Iceland-founded Meniga acquires Swedish rewards platform startup Wrapp

Meniga, an Iceland-founded company that offers digital and marketing products for banks, has acquired Stockholm-based rewards platform Wrapp. The two companies have been offering a similar product, that is transaction-driven rewards, in Iceland (Meniga) and Sweden and Finland (Wrapp) but will now merge the offering under the Meniga brand. The amount Meniga has paid for Wrapp […]

London-based healthtech startup Chronomics raises £1.12 million

Chronomics, a London-based startup that’s just launched what it claims to be “the world’s first consumer epigenetic testing kit” has raised £1.12 million from Anthemis, SOSV, and angel investors. Chronomics’ saliva test is supposed to bring a personalised and proactive approach to health management. According to the startup, it profiles a number of indicators to […]

Israeli drone delivery startup Flytrex raises $7.5 million

Tel Aviv-based drone technology startup Flytrex has raised $7.5 million in a funding round led by Benhamou Global Ventures (BGV), with additional investment from btov. This round brings the total amount raised by the company to $11 million. Flytrex is planning to use the fresh capital to improve its existing drone delivery operations in Iceland […]

US-based DXC acquires Russian-founded software development company Luxoft for $2 billion

US-based IT services company DXC Technology has reached a definitive agreement to acquire Luxoft, a custom software development company founded in Russia and currently headquartered in Switzerland, for $2 billion in an all-cash deal. “Luxoft and DXC are highly complementary, and our shared vision of digital transformation makes this strategic combination a great fit for both […]

German startup data Artisans sells to Alibaba for €90 million

Chinese e-commerce giant Alibaba Group has reportedly acquired Berlin-based data Artisans. According to Deutsche Startups, the price of the deal was set at €90 million. The German company did not comment on the exit. Founded in 2014 by the creators of the open-source stream processing framework Apache Flink, data Artisans uses it to deploy large-scale […]