Tallinn-based Bolt receives €20 million in investment, targets Eastern Europe and further African expansion

Mobility platform Bolt has recently received a €20 million investment from IFC, a member of the World Bank Group. The fresh investment is earmarked to creating earning opportunities and stimulate small-scale entrepreneurship, as well as improve access to transportation in emerging economies, primarily Eastern Europe and Africa. Bolt entered the African market in 2016 via […]

Tel Aviv-based BLEND closes on $10 million funding round

BLEND, formerly OneHourTranslation, has just closed a $10 million funding round that is expected to fuel continued growth. Previous investor Fortissimo Capital led the round. BLEND capitalises on OneHourTranslation’s AI driven language technology, 25,000 linguists, and proprietary tech and assists global brands in establishing a native presence and tone in vastly different markets. Not just […]

Sofinnova Partners closes crossover fund at €445 Million

Paris, London and Milan-based Sofinnova Partners has recently announced the closing of their oversubscribed late-stage healthcare crossover fund at €445 Million. This now comprises the largest crossover investor dedicated late-stage biopharma and medtech fund in Europe. Sofinnova is expected to Maintain their focus on European companies in need of scale-up capital, but will also support […]

Munich-based IDnow acquires identity Trust Management

Munich-based IDnow is on a mission to become one of Europe’s leading identity platforms. With the announcement of their acquisition of identity Trust Management, the second within the last six months, the mission is clearly progressing. No financial details were provided. For the past decade identity Trust Management has been a key player in the […]