Europe

Echo, the U.K. startup that offers an app to help you manage your medication and order repeat prescriptions for delivery, has been acquired by healthcare company McKesson, owner of LloydsPharmacy. Terms of the deal remain undisclosed. However, I understand the buyout sees all of Echo’s existing investors exit, with McKesson becoming the majority shareholder and
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Cleo, the London-based “digital assistant” that wants to replace your banking apps, has quietly taken venture debt from U.S.-based Triplepoint Capital, according to a regulatory filing. The amount remains undisclosed, though I understand from sources that the figure is somewhere in the region of mid-“single digit” millions and will bridge the gap before a larger
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French startup PayFit is raising a new $79 million funding round (€70 million) from Eurazeo and Bpifrance. The company first started with a payroll service for small and medium companies in France. It has evolved into a full-fledged HR solution for multiple European countries. PayFit uses a software-as-a-service approach so that small companies can easily
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Seven months ago, TechCrunch’s Steve O’Hear reported that LocalGlobe had begun the fundraising process for two separate funds. The London-based seed-stage venture firm was raising yet another seed-stage venture fund, O’Hear said at the time; he also noted that LocalGlobe was also expect to raise its first opportunities fund. Fast-forward and today, the firm, founded
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Spanish soccer’s premier league, LaLiga, has netted itself a €250,000 (~$280k) fine for privacy violations of Europe’s General Data Protection Regulation (GDPR) related to its official app. As we reported a year ago, users of the LaLiga app were outraged to discover the smartphone software does rather more than show minute-by-minute commentary of football matches
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A legal challenge to the UK’s controversial mass surveillance regime has revealed shocking failures by the main state intelligence agency, which has broad powers to hack computers and phones and intercept digital communications, in handling people’s information. The challenge, by rights group Liberty, led last month to an initial finding that MI5 had systematically breached
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Spacemaker, a Norway-based startup that’s created AI software to help property developers and architects make better design decisions, has picked up $25 million in Series A funding. The round is jointly led by Atomico and Northzone, with participation from investors in property and construction tech including Danish property developer NREP, Nordic property developer OBOS, and
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Unmortgage founder and CEO Rayhan Rafiq-Omar (centre) has departed the companny Unmortgage, the London-based startup that wants to let people buy as little as five percent of a home and rent the rest, has lost its founder and CEO, TechCrunch has learned. According to a regulatory filing on Companies House, Unmortgage’s Rayhan Rafiq-Omar was terminated
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The City of Paris has had enough. There are currently 12 (yes, twelve) scooter startups in Paris. As reported by Le Monde, Mayor of Paris Anne Hidalgo announced in a press conference a series of restrictions to regulate the space. First, there are just too many scooter startups — Bird, Bolt, Bolt by Usain Bolt,
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After announcing plans in September 2018 to build a joint venture together, today Russian internet giant Mail.ru,  Megafon and China’s Alibaba announced that the deal has closed. With support also from Russia’s sovereign wealth fund RDIF, the three are forming a new operation called AliExpress Russia JV — which will include business assets and investment
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After announcing a year-long pilot of pop-up shops in the UK earlier this week to sell items from smaller marketplace merchants, Amazon has added another development to its brick-and-mortar efforts in the country. Starting today, the company is setting up physical kiosks, initially in train stations, to sell passers-by a rotating range of items at discounted
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