Target Global, an international VC firm headquartered in Berlin, has announced a new mobility and transportation-focused fund to target startups in Europe and Israel. The “evergreen” fund doesn’t have an end date and can deploy up to $300 million in capital over its lifetime. For the first year, it already has $100 million in commitments. […]
Spanish startup Spotahome raises $40 million to expand its property rental platform
Spotahome, a Madrid-based home rental startup, has raised $40 million in funding in a round led by Kleiner Perkins Caufield & Byers, Bloomberg reports. Founded in 2014, the company has picked up a total of $64 million to date. Spotahome’s online platform offers a hotel booking-like experience for renters interested in mid to long-term accommodation. […]
Berlin-based Caroobi secures $20 million to fuel its international expansion
Germany’s Caroobi, an online platform that connects car mechanics with both customers and car parts sellers, has raised a $20 million Series B funding round led by NGP Capital. The company, which has picked up north of $35 million in funding to date, plans to use the latest capital injection to kick off its international […]
Germany’s XAIN raises €6 million for its blockchain-based AI network solution
Oxford-founded and Berlin-based startup XAIN AG has raised €6 million in a seed funding round led by Earlybird. The company, which won Porsche’s Blockchain Innovation Contest in 2017, is working on a blockchain-based protocol that would allow to securely control access to data, resources, and machines in IoT environments. Together with Porsche, the team of […]
Report: European seed investors jump at AI and SaaS startups but shun e-commerce
More than 60 percent of European seed-stage investors are most excited about artificial intelligence, SaaS, and marketplace applications, according to a new “Sentiment of Seed Investors in Europe” report launched today by Mosaic Ventures, a London-based VC firm. At the same time, some two thirds of the 60 surveyed investors name e-commerce as the sector […]
German startup Stocard raises $20 million to move beyond loyalty cards and double the team
Germany-founded mobile loyalty wallet startup Stocard has announced raising $20 million in a round led by Macquarie Capital, with follow-on funding from original investors Shortcut, Alstin, Rocketship, High-Tech Gründerfonds, and Engelhorn. The company says it will use the capital injection to hire 40 new employees and expand geographically by opening an office in Paris today […]