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Loot, the digital current account aimed at students and millennials, banks £2.2M Series A
“There are two types of competition for us at Loot: the banks and the money management apps,” Loot founder Ollie Purdue tells me. The U.K. startup, founded in 2014 while now 24 year old Purdue was finishing up university, offers a digital-only current account aimed at students and millennials. It comes with a Mastercard and mobile app, with a particular focus on spending insights… Read More
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The price is right! Pace raises £2.5M to automate hotel room pricing based on demand
Pace, a London startup that has developed tech that uses machine learning to let hotels set room prices dynamically based on demand, has raised £2.5 million in seed funding. The financing round is led by InterGlobe, with participation from Seedcamp, Speedinvest, and Amadeus Capital Partners. The company says it will use the new capital to invest in its tech and marketing teams. Read More
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Twitter says Russians spent ~$1k on six Brexit-related ads
Twitter has disclosed that Russian-backed accounts spent $1,031.99 to buy six Brexit-related ads on its platform during last year’s European Union referendum vote. Read More
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Aiming to be the LinkedIn for creatives, The Dots raises £4m
Professional social networks like LinkedIn have long been a mainstay of business, but what if you are more of a creative bent where LinkedIn looks pretty stuffy? In the US, Behance, a network for creatives previously raised $6.5 million and now the general idea has moved across the pond in the shape of The Dots. Aimed at the so-called ‘No Collar’ professionals (creatives in… Read More
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Berlin’s Joblift raises €10M to attack legacy sites, in a round led by DN Capital
Joblift, a European job site in the UK, Germany, France and the Netherlands, has raised €10 million in a funding round led by the London/Berlin VC DN Capital. The round was joined by Picus Capital and existing investors Cherry Ventures, btov and TruVenturo. The fundraising brings the total raised by two-year old Joblift to €12m. The Berlin-based startup aggregates jobs data from multiple… Read More
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Facebook’s Brexit probe unearths three Russian-bought “immigration” ads
Facebook has provided more details about the extent of Russian digital interference related to the UK’s Brexit vote last year. Read More
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FreightHub, a European ‘digital freight forwarder’, scores $20M Series A
FreightHub, a Berlin and Hamburg-based startup that claims to be Europe’s first fully digital freight forwarder, has raised a $20 million Series A round, just 1.5 years since launch. The round is led by VC firm Northzone, with participation from existing investors. The latter includes Rocket Internet’s Global Founders Capital (GFC), Cherry Ventures, Cavalry Ventures, and La Famiglia. Read More
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Commerce platform iZettle raises $47M at a $950M valuation
iZettle — the commerce platform based out of Stockholm that competes against companies like Square, Paypal and SumUp to provide card transactions using smartphones and tablets as well as related accounting services — has raised another €40 million ($47 million) as it approaches a $1 billion valuation. CEO and co-founder Jacob de Geer told TechCrunch the money will go towards… Read More
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Germany’s Penta is a new digital bank account for startups and SMEs
Germany’s Penta is the latest European startup to throw its banking wares into the ring. The burgeoning company is launching a new digital bank account targeting SMEs. Read More
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Devialet built a car audio system for Renault’s Symbioz concept car
High-end speaker maker Devialet is branching out of home speakers. The company announced a partnership with Renault for its first ever car audio system. You can’t buy a Renault car with Devialet speakers just yet, but there’s a Renault concept car with those speakers. Devialet has always said that it wasn’t just a speaker manufacturer. The French startup has worked on its… Read More
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N26 partners with Younited Credit to launch credit offering in France
German startup N26 is now live in 17 European countries, but many features first launched in Germany and never made their way to other markets. The startup is slowly expanding core features to other key markets. That’s why the company is partnering with Younited Credit to launch consumer credit in France. It works pretty much like the existing credit feature in Germany. In the app, you… Read More
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Zyper thinks ‘micro influencers’ are the future of online advertising
Advocacy marketing — the idea of getting existing customers to talk about your company and its products — is nothing new, but as marketing spend has shifted online, a number of startups have tried to figure out ways of making it more scalable. One such company is Zyper, founded by Amber Atherton, who previously featured in British reality TV show “Made in Chelsea”. Read More
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Paris asks Airbnb to delist 1,000 apartments
The city of Paris’ officials told the AFP that they have asked Airbnb and competing platforms to comply with new regulation. The Mayor’s Office has flagged around 1,000 apartments that are not registered with the city. Since December 1st, you have to register your apartment with the city if you want to list it on an online renting platform. This way, city officials can more… Read More
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LimeBike, the cycle-sharing startup, expands to Europe as it hits 1M rides in the US
LimeBike, one of the many startups hoping to steal a march in the crowded bike-sharing market, is today taking its first step to scale internationally. The Bay Area-based company — which lets people use an app to find and ride “dockless” bikes for $1 for 30 minutes (or $0.50 for students) and then leave them parked on sidewalks for future customers to use — is expanding… Read More
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Sources: Apple is acquiring music recognition app Shazam
Update: this story has now been confirmed. As Spotify continues to inch towards a public listing, Apple is making a move of its own to step up its game in music services. Sources tell us that the company is close to acquiring Shazam, the popular app that lets people identify any song, TV show, film or advert in seconds, by listening to an audio clip or (in the case of, say, an ad) a visual… Read More
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MishiPay raises £1.6M led by Nauta Capital for its mobile self-checkout technology
MishiPay, a London startup that has built mobile self-checkout technology that promises to put an end to queuing to pay, has raised £1.65 million in seed funding. The round is led by European VC Nauta Capital and will be used to further grow the burgeoning company as it persuades high street retailers to adopts its wares. Read More
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Chattermill raises £600K to use ‘deep learning’ to help companies make sense of customer feedback
Chattermill, a London-based startup that uses ‘deep learning’ to help companies make better sense of customer feedback, has raised £600,000 in seed funding. Backing comes from Entrepreneur First — Chattermill is an alumni of the company builder — and Avonmore Developments, along with a number of angel investors, including Jeff Kelisky, CEO of Seedrs. Read More
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