Microsoft acquires Berlin startup Kinvolk, a developer of open source cloud-based projects

Microsoft is bolstering its Azure hybrid container platform capabilities with the purchase of Berlin-based startup Kinvolk, the company behind Flatcar Container Linux, an alternative to CoreOS Container Linux designed for container workloads. Founded in 2015, Kinvolk will henceforth contribute to Azure Kubernetes Service (AKS), Azure Arc, “and future projects that will expand Azure’s hybrid container […]

Sweden’s freight mobility provider Einride cruises into $110 million in Soros-backed Series B round

Sweden’s electric and autonomous freight mobility maker Einride has raised $110 million in a Series B round from new investors Temasek, Soros Fund Management, Northzone, Build Capital, and Maersk Growth. Existing investors EQT Ventures, Plum Alley, Norrsken VC, Ericsson, and NordicNinja VC also participated. The $110 million is slated to scale up deployments to customers […]

Amsterdam-based e-commerce platform Orderchamp raises $20 million, seeks to sew up European market

Amsterdam’s wholesale marketplace scaleup Orderchamp has $20 million in a Series A round led by Prime Ventures. Existing investors henQ and several angel investors also participated in the raise. Independent retailer-friendly Orderchamp is expecting to use the capital to expand the company’s international presence, improve the purchasing experience, and ramp up integrations with commerce systems. […]

Düsseldorf-based commodities trading platform Metalshub hammers home $11 million, pulls entire industry to the 21st-century forge

Metal industry digital trading and price intelligence platform Metalshub has raised $11 million in a Series A round in their move to kill email and spreadsheet commercial trading for good. The round was led by Acton Capital and saw participation from existing investors Point Nine, Chrome Invest, and several angel investors. The funding will be […]

London’s Sprout raises £8 million, responds to global demand, presses forward with R&D

London-based insurance platform Sprout.ai has raised £8 million in a Series A round. Led by one of Europe’s most active early-stage investors, Octopus Ventures, existing investors Amadeus Capital Partners, Playfair Capital, and Techstars participated. The funding is expected to further propel R&D projects as well as recruit additional talent. “Sprout.ai’s technology has gained traction fast […]