Category: Startups
Speedinvest raises new €190M fund to continue backing early-stage European tech startups
Speedinvest, the European seed-stage VC that was started from Vienna but has since added offices in London, Berlin, Munich and San Francisco, has raised a new €190 million fund. It brings the firm’s total assets under management to more than €400 million. Describing its third fund as “oversubscribed” and ahead…
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Revolut raises $500 million at $5.5 billion valuation
Fintech startup Revolut is raising a large Series D round of funding. TCV is leading the $500 million round, valuing the company at $5.5 billion. Over the past few years, Revolut has raised $836 million in total. Some existing investors are also participating in today’s funding round, but Revolut isn’t…
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VC firm Oxx says SaaS startups should avoid high-risk growth models
‘The companies that best meet their customers’ needs always end up winning’ Steve O’Hear @sohear / 8 hours Oxx, a European venture capital firm co-founded by Richard Anton and Mikael Johnsson, this month announced the closing of its debut fund of $133 million to back “Europe’s most promising SaaS companies”…
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Mirantis co-founder launches FreedomFi to bring private LTE networks to enterprises
Boris Renski, the co-founder of Mirantis, one of the earliest and best-funded players in the OpenStack space a few years ago (which then mostly pivoted to Kubernetes and DevOps), has left his role as CMO to focus his efforts on a new startup: FreedomFi. The new company brings together open-source…
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With cinnamon, fruit and mint-flavored nicotine gum, is LA’s Lucy Goods the next Juul?
David Renteln, the Los Angeles-based co-founder of Soylent and the co-founder and chief executive of new nicotine gum manufacturer Lucy Goods, thinks there should be a better-tasting, less-medicinal offering for people looking to quit smoking. That’s why he founded Lucy Goods, and that’s why investors, including RRE Ventures, Vice Ventures…
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Deviceplane wants to bring over-the-air updates to Linux edge devices
Deviceplane, a member of the Y Combinator Winter 2020 class is developing an open source toolset to manage, monitor and update Linux devices running at the edge, “We solve the hard infrastructure problems that all these companies face including network conductivity, SSH access, orchestrating and deployment of remote updates, hosting,…
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