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French carpooling platform BlaBlaCar raises €101 million from SNCF, plans to buy SNCF-owned bus operator Ouibus

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BlaBlaCar, a French-founded carpooling platform, has announced its plans to move beyond ridesharing towards becoming a road travel platform. The company has offered to acquire the bus operator Ouibus from SNCF, the French national railway company. At the same time, BlaBlaCar announced a €101 million funding round from SNCF itself …

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Shell announces winners of 2018 New Energy Challenge

Editor’s note: This is a sponsored article, which means it’s independently edited by our editorial team but financially supported by another organisation, in this case, Shell. If you would like to learn more about sponsored posts on Tech.eu, read this and contact us if you’re interested in partnering with us. The global transition to a …

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UK-based festival ticket platform Festicket raises $10.5 million

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London-based festival ticketing portal Festicket has landed $10.5 million in a funding round led by Beringea, with participation from Jaguar Land Rover’s venture capital fund InMotion Ventures, Channel 4’s Commercial Growth Fund, Lepe Partners, U-Start and the former CEO of Spinnin’ Records Eelko Van Kooten. The company plans to use …

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Factory Berlin raises funding from the RAG-Stiftung

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Factory Berlin, a coworking space and community initiative in Berlin focused on design and entrepreneurship, has raised an undisclosed amount from the German-based foundation RAG-Stiftung. Officially opened in 2014, Factory has two locations in Berlin — in the neighbourhoods of Mitte and Görlitzer Park — with facilities including coworking and …

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German startup Siltectra sells to Infineon for €124 million

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German semiconductor manufacturer Infineon has acquired Dresden-based startup Siltectra for €124 million. Founded in 2010, Siltectra is an R&D-heavy startup that has developed the “cold split” technology that allows processing of crystal material efficiently and with minimal loss. Infineon will now use the technology “to split silicon carbide (SiC) wafers, thus …

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German online fashion startup Lesara files for insolvency

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Lesara, a well-funded Berlin-based startup that raised its last funding round of €30 million in July, filed for insolvency last week together with its logistics subsidiary. The company has attracted a total of €85 million, and currently employs more than 300 people in Berlin, Erfurt, and Guangzhou, China. According to …

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EIT Digital Challenge announces the 10 winning deep-tech scale-ups

Editor’s note: This is a sponsored article, which means it’s independently written by our editorial team but financially supported by another organisation, in this case, EIT Digital. If you would like to learn more about sponsored posts on Tech.eu, read this and contact us if you’re interested in partnering with us. EIT Digital Challenge, …

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Italian sports media group Deltatre buys London-based UX tech company Massive Interactive for up to $127 million

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Italy-headquartered Deltatre, a provider of sports media technology and services, has inked a deal to acquire London-based Massive Interactive, which sells a suite of software tools to develop and manage over-the-top (OTT) video user interfaces (source: FT). The deal is worth up to $127 million, with a combination of cash …

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