Instagram co-founder Kevin Systrom has backed the U.K. challenger bank Monzo

 Monzo, one of a number of “challenger” banks in the U.K. aiming to re-invent the current account, is assembling quite an array of backers, many with a U.S. bent. It’s most recent round, which gave the startup a £280 million post-money valuation, saw the likes of Goodwater Capital, Stripe, and Michael Moritz invest, and before that Thrive Capital became a backer. Now… Read More

Pact Coffee founder steps down from CEO role as London startup looks to B2B for growth

 Pact Coffee, the U.K. subscription service that delivers freshly roasted “specialty coffee” to your door, has seen a change of leadership as the company plans to focus more on the B2B side of its business. After 5 years running Pact, TechCrunch understands that founder Stephen Rapoport has stepped down from his role as CEO and instead will act as Chairman going forward.… Read More

Zego picks up £6M Series A led by Balderton for its gig economy worker insurance

 Zego, the London-based startup that appears to have spotted a gaping insurance hole in the so-called gig economy, has raised £6 million in Series A funding. The round was led by Balderton Capital, with participation from existing backers, including LocalGlobe and unnamed angel investors in the insurance sector. The company plans to use the new capital to increase engineering and other… Read More

TransferWise announces whopping $280M investment as early shareholders cash in

 TransferWise, the international money transfer company and one of Europe’s better-known unicorns, has announced $280 million in new investment today. The Series E round is led by asset management firm Old Mutual Global Investors, and Silicon Valley VC firm IVP, and I understand also includes some secondary share dealings, meaning that not all of the cash will register on its balance sheet. Read More

Winnow raises further $7.4M for its smart kitchen tech that reduces commercial food waste

 Winnow, the U.K. startup that has developed smart kitchen tech to help commercial kitchens reduce food waste, continues to be on a roll. It counts the likes of IKEA, Compass Group, and AccorHotels as customers, and estimates its 600-plus clients are saving 4,300 tonnes of food waste annually through the use of the Winnow system. Read More

European house removals platform Movinga raises up to another €22M

 Movinga, the European platform for house removals that was seemingly written off last year, continues to perform what appears to be an impressive turn around. The Berlin-headquartered startup has closed a new funding round of up to €22 million led by Santo Venture Capital, the venture arm of the Strüngmann family office, with participation from existing backers Earlybird Venture Capital… Read More