[TL;DR] Tech news that you shouldn’t miss this 02/13
Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (constant acronym) (21st century) : initials of “Too long; didn’t read “,
either literally ” too long ; not read ”
1. (Internet) To express that the message that was sent was not read because it was too long
2. (Internet) To express that the following is a summary of the text too long
41 million euros for Back Market which wants to face Recommerce and the German reBuy. The French start-up is developing a marketplace for refurbished electronic products (smartphones, computers, televisions, household appliances, etc.).
Why this is important: Back Market has just completed a second round of funding of 41 million euros with Eurazeo and the Arnault group. As we announced last March, Back Market wants to export its model across the Atlantic. In this context, the young shoot has opened an office in New York with a dedicated team. Present in France, Germany, Spain, Italy and Belgium, the platform must reinvent itself to adapt to the American market. “consumer mentality is not at all the same as in Europe», Says Thibaud Hug de Larauze, co-founder and CEO of Back Market. In the electronic product refurbishment market, competition accelerated in a few months. The French Recommerce raised 50 million euros in February while the German reBuy completed a round of funding of 21 million euros in March.
Toyota is injecting $ 1 billion into Grab, the VTC giant in Southeast Asia. Grab continues to gain momentum after taking over Uber’s business in Southeast Asia.
Why this is important: According to TechCrunch, this operation now values the company at more than $ 10 billion, or $ 4 billion more compared to its valuation obtained during its round of funding of $ 2 billion, carried out in July 2017 with the Chinese Didi Chuxing and Japanese SoftBank. In exchange for its investment in Grab, Toyota will obtain a seat on the company’s board of directors and the possibility of placing one of its executives on the executive team of the Singaporean giant. With the support of Toyota, Grab intends to strengthen its dominance in Southeast Asia. To do this, the two groups will deepen their existing collaboration on connected car technologies.
Kry is raising 53 million euros to deploy its telemedicine platform in France and the United Kingdom. The Swedish startup, which has raised 78 million euros in total, claims 350,000 teleconsultations in two years.
Why this is important: Kry is an application available on mobiles and tablets, offering video consultation. The company promises easy access to healthcare professionals in less than 15 minutes and has recorded more than 350,000 consultations in less than two years. The priority of this new financing is given to the international expansion of the service: the company indicates that it wants to use this investment to “Strengthen its international teams and pursue its geographic development, particularly in France and the United Kingdom. “ But it will also be a question of expanding the medical offer on the existing markets, currently made up of Sweden, Norway and Spain.
Adyen goes public and sees its share climb 100%. The payment company signs the largest listing in history on Euronext Amsterdam.
Why this is important: The unicorn saw its share price climb 100% to 480 euros, compared to its IPO price of 240 euros which was to value the company at 7.1 billion euros. Adyen’s success has had a boomerang effect on other companies in the sector as observed Reuters. The share of the payment group Ingenico thus recorded one of the strongest increases of the Stoxx 600 at + 4.83%. On the side of observers, some wonder if the valuation of Adyen is not overvalued at the risk that the company will disappoint the markets very quickly, while others believe that it corresponds to the solidity of the company.
Opendoor raises $ 325 million to reinvent real estate sales. The American start-up offers owners to buy their property to resell it without going through a real estate agency.
Why this is important: The American start-up Opendoor, which wants to simplify the real estate sale, has completed a funding round of $ 325 million led by Access Technology Ventures, Lennar Corporation and General Atlantic, which has the particularity of investing only in companies that have an internal growth rate more than 20% per year. This new round of funding should enable Opendoor to gain a greater foothold in the American market. The start-up hopes to expand into around fifty cities by 2020. This expansion will be accompanied this year by a doubling of the workforce, which now stands at 650 employees.
E-health: Follow achieves an initial fundraising of one million euros. West Web Valley and Kima Ventures, the Xavier Niel, are among the investors.
Why this is important: Launched a little over two years ago, the company designs online medical software (SaaS) allowing physicians to monitor the progress of their patients and optimize their consultations. by specialty. With its online medical software, the start-up wishes to meet the expectations of health professionals tired of old software. With this lifting, Follow wishes to accelerate the deployment of its solution, increase its sales force, go further with the product and develop new specialties.
Hupworkair raises 650,000 euros to get its aeronautical recruitment platform off the ground. The startup, created in 2016, completes this second fundraising campaign with BPIfrance and several business angels.
Why this is important: Hubworkair, a startup founded by Romain Rochet and Yoann Huang, presents itself as “The first headhunting platform with a matching and scoring algorithm in the aviation sector”. This funding aims to accelerate the development of the startup, whose declared ambition is to become a leader in the recruitment of aeronautical profiles ”. This acceleration requires the recruitment of new talents and deployment in Europe.
Sensome, 4.6 million euros to better treat stroke. Strokes cause more than 30,000 deaths per year in France.
Why this is important: Founded in 2014 by Abdul Barakat and Franz Bozsak, Sensome is developing technology to identify biological tissues in real time. With this funding round, Sensome plans to launch its first connected device dedicated to the treatment of stroke. “This funding round will allow us to carry out a clinical trial and launch Clotild on the European market, but also to explore new applications of our technology.», Says Franz Bozsak, co-founder and president of the start-up based in Palaiseau. Subsequently, Sensome’s technology can be deployed in other medical fields, such as interventional cardiology or oncology.