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Mogees picks up seed funding to put audio-based gesture recognition tech into new devices
Mogees, the London startup behind the Mogees Pro and Mogees Play contact microphone and machine learning-based music and gaming devices, has raised $1.1 million in seed funding — capital it plans to use to embed its “gestural recognition tech” into new devices and applications. Read More
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Octopus Ventures hits 10, with an international push and a healthy rack of exits
Back in the mists of 2014 we revealed how one of the UK’s most active venture investment funds operated. To this day Octopus Ventures continues to rub shoulders with the most active institutional VC funds at the early stage, even though it’s technically an evergreen fund attached to the stock market. It’s backed hits like LoveFilm, Zoopla through to IPO, Graze as well as… Read More
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Harry Stebbings and more join #PathFounders at #TheEuropas, June 13, London
In partnership with TechCrunch, PathFounders is the exclusive, invitation-only, event for startup Founders at The Europas Conference & Awards. With this, Founders get a special ‘founders and investors only’ half-day, on the day before The Europas (which they also join, for the whole thing), where they have dedicated sessions on building their company, fund-raising and also get… Read More
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Gatwick Airport now has 2,000 beacons for indoor navigation
Complex indoor environments such as airports and shopping malls can be a nightmare to find your way around. And while Google is eyeing smartphones with 3D sensors as one potential fix for places GPS won’t accurately reach, another approach is to kit out an interior with lots of Bluetooth beacons — giving smartphone users located-locked pings to fix onto to know where they are. Read More
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Just some of the investors you’ll run into at #TheEuropas, June 13, London
In partnership with TechCrunch, The Europas Conference & Awards, is a different kind of tech startup event which features smaller breakout sessions on key subjects for startups, as well as main-stage speakers and panels. It’s also very different, in that there’s no “off-limits speaker room” at The Europas, so attendees can mingle easily with VIPs and speakers. What… Read More
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Rocket Internet sells 51% of fashion site Namshi to Dubai’s Emaar Malls for $151M
Emaar Malls missed out on a bid to buy Souq when Amazon picked up the Dubai-based online retailer for about $650 million in March. Now, the retailing giant of the Middle East is making another acquisition to step up its game in e-commerce. Today Rocket Internet — the Berlin-based e-commerce incubator — announced that it has sold 51 percent of Namshi, its Middle Eastern Amazon clone… Read More
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Quiqup, a London-based on-demand delivery startup, raises £20M Series B
Quiqup, a London-based delivery startup that operates a “shop on your behalf” app similar to Jinn in Europe or Postmates in the U.S., in addition to a growing B2B business, has raised £20 million in Series B funding. Read More
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Minibrew raises $2.8 million to help you make your own beer
The Minibrew is a little keg with a big brain. When we first met the company in 2015 they offered a whiff of high tech to the brewing process, adding a monitored brew vessel and mobile app to the age-old technique of slopping a bunch of wheat, yeast and hops together until something tasty came out. Read More
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Stanley Robotics is building robots that can park your car for you
French startup Stanley Robotics just raised $4 million (€3.6 million) from Elaia Partners, Bpifrance and Idinvest Partners. The company is building giant robots that pick up your car at the entrance of a parking lot and park it for you. If you drive your car to the airport, you know how expensive it can be to leave your car at the airport for a week. Airport parking lots have turned into one… Read More
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Supercell acquires 62% of London’s Space Ape Games for $55.8M
Some consolidation is afoot in the world of gaming. Today, Space Ape Games — a London social and mobile games studio founded by alums from Playfish, Mind Candy and EA — announced that Supercell has acquired 62 percent of the company for $55.8 million, as part of a long-term strategic partnership. The deal gives Space Ape a total equity valuation of $90 million. Space… Read More
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Vyte makes it easy to invyte people to your calyndyr
Planning a meeting with me used to take hours. First you must bathe yourself in the ritual Spring of Understanding and then, once completely clean, you must enter the room of Writing Down The Appointment. Once that was complete, I required all those requesting a meeting to complete the three trials including the Making of the Hoagie and the Understanding (And Explaining) Of Django Programming. Read More
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FanDuel investor Pentech raises new £88M fund for more early-stage startups
You know it’s spring when VC funds start to announce their new fund raises. But it’s buoying to see a new mid-sized fund appear, which over the years has been highly geared toward early-stage startups just starting out on their journey. Pentech has closed its third fund, saying it was oversubscribed at £88 million, surpassing the original target fund size of £70 million. Read More
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Berlin’s Frontier Car Group lands $22M to disrupt emerging markets car sales
European founders, adept at launching startups which cross many international borders are fast ganging a reputation for launching in emerging markets. In countries where markets are often still very chaotic, there remains a host of opportunities. That’s evidenced by the news today that the Frontier Car Group, which builds and runs marketplaces for used cars in emerging markets, has closed… Read More
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Cera is building an AI for social care decision support
Can AI overhaul the social care system? That’s the pitch underpinning UK home care provider Cera’s plans. The startup has today taken the tiniest baby steps to launch an AI chatbot that it hopes will, at an unspecified point in future, be able to assist carers with recommendations for home care of people with conditions such as dementia. Read More
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Amazon expands Amazon Channels to UK, Germany, taking aim at pay-TV users
The race to control the TV is on, and today comes some news out of Europe underscoring Amazon’s ambitions in that department. The e-commerce giant announced the launch of Amazon Channels in the UK and Germany — its two biggest markets in the region — which will see Amazon, for the first time, offer close to 50 live and on-demand streamed channels to the region as part of… Read More
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Frichti grabs $33.7 million for its meal delivery service
Food startups are apparently still steaming hot as French startup Frichti just raised a whopping $33.7 million (€30 million). Frichti is currently available in Paris and nearby cities. It handles everything in-house — from cooking to orders and deliveries. Verlinvest and Felix Capital invested in today’s funding round, with existing investors Alven Capital and Idinvest Partners… Read More
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TransferWise launches ‘Borderless’ account for businesses, sole traders and freelancers
Having already taken a significant chunk of the international money transfer market away from the major banks, London-headquartered TransferWise has its sights set on the bank account itself. Read More
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