P2P Currency Exchange TransferWise Raises $6M Led By Peter Thiel's Valar Ventures, With Participation From SV Angel, Others
Here's some encouraging news for the European startup scene, and London in particular. TransferWise, the online currency exchange that uses the crowd to undercut traditional money transfer services, has announced that it's closed a $6 million series A round led by Peter Thiel's Valar Ventures -- the first investment in Europe by the PayPal co-founder and early Facebook investor's international fund.
German Finance Minister Puts Focus on Unemployment
Speaking at an investment conference in London, Wolfgang Schäuble cited joblessness among young people as Europe’s biggest problem.
Nordic VC Creandum Closes Its New €135M Fund Targeting 25-30 Seed To Series A Investments
More VC money sloshing around Europe. Creandum, the Stockholm-based VC best known for its early investments in the likes of Spotify and Videoplaza, has closed its third fund at €135 million (~$177m), laying claim to being the biggest technology venture capital fund in the Nordics.
Xeneta Raises $1.6M To Crowdsource Price Comparisons For Sea Freight
Xeneta, which offers a crowdsourced price comparison service for sea freight, has raised a €1.2 million (~$1.6m) seed round led by the Stockholm VC Creandum, with participation from Norwegian private investment firm Alden. The new funding will be used to expand into new markets, specifically adding to the breadth of coverage for its comparisons in terms of the number of "trade lanes" in and out of Europe. Up until now, the 2012-founded company had been bootstrapped.
Max Niederhofer Jumps From Accel To Sunstone As A Partner To Focus On The Series A Crunch
In a widely rumored move, serial entrepreneur and investor Max Niederhofer has left his Vice President position at Accel Partners in Europe but not - as some thought - to create another startup, but to join another VC firm. This time, however, he will be a full venture partner with Sunstone Capital working out of Copenhagen. He will focus on early stage technology investments and support existing companies in Sunstone’s portfolio.