European challenger bank Bunq raises $228 million at $1.9 billion valuation

Amsterdam-based challenger bank Bunq has been self-funded by its founder and CEO Ali Niknam for several years. But the company has decided to raise some external capital, leading to the largest Series A round for a European fintech company. The startup is raising $228 million (€193 million) in a round led by Pollen Street Capital. […]
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Investors find European unicorns reluctant to join SPAC boom

European SPAC creation is modest compared to what’s been going on in the U.S, but it still represents material growth and a new avenue for European tech startups still hungry for exit opportunities.
https://tcrn.ch/3yy9ibf

India’s IT and Broadcasting ministers resign

India’s IT minister Ravi Shankar Prasad and Information and Broadcasting minister Prakash Javadekar resigned from their roles on Wednesday, adding to the list of high-profile local politicians who have vacated their positions ahead of India Prime Minister Narendra Modi reshuffling his cabinet. The resignations of Prasad — who also served as the minister of Law […]
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Sarah Guo, Kobie Fuller & Casey Aylward headline investor panel at TC Sessions: SaaS

While SaaS has become the default way to deliver software in 2021, it still takes a keen eye to find the companies that will grow into successful businesses, maybe even more so with so much competition. That’s why we’re bringing together three investors to discuss what they look for when they invest in SaaS startups. […]
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Single.Earth to link carbon credits to crypto token market, raises $7.9M from EQT Ventures

Here’s the theory: Instead of linking carbon and biodiversity credits to the sale of raw materials such as forests, which cause CO2, what if you linked them to crypto tokens, and thus kept these CO2-producing materials in the ground? That’s the theory behind Single.Earth, which has now raised a $7.9 million seed funding round led […]
https://tcrn.ch/2SSmIzJ

Italy’s DPA fines Glovo-owned Foodinho $3M, orders changes to algorithmic management of riders

Algorithmic management of gig workers has landed Glovo-owned on-demand delivery firm Foodinho in trouble in Italy where the country’s data protection authority issued a €2.6 million penalty (~$3M) yesterday after an investigation found a laundry list of problems. The delivery company has been ordered to make a number of changes to how it operates in […]
https://tcrn.ch/3qPuE0Z

ManoMano raises $355 million for its home improvement e-commerce platform

French startup ManoMano has raised a Series F funding round of $355 million led by Dragoneer Investment Group. The company operates an e-commerce platform focused on DIY, home improvement and gardening products. It is currently available in six European countries. Following today’s funding round, the company has reached a valuation of $2.6 billion. In addition […]
https://tcrn.ch/3dO7xi3