Fishbrain, the fishing app and social network, raises $13.5M Series B

 Fishbrain, the Sweden-made mobile app and social network for sport fishing, is disclosing $13.5 million in Series B funding. The round is led by B Capital Group, the VC fund founded by Facebook co-founder Eduardo Saverin, with participation from SoftBank Ventures Korea, and existing investors Northzone, and Industrifonden. Read More

More details of Blossom Capital emerge, a new fund co-founded by ex-Index VC Ophelia Brown

 It was well-known that ex-Index VC Ophelia Brown was ‘doing a fund of her own’ after she departed Robin and Saul Klein’s LocalGlobe in April, the London-based seed investment firm where she was a General Partner. However, it wasn’t until last month that Blossom Capital, as Brown’s new firm is called, broke cover. As reported by Business Insider, Brown has teamed… Read More

Online mortgage advisor Burrow pivots to B2B, cites unit economics issue

 Burrow, the U.K. startup founded by ex-VC Pradeep Raman and backed by Passion Capital, is shutting down its online mortgage brokerage service, TechCrunch has learned. The move is the result of a change in strategy as the nascent company pivots to a B2B model, offering software tools to lenders, mortgage networks and brokers. Read More

Penta, the German digital-only bank account for startups and SMEs, raises €2.2M seed

 Penta, the German ‘challenger’ bank that offers a digital bank account targeting SMEs, has raised €2.2 million in funding. The seed round is led by Inception Venture Capital, a new London-based VC firm with a heavy fintech focus, and will be used for further hiring, product development and to fuel growth. Read More