Europe

Accurx, the U.K. startup and Entrepreneur First alumni that has developed a messaging service for doctor surgeries, has raised £8.8 million in Series A funding, TechCrunch has learned. According to multiple sources, London venture capital firm Atomico has led the round, with participation from LocalGlobe and EF. We first heard a term sheet had been
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A privacy complaint targeting the behavioral advertising industry has a new piece of evidence that shows the Internet Advertising Bureau (IAB) shedding doubt on whether it’s possible to obtain informed consent from web users for the programmatic ad industry’s real-time bidding (RTB) system to broadcast their personal data. The adtech industry functions by harvesting web users’ data,
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Update: an earlier version of this story positioned the €160 million fund as newly announced, when in actual fact it was disclosed in late 2017 and consists of a combination of Heartcore Fund III (seed and series A) and Heartcore Progression Alpha (growth fund following through on Heartcore’s most successful companies). Sunstone Technology, the tech arm
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Citymapper is becoming a fintech startup, sort of. The company announced a prepaid card called Citymapper Pass for users based in London. This new product is both a subscription service to aggregate all your transportation subscriptions and a plastic card to pay for your rides. According to Wired, Citymapper will start with two weekly subscription
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Resooma, the U.K. accommodation booking platform, is entering the fintech and utilities space with the launch of Resooma Bills, a new product to help “gen rent” manage household expenditure. The Cardiff, Wales-based company’s core offering is an accommodation marketplace primarily targeting students and other renters aged 18-30. Previously trading under the brand name of University
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Allianz X, the venture capital arm attached to German insurance giant Allianz, has increased the size of its fund to €1 billion, around $1.1 billion, according to an announcement made today. The fund was initially €430 million, or around $490 million, when it launched in 2016. This new injection comes directly from parent Allianz SE, the 124-year-old
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Entrepreneur First (EF), the London-headquartered “talent investor” that recruits and backs individuals pre-team and pre-idea to enable them to found startups, has raised a new fund of its own to continue scaling globally. The $115 million first close was led by a number of leading (mostly unnamed) institutional investors across the U.S., Europe and Asia,
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Darktrace helped pave the way for using artificial intelligence to combat malicious hacking and enterprise security breaches. Now a new UK startup founded by an ex-Darktrace executive has raised some funding to take the use of AI in cybersecurity to the next level. Senseon, which has pioneered a new model that it calls “AI triangulation” — simultaneously
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I first encountered the founders of Litho, a new hardware and software startup developing a new finger-worn controller, at London’s Pitch@Palace last April. The event sees startups pitch in front of the British royal family and other esteemed guests, and naturally the company’s young founders, 24-year-old Nat Martin (CEO) and 25-year-old Charlie Bruce (CTO), were
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A final report by a British parliamentary committee which spent months last year investigating online political disinformation makes very uncomfortable reading for Facebook — with the company singled out for “disingenuous” and “bad faith” responses to democratic concerns about the misuse of people’s data. In the report, published today, the committee has also called for
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ChargedUp, a U.K. startup that offers a mobile charging network that takes inspiration from bike-sharing, has closed £1.2 million in seed investment. Leading the round is Sir John Hegarty’s fund The Garage, and the ex-Innocent Smoothie founders fund JamJar. The funding will be used to grow the offering across the U.K. and for international expansion.
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Ant Financial, the financial services behemoth affiliated with Chinese e-commerce giant Alibaba, has made its first big move into Europe. It’s acquired London-headquartered payments company WorldFirst in a deal that sources tell us is valued at around $700 million. (That price would also line up with multiple reports from December claiming the two were in
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The European Union’s political institutions have reached agreement over new rules designed to boost transparency around online platform businesses and curb unfair practices to support traders and other businesses that rely on digital intermediaries for discovery and sales. The European Commission proposed a regulation for fairness and transparency in online platform trading last April. And late yesterday
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French startup Malt is raising a $28.6 million funding round (€25 million) with Idinvest Partners leading the round and existing investors ISAI and Serena also participating. Overall, the company has raised $36.6 million since its creation (€32 million). Malt has created a marketplace for companies and engineers working as freelancers. There are currently 100,000 freelancers
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As autonomous driving eventually transforms cars from transportation devices to mobile theaters or conference rooms we will need better audio inside them. And we’ve already seen that VCs like Andreessen Horowitz say “audio is the future.” So it’s interesting that Swedish sound pioneer Dirac has completed a new $13.2 million round of financing led by
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A long-time London-based entrepreneur re-surfaces today with the launch of Numan, a new kind of subscription business, with a rather unusual approach to a very old problem. Sokratis Papafloratos (pictured) is one of the more “serial of serial” European entrepreneurs. He was one of the first investors in Calm.com, the mindfulness sleep and meditation site
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Following the pre-Christmas drone debacle in the U.K. — which plunged thousands of people into travel misery after repeated drone sightings closed the runway at Gatwick, and later also briefly suspended departures at Heathrow — consumer drone maker DJI has announced it’s upgrading its geofencing system across Europe. It says its Geospatial Environment Online (GEO) 2.0 system
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As ever more transactions move onto digital platforms, a startup that is building a Swiss army knife of financial services — from payments to currency transfers, ID verifications and card issuing for companies to use by way of a single API — is announcing funding. Rapyd, a “fintech as a service” startup akin to AWS for
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