Tokamak Energy gets US, UK backing for $52M fusion reactor upgrade
Just two weeks since raising $125mn in funding, British scaleup Tokamak Energy has secured backing from the US and UK to upgrade its ST40 fusion energy plant. The US Department…
Aachen spinout FibreCoat secures €20mn to bring super-fibres to spacecraft
German startup FibreCoat has bagged €20mn in Series B funding as it looks to bring its super-resistant materials to the burgeoning space industry. FibreCoat spunout from RWTH Aachen University in…
Spanish startup edges closer to Europe’s first private orbital rocket launch
PLD Space has secured an €11mn loan to help fund the development of a liftoff site for its partially reusable Miura 5 rocket, which is set to become Europe’s first…
Nvidia, Accel back Netherlands-based AI firm Nebius in $700M deal
Amsterdam-headquartered Nebius, which builds full-stack AI infrastructure for tech firms, has secured $700mn in a private equity deal led by Nvidia, Accel, and asset manager Orbis. The funding comes in…
Fuelled by €24M, UK startup gears up to put more thermal satellites in orbit
British startup SatVu has secured £20mn (€24mn) to fuel the development of its hyper-accurate thermal imaging satellites that act like a thermometer for the whole planet. The cash injection includes…
Cambridge spinout Molyon bets on lithium-sulfur in race for better batteries
Lithium-ion batteries have served us well, powering much of the modern world. However, today’s tech — everything from drones and EVs to the wretched Tesla cyber truck — demands denser…
Air taxi startup Vertical Aerospace extends runway with $50mn lifeline
Vertical Aerospace has been thrown a crucial lifeline, staving off potential bankruptcy at the cash-strapped air taxi startup. The UK-based company — which makes electric vertical take-off and landing (eVTOL)…
Swiss startup turning rainy days into refunds launches first product
Zurich-based startup Poncho has officially launched its weather insurance platform — and bagged some fresh funding to boot. Founded in 2023, the company aims to transform how the travel and…
UK hospitality startup Lighthouse enters unicorn club with $370M raise
London-based startup Lighthouse just raised a hefty $370mn from American investment giant KKR at a valuation of over $1bn, making it Europe’s latest unicorn tech company. The funding will supercharge…
Candela brings electric flying ferry to US shores after $40M raise
Candela is flying high — and across the Atlantic. The Swedish startup has secured $14mn, marking the close of its Series C round at a cosy $40mn. This puts its…
Tokamak Energy secures $125M to commercialise fusion power
British scaleup Tokamak Energy has secured $125mn as it looks to harness fusion — the same clean, virtually limitless energy source that powers the Sun and stars. Tokamak spun out…
UK startup taps last-mile delivery algorithms to bring a nurse to you
Two years ago, the minds behind Testing for All — a Covid-era at-home testing service — launched a new startup. But instead of those dreaded antigen tests that make you…