Fintech startup Number26 has raised $40 million in a Series B funding round led by Horizon Ventures. Battery Ventures, Valar Ventures, Earlybird Ventures, Redalpine Ventures, Robert Gentz, David Schneider, and Rubin Ritter also participated in the round in the mobile banking company. The Berlin-based startup, behind “Europe’s most modern bank account”, will use the funds […]
Confirming earlier rumours, The Wall Street Journal this morning reported that China’s Tencent has reached an agreement to buy Finnish mobile game maker Supercell from Japanese telco SoftBank. Update: Tencent has confirmed (PDF) the acquisition; it’s buying up to 84% of Supercell in a transaction valuing the company at approximately $10.2 billion. Supercell CEO Ilkka […]
London co-working space for scaleups, Techspace, has raised £5 million in Series A funding from a consortium led by real estate investor Leo Noé and managed by Goldacre Ventures. Techspace supports both startups that are beginning to scale and more established companies across five locations in London. It’s currently home to Virgin Media and Techstars. […]
After investing in SoundCloud, Twitter has made another noteworthy move in European tech land, acquiring London-based machine learning startup Magic Pony Technology. In a blog post, Twitter co-founder and CEO Jack Dorsey explains the deal: “Our acquisition of Magic Pony builds on other investments we’ve made in machine learning, beginning with the acquisitions of Madbits […]
The European Investment Bank (EIB) today agreed a £100 million (€129 million) investment in loans to UK small businesses originated through Funding Circle, the London-based operator of a marketplace for business loans. This investment, alongside £25 million from Funding Circle’s own ‘SME Income Fund’, will enable over £200 million of new loans over 7 years, […]
Stockholm’s Unomaly, a provider of IT breach detection tools, has raised €4.6 million in a Series A round led by EQT Ventures. Unomaly’s tech is aimed at critical infrastructure and digital environments like power stations and businesses like banks to monitor and detect any IT incidents and breaches in a world that is increasingly reliant […]
We look at what Twitter’s up to in Europe, as they lose a key hire but invest in SoundCloud, before turning our attentions to the UK, Spain and Bulgaria.