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European Journey-Hailing Startup Raises $713 Million
Bolt, a European ride-hailing startup, raised $713 million in enterprise funding, giving it a $4.75 billion valuation. It was valued at roughly $2 billion in March. Sequoia, Tekne, and Ghisallo led the spherical, which additionally included participation from present buyers G Squared (GSQD), D1 Capital, and Naya.
Bolt desires to make use of the proceeds to increase into the net grocery-delivery market. It already delivers meals for eating places and is making an enormous push into supply for grocery shops, promising to get meals to clients in quarter-hour. Bolt is aiming to enter 10 European international locations this 12 months. However to change into a frontrunner within the super-competitive European market, Bolt expects to want much more capital over the approaching years.
Digital Occasions Startup Raises $450 Million
Hopin, a digital occasions startup, raised $450 million in enterprise funding led by Enviornment Holding and Altimeter Capital. The most recent funding spherical offers the startup a valuation of $7.75 billion, making it one of the vital beneficial tech startups in Europe. Hopin was valued at $5.65 billion in March.
Hopin’s platform permits firms to host on-line occasions with as many as 100,000 individuals. It has greater than 100,000 clients and 17 million registered customers. Proceeds will likely be utilized in half to arrange the corporate for a hybrid world by which occasions are held on-line and offline concurrently. The startup can also be eyeing an IPO in two to 4 years.
Digital Retirement Platform for Small Companies Raises $200 Million
Human Curiosity, a startup which operates a digital retirement platform, raised $200 million in enterprise funding, propelling it to unicorn standing. The funding spherical, which provides Human Curiosity a $1 billion valuation, was led by TPG’s The Rise Fund and SoftBank’s Imaginative and prescient Fund 2. (SoftBank can also be an investor in SoFi.) The financing additionally included new and present buyers. Thus far this 12 months Human Curiosity has raised $305 million.
The startup’s platform permits small companies to launch a retirement plan in minutes. Demand for its providers is surging with Human Curiosity tripling gross sales in 2020. The funding will likely be used to increase its integrations and partnerships with monetary advisers, brokers, and payroll corporations.
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