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French Georges.tech becomes Indy and raises $42.5 million

 Lyon-based Indy, a SAAS startup, has raised $42.5 million in Series B financing. The round was led by Singular, with participation from Alven Capital and Kerala Ventures.  Founded in 2016 by Côme Fouques, Pablo Larvor, Adrien Plat and Romain Koenig,

German drone startup Wingcopter closes a $22M Series A round

Wingcopter, a developer, manufacturer and operator of unmanned delivery drones, has raised $22 million in a Series A funding round led by Silicon Valley-based Xplorer Capital and Futury Regio Growth Fund, a Germany-based growth capital fund. Futury Ventures and Hessen

Austrian startup QuickSpeech raises €500k for its learning app

Edutech QuickSpeech has raised €500,000 from the construction company Porr, business angel Nathalie Karré and the Austrian Research Promotion Agency, der brutkasten writes. Launched in 2018, QuickSpeech is the mobile learning app designed for corporate needs. It offers tailored to

VC firm APX secures funds from Axel Springer and Porsche to invest in early-stage startups

Berlin-based investor APX has raised additional funds from its two backers – media and tech company Axel Springer and sports car manufacturer Porsche, bringing its total investment potential to €55 million, the fund told in a press release. It also

Tomorrow’s Education lands €1.1M for the development of its e-learning platform

Berlin’s edtech startup Tomorrow’s Education has raised €1.1 million in a pre-seed funding round led by a British early-stage fund Emerge Education, EU-Startups reports. Tomorrow’s Education is developing a mobile-first learning platform for students all around the globe. Unlike the

Grammarly releases GEC dataset for the Ukrainian language

A Ukrainian company Grammarly, which develops tools for working with texts, has presented the first annotated GEC dataset for the Ukrainian language. The company’s press service has informed AIN.UA about it. What is UA-GEC dataset GEC dataset is an array

Berlin-based Elinvar closes a €25M round to scale its multi-tenant platform

Wealthtech Elinvar has raised €25 million in a funding round led by a London-based multi-asset alternative investment management firm Toscafund Asset Management. Previous investors Ampega Asset Management, finleap and Goldman Sachs also participated in the round, the company said in

Lyft confirms the hiring of developers in Ukraine. There are no plans to start the service here

In January 2021, the American ridesharing company Lyft (Uber’s main competitor in the U.S.) started looking for technical staff in Kyiv. However, as the company told AIN.UA, it does not mean the launch of the service in Ukraine. Now the

Lerta raises $2M to develop the virtual power plant

Poznań-based Lerta, a company developing modern technological solutions for the energy sector, has raised $2 million. Photon Energy, a global provider of solar power solutions and services, has invested over $1 million and acquired 12% of Lerta’s shares. It is

Polish customer service automation solution PAPU.io lands $990k

Poznań-based startup PAPU.io has received $990k in a seed round from PKO VC and RKKVC funds, MamStartup writes. Founded in 2018 by CEO Emil Konrad and Michał Strecker, PAPU.io is a POS system that automates processes related to the delivery