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Posts Tagged ‘Europe’

Bird confirms acquisition of Berlin scooter rival Circ

If you didn’t see this coming, then clearly you didn’t have your eyes on the road. Bird, the LA-founded e-scooter giant, has confirmed that it is acquiring European competitor Circ, the micromobility company founded by Lukasz Gadowski of Delivery Hero fame. The deal, for which terms remain undisclosed, was first reported by FT late last ...

UK watchdog sets out “age appropriate” design code for online services to keep kids’ privacy safe

The UK’s data protection watchdog has today published a set of design standards for Internet services which are intended to help protect the privacy of children online. The Information Commissioner’s Office (ICO) has been working on the Age Appropriate Design Code since the 2018 update of domestic data protection law — as part of a ...

Tencent to grow gaming empire with $148M acquisition of Conan publisher Funcom in Norway

Tencent, one of the world’s biggest videogaming companies by revenue, today made another move to help cement that position. The Chinese firm has made an offer to fully acquire Funcom, the games developer behind Conan Exiles (and others in the Conan franchise), Dune and some 28 other titles. The deal, when approved, would value the ...

Ophelia Brown’s Blossom Capital raises new $185M European early-stage fund

Blossom Capital, the early-stage VC firm co-founded by ex-Index Ventures and LocalGlobe VC Ophelia Brown, is announcing a second fund, less than 12 months since fund one was closed. The new fund, which is described as “heavily oversubscribed,” sits at $185 million. That’s up from $85 million first time around. Blossom’s remit remains broadly the ...

LumApps raises $70M Series C led by Goldman Sachs

LumApps, the cloud-based social intranet for the enterprise, has closed $70 million in Series C funding. Leading the round is Goldman Sachs Growth, with participation from Bpifrance via its Growth Fund Large Venture. Others participating include Idinvest Partners, Iris Capital, and Famille C (the family office of Courtin-Clarins). The round brings the total raised by ...

Adblock Plus’s Till Faida on the shifting shape of ad blocking

Publishers hate ad blockers, but millions of internet users embrace them — and many browsers even bake it in as a feature, including Google’s own Chrome. At the same time, growing numbers of publishers are walling off free content for visitors who hard-block ads, even asking users directly to be whitelisted. It’s a fight for ...

EU lawmakers are eyeing risk-based rules for AI, per leaked white paper

The European Commission is considering a temporary ban on the use of ****** recognition technology, according to a draft proposal for regulating artificial intelligence obtained by Euroactiv. Creating rules to ensure AI is ‘trustworthy and human’ has been an early flagship policy promise of the new Commission, led by president Ursula von der Leyen. But ...

Privacy experts slam UK’s “disastrous” failure to tackle unlawful adtech

The UK’s data protection regulator has been slammed by privacy experts for once again failing to take enforcement action over systematic breaches of the law linked to behaviorally targeted ads — despite warning last summer that the adtech industry is out of control. The Information Commissioner’s Office (ICO) has also previously admitted it suspects the ...

Funnel closes $47M Series B to prepare marketing data for better reporting and analysis

Funnel, the Stockholm-based startup that offers technology to help businesses prepare — or make “business-ready” — their marketing data for better reporting and analysis, has closed $47 million in Series B funding. Leading the round is Eight Roads Ventures, and F-Prime Capital, with participation from existing investors Balderton Capital, Oxx, Zobito, and Industrifonden, in addition ...

What we know (and don’t) about Goldman Sachs’ Africa VC investing

Goldman Sachs is investing in African tech companies. The venerable American investment bank and financial services firm has backed startups from Kenya to Nigeria and taken a significant stake in e-commerce venture Jumia, which listed on the NYSE in 2019. Though Goldman declined to comment on its Africa VC activities for this article, the company ...