Amazon leads $575M investment in Deliveroo

Amazon is taking a slice of Europe’s food delivery market after the U.S. e-commerce giant led a $575 million investment in Deliveroo . First reported by Sky yesterday, the Series G round was confirmed in an early U.K. morning announcement from Deliveroo, which said that existing backers, including T. Rowe Price, Fidelity Management and Research […]

Thunes raises $10M to make financial services more accessible in emerging markets

Cross-border fintech continues to be an area of interest for venture capitalists. The latest deal sees GGV Capital — the U.S-China firm that’s backed Xiaomi, Airbnb, Square and others — lead a $10 million investment in Singapore-based startup Thunes. Other investors in the Series A round are not being disclosed at this point. Thunes — […]

FutureLearn takes $65M from Seek Group for 50% stake in UK online degree platform

Edtech and recruitment continue to converge. London-based online degree platform, FutureLearn, is taking £50 million (~$64.6M) from Australian-based online job matching group, Seek, in exchange for a 50 per cent stake in the business — just days after the same group led a massive Series E in U.S. online learning giant Coursera. U.K. distance learning […]

Remote workers and nomads represent the next tech hub

Amid calls for a dozen different global cities to replace Silicon Valley — Austin, Beijing, London, New York — nobody has yet nominated “nowhere.” But it’s now a possibility. There are two trends to unpack here. The first is startups that are fully, or almost fully, remote, with employees distributed around the world. There’s a […]

Singapore fintech startup Instarem closes $41M Series C for global growth

Singapore’s Instarem, a fintech startup that helps banks and consumers send money overseas at lower cost, has closed a $41 million Series C financing round to go after global expansion opportunities. The four-year-old company announced a first close of $20 million last November, and it has now doubled that tally (and a little extra) thanks […]

Fabula AI is using social spread to spot ‘fake news’

UK startup Fabula AI reckons it’s devised a way for artificial intelligence to help user generated content platforms get on top of the disinformation crisis that keeps rocking the world of social media with antisocial scandals. Even Facebook’s Mark Zuckerberg has sounded a cautious note about AI technology’s capability to meet the complex, contextual, messy […]

pi-top’s latest edtech tool doubles down on maker culture

London-based edtech startup, pi-top, has unboxed a new flagship learn-to-code product, demoing the “go anywhere” Pi-powered computer at the Bett Show education fare in London today. Discussing the product with TechCrunch ahead of launch, co-founder and CEO Jesse Lozano talked up the skills the company hopes students in the target 12-to-17 age range will develop and […]

Badi gets $30M for AI-aided room rentals

Should you let AI help you pick your roommates? Barcelona-based urban room rental startup Badi thinks so, and it’s just closed a $30M Series B funding round less than a year after a $10M Series A — suggesting algorithm-aided matchmaking is resonating with its target Millennial(ish) ‘Generation Rent’ demographic, as they hunt for their next flatmate. […]

Cambridge Analytica’s parent pleads guilty to breaking UK data law

Cambridge Analytica’s parent company, SCL Elections, has been fined £15,000 in a UK court after pleading guilty to failing to comply with an enforcement notice issued by the national data protection watchdog, the Guardian reports. While the fine itself is a small and rather symbolic one, given the disgraced political analytics firm went into administration last […]

Facebook policy VP Richard Allan to face the international ‘fake news’ grilling that Zuckerberg won’t

An unprecedented international grand committee comprising 22 representatives from seven parliaments will meet in London next week to put questions to Facebook about the online fake news crisis and the social network’s own string of data misuse scandals. But Facebook founder Mark Zuckerberg won’t be providing any answers. The company has repeatedly refused requests for […]