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Wefox grabs $400M at $4.5B valuation to buck the insurtech downturn trend

TechCrunch

Founded out of Berlin in 2015, Wefox sells various insurance products through a combination of in-house and external brokers, bypassing the direct-to-consumer model of insurtech competitors which include rival German startup Getsafe. This represents a 50% increase on last year’s $3 billion valuation at its Series C round.

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Ghost Financial whips up new capital into finance tools for ghost kitchens

TechCrunch

So instead, Meyer, founder and CEO, created Ghost Financial to initially do two things: provide what he touts as “the first cash-back credit card for food and beverage inventory” and use data and technology to underwrite restaurant expansion loans and credit limits for the card. million pre-seed round to build engineering and marketing teams.

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Hivery bags new money to automatically optimize product placement on store shelves

TechCrunch

Hivery , a startup that bills itself as an “optimization platform” for retailers, today announced that it raised $30 million in a Series B round led by Tiger Global, the embattled private equity firm, with participation from Blackbird Ventures, AS1 Growth Partners and OneVentures. We call it ‘hyper-local retailing.'”

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Does Atlantic Canada have a blueprint for rural revival in the post-pandemic era?

TechCrunch

Can Bitcoin find its practical use case as a currency in Latin America? Stephen Harper, the country’s prime minister from 2006 to 2015, famously quipped that the region suffered from “ a culture of defeatism.” venture capital. More posts by this contributor. Soon, the region’s hard-luck narrative stuck.

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Surging homegrown talent and VC spark Italy’s tech renaissance

TechCrunch

Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade. In 2019, about 300 deals were venture-backed. It has an estimated 67 VC funds, with 18 of them started since 2015. Giuseppe Donvito , partner, P101 Ventures.

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Stream raises $38M as its chat and activity feed APIs power communications for 1B users

TechCrunch

A lot of our communication these days with each other is digital, and today one of the companies enabling that — with APIs to build chat experiences into apps — is announcing a round of funding on the back of some very strong growth. Together, the apps Stream powers cover more than 1 billion users.

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Revenue-Based Investing: A New Option for Founders who Care About Control

David Teten VC

A new wave of Revenue-Based Investors are emerging who are using creative investing structures with some of the upside of traditional VC, but some of the downside protection of debt. I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. So what is Revenue Based Investing?