Tuesday Operational Roundtable – A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started

Welcome to this week’s Operational Roundtable Thread.

Ask about anything related to legal, accounting, project management, or how to get started.

Don’t be shy. The purpose of this is to learn and share ideas and methodologies with one another.

Any question is a good question!

If you are answering questions, remember to be kind and supportive. Many are just starting out and have no idea what they are doing. That’s okay! We all knew nothing before we knew something.

You can also find more support using instant chat on the /r/startups discord.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Tuesday Operational Roundtable – A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started

Welcome to this week’s Operational Roundtable Thread.

Ask about anything related to legal, accounting, project management, or how to get started.

Don’t be shy. The purpose of this is to learn and share ideas and methodologies with one another.

Any question is a good question!

If you are answering questions, remember to be kind and supportive. Many are just starting out and have no idea what they are doing. That’s okay! We all knew nothing before we knew something.

You can also find more support using instant chat on the /r/startups discord.

submitted by /u/AutoModerator
[link] [comments]
Startups – Rapid Growth and Innovation is in Our Very Nature!

[Armory in TechCrunch] Armory nabs $40M Series C as commercial biz on top of open-source Spinnaker project takes off

As companies continue to shift more quickly to the cloud, pushed by the pandemic, startups like Armory that work in the cloud-native space are seeing an uptick in interest. Armory  is a company built to be a commercial layer on top of the open-source continuous delivery project Spinnaker. Today, it announced a $ 40 million Series C.

Read more here.

The post [Armory in TechCrunch] Armory nabs $ 40M Series C as commercial biz on top of open-source Spinnaker project takes off appeared first on OurCrowd Blog.

OurCrowd Blog

Tech startups weekly: Klarna under investigation, Balderton to launch a new fund, EU funds for lab-grown meat project, & more

Tech Startups

The European startup ecosystem is evolving and maturing. Most startups, across the continent, are acclimatising to the new normal, undergoing digital transformation, and coming up with new innovations to stay relevant. Fundraising and consolidation are prevalent, as startups are focusing on scale and expansion.

European tech startups weekly

As a part of a weekly roundup, here is a list of some of the most important tech startups that have hit the headlines in Europe this week.

Image Credit: Brighteye Ventures

Brighteye Ventures grabs €46M 

Luxembourg-based Brighteye Ventures, the European EdTech VC firm, has announced the $ 54M (approx €46M) first close of its second fund, bringing its total assets under management to over $ 112M (approx €95.5M). 

The capital comes from a mixture of existing and new investors, made up primarily of unnamed international family offices. The fund’s second close is expected to take place next year. The new funds will go to 15-20 companies over the next 3 years at the seed and Series A stages, with cheques up to $ 5M (approx €4.2M).

Brighteye Ventures is an EdTech venture capital fund in Europe. It leverages deep experience in tech, education, media, and VC and invests at Seed and Series A stages.

Image Credit: Klarna

“Unsolicited” marketing emails.

Stockholm-based Klarna has been reported to the UK’s data regulator for sending “unsolicited” marketing emails.

Apparently, Klarna has sent its newsletter to people who had never used its services. Some of the claimants showed anger on Twitter, asking the company, why and how their details had been obtained.

Klarna had also sent out a second email apologising to recipients. The company claims to have around 8.6 million customers in the UK. And, it could pay a penalty of up to 4% of its annual revenue. It made SEK 7.2B (approx €631.5M) in 2019. This means a fine could look as big as $ 29.6M (approx €25.2M).

The Information Commissioner’s Office (ICO) is investigating the issue.

Image Credit: Smunch

The online canteen

Berlin B2B food delivery service, Smunch, has raised €18M in capital funding. The money represents the capital raised since the company’s founding in 2016, provided by investors including Luxor Capital Group, Thomassin, Nosara Capital, and Colle Capital.

The startup aims to make it easy for companies to provide healthy, mindful food for their employees. The food delivery service provider has tied up with the restaurants in town, who take turns providing food with options including vegan and meat. Currently, the startup operates in three major German cities, including Berlin, but it’s looking to expand – and introduce new services.

Image Credit: Workpath

Company software for strategic implementation

The Munich-based SaaS platform Workpath has received millions in funding from signals Venture Capital to further grow and expand its market leadership.

Founded in 2017 by Eddie Peloke, Workpath uses Objectives and Key Results (OKRs) to help companies flexibly and effectively execute their strategy. It aims to increase the adaptability, innovative power, and effectiveness of companies with its software-based on agile methodologies.

Image credit: ShutterStock

Ex Revolut employees launch a new investment company

The business was set up by former Revolut employees Rishi Stocker, Dan Westgarth, Will Mahon-Heap, and Neil Shah. A fifth, unnamed Revolut stalwart is also involved in the new venture. Currently, an angel investment firm, however, Expansion Capital aims to grow into a fully-fledged venture capital firm. 

It is currently investing between £50,000 (approx €54,966) and £100,000 (approx €109,959) in a range of early-stage tech startups. The founders are investing their own cash alongside a group of angel investors, who contribute on a deal-by-deal basis. Expansion Capital – incorporated in March 2020, is a seed-stage investor. It has already backed around fifteen early-stage startups. 

Image credit: Balderton Capital

Balderton to launch a new fund

Balderton Capital is raising money for a new growth fund to fill the financing gap in the European market and take early-stage startups through to public listings. It is focused exclusively on backing the best European-founded technology companies.

Founded in 2000, Balderton has invested in more than 200 early-stage companies over the past 20 years. It is aiming to raise hundreds of millions of dollars from investors in order to help promising startups expand more aggressively.

The firm has invested in over 100 early-stage startups between 2000 and 2017, including Betfair, The Hut Group, MySQL (sold for $ 1B – approx €852M – to Sun Microsystems) among others. It has raised eight funds over 20 years, totaling $ 3B (approx €2.5B).

Image credit: BioTech Foods

Funds for lab-grown meat project ‘Meat4All’

The EU’s Horizon 2020 R&D funding framework programme has granted €2.7M to a lab-grown meat project ‘Meat4all’, which is led by Spanish firm BioTech Foods and its Ethicameat B2B concept.

BioTech Foods has been working on developing its cultured meat, which it supplies to food business customers, known as ‘Ethicameat‘ since 2017.

The ‘Meat4All’ project, in which the French company Organotechnie also participated, aims to increase cultured meat production technology, work on market acceptance and perform testing to assess safety in order to start sales by July 2022.

Image credit: Zipp

Irish e-scooter startup to start the trial in the UK

Zipp Mobility, an Irish micromobility startup, has been given a green light by Somerset West and Taunton (SWT) Council to run a 12-month e-scooter trial scheme in Taunton, the county town of Somerset. SWT Council has received approval from the UK Department for Transport (DfT) to operate the scheme which is scheduled to commence in late October.

Founded in 2019 by Charlie Gleeson, Zipp is a dockless scooter sharing company launching in the UK and Ireland in this year. The startup aims to reduce congestion and greenhouse gas emissions by providing affordable micromobility alternatives that enhance the quality of life of communities across the world.

Featured image credit: Rawpixel.com/Shutterstock

Startups – Silicon Canals

Armory nabs $40M Series C as commercial biz on top of open-source Spinnaker project takes off

As companies continue to shift more quickly to the cloud, pushed by the pandemic, startups like Armory that work in the cloud-native space are seeing an uptick in interest. Armory is a company built to be a commercial layer on top of the open-source continuous delivery project Spinnaker. Today, it announced a $ 40 million Series C.

B Capital led the round, with help from new investors Lead Edge Capital and Marc Benioff along with previous investors Insight Partners, Crosslink Capital, Bain Capital Ventures, Mango Capital, Y Combinator and Javelin Venture Partners. Today’s investment brings the total raised to more than $ 82 million.

“Spinnaker is an open-source project that came out of Netflix and Google, and it is a very sophisticated multi-cloud and software delivery platform,” company co-founder and CEO Daniel R. Odio told TechCrunch.

Odio points out that this project has the backing of industry leaders, including the three leading public cloud infrastructure vendors Amazon, Microsoft and Google, as well as other cloud players like CloudFoundry and HashiCorp. “The fact that there is a lot of open-source community support for this project means that it is becoming the new standard for cloud-native software delivery,” he said.

In the days before the notion of continuous delivery, companies moved forward slowly, releasing large updates over months or years. As software moved to the cloud, this approach no longer made sense and companies began delivering updates more incrementally, adding features when they were ready. Adding a continuous delivery layer helped facilitate this move.

As Odio describes it, Armory extends the Spinnaker project to help implement complex use cases at large organizations, including around compliance and governance and security. It is also in the early stages of implementing a SaaS version of the solution, which should be available next year.

While he didn’t want to discuss customer numbers, he mentioned JPMorgan Chase and Autodesk as customers, along with less specific allusions to “a Fortune Five technology company, a Fortune 20 Bank, a Fortune 50 retailer and a Fortune 100 technology company.”

The company currently has 75 employees, but Odio says business has been booming and he plans to double the team in the next year. As he does, he says that he is deeply committed to diversity and inclusion.

“There’s actually a really big difference between diversity and inclusion, and there’s a great Vernā Myers quote that diversity is being asked to the party and inclusion is being asked to dance, and so it’s actually important for us not only to focus on diversity, but also focus on inclusion because that’s how we win. By having a heterogeneous company, we will outperform a homogeneous company,” he said.

While the company has moved to remote work during COVID, Odio says they intend to remain that way, even after the current crisis is over. “Now obviously COVID been a real challenge for the world, including us. We’ve gone to a fully remote-first model, and we are going to stay remote-first even after COVID. And it’s really important for us to be taking care of our people, so there’s a lot of human empathy here,” he said.

But at the same time, he sees COVID opening up businesses to move to the cloud and that represents an opportunity for his business, one that he will focus on with new capital at his disposal. “In terms of the business opportunity, we exist to help power the transformation that these enterprises are undergoing right now, and there’s a lot of urgency for us to execute on our vision and mission because there is a lot of demand for this right now,” he said.

Startups – TechCrunch

Tuesday Operational Roundtable – A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started

Welcome to this week’s Operational Roundtable Thread.

Ask about anything related to legal, accounting, project management, or how to get started.

Don’t be shy. The purpose of this is to learn and share ideas and methodologies with one another.

Any question is a good question!

If you are answering questions, remember to be kind and supportive. Many are just starting out and have no idea what they are doing. That’s okay! We all knew nothing before we knew something.

You can also find more support using instant chat on the /r/startups discord.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Africa Soft Power Project delivers impactful 15-day virtual summit on Propelling Africa Forward – Nairametrics

Africa Soft Power Project delivers impactful 15-day virtual summit on Propelling Africa Forward  Nairametrics
“nigeria startups when:7d” – Google News