Europe Archive

Luxury Goods Market Hampered by Terror Threats, US Election

MILAN, Italy — The terror threat in Europe, a strong dollar and uncertainty over the US presidential elections have eroded the confidence of the globe’s big-spenders, holding luxury purchases flat in 2016, according to a study released Thursday. Spending on luxury apparel, accessories and other personal items is expected to hold steady at 249 billion euros ($273 million) this year, a study by Bain Consultancy for …

Anarchy or ecstacy in the UK? Study to reveal Brexit impact at Disrupt London, Dec 5-6

TechCrunch Disrupt in London is on 5-6 December. Today we’re delighted to say James Wise, Partner with Balderton Capital is also joining our panel on the theme of the impact of Brexit on startups in the UK and Europe. Wise will reveal results of a custom study on the fallout Brexit could have on the UK and European talent and startup ecosystems, as part of …

Tesla told to stop using “misleading term Autopilot” in Germany

Germany’s Federal Motor Transport Authority (KBA) has asked Tesla to stop using the term ‘Autopilot’ to refer to its driver assistance technology because of the risk of misleading consumers about the capabilities of the technology. According to a report in Germany’s Bild am Sonntag newspaper yesterday, the KBA has written to Tesla asking the electric car company to stop using the term in order “to avoid misunderstandings and false customer expectations”. A …

VC firm Daphni announces its first $165 million fund

Paris-based VC firm Daphni is announcing its inaugural fund for seed and Series A investments. The team will manage a $165 million fund (€150 million) and try some new things when it comes to venture capital in Europe. On paper, Daphni looks like many other funds. A bunch of limited partners have given a big pile of money so that a team of tech-savvy people …

K Fund is a new €50M VC fund investing in early-stage Spanish startups

Joining the likes of Kibo Ventures, Seaya Ventures, Nauta Capital, and JME Ventures, Spain has a new VC on the block. K Fund is a €50 million fund that will invest in Spanish startups with an international outlook, making lead investments at both the seed and Series A stages, writing checks of between €100,000 to €2 million. I’m also told it will do follow-on rounds …

The loss of an ARM

Japanese telecoms firm SoftBank recently acquired British microchip manufacturer ARM Holdings. ARM’s shareholders approved the $32 billion deal at the end of August, and the company was delisted from the London Stock Exchange on September 5. The deal represents the largest acquisition of a European technology company. Ever. Since SoftBank’s intentions to take over ARM were revealed, there has been a slew of commentary mourning …

ComplyAdvantage raises $8.2M Series A to help firms manage compliance

Back in the days when I did a startup I almost de-railed our VC funding after discovering my passport had expired. Without it I couldn’t pass the anti-money laundering checks imposed on the fancy and overpriced London law firm we’d hired. Then we almost failed to open a bank account so we could actually receive the money because we were unable to fly over all …

Estonia’s Funderbeam is building a blockchain-based “stock exchange” for startups

Headed up by Kaidi Ruusalepp, who was previously CEO of the Nasdaq Tallinn stock exchange, Estonia’s Funderbeam is on a mission to build what she calls a “funding and trading engine for growth companies”. Providing tools to research, fund and trade in private companies, the bigger vision is to build something akin to a “stock exchange” for startups based on blockchain technology. To make that …

The man who made Russian fashion cool

If Moscow, with its punk and skater subcultures, is the next fashion destination, then Gosha Rubchinskiy is its poster boy. The Russian designer is not a household name, but that’s hardly surprising. His clothes are tricky, esoteric even: gently oversized utility jackets, high-waist jeans tied with shoelaces; T-shirts emblazoned with the hammer and sickle. Along with Georgian/Parisian label Vetements, he is the hottest designer in …

Steve Hilton, Crowdpac founder and Brexit advocate, joins Disrupt London, Dec 5-6

TechCrunch Disrupt in London is on December 5-6. Think 3,000 crazy startup founders and investors talking for two solid days. And not to mention the hackathon on the weekend before! We’ve already announced many great speakers and we’re glad to say Steve Hilton is joining. He’s not just the co-founder and CEO of Silicon Valley political crowdfunding and data start-up Crowdpac — he’s a former …