Sifted - French funding goes bonkers 🤪

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Hi Sifted Reader,

Turkey's startup ecosystem is having a smashing year, thanks to mammoth funding rounds for startups like Trendyol ($1.5bn) and Getir ($550m).

But it's got stiff competition from France, which last week announced a record-breaking amount of startup funding. 

Read on to understand what's behind this investing craze, and also peek inside Berlin's new angel syndicate, launched by three Spotify alumni.

\Venture Capital 

Spotify alumni launch new angel syndicate


Berlin-based Spoti Angels, set up by three former Spotify-ers — Katia Yakovleva, John Bonten and Axel Bard Bringéus — will invest between €25k to €150k in European pre-seed and seed stage startups in consumer tech, the creator economy and the future of work.

But it's not just cash that the trio want to give founders — they also want to bring operator experience to the cap table.

Miriam Partington finds out more.

\A message from our sponsor Fintech Innovation Lab 

Get your B2B fintech noticed by the right people!

Accenture’s FinTech Innovation Lab London can help turbo charge your growth by connecting you to the right people at over 40 financial institutions — alumni have quoted “8x growth in 3 months!”

Find out more and apply here.

\France

France sees biggest ever week for startup funding


Last week, nine-figure funding rounds just kept on rolling in for French startups. €580m for blockchain-based fantasy football platform Sorare, €473m for marketplace platform Mirakl, €100m for food ordering app Sunday and €178m for fashion resale platform Vestiaire Collective — in just five days.

What the blazes is going on? 

Chris O'Brien reports.

\For Members Venture Capital

Turkish tech investment surges 10x, driven by megarounds


Over in the Mediterranean, Turkish startups have raised a whopping €2.6bn in startup investment this year so far, according to Dealroom, up from just €250m in 2020.

A large chunk of this is due to ecommerce platform Trendyol's mammoth $1.5bn funding round in August and on-demand grocery delivery startup Getir's $555m Series D funding round in June.

The investment has been driven by interest from international investors, many of whom are investing in Turkey for the first time.

Get their insights on why they're hooked on Turkey.

If you're not yet a Sifted member, subscribe here for as little as £19 per month.

\Opinion 

What managing a $2bn hedge fund taught me about running a fintech


Stephen Holliday thought he knew a thing or two about risk from managing $2bn hedge fund GLG Partners... until he started his fintech company Level.

Fintechs, he's learned, have a completely different approach to considering risk.

Here's why.

\Sponsored by Pollen8

4 ways to overcome the journey to carbon neutrality


By now, most would have heard of the environmentalists' dream of net zero — that by 2050 the amount of greenhouse gas emissions on Earth balances the amount removed from the atmosphere.

But companies face big challenges moving towards net zero — from identifying impact to mobilising staff. So, how do businesses face these challenges head on?

Read four golden tips here.

\Sifted Jobs

We're growing our team... a lot!


Sifted is hiring like wildfire — and we'd love your help finding brilliant new people to join our team. Here are (just some) of the roles we have up for grabs:
  • Marketing: We're on the lookout for an events and commercial marketing manager to help more people find out about our (wonderful) events and commercial content. 
     
  • Editorial: We're after a curious and creative writer with oodles of ideas to join us as a reporter and learn heaps about the fascinating world of startups. 
     
  • Operations: We're looking for an experienced talent manager who's committed to diversity and inclusion and can help us continuously raise the bar on our hiring processes. 
     
  • Events: After seeing great success with our popular virtual events series Sifted Talks, we're looking to rapidly expand our events portfolio and need an experienced events producer to create the best events in the startup ecosystem.

Events

Using embedded finance to diversify your revenue and win new customers | Online | September 30
Hear from the likes of Mirakl chief product officer Isabelle Bénard, Spryker cofounder and co-CEO Alex Graf and OpenPayd chief executive Iana Dimitrova in our next Sifted Talks.

Construction: built to last? | Online | October 14
Construction accounts for 9% of the EU’s GDP, but it’s also one of the least digitised industries. Join this Sifted Talks to hear from the likes of Tara Mirkovic, seed programme associate at Leonard, and Material Mapper CEO Ieva Sibilla Strupule, on how startups can help turn things around.

Sifted Members

Flying, morphing and sun-powered — really futuristic cars are coming
Nordic startups to watch, according to top Nordic founders
Six startup ideas — from Germany’s top VCs
Are carbon accounting businesses any good at getting your business to net zero?
Wonga’s Errol Damelin scores 9900% return on angel investment in Cazoo & Wise
Amy Lewin
Deputy Editor

Get in touch with her at amy@sifted.eu
Or tweeting @amyrlewin
Connor Bilboe
Editorial Assistant 

Get in touch with him at connor@sifted.eu
He likes sustainability stories.
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