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Search resuls for: "EQT Ventures"


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British banking-as-a-service fintech Griffin has raised new funding after receiving regulatory approval to be a fully operational bank. The market is god awful, so not having to do a down-round, with outside investors coming in, is the best outcome." Griffin has raised £19.1 million, around $24 million, in a funding round led by MassMutual Ventures, NordicNinja, and Breega, with participation from Notion Capital, EQT Ventures, DG Daiwa and CircleRock. "We are hiring, but unlike earlier rounds, we aren't going on a hiring blitz, as we did the hiring for this round before the round closed. We were about to be a fully operational bank, so we needed operations roles," Jarvis added.
Persons: fintech Griffin, Griffin, David Jarvis, Allen Rohner, Jarvis, We've Organizations: Business, Prudential, Authority, Financial, MassMutual Ventures, NordicNinja, Notion, EQT Ventures, DG Locations: London
Qevlar, a cybersecurity startup, has raised $5 million in seed funding. The Paris-based company uses AI to help identify and manage security risks. Qevlar, an AI-powered cybersecurity startup, has raised $5 million in seed funding. The Paris-based company enables businesses to integrate the Qevlar platform, which then constantly monitors operations, helping identify and monitor security risks in the process. The startup aims to address issues including the alert fatigue faced by security teams and skills shortages in the sector.
Persons: DeepMind's Mehdi Ghissassi Organizations: EQT Ventures, Business Locations: Paris
Employee benefits startup Kota has raised $5.3 million in a seed round led by Swedish investor EQT Ventures. Kota helps businesses and employees track their enrollment and contributions through integrations with benefits providers. "Europe is very fragmented with lots of different pension and insurance plans making it hard for small companies to offer benefits because it's expensive and often very manual." Kota's seed round was led by EQT Ventures with participation from existing investors Northzone and Frontline Ventures. Check out Kota's 11-slide seed funding pitch deck below:
Persons: Luke Mackey, Kota, Mackey, Van Der Voort, Romain Huet, EQT Organizations: EQT Ventures, Irish, Frontline Ventures Locations: Swedish, Europe, Kota
Global VC fintech funding has been cut in half to $23 billion so far this year, per S&P data. Fintech startups focused on solving business issues have remained somewhat resilient. Globally venture capital funding to fintech companies dropped 49% year-on-year to $23 billion in the first half of 2023, according to S&P data. Within that, investment in consumer-facing fintech startups, such as banking and trading apps, has endured an even more torrid year, sliding by 73.8% to $1.9 billion in Q2. Insider spoke to four fintech investors who identified the areas within B2B fintech that are capturing their attention right now.
Persons: Khalil Hefaf, fintech, Hefaf, Uber, Banks, Alix Brunet, Europe's, Weavr, Griffin cofounders Allen Rohner, David Jarvis Griffin, Dan Chaplin, Kaushik Subramanian, Payrails cofounders Emre Talay, Orkhan Abudullayev, Nicolas Thouzeau Payrails, Chaplin Organizations: Target, Mass Mutual Ventures, Griffin, Dawn Capital, Treasury, Payrails, EQT Ventures, London, UBS Locations: Europe, digitize, London, Germany, Payrails
Venture capital funding was cut in half in the first six months of 2023, according to Crunchbase. The dropoff has triggered an uptick in pre-empted deals, where investors back the most exciting startups. Payrails, Cello, and ElevenLabs are among the startups to close pre-emptive deals this year. Venture capital funding to startups has continued to collapse in 2023. The slowdown has led to something of an uptick in pre-empted funding rounds, where investors come forward with deal terms to exciting early-stage businesses before they even begin fundraising.
Persons: VCs, Tom Mendoza Organizations: Venture, Crunchbase, Energy, EQT Ventures Locations: London, Berlin
Nothing, the hardware startup from OnePlus co-founder Carl Pei, raised $96 million from investors in a new round of funding to fuel an expansion of its business into the U.S. and the launch of its new smartphone. Nothing said it has now launched more than 1.5 million products to date. With another $96 million in the bank, the company plans to scale its operations further so that it can produce more products and ramp up sales. Nothing has launched three products to date — the Ear 1, Ear 2 and Ear Stick wireless earbuds, and the Nothing Phone, its first smartphone. Pei first disclosed plans to expand its business in the U.S. in December 2022, in an exclusive interview with CNBC.
Persons: Carl Pei, Tony Zappala, Pei Organizations: OnePlus, Highland, GV, EQT Ventures, C Capital, Swedish House Mafia, Qualcomm, CNBC Locations: London, Highland Europe, U.S
London-based fintech startup Volt is set to raise fresh funds, sources say. The company, founded in 2019, is in talks with VC firm IVP over a deal worth around $50 million. British fintech startup Volt is in talks to raise fresh capital from Silicon Valley investing firm IVP, sources say. The payments firm, founded in 2019, has already raised around $28 million to date and counts Swedish investor EQT Ventures among its biggest backers. Volt is set to raise around $50 million as part of the deal, two London-based sources said.
Persons: Slack, PSD2, IVP, Hopin, Tom Greenwood, Jordan Lawrence Organizations: EQT Ventures, Fuel Ventures, Open Finance Association, Open Banking, IFX Locations: British, Silicon Valley, London, Europe, Volt's, Brazil
German fintech Payrails has brought in a $14.4 million funding extension. The startup has raised the fresh funds from EQT Ventures and General Catalyst. German fintech startup Payrails has raised $14.4 million in a funding extension from EQT Ventures and General Catalyst, the company said on Tuesday. The fresh funds come from EQT Ventures and General Catalyst, confirming previous Insider reportingVC giant Andreessen Horowitz and German investor HV Capital funded a $6.4 million seed round in 2021. "We've grown and now have large enterprises using the product so the fundraising is a decision to help us accelerate our product roadmap."
Persons: Payrails, Catalyst, Andreessen Horowitz, Orkhan, Emre Talay, Nicolas Thouzeau, we've Organizations: EQT Ventures, Capital
Banking-as-a-service startup Griffin just raised $13.5 million in fresh funds. The startup enables businesses to skip the process of finding a banking partner. Check out the 15-slide pitch deck Griffin used to raise the Series A round below. British fintech startup Griffin has raised $13.5 million in fresh funds just months after it secured a UK banking license. Griffin has raised $35.7 million to date, including a $15.5 million raise in July 2022.
Persons: Griffin, David Jarvis, Allen Rohner, we've, Maria Campbell, Campbell Organizations: Financial, MassMutual Ventures, EQT Ventures Locations: London
STOCKHOLM, June 6 (Reuters) - Swedish startup evroc, which is backed by EQT Ventures and Norrsken VC, plans to raise and invest 3 billion euros ($3.2 billion) over the next couple of years to start operating two "hyperscale" data centres. Led by serial entrepreneur Mattias Åström, evroc plans to keep the data within Europe. It has raised a seed round, and plans to build eight hyperscale data centres by 2028, three software development hubs and employ over 3,000 people. It will use a technique called "eco load balancer" which will move data processing between evroc's data centres based on where renewable energy is most readily available and affordable. "When there is sunshine in Spain, we move data processing to Spain; when there's wind in the Netherlands, we move data processing there," Åström said.
Persons: Mattias Åström, Åström, Supantha Mukherjee, Hugh Lawson Organizations: EQT Ventures, Norrsken, Reuters, Thomson Locations: STOCKHOLM, Europe, Spain, Netherlands, Sweden, Northvolt, Stockholm
President Biden's $369 billion climate sell is attracting some of Europe's biggest startups. Battery maker Northvolt and carbon removal firm Climeworks are both lining up US expansions. President Biden's $369 billion play to make the US the new hub for climate-friendly companies caused consternation among international allies. Europe's EV battery darling Northvolt is set to announce its highly anticipated US expansion in the coming weeks while carbon removal company Climeworks has already revealed plans to scale up Stateside. The company is also watching Europe's efforts to create a regulatory framework for the certification of carbon dioxide removal (CDR).
Permutive told staffers this week it's preparing a round of layoffs that may affect up to 40% of staff. It follows an earlier round of layoffs in August last year, which reduced its then-headcount by 12%. Permutive said it wants to focus on profitability amid a challenging economic environment and drop in venture funding. UK-based adtech company Permutive this week announced a layoff that is expected to affect just under 80 staffers, or about 40% of its headcount, Insider has learned. UK employment laws stipulate employers laying off more than 20 staff must consult with employee representatives over redundancy plans.
Sifflet, a data observability startup, has raised $12.8 million in Series A funding. Check out the 15-slide pitch deck the Bessemer-backed company used to raise $12.8 million. Paris-based Sifflet, a startup that helps companies improve their data quality, has raised $12.8 million in funding. "I saw how painful it was to work with unreliable data and wanted to see if we could do something better because poor data quality is very costly." "Companies have become very proficient at collecting data because they can leverage big data to become smarter as businesses," Bakouk added.
UK startup ViridiCO2 is helping chemical manufacturers cut fossil fuel use with captured carbon. A startup helping chemical manufacturers cut their use of fossil fuels has just raised £3 million (around $3.5 million) in seed funding from EQT Ventures. It is one piece of the carbon capture, storage, and utilization puzzle. ViridiCO2 doesn't capture carbon itself but works with point-source carbon capture companies to do so. "These are big chemical manufacturers and also consumer product manufacturers," Stewart added.
British fintech startup Griffin has secured a banking license after a years-long process. The Prudential Regulation Authority (PRA) has approved the startup, subject to restrictions. Banking-as-a-service startup Griffin has become the latest fintech to land a UK banking license with restrictions after a years-long process. Securing a UK banking license is no mean feat. Neobanks like Revolut, founded in 2015, haven't yet managed to get a UK banking license with stringent processes in place, with Jarvis suggesting that the application process isn't something "you can just throw money at."
Supernormal, a startup in the red-hot generative AI sector, just raised $10 million. The startup uses AI to take notes from meetings in real time and sends them instantly afterward. We got an exclusive look at the 17-slide pitch deck Supernormal used to raise the cash. Supernormal, a startup in the red-hot generative AI sector, has raised $10 million in a seed round led by Revolut and Citymapper investor Balderton. The company, which uses AI to automate meeting notes, was founded in 2020 by former Meta and Klarna product manager Colin Treseler and ex-Github design lead Fabian Perez.
EQT Ventures: We're seeing a '20-year moment' for VC
  + stars: | 2022-09-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEQT Ventures: We're seeing a '20-year moment' for VCAli Mitchell, partner and co-head at EQT Ventures, discusses VC funds, the current economic climate for investing, and the new avenues available to investors.
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