Milan-based Bending Spoons raised €500M+ in debt led by JPMorgan to acquire more software businesses, after raising $155M at a ~$2.6B valuation in February 2024
Mark Bergen / Bloomberg :
Docs and sources: Builder.ai faked business with Bengaluru-based VerSe, which runs the Dailyhunt news app, by “round-tripping” sales worth ~$60M from 2021-2024
www.bloomberg.com/news/article... X: Nikhil Patwardhan / @patwardhannn : 🚨🚨 The Dailyhunt, Josh story seems to be unravelling quickly. Another Peak XV startup, among the most funded ones, seems to be ...
Docs and sources: Builder.ai faked business with Bengaluru-based VerSe, which runs the Dailyhunt news app, by “round-tripping” sales worth ~$60M from 2021-2024
www.bloomberg.com/news/article... X: Nikhil Patwardhan / @patwardhannn : 🚨🚨 The Dailyhunt, Josh story seems to be unravelling quickly. Another Peak XV startup, among the most funded ones, seems to be ...
UK filings: since 2023, Saudi Arabia's PIF has put $750M into Magic Leap, including $160M so far in 2024; Magic Leap says it needs to raise more by next month
Mark Bergen / Bloomberg :
Estonian ride-hailing and scooter rentals startup Bolt Technology secures a €220M credit facility which it believes will help prepare the company for an IPO
Mark Bergen / Bloomberg :
Kontakt.io, whose software and Bluetooth devices help hospital managers make decisions about patients, beds, and equipment, raised $47.5M from Goldman Sachs
Mark Bergen / Bloomberg :
Copenhagen-based Corti, whose AI co-pilot transcribes hospital calls and does paperwork, raised $60M led by Atomico and Prosus, sources say at a $260M valuation
Mark Bergen / Bloomberg :
OnlyFans reports revenue up 17% YoY to $1.1B in the FY to November 30, 2022, profit up 24% YoY to $404M, creators up 47% YoY to 3.2M, and users spent $5.6B
and the platform shows no signs of slowing Peter Hoskins / BBC : OnlyFans owner Leonid Radvinsky receives $338m payout Stuart Dredge / Music Ally : OnlyFans financials reveal it was a billion-dollar b...
PitchBook: the UK and Ireland accounted for <28% of VC deals in Europe and Israel in Q1 2023, down from 34%+ in 2018, as deals in France and the Nordics rose
Mark Bergen / Bloomberg :
GP Bullhound: European tech startups raised €30.5B in debt in 2022, up from €15.9B in 2021, as the global tech slump made raising new equity more difficult
Mark Bergen / Bloomberg : Tweets: @mhbergen Tweets: Mark Bergen / @mhbergen : EU techmeme represent! https://twitter.com/...