Apple has reportedly relocated its international tax residency to Jersey

 Last year, the EU ordered Apple to pay up to $14.5 billion for illegal tax benefits in Ireland. The company smelled something fishy when Commissioner Margrethe Vestager started the investigation in 2014, as the International Consortium of Investigative Journalists revealed in the Paradise Papers. Apple relocated its tax residency to the tiny island of Jersey. Read More

Photoslurp bags $870k for its ‘shop the look’ UGC marketing platform

 Bootstrapping Barcelona-based visual commerce startup Photoslurp has taken its first external funding: Announcing €750,000 (~$870k) in pre-Series A financing, led by Spanish VC Inveready Technology Investment Group, with participation from Bankinter VC, Caixa Capital Risc and ICF. Read More

Meet TechCrunch’s Mike Butcher at Web Summit on Tuesday

 Two Minute Techcrunch! Since it’s impossible, as a journalist, to crawl around all the stands at Web Summit, I thought it would be easier to sit in one place and meet people there! Thus, you will get the chance to meet me (Mike Butcher) and pitch me your company for 2 MINUTES at Web Summit on Tuesday. Details of where and when will be sent by email. Right now, it will probably be… Read More

Open source database startup MariaDB confirms $27M investment led by Alibaba

 Open source database startup MariaDB has announced a new $27 million round of funding led by Alibaba, confirming the news that TechCrunch reported in September. As we wrote then, Alibaba contributed the majority of the round, supplying €20 million of the total €22.9 million raised. A range of existing investors added that extra bit and they were confirmed to include Intel Capital… 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

“Self-regulating” nanoparticles can burn cancer without harming healthy cells

 Researchers at the University of Surrey and Dalian University of Technology in China have created a form of nanoparticle that can heat up and kill cancerous cells and then self-regulate to avoid burning healthy cells. The particles can raise their temperature between 42°C to 45°C, hot enough to kill cancer cells. Once they reach a set temperature they back off, ensuring that healthy cells… Read More

TechHub’s new NYC site brings London startups Revolut, Aire, Cronofy, Callsign

 Co-working and startup office leviathan WeWork continues to expand in London. It’s latest accounts show that it has £2 billion of lease commitments in the UK (25 offices in London and two in Manchester) over the next 25 years, indicating it is upbeat about the prospects of the city post-Brexit. However, rival office space provider Regus is less bullish, issuing a property warning… Read More

Shift Technology raises another $28 million to prevent fraudulent insurance claims

 Shift Technology is raising a Series B round of $28 million from Accel and General Catalyst. Accel had already led the company’s previous round. Existing investors Elaia Partners and Iris Capital are also participating in today’s round. And it seems like the startup has grown quite a lot since my last article. Shift Technology has now processed more than 100 million claims and… Read More