UK’s antitrust watchdog orders Facebook to sell Giphy

In a significant push against big tech’s ability to maintain market dominance through sheer buying power, the UK’s competition watchdog has ordered Facebook (now Meta) to reverse its acquisition of animated GIF platform, Giphy — confirming the Financial Times‘ earlier reporting. The Competition and Markets Authority (CMA) said its phase 2 investigation cemented its earlier […]

LG Energy Solution gets Korea Exchange’s nod for planned IPO

LG Energy Solution, the battery unit wholly owned by LG Chem, received preliminary approval for an initial public offering, the Korea Exchange said in a statement on Tuesday. LG Energy Solution is reportedly planning to submit its IPO application to Financial Supervisory Service as early as this week, aiming to list at the end of […]

Soveren launches from stealth with $6.5M seed funding to automate GDPR compliance

Soveren, a London-based startup that automates the detection of privacy risks to help organizations comply with GDPR and CCPA, has launched out of stealth with $6.5 million in seed funding. The company analyzes real-time data flows inside an organizations’ infrastructure to discover personal data and detect privacy risks to make it easier for CTOs and […]

Developer productivity tools startup Raycast raises $15M from Accel and Coatue

Developer-focused productivity tool Raycast has raised $15 million in Series A funding, led by Accel and Coatue. Also participating in the round were angel investors Johnny Boufarhat, the CEO and founder of Hopin; Jeff Weinstein, the head of product at Stripe; Jason Warner, the former CTO of GitHub and Ott Kaukver, the CTO of Checkout.com, […]

Portugal’s ‘Predictive maintenance’ startup Stratio pulls in a $12M Series A round led by Forestay

The fleet management industry needs to be able to predict when a truck or a van is about to break down. Not only does this prevent millions in lost revenues, it also has huge implications for supply chains. ‘Predictive maintenance’ is one of those spaces in which you will find several incumbent companies, such as […]

Southeast Asia multi-currency neobank YouTrip raises $30M Series A, will launch corporate card

Singapore-based YouTrip, an online bank that focuses on making multi-currency transactions less costly and more efficient, announced today that it has raised a $30 million Series A. YouTrip founder and CEO Caecilia Chu said the round was led by prominent family offices in Asia who prefer to remain unnamed, but are returning from earlier rounds.  […]

GajiGesa, a fintech for unbanked Indonesian workers, lands $6.6M pre-Series A

GajiGesa, a fintech company focused on services for Indonesian workers, announced today that it has raised $6.6 million USD in pre-Series A funding. The round was led by MassMutual Ventures, with participation from January Capital, European earned wage access company Wagestream (EWA is GajiGesa’s flagship feature), Bunda Group, Smile Group, Oliver Jung, Northstar Group partners […]

Second-hand car auction platform Motorway hits Unicorn status after $190M raise with Index, ICONIQ

It was only in June that Motorway – a U.K. platform on which professional car dealers can bid in an auction for privately owned cars for sale – raised $67.7 million in a Series B round. It’s now raised a $190m Series C funding round led by Index Ventures and ICONIQ Growth, a leading Silicon […]

Investors: Up your ante at the iMerit ML DataOps Summit 2021

The “oil bidness,” as they say in Texas, is so 20th century. Data, artificial intelligence and machine learning are the power triad fueling the future. If you’re an investor placing bets on the data operations market, you can’t afford to miss the iMerit ML DataOps Summit on December 2, 2021. This free, one-day virtual conference […]