Russian e-commerce platform Ozon has raised $50 million from US-based VC Princeville Capital, plus $100 million from existing investors Baring Vostok Capital Partners and Sistema. The round of financing is a convertible loan that can be turned into equity. “The Russian e-commerce market is experiencing significant growth driven by the increasing penetration of online sales […]
Qarnot Computing, a French company developing sustainable high performance computing (HPC), has raised a €6 million Series B round from Banque des Territoires, Caisse des Dépôts, Engie Rassembleur d’Énergies, A/O PropTech, and Groupe Casino. A combination of climate tech and cloud computing, Qarnot sells cloud computing capacity to clients. When its computer servers generate heat, […]
Proximity Data Centres, a regional edge colocation provider in the UK, has announced a new investment from ICG-Longbow, the real estate division of Intermediate Capital Group. The funding will fuel an £80 million rollout of new data centres across the region. Citing increasing data requirements driven by Industry 4.0 and the internet of things, Proximity […]
Bulgarian VC fund New Vision 3 and the Bulgarian American Credit Bank (BACB) have made new investments in two Sofia-based fintech startups. Paynetics, a payment service provider, received €2.5 million; and phyre, an e-wallet platform, received €1.55 million. “Fintech is one of the core market verticals in the investment strategy of our new fund — […]
Dublin-based edtech startup Code Institute has raised €1.2 million to expand its online learning platform internationally. The round was led by Kernel Capital, through the Bank of Ireland Kernel Capital Growth Funds, and Infinity Capital. The distance learning platform offers university-accredited courses on coding, used by individual learners as well as employees at enterprise companies […]
Preply, a Ukrainian online learning platform, has raised $10 million in a round led by London-based Hoxton Ventures, with participation from Point Nine Capital, All Iron Ventures, The Family, EduCapital, and Diligent Capital. Founded in 2013, the platform uses machine learning to pair tutors with learners, wherever they are in the world. According to a […]
Paris-based deep tech startup Internest has received bridge funding from Luxembourg fund Boundary Holding. The exact amount of the pre-series A round was not disclosed. The French company has developed technology that guides drones to precise landings, whether on fixed or mobile targets, even in harsh weather conditions. Known as a Local Landing System (LoLaS), […]
