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

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 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 […]

French startup ManoMano raises €125 million for its DIY home improvement platform

The French startup ManoMano has raised €125 million in a Series E funding round, to further develop its online marketplace for home improvement and gardening products, according to EU-startups.com. Founded in 2013, the company has now raised a total of €310 million. Last year was a banner year for ManoMano. The company grew 50 percent in […]

New funding round from Ophelia Brown’s Blossom Capital draws $185m for Europe’s startups

The UK’s Blossom Capital has announced its second funding round, totaling $185 million, for early-stage funding of Europe’s tech startups, according to EU-startups.com.  Co-founded by Ophelia Brown, formerly of Index Ventures and LocalGlobe VC, Blosson Capital is aiming to become the lead investor for Series A and seed funding rounds in Europe’s startup scene, with a […]

Despite threats of US retaliation, the UK will tax tech giants, with support from Europe’s digital policy chief

The UK will move forward with its plan to tax multinational digital firms, despite retaliatory threats from US officials, chancellor Sajid Javid said at the World Economic Forum in Davos earlier this week, according to The Guardian. “We plan to go ahead with our digital services tax in April,” he said. “It is a proportionate tax, and […]

German startup Grover secures €250 million for its tech subscription service

The Berlin-based startup Grover has drawn €250 million in funding, to expand its tech subscription service in Germany and into the rest of Europe, according to Tech.eu.  Founded in 2015, Grover offers a subscription service allowing users access to over 2,000 tech devices such as laptops, smartphones, virtual reality equipment, micromobility vehicles, and wearable tech. In […]

Google acquires Pointy, an Irish startup with tools to help local retailers list products online

Google has announced plans to acquire the Dublin-based startup Pointy, which offers digital solutions to help local, brick-and-mortar retailers list their products online to compete with Amazon, according to Venture Beat. The two companies did not disclose the sale price, but Yahoo Finance reported that it’s a $163 million deal. The acquisition is expected to go […]

UK startup Jolt raises another €12.7m for its streamlined alternative to business school

The UK education startup Jolt has raised an additional €12.7 million for its accessible, flexible approach to business classes, according to EU-startups.com. The new funding round, led by Balderton Capital, brings Jolt’s total funding raised to €20.9 million. The company was founded in 2015, launched a marketplace for live business class videos in 2016, and opened […]