Partech Newsletter: 45 million, carbon-neutral fashion 🌎 and innovation for deaf people 👧
You can almost hear a palpable collective sigh of relief as 2020 draws to a close. We all have much to reflect upon after this unusual year.
In the 2020 context of uncertainty, - as we already said before but it's important to highlight it - we have been impressed by the reactivity and determination shown by our entrepreneurs. They adapted quickly and are continuing to do so daily. Business creativity, ingenuity and smart solutions are more important than ever. Let's think about it and foster this agility in our companies.
Without further ado, let us present our latest news now with a newbie: Material Exchange, recent fundraising rounds, and exciting developments around the world.
Warmest wishes for a wonderful holiday season! 🎄🎁
Stay cool, stay strong & stay safe!
The Partech Team
Material Exchange joins our Portfolio
Material Exchange, which created a digital and sustainable solution for fashion industry supply chain, raised $6M in a new funding round led by Norrsken VC and Partech. There was also investment from Inventure, Day One Capital, and Lyra Ventures. These new funds will help Material Exchange scale up their solution to match the increase in demand due to the pandemic.
See it in Color
$40 Million raised and brand new products 👀
Ava: released 2 new products and raised $4.5 Million
Ava, the world leader in technology for deaf or hard of hearing people, released their cutting-edge products: Ava Scribe and Ava Closed Captions, which help those most challenged by the pandemic. In addition, Ava has also revealed a raise of $4.5M in a round co-led by Initialized Capital and Khosla Ventures.
Getsafe: $30 Million
Getsafe, Germany's leading digital insurer, announced a $30M Series B funding round. The round was led by Swiss Re’s iptiQ with participation from exisiting investors such as Earlybird and CommerzVentures. The fresh funding will be vital for Getsafe's ambition to obtain its own insurance license by mid 2021. This will consolidate their position as the market leader and will allow them to further their expansion in Europe.