Tier Mobility, the Berlin-based e-scooter firm, boosts Series B funding round to $100 million
The Berlin-based e-scooter startup Tier Mobility has extended its Series B funding round to $100 million, up from an initial $60 million first announced in October, according to Bloomberg. The mobility platform was first founded in late 2018, and already operates in 55 cities and 11 countries. The new funding comes from equity and debt financing through […]
Atomico raises its largest fund yet, with $820m to back Europe’s “mission-driven” startups
The venture capital firm Atomico has closed its fifth fund, raising $820 million to invest in European startups, according to Tech Crunch. It’s the largest fund raised by the London-based VC firm since it was founded by Skype co-founder Niklas Zennstrom in 2006. The fund will focus on backing “mission-driven” projects at the Series A stage, but also has […]
Yubo shows how a FrenchTech app can go global
While social media platforms like Facebook have come under fire for their harmful impact on mental health, particularly for younger users, the success of one “Made in France” social media platform suggests there’s room for a new approach. Yubo, the French social media startup that emphasizes the “social” aspects of its teen-focused platform, has drawn […]
Digital policy chief says AI and industrial data offer Europe a “second chance” at tech leadership
Europe’s digital policy chief Margrethe Vestager says Europe has a “second chance” to compete with tech sectors in the US and China, by using artificial intelligence (AI) to leverage big data from Europe’s largest companies, according to Politico. “One of the reasons why we don’t have a Facebook and we don’t have a Tencent is that […]
Belgian healthtech firm OncoDNA raises €19m for precision cancer treatments and analysis
The Belgian healthtech startup OncoDNA has closed a €19 million Series B funding round to support international growth, software development, and new hiring initiatives, according to EU-startups.com. Since it launched in 2012, the company has become a leader in precision molecular analysis, helping doctors provide personalized treatments tailored to each patient’s individual cancer profile. The company offers […]
US competition authority demands details on acquisitions by Google, Facebook, and other tech giants
The US Federal Trade Commission (FTC) has ordered five major tech companies to provide details on acquisitions of smaller companies over the past ten years, according to The Guardian. Information on the purpose and scope of the acquisitions will help inform antitrust investigations into the five companies, which include Amazon, Apple, Facebook, Google, and Microsoft. While the […]
Facebook has acquired the UK startup Scape Technologies, with precision ‘AI vision’ location tools
Facebook has acquired the UK company Scape Technologies, a startup offering tools to identify locations more accurately than GPS using AI computer vision, according to Tech Crunch. Few details on the deal have been released, but regulatory filings obtained by Tech Crunch indicate that Facebook has gained majority control of Scape Technologies, in what they estimate […]
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 […]
France fines Apple €25m, for slowing performance on older iPhones
French regulators have issued a €25 million fine against Apple, for slowing the performance of older iPhone without notifying users—the result of a probe that began in 2018, according to Tech Crunch. Apple will also be required to display a notice on its website for a month, informing users that regulators had found it had carried […]
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 […]