London revokes Uber’s license to operate, saying drivers were using fake identities

Uber has lost its license to operate in London, following findings that drivers had faked their identities to register on the platform, according to BBC News.  The city’s transit authority, Transport for London (TfL), declined to renew the company’s license at the end of a two-month probationary extension. The ridesharing platform had been warned that it […]

Investment in Europe’s tech startups surged 40 percent to a record $34.3 billion this year

Investment in Europe’s tech startups surged 40 percent to a record $34.3 billion this year

European startups earned a record level of investment in 2019, drawing $34.3 billion in venture capital since the start of the year, according to the latest “State of European Tech” report from the London-based VC firm Atomico. It’s a 40 percent increase from the year before, and occurred even as US and Asian markets saw investment slowing.  […]

French startup Angell unveils advanced, connected e-bike with integrated dashboard screen

French startup Angell unveils advanced, connected e-bike with integrated dashboard screen

The French startup Angell revealed its first e-bike this week, a ‘smart bike’ with advanced design and features, according to TechCrunch. The company is positioning itself to take advantage of an opportunity in the French market, where their data shows only 2 percent of commuters travel cities by bike, compared to 31 percent in the Netherlands […]

Textbook subscription platform Perlego, the ‘Spotify of books,’ raises £7m in Series A funding

Textbook subscription service Perlego has raised $9m (£7m) in a Series A funding round, to add new features and expand its platform into the European market, according to TechCrunch.  Perlego bills itself as “Spotify for textbooks,” offering access to a large collection of educational books for a flat monthly subscription fee. The library includes 300,000 eBooks […]

Google to offer personal “smart checking” bank accounts

Google has announced plans to offer “smart checking” accounts to consumers, partnering with banks and credit unions in the US. The move will see Google join other tech giants moving to provide financial services, according to BBC News.  Launched through Google Pay, the services will allow the use of Google’s analytics tools for conventional bank accounts.  […]

Balderton Capital raises $400 million to invest in European tech startups

London-based venture capital firm Balderton Capital has raised $400 million for its seventh investment fund to back Europe’s tech startups. The fund will focus on early, Series A funding for enterprise software companies, health tech, and “deep-tech” such as artificial intelligence, according to Bloomberg.  Earlier Balderton funds concentrated on financial technology and other areas, but the […]

E-scooter startup Voi raises $85 million in Series B funding round

Swedish e-scooter startup Voi has raised $85 million in a Series B funding round, to expand their e-scooter and e-bike network in Europe, according to TechCrunch. First launched in 2018, the company provides services in 38 cities in ten European countries, offering e-scooter and e-bike sharing. They say they have 4 million registered users and […]

Airbnb will now verify all of its listings, in sweeping policy shift

Airbnb will verify every one of its rental listings by the end of 2020, in a reversal of long-standing company policy, according to The Verge. For over a decade, the home-sharing platform has relied on agreements between guests and their hosts. The move follows a fatal mass shooting at one of its rentals this month, as […]

UK startup Medopad raises $25 million in Series B funding, led by Bayer

The UK-based startup Medopad has raised $25 million in a Series B funding round led by the pharmaceutical giant Bayer, to predict and track the development of chronic diseases using big data analysis, according to TechCrunch and VentureBeat. With AI analysis of vast sets of data from wearable and mobile devices, Medopad’s app tracks “biomarkers” in patients that […]

Google is set to acquire FitBit for $2.1 billion

Google is planning to purchase the wearable fitness tracker company FitBit for $2.1 billion, according to BBC News. With the acquisition, Google will now compete directly with Apple and other wearable technology companies, and will gain access to detailed health data from millions of FitBit users.  “With Google’s resources and global platform, Fitbit will be able […]