#37 Funding the journey
#37 Funding the journey
Non-dilutive funding alternatives, Growth strategies, and Workout + connect.
👋 Hi, I’m Anais, cofounder of Amela. Every Monday, we publish a weekly round up of insights + learning recs for European techs, from a diverse & inclusive perspective. Follow or share along to learn more about starting and investing in tech companies.
hello Amelas and Amelos,
This week we have the following news and articles to fuel your ambition:
Getir quits Europe and the US 😶🌫️
IMF Report. The Last Mile: Financial Vulnerabilities And Risk 🚨
Bolt Secures €220 M Syndicated Revolving Credit Facility🚗
Unveiling Data Insights 📊
Non-dilutive Funding for Startups 🌱
Growth Strategies Unveiled 📈
Aaaaand for the ones in Berlin see you this Thursday at the Morning Club for some workout and connection.
x Anaís
p.s.: join our “Amela Network” whatsapp to be the first one to know about our activities.
Introducing the Amela Aspiring Founder Community💫
Last week we kicked off our Aspiring Founders community, a community for entrepreneurial women to put the accelerator paddle on their dreams. Offering a global community of female entrepreneurs, monthly Mastermind sessions, access to essential startup resources, and exclusive founder wellness benefits. Next intake will be beginning of June. Apply here!
News
All about technology in Europe and the world 🌐
Getir quits Europe and the US 😶🌫️
Sifted reports on Getir's decision to exit the European and UK markets, marking a significant setback for the on-demand grocery delivery sector. Despite rapid growth and substantial investments, Getir faced challenges in sustaining its operations amidst fierce competition and shifting consumer behaviors. This exit underscores the complexities of scaling in the hyper-competitive delivery market and raises questions about the future of on-demand services in Europe. Read more.
IMF Report. The Last Mile: Financial Vulnerabilities And Risk 🚨
From strengthening regulatory frameworks to promoting transparency and risk management practices, this new IMF report outlines key measures for safeguarding against systemic risks and promoting stability in the financial system. Explore the IMF's recommendations to stay informed and proactive in navigating the ever-evolving global financial landscape. Read more here.
Bolt Secures €220 M Syndicated Revolving Credit Facility🚗
EU-Startups highlights the latest development as Tallinn-based ride-hailing giant, Bolt, announces its successful acquisition of a €220 million syndicated revolving credit facility. This milestone marks Bolt's debut financing round, reflecting investor confidence in the company's growth trajectory and potential. With plans to expand its services and infrastructure across Europe and beyond, Bolt aims to solidify its position as a key player in the mobility industry. Read more here.
Investments
From 29th of April to 5th of May. Find a 💜 next to the raises of the teams with at least one woman in the founding team.
🇨🇿 Birdwingo secures €1.2M in Prague to launch its financial education and investment platform aimed at empowering teens in Europe to manage investments.
🇬🇧 Made With Intent raises £1.5M for its eCommerce optimization platform, focusing on understanding and targeting customer intent to improve online retail experiences.
🇩🇰 Pleo receives €40M in debt financing from HSBC Innovation Banking to enhance its spend management solutions, broadening financial options for clients across Europe.
🇩🇪 Ovom raises €4.8M to enhance fertility treatments using AI and computer vision, aiming to significantly improve IVF success rates beyond current industry standards. Congrats Felicia, Cristina, and Lynae! 💜
🇳🇱 Vitestro secures $22M to advance its autonomous blood draw technology, aiming to enhance efficiency and patient experience in medical labs.
🇩🇰 Formalize raises €15M in Series A to establish itself as Europe’s leading compliance software provider, aiming to streamline compliance workflows.
🇪🇪 Bolt secures €220M in a credit facility as it prepares for an IPO, aiming to enhance its liquidity and expand its ride-hailing, food delivery, and micro-mobility services.
🇺🇸 Altruist raises $169M in a Series E round, boosting its valuation to $1.5B. The digital wealth management startup aims to innovate RIA-focused services.
🇪🇺 SumUp raises €1.5B in a round led by Goldman Sachs, aiming to expand its financial services and payment solutions globally.
🇧🇪 Aikido raises $17M in Series A to expand its developer-focused, open-source security platform, aiming to streamline and enhance cybersecurity solutions.
Opportunities and Events
Open calls and events for entrepreneurs
🗓️🌐Online: Data-Driven VC Summit 2024 (May 5-8)
Dive into the world of venture capital at the Data-Driven VC Summit 2024, a virtual event with over 20 expert speakers who will delve into how data science and AI are revolutionizing investor productivity. Register here.
📅🇩🇪 Event: Women Thriving - Female Longevity & Vitality (May 7)
Featuring leaders from femtech and medical research, this event will mantain a pivotal discussion on female longevity and health at the Google. This session, part of Longevity Week, will address gender-specific health issues, the impact of reproductive systems on aging, and the latest in health span technology. Join here.
🗓️🇩🇪 Event: OMR Festival 2024 - The Digital Universe (May 7-8)
Immerse yourself in the digital universe at the OMR Festival 2024 in Hamburg! This massive event promises two days of information, inspiration, and networking for digital business professionals. With top international speakers, masterclasses, and an expansive trade fair, OMR is a must-attend for anyone in the digital marketing field. Register here.
📅🇨🇿 Event: 0100 Conference CEE 2024 (May 14-16)
Dive into the heart of Central and Eastern Europe's private equity and venture capital landscape at the 0100 Conference CEE 2024. Ideal for investors seeking to expand their influence and knowledge in the CEE region. Register here.
🗓️🇸🇪 Event: Mashup 2024: Europe's Premier Startup Event (May 15-16)
Join Europe's most exclusive gathering of startups and investors at Mashup 2024 in Malmö! This invite-only event, set for May 15-16, is meticulously crafted to foster meaningful connections. Get your invite here.
📅🇬🇧 Event: Tech.eu Summit London 2024 (May 16-17)
Connect with the brightest minds in technology at the Tech.eu Summit London 2024. Engage in discussions about shaping the future of tech, participate in startup showcases, and expand your network. Whether you're an entrepreneur, investor, or tech enthusiast, this summit is the place to be for cutting-edge insights and networking opportunities. Register here.
📅🇳🇱 Event: Upstream Festival 2024 (May 28-29)
Join a premier event for startups, investors, and changemakers. The festival offers various passes, including special rates for students and early birds. Attendees can engage with innovative entrepreneurs, participate in networking sessions, and gain insights from industry leaders. Whether you’re a startup founder, an investor, or simply interested in the startup ecosystem, this event in Rotterdam promises valuable opportunities for growth and collaboration. Get your tickets here.
📝 Application: Immerse by Bubble (Apply by May 24)
Don’t miss out on this immersive pre-accelerator, designed to help budding entrepreneurs and developers dive deep into no-code app development. It features interactive sessions, practical workshops, and networking opportunities aimed at enhancing your skills and connecting you with like-minded professionals. Perfect for those looking to launch or scale their projects without deep coding knowledge. Apply here.
🗓️🇩🇪 Event: Morning Club: Work out + chat (May 9)
Our household event, the Morning Club, is coming back to town. Connect with fellow founders, aspiring founders and investors in a safe space. Get the workout of the day and an energy booster in your week. No pitches, or card trading, just connections and good vibes!! Sign up here.
Would you like to add something here? 👀
Recommendations
Articles, videos, and other resources to learn
📊 Unveiling Data Insights
With a focus on translating raw data into actionable insights, Marcial Fraga provides practical tips for extracting meaningful information and driving decision-making processes. Whether you're a data analyst, scientist, or business leader, this offers valuable insights to enhance your data-driven strategies. Uncover the secrets of unlocking the full potential of your data through the power of data insights, offering valuable recommendations for professionals in the analytics field. Read here.
🌱 Non-dilutive Funding for Startups
From grants to subsidies, this resource delves into alternative funding sources that can fuel growth without sacrificing equity. Whether you're a founder in the early stages or scaling your business, these recommendations provide valuable strategies to secure funding while retaining ownership. Dive into new opportunities for your startup's financial journey through various examples. Read more.
📈 Growth Strategies Unveiled
Discover actionable recommendations and innovative approaches employed by others to scale UX/UI products organically. Whether you're a startup founder or a marketing enthusiast, this piece offers valuable insights into leveraging product quality, community building, and strategic partnerships for sustainable growth. This article provides inspiration and practical tips to fuel your own business's expansion. Read more here.
🥇 Insights from a Global Entrepreneurial Leader
Featuring Maëlle Gavet, CEO of Techstars, shares invaluable lessons from her diverse international career in start-ups and scaled corporations. From her roots in France to leading transformations in startups and scaled corporations, Gavet offers wisdom on the balance between values and business needs. With a focus on hard work and curiosity, her perspective on entrepreneurship as a force for good is both inspiring and practical for aspiring founders.
xx