Vinted reaches a €5 billion ($5.4 billion) valuation after closing a €340 million ($367 million) secondary share sale led by TPG. New participants include Baillie Gifford, FJ Labs, Hedosophia, Invus Opportunities, Manhattan Venture Partners, and Moore Strategic Ventures; existing institutional investors retain at least some stake. Vinted reports 61% revenue growth in 2023 and reaches profitability for the first time, while expanding geographically and into electronics.
London-based Ameba raises $7.1 million in a seed round led by Hedosophia to apply generative AI to retailers’ supply chains. Its platform draws on data from existing systems and other sources to help predict disruptions and address bottlenecks, and the company says it can cut manual data entry by 30%. Customer Plank has used Ameba to generate 140 alerts about production and delivery delays.
Paris-based insurtech Neat raises €50 million (about $55 million), split between roughly €30 million in equity and €20 million in debt. The company helps retailers offer embedded insurance, while insurers and reinsurers cover the risks. Its 1,500 distribution partners have sold more than 1 million policies, and Hedosophia leads the Series A round alongside other investors.
Sep 2024 · TechCrunchNews article
Hedosophia
Operating Status: Operating
Hedosophia: A London-based global investor, fostering early growth in Internet and tech companies.
