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Notes and commentaries about what matters in the European space - concise, no non-sense insights, interesting stories and implications for founders, investors, employees from tech companies or government representatives.
Published every Sunday morning by Dragos Novac and emailed to investors, founders and decisions makers from 50+ countries who want to understand the ecosystem from Europe.
- is China a threat to Europe?
- cash or equity advisory?
- what will kill On Deck anyways?
- active angels in Europe
- the difference between an angel and a super angel
- Europe's long tail
The Sunday CET this week:
- the list with 140 VCs most active in Europe this year
- the equity crowdsourcing market is consolidating, is this a good thing?
- is the European expansion worth the time, effort and investment for American companies?
Tink was acquired by Visa for 2.2 billion. Would they have been capable of executing and become a 40-50 billion company with huge upside like Klarna is now, for example, or is this the type of business that rather gets acquired for strategic reasons?
It looks like we have that answer.
- Klarna became a Google reseller, is there more to it?
- how many ways are there for creating unicorns
- a 22 year old kid is changing an industry
- are voice apps a feature or a product?
This week we talk about vision-driven projects from Sweden, quantum deals and the latest VC marketing initiatives launched in Europe.
Today we cover the details of an investment deal that I haven’t seen on the usual Euro media channels and which will probably be written about extensively in the following days.
Today we’ll talk Euro M&A, VC innovation and copying other people’s ideas.
This week we’ll talk about white spaces in the Euro VC market, have a quick look at how a Swedish VC hit two birds with one stone and about the next hot segment that investors will look for in Europe.
We’ve also picked some of the more interesting deals from this week’s dealflow.
Euro VCs seem to have finally started to adopt best practices at doing their job (a software arms race going on as we speak) and we see more and more examples of players not being afraid of doing things differently and taking more risks - in an industry of followers, no less.
We dig into it.
Why is all of a sudden early stage interesting for investors in Europe?
For once, it is more profitable - finding and backing startups at the earliest moment with the upside of becoming a multi billion dollar business is a really good business. It *is* the business.
Second reason is that series A/B round is getting really crowded in Europe.
We look into it.
Here's what we talk about this week:
- What’s the value of a media asset without a tech ad system?
- Is content a marketing expense or a revenue driver?
- Klarna confirmed he’s going after Amazon’s marketplace.
Data-based intel from the European startup ecosystem written professionally in an easy to understand format - tactical bits and industry-wide trends, curated deals, active investors and relevant early stage transactions.
Published every Monday morning and emailed to the Nordic 9 customers - investors, founders and decision makers willing to stay updated with the strategic moves from Europe.
- $5 billion were made available for Euro startups
- a data-driven real estate broker led by a Turkish entrepreneur raised $65 million
- operator of a digital platform for people over 50s raised $9 million
- (yet another) grocery delivery startup, with a twist, raised $1M while part of YC
- a D2C insurance selling via a gamified app raised $70 million
- an online personal shopping service provider raised traction money
- two carbon tracker startups got pre-seeded
- an online grocery retailer delivering all products in reusable packaging was pre-seeded too
- 2021 YC alumni that still didn't raise money.
- a bootstrapped SAAS startup raised $70 million
- a merchant of insurance products for crypto investors raised traction money
- a real estate ads marketplace secured funding to pivot into buy-to-let assets
- a SAAS logistics aimed to help e-commerce, raised pre-product
- standard terms sheets, bad term sheets
- Softbank kept busy in Europe.
This week's update features:
- good ol' SAAS startups, D2C FMCG startups and Europe's largest robotics marketplace
- Softbank's forrays into Europe's grocery big players
- investors' moral compass
This week features a baby products marketplace, a VR experience provider, fractional trade platforms and carbon capture device producers.
- American celebrities invested in a pre-launch European startup this week. Who are they, why they did it and what other Euro startups raised money from celebrities.
- Early stage profiles: one in stealth, D2Cs and a software-based market aggregator
- A curation of the most interesting fundraising deals from this week
- 9 new investment funds announcements.
There's three types of seed investors + we have a detailed look at the family offices from Sweden.
Euro startups accelerated by YC keep raising money, Goldman has quietly become one of more active growth finance providers and, believe it or not, there's still high profile investors not involved with grocery startups from Europe. Yet.
Half of the European deals made by Softbank in the first five months of the year are from the Nordics. We made a quick overview of them + the usual weekly intel.
The intel for this week is about a serial entrepreneur from Germany who has invested in more than 20 early stage software startups in the past years and about a startup building a modern email client out of Europe.
This update covers intel about the most active investors and the largest fundraising deals from Europe from April 2021 + active investors and interesting early stage startups from the past week.
- What are tech startups that raised funding from non-French investors last year
- the European payment startup funded by family offices aiming to become an alternative to the American systems
- a neobank based in Germany, registered in Cyprus, with backoffice in Russia and American investors.
we have a look at the European geographical portfolios of two American investors + 8 fresh funds announced to deploy money in Europe's startups + a batch of early stage interesting startups
a review of interesting Euro startups which were backed by American investors at very early stages + active investors and new funds announcements from the past week + a list of interesting early stage startups that were funded in the past month
Nordic-focused curation of what's important in the region, with an emphasis on local and international investors activity, competitive analysis and early stage startups usually not covered by the mainstream media.
Published every Friday afternoon and emailed to the Nordic 9 customers - investors, founders and decision makers who have a keen interest in the Nordic region.
This Nordic Friday:
- customer service SAAS closed a $100M+ deal in 2 months
- pre-product metaverse-sounding startup was pre-seeded
- fashionable e-bikes, microinsurance sellers and energy monitoring SAAS
Nordic dealflow intel:
- digital wealth platform w/ 32k customers raised $7M
- SAAS for social media management raised $1.5M
- dark kitchen startup raised seed money
This week in the Nordics:
- Swedish electric airplanes startup becomes a global business
- Danish startup marketplace raises $5M+ from 'strategic angel investors'
- Danish wine marketplace gets seeded
- Norwegian YC alumni raises funding from American investors
This is what was important in the Nordics this week:
- textile tech raises money for growth
- car subscription is the Nordic hot
- 9-months old fintech in a $20M+ investment deal
- early stage marketplaces, dark store operators and plant-based producers
Quieter week in the Nordics, typical post-midsummer - everybody has mostly gone away either at the summer cabin or in Spain.
And this, of course, is reflected in the dealflow activity - most of the announced deals we process were closed a few weeks ago.
However, a quick look at the books of June shows a particularly spectacular month in the Nordics as the $4.4 billion spent for buying assets from the local private market this month alone is higher than what was spent in any of the previous full years, with the exception of 2020.
Also - Norway! It's been the hidden gem of Scandinavia, and this first 2021 half unveiled quite a few interesting startups ready to scale and raising accordingly, see also some of the below announcements.
More on that in the coming weeks after things will have settled. Let's look at this week's highlights.
It's midsommar in the Nordics, meaning that business wise it was a short week this one, with a 2.2 billion highlight of an yet another American company acquiring yet another Swedish fintech, and a few deals made by ambitious Nordic founders shooting for the moon straight from the US.
Good investment vibes from the Nordics this week, where we're enjoying a combination of some hot summer days and some Swedish political turmoil.
Other than that, we've had a $2 billion valuation (it seems we've been hearing from Nordic unicorns every week lately), a pre-launch seed round for an icecream robot and a Danish developer of "Wordpress for robots".
We're half way of 2021 already and it looks like money access is the last problem to have for the Nordic companies looking to grow by selling equity.
there were 3 SPAC vehicles announced in the Nordics in the past 10 days + interesting deals from the region
Looks like this week we finally got to a closer-to-normal deal announcement level in the Nordics - here's what caught our attention.
This week marked the announcement of two of the largest VC deals in their respective geographies - Norway and Finland. It's not very often you see triple digits numbers deals for minority stakes in the local private market, and 2021 seems to be quite heated as the money is aplenty.
We produced a report profiling 25 VCs from the new wave of European investors and 4 of them are from the Nordics + the usual weekly intel updates
We produced a report listing 100 early stage investors from Europe - at pre-seed and seed level. 15 of them are from the Nordic countries + the Nordic data for April
Comparing deals and investors involved in the Nordic heatlcare sector + as April is coming to an end, we're quick to reach $1 billion in money invested in the Nordics for the month.