WeGift, the ‘reward marketing’ platform, gathers $8M in brand-new financing

WeGift, the ‘reward marketing’ platform, gathers $8M in brand-new financing

WeGift, the London-based startup that has constructed an “incentive marketing” platform that lets companies quickly release e-gift cards and other digital rewards to clients, has actually raised $8 million in brand-new funding. Dubbed a Series A extension, the round is led by AlbionVC. Existing investors consisting of Stride.vc, SAP.iO fund and Unilever Ventures also followed on. Following […] WeGift says it will use the extra capital to continue building out its “real-time infrastructure” for digital rewards and rewards. To do this, WeGift provides a “cloud-based, open API” platform that enables companies to automate sending digital incentives. Because we last covered the start-up, WeGift has grown its network to more than 700 brand name partners (such as Nike and Uber), throughout 30 markets and 20 currencies. …

As e-bikes boom, FuroSystems raises its first venture financing round ahead of a new model launch

As e-bikes boom, FuroSystems raises its first venture financing round ahead of a new model launch

With COVID-19 making commuters change to bikes, and cities wanting cleaner air, the e-bike revolution is only just getting started. Additional evidence of this is the news that today British e-bike maker FuroSystems has closed its very first institutional venture funding round of ₤ 750,000 with participation by TSP Ventures and European impact financial investment bank ClearlySo, as […] , London-based FuroSystems is also bringing an interesting take on the e-bike idea. Secret to its appeal is that its bikes are really light and can for that reason be pedaled like typical bikes when not utilizing the electrical motor., whose carbon-fiber frame makes it one of the lightest e-bikes in the world, weighing just 15 kg. Upcoming will be the Aventa, an e-bike with aerospace-grade alloys; an increase system; hydraulic disk brakes; 9 gears; high-performance clutch; incorporated 504Wh battery; and the weight listed below 17 kg. …

Dija, a new shipment startup from previous Deliveroo staff members, is closing in on a $20M round led by Blossom

Dija, a new shipment startup from previous Deliveroo staff members, is closing in on a $20M round led by Blossom

Dija, a new U.K. based start-up founded by senior previous Deliveroo workers, is closing in on $20 million financing, TechCrunch has discovered. According to numerous sources, the round, which has yet to close, is being led by Bloom Capital, the early stage venture capital firm founded by ex-Index and LocalGlobe VC Ophelia Brown. It’s not […] Few details are public about Dija, other than that it will offer benefit and fresh food shipment using a “dark” benefit store mode, seeing it build out active regional fulfilment centers in metropolitan high population locations for incredibly quick shipment. That stated, the model is yet to be proven all over it’s been attempted and will likely be a capital intensive race in which Dija is off to a great start. …

Marie Ekeland introduces 2050, a new fund with drastically enthusiastic, long-term objectives

Marie Ekeland introduces 2050, a new fund with drastically enthusiastic, long-term objectives

Marie Ekeland has unveiled her next act– and it’s a new fund called 2050. But it’s not your typical French VC fund as it’s going to be an evergreen fund concentrated on developing a better world. It sounds enthusiastic, however Ekeland isn’t just fantasizing as she has a detailed actionplan. , if you’re not [ …]
It’s not your typical French VC fund as it’s going to be an evergreen fund focused on constructing a much better world. With 2050, Ekeland is going back to the drawing board with a different vision when it comes to investment thesis, fund structure and the company’s own worths. 2050 is a fonds de pérennité, which works a bit like a trust fund, a mission-driven fund. …

5 leading investors in Dutch startups talk about patterns, hopes and 2020 opportunities

5 leading investors in Dutch startups talk about patterns, hopes and 2020 opportunities

The Netherlands’ecosystem has been thriving; more than$85 million was invested in local start-ups in 2019 alone. The nation’s proximity to the U.K., Belgium, France and Germany makes Amsterdam a natural entrance to those markets. Long ago the savvy Dutch recognized this, and built up Schiphol to become the world’s twelfth-busiest airport. Certainly, Amsterdam’s [ …]
Plenty of excellent financing rounds, a highly proficient labor force and a strong entrepreneurial culture have provided Amsterdam a flourishing start-up environment. According to a report by Dealroom.co and StartupAmsterdam, there are 1,661 tech business in Amsterdam, while the city ranked fifteenth in Startup Genome’s 2019 report “International Startup Environment Report,” moving up 4 places because 2017. How much are you focused on investing in your local community versus other start-up centers(or all over)in general? Lots of development, terrific infrastructure, great talent.Do you anticipate to see a surge in more creators coming from locations outside major cities in the years to come, with startup centers losing people due to the pandemic and remaining concerns, plus the destination of remote work?I believe startups have actually always been there, investors just don’t tend to look at them. Stefan van Duin, partner, Borski Fund …

Aiming to imitate Venmo, JoomPay preps a Euro launch for easy costs splitting and money payments

Aiming to imitate Venmo, JoomPay preps a Euro launch for easy costs splitting and money payments

JoomPay, a start-up with a similar product to PayPal-owned Venmo
in the U.S., is set to release in Europe soon after being given a Luxembourg Electronic Money Organization(EMI) license. The app enables individuals to get and send cash with anyone, quickly and for free. “Venmo me”
has become a common expression in the U.S., […]
, a start-up with a similar product to PayPal-owned Venmo in the U.S., is set to introduce in Europe shortly after being approved a Luxembourg Electronic Money Organization( EMI )license. Europe leads the world’s instant payments industry, with$18 trillion in worldwide volume predicted by 2025, up from$3 trillion in 2020– a growth of more than 500%. While Europe lacks simple peer-to-peer payments solutions such as Venmo or Square Cash App in the U.S., challenger banks have actually stepped up to supply comparable kinds of services., which has actually been downloaded 150 million times in Europe, has spun-off JoomPay to resolve this problem….

Kahoot drops $50M on Drops to add language learning to its gamified education stable

Kahoot drops $50M on Drops to add language learning to its gamified education stable

After raising$ 215 million from SoftBank to double down on the surge of interest in online learning, Kahoot has made an acquisition to expand the scope of subjects that it covers. The popular startup, which lets individuals build and share educational games, has actually picked up Drops, a start-up that helps individuals learn languages by method […]
The plan is to incorporate more Kahoot features into Drops’ apps, and to bring some of Drops’ content into the primary Kahoot platform.” We are delighted to invite Drops to the broadening Kahoot! “Drops ‘offerings and innovative knowing model are an ideal match to Kahoot! Drops and language learning becomes the latest addition to our growing offering of learning apps for learners of all ages and abilities.” The whole Drops group has spent the last five years constructing a brand-new method to find out language, and we’re just getting started,”said Daniel Farkas, co-founder and CEO, Drops, in a declaration….

Caura, the app for U.K. car owners, starts offering insurance coverage

Caura, the app for U.K. car owners, starts offering insurance coverage

Caura, the U.K. start-up that wants to take the inconvenience out of automobile ownership, is introducing automobile insurance coverage — — revealing its insurtech ambitions. Called “Caura Protect,” the new insurance coverage item claims to decrease the cost and time taken to insure a car, structure on the app’s existing vehicle management features. Launched previously this year by […] Drivers are on-boarded by entering their car registration number and can manage parking, tolls, MOT, roadway tax, blockage charges, and now insurance coverage– a “one-stop shop” app in a similar vein to Echo. Caura is FCA authorized to undergo numerous insurance activities and allows chauffeurs to compare insurers and handle their policy within the app. Called “Caura Protect,” the new insurance coverage product declares to lower the cost and time taken to guarantee an automobile, building on the app’s existing automobile management features….

N26 launches mid-tier membership plan for EUR4.90 per month

N26 launches mid-tier membership plan for EUR4.90 per month

Challenger bank N26 is including a 3rd membership item called N26 Smart. N26 Smart is created to be a mid-tier subscription plan with sophisticated banking features but without a travel insurance coverage package. In Europe, in addition to the free plan, N26 already supplies two subscription tiers called N26 You and N26 Metal. N26 You costs […] In Europe, in addition to the totally free strategy, N26 currently supplies 2 subscription tiers called N26 You and N26 Metal. With an N26 You account, you can produce sub-accounts (N26 Areas), share them with other N26 users or utilize them to conserve cash. N26 is introducing a new round-up function for N26 Smart users. …

7 things we just learnt more about Sequoia’s European expansion plans

7 things we just learnt more about Sequoia’s European expansion plans

Sequoia Capital, the distinguished Silicon Valley equity capital firm that has backed business like Apple, Google, Dropbox, Airbnb and Stripe, recently revealed that it had opened its first workplace in Europe. To staff up, it employed partner Luciana Lixandru away from competing Accel Partners. Even without a main European presence, Sequoia has actually quietly operated in […] Even without a main European presence, Sequoia has quietly run in the region for more than a decade, first investing in Klarna in 2010. Most recently, Sequoia hired Zoe Jervier Hewitt from EQT as head of skill in Europe. When … we desire to invest in the best AI semiconductor business in the world, we looked at them in China, Israel and Europe.”One of the things that I love the most about Sequoia having actually been here close to nine years now is the way that we run is really, extremely group centric, and that everyone is compensated the very same quantity in a fund, whether or not it is the financial investment that they lead or the investment that their partner led,” said Miller. Miller stated portfolio companies in Europe likewise get to work with Sequoia’s operational supporting partners in the U.S., too….