Europe

Used car marketplace Motorway picks up £11M Series A

Motorway, the U.K. used car marketplace, has raised £11 million in Series A funding. Leading the round is Marchmont Ventures, the fund managed by Hugo Burge and Alan Martin (the former CEO and CFO of

Monzo, the UK challenger bank, raises £113M Series F led by YC’s Continuity fund at a £2B post-money valuation

Monzo, the fast-growing U.K.-based challenger bank with more than two million account holders, has raised £113 million (~$144m) in additional funding. Confirming TechCrunch’s scoop in April, th

EU-US Privacy Shield legal showdown now set for July 9

A legal challenge to a data transfer mechanism that’s used by thousands of companies to authorize taking European citizens’ personal data to the US for processing has been delayed. As we r

Creandum closes $300M fund for early-stage investments out of Europe

As one European VC raises a fund to double down on bigger growth rounds in Europe, another has closed a fund to continue focusing on early-stage investments. Stocklhom-founded Creandum, an early backe

Facebook makes another push to shape and define its own oversight

Facebook’s head of global spin and policy, former UK deputy prime minister Nick Clegg, will give a speech later today providing more detail of the company’s plan to set up an ‘indepe

Facebook and eBay told to tackle trade in fake reviews

Facebook and eBay have been warned by the U.K.’s Competition and Markets Authority (CMA) to do more to tackle the sale of fake reviews on their platforms. Fake reviews are illegal under U.K. con

Behavioural advertising is out of control, warns UK watchdog

The online behavioural advertising industry is illegally profiling internet users. That’s the damning assessment of the U.K.’s data protection regulator in an update report published today

UK age checks for online porn delayed after bureaucratic cock-up

The UK government has delayed the introduction of mandatory age verification for accessing online pornography — blaming an administrative cock-up. The controversial scheme had been due to launch

Dawn Capital closes $125M Opportunities Fund to double down on its biggest bets

Dawn Capital has made a name for itself over the last several years for having a sharp eye when it comes to spotting interesting B2B startups in Europe before they become big, with companies like iZet

Founders Factory is going live in Paris

After London and Johannesburg, startup accelerator and incubator Founders Factory is launching a third city — Paris. Once again, the company is partnering with a corporate backer — insurance c

Kano, the kids-focused coding and hardware startup, inks deal with Microsoft, launches $300 Kano PC

Kano, the London-based startup that builds hardware designed to teach younger people about computing and coding, is taking a significant step forward in its growth strategy today. The startup has inke

Echo, the medication management app, has been acquired by LloydsPharmacy-owner McKesson

Echo, the U.K. startup that offers an app to help you manage your medication and order repeat prescriptions for delivery, has been acquired by healthcare company McKesson, owner of LloydsPharmacy. Ter

Still in stealth mode, Duffel raises $21.5M in Series A from Benchmark for its travel platform

Ten months ago London startup Duffel hinted that it would be “a new way to book travel online, aiming at the booking experience ‘end to end,’ ” and announced a healthy $4.7 million funding

Berlin’s Cherry Ventures raises new €175M fund to back early-stage startups across Europe

Cherry Ventures, the Berlin-based investor that backs European companies predominantly at seed-stage, has raised a third fund. The new “Cherry Ventures III” has closed at €175 million an

Blue Prism acquires UK’s Thoughtonomy for up to $100M to expand its RPA platform with more AI

Robotic process automation — which lets organizations shift repetitive back-office tasks to machines to complete — has been a hot area of growth in the world of enterprise IT, and now one

Meero raises $230 million for its on-demand photo platform

Chances are you always look at photos before you order food in your favorite food delivery app, or before you book a hotel room. French startup Meero wants to make the web and mobile apps look beautif

Sources: J.P. Morgan working on a secretive digital banking project based out of London

A number of incumbent banks are known to be developing new digital-first products in a bid to keep the new wave of challenger banks at bay and now it appears that the latest to make that move is J.P.

Fairjungle is a modern take on corporate travel management

French startup Fairjungle wants to make it easier to book a flight or a hotel room for corporate purposes. The company just raised a $2 million funding round (€1.8 million) from Thibaud Elzière, Ed

Cleo, the London-based fintech, has quietly taken debt financing from US-based TriplePoint Capital

Cleo, the London-based “digital assistant” that wants to replace your banking apps, has quietly taken venture debt from U.S.-based TriplePoint Capital, according to a regulatory filing. The amount

After Loot runs out of cash, founder and 17 team members join RBS’ digital bank Bó

Ollie Purdue, the founder of Loot, the current account aimed at millennials that went into administration last month after running out of cash, is joining Bó, the digital bank being developed by RBS-
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