Insightful thread from Emmett Shear, CEO of Twitch, on the lessons learned along the journey of building Twitch. Quick takeaways include: ignore your competitors, but don’t ignore their customers and do the job before you hire for it.
Lollipop, the newest addition to our portfolio, uses AI to autosuggest tailored recipes and build your shopping cart. The round was led by Speedinvest Network Effects, with the participation of JamJar Investments and several high-profile angels. The app launched in public beta last week - the first 10K beta testers to sign up will get access to premium features for life.
GoStudent, our Austrian portfolio company that provides a marketplace for K-12 students to connect with tutors, has raised a $244m Series C round at a $1.7bn valuation. The round was led by DST Global with participation from SoftBank, Tencent, Dragoneer and all major existing investors.
Lizee, our French portfolio company that provides a white-label rental platform to brands, has raised a €1.3m round to continue to support brands in their transition to the circular economy. The round was led by Ring Capital with participation from several high profile new angels and all major existing investors.
TIER Mobility, our German e-scooter portfolio company, has raised $60m in the form of debt from Goldman Sachs. The funds will be used to expand its multimodal fleet and network of battery charging stations dubbed TEN - TIER Energy Network.
June was a busy month for marketplaces with lots of new funding announcements and acquisitions, and over $3.5bn in transaction volume from marketplace deals. Here is a selection of the ones we found interesting…
We hope you enjoyed this issue, brought to you by Alexandra on behalf of the Speedinvest Network Effects team ✌️
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The Speedinvest Network Effects team invests in SaaS-enabled platforms and marketplaces and other Network Effects-driven businesses where the value of a product increases with every new user. Enabled by new technologies in areas we cannot even imagine today, the team believes these are the businesses that will continue to revolutionize the world.