Big-name U.S. tech investors are moving in on Europe in increasing numbers

Klarna CEO Sebastian Siemiatkowski speaks at a technology and music conference in Stockholm, Sweden. Johan Jeppsson | Bloomberg via Getty Images LONDON — A growing number of renowned U.S. tech investors are moving to Europe to capitalize on the continent’s start-ups. It comes after several European tech companies saw their valuations sky-rocket during the coronavirus …

Crypto exchange FTX raises $420 million from 69 investors, in meme funding round

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Cryptocurrency exchange FTX says it has raised $420 million in a new round of funding, valuing the company at $25 billion. The Bahamas-based firm said Thursday it raised …

Silicon Valley entrepreneur Sam Altman wants to scan your eyes in exchange for free cryptocurrency

Worldcoin’s orb-shaped devices scan people’s eyes in exchange for cryptocurrency. Worldcoin It sounds like something out of a sci-fi movie — metallic orbs that scan people’s eyes to pay them in digital currency. That’s what tech investor Sam Altman has been working on for his new start-up, a company called Worldcoin. Launched out of “stealth” …

Twitter buys chat app founded by a serial entrepreneur who sold his first start-up to Yahoo when he was 17

Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images LONDON — Twitter announced that it’s acquired a chat app …

German food delivery giant Delivery Hero leads $1 billion investment in grocery start-up Gorillas

A courier for German grocery delivery start-up Gorillas, on his way to deliver an order in Berlin on July 8, 2021. Tobias Schwarz | AFP via Getty Images LONDON — German food delivery firm Delivery Hero has invested $235 million in Gorillas, an online grocery start-up, as part of a $1 billion funding round. Gorillas …

UK online lender Zopa valued at $1 billion in SoftBank-led funding round

Jaidev Janardana, CEO of peer-to-peer lender Zopa. Zopa LONDON — British online lending start-up Zopa has raised $300 million in a funding round led by SoftBank, adding to the soaring investment flowing into Europe’s booming financial technology sector. The company is now valued at $1 billion following the fresh cash injection, according to a source …

Fintech firm N26 is now worth more than Germany’s second-largest bank

N26’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images LONDON — German digital bank N26 said on Tuesday it has raised $900 million in a new funding round that values the firm at $9 billion. That’s nearly three times N26’s valuation in its last private fundraising round …

Porsche Taycan, the company’s first fully electric model, outsells flagship 911 sports car

The all-electric Porsche Taycan Turbo. Source: Porsche AG In a sign that drivers are increasingly embracing battery electric models, sales of the Porsche Taycan surpassed those of the company’s influential, high performance 911 series, according to numbers the company released Friday. The Taycan is Porsche’s first battery electric vehicle, and was introduced in the fall …

London’s ultra-fast grocery delivery war heats up with the arrival of Russian tech giant Yandex

A courier for Yango Deli, a rapid grocery delivery service run by Russia’s Yandex, rides through London. Yango Deli LONDON — Russian technology giant Yandex is jumping into London’s heated grocery delivery market, with a service that ships essential items to people’s doors in as little as 15 minutes. Yandex said Thursday it has opened …

NHTSA asks Tesla why it didn’t initiate a recall when it pushed safety-related software update

A Tesla operating in the vehicle’s driver-assist system known as Autopilot struck a police car March 17, 2021 in Michigan, officials said in a tweet. Michigan State Police A federal vehicle safety authority is asking Tesla to explain why it didn’t initiate a recall when it pushed a safety-related software update to customers in September. …