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The Climb #4 - 3D sensors, overlooked founders, super-apps and more 🔥

Hi everyone, hope you're having a great week so far. Here is a roundup of VC and tech news of the las
The Climb #4 - 3D sensors, overlooked founders, super-apps and more 🔥
By Ghislain de Buchet • Issue #4 • View online
Hi everyone, hope you’re having a great week so far. Here is a roundup of VC and tech news of the last 15 days that should help you stay busy in those endless commuting hours!
In this issue, we’ll discuss 3D sensors, overlooked founders and super-apps among other buoyant topics. 🔥
Make sure to hit reply or DM me to send me your feedback!

France-based Flying Whales bagged €30m to disrupt freight transport
France-based Flying Whales bagged €30m to disrupt freight transport
🥖 Major funding rounds in France
> Provider of a predictive data analysis software platform Dataiku is valued at $1.4bn after the acquisition of a portion of Serena Capital’s shares by GoogleG. But what is Dataiku’s secret sauce?
> Freight transport disrupter Flying Whales bagged €30m from ADP, Bouygues and Air Liquide. The company develops a rigid airship, 154m long and with a cruising speed of 100 km/h, designed for the timber skidding, freight and exceptional transport markets. 
> Intercloud grabbed a €22m equity funding led by Orange Digital Ventures. The firm provides an end-to-end turnkey solution that enables companies to simplify their infrastructure, offering them greater visibility and control over their multi-cloud applications.
> Fintech startup Qwil raised €22m to provide financing to freelancers and SMEs as part of a round led by US-based VC PeakSpan.
> Outsight landed a €18m seed round led by Demeter Partners. The startup has developed the 1st 3D semantic camera, a device that can both perceive and understand the environment. The all-in-one 3D sensing solution is designed for mass-production and aims at being implemented in wide-area premises (airports, malls, etc.) and vehicles (automated cars and off-road mobile robots).
> Yubo, a social platform for Gen Z has raised a €11.2m round led by Iris Capital and Idinvest Partners with existing investors Sweet Capital (Swedish VC firm financed by King.com founders), Village Global and Alven Capital also participating. The app has over 25m users mainly located in the US, Canada, the UK, Nordics, Australia and France. The new funds will be used to focus on Japan and Brazil.
> Other funding rounds include biotech Aelis Pharma, B2B marketplace Ankorstore, cybersecurity solutions provider for telcos Araxxe, marketplace for used vehicles CapCar, telehealth platform Deeplink Médical, machine-learning solutions provider Dreamquark, network automation and security company EfficientIP, store mapping specialist Evermaps, online grocery startup Jow, real estate optimizer MyTraffic, anti-pollution face masks developer R-Pur, ecological dry cleaning network Sequoia, smart remote developer Sevenhugs, and insurtech Seyna among others.
⚡ Other hot moves in France
> 3D image printing specialist Pops signed a partnership with Snap to integrate its solution into Snapchat and connected glasses Spectacles. The French company generates 90% of its revenues in the US and now targets the European market with its unique patented technology.
> Benoist Grossmann, Managing Partner at Idinvest, replaces Jean-David Chamboredon as co-head of France Digitale alongside BlaBlaCar’s CEO Frédéric Mazzella.
> French crowdfunding platform Sowefund created its fundraising service Sharpn to intermediate Series A ranging from €2m to €5m.
> None of Techstars Paris’ six corporate partners should renew their contract signed with the American accelerator. The structure is actively exploring options to remain operational in the French capital.
🌍 European champions
> German platform that connects insurance providers, distributors and customers Wefox grabbed $110m in a second tranche of Series B funding that values the company at $1.65bn. The insurtech company already operates in 5 countries among Europe and will use the money to continue ramping up international expansion.
> Belgian business software scaleup Odoo raised $90m in a round led by Tier-1 American growth equity firm Summit Partners to continue global expansion.
> Swiss health insurtech Dacadoo raised a €64m Series C to continue developing technology solutions for digital health engagement and health risk quantification.
> London-based mobile marketing engine Ogury raised a $50m C round led by Idinvest Partners. The round includes an undisclosed amount of secondary shares and debt.
> The $575m Amazon-Deliveroo deal closed last May is at risk after the UK CMA (Competition and Markets Authority) declared the operation “in its form” would harm competition in the online food delivery and grocery markets.
> German foodtech giant Delivery Hero expands to Asia with the $4bn acquisition of South Korea’s top food delivery app Woowa.
🤝 Fellow backers
> Milan-based United Ventures raised a new €120m fund to back Europe-based early-stage startups.
> Israel-based Peregrine Ventures, a VC firm focused on medtech, has raised $115m for its fourth fund.
> Jambu Palaniappan, former head of Uber Eats EMEA and former executive-in-residence at Atomico, joined Omers Ventures as Managing Partner in Europe. The firm is currently investing a €300m fund in European technology startups.
> Newbie London-based seed-stage Ada Ventures, has closed its debut fund with $34m. The investment firm aims at funding “overlooked founders and markets” to curb inequalities in VC. Partner Francesca Warner tells us more about Ada’s background and plans here.
> Atomico disclosed the second batch of its Angel Programme. The VC firm has given 15 new angels $100k each to invest in early-stage startups of their choice. The fresh cohort includes two Frenchies: marketing and growth advisor Maud Pasturaud and French Startupers network’s founder Cedric Giorgi. Roxanne Varza, who took part to the first experimental batch, will mentor the new angels.
> Early-stage investment firm StartersHub announced it will back 60 eastern European startups in the next four years.
🔥 What's up in the East (brief and short)
> China ordered all government offices and public institutions to remove foreign computer equipment and OS in the next 3 years in a move that echoes the efforts of the Trump administration to curb the use of Chinese technology in the US.
> Food and financial services now account for more than 50% of Grab’s GMV. The reduction in the proportion of ride-hailing revenues reflects the company’s strategy to build an “everyday-app based on WeChat’s super-app model.
> China is stepping up its efforts to become a leading nation in autonomous driving. The Ministry of Industry and Information Technology wants 30% of car sales to be autonomous vehicles by 2025.
> Chinese shared space provider UCommune filed with the US securities exchange for an IPO. Citi and Credit Suisse walked away because they could not agree on an achievable valuation with Ucommune. The company that operates 200 locations in 44 cities posted a net loss of $81.4m for the nine first months of 2019 on revenues of $125.3m.
📦 Misc
> The European Battery Alliance, a French initiative joined by 5 other European countries to support the production of electric batteries, has been approved by the European Commission. The project is supported by 17 companies that will invest €5bn in addition to the €3.2bn provided by the States. The initiative should help Europe to catch up with Asia in this highly strategic area and improve the competitiveness of its automotive sector (batteries should account for 40% of an EV’s added value in the future).
> Telefonica Deutschland, Germany’s 2nd largest wireless operator, has appointed Huawei and Nokia to upgrade its network with 5G. The operation must be approved by German authorities. This decision comes at a time when Ms. Merkel is being put under intense pressure from the US and from Germany’s intelligence agencies to take a tougher line on Huawei.
> There is still time to test your tech jargon with Tech Nation’s Advent calendar.
🧮 By the numberz
> $32.4bn is the amount raised through IPOs on Nasdaq this year so far, compared with $26.2bn for IPOs on the NYSE. It is the first time that Nasdaq beats the NYSE since 2012’s Facebook offering.
> 70% of Americans wouldn’t trust a self-driving car but 72% of Chinese would trust one.
💡 Essential content
> How to build a diverse board to turn it into a strategic asset by CEOs of Ripple, SurveyMonkey and Upwork.
> Galion impact solutions: a comprehensive guide listing 40 turnkey solutions for startups who want to improve their environmental, social and economic impact.
> Forbes released its annual Midas List, ranking the top 25 venture capitalists in Europe and Israel.
That's it for this issue.
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-See you in two weeks-
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Ghislain de Buchet

Talking about tech & VC every second Wednesday

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