Europe

What next? Oh yes, turning a luxury car into a non-fungible token

We’ve seen more than one project use the immutability of blockchain to verify important physical things. So, for instance, a pioneer in the space, Verisart, has brought blockchain certification of high art to leading galleries worldwide, and other players are now entering this growing market. Codex Protocol is a new startup also putting art on the blockchain. The benefits are obvious: reducing the possibility that an artwork could be fake to near-zero. This is an incredibly powerful idea, especially at the high end of the commercial spectrum. A relatively new idea is to take blockchain to the car market. Automakers are already starting to take an interest. BMW, Ford, Renault and General Motors recently joined a new working group of more than 30 auto companies to employ blockchain technolog...

Tempow’s Bluetooth stack can improve your TV setup

French startup Tempow has been working on improving the Bluetooth protocol at a low level to make it more versatile. The company is introducing a new audio profile for your TV or set-top box. TV and set-top box manufacturers can license Tempow’s software and integrate new features in their devices. It works with regular Bluetooth chips, but it opens up new possibilities. In particular, Tempow has been working on a one-to-many pairing model. You can pair multiple Bluetooth speakers with your TV to create a wireless surround system using good old Bluetooth speakers. The reason why soundbars slowly replaced 5.1 systems is that you don’t have to run cables on the floor to the back speakers. Tempow solves that, and Bluetooth speakers are much cheaper than a bunch of Sonos speakers. With Tempow’...

Europe updates its predatory pricing investigation against Qualcomm over UMTS baseband chips

On the heels of Google getting served a $5 billion fine by the EU over monopolistic practices related to its Android operating system, the European Commission today resurfaced another ongoing case in the world of large U.S. tech companies. The EC said that it has added to its investigation into Qualcomm and its predatory pricing of UMTS baseband chips. Specifically, today the Commission has sent more details relating to elements of the “price cost” test that it had applied to measure just how much below cost Qualcomm was selling UMTS baseband chips to edge out competitors. If the case is decided against Qualcomm, the company could face an additional fine of up to 10 percent of its worldwide revenues. In 2009, these were $10.4 billion, while in 2017, global turnover was over $22 billion. Th...

Landbot gets $2.2M for its on-message ‘anti-AI’ chatbot

Who needs AI to have a good conversation? Spanish startup Landbot has bagged a $2.2 million seed round for a ‘dumb’ chatbot that doesn’t use AI at all but offers something closer to an old school ‘choose your adventure’ interaction by using a conversational choice interface to engage potential customers when they land on a website. The rampant popularity of consumer messaging apps has long been influencing product development decisions, and plenty of fusty business tools have been consumerized in recent years, including by having messaging-style interfaces applied to simplify all kinds of digital interactions. In the case of Landbot, the team is deploying a familiar rich texting interface as a website navigation tool — meaning site visitors aren’t left to figure out where to click to find ...

Sweden’s Engaging Care raises $800,000 for its digital healthcare SaaS

Engaging Care, a Swedish heathtech startup co-founded by Charlotta Tönsgård, who was previously CEO of online doctor app Min Doktor before being asked to step down, has raised $800,000 in “pre-seed” funding to continue building out its digital healthcare SaaS. Backing the burgeoning company are a host of well-established angel investors in the region. They include Hampus Jakobsson (venture partner at BlueYard Capital and co-founder of TAT, which sold to Blackberry for $150 million), Sophia Bendz (EIR at Atomico and the former Global Marketing Director at Spotify), Erik Byrenius (founder of OnlinePizza, an online food ordering company sold to Delivery Hero) and Neil Murray’s The Nordic Web Ventures. With the aim of dragging healthcare into the digital age, but in a more patient-friendly and...

The Accel team is coming to Disrupt Berlin

Every time Accel invests in a startup, it’s an instant positive sign in the startup community. The venture capital firm has a rich history with decades of investments in successful startups. That’s why we’re excited to have four partners at Accel on stage at Disrupt Berlin. Philippe Botteri, Sonali De Rycker, Luciana Lixandru and Harry Nelis will all relocate their partner meeting to our stage. Accel is a different VC firm for many reasons. First, while the firm started in Silicon Valley, the team bet early on the European startup scene, back in 2001. With an office in London, the team keeps an eye on the entire continent for investment opportunities. The firm has invested in Deliveroo, BlaBlaCar, Supercell, Spotify and so many others. With such a good track record, it’s clear that some re...

With eyes on Europe, Open Banking API provider TrueLayer raises $7.5M

TrueLayer, the London startup that’s built a developer platform to make it easy for fintech and other adjacent companies, such as retailers, to access bank APIs — and ride the Open Banking and PSD2 gravy train — has picked up further $7.5 million in funding. Leading the round is venture capital fund Northzone. It follows a $3 million Series A in June last year, and will be used for European expansion, starting with Germany and France. The new capital will also be invested in growing the TrueLayer team and to develop new products to help companies and consumers make the most of Open Banking and PSD2, where co-founder Francesco Simoneschi tells me the opportunities are huge, even if they remain largely untapped, thus far. “I think the first quarters of 2018 have been about working and educat...

EU’s Google Android antitrust decision incoming…

A decision in a long running EU antitrust probe of Google’s Android OS is due to land shortly. European Commission officials are trailing a press conference with competition commissioner Margrethe Vestager — to announce an “antitrust decision” at 1pm CET, with a link to watch the event streamed live. Bloomberg is reporting the EU’s fine for Android will be in the region of $5BN — which would be the largest ever antitrust penalty handed down by the Commission. In April, Reuters reported on a 2016 document it had reviewed which said the Commission planned to levy a large fine against Google and would also order the company to stop giving revenue-sharing payments to smartphone makers to pre-install only Google Search. Reuters also reported then that Google would be ordered to stop requiring i...

Mention Me, the referral marketing platform, raises £7M led by Eight Roads Ventures

Mention Me, the London-headquartered referral marketing platform, has raised £7 million in further funding. The round is led by Eight Roads Ventures and is the first time the five and a half year old company has raised venture capital, having only ever done a small angel round in 2015. That’s noteworthy given the company’s two founders: Andy Cockburn and Tim Boughton, who met at Homeaway where they were U.K. MD and European CTO respectively before its $3 billion IPO on the Nasdaq. Counting over 300 customers — including FarFetch, Ovo Energy, Ted Baker and ZipCar — Mention Me offers a marketing platform to make it easy and effective for companies to conduct referral marketing. The platform supports referral programs in 16 languages, but its biggest draw is the ability to A/B test, iterate a...

Klang gets $8.95M for an MMO sim sitting atop Improbable’s dev platform

Berlin-based games studio Klang, which is building a massive multiplayer online simulation called Seed utilizing Improbable’s virtual world builder platform, has just bagged $8.95M in Series A funding to support development of the forthcoming title. The funding is led by veteran European VC firm Northzone. It follows a seed raise for Seed, finalized in March 2018, and led by Makers Fund, with participation by firstminute capital, Neoteny, Mosaic Ventures, and Novator — bringing the total funding raised for the project to $13.95M. The studio was founded in 2013, and originally based in Reykjavík, Iceland, before relocating to Berlin. Klang’s original backers include Greylock Partners, Joi Ito, and David Helgason, as well as original investors London Venture Partners. The latest tranche of f...

Undo gets $14M to scale to meet the software accountability challenge

Undo, a long time player in the debugging tools space, offering its program execution capture and replay technology to help others diagnose software failures, has closed a $14 million Series B round led by Cambridge Innovation Capital, the Cambridge, UK-based builder of tech and healthcare companies. The 2005 founded startup — initially bootstrapped (out of founder Greg Law’s garden shed) — has come a long way, and now has more than 30 paying customers for what it describes as its “record, rewind and replay” debugging technology, including the likes of SAP HANA, Mentor Graphics, Cadence and Micro Focus. A quick potted history: In 2012, Law quit his job to go full time on Undo, raising a small amount of angel funding and then a $1.25M from seed investment in 2014, followed by $3.3M in a ser...

Proportunity offers ‘help to buy’ loans based on predicting future house prices

Proportunity, a London-based startup and Entrepreneur First alumni, wants to help first time buyers get on the property ladder earlier or purchase a home more to their liking. The company, which recently became an FCA authorised mortgage lender, claims to use machine learning to accurately forecast future house prices and the areas of London that will see the highest growth in the next few years. Based on confidence in this modelling, it will soon begin offering equity loans to boost your deposit when buying a first home. Specifically, once Proportunity has used its technology to help identify a property for sale that both fits your needs and offers good house price growth prospects, the startup will offer an equity loan of up to 15 percent of the property’s price. You then combine this lo...