Long-Distance Power Solutions Expand in Tanzania: WattAnyWhere, Razor, Lakestar, Bind-X, and Bayes Esports Incorporated
In the vibrant world of European startups, significant developments are underway. Here's a roundup of some of the latest news:
The Ambitious Air Mobility Group (AAMG) has announced a 20 million euro investment in WattAnyWhere, a company specialising in wireless power transfer solutions. This investment is set to propel WattAnyWhere towards new heights in their innovative field.
Meanwhile, the job market for startups and companies is buzzing with opportunities. A quick glance at the job board reveals a plethora of vacancies across various sectors.
In the realm of startups, a host of newcomers have made their debut. Culah, Commutator Studios, Notivo, mentcape, stagewise, Stackgini, Yugen Space, StrategyFrame, Moyaflow, LemonDocs, NormKI, diamics, helpcode.ai, Hive Robotics, and Shiny are among the latest additions to the startup landscape.
Investments are flowing freely, with Fernride receiving an 18 million euro injection from Helantic and several prominent dual-use investors. Tangany, a company focusing on digital asset custody solutions, has secured a 10 million euro investment from Baader Bank, Elevator Ventures, Heliad Crypto Partners, Nauta Capital, and the High-Tech GrΓΌnderfonds (HTGF).
The Berlin-based Razor Group, an Amazon shop buyer, is merging with the American e-commerce company Infinite Commerce. This merger promises to create a formidable force in the e-commerce sector.
The Berlin-based startup recoupling, which offers couple therapy via app, is taking over its Berlin-based competitor Together. This merger could pave the way for a more streamlined and comprehensive service in the digital therapy space.
On the flip side, several companies have faced financial difficulties. The BioTech company Bind-X from Martinsried near Munich, the Berlin-based esports data company Bayes Esports, and the Berlin-based D2C company Heatle are all reported as insolvent.
The Beumer Group, a manufacturer of sorting and transport systems, has expanded its portfolio by taking over the two companies Codept and Elara, each created in its own company builder Beam.
Lastly, the Swiss venture capital firm Lakestar has announced the final closing of its first continuation fund with a substantial 228 million euros.
Mark your calendars for November 5th, as the StartupLAND event is scheduled to take place, promising a day filled with insights, networking, and inspiration for the startup community.
