If you’re a budding entrepreneur and the VC you’re pitching switches gears and asks you about your exit strategy that’s your cue to get up and leave, says Apple CEO Tim Cook. Cool was speaking to an audience of students and would be entrepreneurs at the opening of the Foundry startup hub in Oxford, UK yesterday. […]
A YouTube channel that had been implicated in Russia disinformation operations to target the U.S. 2016 election has been taken down by Google. Earlier this week The Daily Beast claimed the channel, run by two black video bloggers calling themselves Williams and Kalvin Johnson, was part of Russian disinformation operations — saying this had been […]
Vertex Ventures, one of the VC funds that is linked to Singapore sovereign fund Temasek, has closed its third investment fund for Southeast Asia and India with a total of $210 million for investment. Vertex Venture Holdings operates five funds across the world, which include vehicles focused on the U.S., Israel and healthcare. This is […]
Micro-lending and small business financing are a critical component of economic growth in around the world, and the need for access to low-cost capital is especially important in developing countries. The Catch-22 is that these countries are also the ones where the lending markets are the least developed and where most financial institutions are reluctant […]
The FCC has given approval for Google parent company, Alphabet, to help Puerto Rico and the Virgin Islands regain wireless service. The company will attempt to enable LTE connectivity using its high-flying Project Loon balloons. BREAKING: FCC issues experimental license to Google to provide emergency cellular service in Puerto Rico through Project Loon balloons. — […]
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Moneyfarm, the U.K.-headquartered “digital wealth manager” has acquired the technology behind personal finance chatbot Ernest. Terms of the deal aren’t being disclosed, though I understand that, along with the tech, this is an acqui-hire of sorts, seeing London-based Ernest’s CTO Lorenzo Sicilia join Moneyfarm to oversee technology integration. Founded in 2015 by Niall Bellabarba, Cristoforo […]
UK-based insurance giant Aviva has announced it’s buying a majority stake in robo investment startup, Wealthify. The financial value and exact size of Aviva’s majority stake has not been disclosed but a spokesman told us: “It is a significant investment and importantly, gives us access to Aviva’s millions of UK customers which will help us […]
Late last month, Spanish media got wind that the Barcelona-based on-demand delivery app Glovo had closed Series B funding, but now the company is making the news official. The startup, which offers a service similar to Postmates in the U.S., has raised a €30 million round led by Rakuten Capital, and Cathay Innovation. Existing investors […]
Curiscope, a U.K. augmented and virtual reality content startup, has raised a $1 million seed round led by LocalGlobe, the seed VC firm founded by Saul and Robin Klein. Ascension Ventures, Force over Mass, ustwo Adventure, and Richard Fearn also participated. The backing follows crowdfunding campaigns on Kickstarter and Indiegogo last year for the company’s […]