Citymapper announces subscription service for multiple transportation methods

Citymapper is becoming a fintech startup, sort of. The company announced a prepaid card called Citymapper Pass for users based in London. This new product is both a subscription service to aggregate all your transportation subscriptions and a plastic card to pay for your rides. According to Wired, Citymapper will start with two weekly subscription…

Made.com founder Ning Li launches cosmetics startup Typology

Meet Typology, a new Paris-based startup that designs and sells directly to consumer quality skincare and cosmetics products. The startup has been founded by Made.com co-founder Ning Li and is officially launching today. “Typology is a relatively ambitious project. We want to challenge FMCG [fast-moving consumer goods] brands with a digital pure player,” Ning Li…

Menlo Ventures just raised a new $500 million fund to invest in Series B and C rounds

Menlo Ventures, the 43-year-old venture firm with offices in Menlo Park and San Francisco, is currently investing a $450 million fund to invest primarily in early-stage consumer, enterprise and frontier technologies that it closed in 2017. Now, it has a $500 million later-stage fund, too, the firm is announcing this morning. Dubbed by its “inflection” fund,…

MLG cofounder Mike Sepso joins 100 Thieves board of directors

Mike Sepso has joined the board of directors for 100 Thieves, an esports and content creation brand. Sepso cofounded Major League Gaming in 2002, bringing the first true semblance of infrastructure to competitive gaming. MLG became the biggest independent esports league in the world, and played a big part in the evolution of esports as…

Arm expands its push into the cloud and edge with the Neoverse N1 and E1

For the longest time, Arm was basically synonymous with chip designs for smartphones and very low-end devices. But more recently, the company launched solutions for laptops, cars, high-powered IoT devices and even servers. Today, ahead of MWC 2019, the company is officially launching two new products for cloud and edge applications, the Neoverse N1 and E1….

Xiaomi’s Mi 9 includes a triple lens rear camera and wireless charging

Mobile World Congress, the mobile industry’s annual shindig, is next week but Xiaomi can’t wait reveal its newest top-end phone. The Chinese company instead picked today to unveil the Mi 9. Once again Xiaomi’s design ethic closely resembles Apple’s iPhone with a minimal bezel and notch-like front-facing camera but Xiaomi has gone hard on photography…

Selfie app maker Meitu eyes overseas gaming market with $340 million deal

China’s largest selfie app maker Meitu has been busy working to diversify itself beyond the beauty arena in China. On Wednesday, the Hong Kong-listed company announced in a filing that it has agreed to pay about HK$2.7 billion ($340 million) for a 31 percent stake in game publishing company Dreamscape Horizon. Dreamscape Horizon, a subsidiary of…

Why Daimler moved its big data platform to the cloud

Like virtually every big enterprise company, a few years ago, the German auto giant Daimler decided to invest in its own on-premises data centers. And while those aren’t going away anytime soon, the company today announced that it has successfully moved its on-premises big data platform to Microsoft’s Azure cloud. This new platform, which the…

Resooma launches Resooma Bills to help ‘generation rent’ manage household expenditure

Resooma, the U.K. accommodation booking platform, is entering the fintech and utilities space with the launch of Resooma Bills, a new product to help “gen rent” manage household expenditure. The Cardiff, Wales-based company’s core offering is an accommodation marketplace primarily targeting students and other renters aged 18-30. Previously trading under the brand name of University…

German insurance giant Allianz increases its VC fund to $1.1 billion

Allianz X, the venture capital arm attached to German insurance giant Allianz, has increased the size of its fund to €1 billion, around $1.1 billion, according to an announcement made today. The fund was initially €430 million, or around $490 million, when it launched in 2016. This new injection comes directly from parent Allianz SE, the 124-year-old…