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☆ Investment banks approach Monzo over potential IPO as $4.5 billion fintech plots investing push, sources say
▼ + stars: | 2023-02-23 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +4 min

Investment banks have been in talks with Monzo over a future IPO, sources told Insider. The London-based fintech has also been in discussions to grow its wealth and investment offering. A number of leading investment banks have held initial talks with British fintech unicorn Monzo about a public listing that could take place as early as next year, sources say. Some investment banks have opted to cull teams of staff focused on M&A and stock issuance in recent months, most notably Goldman Sachs. The fintech has also been on the lookout for acquisitions and partnerships in the wealth and trading space, two sources told Insider.

☆ Europe's venture capital firms are facing a painful 2023 as some struggle to prove returns to LPs in bid to raise fresh capital
▼ + stars: | 2023-02-23 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +5 min

Some of Europe's venture capital firms are struggling to show returns on their investments. Europe's venture capital sector has enjoyed a booming run in recent years. Now, the dramatically changed economic landscape has left not only the startups facing a scarcity of available capital, but also the venture capital firms that fund them too. There are likely to be countless more who are also struggling to raise capital. For some smaller firms, the frothy days of 2021 are looking increasingly like a distant memory.

☆ This HR startup just raised $40 million in a round led by General Catalyst and Menlo Ventures. Check out the 12-slide pitch deck Finch used to raise the funds.
▼ + stars: | 2023-02-22 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

The startup's API works to collect employment data from fragmented sources for companies. Check out the 12-slide pitch deck Finch used to raise the Series B round. A startup that aims to streamline HR functions like onboarding and payroll has raised $40 million in fresh funds. San Francisco-based Finch, founded in 2020, provides APIs in a bid to simplify the fragmented world of employment data. The Series B funding round was led by General Catalyst and Menlo Ventures, who led Finch's Series A round in June 2022.

☆ Car financing fintech Carmoola just raised $125 million in a mix of debt and equity. Check out the 12-slide pitch deck it used to raise the fresh funds.
▼ + stars: | 2023-02-22 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Car financing fintech Carmoola has raised $125 million in a mix of debt and equity. The London-based startup offers credit for used car purchases and incentivizes EVs. Car financing fintech Carmoola has raised $10.3 million in a Series A round led by QED Investors and a further $115 million in debt. The London-based startup, founded in 2022, employs a buy now, pay later approach to car financing by offering loans for used car purchases in the UK. A frustrating and expensive personal journey led to the former CEO of home rental company MoveBubble, moving into the car financing sector.

☆ This Binance-backed Web3 gaming startup just raised $5 million. Check out the 13-slide pitch deck Unagi used to raise the seed round.
▼ + stars: | 2023-02-17 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

French blockchain gaming company Unagi has raised $5 million in seed funding. French blockchain gaming startup Unagi has raised $5 million in seed funding as it looks to expand its offering. "It's been an interesting time with a lot of struggles for us as we arrived after the peak of the market," Guillemot, Unagi cofounder, told Insider. The $5 million fundraise was led by early-stage VC and game developer, Sisu Game Ventures. This latest fundraise, which follows a recent $4.3 million fundraise with Binance Labs, doubles the company's valuation to $37.2 million, Unagi said.

☆ Crypto protection and insurance startup Coincover just raised $30 million in fresh funds. Check out the 18-slide pitch deck it used to land the cash.
▼ + stars: | 2023-02-09 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Cryptocurrency protection and insurance startup Coincover just raised $30 million in funding. Check out the 18-slide pitch deck it used to land the fresh capital below. A startup that offers protection to crypto users against issues like loss of access to their digital assets has raised $30 million in fresh funds. The deal takes Coincover to $41.6 million in funds raised to date. Check out the 18-slide pitch deck Coincover used to raise the funds below:

☆ Check out the 11-slide pitch deck Moonfare, a startup that lets high-net-worth individuals invest in private equity funds, used to raise a $15 million extension
▼ + stars: | 2023-02-08 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

German fintech Moonfare has raised $15 million in its second extension to its Series C round. We got an exclusive look at the 11-slide pitch deck Moonfare used to raise the fresh cash. Moonfare, a startup that grants access to private equity for retail investors, has raised $15 million in fresh funds. Moonfare raised $125 million in a Series C round in November from Shopify and Twitter-backer Insight Partners. Now, it has added another $15 million in an extension round led by from 7 Global Capital (7GC).

☆ Time series data startup InfluxData, used by Tesla and IBM, just raised $81 million in debt and equity with this 19-slide pitch deck
▼ + stars: | 2023-02-08 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Time series data startup InfluxData has raised $81 million in debt and equity. We got an exclusive look at the 19-slide pitch deck InfluxData used to raise the fresh funds. A startup that provides time series data analytics for the likes of Tesla, Cisco, and IBM has raised $81 million in a mix of debt and equity. Time series data refers to information gathered from sources ranging from temperature sensors to high-frequency trading data. In addition, the company has brought in a $30 million debt facility from Silicon Valley Bank.

☆ This startup founded by a former Getir CTO enables users to hold stablecoins pegged to the US dollar. Check out the 11-slide pitch deck Cenoa used to raise $7 million.
▼ + stars: | 2023-02-06 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Cenoa, a fintech startup cofounded by the former CTO of Getir, has raised $7 million in funding. The startup enables customers to access USDC, a digital asset tied to the US dollar. We got an exclusive look at the 11-slide pitch deck used to raise the fresh funds. A startup that has developed a digital wallet where users can hold a stablecoin pegged to the US dollar has raised $7 million in seed funding. In the UK, for example, Cenoa works with FCA-registered Transak so that users can deposit and withdraw funds using local banking networks.

☆ These are the 27 most exciting European fintech startups to watch in 2023, according to venture capitalists
▼ + stars: | 2023-02-01 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Now, investors are placing a greater emphasis on startups in technical areas like FinOps. We asked 14 of Europe's top fintech investors to name the startups to watch in 2023. Investment in European fintechs fell to $23.3 billion last year, down from 2021's record-breaking $29.5 billion, according to PitchBook data, and closer to the total for 2019 and 2020. Different types of fintechs are also grabbing investor attention, with those operating in more niche, technical areas facing a brighter 2023. Here are 27 European fintechs to watch in 2023, according to some of the region's top investors.

☆ This startup building a compensation operating system for HR teams just raised $16.3 million. Here's the 14-slide pitch deck Coverflex used to raise the cash.
▼ + stars: | 2023-02-01 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Portuguese compensation management startup Coverflex has raised $16.3 million in fresh funds. The startup enables workers to manage their own benefits and choose from perks like health insurance. We got an exclusive look at the 14-slide pitch deck Coverflex used to raise the new round. A startup that has developed a platform for companies to manage employee compensation and benefits in one place has raised $16.3 million in fresh funds. Coverflex claims its platform offers high tax advantages for employers and also enables HR teams to personalize which teams can access specific benefits.

☆ European software startup investor Notion Capital set to raise around $300 million for fifth and largest-ever fund, sources say
▼ + stars: | 2023-01-31 | by ( Callum Burroughs | Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

European venture capital fund Notion Capital is set to raise its fifth fund, Insider understands. The London-based investor has secured around $300 million in commitments so far, sources say. European venture capital firm Notion Capital, which has backed companies like Currencycloud and GoCardless, is set to raise its fifth fund, sources say. Notion filed for its fifth fund in Luxembourg in February 2022. The fifth fund's commitments came in sizable chunks from LPs last year with around $200 million raised over the course of 2022, one London-based source said.

☆ Velocity Global, an HR startup backed by US billionaire Todd Boehly's investment fund, lays off 10% of its workforce
▼ + stars: | 2023-01-26 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

HR and remote work startup Velocity Global has laid off 10% of its workforce, Insider understands. The Denver-based company counts US billionaire Todd Boehly's Eldridge among its biggest backers. Velocity Global, an HR platform backed by US billionaire Todd Boehly's investment fund, has laid off over a tenth of its workforce. The cuts at Velocity come as part of a wave of wider layoffs in the tech sector and a cooling off in the HR and remote work sector. HR companies enjoyed a pandemic boom through 2020 and 2021 as firms began experimenting with hybrid work, requiring new processes and platforms.

☆ Supernormal, a generative AI startup that automates meeting notes, just raised $10 million. Check out the 17-slide pitch deck it used to bag the seed round.
▼ + stars: | 2023-01-26 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

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.

☆ This insurance tech startup uses digital twins to protect companies from cyberattacks. Here's the 17-slide pitch deck Egerie used to raise $32.6 million.
▼ + stars: | 2023-01-24 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

French cybersecurity startup Egerie has raised $32.6 million in new funding. The startup, founded in 2016, wants to continue its European expansion and grow into new markets. We got an exclusive look at the 17-slide pitch deck used to secure the fresh capital. French cybersecurity and insurance startup Egerie just raised $32.6 million in fresh fundsThe company, which was founded in 2016, offers cybersecurity software to enterprises by building a "digital twin" of their information assets and processes. "We want to accelerate our international strategy and also put a lot of investment into tech and innovation," he added.

Jan 23 (Reuters) - A federal judge on Monday dismissed a lawsuit by three former Whole Foods employees who said they were illegally fired for opposing the upscale grocery chain's alleged discriminatory discipline of workers who wore "Black Lives Matter" masks. "The evidence demonstrates only that Whole Foods did not strenuously enforce the dress code policy until mid-2020, and that when it increased enforcement, it did so uniformly," she added. Last June, the federal appeals court in Boston upheld Burroughs' February 2021 dismissal of a proposed class action over the dress code, on somewhat different legal grounds than hers. The Black Lives Matter movement started after police killed several Black people in the United States. The case is Kinzer et al v Whole Foods Market Inc, U.S. District Court, District of Massachusetts, No.

☆ HR startup Deel striving to be more than a well-funded flash in the pan as it confirms $12 billion valuation and touts five-fold jump in annual revenue
▼ + stars: | 2023-01-23 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

HR startup Deel, which lets employers hire remotely, has raised capital at a $12 billion valuation. The funding round more than doubles the company's previous $5.5 billion valuation. The founder of HR startup Deel has insisted the company is more than just a "well-funded flash in the pan" as he confirmed a long-mooted funding round that more than doubled its valuation to $12 billion. Deel also automates payroll, benefits, compliance, and other HR functions through an API to help companies scale remote teams. The company previously raised $425 million at a $5.5 billion valuation in a round led by Coatue in October 2021.

☆ NHL roundup: Steven Stamkos nets No. 500 as part of hat trick
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +4 min

Mandatory Credit: Bob Frid-USA TODAY SportsJanuary 19 - Steven Stamkos recorded a hat trick that included his 500th NHL goal, leading the Tampa Bay Lightning to a 5-2 road win over the host Vancouver Canucks on Wednesday. With the three goals, Stamkos moves into a tie for 45th on the all-time goals list, joining Hall of Famer Joe Mullen with 502 career goals. 501 for Stamkos came less than 10 minutes later, and he completed the hat trick with an empty-netter late in the third period. Nick Bonino had a goal and an assist and Timo Meier, Steven Lorentz and Logan Couture also scored goals for the Sharks. Jason Robertson, Ty Dellandrea and Radek Faksa scored goals for Dallas, Miro Heiskanen added two assists and Jake Oettinger stopped 23 shots.

☆ Diary of a CEO host Steven Bartlett has raised a $100 million fund to back the next generation of Europe's unicorn founders
▼ + stars: | 2023-01-19 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Diary of a CEO host Steven Bartlett has raised $100 million for his new tech investment fund. Flight Story Fund aims to back diverse founders and will target high-growth startups. Steven Bartlett, the host of the hugely popular Diary of a CEO podcast, has raised over $100 million for his new tech investment vehicle. Flight Story Fund wants to back diverse founders who can create Europe's next cohort of startups worth over $1 billion. The fund wants to invest in 20 companies with deals ranging from $1 million to $10 million.

☆ Early Spotify investor Northzone hires director from second-gen Tiger cub fund Tybourne Capital to lead growth-stage deals
▼ + stars: | 2023-01-18 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Early Spotify investor Northzone has hired Tybourne Capital director Sanjoy Malhi as a partner. Early Spotify backer Northzone has hired a director from second-generation Tiger Cub fund Tybourne Capital to lead its growth investments. The London-based fund, founded in 1996, has appointed Sanjot Malhi as a partner focused on growth-stage deals across Europe. Malhi will help distribute a $1 billion multi-stage fund that Northzone closed in September. However, many of those companies were funded with growth capital without having strong business fundamentals in place leading to a lot of pain in the market.

☆ This startup helps vets spend more time with pets and less time on admin. Check out the 10-slide pitch deck Digitail used to raise $11 million.
▼ + stars: | 2023-01-12 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Digitail, a Romanian pet care startup, has raised $11 million in Series A funding. Digitail, founded in 2018, helps veterinary clinics automate their management systems. A startup that helps vets automate their often antiquated management systems has raised $11 million in fresh funds. "Today's reality is that there is a massive shortage of vets compared to the number of pets and that means they have less time to split between seeing pets and managing clinics," Digitail CEO Sebastian Gabor told Insider. Digitail, which is based in Romania's Iasi and Florida, provides a vertical, cloud-based SaaS platform to help vets with inventory management, invoicing, appointment calendars, and patient management.

☆ This startup that provides insurance to SMEs just raised $54 million. Check out the 23-slide pitch deck Superscript used to land the fresh funds.
▼ + stars: | 2023-01-10 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Insurance tech startup Superscript has raised $54 million in fresh funding. Superscript has raised fresh funds despite a downturn in the wider insurance tech market. London-based insurance tech startup Superscript has raised $54 million in fresh funding. The company, which was founded in 2015, provides insurance products to small and medium businesses (SMBs) and high-growth tech startups. Superscript's funding round was led by existing investor BHL UK, owner of Comparethemarket, with participation from insurance company The Hartford.

☆ This property tech startup offers fractional home ownership to wealthy individuals. Check out the 16-slide pitch deck Fractal Homes used to raise $30 million.
▼ + stars: | 2023-01-09 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

London-based startup Fractal Homes has raised $30 million in debt and equity funding. The property tech company offers fractional home ownership for wealthy individuals from MENA. Fractal Homes, a property tech startup that helps wealthy individuals purchase second homes in desirable cities, has raised $30 million in debt and equity funding. To date, wealthy individuals from the MENA region have struggled to access the European housing market, Fractal claims. Check out Fractal Homes' pitch deck below:

☆ 'Investors changed the rules of the game overnight.' The CEOs of Rapyd, Revolut, Wefox, and Klarna look ahead to fintech in 2023.
▼ + stars: | 2022-12-30 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +4 min

After a bruising year for the sector, fintech startups are prioritizing profitability. The CEOs of Revolut, Klarna, Wefox, and Rapyd outlined the new reality for consumer-facing fintech. "Investors changed the rules of the game overnight," Rapyd CEO Arik Shtilman told Insider. "Investors changed the rules of the game overnight," Arik Shtilman, CEO and founder of $15 billion fintech Rapyd told Insider at the Slush conference in Helsinki. Regardless of whether a focus on profitability has been pushed by investors or not, the tide has now turned for the fintech sector in Europe.

☆ Think long-term, grab land, watch your runway: Here's how European VCs are advising their founders ahead of a looming recession
▼ + stars: | 2022-12-29 | by ( Tasmin Lockwood | Callum Burroughs | ) www.businessinsider.com time to read: +4 min

Sequoia's iconic 2008 'R.I.P Good Times' presentation still rings true for some investors. Good Times" presentation from 2008. "Because people are so programmed with the whole RIP Good Times thing, the nuance gets lost sometimes." Magda Lukaszewicz, principal at Balderton, echoed this – even if it takes companies longer to achieve said goals. Sequoia's "RIP Good Times" ends on a bleak note: Get Real or Go Home.

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