Tag: Europe
Glovo exits the Middle East and drops two LatAm markets in latest food delivery crunch
The new year isn’t even a month old and the food delivery crunch is already taking big bites. Spain’s Glovo has today announced it’s exiting four markets — which it says is part of a goal of pushing for profitability by 2021. Also today, Uber confirmed rumors late last year…
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African fintech firm Flutterwave raises $35M, partners with Worldpay
San Francisco and Lagos-based fintech startup Flutterwave has raised a $35 million Series B round and announced a partnership with Worldpay FIS for payments in Africa. With the funding, Flutterwave will invest in technology and business development to grow market share in existing operating countries, CEO Olugbenga Agboola — aka GB —…
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Stasher, the luggage storage app for travellers, raises $2.5M additional funding
Stasher, the luggage storage app for travellers, has raised $2.5 million in additional funding. Leading the round is Venture Friends, along with various angels including Johan Svanstrom, former president of Expedia-owned Hotels.com. Launched in 2015, and now calling itself a “sharing economy solution” to luggage storage, the Stasher marketplace and…
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Berlin’s Home pulls in €11M Series A for its landlord and tenant solution
Home, the Berlin-based startup that set out offering an app to help landlords manage rentals but has since pivoted to solve the landlord-tenant problem more directly, has raised €11 million in Series A funding. Backing the round is Capnamic, EQT Ventures, FJ Labs and Redalpine, whilst the new capital will…
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Challenger business bank Qonto raises $115 million round led by Tencent and DST Global
French startup Qonto has raised a $115 million Series C funding round led by Tencent and DST Global. Today’s news comes a few days after another French fintech startup Lydia raised some money from Tencent. Existing investors Valar and Alven are also participating in today’s funding round. TransferWise co-founder Taavet…
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Personio, the German HR platform for SMEs, raises $75M Series C at a $500M valuation
Personio, the Germany-founded HR platform for SMEs, has raised $75 million in Series C funding in a round led by Accel. I understand the investment values the company at around $500 million. Also joining is Lightspeed Venture Partners, alongside Lars Dalgaard (the founder and former CEO of SuccessFactors). Existing investors…
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