Mitigating climate risks, a ChatGPT app, new funding for European entrepreneurs, and many more...
What's Up Tech? #138
Welcome to our 138th newsletter. It was written with 🖤 by Justine Pelisson and Angèle Sahraoui
In 2023, baby vc is proudly sponsored by OneRagtime which will fund enrolment fees for the 2023 VC bootcamps participants, to promote diversity and inclusivity in the VC ecosystem — giving everyone the opportunity to succeed, regardless of their background.
OneRagtime is a European Seed & Series A venture capital fund with 40+ portfolio companies like Jellysmack, Homa Games and Zenly.
Follow OneRagtime on LinkedIn and check their website!
Fundraisings from last week with Mitiga, FAKS and Native Spaces
News from last week with ChatGPT and Seedcamp
Internship & Job offers of the week
Wishing you a pleasant read 🖤
🌿 Climate-tech solution Mitiga raised €13.5M to mitigate climate risks (🇪🇸)
Cool news from Barcelona! Mitiga Solutions, an AI-driven startup working on preventing climate-related hazards through climate risk scoring (they help organizations evaluate, measure and report on climate risks), has just announced its latest round jointly led by Kibo Ventures, Microsoft Climate Innovation Fund, Nationwide Ventures, Faber Ventures, and CREAS Impacto.
This new funding will allow Mitiga to enhance its physics-based models by expanding its science and business teams as well as reinforce its cloud and security infrastructure. Current customers include insurers like AXA climate and Willis Tower Watson as well as international agencies like UNDP. 🚀
As it’s CEO and co-founder Dr Alejandro Marti said, “We’re on a mission to prevent natural hazards from becoming disasters and push the boundaries of how risks are managed and mitigated. But most importantly, we want to make the world a more resilient and safer place under a changing climate.”
👩⚕️ FAKS raised €5M to streamline pharmacies’ operations (🇫🇷)
The French startup, developing a platform for pharmacies to simplify and streamline their operations (such as after-sales suppliers’ operations, promotions’ management, complaints’ repositions,..), has announced its latest round this week from Connect Ventures, Seedcamp and Cocoa VC - bringing its total funding to €7M. The new funding will help reinforce the technical and commercial teams, as well as kick off a European expansion. 👏🏻
As emphasized by their CEO Corentin Geoffrey, “These tasks are time-consuming for the pharmacist. […] Managing suppliers takes 30% of his time and is a mental load”. Faks thus aims at really offering pharmacists the opportunity to refocus on real added-value tasks, ie. direct time with patients and laboratory work, by digitizing and automating all administrative tasks. Faks currently already works with 12,000 French pharmacies (about 60% of the French market) as well as 700 pharmaceutical groups. 🔥
FAKS raises 5 million euros to help pharmacists manage their after-sales operations
🎇 Native Spaces proptech raised €2M to strengthen its offering (🇫🇷)
Nice-based proptech Native Spaces, specialized in renting unique and atypical venues for special events such as weddings, product launches,… (they turn private gardens or villas, rooftops, boats, galleries… you name it… into a memorable venue) - has just raised €2M from several investors and business angels (Vitosha Venture Partners, MFG Invest, ..). 🤩
According to the startup, demand for exceptionally original events keeps increasing. Past customers include Adidas, LinkedIn, the United Nations.. to only cite a few. The funding will be used to reinforce the startup’s technology, deploy a mobile app, and develop a solution tailored to event service providers. 🚀
Les lieux atypiques de Native Spaces lèvent 2 millions d’euros
🤳 ChatGPT is now live on app!
Big news this week - the announcement by OpenAI of the release of its generative AI tool, Chat GPT, on Apple IOS as an iPhone app! There are many versions on the Appstore, lookout for the one called “ChatGPT” with a simple back & white openAI floral logo. Don’t worry if you are using android, this version should be released very soon too 😉
The app is free, it will sync with your chat and prompts’ history, and provide all of the usual transcribing responses the web version offers too.
Be aware that if you’re looking to use a more advanced of ChatGPT - its latest and greatest large language model GPT 4 - you will need to pay a monthly subscription. 💰
Even if the excitement is real, there still remains concerns about the app listening to our lives and respecting our privacy. The best advice we could give you: be careful about the data you upload and share (eg avoid personal or sensitive data) and through any prompt, and disable the chat history functionality. 🔐
💰 Seedcamp launched a $180M fund to back European entrepreneurs
The London- based seed-stage venture capital, who counts more than 460 portfolio companies (incl. 9 unicorns & 2 publicly listed companies) has just announced its VI’s fund which will be dedicated to angel and seed rounds of up to $1M. 👀
As stated by Seedcamp in their announce, “We remain sector-agnostic in our approach and are looking to back companies building foundational technologies spanning sectors, including the likes of artificial intelligence, cybersecurity, open source software, HealthTech, FinTech and more”. 🤓
Fun fact: these news came the same day as the announcement of a closing of a $163M fund by the Finnish VC Lifeline Ventures, also focused on early-stage investments!
How Seedcamp’s networked approach to Europe helped it secure new $180M fund
Internships
MBA Intern - Lakestar (London)
VC Investment Intern - Lakestar (London)
Jobs
VC Analyst/Associate - Elaia (Paris)
Tech VC Analyst/Associate - Elaia (Paris)
👉 If you’d like to discover more offers… you can check our job board just here. And if you want to submit a new job offer, you can fill in this form (or share it)!
Also, don’t hesitate to reach out to us at joinbabyvc@gmail.com. We’d be super happy to have you sharing job/internship offers, events or feedback with us! 🤝
You can also read about us on our website and follow what we do on LinkedIn.
Take care, and see you next week,
The whole baby vc crew 🖤