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Amsterdam-based sleep tech startup Shleep raises €1.4 million for its B2B platform to help employees get enough rest

As we mentioned not too long ago, it’s crucial for startups that their founders (and employees) get enough sleep.

Almost two-thirds of adults are not getting enough sleep, and need to catch up on the weekends. As a result, they suffer from fatigue and diminished productivity, costing US companies alone $411 billion per year. Employees are working longer hours and experiencing more work-related stress, and only 13% of employees worldwide feel engaged, according to a 2013 Gallup poll.

In fact, research shows that getting enough sleep is the number 1 issue employees want help with when it comes to their physical health, and 40% of employees would ask for sleep support from their employers – and for millennials, that figure is even higher, at 50%.

Amsterdam-based Shleep has developed a B2B sleep coaching platform, which is already being used by high profile clients including The Huffington Post, Deloitte, and Spotify to help their employees get enough rest. So far, Shleep’s clients are reporting great results: up to a 50% reduction in sleep debt, and up to 25% increases in productivity.

Today, the startup announced that it has attracted €1.4 million from VCs including Global Founders Capital and Health Innovations. Shleep will invest the proceeds to further develop its neuroscience-based platform to improve employee productivity, health, and engagement.

Shleep is the first science-based sleep coaching platform for companies, founded by Dr. Els van der Helm and Jöran Albers, along with their team of sleep PhDs, health experts and software engineers. Dr. van der Helm was named by Arianna Huffington as one of the five most influential people in the field of sleep, and top 20 in well-being. Driven by the latest neuroscience research and the founders’ business expertise, Shleep supports employees, teams and leaders in changing their behaviour and habits around sleep to avoid burnout and increase employee productivity, health, and engagement.

“More businesses are starting to realize that people have higher expectations from their employer than ever before,” said Professor Nick van Dam from IE Business School. “They care less about their salary but more about a positive environment, doing meaningful work and feeling supported by the company to prioritize their own health and well-being.”

“I was very impressed by the team and their track record, and I’m very excited to get onboard and support the Shleep team as it works on tackling this ever-increasing issue of sleep management,” added Gerald Parloiu, Partner at Global Founders Capital.

“With so many people disengaged and unproductive at work, we believe that we need to fix one of the root causes,” said CEO Dr. van der Helm. “Research now shows sleep is a critical driver for your burnout risk, your ability to come up with new insights or ideas, to manage your own emotions and recognize emotions in others, and even your ability to trust others and behave ethically.” 

London-based SpotQA raises €2.9 million and launches its flagship product Virtuoso to reduce the cost of software testing by 80%

London-based automated software testing startup SpotQA is today launching its flagship product, Virtuoso, which tests web and mobile web apps to identify bugs, inconsistencies and errors, and in a fraction of the time traditional manual and automated testing takes.

Using intelligent automation powered by machine learning and robotic process automation, SpotQA claims that Virtuoso increases the speed of testing by up to 25x, bringing down the costs of QA by 80-90%.

In tandem with its product launch, SpotQA has secured a €2.9 million round of seed funding led by Crane with participation from Forward Ventures, Downing Ventures and Acequia Capital.

The first “Intelligent Quality Assistance Platform”, Virtuoso’s easy to use interface enables even non-technical personnel to automate functional, UI, and compatibility testing across web and mobile web apps faster and more effectively than even experienced QA engineers. Its highly automated, efficient testing can be used across the entire software development life cycle from specification all the way to production.

“Traditional automated testing can not keep up with customers’ demand for high quality experiences across platforms 24/7,” said Adil Mohammed, SpotQA co-founder and CEO. “So we took a different approach to solve the problem. Virtuoso combines Robotic Process Automation (RPA) and Machine Learning (ML) to achieve significant performance gains well above the capability of traditional automated testing systems. This product will change the way modern software delivery teams test across the entire Software Development Life Cycle (SDLC).”

Traditional software testing is slow, expensive, complex, and is typically siloed. Manual testing, and even existing methods of automation, have not kept pace with modern approaches to software development and devops (e.g. continuous integration/continuous development [CI/CD]).

In contrast, Virtuoso’s platform offers a suite of capabilities that makes software testing smarter, continuous, faster and accessible for web and mobile web applications. Using Virtuoso, any company doing a lot of development – from large enterprises to e-commerce – can easily test the quality and reliability of web applications and brand consistency across their web properties.

Experian, The Chemistry Group, Optionis and DXC Technologies are already using Virtuoso for functional, UI, compatibility, and integration testing.

“Virtuoso was easy to set up for our automated testing needs and was up and running immediately,” said Tomos Walters, CTO at The Chemistry Group. “The efficiency and savings it has brought has allowed us to test faster, with less resources and allowed us to focus our engineering resources on development rather than testing.”

“Our goal at Crane was to back stellar founding teams, looking to revolutionize large addressable markets with product and technology that at its core, leverages data, automation and machine intelligence – the three pillars of the transformation of the enterprise environment as we see it,” said Krishna Visvanathan, co-founder and partner at Crane Venture Partners. “SpotQA embodies this – deploying technology to upscale what skilled human software testers can achieve and delivering huge efficiency gains to a multi-billion dollar market which has long been neglected. We are thrilled to support this company as they grow and expand.”

Black Mirror: 10 technologies we never want to see in real life

Black Mirror, the dystopian science fiction series first made in Britain and subsequently acquired by Netflix with a bid of $40 million, recently released three new episodes for its fifth season in June 2019.

The series, which premiered in 2011, rapidly rose to TV cult status and has been praised by critics and viewers alike for its thought-provoking narrative, its punchy political statements and its raw, dark humour.

Over the years, as Black Mirror’s once inspired writing adjusted to mainstream fame and to a more international palate, critical acclaim faltered. Nevertheless, the series still enjoys a large degree of popularity and its main draw remains intact: exploring the dark side of modern technology.

To explain the phenomenon, The Washington Post suggests the real genius of Black Mirror “lies in its dissection of humanity–how our emotions, compulsions and fears inform our use of technology.” Similarly, Vulture commented that “the best episodes of Black Mirror suggest that familiar technological ideas — things like social networks, artificial intelligence, or gamification — carry with them some sinister, heartbreaking, or alarming possibility for a dystopian future.”

In this article we discarded all the tech featured in the show that already exists in one form or another in real life, instead highlighting the scary, unthinkable, or very plausible technology that we would never want to see realized.

hang-the-dj-Black MirrorVirtual dating simulators

S4E4 – “Hang the DJ”

If you think Tinder is a nightmare, you must have never heard about this episode. In the episode a device, the Coach, has been invented to determine how fit a partner is for you and how long you should be dating them.

Frank and Amy are two of several that participate in this system, and are coached to meet other people and date them for a pre-determined amount of time. Frank and Amy are matched, but the expiration date of their relationship is set much shorter than they had hoped for. They both find themselves thinking about each other after their brief encounter and while dating other people that the system has suggested for them. Later on, the two are rematched by the Coach and then again separated.

Finally, the pair decide to rebel against the system and run away together. At the end of the episode, Frank and Amy’s entire arc is revealed to be a simulated scenario run by a computer to determine the compatibility of their real counterparts. 

nosedive-blackmirrorSocial rating systems

S3E1 – “Nosedive”

Nosedive represents the ultimate dystopia featuring social media. In the episode, people use eye implants and mobile devices to rate their online and in-person interactions on a scale from one to five stars. The episode’s protagonist, Lacie, is a young woman with a moderately high rating of 4.2 who hopes to further improve her socioeconomic status and reach a 4.5 rating through some high-level interactions with her former schoolmates at a fancy wedding. However, a series of unfortunate accidents and mishaps on her way to the wedding crush her rating just before the celebration – prompting her friend to cancel her invitation to the wedding.

This sends Lacie into a downward spiral. Frustrated and with a thirst for revenge, Lacie goes as far as to crash and destroy her friend’s wedding. While her rating drops to zero and she is arrested, Lacie is seen as feeling liberated. Though the tech described in Nosedive is already accessible (social media, smart phones and ratings are all very present in our everyday life), the social rating system in Nosedive is still far from becoming a reality. (At least in the West; its similarity to China’s social credit system is chilling.)

However just to make sure that we keep sane and grounded, we all should probably go on a social media detox asap!

Men Agaist Fire - Black MirrorMind-controlled soldiers

S3E5 – “Men Against Fire”

This episode is a metaphor for how high-tech, AI-driven weaponry have further dehumanized the battlefield and war in general. In an undefined future and unknown country, soldiers are exterminating mutated humans called “roaches”. To improve their performance on the battlefield, they use a neural implant called MASS, which enhances their senses and provides instant data via augmented reality. During one bloody encounter with the roaches, the soldier Stripe is attacked, and his MASS interface is disrupted. Following MASS’s malfunction, Stripe starts seeing roaches as humans, and soon realizes that the government is brainwashing soldiers to have them attack fellow humans and kill them en masse.

After finding out the truth, Stripe is incarcerated and left with a choice: stay in prison or having his memory erased and MASS reactivated. In a following bit of the episode Stripe is seen enjoying a MASS-induced dream and it is clear that he has chosen obliviousness over justice.

USS Callister - Black MirrorTortured, sentient clones

S4E1 – “USS Callister”

This episode marks the first American-produced season of Black Mirror. It centers around tech able to create digital clones of people to have them star as main characters in a multiplayer video-game.

Vindictive game developer Daly has created for himself a patch of the Star Trek-inspired Infinity game in which he is the captain of the starship and is worshipped by his crew members. In the game he programmed, the adoring crew members are versions of his real-life co-workers. But the crew members aren’t mere digital creations of Daly’s co-workers — they’re sentient beings cloned from DNA material that Daly obtained from trash they left behind in the office. Tortured day in and day out by Daly, the digital clones will soon realize their condition and try to escape subjection to their master and the game itself.

Playtest - Black MirrorControlling your senses

S3E2 – “Playtest”

Playtest centers on a video game testing experience gone horribly wrong. The protagonist of the episode is Cooper, an American backpacker, left penniless and stranded in England after having travelled the world following his father’s death. 

Instead of reaching out to his mother in the US for help, Cooper offers to participate in a playtest of an augmented reality video game in exchange for money. An implant is placed at the back of his neck that allows him to experience the video game more immersively. Cooper is then projected into the game experience: he finds himself alone in a mansion with the implant feeding his brain with spooky virtual images. After some jumpscares, the tester starts experiencing severe mental and physical distress and the test is terminated. Even after the test is concluded, Cooper keeps hallucinating and is then revealed that an interference in the testing process has caused him irreversible brain damage.

A precious lesson is learned from this episode: instead of looking for comfort in video games, just call your mom!

History of You - Black MirrorRecording your life

S1E3 – “The Entire History of You”

In a not-so-remote future, people have implanted a device called “the grain” behind their ear which allows them to record everything they see and hear.  Whenever they need, they can re-watch the recordings of their memories directly into their eye or into a video monitor. The episode’s main character, Liam, is using his grain to try and trace back in time all his memories of his wife with an old male friend of hers. After an alcohol-induced fit of jealousy, Liam keeps growing suspicious of their close relationship, and starts obsessing over the thought that his wife has cheated on him. Eventually, he even goes as far to force his wife to show him her memories with the other man.

Shocking revelations about the two’s relationship will lead Liam to cut off his ear in an attempt to prevent the knowledge that comes with the device from influencing his life ever again. As they say, sometimes ignorance is bliss!

Arkangel - Black MirrorReal parental control

S4E2 – “Arkangel”

Directed by Jodie Foster, Arkangel perfectly portrays the lengths a parent will go to keep their kids safe and under control. After a small incident in which Marie has lost sight of her three-year old daughter Sara, the woman decides to have the child implanted with the Arkangel: a system that will allow Marie to monitor Sara’s position, health and emotional state through a tablet. The system also allows Marie to block her child’s field of vision remotely, and whenever she sees fit. 

As Sara grows older, the mother decides to deactivate the tablet and give her daughter some very much needed privacy. However, when Sara’s teenage years take a rebellious turn, her mother decides to reactivate the tablet and keep a close eye on her. Marie’s distrust and disapproval of her daughter’s life choices will inevitably cause Sara’s behaviour to spiral out of control and their relationship to go sour. If only Marie had followed the saying “if you love them set them free” she would have spared her daughter of the pain that her virtual captivity brought into their lives. 

Ashley O - Black MirrorRemotely controlled conciousness

S5E2 – “Rachel, Jack and Ashley Too”

In an attempt to pull an art-imitates-life episode, Netflix cast former teen idol and current superstar singer Miley Cyrus to play a troubled former child star that has risen to world level stardom, Ashley O.

In the episode, Ashley is so popular that an AI doll, named “Ashley Too”, has been modelled after her personality and sold to the fans as a toy. However, Ashley’s life behind the spotlight is far from perfect, as the singer is subjected to the influence of her evil manager aunt who cashes in on her career and exploits her talent for her own benefit. 

When Ashley decides to rebel against her aunt, she poisons her food and puts her in a coma. Yet, the aunt is still able to exploit Ashley’s still-existing brain activity to produce new Ashley O-branded music. After a series of weird turns and fortunate events it will be the sophisticated piece of tech that is the Ashley Too doll that saves Ashley from her coma and brings the evil aunt to justice.

Be Right Back - Black MirrorBringing back the dead

S2E1 – “Be Right Back”

Sharp like a knife and powerful like a punch in the stomach, Be Right Back hits you right where it hurts. It features a tech that we all would like to see realized – until it becomes clear that it just can’t work. The tech at hand is able to bring back the dead, or at least part of them. 

Martha and Ash Starmer are a young couple who have recently moved to the countryside. The day after moving in, Ash dies in a car accident. At the funeral, a friend of Martha suggests her to try a new online service which helped her cope with the loss of a loved one. At first reluctant, Martha is eventually convinced to try the platform when she discovers she is pregnant. The tech allows the woman to upload the personality of Ash –  based on his past online communications and social media profiles – into a synthetic body that looks almost exactly identical to Ash.

Needless to say, the Ash android is not nearly as good as the real thing. Eventually, the constant comparison between her deceased boyfriend and the defective machine makes Martha incredibly miserable.

Fifteen Million Merits - Black MirrorReality TV takeover

S1E2 – “Fifteen Million Merits”

Even though Fifteen Millions Merits doesn’t feature any bloodshed or a hellish landscape, it still manages to be one of Black Mirror’s most disturbing episodes. The episode, in fact, centers around the role of tech – such as digital currency and social television – in disrupting the society of the future. The episode details a future in which most people are forced to cycle on exercise bikes in order to produce power. Confined in tiny bedrooms, forced to live in almost complete isolation, and constantly bombarded by interactive advertisement, these people live a slave-like existence. The only way for them to skip advertised content on TV and to catch a break from their nightmarish reality is by paying a few “merits” (digital currency) which they earn in exchange for their physical labor.

During one biking session, the episode’s main character, Bing, falls for a neighbour cyclist, Abi. Convinced that talent shows are the only way to escape their dull reality, Bing accumulates enough merits to buy Abi a ticket to audition in a singing contest.

When Abi’s audition doesn’t go as planned (the woman is told that she is better suited for porn than for singing), Bing decides to audition himself. Once on stage, he voices his indignation and threatens to commit suicide in front of the live crowd. Once his protest is concluded, the unbothered judges offers him a weekly show, where he will have the opportunity to rant about the system. Bing accepts their offer.

As social TV become more sophisticated and popular (Netflix had its own interactive episode of Black Mirror in December last year, “Bandersnatch”), let’s hope the day doesn’t come when we’re all enslaved by the laws of entertainment. But if it does, don’t say that Black Mirror didn’t warn you!

Leeds-based Optimus Vitrum raises €655k to develop unbreakable mobile screens

Chances are, you’ve had the frustrating and expensive experience of a broken mobile screen. A University of Leeds spin-out, Optimus Vitrum, has set out to solve this problem by developing a new type of glass which it claims will reduce the risk of broken screens to just one in a million devices. The startup has just secured €655k from NPIF – Mercia Equity Finance.

The company believes its technology can help resolve a key challenge facing the global mobile industry – how to create thinner, more flexible screens for smartphones and other electronic devices, without making them more vulnerable to cracking.

The global market for mobile phone and tablet screens is estimated at $2.1 billion and expected to reach $2.5 billion by 2025. However screen cracking is a common problem – one survey found that almost one in four UK mobile users had had a cracked screen in the last two years.

Optimus Vitrum’s process is based on research by materials specialist Professor Gin Jose, from the School of Chemical and Process Engineering. It uses lasers instead of chemicals to treat the glass used in touch screens, resulting in more uniform toughening and better performance. The investment will allow the company to create advanced prototypes and commercialize its product.

Professor Jose spent seven years developing the technology, attracting over £5 million in government grants. He has now joined forces with his former PhD students including Matthew Murray and Robert Mathieson, along with glass industry expert Dr Malcolm Glendening to set up Optimus Vitrum.

“Our process has the potential to disrupt the glass market, in particular the way glass is toughened – a process that has remained largely unchanged for decades,” said Jose. “The practical benefit is that industry will be able to make glass that is thinner and stronger and also more resistant to scratches.”

“This is a great example of how NPIF funding can support innovative businesses in the North of England,” said Ken Cooper, Managing Director at British Business Bank. “The success of companies like Optimus Vitrum will provide the fuel for the Northern Powerhouse and help to redress the current imbalances in the UK’s economy.”

“Optimus Vitrum’s technology addresses a key challenge for manufacturers and could have a huge potential market, not only in mobile phones but also for uses such as vehicle windscreens,” said Maurice Disasi, an investment associate with Mercia. “This investment will fund independent tests and provide the proof the company needs to approach customers worldwide.”

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Sustainer Homes: Meet the Dutch startup building radically sustainable housing

Editor’s note: This is the first installment of a series focusing on social impact startups. Stay tuned for more.

Inspired by LEGO. Unlimited number of designs with a limited number of components. Leader in sustainable and circular construction. 

These are just some of the phrases Sustainer Homes uses to describe its building system and software platform. The social impact construction tech startup is rethinking how we build homes, designing them in the most sustainable way possible by integrating renewable energy to minimize CO2 emissions, and using as few materials as possible.

The startup’s modular system allows any architect or builder to turn almost any design into a fully circular, carbon-neutral building to create radically sustainable homes. Its system integrates every technical challenge in one building model, speeding up the building process while saving costs – without sacrificing design.

“Sustainer Homes shows that with current technology sustainable living and living comfort can go hand in hand,” said The Climate Coalition, a UK-based coalition of 130 organizations advocating for protection from climate change.

The beginnings: homes from shipping containers

Founded in 2014 in Utrecht and an alumnus of Startupbootcamp, Sustainer Homes started by building houses from shipping containers that are self-sufficient and portable, with the aim of providing millennials with affordable yet sustainable homes. Sustainer Homes focuses on energy, air and heating, water collection, as well as disposal and materials to build fully independent, sustainable homes that can be taken off-grid.

Each shipping container home uses electricity produced by a combination of solar panels and windmills, ensuring enough energy for year round consumption. A highly efficient heat pump combined with high grade insulation makes them warm in the winter and cool in the summer, while water is collected from the roof of the container, and filtered for safe drinking. Used water is then passed through a plant based filter and released back into the ground. All of the construction materials are reusable, as well as recyclable.

The switch to modular wooden building systems

Realizing that shipping containers weren’t enough, Sustainer Homes has since pivoted to developing modular wooden building systems, drawing on its expertise and experience in building sustainable, modular, and portable homes.

sustainer-home2Its building system and software platform generates drawings, 3D models and provides project management and preparation for architects and builders. Sustainability is achieved through the following core components: type & amount of materials used, construction methods, and design.

This sustainable and circular construction system only uses natural and renewable materials, and as few of them as possible, to create high-quality, long lasting homes. The structural skeleton of a Sustainer Home consists of certified wood from strictly managed Finnish forests with hardly any use of polluting materials such as plaster, cement, concrete, or steel. Less materials are used in the process by combining Japanese woodworking techniques, robot-driven manufacturing, and using evolutionary algorithms in the design process.

sustainer-home3Each Sustainer Home is designed for the future, with a maximum life span. They are extremely well insulated, equipped with triple glass, airtight, damp-proof, and equipped with high-quality climate systems and solar panels.

No two homes are alike; they are tailored to specific customer design requirements. From floor-to-ceiling windows, perfectly customized ceilings, to stairs built from Sustainer Home’s own algorithm – everything can be built to specific details and under optimal, controlled conditions. What’s more, the actual construction of the homes takes only a few weeks.

Sustainer Homes today

Since it was founded, over 50 Sustainer Homes have already been sold or are currently under construction. This year Sustainer Homes is focusing on perfecting its system, and preparing to scale production with several big projects in the Netherlands.

The startup is already working together with project developers, housing corporations and large construction companies to use their building system in social housing projects. Testing is going on behind the scenes and will be widely available by mid-2020. Due to the complexity in regulations and the quick pace of innovation, they have decided to focus on the Netherlands first and start expanding throughout Europe (eventually the rest of the world) as soon as their concept is brought to scale.

sissy-boy-head-office
Sissy Boy head office, by Sustainer Homes

One of Sustainer Homes notable collaborations include The Green Village, where they have already built two homes, as well as the Office Lab, a testbed in which all kinds of office related innovations can be researched. The Office Lab was designed to be flexible, adaptable and modular so that different parties can easily install and research their innovations. Green Village notes that both the homes and Office Lab realized with Sustainer Homes were precisely in line with their wishes and requirements and the finished products were very beautiful.

The future is radically sustainable homes

In 2018, the founders of Sustainer Homes were included in Europe’s Forbes 30 under 30 list under the category of social enterprises for developing a modular system that designs and constructs radically sustainable homes, while cutting 90% of CO2 emissions.

The startup considers itself the social enterprise aiming to make the biggest impact possible in reducing the carbon footprint in the building industry, which still accounts for one-third of the global CO2 emissions.

“If we want to live sustainably with ten billion people, we will need to re-invent the way we construct our buildings,” said CEO and co-founder Gert van Vugt. “We’ve already shown how to make individual homes in a fully sustainable way. In five years, we have modernized the building process as well, with an industrial, standardized supply chain covering most of Europe. We will look back at the current way of building and think: ‘why didn’t we do this decades ago?’”

EU-Startups and Jobbio join forces to connect great talent with Europe’s best startups

Today we’re launching the new EU-Startups Job Board, which will be operated in collaboration with Jobbio.

This means that EU-Startups readers will have access to an even bigger selection of career opportunities in Europe’s best startups and innovative tech companies. Scroll through the job offerings now and apply for your future dream job today!

For startups and tech companies that are posting jobs on the new EU-Startups Job Board this will mean that they will not only reach our monthly audience of 200,000 startup enthusiasts, but als Jobbio’s talent network of more than 2 million people. These potential candidates are then matched to the right roles through Jobbio’s AI jobs technology. This way you’ll discover even more and even better candidates who are excited to join your company.

In addition to unlocking this valuable audience, the Jobbio platform also facilitates better talent connections by focusing on employer branding. Companies aren’t just listing a job but they’re also educating talent about their culture and team, leading to more relevant applications and decreased hiring costs. This is of particular benefit to startups who may be struggling to compete with larger corporates for talent.

By the way: If you’re running a startup or tech company, used the EU-Startups Job Board in the past, and now would like to test the new platform, you can try it entirely free during August, by signing up here.

Amsterdam’s Peak Capital opens applications for its 2nd Fundathon, where founders of European startups can win €100k in one day

Amsterdam-based investment fund Peak Capital is opening applications for its second Fundathon. Starting today, startups can register until 8 September for a competition on 4 October, where five startups will participate. At the end of the day the winner will receive an investment of €100k by Peak Capital via a ‘founder friendly’ convertible note.

After the success of last year with two winners, five new startups will get another chance of winning €100k while working on their growth plan with the help of experienced entrepreneurs and investors. Marketplace, platform and SaaS startups can register from today until 8 September through its website. The Fundathon will be hosted on 4 October at the office of LessonUp, one of last year’s winners, in The Hague.

During the day, former entrepreneurs will guide the participants on topics such as growth, metrics and talent. During the break-out sessions participants will work on their growth plans with the support of experienced entrepreneurs and investors of Peak Capital. Winner of was very enthusiastic about the setting:

“The insights and learnings from the Fundathon have been a real eye opener for us. After the Fundathon we have made some radical changes which contributed to the acceleration of our growth,” said last year’s winner Janneke Plaisier, the CEO and co-founder of LessonUp.

At the end of the day, the winner, chosen by a jury composed of Heleen Dura van Oord, Stefan Bary, Jacqueline van den Ende, and Johan van Mil, amongst others, will receive a €100k investment from Peak Capital in the form of a convertible loan. With ‘founder friendly’ terms, this investment should be attractive for every startup.

“It was not just a lecture with ‘Five easy steps towards growth’. We actually got to work on our growth plan and implement valuable and practical feedback from experts in the field.” said Mark Pluijmen, CEO and co-founder of Batchforce.

Peak Capital offers growth capital with active hands-on support to early stage technology companies. Peak Capital invests in rapidly growing companies such as Catawiki, Channable, Creative Fabrica, Flinders, Happyprinting, InvoiceFinance, Media Distillery, NPEX, Urban Sports Club & OneFit, Peecho, Radionomy, StuDocu, TradeCloud and United Wardrobe. Previous investments include IENS, which was sold to Tripadvisor in 2014; Radionomy, acquired in 2015 by the listed Vivendi; and CheapCargo, acquired by PostNL.

Amsterdam-based file sharing platform WeTransfer has raised €35 million to develop more tools for the creative community

After six years of profitability, Amsterdam-based file sharing platform WeTransfer decided to pursue a second funding round. It has just raised €35 million in a Series B round led by the European growth equity firm HPE Growth, with significant participation from existing investor Highland Europe. Leveraging HPE’s expertise, WeTransfer will emphasize recruiting the best talent to develop its tools faster.

Founded in 2009 as a file sharing service for the creative community, WeTransfer prioritizes ‘offline’ values, such as trust, transparency, and ethics. The startups original file transfer product has driven WeTransfer’s growth to over 50 million users, sending more than a billion files each month.

“The opportunity to partner with HPE was too good to miss,” said Gordon Willoughby, CEO of WeTransfer. “Our ambition is to be behind every great idea, and since acquiring Paper and Paste we’ve seen rapid adoption of our tools globally. HPE recognize the value we provide and want to help us continue to scale quickly. We have an exciting product road map for the autumn, so having HPE join us, together with Highland Europe, gives us the stability and skills we need.”

Since launching its first product, WeTransfer has developed additional tools help creative people without breaking their flow. These include the mobile app Collect, which allows people to organize their ideas and share them with coworkers, and currently boasts 4 million monthly users); the immersive sketching tool Paper, which WeTransfer acquired last year and has been downloaded 25 million times; and the collaborative presentation tool Paste, which is used by 40,000 active teams.

“WeTransfer has demonstrated tremendous organic growth since inception, and has developed a committed, loyal following, particularly amongst the global creative community,” said Jonne de Leeuw, HPE. “We’re keen to provide the resources and support to help the company further build and refine its unique product strategy and market position. We see an opportunity for the company to address an even broader audience, while continuing to grow profitably at scale.”

“Highland Europe saw WeTransfer’s potential at an early stage and we’re thrilled to deepen our involvement today,” said Irena Goldenberg from Highland Europe. “Last year’s acquisition of Paper and Paste, plus the development of powerful new user tools, solidifies WeTransfer’s leadership.”

Oxford-based agtech startup MoA Technology raises €7 million to fight the herbicide resistance crisis

Farmers across the world are facing an increasingly difficult challenge: the overuse of a small range of herbicides has led to increasing levels of weed resistance – and the weeds are winning. Globally, farmers are losing over a third of crop production due to weeds.

Oxford-based startup MoA Technology Limited has designed a crop protection discovery platform in order to create sustainable herbicides with new modes of action from both natural and synthetic chemistry.

The startup has now secured €7 million Series A round to develop its platform and find solutions to avert the global herbicide resistance crisis.

Similar to the antibiotic resistance crisis affecting healthcare, there have been no major new herbicides introduced to the market with a novel mode of action (the way herbicides kill weeds) in the last thirty years. This has forced overreliance on a small number of similar products that, in turn, has led to the growth of weed resistance.

Spun out from Oxford University’s Plant Sciences Department in 2018, from ground-breaking research by co-founders Professor Liam Dolan FRS, and Dr Clement Champion, MoA Technology was set up to address this challenge. The company has developed its own discovery platform and is focused on the discovery of next generation sustainable herbicides with new modes of action from both natural and synthetic chemistry.

MoA Technology has so far developed three proprietary platforms: MoA Galaxy, MoA Target and MoA Select. Each platform is powerful in its own right, but when used in combination, offers the opportunity to revolutionize the herbicide discovery process and critically identify new, effective, and environmentally-sustainable herbicides. The platforms are based upon a unique combination of genetics, trait analysis and data analytics.

The funding round into MoA was co-led by Oxford Sciences Innovation, the world’s largest university venture fund, and Parkwalk Advisors, the largest EIS growth fund manager focused on university spinouts. Oxford University Innovation, the University’s innovation arm, assisted in spinning the company out in 2018.

“In recent years industry has moved from high throughput screening to lower throughput in-vivo plant screening but neither method has been successful in uncovering marketable herbicides that have new modes of action,” said Liam Dolan, Sherardian Professor of Botany at the Department of Plant Sciences, Oxford University. “We have redesigned the discovery process in its entirety. Not only do we focus on identifying new potential modes of action at the outset, our platform combines in-vivo screening with a high throughput capability that we believe is a first in this industry. Early results are extremely promising.”

“Weeds are now a greater threat to crop yields than at any time in recent decades. New solutions are urgently needed,” said Hadyn Parry, Chairman at MoA Technology. “Raising £6 million at this stage in the company’s development is a real testament to the strength of the company’s prospects.” 

Over the next couple of years, MoA Technology plan to generate several new product candidates to take into development and to create industrial partnerships that can then take these products to market.

Estonian Solarstone receives funding to place solar panels on rooftops throughout Europe

Tartu, Estonia-based Solarstone, which produces building-integrated solar panels (BIPV) suitable for both modern and traditional rooftops, is making plans to enter foreign markets with the support of its new investor, the Tallinn-based renewable energy company Sunly.

“Roofs and solar panels can be the same thing. Also, the solar panel may fit well architecturally with the building,” said Silver Aednik, the CEO of Solarstone. “We have combined a very traditional tiled roof with modern solar panels to provide aesthetically appealing and efficient combination.”

According to Aednik, the company has already supplied over 100 buildings with integrated solar systems in Estonia and is now ready to expand to foreign markets, with a strong focus on Scandinavia and Germany.

“We want to contribute financially as well as with our knowledge and experience to help Estonian companies be a part of global green technology revolution,” said Priit Lepasepp, the CEO of Sunly. “For us, Solarstone is an attractive investment opportunity, combining a dedicated team with an innovative cleantech product that is ready to enter foreign markets.”

Solarstone has a mission of making BIPV solar panels as common building material as concrete or wood. The solar power sector is experiencing strong growth figures worldwide. The housing industry is open to new technologies and solutions that incorporate renewable energy production into building structures. Domestic developers, architects, and homeowners who have undertaken roof renovation have already seized the opportunity to build a new roof and solar plant at the same time. Solarstone’s pilot projects have been well-received in neighbouring countries, bolstering confidence that the same experience can be replicated outside Estonia.

15 logo design tips that will help you create a high quality logo for your startup (Sponsored)

As a startup founder, you want nothing but the very best for your company. For instance, you want the best employees, top-notch products for your customers, and a professional website that can attract the target demographic. However, you also want a premium logo that can elevate your business as a brand.

If you have never created a logo before, here are 15 tips that you can use for help:

  1. Choose the Right Colors

You can’t create a good logo without using the right colors. This is because of the psychology of colors which influences how your target demographic desponds to your logo. So, if you want to create a logo that speaks “enthusiasm” and “energy”, then you can choose red as one of the primary colors. Similarly, if you want your logo to say “trust” and “security”, then you can lean towards blue.

  1. Choose the Right Font

Just like colors, the fonts of a logo also matter a lot. In fact, you can create a highly memorable logo just by using a highly memorable font. The logo of beverage leader Coca-Cola is the perfect example of this idea.

  1. Keep it Simple

A simple logo is a powerful logo. This is because when you try to complicate the design, it becomes difficult to get your message across. Think of the logos of Apple and Nike- their designs are quite simple but also quite effective.

  1. Remember Scaling

An ideal logo looks as good when it’s printed on a pen as it’s printed on a giant billboard. In other words, the logo should be scalable.

  1. Use the Right Tool

In today’s technology-driven world, there is no dearth of online solutions and design is certainly one of them. However, you should choose the logo design tool wisely. Ideally, you should go for an advanced service like Tailor Brands that uses artificial intelligence technology to create premium logos in a matter of minutes.

  1. Be Original

You are free to draw inspiration from other popular logos on the Internet. However, you shouldn’t try to replicate the designs in their entirety. Instead, you should put on your thinking cap and be as original as possible.

  1. Think of White Space

There are many clever ways you can design logos. For instance, you can incorporate white space into the design just like FedEx and Toblerone did with theirs.

  1. Understand the Legal Aspects

There are certain legal aspects of logo design that start-ups must pay attention to. For instance, you have to ensure that you can protect the logo as a trademark or else your money could simply go in vain.

  1. Try Black and White

It doesn’t matter what kind of logo you have designed; you must apply a black-and-white filter on it to see how it looks. An ideal logo would great both in color and greyscale.

  1. Think Long-Term

Trends are pretty common in the design industry. For instance, bright and metallic colors, minimalistic typography, etc. are currently in vogue. However, you shouldn’t create your logo based on these alone. Your design should be classic and able to survive the test of time.

  1. Mind the Letter Spacing

Many amateur logo designers forget to pay attention to letter spacing i.e. kerning. Look at the image above- that should give you an idea why you shouldn’t overlook the spacing between the letters.

  1. Find Inspiration

If you are unable to come up good logo design on your own, then you can always turn to the Internet for inspiring logos from professionals.

  1. Target your Audience

Your logo needs to look good, sure. However, it also needs to be in line with your target demographic. So, choose the fonts, colors, and icons carefully.

  1. Avoid Clichés

If you want to make a lasting impression on your prospects, then avoid clichéd design elements like speech bubbles for communication, stick figures for individuals, etc. Instead, try to come up with your own ideas and concepts.

  1. Involve your Team

It’s a good idea to involve your staff in the design process. After all, there is no such thing as too many ideas.

So, there you have it – some of the things that you need to keep in mind if you want to create the perfect logo. Be careful and good luck!

Manchester-based logistics startup Sorted secures €16.5 million Series B investment to expand internationally

Manchester-based logistics startup Sorted has developed a delivery management platform that allows physical and digital retailers to effectively manage their deliveries and returns.

The startup has raised €16.5 million in a Series B funding round led by Merian Chrysalis, alongside Praetura Ventures and NVM Private Equity LLP. This comes on the heels of the company’s raise of €17 million in May, following a year of 400% revenue growth. Today’s investment takes the firm’s total funding to more than €38.4 million since its launch in 2010.

The funding will provide the business with additional capital to accelerate the pace of their technology development and international expansion, as well as increasing employee headcount.

Through the use of Sorted’s proprietary technology, retailers are able to increase conversion rates, reduce abandoned baskets and increase customer loyalty. Sorted currently offers three innovative products: 

  • SortedHERO, an application programming interface solution allowing retailers to display real-time delivery options at checkout
  • SortedPRO, a ground-breaking delivery management platform for carrier and shipping management
  • SortedREACT, a powerful AI-driven tracking platform that aggregates carrier and delivery communications post purchase.

Sorted is one of the UK’s fastest growing tech companies, with its software now live in 12 countries, including the US, France and Germany. Working with a number of leading companies including ASOS, Lush, N Brown, Wincanton and Clipper Logistics, Sorted is continuing to develop its disruptive technology, while pursuing a strong pipeline of potential retail partners globally.

“Sorted is rewriting the rules when it comes to delivery, and we’re delighted to be pushing forward with our global growth,” said David Grimes, founder and CEO, Sorted. “The backing from these high-profile investors is testament to the size of the opportunity in front of us. This is a really exciting time as we work harder and faster, partnering with the most innovative retailers in the market.”

“The delivery management sector is ripe for disruption and we believe Sorted has emerged as the only credible, global challenger to the current market-leader,” said Richard Watts, portfolio manager, Merian Chrysalis. “We are excited to provide David and the team with the growth capital required to continue developing truly innovative technologies and expand internationally.’’

“We first invested in Sorted in 2013 and are delighted with the progress the business has made over the last six years as it has developed its tech platform and won a number of tier one retail clients,” said Mike Fletcher, Chairman of Sorted and Group CEO of Praetura. “Securing this £15 million Series B fundraising will allow the business to continue its rapid growth and we look forward to working alongside the Merian Chrysalis team in supporting the business as it scales.”

Berlin-based proptech startup Zenhomes raises €13 million for its digital tenant management platform

Berlin-based proptech startup Zenhomes is a digital platform for property and tenant management. Founded in 2016, the startup has raised €13 million in a Series A funding round from new and existing investors, bringing the total raised by the startup to €19 million.

The vision of Zenhomes is to create an ecosystem of connected, digital platforms bringing together landlords, tenants, and service providers such as craftsmen or real estate agents. Zenhome’s core brand, Vermietet.de, is the only platform in Germany that already provides private landlords and property managers with holistic digital services for property management, such as rental management, asset management or building maintenance. Users benefit from a seamless experience that allows them to increase transparency and reduce time-consuming, repetitive tasks, and financial losses due to mismanagement.

“The real estate market is changing. Investors are increasingly young players with modern assets,” said Jannes Fischer, CEO and founder of Zenhomes. “Our core brand Vermietet.de aims at this target group and offers the perfect starting point to position Zenhomes as holistic partner for all those involved in the real estate ecosystem. Our goal is to make Vermietet.de the leading aggregator of housing in Germany within 2020.”

“The real estate industry has a lot of catching up to do, especially in the segment of private customers,” said Jürgen Fenk, CEO of SIGNA Innovations and member of the Executive Board of the SIGNA Group. “Zenhomes has taken up this challenge. With its holistic approach, the company takes a lead position in the digitalization of an entire industry. We are investing in the product and the clear vision: Together, we are creating the first comprehensive digital platform for all parties in the real estate industry.”

“Zenhomes is a great fit with the EWE strategy of bundling the energy and housing industry on one platform,” said Dr. Urban Keussen, EWE’s CTO. “We have been convinced by the strong, organic growth and EWE shares the vision to establish Zenhomes as the leading end-to-end proptech platform in the market.”

“The innovative power of the Zenhomes business model has convinced us. The cooperation of Zenhomes and Momeni Digital Ventures is an excellent example of knowledge transfer between startups and established companies,” said Juana M. Sacristán, managing director of MOMENI Digital Ventures. “In this way, created synergies provide sustainable, positive influence on the entire real estate industry.”

10 Milan-based startups to look out for in 2019 and beyond

When we think of Italy, we think of gelato, pasta, and pizza. But once Italians are finished  with their “dolce far niente”, they can be really good entrepreneurs.

Milan, a major hub for startups, innovation and technology in Italy, is the hometown of the following 10 startups, which we can expect to make headlines in 2019. 

Fresco Frigo – Founded in 2018, Fresco Frigo combines the needs of healthy eating with the convenience of delivering high-quality healthy meals. With a structure identical to that of a refrigerator, Fresco Frigo is basically a smart vending machine filled with energy bars, fresh salads, wraps, yogurts, cold-pressed juices, soups and fruits. Perfect for offices, hospitals, gyms or residential complexes, Fresco Frigo is your daily dose of healthy food, everywhere you go. 

Beesy is a digital financial management solution for small businesses and freelancers. Founded in 2018, Beesy is the first company in Italy founded by FinLeap, a company builder for fintech companies, with Fabrick as lead investor and Banca Sella as a first banking partner. Designed as a digital banking solution, Beesy offers multi-banking services and tools for accounting, payments and analysis, as well as tax advice.

Quomi offers a delivery service that allows customers to receive a weekly box with fresh, pre-portioned ingredients conveniently to their doorstep. Inspired by the Mediterranean diet, Quomi offers a ton of recipes on their website, and customers can choose a set of them, have them delivered at a time suitable for them, follow the illustrated instructions on the cards and simply enjoy cooking.

Sweetguest is a proptech company specializing in property management and AirBnB renting. Founded in 2016, they aim to facilitate and optimize the management of short rentals by offering the following services: online advertisement, reservations, cleaning and maintenance, welcoming guests, laundry, professional photoshoot, etc. So far they have raised €10 million to maximize the profits of short term rentals and Airbnb selected them as its first Italian “Professional Co-Host”.

Yolo – Founded in 2017, Yolo is a digital insurance brokerage app which helps consumers access on-demand insurance policies for travel, items, health, people, and even pets. The app allows instant and pay-per-use products on a daily or monthly basis. The startup has so far raised €6 million in order to redesign the distribution model and the insurance offer we were used to. 

EatsReady is a mobile ordering service founded in 2017, which allows users to discover the best restaurants in the city, consult their menus, pre-order and pay, receive premium offers and skip the line using the exclusive in-store preferential lines. Additionally, through its loyalty program, customers earn points for every action taken and for every challenge completed. A little bit of gamification for your next lunch break.

FreedaMedia – Dubbed the “media phenomenon of 2017” and the “reference point for young women on social networks”, Freeda Media is a media company that produces content aimed at millennial women for distribution on social media sites. Freeda’s interviews, short videos and articles on women’s achievements, personal style and sisterhood serve as an inspiration to an entire generation of millennial women. Currently, Freeda’s FB page boasts over 2.8 million fans, and it has 2.1 million Instagram followers.

TeiaCare is a digital assistant for nurses and health professionals, which provides Contact-Free Continuous Monitoring (CFCM) for post-acute hospital patients and nursing home residents. Founded in 2015, TeiaCare is aimed at improving patients’ safety, and release the burden on caregivers, by providing them with insights and multiple smart alerts, reposition reminders and reports. The digital health startup is backed by angel and VC investment.

Credimi is a fintech startup that provides a digital platform for the instant financing of trade invoices, where business can easily cash invoices in less than 48 hours, without fixed costs, bureaucracy or useless paperwork. Seen as an alternative channel for liquidity, Credimi has so far provided over €500 million to more than 3,500 companies. Founded in September 2015, has raised €18 million so far to expand digital lending in Europe.

ProntoPro – The gig economy has become an integral part of our society, and independent workers for short-term engagements are in high demand. In Italy, you can find them on ProntoPro, a marketplace for professionals. If you need anything from a painter to a guitar teacher, just fill in the details of the job you want to commission and you will receive customized quotes. On the other hand, freelancers can use as a job portal and increase visibility.

By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!

Hungarian Commsignia just received a $11 million investment to make roads more safe and traffic more efficient

Commsignia, a market leader in V2X (Vehicle-to-Everything) solutions, announced the closing of a $11 million fundraising round led by Karma Ventures (Estonia) and the Samsung Catalyst Fund (US), together with Partech (France), Inventure (Finland), and existing investors Credo Ventures (Czechia) and Day One Capital (Hungary). The company will strengthen its R&D capabilities and team for customer engagements to remain at the forefront of V2X innovations.

V2X is the base technology for creating Cooperative Intelligent Transport Systems (C-ITS), which improves road safety and traffic efficiency by using remote sensor data from other vehicles, infrastructure cameras and other sources to allow cars to see beyond their line of sight. V2X technologies enable drivers as well as self-driving vehicles to make safety decisions on the spot.

Commsignia is helping to build safer and more efficient everyday driving, as well as providing communication network for the next-generation autonomous car and smart mobility ecosystem, offering cutting-edge vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication technologies. Commsignia technologies connect vehicles with each other and the smart city infrastructure to enable autonomous vehicle functions while making everyday driving safer and more efficient.

More information about this fundraising round can be found at the company’s website.

Latvian fintech startup Mintos passes milestone of €3 billion in total loans financed

Mintos, a financial technology startup that offers a global marketplace for investments in loans, has reached €3 billion in total loans financed. This milestone comes just four months after announcing its €2 billion milestone earlier this year. Mintos has also doubled the number of employees to 140 during this time and now works with over 60 alternative lending companies across the world to offer loans for investment to more than 170,000 investors globally. Founded in 2014, Mintos today has offices in Riga, Berlin, Vilnius, and Warsaw. The company plans to have 200 employees by the end of the year.

Mintos CEO and Co-Founder Martins Sulte said: “Reaching the €3 billion milestone in just four months after achieving our previous milestone is a further encouragement that we are on the right track of opening up a new asset class to retail investors and rethinking how money flows from those who want to save and invest to those who want to borrow. We have fast become the go-to marketplace for people who want to invest in loans because of the sheer volume of loans and diversification opportunities we offer. The market opportunity is huge and we will continue investing in people and product, and have a sharp focus on growth.”

Financial services, especially when it comes to investing, have long been a privilege to a few with a considerable amount of available financial resources. In the last decade, financial technologies have changed that for many. Also, loans as an asset class have traditionally been available only to institutional investors and high net worth individuals. That changed with the advent of peer-to-peer lending, however, the offering to investors has been limited to what platforms originate and usually constrained to a particular country or loan type.

The Mintos marketplace, through partnering with 65 lending companies across the world, delivers a simple, transparent, and diversified investing experience to more than 170 000 investors globally who want to invest in loans. Investors can buy fractions of loans available on the marketplace, from short-term loans to mortgage and small business loans, and receive interest when borrowers make repayments. To date, investors have seen consistent returns of around 12% per year on average. Anyone with as little as €10 can start investing on Mintos at the convenience of their laptop or smartphone.

Mintos offers three different ways of investing in loans – Manual Investing, Auto Invest, and via our most recent product called Invest & Access. Manual Investing allows investors to cherry pick loans and is used by many experienced investors. Auto Invest automatically invests money according to the investor’s chosen strategy and helps save time spent on investing. Investors can create their own strategy or use one of the many templates available on the Mintos marketplace. About 80% of all investors opt for Auto Invest.

Invest & Access is the easiest way to get started with Mintos. During the couple of months since its release, more than half of new investors have chosen to start investing with Invest & Access. Investors can just set the preferred investment amount and get a fully diversified portfolio. And if investors need access to their capital, they can instantly cash out anytime, subject to market demand.

In April 2019 Mintos launched the sustainability initiative “Mintos Impact Fund”, with a mission to contribute to social and environmental causes in geographies where the company operates. The first project that is being developed and currently set to launch in September 2019, is a crowdfunding support for the World Wildlife Fund’s (WWF) Baltic Ecoregion Programme, comprised of WWF and NGO partners from Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, Russia, and Sweden.

10 Cambridge-based startups to look out for in 2019 and beyond

The University of Cambridge has developed a reputation for spinning out high-tech startups, and thanks to its world-class science research and innovation programmes, the city is emerging as one of the top hubs for tech companies in the UK, and even Europe. Academics from the university have a long history of joining tech startups, while giving back to academia. After Harvard, Cambridge boasts the greatest number of Nobel laureates in the world, well-represented across the fields of physics, chemistry, and medicine.

Hence, the city is home to many deep tech startups on the cutting edge of verticals such as medtech & biotech, semiconductors, and quantum computing. According to research by the Digital Economy Council, over half of Cambridge’s population now works in the technology sector. At the southern tip of the English Fenland, it’s even been dubbed ‘Silicon Fen‘.

According to Tech Nation’s 2018 report, Cambridge had double the digital tech turnover per staff (£152k each) compared to the UK average of £99k. The same report from 2019 shows that Cambridge comes second (after London) for tech investment in the UK, with £583 million raised in 2018, and research by Global University Venturing found that the University of Cambridge raised the highest capital investment from its spinout companies amongst the world’s universities.

Here are 10 of the most exciting tech startups that have recently come out of Cambridge’s Silicon-Fen:

healx-logo

Healx’s mission is to improve the lives of rare disease patients by using AI and machine learning alongside pharmacological expertise to accelerate the discovery and development of treatments at scale. Healx repurposes and combines existing drugs to find new treatments and alleviate the suffering of the 350 million people globally that are affected by rare diseases. With its technology, Healx claims to cut typical development timelines by 80% and reduce costs by 90%. In 2018, Healx raised $10 million in Series A funding. Prior to Healx, CEO and co-founder Dr Tim Guillams obtained his PhD at the University of Cambridge in the field of Biophysics and Neuroscience, developing nanobody technology for Parkinson’s disease. 

prowlerPROWLER.io has combined three different branches of mathematics to create the world’s first AI platform for general purpose decision-making. The startup’s core platform, VUKU, is designed for autonomous decision-making in complex, dynamic, and uncertain environments including financial markets, resource allocation, transportation and logistics, ridesharing, smart cities, and robotics, and is developing its capabilities to expand its applications into even more verticals. PROWLER.io believes that by 2025, principled decision-making using autonomous AI agents will drive the world economy. Founded in 2016 by mathematicians and engineers following years of research, PROWLER.io already employs over 100 people from 27 different countries, and has raised €35.1 million to date.

techspert-logoTechspert.io has developed a search engine capable of finding experts across the globe available to answer complex questions for businesses on subjects ranging from rare diseases to the development of sustainable fuels. The startup takes a company’s specific need for expertise and ranks relevant experts across the world quantitatively on their experience, communication, influence, and commercial insight. Clients are offered a shortlist of experts, with clear data on why each was selected, and can arrange contact and payment through the platform. Founded in 2016, techspert.io raised €1.1 million in December 2018.

riverlaneRiverlane – Once quantum computers become a fully functional reality, overcoming the hurdles of noise and cryogenic temperatures, their increase in speed is expected to give them the ability to solve seemingly impossible problems in fields from chemistry to astrophysics. Riverlane is developing quantum software for use as a simulation engine to replace expensive laboratory tests in areas such as materials design and drug discovery. Riverlane’s software leverages the capabilities of the quantum computer in the same way that graphics processing units (GPUs) accelerate machine learning workloads, to accelerate the simulation of quantum systems. Founded in 2017, Riverlane just raised a €3.7 million round in June.

Qkine-logoQkine – Stem cells are revolutionizing medicine by enabling new approaches for disease modelling, precision medicine, and the development of new therapeutics. Qkine tackles challenges in protein production for stem cell biology, manufacturing high quality growth factors to improve the development of stem cells for regenerative medicine applications. A spin-out of The University of Cambridge, Qkine uses proprietary technologies and protein engineering techniques to produce growth factors and cytokines that are needed to produce high quality stem cells. Qkine’s technology addresses challenges to stem cell growth such as structural heterogeneity, poor stability and solubility, and spurious interactions with other biomolecules. Founded in 2016, Qkine raised 660k in June from existing investors including the University of Cambridge Enterprise and angels.

predict-immune-logoCambridge-based PredictImmune develops prognostic tests to guide treatment options and improve patient outcomes for immune-related diseases such as inflammatory bowel disease (IBD), Crohn’s disease, and lupus. Based on over ten years of research at the University of Cambridge, PredictImmune has developed a simple blood test for Crohn’s disease and ulcerative colitis to accurately identify patients who are at risk of experiencing severe, relapsing disease and could benefit from certain biopharmaceutical interventions. Founded in 2017, the startup recently raised €11 million in Series B funding.

agile-analog-logoAgile Analog – Analog circuits are needed on every chip to interface between the real world and the digital processor – from sensors to battery connections to radio frequency data transmission. And with the explosion of the IoT the demand for new analog chip designs has never been greater.  But analog design is still slow and largely manual, and it is often the bottleneck in bringing new systems to market. Agile Analog was founded in 2017 to accelerate the pace of chip innovation by providing smaller, cheaper, more reliable, and lower power analog chip designs. Agile’s AI-driven platform replaces the existing manual design process, which has not fundamentally changed in 60 years. In May 2019, Agile Analog closed a pre-Series A funding round of €4.5 million to transform the semiconductor industry.

entomics-logoEntomics – 1.3 billion tonnes of food is wasted annually. Not only is this a waste of resources – food waste is a major contributor to climate change, emitting 3.3 gigatonnes of greenhouse gases globally. Entomics is solving this problem by farming insects to eat rotting food waste, metabolizing it into fats and proteins. In turn, the insects can be turned into food themselves for fish and animal feed, replacing products like soy, the cultivation of which causes widespread deforestation. Founded in 2015 by a group of students at the University of Cambridge, Entomics has raised €1.9 million to date, including an $800k seed round in April.

conundrum-logoConundrum AI uses machine learning for industrial applications, including to predict and explain failures of equipment to prevent downtime and decrease maintenance costs; predict, detect and explain quality issues in real time during production quality control; and to optimize production. The startup currently focuses on industries including pulp and paper, metals and mining, oil and gas, chemicals, and pipes manufacturing. Founded in 2017, the startup raised $1.5 million from Austria-based Speedinvest in February of this year.

vivido-logoVividQ is a deep tech startup making 3D holography a reality, developing software that enables commercial applications of holographic display in AR/VR headsets, smart glasses, automotive head-up displays, gaming, and consumer electronics. Overcoming the lack of depth perception – a key problem in AR/VR immersion – its displays offer an absorbing 3D experience without the need for optical tricks. Founded in 2017, VividQ’s co-founders include engineers, mathematicians, and computer scientists from the University of Cambridge, Oxford, and St. Andrews. The startup raised €580k from London-based Sure Ventures in April.

By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!

Berlin-based CoachHub raises €6 million to become Europe’s leading provider of online coaching for businesses

CoachHub, a German startup that allows all employees at a business access coaching previously only available to top executives, has raised €6 million to fuel its growth. HV Holtzbrinck Ventures, Partech, and Speedinvest x participated in the round. The growing coaching market currently consists of 53,000 coaches worldwide. BetterUp, a US-based rival CoachHub, recently raised a $103 million Series C.

Launched in 2018, CoachHub coaches cover fields like time management, stress management, and leadership skills. Companies invite employees to the digital coaching platform, where an A.I.-based matching system suggests three business coaches that perfectly fit the employee’s individual requirements.

Coach and coachee communicate directly via the CoachHub app on a smartphone or the web. Coaching usually takes place via biweekly video calls, and e-learning tasks are available to provide further personal development. At any time, employees can communicate with their coach via an integrated chat function.

Berlin-based CoachHub’s coaching pool currently consists of more than 300 qualified coaches worldwide, coaching in around 30 languages. Businesses that use CoachHub not only benefit from being able to provide their employees with high-quality professional development, but many employees see it as a real perk of their job.

More than 100 well-known companies, including major corporations such as Generali, Cargill, Hanseatic Bank, numerous DAX-listed companies, and innovative tech companies such as SoundCloud and HelloFresh, already use CoachHub.

With the fresh capital, CoachHub is now on its way to establish digital coaching throughout Europe, helping managers and high-potential individuals achieve top performance.

CoachHub founder and managing director Yannis Niebelschuetz stated: “CoachHub allows our customers to turn organizational challenges into opportunities. Coaches can be provided and scaled effortlessly throughout global corporate groups, meaning that effective coaching becomes measurable and affordable. With this investment, we’ll continue advancing our technology and significantly expand our global pool of coaching experts. Our rapidly growing team of 50 employees is delighted to provide this great innovation to people all over the world.”