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The Untitled Ventures is raising €50 million to boost tech startups in Eastern Europe
The Untitled Ventures is an early growth stage venture capital fund that invests in tech startups from Eastern Europe. To date, the Untitled Ventures has invested into 26 companies with 15% women among founders (Sarafan.tech, SuitApp, E-Contenta), and successfully exited 3 (DPI 1.6x). Now the Untitled Ventures firm is raising €50 million for a fund that will invest in early growth stage tech companies from Eastern Europe, with the focus on B2B AI, robotics, agritech, medtech, and data management. The Untitled Ventures operates from London, Moscow, and Riga, building the bridge between Eastern and Western Europe.
VCs and startups consider HaaS model for consumer devices
Hardware as a service (HaaS) has been a popular concept in the IT/enterprise space for some time, but it’s still fairly uncommon in the consumer category. For one thing: a hardware subscription presents a new paradigm for thinking about purchases. And that is a big lift in a country like the U.S., which spent years weaning consumers off contract-based smartphones. In a recent email exchange, General Partner Duncan Turner described HaaS as “a great way to keep in contact with your customers and up sell them on new features. Most importantly, for start-ups, recurring revenue is critical for scaling a business with venture capital (and will help appeal to a broad set of investors). HaaS often has a low churn (as easier to put onto long-term contracts).”
Telehealth Startup Ro Nabs $200M
Telehealth startup Ro has raised $200 million in a new round of funding, the company announced Monday. Ro, which was founded in 2017, operates digital health clinics for men’s and women’s health, along with smoking cessation. It also operates a cash-pay online pharmacy for generic medications in 22 states.
The new York-based company’s Series C round, which was led by General Catalyst, brings the company’s total funding to $376 million.