Ometria, a customer marketing platform which says it’s “AI-powered” has raised $6m in Series A funding. US-based Summit Action led the round, along with an investment syndicate backed by individuals with roles inside some key retailers. Ometria has now raised a total of $11m to accelerate the development of its customer marketing platform, which, it
Uber and Deliveroo execs faced questions from a UK parliamentary committee today as the government continues to deliberate on changes to employment law to account for the rise of gig economy work facilitated by tech platforms. Ride-hailing giant Uber was also grilled over what one committee member dubbed its “aggressive” response to TfL’s recent decision
Carspring, the London and Berlin-based startup that makes it easy to buy a used car, has gone quiet, amid reports that its recent £5 million in Series B funding fell through. According to sources, Rocket Internet has pulled its investment in the company, which it co-founded with ex-McKinsey management consultants Peter Baumgart and Maximilian Vollenbroich.
Nokia, the once-mighty phone maker that eventually retreated to a business based around networking equipment and targeted verticals like health and imaging, is rethinking its business strategy once again. Today, the company announced that it would cease building its pricey OZO virtual reality cameras after finding that the VR market was developing “slower than expected”.
TechCrunch Disrupt Berlin, our premier European event is fast approaching this December. And that means some of the top players from Silicon Valley will be coming over. In this context, we are always interested in the experiences of European entrepreneurs who have made the transition from a successful European startup to joining the ecosystem in
Laundryheap is a London-headquartered laundry on-demand startup that has taken a different path to competitors such as Laundrapp and Rocket Internet’s Zipjet. Rather than raise VC funding, the company, which claims to already be break even and is operational in London, Birmingham, Manchester, Dublin and Dubai, has been entirely bootstrapped over the last three years.
Uber’s new CEO, Dara Khosrowshahi, continues to be keen to be seen to be doing things differently vs the Travis Kalanick era Uber which got bogged down with so many scandals — most recently culminating in the company being stripped of its license to operate in London, leading to a public apology from Khosrowshahi. The latest
The global e-commerce race — and how it is underpinned by logistics, delivery and economies of scale — continues to heat up. And today, the Belgian Post Group, also known as bpost, announced its latest move to bulk up its operations in North America. It has acquired Radial, the fulfilment company formerly known as eBay
The thorny issue of tracking of location data without risking individual privacy is very neatly illustrated via a Freedom of Information (FOI) request asking London’s transport regulator to release the “anonymized” data-set it generated from a four week trial last year when it tracked metro users in the UK capital via wi-fi nodes and the
The annual, European Commission supported EU Code Week kicks off tomorrow, running for two weeks through to October 22. As per last year there are thousands of free introductory coding events being run by various organizations in different European countries (and a smattering beyond). Local events can be found via the EU Code Week website’s
Privacy rights group, Privacy International, is running a crowdfunding campaign to try to raise funds to help cover its legal costs as it continues to challenge the UK government’s use of hacking as a mass surveillance technique for domestic security agencies to gather intelligence. The group is hoping to raise £5,000 via this route, noting that
In Arabic, Indian or Eastern cultures where people can’t really have an open dating profile, the traditional Tinder/Happn/Bumble/Badoo etc dating apps don’t work too well as they are based on images. It turns out chat bots may be the way forward in these markets if a recent VC investment is anything to go by. NearGroup,
UK-based insurance giant Aviva has announced it’s buying a majority stake in robo investment startup, Wealthify. The financial value and exact size of Aviva’s majority stake has not been disclosed but a spokesman told us: “It is a significant investment and importantly, gives us access to Aviva’s millions of UK customers which will help us
Today, the reason you have an Amazon Alexa sitting on your coffee table or by a couch is because it needs to be able to hear you clearly when you speak. Too near the TV and it’ll go ordering strange things, whenever someone, like South Park’s Cartman, says “Alexa!” What is required is the kind
French telecom company Orange is launching a bank. But it turns out that launching a bank is harder than expected. After many delays, Orange CEO Stéphane Richard finally announced that Orange Bank will be live on November 2 — La Tribune first reported the launch details. At some point, Orange realized that many people control their bank
The European Commission under Competition Commissioner Margrethe Vestager definitely means business. Today it issued not one but two notices related to ongoing investigations of tech giants Apple and Amazon and how they are not paying what is due in taxes. The result is a doozy. The EC says that Ireland has failed to collect up to €13
Few people thought that a simple site which allowed teachers to create quizzes for their classes online would get this far, but Kahoot has been a smash hit since it launched. Only a few months after Kahoot closed a $20 million funding round, with Microsoft Ventures participating, it’s now pressing the revenue button by launching
MessageBird, a cloud communications platform that counts publicly listed Twilio as a competitor, has raised a hefty $60 million in Series A funding. The round is being led by Accel in the U.S., with Atomico, the VC firm founded by Skype’s Niklas Zennström, leading in Europe. Notably, I’m told this is the largest Series A
In its ongoing war against online extremism the UK government has said it intends to change the law to bring in tougher sentences for people who repeat view terrorist content online — increasing the maximum penalty to up to 15 years behind bars. We are announcing plans to tighten the law around online radicalisation –
Last year, a new VC emerged in Silicon Valley, designed to deal with the world’s biggest problems. 50 Years said it wanted to solve real-world problems, while at the same time as making money. What if you took that ethos and created a sort of Ycombinator-for-good? Today London, seems to be poised to catch up
Truphone, a mobile company based out of London that made a name for itself through low-cost international mobile voice and data plans, is taking a very big step forward in a strategy to catapult itself into the future of communications: the company has picked up a massive £255 million ($339 million), funding that it will
A new law has come into force in Germany aimed at regulating social media platforms to ensure they remove hate speech within set periods of receiving complaints — within 24 hours in straightforward cases or within seven days where evaluation of content is more difficult. The name of the law translates to ‘Enforcement on Social
Curve, the London fintech startup that lets you consolidate all your bank cards into a single card and track your spending, has partnered with accounting software Xero to remove much of the friction involved in filing expenses. The move is part of the newly-launched ‘Curve Connect’ feature that will see Curve connect to a growing
Uber’s new CEO Dara Khosrowshahi will go to London to meet with the city’s transport commissioner following the regulator’s decision to withdraw licensing. A Transport for London (TfL) spokeswoman confirmed that the meeting will take place next Tuesday. “Following an approach from Uber and at the mayor’s request London’s transport commissioner will meet with Uber’s global
Rovio, maker of the Angry Birds gaming franchise, saw a small pop of 4.3 percent in its first day of trading as a public company, but like the very birds that get catapulted in Rovio’s original blockbuster game, the rise was not to last. After pricing its IPO at €11.50 per share — the top of
Social media giants have again been put on notice that they need to do more to speed up removals of hate speech and other illegal content from their platforms in the European Union. The bloc’s executive body, the European Commission today announced a set of “guidelines and principles” aimed at pushing tech platforms to be more pro-active
LetGo, a startup that has built a marketplace for people to buy and sell used goods, is one of the fastest growing apps in the U.S. at the moment according to comScore, with some 75 million downloads, “tens of millions” of active users, and 200 million listings in the last two years. Now it is
Daimler — the German car giant that owns Mercedes-Benz among other brands — has made one more acquisition to further its reach in ridesharing and what it sees as the next generation of how cars are owned and used. It has acquired Flinc, a startup also out of Germany that has built a platform and
Google has rolled out changes to how it displays search results for products in Europe to try to comply with an EU antitrust ruling against its Google Shopping search comparison service. A multi-year EU antitrust investigation into Google’s practices around search comparison ended this June with the European Commission handing the company a €2.42 billion (~$2.73BN) fine for antitrust
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?