vcfamily - Newsletter #26
Elon Musk tries to buy Twitter, Choco's impressive fundraising round and Your ticket to experience entrepreneurship!
✒️ Kenza Yahyaoui, Sara Idrissi and
Baptiste Durand
.
Get to read your weekly vc newsletter along with your Sunday morning coffee ☕️ : News of the week in Venture Capital, fundraisings and acquisitions, internships and job offers in the vc ecosystem and many others. For more information about vc family, visit vc family.
“You define your own life. Don’t let other people write your script.” — Oprah Winfrey
On the agenda:
📰 Extra! Extra! Weekly news
🚀 Fundraisings, acquisitions and IPOs of the week
🔎 Internship and job offers
🎁 The Gift
📰 Extra! Extra! Weekly news
🏭 Big Tech launches carbon ton market. Google, Meta, Shopify, Stripe and McKinsey Sustainability are teaming up to launch Frontier, a 925 million dollar facility over 9 years. The money will be used to fund carbon capture companies and pay them if they succeed.
📱 Elon Musk proposes to buy Twitter. A week after becoming the majority shareholder of Twitter (with 9.2% of the company's shares), the Tesla founder has launched a tender offer with the SEC. Elon Musk is offering to buy back each share at $54.2 (38% more than the current price as of 1 April), which represents a total of $43 billion. Twitter's management and the US stock exchange will review his request.
🤖 Facebook to take commissions in its metaverse. A few months after changing its name, Meta is giving more details on what its future metaverse might look like. The company announced last Wednesday that it would take 47.5% of the price of sales that take place via its Horizon World platform. The news was strongly criticised by specialists who denounced a rate that is too high and a philosophy that runs counter to the Web3 they want to see.
📈 Deezer wants to go public. The French streaming platform Deezer is reportedly in negotiations to go public, via a SPAC (Special Purpose Acquisition Company), notably owned by the famous Pinault family. The company had already wanted to do an IPO in 2015, before giving up.
🤝 Epic Games and Lego team up to launch a metaverse. The popular Fortnite publisher Epic Games announced on Monday that it had raised $2 billion from Sony Group Corp and the holding company Kirkbi to create a children's metaverse with Lego (owned by Kirkbi). Epic Games is now valued at $31.5 billion.
🚀 Fundraisings, acquisitions and IPOs of the week
🥦 Choco (Series B) raises €102M: Launched in 2018, the German startup allows restaurant owners to place orders directly with their suppliers using an app that incorporates a chat room. This fundraising, which comes after a series B round of €82 million nine months ago, allows Choco to become a unicorn by being valued at €1.1 billion.
⛓ Selency (Series) raises €35M: The French start-up offers a marketplace for second-hand items, a sort of mix between Amazon and Vinted, called e-brocante. Selency claims to have 2.5 million unique monthly visitors and is counting on this round of funding to launch into the BtoB market and accelerate its growth in other European countries.
🧫 Sampling Human (Seed) raises €1.8M: Sampling Human is a synthetic biology diagnostics company from Czech Republic, developing novel methods for the early detection of disease. Among their investors, we find the i&i Bio fund specialized in digital health.
✨ Find all the fundraising of the week from 500k€ on this Airtable!
🔎 Internship and job offers
Soon you will find a complete section to find job and internship offers in Venture Capital, automatically scrapped and available directly on our website.
Antler - Visiting Investment Associate France Intern (Paris) 👉 Apply here
Kima - VC Analyst Intern (Paris) 👉 Apply here
Galion.exe - VC Analyst Intern (Paris) 👉 Apply here
🎁 The Gift
⚙️ Did you ever ask your self is entrepreneurship could be for you?
👉 Well, you have the opportunity to test this possibility thanks to Entrepreneur First! 3 days (from May 12 to 14) of FREE immersion where you’ll be able to: Ideate 💡, collaborate 🤝, and create. 🚀 You can register here!😊
Thank you for reading the vc family newsletter to the end. See you next week directly in your email box!