Ingrid Lunden / TechCrunch:
Atomico: European startups are on track to raise $85B in 2022, down from $100B+ in 2021; the European tech industry lost ~$400B in value, dropping to $2.7T — Startups across Europe are on track to raise $85 billion in funding this year — a drop of $15 billion on 2021 levels …
Ingrid Lunden / TechCrunch:
Barcelona-based Factorial, which offers HR tools for SMBs, raised a $120M Series C led by Atomico at a $1B valuation, up from ~$500M in September 2021 — Small and medium businesses, long overlooked in the building of innovative technology, have lately become a key focus in the world of B2B software.
Financial Times:
Sources: Chinese online fast fashion retailer Shein has been valued at $65B to $85B in private markets in recent months, down from $100B+ in April 2022 — Fast-fashion retailer popular with Gen-Z shoppers has been valued at $65bn-$85bn in private markets — Chinese fast-fashion retailer Shein …
Kate Clark / The Information:
Bessemer Venture Partners raised $4.6B for two new funds in August: $3.85B for young startups, the firm’s biggest fund to date, and $780M for PE buyouts — Venture capitalists aren’t striking many deals with tech founders these days. Initial public offerings are nonexistent and public tech stocks …
Ingrid Lunden / TechCrunch:
Spot AI, which offers a cloud-based analytics system to “read” security footage and offer insights, raised $40M, bringing its total funding to $63M — CCTV and other kinds of security cameras have a strong big brother vibe, but for many of us that may be because we don’t really understand …
Julia Love / Bloomberg:
Research: the US tech industry shed 9,587 jobs in October, the highest since November 2020; in 2022, 104K+ startup workers have lost jobs, up from 81K in 2020 — Job cuts in the technology industry are accelerating, nearing levels seen in the early stages of the Covid-19 pandemic …
Ingrid Lunden / TechCrunch:
Milan-based Satispay, an independent payments network that bypasses banks and credit card companies, raised a €320M Series D led by Addition at a €1B+ valuation — More signs that the economy is slowing down in Europe, and that costs are going up, are driving merchants and consumers …
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