Frankfurt-based Thinksurance, an insurance distribution platform, has raised a €13 million Series B from Eight Roads Ventures. The commercial insurance industry in Germany alone is worth almost €30 billion in premiums per year and continues to grow, but transactions between insurers and distributors remain mostly manual. Founded in 2016, Thinksurance has built a platform for […]
Upstream Security, an Israeli automotive cybersecurity company, announced a $30 million Series B round, led by Alliance Ventures, an automotive alliance constituting Renault, Mitsubishi, and Nissan. Volvo Group, Hyundai, Charles River Ventures, Glilot Capital, Maniv Mobility, and Nationwide also participated in the round. The Tel Aviv-based startup provides cybersecurity solutions designed specifically to protect connected […]
Speechmatics, a Cambridge-based startup applying machine learning to automatic speech recognition (ASR), has raised a £6.35 million Series A round, led by AlbionVC with support from IQ Capital and several angel investors. Awarded a Queen’s Award for Enterprise in ‘Innovation’ earlier this year, the Speechmatics technology stands out for its accuracy, wide variety of languages, […]
These were the 10 biggest European tech stories this week
Speys, a Finland-based Digital Party Logistics (DPL) operator focusing on automation of logistics, and the Estonian startup Shipitwise have announced the planned merger of their business operations. Joined together, the Finnish and Estonian companies will provide digital logistic solutions that enable manufacturers and retailers to outsource some operations to virtual teams and automated tools. Speys […]
Nu Quantum, the Cambridge-based quantum photonics company, raised a £650,000 pre-seed investment round led by Amadeus Capital Partners, with support from IQ Capital, Ahren Capital, Cambridge Enterprise and Martlet Capital, the investment arm of Marshall of Cambridge Group. Nu Quantum is one of the few quantum companies trying to apply the technology in “free space” […]
Lemon Way, a Paris-based payment processor for marketplaces and crowdfunding platforms, has raised €25 million from Toscafund Asset Management. Bootstrapped for twelve years, this is the company’s second investment round to strengthen and expand its presence across Europe. Lemon Way offers payment processing, wallet management, and third-party payments. The platform serves 1,400 marketplaces and partners […]