G.News 🗞|Your weekly dose of Tech #7
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1 | Defacto raises €15M to develop their finance business
🏦 FinTech - Startup / VC
💡This capital increase will be used to accelerate the company's construction, infrastructure reinforcement and international expansion.
💰Operations led by Northzone with participation from existing investors Headline and Global Founders, as well as business angels from tech companies. Defacto has also extended their financing capacity by €25M with a debt fund, Viola Credit. They now have €400M annually.
Defacto is a finance platform that provides easy access to loans and credit to SMEs thanks to their API-based product that enables third parties (marketplaces, e-commerce platforms, fintechs, etc) to embed lending products directly into their own products and platforms.
2 | $100M in series B for nfinite to continue development of 3D product visualisation
💻 Saas - Startup / VC
💡To scale nfinite’s sales and marketing teams and to become the new standard of e-commerce in the US, Europe and Asia
💰Operations led by Insight Partners with the support of existing investor US Venture Partners
Nfinite is a platform that allows retailers to create and display 3D product visuals through CGI technology so customers could have a better understanding of the product and favor online shopping.
3 | Coinhouse raises €40M to become the first private crypto-bank in Europe
🪙 Fintech / Crypto - Startup / VC
💡To become a crypto-bank (expanding into crypto-asset management and cryptocurrency payments), to expand internationally and to study external growth opportunities.
💰€40M raised from Oddo BHV, True Global Ventures, Raise Ventures, Tioga Capital, XAnge Siparex Innovation, CF Partners, ConsenSys, Expon Capital, etc.
Coinhouse is a platform offering individuals, companies and institutions the possibility to acquire and secure their digital assets as well as to subscribe to savings and investment products.
4 | Ledger and Cathay Innovation launch a €100 million fund dedicated to Web3
🚀 Web3 - VC
💡To back Seed to Series A startups focused on crypto, blockchain, DeFi, security, infrastructure, digital ownership technologies, protocols, etc.
💰Backed by Bpifrance, the fund plans to make 20 to 25 investments with tickets ranging from $550K to $4.3M.
Cathay Innovation is a VC firm, affiliated to Cathay Capital, and one of Ledger’s existing investors. Ledger designs and markets physical cryptocurrency wallets for individuals and businesses. The new fund wants to onboard the next billion users on Web3.
5 | Qubit Pharmaceuticals raises €16.1M to accelerate the discovery of new drugs thanks to quantum physics
🧬 Deeptech - Startup / VC
💡This fundraised aimed at strengthening software platform Atlas and their teams and building a portfolio of 10 drug candidates in the fields of oncology and inflammatory diseases.
💰Operation led by XAnge, Omnes, Quantonation and Octabe Klaba (OVHcloud founder)
Qubit Pharmaceuticals has developed novel drug candidates and innovative mode of action against challenging targets by using advanced simulation software and AI-enhanced medicinal chemistry.
See you next week 👋
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