Venture capital firm Accel has raised a $575 million fund, its sixth to be invested in early-stage companies across Europe and Israel, and its biggest to date. Accel, which set up shop in London back in 2000, has backed the likes of Spotify, BlaBlaCar, Monzo, UiPath, Deliveroo, Prezi, Supercell, Funding Circle and Rovio, so it’s […]
Invest Europe, the association that aims to represent European private equity and VC with over 1,400 member firms, has released a free report (PDF) on the private capital deployment activity it tracked in 2018. According to the organisation, private equity investment in Europe has hit a new record, increasing 7 percent year-over-year to reach €80.6 […]
Gyula Fehér, the founder of the video streaming startup Ustream that was acquired by IBM and subsequently renamed to IBM Cloud Video, has left the corporation to launch a new VC firm, Oktogon Ventures. The new company is co-founded by Veronika Pistyur, the CEO of a Hungarian entrepreneurs community Bridge Budapest, Forbes reports. Oktogon has […]
byFounders, an early-stage VC firm based in Copenhagen and San Francisco and backed by over 50 startup founders, has closed its first fund at €100 million. The firm plans to make about 30 investments — primarily in seed-stage and Series A startups — in the Baltics and Nordics over the next three years. Among byFounders’ […]
Rovio, the Finnish company behind the Angry Birds franchise, has invested $3 million in a VC fund managed by Play Ventures, a firm founded by video game entrepreneurs Harri Manninen and Henric Suuronen last year. All in all, the fund’s size is $30 million dollars, and the scope is straightforward: Play Ventures aims to back […]
GRID, a Reykjavik-based SaaS startup that translates spreadsheets into web reports, has landed a $3.5 million funding round led by BlueYard Capital, with participation from strategic investors such as Slack Fund, Acequia Capital, and angel investor Charlie Songhurst. There isn’t much public information about GRID’s product, but the main idea that powers it is to […]
This week, Natalie Novick and Andrii Degeler discuss the freshly approved Copyright Directive, the new €1.49 billion fine for Google, the concept of cloud kitchen, and much more. We’ve also prepared an interview with Martin Villig, co-founder of Bolt, formerly known as Taxify.