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Wefox grabs $400M at $4.5B valuation to buck the insurtech downturn trend

TechCrunch

Founded out of Berlin in 2015, Wefox sells various insurance products through a combination of in-house and external brokers, bypassing the direct-to-consumer model of insurtech competitors which include rival German startup Getsafe. This represents a 50% increase on last year’s $3 billion valuation at its Series C round.

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TravelPerk adds $115M to equity and debt Series D, discloses unicorn valuation

TechCrunch

In total, it has raised $409 million since being founded back in 2015. That said, it’s not clear how much of the $115 million tranche is equity versus debt — a spokeswoman for the startup declined to provide a break down or a clear answer when we asked, saying only: “This round is a mix of equity and debt funding.”

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Does Atlantic Canada have a blueprint for rural revival in the post-pandemic era?

TechCrunch

Can Bitcoin find its practical use case as a currency in Latin America? Stephen Harper, the country’s prime minister from 2006 to 2015, famously quipped that the region suffered from “ a culture of defeatism.” With every VC investment, the region’s network of startups builds the social capital that can enable the next round of funding.

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Wolt closes $530M round to continue expanding beyond restaurant delivery

TechCrunch

Compared to the $670 million in new capital that we’ve raised during this year, this puts us into a strong position for investing in our people, technology, and markets when thinking about the next few years ahead”. Former Atomico and SoftBank VC Carolina Brochado has joined EQT to help build its new growth fund.

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Stream raises $38M as its chat and activity feed APIs power communications for 1B users

TechCrunch

A lot of our communication these days with each other is digital, and today one of the companies enabling that — with APIs to build chat experiences into apps — is announcing a round of funding on the back of some very strong growth.

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Ghost Financial whips up new capital into finance tools for ghost kitchens

TechCrunch

So instead, Meyer, founder and CEO, created Ghost Financial to initially do two things: provide what he touts as “the first cash-back credit card for food and beverage inventory” and use data and technology to underwrite restaurant expansion loans and credit limits for the card. million pre-seed round to build engineering and marketing teams.

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Surging homegrown talent and VC spark Italy’s tech renaissance

TechCrunch

It has an estimated 67 VC funds, with 18 of them started since 2015. Startups using tech to foster remote work, education, healthcare are undoubtedly in the spotlight at the moment: the key question is which technologies and platforms can meet current priorities and remain relevant in the post-pandemic future.

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