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☆ Haz, an AI-powered app for secondhand clothes, just raised $1.4 million with this 10-slide pitch deck
▼ + stars: | 2024-05-21 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

London-based startup Haz has raised $1.4 million in pre-seed funding led by Speedinvest. Founded in 2023, Haz digitizes users' clothing items and allows sharing transactions with friends. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHaz, a London-based startup that has built an AI-powered platform where users buy and sell secondhand clothing, has raised $1.4 million in pre-seed funding. It can even scan things like email inboxes for receipts and add those to a user's list of clothing owned.

Persons: Haz, — Organizations: Speedinvest, Service, Business Locations: London

☆ Tuum wants to provide AI-powered core banking infrastructure. It just raised $27 million with this 16-slide pitch deck.
▼ + stars: | 2024-02-06 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Estonian fintech startup Tuum has raised $27 million in new funding. The startup, founded in 2019, provides cloud-native core banking infrastructure technology. The startup raised cash from CommerzVentures and Speedinvest to fuel its expansion plans. Estonian banking fintech startup Tuum has raised $27 million in new funding. Tuum, founded in 2019, provides core banking infrastructure for banks and other financial institutions that enables them to offer cloud-native services through APIs.

Persons: Myles Bertrand Organizations: Estonian, Tuum, Business Locations: CommerzVentures

☆ VCs need to return cash to their investors. The secondary market is coming alive as a result.
▼ + stars: | 2024-02-02 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +5 min

Venture capitalists need to free up cash and return money to their own investors, known as limited partners (LPs). The secondary share sales market in the US is well established. Bad timingMost VC funds agree to return their profits to their LPs within 10 years. A record 31 secondary funds headquartered in Europe were established in 2021, amid the hype period, with $29 billion in assets under management per PitchBook. It all comes down to how buoyant the VC market is: "If the market is good again, then who's going to sell secondary?

Persons: There's, Michael Smith, Regeneration's Smith, Kelly Rodriques, Hussein Kanji, Kanji, Hussein, Tom Henrikkson, OpeanOcean, it's, Henrikkson Organizations: Venture, Business, Industry Ventures, Cherry Ventures, Ventures, Albion, Forge, Financial Times, VC, Hoxton Ventures, Sequoia Locations: Silicon Valley, Europe, San Francisco, Amsterdam, London

☆ Invite-only Lapse wants to rival Instagram. It's about to raise a lot of cash to do just that.
▼ + stars: | 2024-01-19 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Lapse, a buzzy social media app that wants to rival Instagram, is set to raise fresh funding, Business Insider understands. Based on the number of shares allocated, the company has raised approximately £24.48 million, $31 million. One London-based source familiar with the deal said Lapse was set to secure around $30 million. A look at the Lapse app. It aims to help satisfy the demand for more authenticity on social media.

Persons: Instagram, Jacob Andreou, Ben, Dan Silvertown, Plural's Ian Hogarth, Dmitry Tokarev Organizations: Business, Meta, Greylock Ventures, Facebook, Companies, Octopus Ventures, Redbus Ventures Locations: London

☆ Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds
▼ + stars: | 2023-11-03 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit , two anonymous sources familiar with the deal told CNBC. The deal was structured as a convertible debt agreement, meaning that the debt will be converted into equity when Wefox next raises cash, the sources told CNBC. The fresh funding follows on from a $55 million debt round Wefox raised from JPMorgan and Barclays and a $55 million internal fundraise earlier this year. As Wefox didn't raise equity, its valuation remains unchanged at $4.5 billion. Wefox is also pushing into a new model of selling insurance called "affinity" distribution.

Persons: Wefox, Goldman Sachs Organizations: Deutsche Bank, CNBC, JPMorgan, Barclays, VC, Salesforce Ventures, Target, Horizon Ventures, UBS, Mubadala Capital Ventures, Jupiter Asset Locations: U.S, Germany, Paris, Barcelona, Milan

☆ Climate tech is like catnip to investors. Here's why the $13 billion sector is outperforming other industries.
▼ + stars: | 2023-11-02 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +7 min

Europe's startup ecosystem has been battered this year but climate tech founders have managed to avoid the brunt of the immense downturn so far. PwC's global analysis of the sector also points to climate tech outperforming the norm, accounting for a tenth of private market investments in 2023. Venture capital investment into European startups more broadly is primed to slump by around 46% to 58.1 billion euros in 2023. These obligations have helped make climate tech startups "catnip to investors," Sustainable Ventures' Stuart Ferguson said. Last year, European companies like electric vehicle manufacturer Polestar and batter-maker Northvolt raised 1.6 billion euros and 1 billion euros respectively.

Persons: They've, Stuart Ferguson, Fabian Heilemann, Heilemann, Biden's, Warner, Namratha, Mark Bula, Northvolt, Lisa Barclay, Ferguson, Aenu's Organizations: Steel, Venture, Sustainable Ventures, Warner, Ada Ventures, Elyos Energy, Green Steel, Nesta, Investments Locations: Swedish, British, Norwegian, London, Norway

☆ Resourcify is helping big companies manage their waste more sustainably. Check out the 10-slide pitch deck the startup used to raise a $14.9 million Series A.
▼ + stars: | 2023-09-27 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Resourcify, a circular economy and waste-management startup, has secured a 14 million euro (around $14.9 million) Series A round to help firms manage waste more efficiently. Waste management is currently complex and opaque, according to Resourcify CEO Gary Lewis. Resourcify aims to make this cheaper and easier by digitizing the process and connecting local waste collection and recycling companies with its customers. Lewis describes the technology as an "operating system" for waste management. Check out the 10-slide redacted pitch deck Resourcify used to raise the funds below.

Persons: Gary Lewis, Lewis, Johnson Organizations: Companies, Frankfurt Airport, Vorwerk Ventures, Revent, Ananda Impact Ventures, Speedinvest, WEPA Ventures Locations: Hamburg

☆ Carbon data and credit rating startup Sylvera just raised $57 million as it heads to the US. Check out the 12-slide pitch deck it used to raise the fresh funds.
▼ + stars: | 2023-07-18 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Climate tech startup Sylvera has just raised $57 million for its carbon data platform. Sylvera, a startup helping businesses invest in high quality carbon credits, has just raised a $57 million Series B round led by Europe's Balderton Capital. The London-based startup, founded in 2020, provides carbon data and carbon credit ratings in an effort to bring integrity to a market plagued with quality issues. One carbon credit represents 1 metric ton of carbon dioxide or equivalent that has been removed from or prevented from entering the atmosphere. As well as decarbonization, many companies look to compensate for their hard-to-abate or historic emissions, which is where carbon credits come in.

Persons: Sylvera, Furey, it's, Serge Kruppa, 9yards Organizations: Balderton Capital, Fidelity Strategic Ventures, Bain & Company, Europe's, McKinsey, Paris, Index Ventures, Insight Partners Locations: London, New York

☆ Reproductive health startup Fertifa, unusually headed up by a VC, just raised $6.3 million with this 18-slide pitch deck
▼ + stars: | 2023-06-30 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Reproductive health startup Fertifa has raised $6.3 million in seed funding. A reproductive healthcare startup run by prominent VC investor Eileen Burbidge has raised $6.3 million in seed funding. London-based Fertifa, founded in 2019, provides companies with reproductive health and well-being support for employees facing fertility or sexual health challenges. Burbidge, who was an early backer of fintech bank Monzo as a partner at Passion Capital, took over as CEO at the startup late last year. Other backers include Tiny.vc, EQT Foundation, previous investors Passion Capital and Speedinvest, along with prominent angels like Onfido cofounder Eamon Jubbawy and former Monzo CEO Tom Blomfield.

Persons: Eileen Burbidge, Burbidge, Fertifa, Eamon Jubbawy, Tom Blomfield Organizations: Passion Capital, Meta, Bain Capital, DE, Notion Capital, Triple Point Ventures, EQT Foundation Locations: London, Europe

☆ This startup has developed an operating system for GPs that cuts down on admin. Check out the 13-slide pitch deck Doctorly used to raise $10 million.
▼ + stars: | 2023-03-01 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

German health tech startup Doctorly has raised $10 million in Series A funding. The startup, founded in 2018, offers practice management software for healthcare providers. A German health tech startup that has developed an operating system for medical practices has raised $10 million in fresh funds. The startup wants to "re-digitize" practices and make it easier for them to adapt to external innovations in health tech. Doctorly is one of the very few regulated health tech startups in Germany and it believes its technology can help cut the time spent by practitioners on administration in half.

☆ Meet 22 women who made partner in 2022 in Europe's male-dominated VC ecosystem where men outnumber women by 6 to 1
▼ + stars: | 2023-01-04 | by ( Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

We profiled 22 women to watch this year that were made partner at VC firms in 2022. Around 70% of women GPs have carried interest, a report by European Women in VC found last year. This effectively means that women GPs carry less firepower than their male counterparts, she added. We have profiled the women who climbed the ranks in Europe's male-dominated ecosystem, and were made partner in 2022. Due to the scale of Europe's VC sector, we no doubt missed out on some first-time partner promotions during 2022.

"As counterintuitive as it may sound, this layoff left me in a really good position," the 24-year-old said. U.S. tech giants including Meta, Microsoft (MSFT.O), Twitter and Snap (SNAP.N) have purged more than 150,000 staff, according to Layoff.fyi, which tracks technology job losses. Day One Ventures, an early stage venture fund in San Francisco, launched a new initiative in November to fund startups founded by people who had been laid off from their tech jobs, touting the slogan "Funded, not Fired". Silicon Valley investor U.S. Venture Partners and Austrian VC firm Speedinvest have meanwhile earmarked a similar amount for newly founded companies. Fong told Reuters that experience in Big Tech firm gave founders a "strong brand that can be leveraged to meet investors, potential customers, and recruit team members".

☆ Apple made a big move into women’s health just as startups go through a funding winter. 4 health investors and founders predict who’ll survive.
▼ + stars: | 2022-12-07 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

The tech giant's moves into women's health coincides with a funding winter for startups in the sector. Insider spoke to VCs about the challenges and opportunities this creates for women's health startups. When Apple rolled out the Apple Watch Series 8 in September this year, it cemented its growing footprint in the global women's health market. The aim is to give consumers a more consolidated view of their health data, an Apple representative said — but it's a step that could spell trouble for women's health startups. Funding into women's health has taken a dipThe tech giant's gradual monopoly over health data comes at a time when its apparent competitors — consumer women's health startups — are feeling the tech downturn.

☆ Surfboard wants to replace spreadsheets in customer support teams. We got an exclusive look at the 13-slide deck it used to raise $5 million.
▼ + stars: | 2022-11-21 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

The startup has designed a collaborative planning tool for customer support teams. London-based Surfboard launched in 2021 with the aim of making work more human, and efficient, for customer support teams. Typically in support teams, there are three main actors; the agents who do the customer support work, their managers, and the end customers — who usually have to wait a long time for services. In turn, Surfboard hopes that support teams save time otherwise spent manually altering spreadsheets, and curb lost revenue and employee churn. With the cash injection, it will develop its product and focus on customer acquisitions by investing in its marketing efforts.

☆ This startup wants to make supply chains more responsive with its machine learning tech. Check out the 12-slide pitch deck Solvo.ai used to raise $4 million.
▼ + stars: | 2022-11-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Solvo.ai has raised $4 million to build out its machine learning tech for the logistics industry. The startup aims to help logistics firms build more responsive and resilient supply chains. Check out the 12-slide pitch deck the startup used to raise the funds in a seed round below. British startup Solvo.ai has raised $4 million in seed funding to boost its machine-learning tech to help logistics companies build more resilient supply chains. Solvo.ai raised its fresh funds in a seed round led by European venture capital firms Speedinvest and Frontline Ventures.

☆ Wearable and remote-monitoring devices are the next frontier for health tech. Here are 13 startups poised to take off, according to top VCs.
▼ + stars: | 2022-10-14 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

The pandemic pushed more healthcare providers to pivot to remote health technology. We asked VCs to put forward the wearable and remote-monitoring startups that are set to take off. As the COVID-19 pandemic pushed hospital capacity to the brink, healthcare providers started to turn to digital health platforms to keep on top of demand. Remote-monitoring tech helps healthcare providers keep track of their patients' health, progress, and recovery outside of a clinical setting, from monitoring chronic diseases to respiratory conditions. OuraEuropean startups that focus on remote monitoring and wearable health tech have attracted record funding, raising $1.12 billion in 2021 per Dealroom data.

☆ This startup enables companies to launch their own embedded finance products. Check out the 16-slide pitch deck Toqio used to raise $19.2 million.
▼ + stars: | 2022-09-29 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Toqio, a London-based fintech SaaS startup, has raised $19.2 million in Series A funding. The startup's platform enables companies to launch their own fintech products. London-based fintech startup Toqio has raised $19.2 million in fresh funding. Companies can access a range of different banking and embedded finance products from the startup's platform. The startup believes its platform and marketplace offer a more cost-efficient way for companies to launch their own financial products.

☆ One Point Five just raised $10 million to replace single-use plastics. Check out the pitch deck it used to raise the round led by Speedinvest.
▼ + stars: | 2022-09-28 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

A startup cofounded by former execs from vertical farming unicorn Infarm has raised $10 million. Hamburg-based One Point Five is designing "litter-proof" materials for sauce and shampoo sachets. We got an exclusive look at the 10-slide pitch deck it used to raise the cash. A startup designing and developing "litter-proof" material to replace single-use packaging has raised 10.5 million euros (around $1.1 million). While designed to be recyclable, One Point Five's materials will also be "litter-proof," Weber said.

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