Europe

Meet The Garage, a new incubator in Paris that is all about blockchain projects. Co-founded by Cyril Paglino from Starchain Capital, Fabrice Le Fessant from Dune Network and Oussama Ammar from The Family, the company will support blockchain startups, help big companies launch blockchain projects and educate engineers about blockchain development. The Garage is a
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Angular Ventures, the early-stage enterprise and “deep tech”-focused VC firm founded by former DFJ Esprit partner Gil Dibner, is announcing the closing of its debut fund at $41 million. Targeting startups in Europe and Israel, Angular Ventures has been operating in so-called “stealth mode” for almost two years, seeing its portfolio grow to 12 companies.
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As Amazon-backed Deliveroo expands into click-and-collect and procurement services to grow its footprint with restaurants in Europe, a food fight among three other takeout and delivery players continues apace in an ongoing consolidation march to compete better against the likes not just of Deliveroo but also Uber Eats and more. Today, Prosus — the recently-listed
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Don’t Deliveroo . The U.K.-based on-demand food delivery service has expanded into not actually delivering orders by offering users a pickup option, called “Pickup,” as an alternative to paying a delivery fee and waiting for lunch to arrive. The new “click & collection” service is live for 700+ eateries in 13 U.K. cities at launch:
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Bumble, the popular and profitable dating and networking app built around the ethos of women calling the shots on how connections get made and developed, has made a deal for some independence of its own. Andrey Andreev, the founder of Badoo, the controversial London-based company that owns a series of dating apps and was the
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Immo Investment Technologies, a London-based fintech startup that purchase homes on behalf of buy-to-let investors, has closed €11 million in Series A funding. Backing the round is Talis Capital and HV Holtzbrinck Ventures, with participation from Tom Stafford and Rahul Mehta of DST Global, and Mato Peric, among others. In addition, the company is disclosing
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European startup studio eFounders recently reached a portfolio valuation of $1 billion across 23 companies. And the company doesn’t want to stop there as it is currently launching three new companies and products. While software-as-a-service companies are trendy, eFounders has been exploring this space for a few years now. The company regularly comes up with
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GoCardless, the London fintech that makes it easy for businesses to offer recurring bank payments, has partnered with TransferWise for its currency exchange. The move sees GoCardless utilise the TransferWise API and the money transfer company’s “TransferWise for Business” product, and in turn, provide TransferWise’s FX rates to its own customers. More broadly, the partnership
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A UK drone registration scheme has opened ahead of the deadline for owners to register their devices coming into force at the end of this month. The UK government announced its intention to introduce a drone registration scheme two years ago. The rules apply to drones or model aircraft weighting between 250g and 20kg. Owners
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Medopad, the U.K. startup that has been working with Tencent to develop AI-based methods for building and tracking “digital” biomarkers — measurable indicators of the progression of illnesses and diseases that are picked up not with blood samples or in-doctor visits but using apps and wearables — has announced another round of funding to expand
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Economist Thomas Philippon’s new book, “The Great Reversal: How America Gave Up on Free Markets,” went on sale this past week, highlighting the United States’ failure to block the country’s largest companies from inhibiting fair competition. Alongside my review of the book, I spoke with Philippon to dig deeper into why entrepreneurs and venture investors
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Babbel, the popular Berlin-based language learning service, today announced that its founder and current co-CEO Markus Witte is stepping down from his CEO role but that he will remain the executive chairman of the company’s board. The company’s current co-CEO Arne Schepker will become Babbel’s sole CEO. In addition to these leadership changes, the company
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Deutsche Telekom is perhaps best known around the world as the telco behind mobile carrier T-Mobile, but today it’s making an appearance in a lesser-known yet also regular role: trademark troll. The company’s German lawyers have sent a letter to Lemonade, the AI-based insurance startup headquartered in New York, demanding it cease using magenta —
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As the UK continues on its slow march to leave the European Union, a London-based startup that enables companies to work internationally has raised a huge round of funding from a strategic backer to expand its business. Ebury, which provides foreign exchange, money transfer and other currency services to small and medium businesses and their
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Climate risk, including extreme events and the related pressures our environment, are fundamentally affecting the way businesses and governments operate — both tactically and strategically. Increasing climate volatility is causing food supply disruptions and increasing pressure on Enterprises (including financial institutions, insurers and producers) to disclose what’s going on. The trouble is, while there is
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Forecast, a Denmark-based startup that has developed “AI-powered” project management software, has raised $5.5 million in new funding. The round is led by Crave Venture Partners, with participation from existing backers SEED Capital and Heartcore. Forecast has raised $10 million in total funding to date. Founded in late 2016, Forecast describes itself as an AI-powered
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Freetrade, the U.K. challenger stockbroker that offers commission-free investing, has closed $15 million in Series A funding. The round includes a $7.5 million investment from Draper Esprit, the U.K. publicly listed venture capital firm, along with previously announced equity crowdfunding via Crowdcube. The funding will be used by Freetrade for further growth and product development,
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Facebook has reached a settlement with the U.K.’s data protection watchdog, the ICO, agreeing to pay in full a £500,000 (~$643K) fine following the latter’s investigating into the Cambridge Analytica data misuse scandal. As part of the arrangement, Facebook has agreed to drop its legal appeal against the penalty. But under the terms of the
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