Knowledge management platform KMS Lighthouse has announced the acquisition of fellow Israeli startup Reps AI, which specialises in AI-driven agent and employee assist technology. Although the financial terms are undisclosed, Reps AI achieved a valuation of $20 million during its last funding round in 2019. At present, Lighthouse helps businesses in various industries reduce agent […]
Portuguese venture capital firm Faber has announced the first close of Faber Tech II at €20.5 million, with a goal of reaching €30 million in the next few months. The new fund will focus on early-stage, data-driven startups in Southern Europe, especially Iberia, that want to scale globally. The VC is looking for teams that […]
Qantev, a French startup developing an enterprise platform for health insurers, has raised $1.7 million in seed funding. The round was led by Elaia Partners and joined by British deep tech investor Entrepreneur First, plus angels such as Gwénaël Moy, former CEO of AX. The platform trains predictive models on millions of insurance claims to […]
Berlin-based startup Finiata, which gives flexible credit lines to small businesses, has raised €7 million in a follow-on funding round from most existing investors. The European Investment Fund is also participating through the Corona Matching Facility. Finiata’s machine learning algorithm ‘Copernicus’ determines the creditworthiness of potential borrowers within a few minutes and – assuming a […]
Capitalising on the ecommerce surge driven by the pandemic, two brothers from Hamburg founded a new company in London, Heroes, to buy well-performing Amazon businesses and scale them up. That was in June. Today, Heroes announced it has raised $65 million in a seed funding round led by Fuel Ventures and 360 Capital Partners with […]
London-based VC Seedcamp has announced the £78 million first and final close of its fifth fund, which will go to pre-seed and seed stage investments. Some capital will be reserved for follow-on rounds up to Series B. Seedcamp launched in 2007 and has since built a portfolio of over 360 startups, including European decacorn, UiPath, […]
Fnatic, a London-based global esports brand, has raised $10 million to continue global expansion and support its esports teams in competition. The round was led by Beringea, with participation from existing investors Unbound, LVL1 Group, JHD as well as key management. Building on the momentum of this investment round, Fnatic announced that it has also […]
