European early-stage investor Seedcamp has announced the $180M close of its “Fund VI”. It’s a long way from a London university lecture hall 15 years ago in September, when Founding Partner and co-CEO Reshma Sohoni stood up and introduced the first Seedcamp cohort (Incidentally, this was the same day TechCrunch launched in Europe, and my first day
Wefox, the German insurtech startup, has closed a new funding round from existing investors. The funding amount isn’t going to impress anyone as the company managed to secure $55 million. This could be considered as an extension of the $400 million Series D round as Wefox managed to maintain the same valuation of $4.5 billion.
Logitech is moving forward with its handheld gaming console focused on cloud gaming as the company is about to launch its device in Europe. In addition to this release, the company is still actively releasing software updates for the Logitech G Cloud. The Logitech G Cloud will become available gradually between May 22 and June
In 1846, London surgeon John Hutchinson invented the spirometer, a thing you blow hard into, to measure the volume of air inspired and expired by the lungs. It’s a pretty basic idea. Incredibly, since then, the technology has barely evolved. Today, the modern spirometer doesn’t even measure the amount of CO2 expelled by the lungs,
Jamie Siminoff has been busy. The Ring founder quietly exited the advisor role he took back in March after exiting the brand’s CEO role. He had been at Amazon since its 2018 acquisition of the firm. Turns out he’s sold yet another startup — this time one you’ve never heard of. The clunkily named Honest
Normally in the music industry, it’s more or less impossible for ordinary investors to buy music rights. Thus, Web3 startups saw an opportunity to tokenise music assets, allowing fans access to music rights in a wholly new fashion. Of course, this garnered a lot of interest during the Crypto boom a couple of years ago.
Vice was valued at $5.7 billion just six years ago, eyeing a potential IPO. Now, the trendsetting media company has filed for Chapter 11 bankruptcy. The company’s lenders — Fortress Investment Group, Soros Fund Management and Monroe Capital — have agreed to purchase the company for $225 million. That’s only about 4% of the company’s
Welsh in-space manufacturing startup Space Forge has developed a satellite reentry system to enable rapid recovery and reuse of its in-space manufacturing spacecraft. The new system, which includes a heat shield and a water vehicle designed to soften the spacecraft’s landing, will be incorporated into the company’s in-space manufacturing satellite platform called ForgeStar. As opposed
Amazon has reached a deal with Embracer Group, the company that holds the IP rights for “The Lord of the Rings” and “The Hobbit,” to release a massively multiplayer online (MMO) game based on the works of J.R.R. Tolkien. The upcoming game will be an open-world MMO adventure set in Middle-earth, featuring the stories of
Electric boats are still a rarity on America’s waterways, but everyone seems to agree they represent a cleaner, quieter future for our lakes, rivers, and coastal waters. Navier has moved impressively quickly from idea to prototype to production boat, and the startup is now touring the west coast, winning admirers in high places who hope
Casey Handmer is not intimidated by very large quantities. Trillions of acres. Thousands of gigawatts of solar power. A billion metric tons of carbon. His startup, Terraform Industries, aims to operate at these ambitious scales. The company wants to turn hydrogen and atmospheric carbon into synthetic natural gas at scale. It’s more than a little
Tesla officially broke ground Monday on a Texas lithium refinery, making it the only U.S. automaker to refine its own lithium. CEO Elon Musk said the refinery will produce enough battery grade lithium for 1 million electric vehicles by 2025, which would make Tesla the largest processor of lithium in North America. Tesla will continue
Dutch startup Farmless has today announced that it has raised a €1.2 million pre-seed equity round at an undisclosed valuation to bring to our tables proteins created without the need for traditional farming operations. The climate crisis means that it has never been more pressing to develop alternative food sources in order to both protect
Helion, the clean energy company with its eye firmly on the fusion prize, announced a couple of years ago that it had secured $2.2 billion of funding to help it develop cleaner, safer energy at a commercial scale in November 2021. Today, it is starting to reap the fruits of its labor, announcing an agreement
Last year, climate tech seemed to be invincible while the venture capital and startup worlds were fretting about a downturn and scrambling to conserve cash. Climate tech investors and founders in 2022 may not have hit the heights of 2021 but they didn’t drop off a cliff either. In the first quarter of the year,
Dutch e-bike maker VanMoof is refreshing its entry level lineup with a pair of new bikes available in some very springy colors. The X4 and S4, out this month, retain the frame and philosophy of VanMoof’s previous X3 and S3 e-bikes while trimming some of the complexities that made those models notably high-tech but less
Sweden-based VC fund Pale Blue Dot bounced onto the scene in 2020 with a €53 million fund to help climate-focused startups. This fund grew again by €34 million in April 2021, and after deploying investments into 28 climate-forward companies, the investor this week announced it has officially closed its second fund. This one is valued
Building and maintaining relationships is hard, and COVID-19 definitely didn’t help. Multiple studies have shown that adults have gotten even more lonely since the start of the pandemic. Founders are trying to find tech solutions. There are many startups looking to combat loneliness — some formed years before the pandemic — including senior-focused ElliQ and
Wingcopter, a startup out of Germany that has made a name for itself in the world of delivery drones used primarily for delivery of medicine and other goods to remote areas, has picked up some more financing to expand its business. The European Investment Bank is putting €40 million (close to $44 million) into the
TikTok has upended how music is discovered, used and consumed these days; now, its long-term effort to build a business around that is getting a boost. The Bytedance-owned app today announced a search feature called “NewMusic”, which users can use to find new tracks, and artists can use to promote them. To see new music
Reminder: Today is the deadline for the Meta’s lead privacy regulator in Europe to adopt a final decision on a nearly decade-long complaint against Facebook’s transfers of personal data from the EU to the US that could see the company ordered to stop the flow of data. The Irish Data Protection Commission (DPC) confirmed to
Shortly after last week’s joint announcement which saw Apple and Google teaming up on Bluetooth tracker safety measures and a new specification, Google today introduced a series of improvements coming to its own Find My Device network, including proactive alerts about unknown trackers traveling with you with support for Apple’s AirTag and others. The news,
Netflix is planning to cut its spending by $300 million this year, according to a new report from The Wall Street Journal. The report indicates that part of the reason why the streaming giant is looking to cut costs is because it delayed its plans to crackdown on password sharing in the U.S. and elsewhere
Builder.ai tapped into a new wave of businesses wanting their own native apps with a turnkey approach, accelerated by the rapid digitization of life during the pandemic. That led to led to a $100 million Series C funding round last year led by Insight Partners, taking the company’s total funding to $195 million. It’s now
We knew the Pixel Tablet was coming. In fact, we’ve known it for a year. Google teased the device at last year’s I/O. It was one of those “don’t worry, we’re working on stuff” sort of deals, with an extremely broad 2023 release date. The company offered a (slightly) better look at the system at
As Disney approaches its third round of expected layoffs and deals with production delays due to the ongoing writers strike, the company delivered more bad news to investors. Its flagship streaming service, Disney+, lost a whopping four million subscribers in Q2 2023, bringing the total to 157.8 million subscribers, compared to 161.8 million subs in
Dutch social enterprise Fairphone is best known for its mission to build ethical smartphones via a brand that promises fairer wages for supply chain workers and design choices that encourage consumers to cherish and repair the hardware rather than toss last year’s model thanks to modularity and a web shop selling replacement (and upgradeable) spare
I’m back in the South Bay this week, banging away at an introduction in the hotel lobby a few minutes before our crew heads to Shoreline for Google I/O. There’s a guy behind in a business suit and sockless loafers, taking a loud business meeting on his AirPods. It’s good to be home. I’ve got
After the film “Dungeons & Dragons: Honor Among Thieves” became a hit, topping $200 million at the worldwide box office, Hasbro wants more. Hasbro-owned production company eOne announced Thursday that it is launching a new free, ad-supported streaming television (FAST) channel dedicated to the widely popular role-playing tabletop game. Variety was the first to cover
In a series of votes in the European Parliament this morning MEPs have backed a raft of amendments to the bloc’s draft AI legislation — including agreeing a set of requirements for so called foundational models which underpin generative AI technologies like OpenAI’s ChatGPT. The text of the amendment agreed by MEPs in two committees
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