PSG acquires majority stake in Madrid-based end-to-end business software provider Nalanda Global

London/Boston/Kansas City-based PSG has acquired a majority stake in Madrid’s end-to-end business software provider Nalanda. Financials were not disclosed. The acquisition is slated to drive Nalanda’s international growth into new verticals and geographies via M&A activity. “Nalanda is a leading digital automation solution operating with a significant addressable market across multiple large sectors,” said Dany […]

London-based YHANGRY raises $1.5 million to ensure no one is ever hangry

Serving the need to make the most out of social gatherings in a COVID world, YHANGRY has raised $1.5 million, making it possible to book a private chef in a matter of seconds. The seed funding comes from angel investors including Eileen Burbidge (Passion Capital), Carmen Alfonso Rico (Blossom Capital), Martin Mignot (Index Ventures), Jack […]

London-based data extraction platform Kleene raises $1.5 million

SaaS data pipelining for scale-ups platform kleene has raised $1.5 million in their first funding round. Led by Episode 1, the round also saw participation from Superseed and unnamed angel investors. The capital is expected to be put towards expanding the team, delivering on the product road map (support for Microsoft’s Azure Synapse Analytics and Google’s BigQuery), […]

Stockholm-based electric boat maker X Shore pilots their way to €15 million

Stockholm-based modular electric boat brand X Shore has raised €15 million to propel production and industrialisation. The raise was led by Delivery Hero founder Lukasz Gadowski’s Team Europe holding company and saw participation from individual investors including Navin Thukkaram, founder and CEO of Innovation Bootcamp, and Marec Gasiun, former Head of Automotive Business Development at […]

Kiel-based open-source developer platform Gitpod raises $13 million

Open-source developer platform Gitpod has raised $13 million from General Catalyst with participation from Speedinvest, Crane Venture Partners and Vertex Ventures. Used by more than 350,000 developers worldwide, Gitpod helps automate everything a developer needs in order to start coding. I.e. engineering teams no longer have to manually establish local dev environments, saving hours of […]

Berlin-based micro-mobility firm TIER acquires app maker Makery, establishes new tech hub in Budapest

Investing in and developing their presence in the CEE region, Berlin-based TIER has acquired Budapest’s app maker Makery. Financials were not disclosed. The acquisition of Makery will represent TIER’s largest tech-focused office outside of Berlin and London, and Budapest will serve as the tech hub of TIER’s planned expansion into Central and Eastern Europe later […]

Y Combinator-backed financial data collaboration platform Abacum raises $7 million in round led by Creandum

Barcelona-based real-time financial and operational data collaboration tool Abacum has raised $7 million in a round led by Creandum. Existing investors Y Combinator, PROFounders, and K-Fund also participated, as well as angel investors Justin Kan (Atrium and Twitch), Maximilian Tayenthal (N26), Thomas Lehrman (GLG), Avi Meir (TravelPerk), Jenny Bloom (Zapier), and Mike Asher ( Neo4j). […]

London-based open banking platform TrueLayer raises $70 million in Series D round

London-based TrueLayer has raised $70 million in a Series D round bringing the fintech’s total capital raised to $142 million. The round was led by new investor Addition, and saw participation from existing investors including Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek. Additional investors in the round include Visionaries Club, Surojit Chatterjee (CPO […]

Norway’s online grocer Kolonial bags €220 million, rebrands as Oda

As with just about every aspect of our former non-digital lives, the global pandemic has rapidly accelerated changes that were bound to come. And if it wasn’t already apparent, Oslo-based Kolonial’s raise of ~€220 million (2.2 billion NOK) is yet another indicator of the already red hot European online grocery delivery sector. The round was […]