| | Tuesday, June 27, 2017 | |
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We are hosting the next Syndicate (fka, Open Angel Forum) on July 7th in SF and are looking for 7 startups raising money now that have half their round closed. Apply here.
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Google receives a record $2.7B fine from the EU for favoring its own shopping service within search results; the EU Commission gives Google 90 days to begin offering equal positioning to rival services; the firm has 60 days to present its plans for compliance - Link
Update: Google says it's considering an appeal; the firm notes numerous European merchants use its shopping service; also cites Amazon and eBay as having an impact on comparison services - Link
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Apple ($763.7B market cap) acquires eye tracking firm SensoMotoric Instruments, reports MacRumors; terms undisclosed; the Germany-based firm develops tracking technology for VR, AR, in-car systems, and more - Link
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Charter Communications and Comcast are in talks with Sprint for a possible investment or takeover, according to sources for The Wall Street Journal; Sprint has put merger talks with T-Mobile on hold; follows an agreement between Charter and Comcast to partner on wireless deals - Link
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Get video meetings, team messaging, digital white boarding, file sharing and calling all in one secure app. Visit ciscospark.com to learn more and sign up for free.
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Berlin-based Capnamic Ventures closes its latest fund at $129M; targets early-stage startups in German-speaking markets; particularly focused on B2B, digital infrastructure, and digital transformation firms - Link
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Cloud-based log management platform Sumo Logic raises $75M Series F led by Sapphire Ventures with participation from Accel Partners and others; the firm provides users with real time data analytics; raised $235M to date - Link
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Healthtech firm Your.MD raises $10M led by Orkla Ventures; the London-based startup provides a chatbot app that can learn about a user’s symptoms, then offer advice and services that may help; raised $17.3M to date - Link
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Apartment rental service Stayawhile raises $1.5M seed led by New Enterprise Associates with participation from Founders Fund and Global Founders Capital; the startup offers a network of temporary homes in NYC and Boston - Link
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Finland-based social marketing startup PromoRepublic raises $1.2M seed from Howzat Partners, Digital Future, and others; the firm provides AI-powered tools to help marketers create social media posts; raised $2M to date - Link
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Singapore-based fintech startup CredoLab raises $1M seed led by Fintonia Group with participation from Reliance Modal Ventura and others; the firm offers a mobile app that studies device data to generate a predictive credit score - Link
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Visa invests an undisclosed amount in Sweden-based payments company Klarna; the firms will collaborate on a range of products, though full details remain unclear; raised more than $376M to date - Link
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A group of investors may pull funding from Binary Capital, according to sources for The Information; the firm previously secured $175M for a new fund; it's unclear how much is under threat; follows the departure of Justin Caldbeck in the wake of sexual harassment claims - Link
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The Verge reviews Amazon Echo Show; cites good video conferencing features and better sound than previous Echo speakers; notes a lack of screen-enabled skills; also doesn't support third-party video streaming services - Link
http://www.youtube.com/watch?v=0OsrAUdys3Y
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Amazon begins rolling out an intercom feature for Echo devices; lets users access an Echo speaker from an Echo in another room; also works with the Alexa mobile app, which can be used outside of the house - Link
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Nvidia partners with Volvo and car safety firm Autoliv to develop self-driving systems; operating under the Zenuity brand, the technology will be used in Volvo vehicles, and made available to other carmakers - Link
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Apple releases iOS 11 public beta; includes a files app, updated control center, screen recording, new iMessage effects, and more; includes a dock and system-wide drag-and-drop for iPad - Link
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Vimeo cancels plans for a subscription streaming service; the product was set to launch in 2018 and feature original content; it’s unclear why the plans have been dropped - Link
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Facebook, Twitter, YouTube and Microsoft form a partnership to tackle online terrorist activity; the Global Internet Forum to Counter Terrorism aims to improve of cooperation between platforms, governments, and other organizations; will also establish a set of best practices, and more - Link
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Zillow sends a cease and desist letter to the owner of a parody blog; McMansion Hell (currently down) featured images from various real estate websites, accompanied by humorous commentary; site owner Kate Wagner says she previously obliged with takedown notices from photographers - Link
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Uber wins the right to appeal an earlier ruling upholding English language tests for London drivers; the firm previously claimed as many as 33k drivers could lose their license if they failed the exams - Link
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Our 2nd Annual Angel Summit is taking place in Napa on July 12-14. The event features 50 early-stage investors (angels, syndicates and venture funds) sharing best practices and deal flow, as well as taking part in some wildly fun networking events including target shooting, petanque, cooking classes, wine tastings, late-night poker and hiking.
Each investor can bring one founder starting Thursday night (for poker) and all day Friday.
Also, we have a select number of partnership opportunities including hosting a dinner, wine tasting and the like. Email part...@launch.co
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