The Copenhagen Letter calls for better practices in technology

Over 150 people, from entrepreneurs to designers to philosophers, have signed The Copenhagen Letter this week calling for better practices in technology and design. The letter, which was published by Copenhagen’s Techfestival, calls for a “new Renaissance” in the future design of technology to put the human, and not just the “user”, ahead of business. […]

Angry Birds maker Rovio prices IPO for $1 billion valuation

Gaming firm Rovio, the makers of Angry Birds, has said that its forthcoming IPO will value the Finnish company at $1 billion. Rovio will list on Helsinki’s Nasdaq by October 3. The IPO will price shares at between €10.25 and €11.50 with a market value of €802-896 million. Reuters reports that Trema International, owned by […]

Firstminute closes $85 million fund backed by Tencent and Atomico

VC firm Firstminute Capital has closed its new $85 million fund to invest in early stage European startups with backing from Chinese giant Tencent. The London-based fund, cofounded by Brent Hoberman and Spencer Crawley, is also backed by VC firm Atomico and was oversubscribed beyond its original $60 million goal in June. It will invest […]

BlaBlaCar launches short-distance carpooling service in Paris

After five months of beta testing, BlaBlaCar has launched its short-distance carpooling service BlaBlaLines in Paris and the Ile-de-France region. BlaBlaCar had established its long-distance carpooling service and released the feature for shorter daily trips in May and tested it on two routes from Reims to Châlons-en-Champagne and Toulouse to Montauban. The pilot initially ran […]

SocialTradingGuru.com acquired by London firm Investoo Group

London’s Investoo Group has acquired social trading comparison site SocialTradingGuru.com. No terms were disclosed but includes all existing revenue share accounts. SocialTradingGuru.com was launched in 2012, providing social trading comparison services and had partnerships with eToro, Ayondo, and Tradeo. “Social and copy trading represents an excellent market for us to expand our products and services […]

Car rental app Virtuo raises €7.5 million from Balderton Capital

French car rental mobile app Virtuo has raised €7.5 million in funding from Balderton Capital. Virtuo provides its own fleet of cars deployed at airports and rail stations. The service is mobile-only where travellers book their car through the app. The app itself serves as the key for opening the car, eliminating the traditional car […]