Category: VC Funding News

EU Plans to Take on U.S. Tech Firms

European Union officials drafted a plan to launch a sovereign wealth fund to invest in companies that could compete with U.S. and Chinese tech giants, according to reports in the Financial Times and Politico.  The reports, citing an internal document, said EU officials have drafted a document for a “European Future Fund” that would invest 100 billion euros …

Inshur raises an additional $1.5m Series A

Insurtech startup Inshur has raised a further $1.5m to its Series A round from Viola FinTech, a cross-stage venture fund that invests in global FinTech companies. This brings the total investment to $9.6m to date, with a $2 million credit facility. Inshur is a 100% digital provider of commercial auto insurance. The business is powered by data …

Octopus Ventures-backed Systum raises $10.7m

Systum, a provider of a digital operating platforms for small to medium-sized businesses has announced it has raised $10.7 million in its latest round of funding led by London-based venture capital firm Octopus Ventures. Systum combines business operations such as inventory and order management, marketing, CRM and digital commerce into a single platform that delivers …

London startup Koru Kids raises £10m Series A

Koru Kids, the platform for finding and managing childcare, has announced a £10m Series A investment to scale the company’s childcare offering, in keeping with the company’s mission to profoundly improve the well-being of families. The latest investment is led by Atomico with participation from previous investors AlbionVC, Forward Partners, Samos, JamJar, Global Founders Capital, …

Insurtech firm Ethos raises $60m to support business expansion

American insurtech start-up Ethos has raised $60m in a Series C funding round led by Google’s venture capital arm GV and new participation from Goldman Sachs. The funding round was also jointed by the company’s existing investors such as Sequoia Capital and Accel. With the completion of the latest funding, Ethos has raised a total …

How UK VCs are managing the risk of a ‘no deal’ Brexit

Grab your economic zombie mask: A Halloween “no deal” Brexit is careening into view. New prime minister Boris Johnson has pledged that the country will leave the European Union on October 31 with or without a deal — “do or die” as he put it. A year earlier as the foreign secretary, he used an even more colorful …

How to cold pitch your startup to a VC

Venture capitalists say they are more open to cold pitches than ever before, but how do you make your pitch stand out from the crowd? Cold pitching. It’s an unfashionable topic in the startup world, and can often feel like a thankless task. But it is something which came up time and time again when we spoke to a …

Inside the UK unicorn that’s about to become the Intel of AI

Bristol-based Graphcore’s “intelligence processing unit” aims to do for AI what the graphics processing unit did for computing In September 2015, hardware veterans Nigel Toon and Simon Knowles were doing the rounds of venture capital offices in Silicon Valley and London, touting their latest startup. The pair had a dazzling track record – among other …