French startup raises €2.25m to develop smartwatch that monitors glucose levels in diabetes patients

The Paris-based healthtech startup PKvitality has raised €2.25 million from a major German manufacturer, to develop an advanced glucose monitoring smartwatch for patients with diabetes, according to EU-Startups.com. Called the K’Watch, the smartwatch would be the first device to allow effortless, painless, constant, and precise monitoring of glucose levels while on the go. It would […]

Antler raises another $50m to help launch startups, with backing from Facebook co-founder

Antler raises another $50m to help launch startups, with backing from Facebook co-founder

The ‘startup generator’ Antler has raised another $50 million to support fledgling startups, with investment from Facebook co-founder Eduardo Saverin, according to TechCrunch.  With locations in London, Amsterdam, Stockholm, New York, Sydney, Nairobi, and Singapore, Antler offers a company building program for selected applicants, focused on early-stage funding. They assist entrepreneurs in the first steps of establishing their […]

Tesla reports record production, with shares on the rise

Tesla reports record production, with shares on the rise

Tesla produced a record number of vehicles in last year’s fourth quarter, meeting their year-end goal, according to Bloomberg, sparking optimism among investors.  Tesla’s annual deliveries for 2019 increased by about 50 percent from the year before.  Production also included 1,000 cars from a new factory in Shanghai, with deliveries to Chinese customers starting last month. […]

Libra official remains optimistic despite regulatory hurdles, says the cryptocurrency will benefit Europe

A Libra Association executive says it’s still hoping for a 2020 rollout for the digital currency, despite regulatory obstacles and mounting criticism from officials, according to Politico. Facebook’s plans for Libra have faced a nearly constant barrage of criticism and new setbacks from regulators. Officials have expressed concern that it could undermine official currencies, impact global […]

Google will abandon Dutch and Irish tax loopholes, as rules shift on both sides of the Atlantic

Google says it will no longer use the controversial “Double Irish, Dutch sandwich” tax scheme, a set of loopholes that have allowed it to pay a single-digit tax rate on profits made outside the US, according to Reuters.  In the widely used tax strategy, companies first transfer funds from an Irish subsidiary to a Dutch holding company, […]

The UK’s competition authority will investigate Amazon’s investment in Deliveroo

Amazon’s move to invest in the London-based food delivery platform Deliveroo will be investigated by the UK’s Competition and Markets Authority (CMA), the agency announced Friday, according to The Guardian. The CMA raised concerns earlier this month that Amazon’s £442 million investment would lead to higher prices and reduced quality of services for consumers, restaurants, and grocers. […]

Co-founder and former CEO Travis Kalanick steps down from Uber’s board

Uber co-founder Travis Kalanick will step down from the company’s board at the end of the year, cutting ties with the ride-sharing platform and selling the rest of his shares, according to Ars Technica.  Investors ousted Kalanick as Uber’s CEO following a series of scandals and scrutiny of the company’s workplace culture in 2017, but he […]

French startup Majelan raises another €6m for its personalized podcast platform

The French podcast platform Majelan has raised an additional €6 million in funding, according to EU-startups.com, to develop its app offering thousands of podcasts in one place. The startup is also publishing original audio content to compete with established companies like Apple, Spotify, Audible, and Luminary.  “Podcasts are growing in popularity in France, with more than […]

German court ruling effectively bans Uber from operating in Germany

A Frankfurt court has effectively banned Uber’s ride-hailing service in Germany, according to Reuters, in yet another major setback for the company after losing its license to operate in London. In Germany and much of the European Union, Uber exclusively works with licensed drivers through private hire vehicle companies, to comply with a 2017 decision from the region’s […]

Belgian firm Odoo raises $90m to develop and expand its business software platform

The Belgian firm Odoo has raised $90 million to fund product development and global expansion for its all-in-one business software, according to Tech.eu.  Odoo Enterprise offers 30 applications to help businesses of every size run nearly every aspect of their company, from accounting to manufacturing, project management, marketing, human resources, and eCommerce, to name just a […]