Europe

UK will allow Huawei to supply 5G — with ‘tight restrictions’

The UK government will allow Chinese tech giant Huawei to play a limited role in supplying the country’s 5G networks, it has been announced today. The government said the package of restrictions

Shipamax scores $7M Series A to digitise the logistics back-office

Shipamax, the London-based startup and YC graduate that is helping freight forwarders and other logistics companies automate their back-office processes, has raised $7 million. Leading the round is Mo

ManoMano raises $139 million for its home improvement e-commerce platform

French startup ManoMano is raising another mega round of funding. The company operates an e-commerce website for DIY, home improvement and gardening products. This time, ManoMano is raising $139 milli

Bird confirms acquisition of Berlin scooter rival Circ

If you didn’t see this coming, then clearly you didn’t have your eyes on the road. Bird, the LA-founded e-scooter giant, has confirmed that it is acquiring European competitor Circ, the mi

WholyMe, which makes natural products for chronic pain, closes seed round

WholyMe, a London startup that makes and markets “natural relief” products to manage chronic pain, has closed a £500,000 seed round from investors Financière Saint James, V1 Capital, Gui

Berlin venture studio Merantix raises $27M fund to concentrate on AI startups

Berlin-based Merantix, a venture studio that specifically concentrates on building “AI companies,” says it has raised a new €25 million fund ($27 million). Anchor investors include Trust

Teller raises $4M to take on Plaid in the US by providing API access to bank accounts

“They’re idiots, they’re really naive,” is how Stevie Graham, the co-founder of fintech Teller, once described Open Banking Limited, the body charged with delivering open banki

N26 reaches 5 million customers, including 250,000 in the US

Challenger bank N26 has reached 5 million customers. In 2019 alone, N26 managed to add more than 2.5 million customers. And the company’s growth rate seems to be accelerating, as N26 reached 3.5 mil

Facebook’s dodgy defaults face more scrutiny in Europe

Italy’s Competition and Markets Authority has launched proceedings against Facebook for failing to fully inform users about the commercial uses it makes of their data. At the same time, a German

London’s Met Police switches on live facial recognition, flying in face of human rights concerns

While EU lawmakers are mulling a temporary ban on the use of facial recognition to safeguard individuals’ rights, as part of a risk-focused plan to regulate AI, London’s Met Police has tod

Meet the B2B videoconferencing startup that’s gone crazy for online dating

Founder Andreas Kröpfl has spent almost a decade hard-grafting in the B2B unified communications space, building a videoconferencing business with a patented single-stream system and a claim of no &#

TikTok inks licensing deal with Merlin to use music from independent labels in videos and new Resso streaming service

TikTok, the fast-growing user-generated video app from China’s ByteDance, has been building a new music streaming service to compete against the likes of Spotify, Apple Music and Amazon Music. A

Dfinity launches an open-source platform aimed at the social networking giants

When Dfinity raised $102 million in funding in 2018 at a $2 billion valuation in a round jointly led by Andreessen Horowitz and Polychain Capital, it was thought of as a step-change in the world of bl

Language platform Busuu acquires video tutor startup, now plans IPO

Language-learning platform Busuu, which has fast expanded to take on traditional giants like Duolingo, says it has acquired the live video tutoring company Verbling for an undisclosed amount, other th

Dear Sophie: I live in Europe but want to move my startup to the US

"Dear Sophie" is a collaborative forum hosted by Extra Crunch and curated by Sophie Alcorn, who is certified as a specialist attorney in immigration and nationality law.

Boeing partners with Tactical Robotics to develop VTOL tech

Boeing has signed a new agreement with Israel-based Tactical Robotics, an exploratory deal that will see the two companies work together jointly on “developing, producing and marketing” ai

TriggerMesh scores $3M seed from Index and Crane to help enterprises embrace ‘serverless’

TriggerMesh, a startup building on top of the open-source Kubernetes software to help enterprises go “serverless” across apps running in the cloud and traditional data centers, has raised

UK watchdog sets out ‘age appropriate’ design code for online services to keep kids’ privacy safe

The UK’s data protection watchdog has today published a set of design standards for Internet services which are intended to help protect the privacy and safety of children online. The Informatio

Tencent to grow gaming empire with $148M acquisition of Conan publisher Funcom in Norway

Tencent, one of the world’s biggest video and online gaming companies by revenue, today made another move to help cement that position. The Chinese firm has made an offer to fully acquire Funcom

Ophelia Brown’s Blossom Capital raises new $185M European early-stage fund

Blossom Capital, the early-stage VC firm co-founded by ex-Index Ventures and LocalGlobe VC Ophelia Brown, is announcing a second fund, less than 12 months since fund one closed. The new fund, which is
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