BonitaSoft Raises $13M Series C For Its Open Source Business Process Management Solution
BonitaSoft, a provider of an open source business process management (BPM) solution, has raised a $13 million Series C round led by the FSN PME Fund, a French government initiative to invest in technology companies to help them scale globally. Also joining the round are previous investors Ventech, Auriga Partners, and Serena Capital. The new funding round brings the total raised by the company to just over $28 million since being founded in 2009, and follows an $11m Series B in late 2011. BonitaSoft is headquartered in Grenoble, France — hence the French government’s backing — although it also has a U.S. office in San Francisco where I’m told CEO Miguel Valdes Faura spends half his time, as well an another office in Paris. It operates in the BPM space, competing with the likes of Pegasystems, Appian, LongJump, and a number of other open source players. Companies use BPM software to automate their processes, particularly where these operate at the intersection of machines and people. ...
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Help Is At Hand As Telefonica Makes Its First Wayra-Incubated Investment: Taskhub, A TaskRabbit For Volunteers (And Making Money)
Telefonica has been operating its Wayra Academies to seed fund and mentor startups in Latin America and Europe since April 2011; and in a signal of how Telefonica hopes to tap into that talent in the future, today the carrier has made its first-ever follow on investment on one of those business. Taskhub, a TaskRabbit that lets people volunteer as well as take paid jobs, has taken a six-figure sum from Telefonica, plus a commitment to integrate Taskhub into its own location-based mobile business later this year. Taskhub, like TaskRabbit and Milk.ly in Europe, is an online marketplace that lets users outsource jobs or errands to individuals or small businesses. Taskhub’s differentiation comes in how it pitches this towards communities and volunteering, which gives it a public-service angle on top of the financial one. It has been in private beta since October 2012. Today it is opening to the public, although it’s still remaining invite-only for the next few weeks, with early users each ...
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The Europas — The European Tech Startup Awards — Is Back. Get Nominating.
Since 2009 I have thrown together a little celebration of the technology startup scene in Europe. It started out very simply as an opportunity to get the best minds on the business to pour over the scene, pick the companies and people they thought were doing amazing things and give them some public recognition and praise, with a real celebration. So to that end The Europas - The European Tech Startup awards - have proved a great opportunity to come together as a community. They've recognised and rewarded the hardest working people and best startups in Europe. We've awarded everyone from Soundcloud to MindCandy, Peer Index, Nordeus, iZettle, Spotify and Betfair. But with the enormous growth of the scene in the last couple of years, this little side project of mine has become much bigger than just one person. Over the past two years there’s been a surge in the quality of tech events in Europe. From Pioneers to Le Web, DLD and of course The Web Summit. While last year's Europas Awards saw ...
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EU struggles to keep Eurozone intact, stave off economic collapse
At a European Union summit, France and Germany hold fast to dueling approaches to Europe's fiscal woes even as fears grow of Greece's exit from the euro club. LONDON — With investor confidence draining away and the value of the euro plunging, Europe struggled anew Wednesday to come up with a united game plan to keep its currency union intact and its economies from collapsing.
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