UK startup Pact opens factory to grow skin-like leather alternative
UK startup Pact has raised £9mn in funding and opened a new factory to scale up the “world’s first” sustainable and scalable biomaterial made from collagen — the primary building…
Dutch hotel tech unicorn Mews bags $100M to fuel acquisition spree
Amsterdam-based scaleup Mews has bagged $100mn in credit financing as it looks to swallow up competitors and become a market leader in SaaS software for the hospitality industry. Vista Credit…
VC investment in European defence tech to hit record $1B in 2024, report finds
Following a five-fold growth since 2018, VC investment in Europe’s defence tech is set to hit a record year in 2024, as it’s on course to reach $1bn. According to…
Nebius launches AI data centre in Paris as part of $1B European investment plan
Nebius today announced the launch of a new data centre in Paris — among the first in Europe to offer NVIDIA’s H200 Tensor Core GPUs. The company, which is the…
ESA’s new ‘Moon on Earth’ can launch a ‘European renaissance’ in spacetech
A new recreation of the Moon on Earth has sparked hopes of a “European renaissance” in space. Known as LUNA, the futuristic facility was inaugurated today in Cologne, Germany. The…
Dutch neobank bunq launches stock trading ‘tailored to digital nomads’
Bunq has become the latest fintech to enter the crowded European stock trading market. The Amsterdam-based neobank yesterday announced its new Stocks product, which it claims is “tailored to digital…
How to tap into Dubai’s growing startup ecosystem: tips for European founders
The United Arab Emirates, and Dubai in particular, has long been the gateway to the Middle East for international businesses. The Emirate is first in the world in terms of…
New UK startup raises $12M for personal AI agents with long-term memory
London-based Convergence has raised $12mn in pre-seed funding to further develop its personal AI agents, which can learn using long-term memory much like humans do. Behind the startup are machine…
London, Paris, Amsterdam are the leading VC ecosystems in Europe, report finds
London, Paris, Amsterdam, and Berlin are the leading VC ecosystems in Europe, but the region is significantly lagging behind the US and Asia. That’s according to the latest report by…
‘World’s first’ fully autonomous underwater robot is piloted by AI
UK-based scaleup Beam, born from the recent merger of offshore tech companies Rovco and Vaarst, has launched the “world’s first” autonomous underwater vehicle (AUV) driven by AI. The mini-sub…
UK biotech startup raises $100M for next-gen vaccines for respiratory viruses
The vaccine market might be a crowded one, but London-based Vicebio aspires to cement its own place within it. The startup announced today it has raised $100mn in Series B…
Milan startup opens world-first production facility for glass-based quantum photonic chips
NATO-backed Ephos announced today the opening of a production facility dedicated to glass-based quantum photonic chips — a world first, according to the startup. These chips can power quantum applications…
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