Into the new year of cryptocurrencies – December 25

 

Hi there, dear reader. The team of Ventures Insider wishes you happy holidays and hope that the new year will bring us more news from Ventures world, that we will be happy to share with you. So stay with us to receive fresh industry insights and more on EU tech world. 

– Artem and Alexander

 

Industry news

Goldman Sachs is reportedly gearing up to dive into the market for digital currencies. Bloomberg News reported Thursday that the investment bank was preparing a cryptocurrency trading desk to trade digital currencies like bitcoin.

 

In the face of obstacles, Ukraine’s startup ecosystem is finally seizing its moment. Tech.eu takes a look at Seedstars CEE Summit in Kyiv to take the pulse of the Ukrainian startup scene and the broader Central and Eastern European tech space.

 

Some analytics on Seed and Series deals from PitchBook. According to the report, deal count in the US is indeed dropping, while seed and Series A deal sizes, conversely, are increasing rapidly. More on it here.

 


Latest Invest Rounds

Redline Capital Management has invested $15 million in Israeli AI analytics company Anodot over a Series B round with participation from Aleph Venture Capital and Disruptive Technologies Venture Capital. Anodot’s AI analytics products are used by brands to monitor their business intelligence data to identify possible “revenue leak or brand-damaging” incidents.

 

Allianz X, a Germany-based venture unit of the Allianz Group, with participation of Kinnevi has secured a $107 million round for Bima, a Sweden-based micro-insurance provider for emerging markets. Bima technology delivers convenient and affordable insurance and health products to customers who cannot access them through traditional channels.

 

Fortino Capital has invested the first $24 million from its new Digital Growth Fund in fast growing cloud software pioneer MobileXpense. The Brussels-based company is specialised in travel and expense management and already completed more than 1.300 implementations worldwide.

 

Global Founders Capital, with participation from MMC VenturesPaua Ventures and earlier investors Salesforce VenturesRuna CapitalRRE VenturesLumia CapitalCompound and Lerer Hippeau Ventures has invested $14.75 million in DigitalGenius, a four-year-old, London-based AI-based customer service startup.

 

London-based Connect Ventures, with participation from Rooks Nest Ventures, Westminster Capital has closed a $3.2 million round of financing for Fiit, a nine-month-old, London-based fitness startup that provides users real-time performance feedback and live leaderboards that let them challenge friends anywhere in the world.

 


Newcomers

Berlin-based VC Fly Ventures has closed a $41 million fund that uses AI and machine learning to find young startups to invest in. The fund is led by Stephan Seyboth, Gabriel Matuschka, and Fredrik Bergenlid, who all have experience in other VC firms or major tech companies like Google. Backers of the fund include Korelya Capital, the European Investment Fund, and a number of family offices in Europe and the US.

 

Inventure, a Helsinki, Finland-based investment company, announced reaching to $130 million for Inventure Fund III, a newly raised investment fund dedicated to early-stage technology companies. The money comes from institutional investors, including European Investment Fund (EIF), Elo, Finnish Industry Investment (Tesi), Ilmarinen, Nordea Life Finland and other institutional and private investors.

 

 

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