Home24 raises $22.7 million for its online furniture retail service

This post is by Robin Wauters, Tech.eu from VentureBeat

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Berlin-based, Rocket Internet-backed online furniture retailer Home24 has raised €20 million (about $22.7 million) and reinforced its management team to get to profitability and to try and take on IKEA in Europe (via Reuters). The fresh capital comes from both existing and new investors, the company said in a statement.

Home24 founders

Christoph Cordes and Marc Appelhoff, respectively the CEO and founder of ‘Fashion for Home’, a German rival that Home24 acquired last year, will help lead the loss-making Berlin startup along with its founder, Philipp Kreibohm (all three are pictured above from left to right).

Current CEO Domenico Cipolla will step down from the management team in May and pursue new challenges, Home24 said.

This post first appeared on Tech.eu.

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New Model 3 will extend Tesla’s reach into India, Brazil and other global markets

This post is by Jon Russell from TechCrunch

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FILE - In this April 1, 2015, file photo shows the Tesla Motors new showroom in Salt Lake City. State lawmakers said Wednesday, May 20, 2015 they hope to work out a compromise law this year that would allow Tesla Motors to start selling its electric cars at its $3 million showroom in Salt Lake City. Two weeks before the showroom's planned opening in March, the Utah attorney general's office ruled that it couldn't sell cars under state laws barring a manufacturer from owning more than 45 percent of any dealership. (AP Photo/Rick Bowmer, File) Tesla finally unveiled its Model 3 today. The $1,500 car drew a staggering 115,000 orders — $115 million in deposits and $4 billion in potential sales — before it had even been unveiled, but another interesting point to note is that it will be Tesla’s first to be sold in India, Brazil and other international markets. Read More

Bluebee lands $11.4 million for cloud-based DNA analysis platform

This post is by Jonathan Keane, Tech.eu from VentureBeat

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Bluebee Screen Shot 2016-03-31 at 7.01.56 PM

DNA analytics startup Bluebee has closed a Series A funding round of €10 million (about $11.4 million) from investors Capricorn ICT Arkiv, Korys, and Biover II. Prior backer Buysse & Partners also participated in the round.

The Dutch company specialises in genomic analysis and provide cloud-based performance solutions to researchers, labs, and diagnostic companies. According to the startup, the new funds will be used to further develop its platform.


Above: Bluebee management team, Image credit: Bluebee

“This funding will significantly boost our capacity to support our growth,” said Bluebee CEO Hans Cobben, adding that the startup has seen rapid growth in its customer base since 2014.

Bluebee has also appointed Annie Vereecken, founder of AML-Labo Riatol labs and head of Biover II who has invested in this round, to its board of advisors.

The Delft-based startup expects to see a growth in demand for genomics, the study

Continue reading “Bluebee lands $11.4 million for cloud-based DNA analysis platform”

Google is getting rid of the physical debit cards linked to its Wallet payment service

This post is by Catherine Shu from TechCrunch

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google-wallet-card1 Google is bidding “smell ya later!” to its Wallet Card, the physical debit cards linked to Google Wallet accounts. In a blog post, the company said it plans to focus instead on the Google Wallet app, which relaunched last September with a new focus on online peer-to-peer payments. Read More

Tesla sold 115k Model 3 preorders before anyone even saw the car

This post is by Fitz Tepper from TechCrunch

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DSC_0005 Elon Musk just unveiled Tesla’s Model 3, the car designed to bring Tesla to the masses.
The car will start at $35,000, compared to the Model S and X which can easily run close to $100,000.
On stage, Elon said that 115,000 people had already preordered before the car had even been unveiled. This means the electric car company just took in $115M in deposits, and four billion dollars in… Read More