Europe

The fallout from Uber’s disclosure yesterday of a massive data breach affecting 57 million users and drivers that it concealed for a year continues: The UK’s data protection watchdog has put out a strongly worded statement saying the company’s announcement “raises huge concerns around its data protection policies and ethics”. It has also warned that
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“The maturity of founders is just exponentially better and different from when we started in ‘07,” says Seedcamp co-founder and Managing Partner Reshma Sohoni. “[They are] so much more knowledgeable, so much more practiced in the art of starting up”. I’m on a conference call with Sohoni, Seedcamp’s other Managing Partner Carlos Espinal, and three
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Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: Boku, a United States-based carrier billing company, listed on the London Stock Exchange’s Alternative Investment Market (AIM) recently, selling £45 million in stock. Only about one-third of those shares were from the company, however, with the rest
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The Raspberry Pi Foundation has been incredibly successful at sparking all sorts of creativity via its low cost microcomputers, which arrived in the market back in 2012. Its core electronics are also indirectly responsible for UK-based learn-to-code startups like Kano and pi-top, which have built devices and VC-backed businesses atop Pi. Well here’s another UK
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Two companies are better than one: Perkbox, the U.K. startup that helps companies engage and reward employees and customers, has acquired London-based Loyalty Bay, which offers a SaaS platform for the automated delivery of digital rewards. Terms of the deal remain undisclosed, though I understand it was cash and Loyalty Bay’s backers have exited. The
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BuzzFeed has obtained a statement from Facebook in which the tech giant admits, for the first time, that some Russia-linked accounts may have used its platform to try to interfere in the UK’s European Union referendum vote in June 2016. Which means Russian agents weren’t just using Facebook to meddle in the 2016 US presidential election,
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Lofelt, a Berlin-based startup that is developing ‘next-generation’ haptic technology for use in a range of products — including gaming, AR, VR, automobile, consumer electronics, toys, medical, and entertainment — has raised $5.4 million in Series A funding. Leading the round is Wolfman.One, with participation from Q Venture Partners, Coparion, and previous backer Horizons Ventures.
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European Union financial regulator, the ESMA, has become the latest regulatory body to issue a warning about the risks of buying into — and running — ICOs, aka the crypto coin fundraising tool that has boomed in recent times to take advantage of an apparent legal grey area between issuing ‘software presale tokens’ vs a formal
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