Silicon Valley is built on immigrant innovation

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

We wound up having more to talk about than we had time for but we packed as much as we could into 34 minutes. So, climb aboard with Danny, Natasha, and myself for another episode of Equity.

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Whew! Past all that we had some fun, and, hopefully, were of some use. Hugs and chat Monday!

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Startups – TechCrunch

New €76 million VC fund Eir Ventures aims to leverage the untapped potential of health care innovation in Europe

The Life Science venture fund Eir Ventures today announced a first closing of its new fund of €76 million. With a strong base in the Nordic region and a team of experienced life science investors, Eir Ventures will invest in innovative European companies with products and technologies addressing significant unmet medical need and a potential to improve the life of patients. The fund is launched with support from a investor syndicate comprising Saminvest, the European Investment Fund (EIF), Vækstfonden, Novo Holdings, as well as additional private investors.

Eir Ventures has been set up by an experienced team of life science investors, including Magnus Persson, Stephan Christgau, Andreas Segerros as the Managing Partners, and Amanda Hayward as Special Partner. With offices in Stockholm and Copenhagen, Eir Ventures will invest in high return potential opportunities in the Nordics, Europe and the US. The fund will have a particular focus on innovations from the leading universities and incubators in the Nordics and has established collaborations with select Nordic Universities.

Magnus Persson, Managing Partner of Eir Ventures, commented: “In the current environment, where financing has become even more sparse and startups are struggling to fund development, healthcare innovation is more important than ever. We see great potential to bring some of the highly innovative treatments to patients with underserved medical needs, while also bringing outstanding returns to our investors.”

 

EU-Startups

Dutch Affordable eyewear brand working on retail innovation and virtual vision scores €14.25M funding

Dutch eyewear brand, Ace & Tate, raised €14.25 million investment to fund its expansion across Europe. The round was led by existing investor Rinkelberg Capital LTD. Other existing investor base includes Global Founders Capital, Investion and various angel investors also participated. This brings the company’s total amount raised to €57.5 million.

The company intends to use the funding in three critical areas – retail expansion in new and existing European markets, new technologies to advance the brand’s omnichannel model, and to become a more environmentally responsible company.

Witnessed 60% growth YoY

In the past couple of years, Ace & Tate has grown 60% year on year, delivering its first operationally profitable months in 2019. The Dutch company aims to double its revenue in the next two years. Notably, the shoppers are looking for more agile retail options to shop, try-on, and purchase frames, particularly now, as the COVID19 lockdown relinquishes its hold on Europe.

“Ace & Tate was founded to make quality, stylish eyewear accessible, by giving our customers the best retail experience possible. The recent round of funding will allow us to unify our physical and digital retail channels even further, and to create a frictionless, more personalised shopping experience for our customers,” says CEO Mark de Lange.

Physical stores

Ace & Tate is committed to opening 16 stores across Europe in 2020, bringing the total store count to 70, across 10 countries. The company is constantly innovating digitally to improve the in-store experience. Most recently added is the “Offline Wishlist” function. Staff can upload frames that customers tried on in-store, giving them the opportunity to virtually try-on at home, and purchase online.

Virtual Improvements

The styling and optician appointments are available online, and customers in The Netherlands and Germany can renew their prescription via an online eye test. Ace & Tate’s Virtual Try-On service will see significant improvements in the coming months with the integration of facial analysis, to provide personalised recommendations to customers, both online and in-store.

Sustainability

Furthermore, the Amsterdam-based brand will launch two new initiatives this summer, to move away from virgin plastic use as well as build a circular business model to reduce waste.

First, Reframe – allows customers to recycle their used Ace & Tate frames for store credit. These frames will then be refurbished and offered to customers in limited collections. The second initiative sees the brand launch its first recycled acetate collection, made from pre-consumer acetate waste.

De Lange concludes, “As we move into 2021, our customers remain our focus. We will continue our mission to lead the eyewear industry to be more accessible and sustainable.” The Reframe initiative launched in June in select locations in The Netherlands, Belgium, Austria, Germany, Sweden, Denmark and the UK. 

Main image credits: Ace & Tate

The post Dutch Affordable eyewear brand working on retail innovation and virtual vision scores €14.25M funding appeared first on Silicon Canals .

Startups – Silicon Canals

[C2A Security in Forbes] An Oasis Of Mobility Innovation: The Origins Of Israel’s Silicon Wadi

Because of its high concentration of cutting-edge technology companies, Israel has been dubbed the Silicon Valley of the Middle East — or Silicon Wadi (“wadi” means “valley” in Hebrew).

Read more here.

The post [C2A Security in Forbes] An Oasis Of Mobility Innovation: The Origins Of Israel’s Silicon Wadi appeared first on OurCrowd.

OurCrowd

[OurCrowd in Innovation Insider] OurCrowd releases Innovation Insider Publication

The latest issue of OurCrowd’s Innovation Insider discusses the effect of the COVID-19 pandemic on technology, medicine, and entrepreneurship. In this publication we theorize that these recent developments are not only designed to help adapt to life during the pandemic, but are the beginning of a new reality. The issue covers topics such as telehealth, travel, retail, and finance.

See it here.

The post [OurCrowd in Innovation Insider] OurCrowd releases Innovation Insider Publication appeared first on OurCrowd.

OurCrowd

[Portfolio Companies in Aish] Israel’s COVID-19 Innovation

Israel is the land of miracles and is also known as the ‘start-up nation’. Even during this most difficult time of COVID-19, there are countless Israeli innovations, with more being announced on a daily basis.

Read more here.

The post [Portfolio Companies in Aish] Israel’s COVID-19 Innovation appeared first on OurCrowd.

OurCrowd

[Consumer Physics in Geek Time] Israeli innovation aims to save costs for $53B U.S. corn industry

Corn continues to play a critical role in global agriculture, whether it be for food production or for its various other industrial uses, carrying a 2019 estimated market value of $ 53 billion in the U.S. alone. Depending on the crop’s purpose, moisture in corn kernels needs to be tested regularly for optimal harvesting time. With this in mind and heavy backing from crop and specifically corn related industries and research centers, the Israeli based Consumer Physics had developed, SCiO, the world’s first-ever pocket-sized connected micro-spectrometer.

Read more here.

The post [Consumer Physics in Geek Time] Israeli innovation aims to save costs for $ 53B U.S. corn industry appeared first on OurCrowd.

OurCrowd

Download ‘Dawn of A New World’: How Pandemic-Related Innovation Will Change Everything

The latest issue of OurCrowd’s Innovation Insider discusses the effect of the COVID-19 pandemic on technology, medicine, and entrepreneurship. In this publication we theorize that these recent developments are not only designed to help adapt to life during the pandemic, but are the beginning of a new reality. The issue covers topics such as telehealth, travel, retail, and finance.

Download now or get a preview below.

“Intensive Care” by Medical Investment Analyst Ariel Krause discusses the long-term changes she anticipates as a result of the adjustments made during the pandemic. This includes increased time-efficiency with medical testing and diagnoses. Krause also anticipates that there will be “greater agility in how hospitals and equipment are structured.” In order to “optimize infection containment and control,” Krause expects hospitals will move away from their curtain separated rooms.

In “Have a Biosafe Flight, Yakir Machluf, Mobility Lead at OurCrowd writes about the changes we can expect regarding air-travel and increases in biosecurity. Machluf notes that it will likely take years for airline industries to reach their 2019 numbers, but with the help of startup companies, they are already starting to redesign air-travel to fit pandemic and post-pandemic sanitation guidelines.

“Counter Attack” by Investment Principal Kfir Kachlon and Natalie Milstein addresses the full-speed transition of retail stores in light of COVID-19. The article notes that these changes were a long time coming for the retail industry, but with the spread of COVID-19, these companies have been forced to remodel their in-person experiences. Through AI and other technological developments, retailers are remodeling their brick-and-mortar stores to allow customers to shop with increased sanitation and cleanliness, and now minimal person-to-person interaction.

“Chain Gang” by Eytan Buchman, CMO of Freightos.com expands on our society’s reliance on a “functioning global supply chain.” The necessity of global trade was highlighted by the COVID-19 pandemic in conjunction with an increased reliance on e-commerce. Many companies have resorted to expanding the role of technology in supply chain logistics in order to increase their productivity and their ability to function during the pandemic.

In “Cashing In,Fintech Lead’s Josh Liggett suggests that COVID was the push that banks needed to focus more on digital banking. While many consumers still go to physical banks out of concern for the cyber risks involved with online banking, there are startups available to help banks increase data protection.  

Read more about these topics by downloading the latest issue of Innovation Insider.

The post Download ‘Dawn of A New World’: How Pandemic-Related Innovation Will Change Everything appeared first on OurCrowd.

OurCrowd

Innovation in packaging is the need of the hour

In the current scenario, when everything has come to a stand still, we as the business owners need to think about the innovations and bring about agility into business. There are many ways to do it but I think "anti-microbial packaging" and "e-marketing" have become the most essential assets of any business today. We used to be a brick and mortar company but the transformation was certainly not easy. I don't see many things which Indian government do to promote these amongst the enterprises today, but today I received a communication that talked about just that, I was looking for. I was truly amazed to see their brochure._2238.pdf) Thanks to the government, they have started thinking on the right lines now. I though to share with everyone, this might be useful for all. P

submitted by /u/BeautyCircle
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Startups – Rapid Growth and Innovation is in Our Very Nature!

[PRESS RELEASE] Thousands of investors from 90 countries attend OurCrowd Pandemic Innovation Conference online, first global event dedicated to pandemic investment

JERUSALEM, JUNE 22, 2010 – OurCrowd, the world’s largest global venture investing platform, today hosted the OurCrowd Pandemic Innovation Conference, a live interactive event, which brought together thousands of top investors, entrepreneurs, venture capitalists, corporate executives, government officials and press from over 90 countries around the world.

Read more here.

The post [PRESS RELEASE] Thousands of investors from 90 countries attend OurCrowd Pandemic Innovation Conference online, first global event dedicated to pandemic investment appeared first on OurCrowd.

OurCrowd