All posts tagged: 65M

Meltwater, the media monitoring startup, gets a M investment from Verdane

Meltwater, the media monitoring startup, gets a $65M investment from Verdane

Published by skeptic

Meltwater, which first made its name around media monitoring and then got active in business intelligence using AI and big data analytics techniques, is picking up a new investor. Verdane, a Norwegian private equity firm that earlier this year closed a $1 billion+ fund to make investments in scaling tech companies, is taking an 11% stake in Meltwater, at a company valuation of €542 million ($592 million), valuing the stake at around $65 million. But that’s not the only deal that is going down with this transaction. The investment is coming by way of Verdane taking a substantial stake Fountain Venture, the investment vehicle controlled by the founder and current chairman of Meltwater, Jørn Lyseggen. Meltwater, until earlier this year, was traded publicly on the Norwegian stock exchange. Lyseggen oversaw the company going private again earlier this year in a deal with two private equity firms, Altor and Marlin, and held his remaining share via Fountain. (The take-private deal was the last disclosed valuation and the one that Meltwater currently cites.) Verdane invested in Fountain …

European neobroker Scalable Capital raises M on a flat .4B valuation

European neobroker Scalable Capital raises $65M on a flat $1.4B valuation

Published by skeptic

Scalable Capital, a Munich startup that aims to make investing in financial markets accessible to a wider range of consumers, is putting more fuel in its tank to drive deeper into Europe. The company has raised €60 million in equity ($65 million at today’s rates). It will be using to build out its business in the six countries — Germany, Austra, Italy, France, Spain and Netherlands — where it is already active and to expand into more. Balderton is leading the round, with participation from HV Capital out of its new growth fund and other unnamed existing backers. Contrary to the startup’s name, this round is coming in at a flat valuation of $1.4 billion. This was the same valuation Scalable Capital had the last time it raised money — $140 million in 2021, a round led by Tencent, with BlackRock, HV and Tengelmann participating. That is despite the fact that the startup is now “four or five times bigger” than it was two years ago, according to co-CEO Erik Podzuweit, who co-founded the company …

Authentication startup FusionAuth raises M, its first outside round

Authentication startup FusionAuth raises $65M, its first outside round

Published by skeptic

Funding for cybersecurity startups continues to look bleak. According to a recent Crunchbase survey, companies in the digital security space raised 30% less funds — $1.9 billion — in Q3 2023 compared to Q3 2022. But some startups are bucking the trend. Case in point, FusionAuth, a company that provides authentication and user management tools for developers, today announced that it raised $65 million in a funding round led by Updata Partners. It’s FusionAuth’s first tranche of outside capital in its five-year history; prior to this, the company — which is profitable — had been completely bootstrapped. “This was the right time to partner with Updata because it allows us to hire and scale more quickly to address increasing demand from millions of developers and businesses like Stihl, Oppenheimer, Clover and Zenni Optical,” CEO Brian Pontarelli told TechCrunch in an email interview. “We’ll use this investment to expand our go-to-market and product development efforts and tap into our partner networks and build out a more formal channel program.” As for Updata, it felt that FusionAuth’s …

Dice books M for its event discovery and ticketing platform

Dice books $65M for its event discovery and ticketing platform

Published by skeptic

Live, in-person activity has come back with force in the wake of years of living with Covid-19, and a London startup that built an events tech business is today announcing funding to capitalise on that. Dice, an events discovery and ticketing platform, has raised $65 million, funding that it will be using to grow in the U.S. and Europe. This funding comes on the back of a year in which Dice provided services to “millions” of fans (no specific numbers disclosed), 55,000 artists and more than 10,000 venues, festivals and promoters across some 30 cities in the two regions, with Dice making money based on fees that it charges to event organizers. This investment and Dice’s growth goals focus on live events — not live streaming, Dice’s CEO and co-founder Phil Hutcheon told TechCrunch. The latter was an area that the company definitely (and predictably) doubled down on during the pandemic, but that business has largely been wound down in more recent times. “Nothing beats live and live streaming during the pandemic made sense but …

Tractable snaps up M led by SoftBank for car and property damage appraisals using AI

Tractable snaps up $65M led by SoftBank for car and property damage appraisals using AI

Published by skeptic

When it comes to transforming business operations, artificial intelligence holds a lot of promise across many industries. Today, a startup that has been an early mover in the area of applying AI, and specifically computer vision, to the world of insurance is announcing a round of growth funding to continue expanding its business. Tractable — which has built computer vision and related AI to carry out remote assessments of damage to property and cars — has picked up a further $65 million in funding. SoftBank Vision Fund 2 is leading this round, a Series E, with previous backers Insight Partners and Georgian also participating. Tractable currently processes some $7 billion in claims annually through its platform, partnering with insurance giants like Aviva, Geico and Admiral and others. It will be using the funding both to continue growing that existing business; but also to invest deeper into one of its biggest markets, Japan; and to incorporate more of the latest advances in AI to expand its services from insurance assessments into repairs, maintenance and sales of …

Daniel Ek’s Neko Health raises M for preventative healthcare through full-body scans

Daniel Ek’s Neko Health raises $65M for preventative healthcare through full-body scans

Published by skeptic

Neko Health, the health tech startup co-founded by Spotify co-creator Daniel Ek, has raised €60 million ($65 million) in its first external round of funding. The Series A round was led by Lakestar, with participation from Atomico and General Catalyst. Founded out of Sweden in 2018 by Ek and Hjalmar Nilsonne, Neko Health exited stealth back in February with the lofty promise of preventative healthcare via full-body scans backed by AI software that help doctors detect skin conditions including cancer, cardiovascular disease, diabetes, among other metabolic syndromes. Each scan apparently takes around 10 minutes and costs €250, according to the company, and is followed by an in-person consultation where the results are explained. Neko Health scan Image Credits: Neko Health The Stockholm-headquartered company claims a team of 35 doctors, researchers, and technicians spread across Europe, and it has a waiting list for people seeking full-body scans out of its inaugural clinic in Stockholm. “Healthcare costs are spiraling out of control — we believe preventive health will be key to reversing this trend,” Neko Health CEO …

Arsenal confirm Kai Havertz signing from Chelsea in £65m deal | Transfer window

Published by Sam

Arsenal have confirmed the signing of Kai Havertz from Chelsea. The deal for the Germany international is worth £65m and he should soon be joined at Arsenal by Declan Rice, who is close to sealing a £105m move from West Ham. Havertz has played as a No 9 for Chelsea but wants to operate in a deeper role for Arsenal. He joined Chelsea from Bayer Leverkusen in 2020 and has 19 goals and seven assists from his 91 Premier League appearances. Arsenal made a bid worth £105m for Rice on Tuesday night – a guaranteed £100m plus £5m in add-ons – and are in final discussions with West Ham over the payment structure after Manchester City withdrew from the race for the England midfielder. Arsenal are also close to sealing a £50m deal for the Ajax defender Jurriën Timber and wants the Southampton midfielder Roméo Lavia. “It’s super exciting for me to be joining this amazing club and to be part of the Arsenal family,” Havertz said. “This club has such a big history, and …

Last portrait by Gustav Klimt expected to fetch £65m at London auction | Gustav Klimt

Published by Sam

A portrait by Gustav Klimt described as a “heartfelt ode to absolute beauty” is expected to fetch £65m when it is sold in London later this month. Dame mit Fächer (Lady with Fan) is the last portrait Klimt completed. The work was standing on an easel in his studio when the Austrian painter died unexpectedly of a stroke and pneumonia in 1918 at the age of 55. It is one of the finest and most valuable works of art to be offered in Europe, said Sotheby’s, which is selling the painting nearly 30 years after it was acquired by its present owners. “Dame mit Fächer is the last portrait Gustav Klimt completed before his untimely death, when he was still in his artistic prime and producing some of his most accomplished and experimental works,” said Helena Newman, Sotheby’s worldwide head of impressionist and modern art. “Many of those works, certainly the portraits for which he is best known, were commissions. This, though, is something completely different – a technical tour de force, full of boundary-pushing …