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Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli. Next stop, Norway.
Klarna is a fintech company based in Sweden. How much will Klarna seek to raise in its IPO? However, Bloomberg reports that the Swedish company is seeking to raise at least $1 billion USD. If the company raises around $1 billion in its IPO, Bloomberg says the companys valuation could be more than $15 billion.
Researchers have found new evidence for a massive subsurface ocean on Mars, again raising the possibility of microbial life lurking deep below the Martian surface. To test their theory, they scanned P- and S-waves from dry, wet, and frozen samples of a Martian rock analog, in the form of diabase rocks from Sweden.
The attack has raised questions about whether security at Sweden’s schools needs to be improved. Sweden’s right-wing government also said last week it would seek to tighten gun laws as the attacker appeared to have used several of his own licensed rifles. Johan Ahlander, Reuters
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 is live in Sweden, U.K.,
Skyqraft , the Swedish startup using AI and drones for electricity powerline inspection, has raised $2.2 Skyqraft, a startup using AI and drones for electricity power-line inspection, raises $505K. million in seed funding, capital it will use to further develop its technology and expand its operations in Europe and in the U.S.
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.
Swedish battery developer and manufacturer Northvolt AB has raised $2.75 This brings Northvolt’s total raised to more than $6.5 The manufacturer’s first gigafactory in Skellefteå, Sweden, will be expanded from 40 GWh to 60 GWh, in part due to increased demand from the Volkswagen order, the company said in a statement.
The Sweden-based company’s product combines visual canvases with documentation to help professionals and teams go from idea to presentable work on the same screen — think Miro meets Notion meets a slew of other tools companies use to keep their knowledge in one place and their projects pointed more or less in the right direction.
Juni , a Swedish pre-launch startup that’s building a banking app and platform for e-commerce and online marketing entrepreneurs, has raised just over €2.1 Leading the round is Berlin-based Cherry Ventures — the first deal, I believe, from newly recruited partner Sophia Bendz, who herself is based in Sweden.
Addressing this, Cerve , a Sweden-based food tech startup, has raised a $2 million seed round for its infrastructure platform that claims to automate wholesalers’ sales operations. As we found during the pandemic, food and beverage distribution is critical, but most food wholesalers’ sales remain manually operated.
The app and the company behind it have been helping people enjoy better wine since 2010, and now the startup has raised $155 million with its Series D round – a sum over twice as large as all of its previous funding to date. This brings the company’s total funding to $221 million to date.
Chunk was initially launched with restaurants and chefs in Sweden. Including the latest round, Stockeld has raised just over $24 million to date. The company also looks to expand out of Sweden and into the U.S. “We We have ambitious investors who understand what we are trying to do,” Tavakoli said. “We
Zaver , a Swedish fintech that enable merchants to accept cardless payments and offer buy-now-pay-later (BNPL) as an option, has raised $5 million in new funding. Its target market is “durables,” starting in Sweden. Swedish fintech Zaver has raised $1.2M seed for its P2P payments platform.
It brings the total funding raised by Liberis to £200 million, including more than £50 million in equity funding. Finland, Sweden, Czech Republic and Slovakia). Liberis raises £57.5M To date, 2007-founded Liberis has provided over £500 million in financing to 16,000 SMEs across Europe, the U.S. and the U.K.
These vehicles are already available to shipping companies and carriers in Sweden and in the U.S. 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. Expansion drive.
Cloud-based human resource (HR) platform HiBob today announced that it has raised $150 million in a Series D round of funding at a $2.45 This represents a nearly 50% increase compared to its Series C valuation round just 10 months ago , when it also raised $150 million. billion valuation.
His new venture, called Inrupt, wants to fix some of the mess many of those companies have made — and it’s in the market to raise money. The startup has signed contracts with governments of Sweden, Argentina and Basque. These partnerships have not been previously reported.
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. No one likes a down round. They are dilutive, messy and demoralizing.
Royal went on to raised a total of $71 million , including from the likes of a16z Crypto. That’s good news for web3 music company AnotherBlock , based out of Sweden. Traore, Sebastian Ljungberg, and Filip Strömsten in 2022, the blockchain-based marketplace for music has now raised a €4 million funding round led by UK-based Stride.VC.
Numan , the European subscription service covering erectile dysfunction (ED) and men’s wellness/health needs more generally, has raised $40 million in a Series B funding round led by White Star Capital , with participation from existing investors Novator, Vostok New Global, Anthemis Exponential, Colle Capital and new investor Hanwha Group.
New data indicates that France’s startup market is posting record totals in terms of dollars raised. For comparison, that two-quarter figure is billions more than French startups raised in all of 2020. The Exchange explores startups, markets and money.
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.
The startup has raised €70 million ($77 million at today’s rates), at what I understand from a person close to the company to be a $2 billion post-money valuation. From what I understand, it is already raising its Series E, which is expected to close in May of this year at an even higher valuation. Augustinus Fabrikker.
In the latest development, Annotell , a startup out of Sweden that makes software to assess the performance of autonomous systems’ perception capabilities, and how to improve that, is today announcing that it has raised $24 million to expand its business. We guide our customers on how to improve it.”
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. Terms vary, but the space is very active. TechCrunch covered Scalapay’s January $48 million round , what the Italian BNPL described as a seed round. million Series B for its BNPL efforts.
French startup Ankorstore has raised a $102 million Series B funding round (€84 million). This is a significant funding round as it comes just a few months after the company raised €25 million. Germany, the Netherlands and Sweden as growth markets. The company’s co-founder Nicolas Cohen mentions the U.K.,
It has now raised $18.8 Founded in Gothenburg, Sweden in 2016, Minna enables customers to manage subscription services via their existing bank’s app. Step in Minna Technologies , which sells in its subscription management services into banking apps. million (€15.5
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.
It has raised a total of $22.85 At the time, Swedish startup Lendo – a precursor to FinanZero – was making waves in Sweden, and the team felt that a similar model would succeed in Brazil, a country known for its bureaucracy and red tape, and thus primed for a streamlined and hassle-free approach to loans. million to date.
MAJORITY , a mobile banking service for migrants to the United States, said on Tuesday it had raised $27 million in its Series A funding round led by Valar Ventures. Other existing investors, including Avid Ventures , Heartcore Capital and a group of Nordic fintech founders, also participated in the raise. Larsson said.
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.
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.
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. As BNPL startups raise, a look at Klarna, Affirm and Afterpay earnings. That sees the company retain the crown as the highest valued private fintech in Europe.
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.
Sweden often hosts a big part of that journey, its cold northern expanses offering the perfect mix of frigid temperatures and frozen surfaces. That's the question that brought me to Sweden. Before a new car comes to market, it's subjected to many months, sometimes years, of rigorous testing around the world.
and Velove in Sweden are also trying to address the last-mile delivery space, but they’re more focused on container deliveries that can even accommodate middle-mile than food deliveries, which is where Zoomo specializes for now. ” Companies like URB-E in the U.S.
Open source password management platform Bitwarden has made its first known acquisition, snapping up a fledgling Sweden-based startup called Passwordless.dev , which specializes in helping developers integrate passwordless authentication technology into their software. The password problem.
Billogram , which has built a platform for third parties to build and handle any kind of recurring payments (not one-off purchases), has closed a round of $45 million.
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.
Mavenoid , a Swedish company that provides both human- and AI-enabled support and troubleshooting tools for hardware companies, has raised $30 million in a series B round of funding.
Based in Stockholm, Sweden, Tink operations should continue as usual after the acquisition. According to Crunchbase data , Tink has raised over $300 million from Dawn Capital, Eurazeo, HMI Capital, Insight Partners, PayPal Ventures, Creades, Heartcore Capital and others. Overall, Tink covers 250 million bank customers across Europe.
If you plan to launch a new startup in France, Denmark or Sweden, there is a new seed fund looking for your pitch. Emblem said today that it has raised nearly $54 million (€50 million) for a new European seed fund. And this is only its first close: the firm expects to raise as much as $80 million (€75 million) by the end of the year.
French startup Ankorstore has raised a $283 million Series C funding round (€250 million). In May 2021, when Ankorstore raised its Series B , the company told me it was working with 50,000 shops and 5,000 brands. based company that has raised over $1 billion — it has recently started its European expansion.
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