Add another unicorn to the list, Paris-based Shift Technology raises $220 million in Series D round, valued at over $1 billion

Paris-based AI SaaS provider to the insurance industry Shift Technology has raised $220 million in a Series D round led by Advent International. Avenir, Accel, Bessemer Venture Partners, General Catalyst, and Iris Capital also participated. With this round, Shift’s total investment to date rises to $320 million and gives the company a valuation of over […]

Houston, we have liftoff: Mattias Ljungman launches data-driven $60 million early-stage fund Moonfire

Moonfire Ventures founder and former Atomico co-founder Mattias Ljungman has launched a new $60 million fund with the goal of becoming the most data-driven VC firm in Europe. Moonfire Ventures’ LPs include the standard non-disclosure of institutional investors and high-profile entrepreneurs and VCs, with US-based seed fund investment firm Cendana Capital serving as the anchor […]

Kahoot to buy American edtech firm Clever for up to $500 million

Not often that a European tech company buys a US-based company for half a billion dollars, but here we are: Norway’s Kahoot this morning announced that it is acquiring California-based Clever, a K-12 EdTech learning platform. The combination of two of the world’s leading digital learning platforms will set Kahoot back up to $500 million, […]

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. […]