Category: czech republic

Cybersecurity giants NortonLifeLock and Avast merge in $8.1B deal

US cybersecurity firm NortonLifeLock has confirmed it is acquiring British rival Avast in order to create a global consumer security powerhouse. The agreement, which comes just weeks after both companies confirmed they were in advanced discussions regarding a possible combination of the two brands, will see Avast stockholders receive cash and shares…

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Rohlik raises $119M at a $1.2B valuation to grow its 2-hour grocery delivery service in Europe

“Instant” grocery delivery has been a big theme among food startups in Europe, where customers can order from a limited assortment of items and get their purchases packed from “dark stores” and delivered in sometimes as little as 10 or 15 minutes. But today a startup that’s built a much…

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8 Czech VCs on green shoots, pandemic impacts and 2021 opportunities

While London, Paris, Berlin and Stockholm feature regularly in tech coverage, the rest of Europe has been busy. The Czech Republic may be better known for beer, hockey and the sights of Prague, but its entrepreneurial community is as ambitious as any. Pipedrive is an EU-based CRM company with offices…

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Rocket Lab completes its first rocket launch of 2021 and 18th mission overall

Rocket Lab has launched its 18th mission, and the first of 2021, as of 8:26 PM NZT (2:30 AM EST). The ‘Another One Leaves The Crust’ mission took off from Rocket Lab’s Launch Complex 1 on the Mahia Peninsula in New Zealand, and flew a single communications microsatellite on behalf…

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LAUNCHub Ventures heading towards a $85M fund for South Eastern European startups

LAUNCHub Ventures, an early-stage European VC which concentrates mainly on Central Eastern (CEE) and South-Eastern Europe (SEE), has completed the first closing of its new fund at €44 million ($53.5M), with an aspiration to reach a target size of €70 million. A final close is expected by Q2 2021. Its…

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The EU is testing cross-border COVID-19 contact tracing

Several European Union countries are testing a system that enables their COVID-19 contact tracing apps to work across borders. The apps for the Czech Republic, Denmark, Germany, Ireland, Italy and Latvia will exchange information during the trial. Th… Source

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