Category: Europe

EF raises $115M new fund, aiming to create another 300-plus startups in the next three years – TechCrunch

Entrepreneur First (EF), the London-headquartered “talent investor” that recruits and backs individuals pre-team and pre-idea to enable them to found startups, has raised a new fund of its own to continue scaling globally. The $115 million first close was led by a number of leading (mostly unnamed) institutional investors across

Senseon raises $6.4M to tackle cybersecurity threats with an AI ‘triangulation’ approach – TechCrunch

Darktrace helped pave the way for using artificial intelligence to combat malicious hacking and enterprise security breaches. Now a new UK startup founded by an ex-Darktrace executive has raised some funding to take the use of AI in cybersecurity to the next level. Senseon, which has pioneered a new model that it

Alibaba’s Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700M – TechCrunch

Ant Financial, the financial services behemoth affiliated with Chinese e-commerce giant Alibaba, has made its first big move into Europe. It’s acquired London-headquartered payments company WorldFirst in a deal that sources tell us is valued at around $700 million. (That price would also line up with multiple reports from December

Europe agrees platform rules to tackle unfair business practices – TechCrunch

The European Union’s political institutions have reached agreement over new rules designed to boost transparency around online platform businesses and curb unfair practices to support traders and other businesses that rely on digital intermediaries for discovery and sales. The European Commission proposed a regulation for fairness and transparency in online platform

DJI is updating its geofencing system across Europe after Gatwick drone debacle – TechCrunch

Following the pre-Christmas drone debacle in the U.K. — which plunged thousands of people into travel misery after repeated drone sightings closed the runway at Gatwick, and later also briefly suspended departures at Heathrow — consumer drone maker DJI has announced it’s upgrading its geofencing system across Europe. It says its Geospatial

Rapyd nabs $40M led by Stripe and GC for ‘fintech as a service,’ a single API for payments, money transfer and more – TechCrunch

As ever more transactions move onto digital platforms, a startup that is building a Swiss army knife of financial services — from payments to currency transfers, ID verifications and card issuing for companies to use by way of a single API — is announcing funding. Rapyd, a “fintech as a service”