Speedinvest

Tulyp.io is revolutionizing digital trade finance for SMEs by providing services on par with large corporations.

The Paris-based company offers a holistic platform that digitizes and secures the entire trade finance process for SMEs.

With clients spanning three continents, Tulyp is leveling the playing field by allowing faster, more secure international trade, and eliminating financial counterparty risks in import-export transactions. Tulyp is also collaborating with a network of global financing partners to alleviate cash flow problems and accelerate import-export transactions.

Alexis Majos, Principal with our Fintech investment team says, "We are very excited to partner with Tulyp on their mission to digitize SME trade finance by addressing the trust deficit and financing inefficiencies in international transactions. There is a $500bn trade finance gap in the segment, and we believe that Maxime, Gilles, Eugene, and the Tulyp team are the pioneers that will tackle it at scale.”

We're excited to lead Tulyp's round alongside Kima Ventures, Purple Ventures, and prominent angel investors.

Maddyness has more on how the Tulyp team will use the funding to expand across Europe and Asia ⬇

https://www.maddyness.com/2024/05/16/fintech-tulyp-leve-15-million-deuros-pour-mieux-servir-les-pme/

Fintech : Tulyp lève 1,5 million d’euros pour mieux servir les PME Tulyp, la startup qui ambitionne de révolutionner les services de Trade Finance pour les PME, réalise un tour d’amorçage pour développer sa technologie et ses partenariats.

cylib secures €55M in Series A funding, the largest round ever raised by a European battery recycling company!

Just two years after our initial investment, founders Lilian Schwich, Paul Sabarny, Gideon Schwich, and team secured the historic funding as part of a first-of-its-kind consortium of investors across deep tech, automotive, and industry.

Led by the venture arm of Porsche AG, Porsche Ventures, and World Fund, Cylib — the only company on the market that offers clients a way to recover every component in lithium-ion batteries, EV or micro-mobility batteries with a recycling efficiency of > 90% — will use the funds to scale up operations at its already-secured industrial facility in Germany and grow its 60-person team.

Rick (Jingchun) Hao, Partner with our Deep Tech investment team, says: "Cylib is accelerating the transition to zero carbon emissions by recycling the used lithium-ion batteries and making new battery materials with lower carbon emissions. We believe that Cylib has the potential to unlock the supply of critical battery materials in Europe. We're looking forward to continuing to support Cylib in its growth journey."

Handelsblatt has more on Cylib’s future plans and the landmark Series A that included participation from Bosch Ventures, DTCF | DeepTech & Climate Fonds, NRW.BANK Ventures, Vsquared Ventures, 10x Founders, and leading business angels.

Industrie: Porsche und Bosch investieren in Batterie-Recycler Cylib Zu häufig verbrennen wertvolle Batterierohstoffe im Hochofen. Die Wiedergewinnung ist aufwendig, gefährlich und teuer. Das Start-up Cylib will das ändern – und konkurriert mit Konzernen wie BASF und VW.

hexafarms is leveraging AI to optimize greenhouses and power the future of food production 🌽

Some 10 to 30% of food produced annually is lost between seed and harvesting – hexafarms wants to change that. The Berlin-based startup founded by David Ahmed, Felix Kirschstein & Huijo Kim harvests data and uses AI to monitor, control, and optimize controlled environmental agriculture in real time.

The result? Customers halve energy and personnel costs and can predict crop yields 4 weeks ahead with up to 95% accuracy.

Andreas Schwarzenbrunner, Partner in our Climate Tech & Industrial Tech investment team, says: "The agricultural sector is in urgent need of innovative solutions to address the pressure from climate change on commercial food production process and food insecurity. We have strong confidence in hexafarms and cannot wait to see them further develop their AI and machine learning capabilities and expand their team of experts. We are convinced that their app will transform commercial food production through optimization and digitalization."

EU-Startups has more on the pre-Seed funding round led by Speedinvest with participation from Mudcake and Techstars.

Berlin-based agtech hexafarms secures €1.3 million pre-seed to empower commercial indoor farmers | EU-Startups hexafarms, a pioneer in agricultural tech leveraging AI to optimize greenhouses to power the future of food production, announced the successful close of

We’re thrilled to welcome our newest Partner, Rana Abdel Latif, to the Speedinvest team!

Based in Dubai, Rana is joining our Emerging Markets team to further strengthen our long-standing commitment to finding, funding, and supporting best-in-class early-stage startups in Latin America, Africa, the Middle East, and South & Southeast Asia.

Using her 15+ years of experience in VC and PE across Africa and the Middle East, Rana will also work closely with our current portfolio of more than 20 Emerging Markets companies from across our six sector-focused areas of investment, including Moove, Open, FairMoney, Yolda, and Abhi.

Our CEO & Managing Partner, Oliver Holle, says “Adding someone of Rana’s caliber to our team was a no-brainer and the perfect way for us to double-down on our already successful expansion into strategic emerging markets. Utilizing our pan-European experience, sector-focused know-how, and global network, we’ve had the honor over the past 5+ years to help multiple companies grow and scale more quickly and efficiently in their local markets and beyond – Moove’s recent 100M Series B led by Uber is just one example. With Rana on board and working side-by-side with Deepali, Enrique, Alvaro, Varun, and Stefan, I can’t wait to see what happens next.”

Neither can we!

Welcome to the family, Rana!

roclub is revolutionizing how medical devices are used, enabling diagnostic examination anytime, anywhere.

Starting with MRIs/CTs, the first-of-its-kind teleoperation platform enables remote scanning and support, and even makes it possible for providers to remotely access additional radiographer talent when needed.

The secure connectivity solution is tackling the global medical staff shortage, increasing medtech efficiency, and boosting access to care.

Andrea Zitna, Partner at Speedinvest: "André and Matthias are serial health entrepreneurs with deep experience in the medtech and specifically diagnostics imaging space. They intimately understand the pain points in the industry and their roclub solution is a testament to that. Not only can it dramatically improve access for patients, it represents a clear and compelling business case for providers. We are excited to support them in their vision and respond to an amazing demand from providers globally."

EU Startups has more on the funding round we led with participation from FJ Labs, Better Ventures, and strategic angels, and roclub’s plans to expand across Europe and the USA 👇

https://www.eu-startups.com/2024/04/berlin-based-roclub-secures-e4-million-to-overcome-shortage-of-medical-technical-workers-in-europe-and-the-us/

Berlin-based roclub secures €4 million to overcome shortage of medical technical workers in Europe and the US | EU-Startups roclub, a pioneer in teleoperations aiming to transform the global healthcare landscape, today announced the close of a €4 million seed funding round led

🌄 We’ll be at AustrianStartups SUMMIT 2024 - join us!

THE yearly event where Austria’s startup community meets will be held on 8th May 2024 @ Semper Depot.

What you can expect:
🔥 Speakers like Ali Mahlodji, Andreas Treichl, Katharina Unger, Karl Edlbauer, Eva Sommer, Harald Leitenmueller, Carina Roth, Henry Murray, Tina Deutsch, Markus Fuhrmann, Eva Arh, Werner Müller, Maggie Childs, Daniel Cronin, Hanno Lippitsch, Nermina Mumic, Daniel Albertini, Marilena Koumartzaki, Oliver Holle, Christian Trummer, Werner Müller, Kristina Velickovic, Florian Slezak, Markus Raunig, Hannah Wundsam and more!

🎡 Startup Fair where you can explore innovations and companies

🎤 Pitch event brought to you by startupworldcup-austria.com

👥 1on1s with investors in our investor's lounge

👩‍🏫 Masterclasses hosted by Microsoft & Canva

🥳 (Guided) networking & aftershow Party

👉 Get your ticket here:

https://austrianstartups.com/networks/events/130436

Want to win over clients and follow-on investors? You need a solid comms strategy. Here’s the full guide👇

With over 300 portfolio companies across six sectors, we know first-hand that comms can sometimes be an afterthought for busy founders.

We partnered with communications experts across the industry to give you the secret ingredients to a winning comms strategy from day one. Find out how to:

🔥 Write a press release that gets journalists’ attention (Tom Lawrence, founder of MVPR)
🚀Secure top media coverage (Martin SFP Bryant, PreSeedNow)
👏Nail your press interviews (Patricia Allen, ex-EU Startups)
🎨Build a brand from the very beginning (Saskia Ketz, Mojomox)
😬Prepare for and communicate in a crisis (Michael H***e, Kekst CNC)

Get the key takeaways and watch all the videos here 👇

https://www.speedinvest.com/blog/communications-strategy-for-startups

MiLaboratories launches Platforma Bio: an AI-powered, UI-First platform to revolutionize biological analysis!

Biology researchers can spend hours each day on computational analysis. Spain and San Francisco-based company MiLaboratories is determined to streamline and simplify the data analysis process.

With industry-leading partners like Illumina, Biogen and Bristol Myers Squibb, the company is now launching Platforma Bio, a new computational biology platform that uses AI large language models to transform complex processes into manageable, easy-to-combine blocks – helping make groundbreaking discoveries more quickly.

Andrea Zitna, Partner in our Health & Techbio team, says: "Platforma.bio is the natural evolution from MiXCR - the gold standard in immunology & genetics research. We’re excited to see it launch and founders Alexey Nechaev, Dmitriy Bolotin, Dmitriy Chudakov and Stanislav Poslavsky bring their computational bio tools to an even bigger audience.

Businesswire has more about the platform and its exciting features ⬇️

https://www.techtimes.com/articles/302836/20240321/platforma-bio-is-the-new-platform-changing-how-biological-analysis-is-done.htm

Platforma.bio Is the New Platform Changing How Biological Analysis Is Done Anyone in the industry can tell you that there are multiple standards for computation, and any literature review will encounter dozens of different computational platforms and strategies. MiLaboratories sees all this lost time and these confusing complexities as a problem to be solved, and its solut...

Moove secures $100M in Series B funding led by Uber to become the leading partner in global mobility 🚀

The Nigerian-born, Dubai-headquartered startup is democratizing access to vehicle financing, using proprietary performance and revenue analytics to underwrite customers that have previously been excluded from financial services. To date, Moove has helped more than 20,000 mobility entrepreneurs complete more than 30 million financed trips.

With the new funding and strategic partnership with Uber, founders Ladi Delano and Jide Odunsi aim to expand to 16 markets and add 45,000 new vehicles to Uber’s platform by April 2026, with a focus on EVs – underscoring Moove and Uber’s commitment to achieving a zero-emission future.

Investors since 2021, our Stefan Klestil will continue his role on the advisory board as Moove executes its growth plans alongside Uber and existing co-investors Mubadala, with additional funding from The Latest Ventures, AfricInvest Group, Palm Drive Capital, Triatlum Advisors AG, and Future Africa

TechCrunch has more👇

Uber leads $100M investment in African mobility fintech Moove as valuation hits $750M | TechCrunch Uber and sovereign wealth fund Mubadala have invested $100 million in Moove, an African startup that offers vehicle financing to drivers.

Lapse closes a $30M Series A co-led by Greylock and DST Global to take its authentic social media app to the next level.

The London-headquartered company is a friends-focused photo-sharing app inspired by the experience of disposable cameras, encouraging users to capture and share authentic, unedited photos with friends, not just random social media followers.

The raise comes in the middle of a period of exponential growth for the company – Lapse now captures 100 million photos per month, and even reached #1 in the US and UK app stores in 2023.

Jeroen Arts, Partner with our Marketplaces & Consumer team, said, “Lapse is revolutionizing the way we connect. Ben and Dan Silvertown are amazingly talented and product-led founders who have built a brand that truly stands out from the pack in terms of vision, quality, and user-centricity. It’s a privilege to continue supporting them in their Series A and beyond!”

Greylock (an early investor in Facebook, Instagram, LinkedIn, Musical.ly/now TikTok, Roblox, and Discord) and DST Global (Facebook, Byte Dance, Spotify) were also joined by existing investors GV (Google Ventures) and Octopus Ventures, as well as angel investors from Facebook, Snap Inc., and Pinterest.

TechCrunch has more👇

https://techcrunch.com/2024/02/27/lapse-the-app-turning-your-phone-into-an-old-school-camera-snaps-up-30m/

Lapse, the app turning your phone into an old-school camera, snaps up $30M | TechCrunch It can cost a fortune in 2024 to find an analogue camera, buy film (and maybe special batteries) for it, and take pictures that then need to be paid to be

Inkitt, a self-publishing platform using AI to develop bestsellers, raises a $37M Series C led by Khosla Ventures.

The Berlin founded and San Francisco-based platform uses AI and data science to select and optimize the most compelling stories written by users and distribute them on their app, Galatea.

Inkitt has attracted 33 million users, doubled its revenues in the last year alone, and published dozens of bestsellers. Founder Ali Albazaz aims to use the new funding to expand Inkitt’s content library: think AI to write stories based on your original ideas and hyper-personalized stories for readers, as well as launching more video content, games, and audiobooks.

We’re excited to continue our support of Inkitt in their Series C, which was led by Vinod Khosla, co-founder of Sun Microsystems and founder of Khosla Ventures, alongside existing investors, including NEA and Kleiner Perkins.

TechCrunch has more 👇

https://techcrunch.com/2024/02/26/inkitt-ai-publishing-37-million/?guccounter=1

Thank you to everyone who joined our NYC Marketplace Meetup at the NY Stock Exchange!

In partnership with our friends at FJ Labs, we welcomed 70+ marketplace founders, investors, and leaders from across the Big Apple for an afternoon of networking and best practice sharing on AI in marketplaces.

We were also on hand for the ringing of the NYSE bell, and Speedinvest even got a shoutout on their iconic Times Square billboard!

A huge thank you to our speakers Randi Zuckerberg (HUG and Zuckerberg Media), Fabrice Grinda (FJ Labs) and Alexandra Cavoulacos (HUG), plus Mathias Ockenfels, Jeroen Arts and Katharine Spooner of our Marketplaces & Consumer team for sharing their in-depth knowledge and insights.

Want to join us next time? We’re back in Berlin for our next marketplace meetup on February 29th. Spots are filling up fast so apply asap!

https://www.marketplaceconf.com/meetups/berlin-meetup-2024/hub-berlin

9amHealth raises $9.5M Series A extension to expand access to its one-of-a-kind cardiometabolic care.

9amHealth is the leading virtual cardiometabolic care provider for people living with diabetes, obesity, high cholesterol, and hypertension, offering personalized care plans, prescription delivery, at-home lab tests and unlimited specialist access.

To date, 9amHealth has seen an ROI of up to 4x and up to $284 monthly gross savings per member per month. Now, founders Frank Westermann and Anton Kittelberger (ex-mySugr) are further scaling the solutions and expanding their internal team of care specialists, doctors, medical advisors.

DerBrutkasten has more about the financing round led by The Cigna Group Ventures, with additional support from 7wireVentures, Define Ventures, Leaps by Bayer, and Founders Fund (article in German)👇

https://brutkasten.com/artikel/9am-health-cigna-investment

9am.health: Startup des mySugr-Gründers holt weitere 9,5 Mio. US-Dollar | brutkasten Das HealthTech-Startup 9am.health rund um Frank Westermann und Anton Kittelberger "erweitert seine Series A-Finanzierungsrunde".

Just 10 days until our CEO & Managing Partner Oliver Holle is at Founder’s Circle in Factory, Berlin!

Don't miss...

👉A panel on accelerating your early-stage startup.
👉Office Hours with the panelists & free legal Office Hours with Osborne Clarke.
👉Networking with 100 founders.

Sign up here👇

http://tinyurl.com/3r2r9hzw

We’re excited to announce that Randi Zuckerberg will be a panelist at our NYC Marketplace Meetup!

The former Director of Market Development and Spokesperson for Facebook has more than two decades of experience across the tech sector as a founder, investor, and board member. She is currently the CEO of Zuckerberg Media as well as CEO and founder of HUG, an inclusive social marketplace democratizing access to the arts while empowering independent artists to become creative entrepreneurs.

Randi will join Jeroen Arts of our Marketplaces and Consumer team and Alex Cavoucalous, COO and Head of Product at HUG, to discuss the role of AI in art marketplaces.

Want to join us? We’re inviting founders, investors, and other marketplace insiders to join us for exciting discussions about AI in marketplace dynamics, plus networking and best practice sharing in the New York Stock Exchange on Tuesday, February 20th.

Spaces are limited, so sign up quickly!

https://www.marketplaceconf.com/meetups/new-york-city-2024/hub-nyc

Kema is automating cash flow for B2B SMEs in MENA and slashing accounts receivables process costs by 50%!

The UAE Fintech platform digitizes, automates, and streamlines the invoice-to-cash process. Thanks to its no-code plug-in, Kema syncs with leading accounting software, such as Xero and Quickbooks, within minutes.

Since the private beta version rolled out in Q2 of 2023, Kema has facilitated more than AED 16.5M (USD $4.5m) in invoices.
We’re excited to lead the pre-seed round, with participation from Dubai Foundation District Fund.

XYZ has more on the new funding and Kema’s plans to scale its solution across the UAE 👇

https://www.wamda.com/2024/02/uae-fintech-kema-raises-2-million-pre-seed

UAE fintech Kema raises $2 million pre-Seed UAE-based fintech Kema has raised a $2 million pre-Seed round, led by Speedinvest with participation from the Dubai Future District Fund...

17 of our portfolio companies are on trend.at’s list of the top 100 Austrian startups – 7 are in the top 10 🎉

Refurbed, a marketplace for refurbished and upgraded electronics co-founded by Peter Windischhofer
Kilian Kaminski, and Jürgen Riedl, secured the #1 position this year after raising a $57 million Series C in late 2023.

Bitpanda( #2), byrd ( #4), Adverity ( #5), GoStudent ( #6) Prewave ( #7), and Bitmovin ( #10) also made the top 10!

And Credi2, 9am.health, Crate.io, Ubiq, Hi.Health, MedicusAI, MyClubs, PlanQC, BikeMap, and Storyclash feature in the top 100.

A huge congratulations to all of the founders and teams on the well-deserved recognition and continued success!

You can access the full list here (subscription required) 👇

https://www.trend.at/unternehmen/tren_2402_teaser-1

Greyparrot and Bollegraaf are combining forces to accelerate the digitization of the recycling sector using AI!

The strategic partnership between the London-based AI-powered waste management company and the world’s largest builder of recycling facilities includes a $12.8M investment – both a cash investment (non-controlling stake) and the transfer of Bollegraaf’s AI vision business and team to Greyparrot.

The two companies will now work together to retrofit thousands of Materials Recovery Facilities and Plastics Recovery Facilities with advanced AI capabilities and develop new “smart” plants.

CEO Mikela Druckmann shares more on the partnership and future plans in TechCrunch 👇

UK AI startup Greyparrot bags strategic tie-up with recycling giant Bollegraaf | TechCrunch In another sign of the scramble to accelerate the uptake and transformative potential of artificial intelligence, Dutch recycling giant Bollegraaf Group Dutch recycling giant Bollegraaf Group is making a strategic investment in UK AI startup Greyparrot, which uses computer vision for waste analytics...

Tuum is helping banks replace legacy core systems, freeing up time and money while enabling innovation.

With an average go-live time of just 7 months, the Estonian company’s cloud-native platform allows banks to operate multiple business lines from a single system, including accounts, lending, payments, and cards.

Tuum has seen a compound annual growth rate of more than 250% and won over customers in 10 countries, with a pronounced presence in the UK and Nordics.

On our blog, Tom Filip Lesche, Partner in our Fintech team, and Wissam Nasreddine of our SaaS & Infra team share why we’re excited to back CEO Myles Bertrand and founders Rivo Uibo, Ove Kreison, Jan Lakspere, and Jüri Kirme alongside our friends at CommerzVentures as they continue to position themselves as a leader in cloud banking 👇

www.speedinvest.com/blog/core-banking-software

MinersAI is leveraging data and AI to help mining companies accelerate the transition away from fossil fuels.

Brussels-based geological data provider MinersAI is leveraging data and AI to help the mineral exploration industry access the data needed to sustainably accelerate the discovery and development of lithium, nickel, graphite, copper, and other rare earth metals – all crucial mineral resources we need to transition away from fossil fuels.

As part of their first product, MinersAI is collaborating with exploration companies to help them better access public data, exchange private data, and leverage AI to optimize their processes.

Andreas Schwarzenbrunner, Partner in our Climate Tech & Industrial Tech team, says: “There is no energy transition without critical minerals. That is why we are incredibly excited to lead MinersAI’s pre-Seed round and support Thomas-Louis de Lophem and Mason Dykstra as they use AI and data to explore even more mineral resources needed to help Europe achieve its carbon neutral goals.”

Find out more about MinersAI’s product and mission on their website 👇

https://www.minersai.com/

We’re thrilled to announce the oversubscribed final close of Speedinvest 4 at €350M - €50M above target!

The €350M fund dedicated to new early-stage investments combined with €250M raised in 2022 for selective follow-on co-investments in our portfolio companies brings the total raised for our 2022 funds to €600M.

And we’re already putting Si4 to work!

Since the first close in December of 2022, our sector-focused investment teams have partnered with 40+ new companies across Europe, including Finres (France, Fintech), Surfboard (UK, SaaS & Infra), Fertifa (UK, Health & TechBio), Cylib (Germany, Deep Tech), NeoCarbon (Germany, Climate Tech & Industrial Tech), and Fairlyne (France, Marketplaces & Consumer).

Our CEO and Managing Partner Oliver Holle, said: “Now more than ever, Speedinvest remains committed to its sole mission: helping companies build their category-defining business in the early days – when it matters the most. This incremental capital gives us even more firepower to support our courageous, innovative entrepreneurs in their journey to global success.”

A very big thank you and warm welcome to the new LPs who joined the Si4 final close, including Aviva, PwC Germany, Bitburger, ODDO BHF, and Abeille Assurances Ventures.

Learn more about Si4, our new LPs, and our mission moving forward, in the links in the comments below 👇

https://www.speedinvest.com/blog/speedinvest-closes-oversubscribed-fourth-flagship-fund-at-eu350-million-eu50-million-above-target

Every tech sector is different. What’s in store for yours in 2024? We asked our in-house experts…

The meteoric rise of AI, quantum leaps in quantum, and the overall lack of follow-on funding in nearly every sector – 2023 was filled with exciting new opportunities and ongoing challenges.

What does 2024 hold? We asked partners from all six of our sector-focused investment teams to weigh in.

Andrea Zitna (Health & TechBio), Rick (Jingchun) Hao (Deep Tech), Andreas Schwarzenbrunner (Climate Tech & Industrial Tech), Markus Lang (SaaS & Infra), Mathias Ockenfels (Marketplaces & Consumer), and Olga Shikhantsova (Fintech) share their sector-specific predictions and the trends you need to know on our blog.

Watch the full video now👇

Sector-focused Predictions in 2024 for Founders From Early-Stage Investors Our Speedinvest investors share their exclusive insights on what tech founders need to know to succeed in Deep Tech, Fintech, Health & TechBio, Climate Tech & Industrial Tech, Marketplaces, & Consumer and SaaS & Infra in 2024.

Kraken and Kwest are joining forces to speed up the energy transition on a global scale!

Kwest’s software platform helps energy installation businesses streamline and automate manual processes like installing heat pumps and smart meters, saving significant time and money.

The deep-tech platform founded by Robin Dechant, Marco Holst, and Constantin Ehrensberger underpins the entire energy value chain - from generation to billing - allowing for in-depth analytics and real time monitoring of energy devices.

Now, Kwest has been acquired by Kraken and will become part of the Octopus Group. Read the full story in tech.eu 👇

https://tech.eu/2024/01/23/octopus-energy-s-tech-arm-kraken-acquires-berlin-startup-kwest/

Octopus Energy's tech arm, Kraken, acquires Berlin startup Kwest Adding Kwest’s workflow platform to Kraken’s tech stack will unlock smoother installations of clean technologies.

Kittl raises a $36M Series B round to further reimagine the way graphic designers create.

The Berlin-based AI-powered design platform offers simple, intuitive tools anyone can use to create logos, social media posts, t-shirts, and more.

In the last year alone, Kittl founders Nicolas Heymann and Tobias Saul launched the first text-to-graphic generative AI model for graphic design and several other AI features.

Julian Blessin, Partner in our Marketplaces & Consumer team, says: “Kittl is truly redefining graphic design, helping users create 10 times faster, with a host of AI features to assist the design process. I'm especially impressed by the growing team and the exciting collaboration features that are about to be released."

Now, with more than 1 million designers in its community and fresh funding led by IVP, Kittl is expanding. TechCrunch has more 👇

https://techcrunch.com/2024/01/23/kittl-raises-another-36-million-for-its-browser-based-design-tool/

Kittl raises another $36 million for its browser-based design tool | TechCrunch raised $36 million in a Series B round led by IVP. The startup has been working on a graphic design tool that you can use in your browser.

Marketplace founders in New York - join our exclusive meetup in the Big Apple!

For the first time, Jeroen Arts, Katharine Spooner, Mathias Ockenfels and Maximilian Wilhelm of our Marketplaces & Consumer team are heading stateside to connect with founders, investors, and leaders from across the marketplace community.

Join us for a discussion on how AI is revolutionizing market dynamics – featuring FJ Labs and Redpoint Ventures – plus networking and best practice sharing in the New York Stock Exchange offices on Tuesday, February 20th..

Want to attend? Spaces are very limited, so please sign up before February 1st and we’ll be in touch with further info.

https://www.marketplaceconf.com/meetups/new-york-city-2024/hub-nyc

Flowdesk raises $50M to further expand its liquidity solutions for token issuers and institutions.

The Paris-based full service digital asset trading technology firm’s Market Making as a Service (MMaaS) infrastructure enables crypto projects, exchanges, and institutions worldwide to manage their own liquidity.

Since its foundation in 2020, Flowdesk has seen exceptional revenue growth, become an approved liquidity provider for the Grayscale ETF, and obtained a Digital Asset Service Provider registration in France.

Tom Filip Lesche, Partner in our Fintech team, says: “Flowdesk’s highly innovative SaaS model is truly the emerging industry standard in crypto market-making. Such commercial and financial traction in a challenging crypto market environment is simply phenomenal! We are very pleased to double down and renew our support of Guilhem Chaumont, Paul BUGNOT, Francois CLUZEAU, and the entire Flowdesk team.”

The Block has more on the Series B round led by Cathay Innovation with participation from Cathay Ledger Fund, Eurazeo, ISAI, Bpifrance and Ripple👇

https://www.theblock.co/post/273305/flowdesk-series-b-funding-valuation

Flowdesk reaches $250 million valuation with Series B round French crypto market maker Flowdesk has raised $50 million in a Series B funding round amid its growing business and revenue.