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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. However, while many startups exist in cities like Turin, Bologna, Naples and Rome, Milan is generally seen as a bigger ecosystem because of its mercantile culture and a significant share of VC funds.

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5 top investors in Dutch startups discuss trends, hopes and 2020 opportunities

TechCrunch

In 2020, the venture industry continued to invest in startups, despite the COVID-19 crisis. Elastic, the provider of subscription-based data search software used by Dell, Netflix, The New York Times and others, was another gangbuster IPO in 2018. Nick Kalliagkopoulos , partner, Prime Ventures. •

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Austin-based Fetch Package secures $60M in equity & debt after tripling ARR in 2020

TechCrunch

Fetch Package , a last-mile package delivery company for apartment communities, has raised $50 million in a Series C round of funding and closed on a $10 million venture debt facility. million packages in 2020, and hit the 2.5 In addition to the equity raise, Signature Bank provided the company with a $10 million venture debt facility.

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U.S. Venture Deal Activity during the COVID-19 Pandemic

Ian Hathaway

Last month, I published an analysis of venture deal activity in the United States during the COVID-19 pandemic, which demonstrated that despite early warnings of an impending collapse, the pace of venture deal activity in the first half of 2020 was more or less on par with 2019. We now have fresh data to extend that analysis.

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The gig economy, cannabis and car data are tech-election winners in 2020

TechCrunch

Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7 a.m. The US is settling in for some new form of national gridlock, but state and local propositions are busy defining how technology businesses will be allowed to work (legally) in the US. Subscribe here.

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Afriex raises $1.2M seed to scale its payments and remittances platform across Africa

TechCrunch

Today, another YC-backed startup, Afriex — but from the Summer 2020 batch — is raising a $1.2 This is in contrast to better-known platforms like Western Union and Wise that use traditional banking systems. Pan-African VC firm Launch Africa led the seed round. million seed round. . running early-stage startups.

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Varjo, an early mover in building XR headsets and software for enterprises, taps $40M

TechCrunch

Applications in the metaverse often feel like more of a marketing gimmick than something that a critical mass of consumers would use, let alone pay for. To meet these expectations, both technology that is easy to use and accurate as well as high-quality software and content are needed.

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