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Tag Archives: european

Twitter’s former Head of People EMEA joins VC firm Atomico as Partner

Atomico , the European venture capital firm founded by Skype’s Niklas Zennström, is announcing a number of new hires to its investment team, including new Partner Caroline Chayot, who previously led the EMEA HR team at Twitter. I’m told she’ll be working alongside existing Atomico Partner Dan Hynes, who was formerly the Director of Global Staffing at Skype, with the pair helping meet increased demand from Atomico’s portfolio companies for talent support. At Twitter, Chayot is said to have supported the leadership team in scaling the social media behemoth from two to six markets, growing the team from 80 based in London to 500 across the region. Prior to that she worked at Google in HR for 9 years. In addition, Irina Haivas has joined Atomico as Principal. The former surgeon and former surgical fellow at Harvard Medical School (yes, you read that correctly) previously worked at healthcare investor GHO Capital Partners. She’ll focus on sourcing investment opportunities in machine intelligence-enabled businesses, synthetic biology, robotics and other “frontier technologies”. The other new members of the 30-strong Atomico investment team are: Senior Associate Annalise Dragic, a recent Stanford MBA graduate and who was a member of LinkedIn’s Strategy & Analytics Leadership Program’s inaugural class. She’ll be focusing on the U.K. Associate Luca Eisenstecken, a German native who spent the last two years in San Francisco with Vector Capital. He’ll be covering Germany, Austria and Switzerland. Associate Christina Fa, who grew up in Australia and New Zealand and joins Atomico from Google’s Corporate Finance team in Mountain View. She’ll be focusing on the Nordics and Baltic regions. IR Associate Gunita Bhasin, who joins Atomico from Deutsche Bank and has lived and studied in India, Singapore, Turkey, and the U.K. She’ll support long-time Head of IR Camilla Richards in managing Atomico’s relationships with its global investor base.

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The E-Tron: Audi Launches Its First Electric Car – Ubergizmo

Ubergizmo The E-Tron: Audi Launches Its First Electric Car Ubergizmo If the Audi E-Tron looks familiar, it might be because you've seen something like it on Ubergizmo back in 2016 when Audi was showing the E-Tron SUV as a concept, as it wowed tolaunch three electric cars by 2020. So farm Audi is making good on its ... and more »

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Instagram Shopping launches personalized Explore channel, expands Stories tags after testing them since June, and lets brands add a shopping bag icon…

Josh Constine / TechCrunch : Instagram Shopping launches personalized Explore channel, expands Stories tags after testing them since June, and lets brands add a shopping bag icon to Stories   —  Instagram is embracing its true identity as a mail-order catalog.  The question will be how much power merchants will give Instagram …

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Cloudflare debuts IPFS Gateway, an easy way to access content from the P2P-driven InterPlanetary File System that does not require installing special…

Nikhilesh De / CoinDesk : Cloudflare debuts IPFS Gateway, an easy way to access content from the P2P-driven InterPlanetary File System that does not require installing special software   —  Internet security provider Cloudflare is introducing a new product to help users more easily access the InterPlanetary File System …

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iOS 12 review: mostly incremental improvements to iOS 11 rather than breaking new ground, except for Siri Shortcuts, which is a productivity…

Federico Viticci / MacStories : iOS 12 review: mostly incremental improvements to iOS 11 rather than breaking new ground, except for Siri Shortcuts, which is a productivity playground   —  We left last year's iOS 11 update with a palpable tension between two platforms.  —  On one hand, following a year of minor changes …

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iOS 12 officially launches out of beta, with faster performance, Screen Time, smarter notifications, Memoji, Siri Shortcuts, improved privacy in…

Juli Clover / MacRumors : iOS 12 officially launches out of beta, with faster performance, Screen Time, smarter notifications, Memoji, Siri Shortcuts, improved privacy in Safari, more   —  Apple today officially released iOS 12, the latest operating system designed for the iPad, iPhone, and iPod touch. iOS 12 is available …

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Facebook expands its bug bounty program to include third-party apps and services that involve improper exposure of Facebook user access tokens (Lily…

Lily Hay Newman / Wired : Facebook expands its bug bounty program to include third-party apps and services that involve improper exposure of Facebook user access tokens   —  FACEBOOK WAS A relatively early proponent of so-called bug bounties, paying out more than $6 million to security researchers who have spotted vulnerabilities …

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Stripe unveils Stripe Terminal, a new service for in-person payments with Warby Parker and Glossier as launch partners, will charge 2.7% plus 5¢…

Jason Del Rey / Recode : Stripe unveils Stripe Terminal, a new service for in-person payments with Warby Parker and Glossier as launch partners, will charge 2.7% plus 5¢ per transaction   —  The San Francisco-based company is introducing a new service for in-person payments.  —  For years, Stripe has been synonymous …

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AR startup Blippar announces the close of a $37M financing round, bringing total raised to $137M; the company says it hopes to reach profitability in…

Jordan Crook / TechCrunch : AR startup Blippar announces the close of a $37M financing round, bringing total raised to $137M; the company says it hopes to reach profitability in 12 months   —  Blippar, the AR startup that launched in 2011, has today announced the close of a $37 million financing led by Candy Ventures and Qualcomm Ventures.

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LendInvest raises $39.5M to grow its P2P property finance platform

A cloud hangs over the UK housing market as the UK government stumbles slowly through its negotiations to leave the European Union. But startups that are bringing innovative twists to housing finance seem to be singing a different tune. Today, LendInvest , a peer-to-peer platform that connects property buyers in the UK with people willing to finance those purchases (bypassing traditional mortgage lending infrastructure in the process), announced that it has raised around $39.5 million (around £30.5 million) in a Series C round of funding led by existing investor Atomico, which participation also from  GP Bullhound and Tiger Management (founded by hedge fund investor Julian Robertson). The plan will be to use this funding to continue to develop its technology and grow business into more the traditional (and bigger) mortgage business. A spokesperson for the company says there are no plans to extend beyond the UK market for now. LendInvest is currently profitable , albeit modestly, with Ebitda of about $2.8 million on gross group revenues of $70 million in the 12 months that ended in March of this year, and it says this round is likely to be the last before it lists publicly. “Having recorded a fourth consecutive annual profit, raising capital wasn’t a necessity for LendInvest but by beefing up our balance sheet and bringing on some very experienced additional investors, we are well placed to capitalise on opportunities in the future,” said  Christian Faes, cofounder and CEO of LendInvest, in a statement. “Using technology LendInvest is building a new kind of financial services business, and an extremely scalable platform, which is changing the way mortgages are funded and work in the UK.” LendInvest is not disclosing its valuation with this round (we’ve asked) but for some context, back in 2015 it was valued at $103.25 million, according to data from Pitchbook . At the time it was generating only around one-quarter of the revenues it’s making now, although with a higher Ebitda margin — meaning that it’s valuation now is likely to be much higher. LendInvest says that it has raised over £1 billion to date. But to be clear,  LendInvest counts both the funding it has raised through its investment platform, and that from outside investors such as in this round, when it gives that figure. According to PitchBook, it has raised around $152 million from VCs and other firms. The remainder, meanwhile, is one indicator of the platform’s success to date.  LendInvest currently helps property buyers pick up bridging finance, development finance and also finance for buy-to-let properties, and it says it has lent nearly $2 billion (£1.5 billion) across 5,000 properties in the UK since it was founded in 2012. It’s competing against the established route that property buyers take in the UK today when searching for finance.

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