London-based startup Monese, an app that helps immigrants and expats open a bank account abroad, has raised over £8 million in a Series A round. The fintech company’s backers included Anthemis Exponential Ventures , STE capital, and Korea Investment Partners.Previous investors Smartcap and Seecamp also participated in the round. The round brings the total funding secured by […]
Chinese investment consortium Elegant Jubilee has acquired a 49 percent stake in UK data science company Global Switch for £2.4 billion. The company, which is based in London, is a leader in developing and running large scale, carrier and cloud neutral data centres both in Asia and throughout Europe. Its main shareholder Aldersgate Investment will now […]
Decision Tech, a London-based firm providing performance and data analytics, has bought electronics recycling comparison site comparemymobile.com for an undisclosed sum. The purchase will bolster Decision Tech’s portfolio— which includes broadbandchoices.co.uk and recently-bought sellmymobile.com. Founded in 2005 and backed by stage VC firm Business Growth Fund, the company claims to be the most popular price comparison service […]
FoodTech multinational Just Eat has purchased its erstwhile competitor hungryhouse from Delivery Hero for £200 million. The acquisition will be mainly funded through cash and credit facilities, while an additional amount of £40 million could be paid depending on hungryhouse’s performance between the signing and the completion of the transaction. It is understood that the […]
Draper Esprit is one of Europe’s most dynamic Venture Capital firms. Founded in 2006 and a member of the global Draper VC network, the company has so far invested over $1 billion in 200 startups—including nibbling breakout company Graze, IoT firm Movidius, and online fashion portal Lyst— and it pegs the overall value of its exits at $4 […]
London-based news intelligence startup Signal Media has closed a £5.8 Series A Round backed by MMC Ventures, Hearst Ventures, Frontline Ventures, Reed Elsevier Ventures and LocalGlobe— and it is now looking to boost its Artificial Intelligence capabilities. Founded in 2013 by CEO David Benigson, Signal uses AI to monitor the world’s media and extract relevant knowledge for its […]
London-based fintech startup ABAKA has closed a £520,000 Seed round spearheaded jointly by Anthemis Exponential Ventures and MMI Holdings’ Exponential Ventures. Founded in January 2016, the savings platform helps employees manage their pension plan through their mobile devices. It employs an Artificial Intelligence advisor that harnesses neural networks to provide tailored advice. The fresh round of funding will […]
Apple’s latest purchase is a Finnish company specialised in mapping indoor spaces. According to Bloomberg, the Cupertino-based tech titan has acquired Indoor.io, in a bid to enhance its mapping app’s accuracy and challenge Google’s increasing dominance in the sector. The value of the deal is still unknown. Indoor.io’s technology, if incorporated in Apple’s devices, would make […]
