Europe

PetaGene, the Cambridge, U.K.-based genomics data compression startup, has raised $2.1 million in further funding. Leading the round is U.S. venture firm Romulus Capital, with participation from other unnamed investors Silicon Valley and London. It brings total funding to $3.2 million. Previous investor Entrepreneur First, the company builder backed by Greylock Partners, also followed on.
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Mobile licensing changes made by Google this fall, when it tweaked terms for OEMs wanting to license its Android smartphone platform on devices destined for the European market, don’t appear to be offering succour to search rivals — despite being triggered by an antitrust ruling intended to reset the competitive playing field. The European Commission
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UK AI chip startup Graphcore has announced a $200 million Series D round today that’s jointly led by an existing investor, European VC Atomico, along with new investor Sofina, an investment holding firm. Graphcore says the Series D values the company at $1.7BN. We’ve confirmed the valuation is $1.5BN before including the new capital raised. We’re also
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Tonsser, the Copenhagen-based startup that offers a “football performance app” aimed at youth soccer players who want to build their own online profile and potentially get discovered by a bigger club, has raised €5.5 million in Series A funding. The round is led by Alven Capital, with participation from existing investors SEED Capital and Wellington
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B-Social, a London fintech that currently offers a ‘social finance’ app and beta debit Mastercard, has raised £3.2 million in Seed round funding from undisclosed high-net-worth individuals. However, the fundraise is just the first step in a journey in which B-Social want to eventually become a fully licensed bank that reimagines banking around everyday social
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The UK government has set out a labor market reform package it bills as a major upgrade to workplace rights in the era of disruptive gig economy platforms. The reforms, which include new legislation, are intended to take account of changes in working practices including those flowing from tech platforms. But despite some gig economy platforms standing
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Goldex, a trading app that claims to power so-called “ethical pricing” for retail gold investments, says it has now raised more than £1 million ($1.25 million) in a pre-Series A round led by a group of angels and institutional investors. Amongst those participating in the round are Prepaid Financial Services (a European payment card issuer);
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French startup Tempow has been working on software solutions to improve the Bluetooth protocol. The company just unveiled the Tempow True Wireless Bluetooth profile so that anybody can create AirPods clones. Many companies have tried creating a pair of earbuds with absolutely no wire. But none of them are as good as Apple’s AirPods. Manufacturers
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Industrial robotics is on track to be worth around $20 billion by 2020, but while it may have something in common with other categories of cutting-edge tech — innovative use of artificial intelligence, pushing the boundaries of autonomous machines that are disrupting pre-existing technology — there is one key area where it differs: each robotics
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French startup Lydia announced a partnership with Banque Casino today for small credit lines. Starting tomorrow, Lydia users in France will be able to borrow as much as €1,000 in just a few seconds. While Lydia started as a peer-to-peer money transferring app, fintech startups always end up offering credit at some point. It’s hard
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Chatbots and other AI-based tools have firmly found footing in the world of customer service, used either to augment or completely replace the role of a human responding to questions and complaints, or (sometimes, annoyingly, at the same time as the previous two functions) sell more products to users. Today, an Israeli startup called TechSee
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In the latest instalment of VC revolving doors, Carolina Brochado, a Partner at European venture capital firm Atomico, is joining Softbank’s Vision Fund. According to sources, Brochado informed Atomico portfolio companies earlier this week that she was joining Softbank where she’ll be based at the mega-fund‘s London office. Noteworthy, Brochado came to prominence in the
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French VC firm Hardware Club just announced the final closing of its first fund. The firm will invest $50 million in total in hardware startups (as the name suggests). Hardware Club first started as a community of hardware startups sharing knowledge, tips and contacts in the hardware community. If you’re launching a hardware product, chances
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Verve, the word-of-mouth selling platform, has acquired Campus Vacations, a provider of “unforgettable” travel experiences to students across North America. The thinking behind the acquisition is to increase Verve’s market share and competitive positioning in the North America and Canada markets. Specifically, Verve says it will provide the company with an entrance into the ski
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