Copenhagen-based Pleo, which offers smart payment cards for employees, attained unicorn status, raising $150 million in Series C funding at a $1.7 billion valuation from Bain Capital Ventures and Thrive Capital. Pleo said that this is the largest Series C investment raised by any Danish-headquartered company.
The US Department of Defense (DoD) has announced the cancellation of the ten-year JEDI contract with Microsoft. The move comes after US Federal Judge Patricia Campbell-Smith rejects the DoD and Microsoft’s motions to dismiss Amazon’s challenge of awarding the contract to Microsoft. Alongside the termination of JEDI, The Pentagon has announced a new JWCC contract, considering evolving cloud requirements
Magic Fund, a global collective of founders backing other founders, has raised $30 million in its second dedicated fund, Magic Fund II, to continue its mission of supporting early-stage startups across Africa, Europe, Latin America, and Southeast Asia.In an official announcement, Magic Fund stated that it would be writing checks between $100K and $300K in early-stage companies across different sectors and geographies and enunciated its aspirations and vision behind supporting them.
Tata Consultancy Services has released Jile 5.0, a SaaS-based solution. Jile 5.0 is available in two versions. The Standard edition and the Enterprise edition. Jile 5.0 gives organizations a unified picture of their portfolios and programs, allowing them to align execution with strategy better. This will help business stakeholders, and teams collaborate more effectively and reduce the time it takes to launch new software.
TravelPerk, a business trip booking website, has purchased the UK-based Click Travel. Click Travel oversees £300 million in business travel for its clients, which will help TravelPerk expand in the future. With the addition of Click Travel’s 2,000+ SME clients, TravelPerk’s UK and European business has been reinforced, increasing the total number of customers to little more than 5,000 after the acquisition.
Hubble, an online marketplace for flexible office space, has announced that it has raised €2.7 million (approx. USD 2.7 million) in a funding round led by Pi Labs. Other participants include JLL Spark and Starwood Capital.The new funds will help in launching Hubble’s new suite of solutions geared at facilitating hybrid working.
Toqio, a provider of SaaS global financial platform, has announced its raise of €8 million ($9.4 million) seed round funding led by Seaya Ventures and Speedinvest, with participation from SIX FinTech Ventures. The company would use the proceeds to scale its platform. Taking the announcement to its official LinkedIn and Twitter Handle, Toqio thanked the investors and enunciated its vision.
Vienna’s byrd, a global e-commerce fulfillment network providing online shops logistics solutions on Monday, announced the close of its Series B fundraise of €16 million, roughly $19M from Mouro Capital. The company had raised €5 million ($5.9 million) in Series A funding in July last year and with the close of Series B, its total amount raised has crossed €26 million ($30.7 million). Existing investors – Speedinvest, Verve Ventures, Rider Global and VentureFriends- participated in the funding round, the company said in a press release.
Speciale Invest, a deep-tech venture capital firm, invested $375K in Neverinstall’s seed round. To improve the platform, the money will be utilized to hire a world-class technical staff. Neverinstall is a startup developing a cloud platform for bringing any graphical user interface (GUI) program to the browser, independent of OS or device type. The startup intends to give free and open access to software programs without any fees or limitations imposed by the hardware of the user’s device.
CanBank Venture Capital Fund Ltd has invested an undisclosed sum in CoRover, a conversational AI startup. CoRover plans to use the funds to grow its business and invest in research and development to improve its AI-based platform. People from all around the world utilize CoRover. It claims to have the largest user base in India.
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By PeopleAtomCopenhagen-based Pleo, which offers smart payment cards for employees, attained unicorn status, raising $150 million in Series C funding at a $1.7 billion valuation from Bain Capital Ventures and Thrive Capital. Pleo said that this is the largest Series C investment raised by any Danish-headquartered company.
The US Department of Defense (DoD) has announced the cancellation of the ten-year JEDI contract with Microsoft. The move comes after US Federal Judge Patricia Campbell-Smith rejects the DoD and Microsoft’s motions to dismiss Amazon’s challenge of awarding the contract to Microsoft. Alongside the termination of JEDI, The Pentagon has announced a new JWCC contract, considering evolving cloud requirements
Magic Fund, a global collective of founders backing other founders, has raised $30 million in its second dedicated fund, Magic Fund II, to continue its mission of supporting early-stage startups across Africa, Europe, Latin America, and Southeast Asia.In an official announcement, Magic Fund stated that it would be writing checks between $100K and $300K in early-stage companies across different sectors and geographies and enunciated its aspirations and vision behind supporting them.
Tata Consultancy Services has released Jile 5.0, a SaaS-based solution. Jile 5.0 is available in two versions. The Standard edition and the Enterprise edition. Jile 5.0 gives organizations a unified picture of their portfolios and programs, allowing them to align execution with strategy better. This will help business stakeholders, and teams collaborate more effectively and reduce the time it takes to launch new software.
TravelPerk, a business trip booking website, has purchased the UK-based Click Travel. Click Travel oversees £300 million in business travel for its clients, which will help TravelPerk expand in the future. With the addition of Click Travel’s 2,000+ SME clients, TravelPerk’s UK and European business has been reinforced, increasing the total number of customers to little more than 5,000 after the acquisition.
Hubble, an online marketplace for flexible office space, has announced that it has raised €2.7 million (approx. USD 2.7 million) in a funding round led by Pi Labs. Other participants include JLL Spark and Starwood Capital.The new funds will help in launching Hubble’s new suite of solutions geared at facilitating hybrid working.
Toqio, a provider of SaaS global financial platform, has announced its raise of €8 million ($9.4 million) seed round funding led by Seaya Ventures and Speedinvest, with participation from SIX FinTech Ventures. The company would use the proceeds to scale its platform. Taking the announcement to its official LinkedIn and Twitter Handle, Toqio thanked the investors and enunciated its vision.
Vienna’s byrd, a global e-commerce fulfillment network providing online shops logistics solutions on Monday, announced the close of its Series B fundraise of €16 million, roughly $19M from Mouro Capital. The company had raised €5 million ($5.9 million) in Series A funding in July last year and with the close of Series B, its total amount raised has crossed €26 million ($30.7 million). Existing investors – Speedinvest, Verve Ventures, Rider Global and VentureFriends- participated in the funding round, the company said in a press release.
Speciale Invest, a deep-tech venture capital firm, invested $375K in Neverinstall’s seed round. To improve the platform, the money will be utilized to hire a world-class technical staff. Neverinstall is a startup developing a cloud platform for bringing any graphical user interface (GUI) program to the browser, independent of OS or device type. The startup intends to give free and open access to software programs without any fees or limitations imposed by the hardware of the user’s device.
CanBank Venture Capital Fund Ltd has invested an undisclosed sum in CoRover, a conversational AI startup. CoRover plans to use the funds to grow its business and invest in research and development to improve its AI-based platform. People from all around the world utilize CoRover. It claims to have the largest user base in India.