Monedo, once the largest German startup in the fintech industry backed by the likes of billionaire Peter Thiel and media giant Naspers, has filed for bankruptcy after the impact of the pandemic took its toll on the company. Dr Christoph Morgen, a lawyer at the firm Brinkmann & Partner in Hamburg, told Sifted that the […]

Once upon a time there was sufficient trust that an investor’s word (or indeed, their term sheet) was enough to believe that they were committed to pursuing an investment. Lockdown has seen that trust undermined as the 12-year VC bull run nose-dived. Some term sheets were renegotiated by VCs opportunistically looking to get a better […]

Consumer apps and insurtechs have dominated fintech investment in recent months Europe’s fintech startups have continued raising vast amounts of capital over the lockdown period, attracting around €2.86bn ($3.4bn) in investment between March and mid-August, according to Dealroom data. Despite a brief funding blip in March, the second quarter of 2020 saw fintechs rake in €1.7bn; only […]

Back To School: Edtech VC Funding Reaches $4.1B So Far This Year Sophia Kunthara August 17, 2020 Edtech startup Enuma began raising its Series B round in the fall of 2019 and had its initial close in February 2020. Subscribe to the Crunchbase Daily But it was when Enuma’s CEO, Sooinn Lee, traveled to Asia earlier this year to meet […]

TechHub, an office space which for a decade was home to hundreds of startups at the heart of London’s ‘Silicon Roundabout’ tech scene, this week filed for administration, citing the impact of Covid-19. The cofounder Elizabeth Varley told the Financial Times that the pandemic had resulted in revenue dropping by 75%. While a sad end to a […]

Hiring is almost always a serious expenditure for startups, particularly at a senior level where salaries can be eye-wateringly steep. But if the Covid pandemic lays waste to many once-promising businesses, will we see an abundance of C-suite talent available for hire at rock-bottom prices? A recent report from Beauhurst found that over 600,000 startup and scaleup […]

A new peer review article came out earlier this week. It demonstrated, in a 50-year longitudinal study assessing 350,000 companies, that white people are detrimental to businesses’ bottom line. It concluded that with fewer white people, companies could increase their profitability by at least 25%. VCs and investors — rational business people that you are […]

Almost half (49%) of European startups have turned to banks for government-backed loans in recent months, while 43% have frozen hiring, according to a recent survey carried out by LocalGlobe and Dealroom. The survey also found that 40% of European companies expect to see revenues down at least 25% in 2020, compared to previous targets. […]

Lockdown is beginning to end, but changes in how we do business have only just begun. One country that might be able to shed some light on the upcoming unknown is  Germany – having had their ‘Super Saturday’ back in April. Germany has already tackled the next economic phase that small businesses (SMEs) in the UK […]

COVID-19 is pushing companies to accelerate their innovations in a matter of weeks rather than years, such as accepting mobile payments or giving their brick-and-mortar store an online presence. Subscribe to the Crunchbase Daily The financial services industry is one of the bright spots in an otherwise gloomy environment of record unemployment and layoffs at companies […]