Mobile banking startup Number26 secures $40 million in Series B round

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 […]

Done deal: Tencent to buy SoftBank’s stake in ‘Clash of Clans’ maker Supercell for more than $8 billion

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 coworking space company Techspace raises £5 million

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. […]

Twitter acquires London-based machine learning startup Magic Pony Technology; terms undisclosed

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 […]

European Investment Bank teams with Funding Circle to invest £100 million in UK small businesses

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, […]

Sweden’s Unomaly raises €4.6 million Series A round from EQT Ventures

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 […]