Automated payment platform Payaut scores €1 million
Offering automated and verified payment processes to online businesses, Payaut has received €1 million in funding from LocalGlobe, Finch Capital and other players from the finance and payments industry. Compliant to the new “know your customer” PSD2 regulations, Payaut technology is also able to use multiple Payment Service Providers (PSPs). Current clients include boat-sharers Barqo and entrepreneur insurers SharePeople. The startup is also in talks with investors about closing a large seed fund in the coming months.
Eyewear brand Ace & Tate gets additional €14.25 million in early VC funding
Bringing their total funding to €57.5 million, Ace & Tate received €14.25 million in a round led by existing investor Rinkelberg Capital LTD. The Amsterdam-based direct-to-consumer eyewear brand will use the money to open stores in new European markets, advance their online technologies such as their Virtual Try-On service, and invest further in becoming a more environmentally responsible company. Having had their first profitable months in 2019, the company hopes to double their revenue in the coming two years.
Women-led ed-tech startup Wizenoze receives €4 million to expand internationally
Self-described as a “car wash for the internet”, Wizenoze uses AI-driven technologies to give young students better access to high-quality educational information on the internet – and thereby answering the current demand for home schooling. With a mission to reach 1.5 billion students worldwide, the company plans to use the money to improve their tech while rolling out their ‘Web for Classrooms’ products in the UK, Middle East and APAC. Wizenoze’s latest growth-stage funding of €4 million was led by Partners in Equity, along with Amsterdam-based VC CapitalT and its existing investors.
Online learning platform StudyTube shooting to the top with €10 million
Backed by €10 million from Norwegian investment company Verdane, StudyTube is now closing in on its goal of being in the top three of European learning and development companies. Ranking in the top 50 of fastest growing tech companies in the Netherlands, StudyTube’s all-in-one learning platform provides companies and governments with customised training content, vast educational resources, and built-in management tools that track progress. With their new partners Verdane, the company hopes to continue their exponential growth.
Open Social gets €1.25 million to take on Facebook
Regarded as a competitor to Facebook Workplace, Open Social scored €1.25 million to answer the increased need for communication and collaboration solutions – by providing real-time interaction for these self-isolating times. The money comes from seasoned Amsterdam VCs Peak Capital and Nimbus Ventures. Offering an open source SaaS platform for building communities, the startup proved themselves by building award-winning platforms for the likes of the United Nations and Greenpeace. The company plans to use the investment to scale their services to more international clients by gaining more talent and developing new technologies.
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