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Search resuls for: "Callum Burroughs"


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☆ 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.
☆ 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.
☆ 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.
☆ Europe's tech ecosystem nursed a hangover in 2022 as the post-pandemic party ended and VCs returned to fundamentals
  + stars: | 2022-12-28 | by ( Callum Burroughs | Tasmin Lockwood | ) www.businessinsider.com   time to read: +4 min
VCs returned to slower capital deployment and due diligence processes after a record-breaking 2021. The COVID-19 pandemic and the last remnants of the era of cheap money led to reckless abandon in funding markets with tech startups raising capital at record rates, often at valuations untethered from reality. VC cash dried up considerably this year with investors pumping $16 billion into startups in the third quarter of 2022, a 44% annual decline. Numerous VCs told Insider the past two years had felt like an out-of-control celebration with many "now looking around at the aftermath and thinking about tidying up. " "The ecosystem is nursing its hangover after two years of a big party," Arne Morteani, founding partner at Kiko Ventures said.
☆ JPMorgan is continuing its push into fintech with a deal to partner with buzzy treasury startup Trovata
  + stars: | 2022-12-13 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +2 min
Trovata, a cash management fintech startup, has partnered with JPMorgan Asset Management. JPMorgan has continued its push into fintech with a partnership with US cash management startup Trovata. California-based Trovata, which was founded in 2016, has been repeatedly backed by JPMorgan and has raised $57.6 million from investors to date. The startup offers cash management services to companies through an API. The tie-up will see Trovata host Morgan Money, JPMorgan's trading and risk management infrastructure, on its platform.
☆ Andreessen Horowitz just led a $43 million round into real estate financing startup Setpoint after seeing this 10-slide pitch deck
  + stars: | 2022-12-07 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +3 min
Setpoint, a property tech startup that provides financing for real estate, has raised $43 million. The Series A round was led by US investing giant Andreessen Horowitz. Setpoint provides access to financing for single-family residences (SFR), fractional ownership, and rent-to-own housing and works with property tech companies like Flyhomes. Setpoint's Series A funding round was led by Andreeseen Horowitz with participation from Stonecroft, 75andSunny, Fifth Wall, 645 Ventures, NextView Ventures, LiveOak Venture Partners, Vesta Ventures, and ATX Venture Partners. "Venture investors are certainly being more cautious, but in our experience, companies that have found great product-market-fit are getting funding," Wall added.
☆ Layoffs continue to rattle creator economy companies. Here are 24 that have cut staff this year.
  + stars: | 2022-12-06 | by ( Sydney Bradley | Amanda Perelli | Geoff Weiss | ) www.businessinsider.com   time to read: +3 min
Insider is keeping tabs on which creator economy companies are cutting back on staff. For more than a year, the creator economy was a red-hot industry flowing with new players, big deals, and massive investments. According to Crunchbase, funding for VC-backed creator economy startups topped $939 million in 2021. Those sunny days are coming to a halt, however, as creator economy startups grapple with a looming recession. Here are 24 creator economy companies that have laid off staff, as of December 2022:Note: Companies are listed in order of when layoffs occurred, with the most recent first.
☆ HR software firm Globalization Partners, a rival to Softbank-backed Remote, cuts jobs and says impact is less than 10% of staff
  + stars: | 2022-12-06 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +2 min
Boston-based Globalization Partners has laid off approximately 100 staff, Insider understands. Globalization Partners, a Boston-based HR and employment platform that rivals venture-backed upstarts like Remote, has cut jobs, with one source indicating around 100 staff have been impacted. Founded in 2012 by Nicole Sahin, Globalization Partners, or G-P, was valued at $4.2 billion after raising $200 million in funding from Vista Equity Partners in January 2022. HR companies enjoyed a pandemic boom through 2020 and 2021 as firms began experimenting with hybrid work, requiring new processes and platforms. Remote, a venture-backed rival to G-P, cut 10% of staff earlier this year, Insider reported.
☆ Buy-now, pay-later kingpin Klarna's valuation dropped from $45.6 billion to $6.7 billion in 2022. Its CEO wants a 'sane market' before IPO.
  + stars: | 2022-12-05 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +6 min
Buy-now, pay-later firm Klarna wants 'a sane market' before IPO. The company is losing hundreds of millions of dollars annually, but says it is reducing credit losses. Klarna took a valuation haircut to $6.7 billion and carried out two rounds of job cuts in 2022. At one time, the company was the most highly valued startup in Europe with a valuation of $45.6 billion. That plunged by 85% to just $6.5 billion as the company raised again this year in a tougher market.
☆ Brokerage startup Bux is acquiring the retail-trading arm of Spanish rival Ninety Nine as fintech consolidation continues
  + stars: | 2022-12-05 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +2 min
Bux, the online retail brokerage, has acquired the retail-trading arm of Spanish fintech startup Ninety Nine. Bux, a European rival to US retail brokerage Robinhood, has acquired the retail-trading arm of Spanish fintech startup Ninety Nine. Bux, though it raised an $80 million from investors in 2021, recently turned to crowdfunding with a campaign on Seedrs. Globally, fintech startups raised just $13.3 billion in the third quarter of 2022 taking funding levels back to pre-pandemic levels, per Dealroom. "Thanks to this acquisition, Ninety Nine users will have access to a wide range of services provided by Bux, such as investing in Spanish, European and US stocks, ETFs, cryptocurrencies, fractional investing and the Bux Savings."
☆ We got an exclusive look at the 10-slide pitch deck crypto market making startup Keyrock used to raise $72 million in a round backed by Ripple
  + stars: | 2022-11-30 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +3 min
Brussels-based crypto market maker Keyrock has raised $72 million in new funding. The startup, founded in 2017, has brought in funding from crypto settlement platform Ripple. Keyrock wants to double the size of its team despite the downturn in the wider crypto market. Keyrock offers two sides of a trade – in this case digital assets – and acts as an intermediary between the bid (purchase) price and the ask (sale price). The funding comes from crypto settlement platform Ripple, SIX Fintech Ventures, and Middlegame Ventures.
☆ Ex-employees from Europe’s 60 biggest fintech unicorns like Revolut and Klarna spawned 310 new startups, new data shows
  + stars: | 2022-11-29 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +3 min
The biggest fintech startups in Europe are producing a large chunk of new founders in the industry. It's a sign that Europe's tech ecosystem is maturing, according to VC firm Accel. Europe's fintech boom is solving one of the biggest problems in the region's tech ecosystem, according to a new analysis: experienced founders. "Fintech has played a core role in the growth of the European tech ecosystem," Accel partner Luca Bocchio told Insider. The biggest producer of new startups, according to Accel, is N26.
☆ Y Combinator-backed e-learning startup Female Invest acquires trading platform Gaia as it plots investing offering
  + stars: | 2022-11-24 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +3 min
Danish startup Female Invest has acquired trading platform Gaia as part of a push into investing. Female Invest claims to have 26,000 paying users for its platform in 89 countries. Female Invest, a Danish startup that provides educational content around investing for women, has acquired trading company Gaia. Now, the company is expanding its platform to include trading after it acquired fellow Danish startup Gaia, which focused on sustainable investments. The Y Combinator-backed startup considered building the product itself but instead opted to acquire Gaia, a company Female Invest had been tracking for a while, Hartvigsen said.
☆ JPMorgan decides against prospective investment in open banking startup Yapily, sources say
  + stars: | 2022-11-22 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +3 min
JPMorgan has cooled on a deal to back London fintech startup Yapily, Insider understands. Discussions over a $25 million injection into the startup were at an advanced stage, sources say. JPMorgan has opted out of pursuing a strategic investment into London fintech Yapily, Insider understands. Yapily, which is backed by Square and Wise investor Sapphire Ventures, operates in the burgeoning open banking sector. The US financial giant had considered a deal that would have seen the bank inject around $25 million into the startup, one London-based source said.
☆ DeepL, a hot AI translation startup pioneered by a former Googler, is closing in on a round above $100 million led by Netflix-backer IVP near a $1 billion valuation
  + stars: | 2022-11-16 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +3 min
Translation startup DeepL is closing in on a new funding round led by US giant IVP, sources say. DeepL previously sold a portion of its business to US investor Benchmark. Like Google Translate, DeepL offers a free translation service powered by artificial intelligence. A small test run by Insider indicates that DeepL is, at least in some cases, more intuitive than Google. DeepL previously sold a 13.6% portion of its business to US fund Benchmark and Btov Partners in 2018, according to reporting by Slator.
☆ Bank of America-backed fintech Banked just raised $15 million in fresh funds. Check out the 21-slide pitch deck used to close the round led by Insight Partners.
  + stars: | 2022-11-15 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +2 min
Payments fintech Banked has raised $15 million from private equity giant Insight Partners. The London-based startup offers payment options direct from users' bank accounts. Check out Banked's 21-slide pitch deck below:A London-based fintech backed by Bank of America has raised $15 million in fresh funds. Banked, founded in 2018, offers a service called "Pay by Bank" that enables users pay merchants directly through their bank accounts without having to wait for card settlement. This deal takes the company to just over $50 million raised to date.
☆ Sequoia-backed grocery startup Getir is close to buying its troubled rival Gorillas in a heavily discounted deal said to be worth less than $1 billion
  + stars: | 2022-11-11 | by ( Callum Burroughs | Shona Ghosh | ) www.businessinsider.com   time to read: +4 min
Grocery-delivery startup Gorillas is set to be acquired by its major rival Getir, sources say. Gorillas' valuation is expected to collapse from $3 billion to less than $1 billion, with layoffs anticipated. Beleaguered grocery delivery startup Gorillas is set to be acquired by Turkish rival Getir in a cash-and-equity deal that is expected to close in the coming weeks and at a substantially lower valuation, Insider understands. Gorillas' investors and shareholders will be paid out in cash while others will be offered preferred stock in Getir, the people said. Most of Gorillas' senior management is expected to stay on with with Getir shares as part of their package.
☆ Meta, Cameo, and Twitter are 3 of the latest creator economy companies to be hit with layoffs. Here are 22 that have cut staff recently.
  + stars: | 2022-11-10 | by ( Sydney Bradley | Amanda Perelli | Geoff Weiss | ) www.businessinsider.com   time to read: +2 min
Insider is keeping tabs on which creator economy companies are cutting back on staff. For more than a year, the creator economy was a red-hot industry flowing with new players, big deals, and massive investments. According to Crunchbase, funding for VC-backed creator economy startups topped $939 million in 2021. These sunny days are coming to a halt, however, as creator economy startups grapple with a looming recession. As the creator economy responds to the changing markets, Insider is keeping track of which companies are laying off staffers.
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