UK medtech startup Mogrify raises $20 million to develop innovative cell therapies
The Cambridge-based medtech startup Mogrify has raised $20 million to develop cutting-edge, life-saving cell therapies to treat cancer, autoimmune, respiratory, and musculoskeletal diseases, according to TechCrunch. After raising $4 million in seed funding earlier this year, they’ve now raised another $16 million in Series A funding, from investors including Ahren Innovation Capital, Parkwalk Advisors, 24Haymarket, and the University […]
Visa, Mastercard, and eBay abandon Facebook’s Libra cryptocurrency project
Facebook’s Libra cryptocurrency project suffered a major setback on Friday with the withdrawal of Visa, MasterCard, eBay, and other payment firms, according to BBC News and Ars Technica. PayPal had already announced plans to withdraw from the project last week. The companies were slated to join the Libra Association, a Geneva-based organization that would develop and manage the […]
German startup Lilium reportedly seeks over €450m in funding for air taxis
The German “flying car” startup Lilium is talking to investors in an effort to raise up to $500 million (€453 million) in a new funding round, sources told TechCrunch. Fundraising on that scale would mark the most capital yet raised by an air taxi startup, and could move the prospect closer to becoming a reality. Lilium […]
Berlin-based medical reference platform Amboss raises €30 million in Series B funding
The Berlin-based startup Amboss has raised €30 million in Series B funding, to develop its learning and reference platform for doctors, according to TechCrunch. Amboss was first launched in 2014 as a study tool for medical students, but has since developed into a quick and convenient reference source for medical staff to use on the job. […]
Macron announces €5 billion in funds to develop tech startups
President Emmanuel Macron announced last week that investors have pledged €5 billion to develop France’s fledgling, homegrown tech startups into larger companies. The government has already provided tax cuts and subsidies to assist startups, as well as a fast-track visa to attract foreign workers. But while Silicon Valley startups often see investment from venture capital […]
Google invests €3 billion to expand data centers in Europe, with a focus on clean energy
Google has announced plans to invest €3 billion to expand its data centers in Europe over the next two years, with a focus on sustainability and clean energy, according to Tech Crunch. The company’s data centers are hubs for digital storage, networking, and cloud computing for its services, allowing data to be stored online instead of […]
Google will pay France €1 billion to end years-long tax probe
Google will pay nearly €1 billion to French authorities to settle an ongoing investigation into its tax practices, according to The Verge. The payment includes a €500 million fine and tax payments of €465 million, still totaling less than the €1.6 billion Google was accused of failing to pay. Since 2016, authorities had been investigating whether […]
France says it will block Facebook’s Libra cryptocurrency in the EU
Facebook’s “Libra” cryptocurrency project faced another policy setback on Thursday, with France saying that it would block its implementation in the Europe, according to BBC News. The nation’s finance minister, Bruno Le Maire, voiced concerns over how the currency could allow Facebook to abuse its dominant position in the market, would threaten the monetary sovereignty of […]
Despite billions in sales, Amazon Europe received €241m in tax credits last year
Amazon Europe was granted €241m in tax credits last year, despite reporting nearly €30bn in sales, and even as authorities move to collect more taxes from tech giants. The credits could be deducted from taxes owed on future earnings, according to The Guardian. In recent years, tech companies in Europe, many of which are based in the […]
Offering a digital platform to manage rentals, UK startup Residently draws £7m in seed funding
The UK-based startup Residently has raised £7 million in seed funding, with a tech platform to simplify and modernize the rental process for tenants in London and New York, according to Tech Crunch. A press release from the company said they’ve earned backing from European venture capital firms including Felix Capital, LocalGlobe, and A/0 PropTech, as well […]