Entrepreneur First, the company builder program for technical graduates, has just kicked off its sixth cohort’s Demo Day Demo at Facebook’s London-based UK HQ where 21 newly formed startups are about to pitch on stage. But as is now tradition, EF is also taking the opportunity to make an announcement of its own. Read More
from TechCrunch
The UK’s Divido is one of a number of startups and tech companies operating in the point of sale consumer finance sector. Its alternative payment option lets customers spread the cost of any purchase over a period of time while the retailer gets paid in full right away. Today the London-based company is disclosing £2.5 million in seed funding led by Mangrove Capital, and DN Capital.… Read More
from TechCrunch
VizEat, a European startup that operates a “social dining platform” to enable travellers to dine in a local’s home, has raised €3.8 million in new funding. The round was led by various, mostly unnamed, investors and also includes current backer Eurovestech. Read More
from TechCrunch
Zilingo may not be a name known to many prior to today, but the under-the-radar e-commerce company has closed a impressive $8 million Series A round to scale its fashion-focused marketplace in Southeast Asia. Read More
from TechCrunch
It’s pretty odd that even while people are chatting about producing the VR video’s crazy theoretical future with 8K resolution per eye, stereoscopic rendering and light field-ready footage, I’m still here struggling to keep Louis C.K. clips from buffering on my mobile phone. For VR to be successful, companies are going to need to start correcting some of the growing pains… Read More
from TechCrunch
Garena, Southeast Asia’s most valuable technology startup, has closed additional funding three new investors: SeaTown Holdings International, an affiliate of Singaporean sovereign wealth fund Temasek, Indonesia’s GDP Venture, and Mistletoe, a Japan-based fund from Taizo Son, the younger brother of SoftBank CEO Masayoshi Son. Read More
from TechCrunch
Northzone, a 20 year veteran of the European VC industry, has closed its 8th fund, capped at €300 million, which it will deploy to “early-stage” startups in the region. Specifically, these will be A, B and C rounds, and although investments will span the whole of Europe, there will be particular focus on key tech hubs, including the Nordics, London, and Berlin. The VC also says… Read More
from TechCrunch
Northzone, a 20 year veteran of the European VC industry, has closed its 8th fund, capped at €300 million, which it will deploy to “early-stage” startups in the region. Specifically, these will be A, B and C rounds, and although investments will span the whole of Europe, there will be particular focus on key tech hubs, including the Nordics, London, and Berlin. The VC also says… Read More
from TechCrunch
One of the biggest tech deals this year — and the biggest ever in the UK — has now closed. Today, Softbank announced that it has completed its acquisition of ARM Holdings, the semiconductor firm that it announced that it would acquire for £24 billion (around $32 billion in today’s currency, $31 billion at the time of the deal) in July, in order to make a big jump into IoT. As… Read More
from TechCrunch
After raising $4.5 billion at a $60 billion valuation earlier this year, Alibaba affiliate Ant Financial — which operates the Alipay payments service — is hungry to put some of that money to use to build out its business. The company, alongside key Alibaba investor Primavera Capital, is investing $460 million into Yum China, a new spinout from Yum Brands — the parent company… Read More
from TechCrunch