Europe

Prosus classifieds group OLX shuts down Berlin’s Frontier Car Group to focus OLX Autos on LatAm and Asia

Cazoo is picking up significant capital today by teaming up with a SPAC in the U.S. at a $7 billion valuation, but it’s the end of the line for another big European name in used-car sales. TechC

Singular is a new Paris-based VC firm with $265 million

Meet Singular, a new VC firm based in Paris that just finished raising its initial fund. The firm was founded by two former Alven partners — Raffi Kamber and Jérémy Uzan. They have some ambitious

UK’s Cazoo will list on the NYSE by way of a SPAC, valuing it at $7B and raising $1.6B

Cazoo, the UK used-car sales portal that has been on a major fundraising tear in the last year, will be next company to pursue more growth by way of a SPAC: the company today announced that it will li

European branded payments startup Recharge raises $11.8M debt round led by Kreos Capital

Online branded payments now run the gamut of anything from Spotify vouchers, Netflix vouchers, Neosurf, PaySafe cards, and everything in between. Consumers use them to pay for a variety of things. In

Gorillas, the on-demand grocery delivery startup, raises $290M and ‘surpasses’ $1B valuation

Gorillas, the Berlin-HQ’d startup that promises to let you order groceries and other “every day” items for delivery in as little as 10 minutes, has raised $290 million in Series B fu

PPRO extends latest round to $270M, adding JPMorgan and Eldridge to grow its localized payments platform

In January, localized payments provider PPRO became the latest fintech-as-a-service startup to hit a billion-dollar valuation when it closed $180 million in funding. As a mark of how payments and e-co

Ribbon wants to make it easier for product teams to interview users

Everybody says they want to build user-centric companies and products, but how exactly is that achieved? Talking and listening to users, of course — a task that is both unnecessarily time-consum

Digital banking solutions provider Meniga closes additional €10M investment

Meniga, the London fintech that provides digital banking technology to leading banks, has closed €10 million in additional funding. The round is led by Velocity Capital and Frumtak Ventures. Also pa

Competition challenge to Facebook’s ‘superprofiling’ of users sparks referral to Europe’s top court

A German court that’s considering Facebook’s appeal against a pioneering pro-privacy order by the country’s competition authority to stop combining user data without consent has said

Arbolus raises $6M from Fuel Ventures and Plug and Play to apply ML to expert knowledge

Leveraging networks of “experts” online started out as a very manual online business. But it’s rapidly becoming more efficient as machine learning is applied to the whole business model. Indeed,

French VC firm Breega raises $130 million fund

Breega, a VC firm based in Paris, has announced the final closing of its third fund. The firm has managed to raise $130 million (€110 million). This is Breega’s third fund and is officially called

Google isn’t testing FLoCs in Europe yet

Early this month Google quietly began trials of “Privacy Sandbox”: Its planned replacement adtech for tracking cookies, as it works toward phasing out support for third-party cookies in th

Motosumo scores $6M to spin up a challenge to Peloton

Denmark-based Motosumo has scored a $6 million Series A raise led by London’s Magenta Partners, alongside existing investors. The new funding will go on doubling its network of spin class instru

Berlin’s Blacklane raises $26M to expand its high-end chauffeur-driven sustainable car service

As the Ubers of the world continue to scale, a smaller on-demand transportation startup has raised some funding in Germany, underscoring the opportunities that remain for startups in the space targeti

Feedzai raises $200M at a $1B+ valuation for AI tools to fight financial fraud

On the heels of Jumio announcing a $150 million injection this week to continue building out its AI-based ID verification and anti-money laundering platform, another startup in the space is levelling

Stock trading app Freetrade raises $69 million

U.K. challenger stockbroker Freetrade has raised a $69 million Series B round led by Left Lane Capital. The growth fund of L Catterton and existing investor Draper Esprit also participated. Freetrade

After its near-death experience, AR pioneer Blippar is back with $5M in funding and a B2B model

Augmented Reality pioneer Blippar – which has had a tortuous history after early investors pulled out and the company had to scramble for new backers – has now closed a $5 million funding

D2C furniture startup Tylko closes $26M Series C growth round led by Pitango and Evli

Polish startup Tylko, a modular furniture company that employs augmented reality as part of its sales cycle, has closed a €22 million ($26 million) investment Series C funding round, led by Israel-b

Insuretech startup Counterpart raises $10M in funding round led by Valor Equity Partners

Insuretech startup Counterpart, has raised $10 million in funding led by Valor Equity Partners. Also participating was Susa Ventures and Felicis Ventures. Counterpart works in the “management li

Revolut applies for bank charter in the US

London-based fintech startup Revolut has announced that it is applying for a bank charter in the U.S. The company has submitted a draft application with the FDIC and the California Department of Finan
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