These were the 10 biggest European tech stories this week
These were the 10 biggest European tech stories this week
London-founded personal finance management startup Cleo raises $10 million
The UK-based Cleo, a digital finance assistant targeting millennials, has raised $10 million in a round led by Balderton Capital, with participation from LocalGlobe. Founded in 2016, the startup has attracted a total of $15 million and is now set to launch a range of financial products. Cleo’s platform allows users to connect their bank […]
European Commission prepares to add equity-based investments to SME Instrument grants
The European Innovation Council (EIC) pilot is preparing for a significant change in its SME Instrument Phase 2 programme, under which it can currently give grants of up to €2.5 million to promising startups. The new program, called the EIC Accelerator, is expected to start in 2021, with a pilot possibly kicking off next year. […]
UK-based cloud contact centre provider NewVoiceMedia acquired by Vonage for $350 million
Vonage, the US-based Internet telephony service provider, has announced the acquisition of the UK-founded cloud contact centre company NewVoiceMedia for $350 million in an all-cash deal. NewVoiceMedia claims to have more than 700 primarily mid-market and enterprise customers using its Contact Centre-as-a-Service (CCaaS) solutions, including Adobe, Siemens, Time Inc., FundingCircle, and Rapid7. It employs more […]
Rocket Internet reports H1’2018 results, plans to buy back €150 million worth of shares
German venture builder Rocket Internet has announced its financial results for the first half of 2018, showing a consolidated profit of €297 million across its properties. The company reported to have accumulated €2.1 billion in the bank as of August 31, 2018. According to Rocket Internet’s report, most of its companies—HelloFresh, Global Fashion Group, Jumia, […]
Danish startup Headlight raises €1 million for its personal development programme for professionals
Copenhagen-based startup Headlight, which offers three-month personal development programs in Copenhagen, Berlin, and Los Angeles, has secured a €1 million funding round from the Founders startup studio. Headlight positions itself as a business coaching platform done right. During the program that costs €2,000 is connects participants with trainers on its own app, which is there […]
Amsterdam-based corporate multibanking startup Cobase raises €7.5 million from ING Ventures
Dutch startup Cobase, which allows companies to access accounts in different banks from one place, has raised €7.5 million from ING Ventures, a corporate VC fund of the Dutch bank ING. “Our goal is to make it easier and more efficient to work with multiple banks,” said Jorge Schafraad, CEO and founder of Cobase. “Companies […]