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Paul Sawers

Paul Sawers
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Challenger search engine Neeva is no more, in its current guise at least, as the Mountain View, California-based company revealed that it’s winding down its consumer business. Founders Sridhar Ramaswamy and Vivek Raghunathan wrote in a blog post yesterday that they had faced significant challenges attracting new users which, combined...
Venture capital (VC) firm Lifeline Ventures today announced a fresh €150 million ($163 million) fund aimed at early-stage startups across Finland. Founded in 2009, Helsinki-based Lifeline Ventures has invested in around 115 companies to date, with more than a dozen exits to its name including activity-tracking app Moves, which...
Smart, a London-based startup that helps employers and their employees manage and monitor their pensions, said that it has closed $95 million in Series E funding. It plans to use the capital to expand its international footprint and make acquisitions, it said. Aquiline Capital Partners, a new backer, led...
The U.K.’s Competition and Markets Authority (CMA) has officially greenlighted the proposed $7.3 billion merger between Viasat and Inmarsat. London-based Inmarsat and its U.S. rival Viasat offer various satellite services including in-flight Wi-Fi to commercial airlines. Today’s news comes some two months after the CMA revealed that it was likely...
Despite the investor caution narrative permeating the startup world throughout the economic downturn, certain startup-types have been a little more impervious to market conditions. The global supply chain was one of the major industrial casualties of the pandemic, so it perhaps goes without saying that companies tackling issues...
The U.K.’s competition authority is adding Adobe’s proposed $20 billion bid for digital design rival Figma to its ever-growing to-do list. The Competition and Markets Authority (CMA) confirmed today that it’s launching an initial “phase 1” merger inquiry, with the relevant stakeholders given a two-week period to provide comment. Adobe...
Citymapper is lowering the paywall around its premium features and introducing a new subscription plan purely for removing ads. The move comes less than two months after the popular transit and travel planning app was scooped up by mobility tech company Via. London-based Citymapper, which gives city-dwellers real-time transport and...
The U.K.’s Competition and Markets Authority (CMA) has confirmed that it intends to block Microsoft’s megabucks Activision acquisition, concluding that such a merger would create “…the most powerfuloperator” in the cloud gaming market. The CMA noted that with a current share of 60-70%, acquiring Activision’s portfolio of games would...
Lookout’s long-running transition to becoming an enterprise security company is all but complete, revealing today that it’s selling its consumer mobile security business to Finland’s F-Secure. Terms of the deal were not disclosed. Founded out of Boston in 2009, Lookout originally started out as a consumer-focused smartphone security and...
U.K.-based stock-trading startup Lightyear is finally expanding to the web, nearly two years after the company first emerged out of stealth. Founded out of London in 2020, Lightyear is one of a number of fintechs that promise an easy conduit for the general public to invest their money in...