Sifted - A right FCA-ing fiasco 💥

Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here.

 Startup Life 

 

A new trend: the startup 'away month'


Swedish startup Mentimeter this year spent €500k relocating its entire office to Madrid for a month.

By the sounds of it, everyone had a good time. But did it make sense for the business? Or was it a bit cult-ish and a giant waste of money?

Tim Smith in Barcelona investigates.

 Fintech 

 

Europe's top healthtech 'influencers'


Healthtech is a huge sector in Europe with startups revolutionising everything from drug discovery to doctor visits to mental health treatments.

So where should you go to get the latest thoughts and insights from leading founders and investors? Well, Twitter of course!

Here is our guide to the top healthtech influencers to follow.

⚡ 1000 top SaaS execs, one (virtual) event ⚡ 

 

This September, get up close with Europe’s pioneering SaaS leaders at the B2B Rocks #REBOUND conference by Axeleo, and learn how to make the most of the economic recovery from B2B experts.

 
See the list of speakers here. [Sponsored post]

 Opinion 

 

How to manage a down round


Over the next 12 months there are going to be a lot more startups raising money at lower valuations than their previous funding round.

But don't worry. Here are some top tips for how to share the news with pesky journalists, tell your team — and avoid any leaks.

🎭 Live digital events (formerly known as webinars) 🎭

 

Today at noon BST Sifted will be hosting a panel discussing how to boost your business using data — last chance to sign up here, don't miss it.

 Next Friday we'll also be looking into what's next for fintech after the coronavirus crisis. (Hint: answer = open finance.) Sign up to that one here. 

 Fintech 

 

The FCA needs to step up its game


Financial technology startups are asking if UK regulators could perhaps have done a better job of dealing with the Wirecard fiasco. 

When regulators suspended Wirecard's UK subsidiary in response to the scandal, up to 70 of its fintech clients — including Curve, Pockit and Soldo — had to suspend operations, simultaneously freezing hundreds of thousands of customer accounts for several days.

Now they are calling for change, writes Isabel Woodford. 

News that matters

 

🇨🇳 Spain's Crónica Global is reporting that Chinese internet giant Alibaba is in talks to buy Glovo, the Barcelona-based on-demand delivery company. The 'unicorn' has raised €460m over the years and has pursued a full-throttle international expansion plan. If true, this would be huge news.  

🌲 Ecosia, the Berlin-based search engine that uses its advertising revenues to plant trees, has now planted 100 million. For more on the company and its mission, see our profile from last year.

💡 Wazoku, a UK company which helps clients like John Lewis, Barclays and the UK Ministry of Defence tap their employees for good ideas, has bought US open innovation company InnoCentive.

⚓ Nauta Capital closed a €120m fund to invest in B2B startups. "The next couple of years are [going to be] great, vintage years for investing in venture," Nauta Capital general partner Carles Ferrer tells Sifted

⛽ Europe is pinning its green hopes on hydrogen in a plan that sees hundreds of billions of euros in investment flowing into the clean technology. It's news for startups in this world like the one written about here.

💰 Madrid-based K Fund, an early-stage VC which invests in tickets from €100,000 to €2m, said that it has raised a €70m second fund (up from its €50m first fund). It also launched a pre-seed funding programme called K Founders. The fund counts promising startups such as Exoticca, Factorial and Bdeo in its portfolio. 

👾 Traplight, the Finnish mobile game studio focused on making mid-core games (which are hardcore themed games you can play in a short time) said it has raised €8m in new funding. It added it was launching a new mobile gaming title called Battle Legion.

🤖 Permutive, the data management platform, announces it has raised an $18.5m Series B funding led by Octopus Ventures, with participation from EQT Ventures and earlier investors.

If you're a fan of our 'News that matters' and 'Sifted Suggests' sections, check out our newsfeed here, where we collect all of these gems — and more.

Strategic Account Manager, Proagrica, Frankfurt
Frontend Engineer, Oaknorth, London
C++ Software Engineer, Darktrace, Cambridge

Check out our jobs board if you are looking for a new role at a startup.

Sifted Suggests 

 

🧚‍♀️ A new set of players has emerged in the fundraising landscape, distinct from angels, super angels and VC firms. All hail the rise of the "solo capitalist".

👩 This is the booming women-focused fintech ecosystem in Europe. And what that really means

🇫🇷 France, As Revealed by its Elite, by Nicolas Colin.

😟 WeWork triggers a second wave of mass layoffs in the UK.

In case you missed it


🌍 “For me, there is no point going to another planet if we’re just replicating the same mistake that we did on Earth.” Inside this founder's mission to build a sustainable society on Mars.

🧒 Is this the new face of Generation Z banking? Meet the banks the teenagers in your life will be using soon.

🕺 “He is perhaps the only manager I’ve ever had that, if he told me today to down my tools and come join him, I’d go.” A profile of digital bank Monzo's new CEO, TS Anil.

👉 Talk to the European startup community 👈


Want to reach founders and decision-makers in the European startup ecosystem? Contact Helen Seidenberg, partnerships director, for advertising and sponsorship opportunities with Sifted.

Sifted resources

Michael Stothard
Editor


Get in touch with him at michael@sifted.eu.
He loves to know what we could be doing better.
Follow the whole Sifted team for news and views: 
@MStothard@amyrlewin@maijapalmer@i_woodford, @Marie_a_Paris@KitGillet@timmpsmith, @connorbilboe@MimiBilling@kittygknowles@johnthornhillft
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Older messages

Coliving crunchtime 😬

Wednesday, July 8, 2020

Covid vs startups data | Beer tech | The quantum threat | Virtual office hours playbook Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Healthtech

Berlin, you have a problem 🥴

Monday, July 6, 2020

Black in tech in Berlin | Zopa 2.0 | We're hiring Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Fintech The lender that keeps fighting "I

Jobs for the boys 🤦‍♀️ 

Wednesday, July 1, 2020

New VC training scheme | Top women investors in Portugal | 'Psytech' startup raises £3m Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Venture

Fintech's darkest day 🌪️

Monday, June 29, 2020

Wirecard scandal rocks UK fintechs | If cars could fly | TechHerOn launch Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Fintech Fintech's darkest

Women: invest more 💁‍♀️ 

Friday, June 26, 2020

Connect raises $80m | Top healthtechs in Spain | Dastardly Digital Services Act Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Venture Capital VCs have

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