Sifted - VanMoof's wheel of fortune 🚴‍♀️

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Hi Sifted Reader,

To those of you who want to offset your summer spending spree, wealthtech apps have probably never looked more tempting. Today, we’ve got the lowdown on the wealthtechs currently dominating the fintech scene. But it’s a competitive space — and a select few are racing ahead. More scorching stories include: 
  • Post-Brexit immigration: mission accomplished?
  • Top Spanish founders pick their startups to watch
  • How can the European and American tech industries work together? 


Post-Brexit immigration: mission accomplished?

Crossing the Channel used to be seamless when the UK was a member of the EU. Now, it’s become a long and challenging obstacle race — especially for the average European startup founder.

Meanwhile, several European cities are vying to become more attractive for founders from the EU.

This begs the question: is Britain even trying to attract European founders? 

Nicolas Colin takes a look.

\A message from our sponsor Nium 

How to make payments in the gig economy 

What could the future of payments for gig workers look like? How can making payments efficiently help get gig workers paid anytime, anywhere? Nium’s Gig Economy e-book reveals trends and solutions.  

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Which European investment apps are crushing their competition?

If there’s one set of fintechs that consumers love, it’s the apps helping them get rich.

Following the infamous GameStop saga in January 2020, the popularity of wealthtechs — investment apps, trading apps, pension platforms and money managers — has soared.

But with 3.2m Brits downloading a wealth app since March 2020, competition is hotting up — and a select few are racing ahead.

So who’s winning the wealthtech war?

\For Members Startup Life 

15 Spanish startups to watch, according to top Spanish founders

Spain’s had a banner year of VC investment, with startups raising a whopping €2.1bn in 2021 so far. It's also seen record levels of international investment.

So amid all that excitement, we asked five top Spanish founders to name the early-stage Spanish startups that really stand out.

Here’s what they said.

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\In partnership with Scaleway

Friends or foes? How European and US tech sectors can work better together

Silicon Valley has long overshadowed Europe's tech sector as the ultimate symbol for innovation, disruptive startups and all things Big Tech.

But Yann Lechelle, CEO of cloud service provider Scaleway, believes the US and Europe need better cooperation, or ‘coopetition’, for startups in both spaces to flourish — and eventually construct a healthier global industry. 

Read more here.

News that Matters

🚴‍♀️ VanMoof has just closed a $128m Series C. The Dutch startup is now the most well-funded e-bike company on the planet, after it saw sales almost triple in 2020. The round brings the total raised by VanMoof to $182m, putting it far ahead of European and US rivals.

💰 Tissium raises €50m Series C. The French medtech company works on tissue reconstruction, and secured a funding round led by major life sciences VCs Sofinnova Partners and Cathay Health, an affiliate of Cathay Capital.

📛 Dostavista rebrands to Borzo and raises a $35m Series C. The Russian same-day delivery service has changed its name in a bid to unite its businesses in 10 different countries under a single brand. Investors in the round include Mubadala, VNV Global, RDIF and Flashpoint Venture Capital, among others.

Sifted Suggests

📰 Gig economy galore. With Glovo’s riders striking for better work conditions, as Sifted reported last week, the spotlight's on Europe’s gig economy. This Maddyness article looks at how UK labour shortages could drive the growth of the gig economy, and exactly what this means for workers.

📉 The European pre-seed funding gap. In this Forbes article, Melinda Elmborg notes that the declining number of pre-seed rounds in Europe between 2016 to 2019, from 5.3k to 3.5k, poses a problem for the ecosystem — and it’s affecting underrepresented founders, like women and people of colour, the most.

Battling burnout. With Nike being the latest in a line of companies — from Bumble to LinkedIn — to offer mental health leave, is it time for all employers to provide their workers with a reset option? Read here.
Michael Stothard

Get in touch with him at
Or find him tweeting @MStothard
Riddhi Kanetkar
Editorial Intern

Get in touch with her at
Or find her tweeting @r1ddhi
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