AI-powered insurance pricing automation platform Akur8 raises $30 million

Akur8, who uses a proprietary “Transparent AI” to automate insurance pricing, has landed $30 million from BlackFin Capital and MTech Capital in order to help actuaries and pricing teams make better, faster decisions. To date, Akur8 has raised $42 million. Founded in 2018 by Guillaume Beraud-Sudreau and Samuel Falmagne, Akura8 automates the generation of pricing […]

Scaling up internationally from France: le good, la bad and l’ugly

France’s tech sector has been on a tear for years now, even before French president Emmanuel Macron announced his ambition to transform the country into a “unicorn nation,” launching a bunch of tech business initiatives to foster home-grown startups and attract foreign ones.  In its 2020 French Venture Capital Barometer, consultancy EY said that during […]

Paris-based mobile games publisher Voodoo pwns Tel Aviv’s Bidshake

Parisian mobile games published Voodoo has acquired Tel Aviv-based cross-channel marketing automation platform Bidshake. Bidshake will remain an independent entity and operate independently, while the financials of the deal were not disclosed. Founded in 2019 and launched in 2020, Bidshake provides a one-stop marketing automation solution for games publishers to acquire users and ultimately monetise. […]

Parisian financial real-time data wrangler Pennylane corrals €15 million in new funding

Paris-based financial and account management solutions provider Pennylane has raised €15 million in new funding from Sequoia Capital. The is Sequoia’s first investment since establishing an on-the-ground presence in Europe and now places Pennylane in the same portfolio as Stripe, Paypal, and Square. The funding is expected to further fuel the fintech’s technology offer, product, […]

PSG’s partnership spree continues, Paris-based marketing management platform Artur’in secures €42 Million

Paris-based automated digital marketing solutions provider Artur’in has secured €42 Million via PSG. As we’ve seen with a number of their recent investments, PSG will “partner with Artur’In to accelerate its growth, support the ongoing development of Artur’In’s digital solutions and drive the company’s expansion into new sectors and geographies, both organically and via M&A.” […]

Paris-based application performance monitoring tool Blackfire acquired by Platform.sh

Parisian makes-your-app-run-faster service Blackfire has received intent to be acquired by crosstown friend, web and app scaling services provider Platform.sh. No staffing changes are planned, and Blackfire CEO and founder Fabien Potencier will join the Platform.sh executive team. Financial details of the deal were undisclosed. “With this acquisition Platform.sh furthers our vision that organizations should […]

Paris-based proptech Matera raises €35 million in Series B round, aims to become THE European residential building management provider

Parisian property tech startup Matera has raised €35 million in a Series B round led by Mubadala Capital. As with all things French, naturally, Bpifrance took part, alongside Burda Principal Investments. Existing investors Index Ventures and Samaipata also participated. Matera is reporting that the new capital will be used to fuel its European expansion with […]