Born in the pandemic, Moonfire’s first $60M Seed fund will combine remote investing with big data

During the pandemic, we’ve seen the rise of ‘Zoom investing’ – where VCs literally use remote video conference tools like Zoom and Google Meet to take pitches from entrepreneurs. Now a new European Seed fund plans to leverage that emerging behavior and bake it into their model. Mattias Ljungman, the former co-founder of Atomico formed Moonfire when he left in December 2019, but few details were revealed about his new operation. Today Moonfire reveals it will be a $60 million seed-stage “data-driven” VC that will also leverage the new advantages of remote working which entrepreneurs themselves have had to adapt to. Admittedly Ljungman didn’t have much choice. Starting in January… Read More

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Could NFT auctions be moving away from Ethereum? One new group is betting they will

NFTs were arguably already taking off when Beeple sold his NFT artwork for $69m. But another crypto project attracted attention when it bought an original Banksy artwork for $95,000. The group literally burnt the artwork and sold its NFT on the OpenSea platform for $400,000. Although the stunt was covered by CBS News, BBC News, The Guardian, and others, it did actually make a significant point. By removing the physical piece, the group – calling itself “Burnt Banksy” – proved that the value of the piece wasn’t affected by being destroyed, given that the NFT went up so much in value. Now that project is turning that stunt into an… Read More

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Here’s an exclusive look at the pitch deck European venture capitalist Mattias Ljungman used to raise a $60 million fund

Summary List Placement Technology founders in Europe looking for seed-stage funding have a new option on the table: Venture capital firm Moonfire Ventures. Moonfire is the latest vehicle from Mattias Ljungman, a longtime investor who previously set up another European venture capital firm, Atomico, with Skype billionaire Niklas Zennstrom. Ljungman announced his departure from Atomico in 2020, and announced Moonfire’s first $60 million fund on Thursday. His new firm will focus on smaller, seed-stage startups and primarily write checks to founders between $1 million and $1.5 million, and smaller checks where it decides to invest earlier. Atomico, by contrast, mostly backs later Series A rounds. Ljungman told Insider that European… Read More

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Leaked financials: Sequoia-backed grocery delivery unicorn Getir is in talks to raise a pre-IPO round at a $7 billion valuation

Summary List Placement Apps that promise grocery deliveries in as little as 10 minutes are capitalizing on enthusiastic investor appetite for the sector. Turkey’s Getir, founded in 2015, is in discussions for a fresh fundraise at a $7 billion valuation, Insider understands. The company announced a previous fundraise only last month at a $2.6 billion valuation, led by Facebook investor Sequoia, as well as a Series B round in January. The company is in early talks with investors to raise at least $100 million in a funding round that is being marketed as a pre-IPO raise, according to copies of documents seen by Insider. Two sources with knowledge of the… Read More

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A 5-step plan for creators in choosing the best influencer agencies and talent managers that will boost their careers, according to experts

Summary List Placement As content creators begin to draw higher audience numbers and gain the attention of advertisers, many influencers have to make big decisions about whom to partner with to help manage their careers.  From talent-management agencies to individual managers and agents, influencers need to distinguish which options will work best for them.  While an agent in the US typically has to be licensed to negotiate deals, managers take on a more holistic role and deal with the wider support of a client’s brand and image, as well as reaching out to relevant agencies and brands, as explained by the website StageMilk, an acting resource. Both agents and managers… Read More

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The Nintendo Switch can’t be stopped

Nintendo Switch sales fuel full year profits. | Photo by James Bareham / The Verge Nintendo Switch sales were up 44 percent percent from January to March compared to the same pandemic-impaired quarter from a year earlier. Today’s numbers bring total Switch sales to 28.83 million for the fiscal year, up 37 percent compared to the 21 million Switch consoles the company shipped the year prior, and beating the company’s own revised forecast. In February, Nintendo raised its annual forecast to 26.5 million Switch units for the fiscal year ending March 31st on the strength of increased demand during the COVID-19 pandemic, a number that had already been raised from… Read More

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10 things in tech you need to know today

Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here. Summary List Placement Let’s get started. 1. Facebook’s Oversight Board issued a scathing criticism of the company. The board upheld the platform’s suspension of Donald Trump but asked Facebook to review the decision, saying Facebook “seeks to avoid its responsibilities” by asking the board to resolve the case. More on the board’s decision. 2. Two attorneys in Bill and Melinda Gates’ divorce also worked on Jeff Bezos’ split in 2019. The divorce settlement could be one of the largest ever with Bill Gates’ net worth at an estimated $146 billion. Details on… Read More

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Autonomous trucking startup Einride raises $110M ahead of expansion into US

Einride, the Swedish startup known for its unusual-looking electric and autonomous pods that are designed to carry freight, has raised $110 million to help fund its expansion in Europe and into the United States. The Series B round, which far exceeds its previous raises of $10 million in 2020 and $25 million in 2019, included new investors Temasek, Soros Fund Management LLC, Northzone and Maersk Growth. The company said Thursday that existing investors EQT Ventures, Plum Alley, Norrsken VC, Ericsson and NordicNinja VC also participated in the round. Einride has raised a total of $150 million to date. The company didn’t share its post-money valuation. The company, founded in 2016… Read More

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Shift Technology raises $220M at a $1B+ valuation to fight insurance fraud with AI

While insurance providers continue to get disrupted by startups like Lemonade, Alan, Clearcover, Pie and many others applying tech to rethink how to build a business around helping people and companies mitigate against risks with some financial security, one issue that has not disappeared is fraud. Today, a startup out of France is announcing some funding for AI technology that it has built for all insurance providers, old and new, to help them detect and prevent it. Shift Technology, which provides a set of AI-based SaaS tools to insurance companies to scan and automatically flag fraud scenarios across a range of use cases — they include claims fraud, claims automation,… Read More

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PUBG owner teases a new Battle Royale mobile game for India

South Korea’s Krafton Inc — rights holders of the PlayerUnknown’s BattleGround (PUBG) game — released a teaser for a new game called Battlegrounds Mobile India specially made for the country. Last September, the Indian government banned PUBG and 118 other Chinese apps over data security concerns. The IP holding company tried to distance itself from China-based Tencent, the distributors of the game in India, in order to get the ban lifted. Two months later, Krafton said that it aims to bring the game back in the country in some form. The firm also pledged to invest $100 million in the local gaming community. We… This story continues at The Next Web …read more Source::… Read More

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