Revolut raises additional $500m in Series D funding round, boosting valuation to $5.5b
The global financial platform Revolut has raised an additional $500 million in a Series D funding round, bringing the total round to $836 million, according to TechCrunch. It also boosts Revolut’s total value up to $5.5 billion, making it one of the highest valued fintech startups in the world, with over 10 million customers. The platform […]
Speedinvest raises €190m to invest in European tech startups
The European venture capital firm Speedinvest has raised a new €190 million fund to invest in Europe’s early-stage startups, according to EU-startups.com. Speedinvest met its target for the fund ahead of schedule, thanks to robust investor demand, and the fund is now “oversubscribed,” the firm says. The firm typically funds promising new companies with anywhere between €50,000 to €1.5 […]
Tier Mobility, the Berlin-based e-scooter firm, boosts Series B funding round to $100 million
The Berlin-based e-scooter startup Tier Mobility has extended its Series B funding round to $100 million, up from an initial $60 million first announced in October, according to Bloomberg. The mobility platform was first founded in late 2018, and already operates in 55 cities and 11 countries. The new funding comes from equity and debt financing through […]
Atomico raises its largest fund yet, with $820m to back Europe’s “mission-driven” startups
The venture capital firm Atomico has closed its fifth fund, raising $820 million to invest in European startups, according to Tech Crunch. It’s the largest fund raised by the London-based VC firm since it was founded by Skype co-founder Niklas Zennstrom in 2006. The fund will focus on backing “mission-driven” projects at the Series A stage, but also has […]
Belgian healthtech firm OncoDNA raises €19m for precision cancer treatments and analysis
The Belgian healthtech startup OncoDNA has closed a €19 million Series B funding round to support international growth, software development, and new hiring initiatives, according to EU-startups.com. Since it launched in 2012, the company has become a leader in precision molecular analysis, helping doctors provide personalized treatments tailored to each patient’s individual cancer profile. The company offers […]
Facebook has acquired the UK startup Scape Technologies, with precision ‘AI vision’ location tools
Facebook has acquired the UK company Scape Technologies, a startup offering tools to identify locations more accurately than GPS using AI computer vision, according to Tech Crunch. Few details on the deal have been released, but regulatory filings obtained by Tech Crunch indicate that Facebook has gained majority control of Scape Technologies, in what they estimate […]
After losing billions last year, Uber now says it could become profitable in 2020
Uber says it could become profitable by the end of the year, even as it reported another quarter of heavy losses in 2019, according to The Verge. The ride-hailing firm posted losses throughout 2019. Last week, they reported $1.1 billion in fourth-quarter losses, down from second-quarter losses that reached $5.2 billion. The company says it lost […]
Danish startup JumpStory raises €900k to build Netflix-style subscription service for stock images
The Danish startup JumpStory has raised €900 thousand for its Netflix-style subscription platform providing stock images for marketers, according to EU-startups.com. JumpStory was founded to make it quicker and easier for marketers to find high quality, relevant images. In addition to subscription-based access to 15 million photos, videos, and other images, JumpStory uses AI to match […]
Skymind Global Ventures launches London office and an $800 million fund to back AI startups and research
Skymind Global Ventures is opening a London office, and launching a new $800 million fund to back AI startups and research, according to TechCrunch. As an extension to its current Hong Kong office, the London office will help support research, development, and business ventures across Europe and Asia. According to a statement from founder and CEO […]
Indian ride-hailing firm Ola will launch in London, where Uber faces the loss of its license
The Indian ride-hailing firm Ola will launch in London this February, after transit authorities revoked Uber’s license to operate in the city last year, according to Business Insider. The service launched in other UK cities in 2018, and was granted a 15-month license to operate in London last July. To gain a foothold in the UK’s […]