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Lowercarbon Capital and Gradient Ventures Invest $9M in Quilt for Advanced Residential Heat Pump System

American Entrepreneurship

“However, most heat pump systems today are more difficult to use than their more mature fossil incumbents. Lambert served as Director at Google’s Area 120, where he led the division’s sustainability investments. We’re developing heat pumps that are better than any HVAC system of any kind.

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SG’s Equatorial Space bags $1.5m in Seed funding

AsiaTechDaily

The company’s aim is to enable space access at greatly reduced risk, cost, and environmental impact compared to incumbent solutions. VC is a Singapore-based early-stage VC fund investing in technologies of the future and founders that create emergent industries with a global impact.

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Digital road freight forwarder Sennder raises $160M Series, plans European expansion

TechCrunch

Sennder competes with large incumbents like Wincanton and CH Robinson, as well as other startups such as OnTrac and Instafreight. Sennder’s new investment will mean it can expand in European markets. In June 2020 it merged with French competitor Everoad, and acquired Uber Freight’s European business last September.

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Sweden-based digital bank Northmill raises $30M

TechCrunch

Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli. For me, this is an investment in a tech company with long-term owners, who are just at the beginning of their journey. Next stop, Norway. I see great growth potential in the bank.”. Anyfin bags €4.8M

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Digital freight forwarder Forto raises another $50M in round led by Inven Capital

TechCrunch

Additional investment came from Iris Capital, with strong participation from current investors, including Rider Global, Northzone, Cherry Ventures and the Italian venture fund H14. Additionally, Maersk, the largest ocean carrier in the world, has “significantly” — says the startup — added to its existing investment.

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Most fintechs partner with banks; Varo became one, and says it’s paying off

TechCrunch

For me, there was a huge opportunity in a space that the incumbents were not able to capture because a lot of it is the economics of their model and misaligned incentives.The world continues to unfortunately be made up of haves and have nots….There TC: Was it worth it for you to get a charter as a company? And if so, why?

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The 4 Questions Startups Should Ask Themselves about Building with Generative AI

Tomasz Tunguz

Market : how to compete with incumbents? Usage & distribution, like in classical SaaS, are likely the most sustainable & repeatable. It’s likely startups start at plug-ins & then move down with scale that affords more usage & more capital to invest. Moats : how to develop competitive advantage?