Sinch tech.eu

Stockholm’s Sinch to acquire SAP Digital Interconnect for €225 million

Stockholm-based Sinch is set to buy part of Germany’s SAP, a communications unit called SAP Digital Interconnect (SDI), for €225 million on a cash and debt-free basis. SDI provides cloud-communication products to enterprise clients, and the Swedish company will acquire all assets and intellectual property as part of the deal. In a press release, Sinch […]

Back Market tech.eu

Paris-based Back Market raises $120 million to expand electronics marketplace and add new services

Back Market, the Paris-based online marketplace for refurbished electronics, has raised $120 million from Goldman Sachs, Aglaé Ventures (the venture arm of Groupe Arnault), and Eurazeo Growth. “Back Market has a clear mission to build a category leader in the circular economy, supporting the world’s transition to more sustainable consumption,” says Alexandre Flavier, an investor […]

Omilia tech.eu

Cyprus-based Omilia gets $20 million to grow its conversational AI for enterprise, after 18 years of bootstrapping

Omilia, a Cyprus-based machine learning company, has secured $20 million in funding from Grafton Capital to continue expanding its conversational AI technology, built for the customer care needs of global enterprises. This is Omilia’s first fundraising of outside investment. In what it considers “one of the few categories of AI that is already delivering significant […]

Oxwash tech.eu

Oxwash, UK startup using ‘space-age technology’ to sterilise laundry, gets £1.4 million in funding

Oxwash, a UK service applying advanced sterilisation technology to everyday laundry, has secured a £1.4 million investment from TrueSight Ventures, Twitter’s Biz Stone, founder of Indeed.com Paul Forster, Founders Factory and other angels. In the last two months, the startup has adapted its service and partnered with the NHS to help front-line medical workers and […]

Flagstone tech.eu

London-based fintech company Flagstone banks £12 million to expand cash deposit marketplace throughout UK

London-based fintech company Flagstone, developer of a cash deposit marketplace, has raised £12 million in a funding round led by OMERS Ventures, with support from existing investors such as Kindred Capital and Moneysupermarket Group, a holding company of various financial service providers. Attracting businesses and charities as well as individuals, the marketplace provides access to […]