing funds in their own countries.
Swedish digital health startup Kry , which offers a telehealth service (and software tools) to connect clinicians with patients for remote consultations, last raised just before the pandemic hit in Western Europe, netting a €140M Series C in January 2020. That agility in a time of public health crisis has clearly paid off.
The notion that Better.com, which has had so many setbacks and so much negative publicity, could actually go public in an environment where even companies that are growing and can share positive financial metrics are hesitating is pretty difficult to believe. The Netherlands and Sweden in May 2022. on May 5, 2022.
Cultures Eric Jacobson on Leadership and Management Erin Meyer INSEAD Leadership Public Affairs Books The Culture Map' The Culture Map is filled with engaging, real-life stories and anecdotes from around the world. Thanks to the book''s publisher for sending me a copy of the book.
While the two companies didn’t share the terms of the deal, Ford originally bought Spin in 2018 for $100 million, and Tier recently raised a $200 million round that it said it would use for acquisitions, among other things, so a ballpark guess would put the number somewhere in between? million to expand its team and operations.
The EV brand filed for an initial public offering in New York last December in the hope of raising more than $1 billion at a valuation of more than $10 billion. It has also made a foray into the European market, currently selling EVs in the Netherlands and Sweden.
Make room for yet another preventative health play: Spotify founder Daniel Ek officially confirmed rumors of his new “health tech” startup, Neko, Friday by quietly kicking off a body scanning service in Sweden (via Tech EU ) after four years of stealthy development.
The attack has raised questions about whether security at Sweden’s schools needs to be improved. Unlike in many other countries, schools are generally seen as semi-public spaces and rarely have any controls on who can come and go. Johan Ahlander, Reuters
The Wall Street Journal reports : The Sweden-based payments company is aiming to raise up to $1 billion from new and existing investors in a deal that could value it in the low $30-billion-range after the money is injected, the people said. Affirm is public and other players that have BNPL services are also publicly traded.
San Francisco-based Bolt is fresh off of raising $393 million in Series D funding in October, bringing total capital raised to date to $600 million. Tipser’s presence in Sweden will now also serve as Bolt’s European headquarters to go with the company’s recent announcement of expanding into Europe.
Founded in 2013 (or 2014 depending on the source), the Chicago-based company has raised over $82 million in funding over its lifetime from investors such as FinTech Collective and Oak HC/FT , according to Crunchbase. Its biggest competitor, Bolt, raised “roughly 50 times that figure,” according to The Information. .
To fund development of the marketplace, the team has raised around $4 million in total to date — mainly comprised of a $3.6M Alfred is from a small village in the middle of nowhere in Sweden, I grew up in an immigrant family, and Sam is a working class bloke from Leeds. And we had fairly little exposure to opportunity.
She raised her voice almost immediately: “‘You’re killing people. The UK certainly hasn’t been alone in suffering arson attacks, with similar incidents reported in the Netherlands, Ireland, Belgium, Italy, Cyprus, and Sweden. Openreach says it’s made educating the public about its networks a top priority. The solution?
Fridays for Future, the global movement that started with teen activist Greta Thunberg’s climate strikes in Sweden, posted a tweet on September 28th to call attention to numerous accounts suspended around the world this year. The suspension has drawn concern from around the world. This is unacceptable.
Harley-Davidson announced that its taking electric motorcycle division LiveWire public through a merger with a blank check company sponsored by executives of AEA Investors and Bridges Fund Management. My prediction: if 2020 and 2021 were the years of the SPAC, 2022 will be the year of the public spin out. Deal of the week.
So, there’s a company in Sweden, providing an application server, and they were great products but terrible support. We have spent a lot of time talking on policy, and to be fair, I invited you here to talk about policy, but you said public policy is a strategic advantage for a company like yours.
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