Babylon vs Ada: Battle of the symptom checkers ⚔️

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

 AI 

 

When Anne met Tom


Ever wondered what Starling founder Boden and Monzo founder Blomfield would say to each other if they met now? 

Or what SoftBank's Masayoshi Son would say to WeWork's Adam Neumann? Or Google's Sundar Pichai to the EU's Margrethe Vestager?


We asked GPT-3, OpenAI's powerful new language generator, to imagine a conversation between 10 startup and tech luminaries.

This is what it came up with.

⚡ Power your team with top freelancers ⚡

 

Whether you need a snappy solution for your marketing strategy or a developer to spice up your website, Fiverr Business gives you fast access to top-tier freelancers.

Use promo code SIFTED20 for 20% off Fiverr Business. [Sponsored post]

 Investment 

 

These footballers are investing in startups


The average annual salary of a Premier League footballer is around £3m, with top-flight players like Lionel Messi earning nearly £100m in 2020.

But which players are ploughing that money back into startup investing? Turns out, there are a lot more than you might think.

Who are they?

 Startup Life 

 

How to build a top tech team — tips from the people who've done it


All of Europe's most successful scaleups were once tiny startups without much to show for themselves.

So how did they attract great tech talent? And what did they learn about holding onto and developing that talent over time as the business grew?

We asked leaders from Alan, Voi, Checkout.com and more to share their learnings.

Unsurprisingly, they came up with some pretty good tips.

👌 Startups staying positive 👌

 

Sifted partnered with Google for Startups to pen a chapter in their annual Yearbook all about adapting to the unexpected.

Read six stories from startup founders on how they adapted their businesses in response to the global pandemic… and what the outcomes were.

 Healthtech 

 

New symptom tracker comparison puts Ada ahead of competitors


Digital symptom trackers have been under a lot of scrutiny the last few years — criticised for not being accurate enough and for claiming to be more effective than they are.

But according to a new study, there is one which is better than the rest: Ada Health.

Why? And who came out the worst?

News that matters

 

🎈 French fintech Lydia has secured an additional $86m as part of its Series B, taking the total fundraise to $131m and making it the largest fintech round in the country’s history. Yes, that's the largest in French history. Launched in 2013, Lydia is now a household name in France, with 30% of all under-30s signed up, according to the company. Read more about it here

💳 British payments company GoCardless has secured $95m in new funding, bringing the company to near unicorn status with a $970m valuation. The latest funding will be used to expand the platform, which allows customers to set up direct debits to businesses using their bank account details rather than through credit cards or bank transfers. To find out more about the company's much-admired CEO Hiroki Takeuchi, read our profile here.

🏫 Brainly, the Polish homework help platform, has raised an $80m Series D funding round to capitalise on the home-learning trend that has seen its user numbers increase by 75% since April. “Over the past six months, we have achieved growth milestones that we had projected to hit over the next few years,” said Michał Borkowski, the company’s CEO and cofounder.

✈️ Cargo.one, the digital booking platform for air cargo, has raised $42m amid a surge in demand from ecommerce — and a pressing need for temperature-controlled cargo to deliver coronavirus vaccines. Cargo.one’s latest round, at Series B, was led by Bessemer Venture Partners and included participation from Index Ventures, amongst others. The round comes just six months after cargo.one’s Series A, which closed at $18m.

🚗 Cazoo, an insanely well-financed and fast-growing online used car retailer, announced that it will acquire Drover, a UK car subscription platform, for an undisclosed sum. Founded in 2016, Drover has a team of over 100 across London, Lisbon, Paris and Bucharest — and raised £22.8m in July this year. Freya Pratty and Amy Lewin look into what the acquisition means for Cazoo, Drover and Drover's investors here.

🧀 Better Dairy, a UK startup developing animal-free dairy products that was founded out of Entrepreneur First (EF), has picked up £1.6m in seed funding. The London-based company is currently in the R&D stages of developing products that are “molecularly identical” to traditional dairy without using animals as part of the production process.

👩‍⚕️ Babylon Health, the digital health giant, has raised another $100m (primarily via convertibles) led by VNV Global. This comes a year after it closed a $550m round of funding which valued the company at around $2bn and comes amid a spike of interest in telehealth startups during the coronavirus pandemic. 

💰 The latest data is out from the UK government's Future Fund, set up to support startups during the pandemic. The body has now approved £975.5m worth of convertible loan notes to 971 startups affected by Covid-19. The sum was originally going to be £250m!

💸 ABN Amro is increasing the size of its venture fund from €100m to €150m to give it more firepower to add to its fintech portfolio. This is the third time that the Dutch bank has increased the size of the fund since it was set up in 2015, and a clear sign that it is accelerating the pace of digital transformation.

🤸‍♀️ Share the fun 🤸‍♀️

 

If you like our newsletter, please forward it on to somebody else who might like it too. It really helps us grow our audience. Thanks!

Sifted Suggests 


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🐛 Raw, insect-based or gourmet — the new flavours of pet food.

🧎 The dumb myth of the lone tech founder needs to end.

🇪🇺 How has the European investment landscape changed in 2020? We tell you here.

Sifted reports

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@MimiBilling@i_woodford, @Marie_a_Paris@KitGillet@timmpsmith, @mparts_@CecileBussy@connorbilboe, @FPratty@johnthornhillft
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Pitchbot 🤖

Wednesday, December 16, 2020

GPT-3' startup pitches | Why deeptech isn't such a good investment | Pivoting tips Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. AI When GPT-3

Latitude: A new type of Series B fund 🌍

Monday, December 14, 2020

Fancy getting an office avatar? | Fintech gets political | Germany's Future Fund Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Venture Capital

Must-read tech newsletters 💌

Friday, December 11, 2020

A new dark kitchen | A quantum Siri | Best European tech newsletters Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Fintech A fintech unicorn goes —

20 top charts on European tech 🙃

Thursday, December 10, 2020

Crypto crunch time in London | Acquire your way to the top | Facebook vs. UK fintech Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Venture Capital Our

VC maths: Hopin's valuation 🤔

Monday, December 7, 2020

Tesla's taxi wars | European fundraising: 2021 predictions Sifted is the FT-backed media site telling the untold stories of European tech. Subscribe here. Founders Gen Z entrepreneurs to watch Gen

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