Oxx, a relatively new European venture capital firm founded by Richard Anton and Mikael Johnsson, has raised $133 million to back “Europe’s most promising SaaS companies” at Series A and beyond. Headquartered in London and Stockholm, the VC is pitching itself as a dedicated SaaS-focussed fund, and will invest broadly across software applications and infrastructure.
Month: February 2020
Ever since Xerox set its sights on HP last November, the companies have been engaged in an ongoing battle. Xerox would like very much to take over the much larger HP, while the printer giant has so far rejected Xerox’s advances. Today, Xerox decided to sweeten the pot, raising its offer by two dollars per
London’s tech scene is playing musical chairs. In people news from the investors scene, the UK’s Angel CoFund (ACF) has now made two key appointments to the team and board. Former ACF Chairman George Whitehead moves to the position of Partner. Alliott Cole, the current CEO of Octopus Ventures, joins the fund as non-exec Director.
The world’s biggest mobile tradeshow, Mobile World Congress (MWC), is due to take place in Barcelona just under two weeks’ time, on February 24-27. The annual international telco industry event typically attracts more than 100,000 delegates from around 200 countries across the conference’s four days — with every major telco and tech giant exhibiting (with
U.S. femtech startup CurieMD is offering menopause diagnosis and treatment prescription via a telehealth platform — beginning in California, where it launched late last year. Founder Dr Leslie Meserve says the goal is to widen access to treatment and support services for mid-life women, spying a business opportunity in offering an auxiliary digital service targeting
You’ve been busy. I’ve been busy. But people are talking about Slack all over Twitter, so let me catch us both up. All the ruckus concerning Slack and its publicly traded stock appeared to kick off with a Business Insider story, which had the following headline: Slack just scored its biggest customer deal ever, as
Can’t afford Netflix and HBO and Spotify and Disney+…? Now there’s an app specially built for giving pals your passwords while claiming to keep your credentials safe. It’s called Jam, and the questionably legal service launched in private beta this morning. Founder John Backus tells TechCrunch in his first interview about Jam that it will
Today, AWS made public its Motion to Supplement the Record in its protest of the JEDI contract decision. As part of that process, the company has announced it wants to depose President Trump and Secretary of Defense Mark Esper. When Amazon announced at the end of last year, that it was protesting the DoD’s decision
Impala has raised another round of funding just a few months after raising an $11 million Series A round. This time, the startup is raising a $20 million Series B round led by Lakestar. Latitude Ventures is also participating in the round. The company is building a service that works pretty much like Plaid, but
Mobile adoption around the world is having a significant impact on the web’s traffic. According to a new report from SimilarWeb, out today, mobile web traffic has jumped 30.6% since 2017, while desktop traffic dropped 3.3%. But it’s not just the numbers that are changing. Mobile visitors also behave differently from their desktop web counterparts,
Just a couple days after mobile analytics and marketing company Localytics was acquired by Upland Software, two of its founders are announcing their new startup, Demand Sage. CEO Raj Aggarwal and CTO Henry Cipolla previously co-founded and served in the same roles at Localytics, and they founded Demand Sage with Chief Product Officer Randy Dailey
Starling Bank, the U.K.-based challenger bank founded by banking veteran Anne Boden, has raised another £60 million from its existing investors, Merian Global Investors and Harry McPike’s JTC. The investment brings the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019. Boden
Facebook receives plenty of pointed criticism from numerous corners, including for refusing to police political speech on Facebook, its seemingly endless string of privacy breaches and its apparent coziness with the Trump administration. One of the platform’s most prominent critics, somewhat unexpectedly, is comic, writer and actor Sacha Baron Cohen. Indeed, his powerful speech to
Tesla appears to be ramping up installations of its solar tile roofs in the San Francisco Bay area and will eventually roll out to Europe and China, according to CEO Elon Musk who in a series of tweets provided the first substantial update since the company launched the third iteration of its product in October.
“It’s an open secret that every company is on fire,” says Kintaba co-founder John Egan. “At any given moment something is going horribly wrong in a way that it has never gone wrong before.” Code failure downtimes, server outages and hack attacks plague engineering teams. Yet the tools for waking up the right employees, assembling
Over the last few years, Facebook has been busy building out AI capabilities in areas like computer vision, natural language processing (NLP) and ‘deep learning,’ in part by acquiring promising startups in the space. Understandably, this has seen the U.S. social networking giant look to the U.K. for AI talent, including an acqui-hire of NLP
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. As top exhibitors pull out of MWC, organizers implement stringent safeguards A couple of weeks before the event, the organizers of
It was South Korea’s — rather than Netflix’s — night at the Oscars, thanks to Bong Joon-ho’s biting class satire Parasite, which won a well-deserved best picture gong. But tech giant Samsung appears to have been hoping to steal a little of the national limelight: The Korean phone maker chose a prime Oscars ad slot
A couple of weeks out, Mobile World Congress organizer, the GSMA, has issued some fairly sweeping safeguards over growing concerns around the coronavirus. After a number of high profile back outs, including ZTE, LG, NVIDIA and Ericsson, the company issued a new list, including a ban of visitors originating from the Hubei province, whose capital
Snowflake, the cloud-based data warehouse company, doesn’t tend to do small rounds. On Friday night word leaked out about its latest mega round. This one was for $479 million on a $12.4 billion valuation. That’s triple the company’s previous $3.9 billion valuation from October 2018, and CEO Frank Slootman suggested that the company’s next finance
‘It’s a category that’s been underserved for a long time,’ says principal Hannah Seal Natasha Lomas @riptari / 10 hours U.K. startup Daye is rethinking female intimate care from a woman’s perspective, starting with a tampon infused with cannabidiol that tackles period pain. It’s also quietly demolishing the retrograde approach to product design that women
An interview with Julie Samuels, founding executive director of Tech:NYC Scott Bade 10 hours Scott Bade Contributor Scott Bade is a former speechwriter for Mike Bloomberg and co-author of “More Human: Designing a World Where People Come First.” More posts by this contributor The tech of giving back: an interview with Salesforce’s Chief Philanthropy Officer
An algorithmic risk scoring system deployed by the Dutch state to try to predict the likelihood that social security claimants will commit benefits or tax fraud breaches human rights law, a court in the Netherlands has ruled. The Dutch government’s System Risk Indication (SyRI) legislation uses a non-disclosed algorithmic risk model to profile citizens and
TVs this year will ship with a new feature called “filmmaker mode,” but unlike the last dozen things the display industry has tried to foist on consumers, this one actually matters. It doesn’t magically turn your living room into a movie theater, but it’s an important step in that direction. This new setting arose out
Qualcomm is facing fresh antitrust scrutiny from the European Commission, with the regulator raising questions about radio frequency front-end (RFFE) chips which can be used in 5G devices. The chipmaker has been expanding into selling RFFE chips for 5G devices, per Reuters, encouraging buyers of its 5G modems to also buy its radio frequency front-end
This morning Carta, a startup that helps private companies manage equity, announced it has created an investing vehicle called Carta Ventures. The well-funded unicorn wants to invest in young startups that it sees building off of its data-driven perspective into the world of private companies, helping to foster an ecosystem around its core products and
Scape Technologies, the London-based computer vision startup working on location accuracy beyond the capabilities of GPS, has been acquired by Facebook, according to a regulatory filing. Full terms of the deal remain as yet unknown, although a Companies House update reveals that Facebook Inc. now has majority control of the company (more than 75%). However
Google is updating Google Maps on Android and iOS with a revamped tab bar at the bottom, a new icon and a couple of new features. In particular, the company is putting more emphasis on user-generated content and recommendations. At the bottom of the app, you now get five icons — Explore, Commute, Saved, Contribute
In a little less than three months, TechCrunch will bring its Early Stage event to SF for the very first time. Early Stage is meant to bring together more than 50 experts across startup core competencies, from funding to marketing to operation. Today, I’m pleased to announce another four experts being added to the agenda.
With Casper’s public offering earlier this week, we’ve closed the book on the first two venture-backed IPOs of note in 2020. Casper, joined by One Medical, carried over $870 million of private capital, venture and otherwise, across the finish line. Even though each IPO featured an unprofitable tech-enabled business that had posted sub-30% growth and
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