Unfortunately, most funding networks are often old boys’ clubs. But more women-led investor firms like BB Ventures, Kapor Capital and Backstage Capital in the U.S. and Allbright in the U.K. are demonstrating to the VC world that you can bring real business AND be intentional about funding diverse ventures, at the same time. Who knew?
Naspers, the South African media and internet giant, has upped its stake in Delivery Hero, the Berlin based food-delivery giant that went public earlier this year and has a market cap of $6.8 billion. Naspers has acquired another 13 percent of the company, 22.4 million shares, equivalent to about €660 million ($775 million), from Rocket Internet.
The French tech scene — ‘La French tech’ as they like to call it — has been making waves recently, while France generally has been benefiting from the ‘Macron bounce’. So it’s only right that we highlight whats going on there at TechCrunch Disrupt Berlin, our premier European event. That means bringing over key players
Uber is in court in the UK today to appeal a ruling by an employment tribunal last October which judged a group of drivers to be workers, rather than self-employed contractors. The decision made Uber liable for paying the drivers the UK’s national minimum wage, as well as holiday pay and providing work breaks. It also
You’d think that parents being able to find stuff for their kids to do would have been a solved problem by now, but apparently not. Indeed, the trend is towards more on-demand content on phones in this area which is why the Sawyer, based out of New York managed to close a round of financing
Fintech startup Revolut is trying so many things at once that it’s hard to keep track of everything. This time, the company is partnering with Simplesurance to launch a new insurance product. You can now insure your cell phone for £1 per week/£42 per year, which represents $1.35 per week/$56.50 per year. Most telecom companies
Europe is considering changing its copyright law. At first blush, you might think this couldn’t possibly affect the way you debate the news of the day online, upload family videos or run your startup. But popular proposals at the EU would strike at the heart of the internet’s openness and accessibility as a platform by raising new
French startup Eligo Bioscience just raised $20 million to develop next-gen biotherapeutics. Khosla Ventures is leading the round. This is also Khosla Ventures’ first investment in a French startup. Existing investor Seventure Partners is also participating, and the startup received a $2 million grant from the Worldwide Innovation Challenge. Eligo Bioscience has been working on
A UK court has reaffirmed the power for state agents to use sweeping counterterrorism legislation to require travelers hand over the passwords for their digital devices for their contents to be searched at borders. A London court today found Muhammad Rabbani guilty of willfully obstructing the police by failing to hand over device passwords and the
Uber’s new CEO Dara Khosrowshahi has written an open letter apologizing for “mistakes we’ve made” following the announcement on Friday by London’s transport regulator that it was withdrawing licensing from Uber — having deemed it is not “fit and proper” to operate. In the letter Khosrowshahi thanks Uber users for “support over the last few days”
Synthace, a UK startup using open source technology to make process in biotechnology move faster, has raises a £7.3m Series A round. New investors White Cloud Capital, Amadeus Capital Partners and Eleven Two Capital participated alongside existing investors that included Sofinnova Partners, SOSV and Bioeconomy Capital. The Company’s Antha operating system replaces processes which are
Inkitt, which bills itself as “the world’s first reader-powered book publisher,” has raised $3.9 million in pre-series A funding, in a round led by Redalpine, with Frontline Ventures, Speedinvest and a number of private investors also participating. The Berlin-based startup is part writing and reading community, and part publishing house, with one aspect feeding the
Deliveroo, the London headquartered restaurant food delivery startup, has raised $385 million in new funding, giving it a valuation of “over $2 billion,” according to the company. The Series F round is led by U.S. fund managers T. Rowe Price, and Fidelity — who have previously backed the likes of Facebook, AirBnB and Tesla —
The tech industry’s over-processed supply of irony might not be enough to service all the ramifications of Uber being stripped of its London license by the city’s transport regulator. Uber advocates were immediately scrambling to bust out the reactionary clichés — painting the regulator as “anti-innovation” and claiming London is now ‘closed for digital business’.
In a huge blow to Uber in the UK London’s transport regulator has rejected its application to renew its license to operate in the city. In a statement today TfL said it has concluded that Uber is “not fit and proper to hold a private hire operator licence”. “TfL’s regulation of London’s taxi and private
Shopping may be turning into an increasingly virtual exercise, with people buying goods online and through apps, but there is no denying the power of a physical in-store experience — a lesson that Microsoft is taking to heart. Today the company announced it will be opening a new flagship store in London in Regent Street near
Europe’s executive body has revealed more of its thinking on reforming taxation rules to reflect how digital businesses operate, issuing details of proposals it’s considering ahead of another meeting of EU ministers next week. Options on the table for EU countries to discuss are a turnover tax, a levy on Internet ads or withholding money
Malware that piggybacked on CCleaner, a popular free software tool for optimizing system performance on PCs, appears to have specifically targeted high profile technology companies and may have been an attempt to harvest IP — perhaps for commercial or state-level espionage. In an update on its investigation into the malware, which was revealed to have
Urban transport navigator app Citymapper is experimenting with creating another transport service based off of analysis of the journey data its users generate — and using software it built to identify underserved transport routes. Today it’s announced a tie-up with Gett‘s UK black cab hailing app to run two commuter lines of shared taxis in London,
Tech giants are once again being urged to do more to tackle the spread of online extremism on their platforms. Leaders of the UK, France and Italy are taking time out at a UN summit today to meet with Google, Facebook and Microsoft. This follows an agreement in May for G7 nations to take joint action
You’ve probably never heard of Lovoo but in German-speaking countries (Germany, Switzerland, and Austria) it’s the number one dating in terms of app store downloads. It’s also in the top 3 in Southern Europe (such as Italy, Spain, France). It’s now being sept off its feet (ok, acquired) by The Meet Group, which owns other
There are many solutions when a traveler wants to rent a property: websites like Airbnb, local agents, hotels, private properties to name the obvious. When it comes to luxury properties, the options become a tad more rarified. Luxury travel estimated to be worth between $25 billion and $30 billion per year. So far only OneFineStay
8fit, a popular health and fitness app that offers tailored workouts and meals plan, has raised $7 million in Series A funding. Backing the round are VCs Creandum and Eight Roads Ventures. It brings total funding for the Berlin-based startup to $10 million. Separately, a source tells me that the company is generating more than
Wikileaks has released a new cache of documents which it claims detail surveillance apparatus used by the Russian state to spy on Internet and mobile users. It’s the first time the organization has leaked (what it claims is) material directly pertaining to the Russian state. As ever, nothing is straightforward when it comes to Wikileaks.
iZettle, the startup based out of Sweden that competes against the likes of Square and PayPal to provide card transaction services from smartphones and tablets, is adding a little more money to its coffers today, specifically to ramp up in emerging technologies like artificial intelligence. The company announced it has received €30 million ($36 million)
Victor, which bills itself as the “largest ‘on-demand’ marketplace for private jet charter,” has raised $20 million in new funding, bringing total raised to date to $44.45 million since launching in 2011. BP Ventures, BP’s investment arm, led the round, putting in $10 million, whilst the London headquartered startup says it plans to use the
Funnel, a startup headquartered in Stockholm that sells a SaaS to help companies analyse the effectiveness of online marketing spend across multiple channels, has raised $10 million in Series A funding. London VC Balderton Capital led the round, with participation from existing investors including Industrifonden and Zobito. The startup says it will use the new
Well, GoCardless co-founder and CEO Hiroki Takeuchi knows how to work a non-denial denial. When I interviewed him a few weeks ago for an extensive profile piece we ran yesterday, he wouldn’t be drawn on if the hot London fintech was raising a new round. Today — and a little earlier than was planned, thanks
French startup Younited Credit is building the biggest crowdlending platform in continental Europe. The company just raised $47.8 million (€40 million) to launch in new countries, work on new product features and more. Younited Credit is currently live in France, Spain and Italy as a consumer-facing product. Consumers can borrow anything between $1,200 and $48,000
London’s transport regulator, Transport for London, has released details of a new more expansive and expensive system of tiered license fees for private hire operators that will drive up the fees that ride-hailing companies like Uber need to pay to operate in the city. Uber previously paid £2,826 for a five-year license from TfL. Under the