Week In Review - Startup World #50 - 15.04.2021

EuropeClouds Team
News
May 12, 2021

Lev Balvatnik, the billionaire, invests in Tripledot

The Israeli gaming company Tripledot Studies has raised $78M in a series A round, which was led by Balvatnik's Access Industries, Eldrige and Lightspeed Venture Partners. Three years only after it was founded in 2017, the company is valued at close to $0.5B. Tripledot has an active user base of 11 million users, and 90 employees.

Pine Labs acquires Fave for $45M

Fave helps merchants to connect with customers and to retain them, using vouchers and gift cards. Last Tuesday, Indian Pine Labs has announced the deal of acquiring the Southeast Asian company for $45M. The goal is to strengthen the position of Pine Labs both in the local market and in the international one. Joel Neoh, co-founder and CEO, has said: “Customers love us because they get safe money, cash back and rewards for being on the platform. And merchants love us because they get a lot of new and repeat customers."

The startup which raised $220M, for you to stay home while working out

If you struggled with keeping a healthy day-to-day routine during the lockdowns, or just needed to both work out and to stay home, at the same time – Tempo tries to give a solution exactly to that need, and provides customers with a home gym. The five-year-old startup has raised $220M in a series C round, which was led by SoftBank. Moawia Eledeeb, one of the co-founders, has said: “Being a personal trainer once, I remember charging $150 an hour. I want to create a better experience and offer it to many more people for a lot less. That means we’re going to continue to invest in the core technology that makes that possible.”

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