[TL;DR] Tech news that you shouldn’t miss this 03/19
Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read “,
or 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
Ermeo is raising 2.5 million euros to support technicians during maintenance operations. With its solution, Ermeo wants to put an end to the colossal waste of technicians’ time handling intervention manuals and filling out paper forms.
Why this is important: The company estimates that it offers a productivity gain of 25% to 50% during technician maintenance operations. To date, the Paris-based start-up has around forty major account customers, including SNCF, Total, Engie, Sodexo and Eiffage. This funding round should enable Ermeo to consolidate its position on the French market this year. Subsequently, the company plans to expand internationally, from 2019, particularly in Europe, the United Kingdom and Germany, but also in the United States.
Made.com raises 45 million euros to accelerate its growth in the sale of furniture online. The company announces a turnover of 143 million euros in 2017 and an annual growth of 40%.
Why this is important: The company also takes this opportunity to announce the appointment of Adrian Evans as CFO. The latter joined Made.com after a career within the Yoox Net-a-porter group. Made.com claims a product line that has grown by 40% since early 2016 for a total of 3,500 products, and an average of two new collections launched each week. The company is managed by Philippe Chainieux, former CEO of Meetic.
Alibaba is injecting $ 2 billion more into Lazada to expand into Southeast Asia. Lazada claims 560 million customers in Southeast Asia.
Why this is important: Now with $ 4 billion injected into Lazada, Alibaba intends to strengthen its hold over its Singaporean subsidiary. This Alibaba offensive outside Chinese borders should enable it to find new sources of growth to continue to boost its growth but also to challenge Amazon’s hegemony internationally. Because if Alibaba still generates more than 80% of its turnover thanks to its various sales platforms, the Chinese group must prepare for a lower increase in its profits due to the slowdown in the growth of the Chinese economy.
N26 raises 110 million euros to launch in the United States. The German mobile bank claims more than 500,000 customers in 17 European countries.
Why this is important: The official launch of the Berlin neobank across the Atlantic is scheduled for next June with the opening of an office in New York, where at least eight employees will be based. The news was announced to employees of German FinTech last week by Valentin Stalf, co-founder and CEO of N26. “We are now ready to expand and dominate the US market“, did he declare. Besides the United States, mobile banking is also planning to launch in the United Kingdom before the end of the year. Among the jungle of neobanks which never cease to flourish, N26 must in particular face the British Revolut, which claims 1.5 million users.
Ornikar raises 10 million euros to give new impetus to its online driving school. The company will also expand its offer to sell cars and young driver insurance.
Why this is important: The start-up speaks of this fundraising as “of a decisive turning point“And”a nice revenge“. The history of Ornikar has indeed been punctuated by lawsuits, in particular from associations and unions for learning to drive which were opposed to this model of teaching. Present in 250 French cities, it intends to extend its services to other European countries by the end of the year. In France, Ornikar is targeting 15% market share by the end of 2018.