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Uber only has itself to blame for London license loss
The tech industry’s over-processed supply of irony might not be enough to service all the ramifications of Uber being stripped of its London license by the city’s transport regulator. Read More
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Uber loses its license to operate in London
In a huge blow to Uber in the UK London’s transport regulator has rejected its application to renew its license to operate in the city. In a statement today TfL said it has concluded that Uber is “not fit and proper to hold a private hire operator licence”. “TfL’s regulation of London’s taxi and private hire trades is designed to ensure passenger… Read More
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Microsoft confirms plans for a new flagship store in Regent Street opposite Apple
Shopping may be turning into an increasingly virtual experience, with people buying goods online and through apps, but there is no denying the power of a physical in-store experience — a lesson Microsoft is taking to heart. Today the company announced it will be opening a new flagship store in London — just a stone’s throw from the Apple flagship store. Read More
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CCleaner supply chain malware targeted tech giants
Malware that piggybacked on CCleaner, a popular free software tool for optimizing system performance on PCs, appears to have specifically targeted high profile technology companies and may have been an attempt to harvest IP — perhaps for commercial or state-level espionage. Read More
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Citymapper ties with Gett to launch shared taxi commuter route in London
Urban transport navigator app Citymapper has announced a tie-up with Gett’s UK black cab hailing app to run two commuter lines of shared taxis in London, morning and evenings, between Highbury in North London and the Waterloo transport hub in the south. Read More
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Pointy, a startup that lets local retailers easily put stock online with a simple gadget, raises $6M
Pointy, an Irish start startup that lets local retailers put their stock online so that they can be discovered via search engines, has raised $6 million in Series A funding. The round is being led by Frontline Ventures, alongside Paul Allen’s Vulcan Capital, Draper Associates and a number of notable angel investors. Read More
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Tech giants told to remove extremist content much faster
Tech giants are once again being urged to do more to tackle the spread of online extremism on their platforms. Leaders of the UK, France and Italy are taking time out at a UN summit today to meet with Google, Facebook and Microsoft. This follows an agreement in May for G7 nations to take joint action on online extremism. Read More
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German dating app Lovoo is acquired for $70M by The Meet Group
You’ve probably never heard of Lovoo but in German-speaking countries (Germany, Switzerland, and Austria) it’s the number one dating app in terms of app store downloads. It’s also in the top 3 in Southern Europe (such as Italy, Spain, France). It’s now being swept off its feet (ok, acquired) by The Meet Group, which owns other dating properties. The price is a romantic… Read More
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Le Collectionist raises $10M to expand luxury travel platform and offices globally
There are many solutions when a traveler wants to rent a property: websites like Airbnb, local agents, hotels, private properties to name the obvious. When it comes to luxury properties, the options become a tad more rarified. Luxury travel estimated to be worth between $25 billion and $30 billion per year. So far only OneFineStay and LuxuryRetreats come the closest in delivering it online… Read More
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8fit, a health and fitness app that offers tailored workout and meal plans, closes $7M Series A
8fit, a popular health and fitness app that offers tailored workouts and meals plan, has raised $7 million in Series A funding. Backing the round are VCs Creandum and Eight Roads Ventures. It brings total funding for the Berlin-based startup to $10 million. Read More
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iZettle raises $36M from Europe, earmarked for AI and other new tech
iZettle, the startup based out of Sweden that competes against the likes of Square and PayPal to provide card transaction services from smartphones and tablets, is adding a little more money to its coffers today, specifically to ramp up in emerging technologies like artificial intelligence. Read More
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Funnel raises $10M led by Balderton Capital to help companies analyse online marketing spend
Funnel, a startup headquartered in Stockholm that sells a SaaS to help companies analyse the effectiveness of online marketing spend across multiple channels, has raised $10 million in Series A funding. London VC Balderton Capital led the round, with participation from existing investors including Industrifonden and Zobito. Read More
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GoCardless, a fintech that makes recurring payments easy for subscription businesses, raises $22.5M
Well, GoCardless co-founder and CEO Hiroki Takeuchi knows how to work a non-denial denial. When I interviewed him a few weeks ago for an extensive profile piece we ran yesterday, he wouldn’t be drawn on if the hot London fintech was raising a new round. Today, the company is announcing $22.5 million in new funding. Read More
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Younited Credit raises $47.8 million for its crowdlending platform
French startup Younited Credit is building the biggest crowdlending platform in continental Europe. The company just raised $47.8 million (€40 million) to launch in new countries, work on new product features and more. Younited Credit is currently live in France, Spain and Italy as a consumer-facing product. Consumers can borrow anything between $1,200 and $48,000 (€1,000 and… Read More
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