Mike Butcher

Former Autonomy chief executive Mike Lynch issued a statement Thursday following his acquittal of criminal charges, ending a 13-year legal battle with Hewlett-Packard that became one of Silicon Valley’s biggest fraud cases. He was accused of falsely inflating revenues at the UK startup ahead of Autonomy’s $11 billion sale to HP in 2011. Commenting on the acquittal, Lynch (pictured above, left, when he appeared at TechCrunch Disrupt) said in his statement: “I am elated with

Midas, a fintech startup that allows people in Turkey to invest in U.S. and Turkish equities, says it has raised $45 million in a funding round led by Portage of Canada. The startup is aimed at Turkey’s retail investor market and claims to have more than 2 million users. Its pitch is that it charges significantly lower transaction and commission fees for Turkish customers who want to invest in U.S. or Turkish stocks. It also

It’s easy to assume the e-commerce ship has sailed when you consider we have giant platforms like Shopify, WooCommerce and Wix dominating the sector. But e-commerce’s field remains vast and fertile, since so many smaller businesses continue foraying into the internet in the wake of the pandemic. Further evidence of this has surfaced in the form of one of the largest fundraises by a startup in Turkey, given that the average Series A usually comes

We last checked in on Zaver, a Swedish B2C buy-now-pay-later (BNPL) provider in Europe, when it raised a $5 million funding round in 2021. The company has now closed a $10 million extension to its Series A funding round, bringing its total Series A to $20 million. Total investment to date stands at $30 million. In Europe, Zaver competes on BNPL with Klarna, PayPal, and incumbents such as Santander and BNP Paribas. However, Zaver’s schtick

After a three-year fund-raise, World Fund has finally closed a €300 million first fund, €50 million short of it’s target in 2021, but still a considerable number given a background of war and economic uncertainty. The VC originally emerged from the founders of the Ecosia independent search engine, where search enquiries funded the planting of trees. If you’re looking for comparisons, Norrsken VC is a $130 million impact VC that covers climate, while Demeter Partners