Update: Cash-strapped Wonga goes into administration in the UK
Update: That’s it for Wonga’s UK business. The beleaguered payday loans company has just confirmed it’s gone into administration. Although it says its overseas businesses are continuing to trade — at...
View Article83North closes $300M fifth fund focused on Europe, Israel
83North has closed its fifth fund, completing an oversubscribed $300 million raise and bringing its total capital under management to $1.1BN+. The VC firm, which spun out from Silicon Valley giant...
View ArticleLaurel Bowden of VC firm 83North on the European deep tech and startup...
London and Tel Aviv based VC firm 83North has closed out its fifth fund at $300 million, as we reported earlier. It last raised a $250 million fund in 2017 and expects to continue the same investment...
View ArticleNo-code industrial robotics programming startup Wandelbots raises $30 million
Dresden, Germany-based Wandelbots — a startup dedicated to making it easier for non-programmers to “teach” industrial robots how to do specific tasks — has raised a $30 million Series B funding round...
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Exotec raises $90 million for its warehouse robots
French startup Exotec has raised a $90 million Series C round led by 83North, with existing investors Iris Capital and Breega also participating. Other existing investors include 360 Capital. The...
View ArticleIbex Medical Analytics raises $38M for its AI-powered cancer diagnostic platform
Israel-based Ibex Medical Analytics, which has an AI-driven imaging technology to detect cancer cells in biopsies more efficiently, has raised a $38 million Series B financing round led by Octopus...
View ArticleHolidu books $45M after growing its vacation rentals business ~50% YoY during...
Vacation rental startup Holidu has tucked $45 million in Series D funding into its suitcase — bringing its total raised since being founded back in 2014 to more than $120 million. The latest funding...
View ArticleSpeedata emerges from stealth with $70M and groundbreaking chip technology to...
Data centers are taking on ever-more specialized chips to handle different kinds of workloads, moving away from CPUs and adopting GPUs and other kinds of accelerators to handle more complex and...
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Celonis takes $27.5M led by Accel, 83North to grow the market for big data...
How do big businesses optimize IT-driven processes? Often by hiring management consultants to cast an expert eye over digital traceries and deliver recommendations for improving core operations like...
View Article83North closes $250M fourth fund focused on European, Israeli startups
European VC firm 83North (formerly Greylock IL), which since 2008 has focused on backing startups in Europe and Israel, has closed its fourth fund — taking $250M in a raise that it says was both...
View ArticleEx-CEO of Just Eat joins VC firm 83North as General Partner
More career moves in the world of European VC. This time it’s the turn of David Buttress, ex-CEO of Just Eat, who is joining 83North as a General Partner where he’ll be based in the VC firm’s London...
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Landa can make you a landlord with just $5
It’s safe to say that millions of Americans dream of becoming real estate investors but can’t or don’t due to a variety of challenges, including lack of accreditation, capital and time. So it’s no...
View ArticleHolidu pockets $102M to keep growing its vacation rentals business in Europe
Munich-based software and services vacation rental startup, Holidu, has topped up its coffers with an oversubscribed €104 million (~$102 million) Series E funding round of equity and debt, led by...
View ArticleTrigo raises $100M to expand its Amazon-style cashier-free store technology
Amazon has become the pacemaker in commerce, and today a startup that’s been building technology to help retailers keep up with it in the world of physical stores is announcing some funding to expand...
View ArticleTransit tech company Via raises $110M at $3.5B valuation
On-demand shuttle service and transit tech company Via has raised another $110 million, bringing the company’s total funding to around $1 billion. The fresh capital pushes Via’s valuation up to $3.5...
View ArticleWoven Capital, Nvidia back Foretellix’s autonomous vehicle validation tech
Startups working on driverless cars fully may no longer attract the kind of nine-figure acquisition or funding offers that were prevalent just a few years ago. But there are still pockets within the...
View ArticleFloLive connects with $47M to give its IoT and localized cellular technology...
Carriers and enterprises that rely on cellular networks to connect workers, devices and machines are forever grappling with tricky unit economics: The promise of 5G was that these costs would come...
View ArticleAI revolutionizing MRI scans — a Munich startup banked $32M to scan eggs, and...
Germany, France and Italy are among the countries which last year enacted laws to stop the practice of culling male day-old chicks, because, as they do not lay eggs, they are considered surplus to...
View ArticleForetellix raises an extra $42M to build and test self-driving scenarios
On their way to building fully autonomous vehicles, self-driving car makers are facing a tall task: training their AIs to be able to respond reliably to any and all scenarios that a car, truck or bus...
View ArticleVertice raises $25M for AI-based tools to help companies tackle software spend
When you say the phrase “expense management” in a business context, people might think of software like Concur that tracks what you spend on travel, entertainment and other work-related activities; or...
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