Ranked sixth in the world by Start-Up Genome’s Start-Up Ecosystem Rankings in 2019, Israel has been recognized internationally as the start-up nation, punching above its weight for a country with a population of only 8 million. How does this tiny nation manage to be so creative?
Bengaluru-based online classifieds marketplace Quikr is looking to go public in 2021. The company has raised $352.8 Mn in funding from investors such as Tiger Global, Kinnevik, Warburg Pincus, Matrix Partners, Norwest Venture Partners, eBay, and NGP Capital.
NIKE has acquired Celect, a leading retail predictive analytics and demand sensing firm based in Boston. Celect is Nike’s latest acquisition, fueling its Consumer Direct Offense strategy, serving consumers personally at a global scale.
The trucking world has been inundated in recent years by startups all aiming to solve the big three problems with freight: safety, fuel costs and driver shortages. For Peloton Technology, a Silicon Valley company that launched in 2011, the answer doesn’t strip out the human driver.
Fueled by its $300 million Series D round led by Softbank last August, Getaround is making its second-ever acquisition this year with a $12 million purchase of Norwegian car rental startup Nabobil. This acquisition brings Getaround into seven European countries.
NEXT Trucking, a FreightTech pioneer that connects shippers and carriers, has struck an agreement to open an 18-acre drayage facility to ease congestion at the ports of Los Angeles and Long Beach, the two largest seaports in the US. Read more from Port Technology International.
Today, SecurityScorecard’s platform is the “gold standard” for security ratings used across 175 countries for cybersecurity insurance underwriting, M&A due diligence, reputation management, and vendor risk management.
GetYourGuide and Deliveroo both announced new funding today, with Deliveroo raising $575M led by Amazon and GetYourGuide $484M led by Softbank’s Vision Fund. NGP Capital first invested in both companies in 2015, both investments were made in NGP Capital’s Smart Mobility theme.
Traditionally in venture capital, funds do not invest in direct competitors. “There are tremendous synergies, but on the other hand there is significant risk of tremendous conflicts of interest,” said Paul Asel, Managing Partner at NGP Capital and a longtime mobility investor.
Winners will be provided with up to $175,000 in financial assistance and the opportunity to collaborate with experts from Nokia and Nokia Bell Labs to help grow their businesses and unleash new levels of productivity for the industrial and public sectors.