Startups Weekly: U.S. VCs eye European startups

Hi there and welcome again to Startups Weekly, a weekend publication that dives into the week’s noteworthy startups and enterprise capital information. Earlier than I bounce into right this moment’s subject, let’s catch up a bit. Final week, I wrote about Chinese language investor exercise in Africa. Earlier than that, I famous Airbnb’s points.

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Europe’s enchantment

This week I need to speak about Europe and never simply because I’m in Europe prepping for TechCrunch’s annual convention, TechCrunch Disrupt Berlin. However due to a brand new development we’re seeing wherein U.S. enterprise capital funds strike offers abroadgreater than ever.

Forbes wrote a piece on this development this week alongside the discharge of their annual European Midas Record, which ranks the highest VCs on the continent. Increasingly more, prime funds, together with the likes of Sequoia and Benchmark, are writing checks to firms in London, Dublin, Amsterdam, Stockholm and extra. 

Sequoia, for instance, funded an adolescent in Dublin, Eire this yr. Evervault is constructing an information safety answer geared toward builders, by the use of an API, which goals to bake information safety into the app from the beginning. We hear quite a lot of different prime corporations are sending companions over seas, too, or contemplating making such strikes. Why? To seek for firms so as to add to their world portfolios (in a area the place they might additionally see a pleasant low cost). As we prep for a brand new yr, that is one in all a number of developments in VC I’ll be maintaining a tally of.

Office toxicity

In the event you didn’t go surfing to Twitter this week, you’ll have missed The Verge’s investigation into office toxicity at Away, a ‘unicorn’ journey firm identified for its light-weight, compact suitcases (full disclosure: I’ve an Away bag). Learn that story first, then try Winnie co-founder and chief government officer Sara Mauskopf’s piece from this week, “The inevitable takedown of the feminine CEO,” wherein she questions why we have fun female-founded firms, till they rise too far. Right here’s a passage:

Aggressive. Blunt. Livid. These are phrases which have been used to criticize the conduct of feminine CEOs of outstanding firms like Thinx, Cleo, Lease the Runway and ThirdLove, to call a number of. Away is the newest female-led firm to come back underneath hearth, in an article in The Verge on Thursday.

First, let me be clear: A poisonous work tradition isn’t acceptable. No matter who began an organization or what sort of stress the corporate is underneath, it’s by no means okay to mistreat workers. A few of the issues that got here to gentle in these items are notably abhorrent: sexual harassment, mendacity about one’s credentials, creating an unsafe area for underrepresented teams, overworking workers. These are dynamics that must be known as out and eradicated in any respect firms, whether or not feminine or male-led. The Away instance isn’t any exception.

The highest VC offers of the week:

Plus, learn my profile of VSCO, the photo-sharing and modifying app you’ll have by no means heard of. That’s, till the “VSCO woman” meme craze of 2019.

Disrupt Berlin

It’s exhausting to consider it’s already that point of the yr once more, however Disrupt Berlin is that this week! I’m in Berlin this week to satisfy with Europe’s prime VCs and among the most promising founders within the area. In the event you’re right here too, ensure to say hello. Right here are some things you may anticipate to listen to about on the occasion:


In the event you like this text, you’ll undoubtedly get pleasure from Fairness, which brings the content material of this text to life — in podcast type! Be a part of myself and Fairness co-host Alex Wilhelm each Friday for a fast breakdown of the week’s greatest information in enterprise capital and startups.

This week, we mentioned Harlem Capital’s debut fund, a $40 million effort that may again minority entrepreneurs. On prime of that, we shared ideas on Determine’s newest funding, European enterprise capital exercise and extra.

Fairness drops each Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all of the casts.

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