Balderton Capital announces $1.3B fund for European tech
Balderton Capital today announced the closing of its $1.3bn early stage and growth funds in a sign of the European tech sector regaining investor confidence and momentum. We are often…
Paris Olympics air taxi flights scrapped over certification delays
Volocopter won’t be operating an air taxi service at the Paris Olympics after all, following a delay in the certification of its aircraft’s engine, AFP reports. The setback deals a…
Delft startup bags €6.5M for nanotech that enables material discovery in 1 year
Delft-based VSParticle has raised €6.5mn to accelerate material discovery for industrial solutions, such as the production of green hydrogen. Discovering new materials in the lab typically takes years, often close to…
Depop and Selfridges are stitching AI analytics into second-hand fashion
Depop and Selfridges are sewing an AI thread into their clothes. The fashion retailers have enlisted British startup Kelp Technologies to analyse market trends and prices of second-hand apparel. Kelp —…
‘Switzerland of quantum computing’ raises $75M for error-correction chip
UK-based Riverlane announced today it has secured $75mn in Series C funding to meet “surging global demand” for quantum error correction — and propel it on its path toward 1…
UK chip incubator startups secure over £10M in funding
Twelve semiconductor startups taking part in the UK’s ChipStart scheme have raised over £10mn in funding from private investors and grants, the British government announced today. Launched in October 2023,…
UK startup automates shared ownership process to tackle housing crisis
London-based Stairpay has raised £750k in Pre-Seed funding to help first-time home buyers navigate the shared ownership process — and ultimately move to full ownership. For individuals facing challenges entering…
Addionics secures $39M for 3D ‘current collectors’ that boost EV range, charging
London-based Addionics has raised $39mn in funding as it eyes commercialisation of its 3D ‘current collectors’ that can boost the performance of any battery, regardless of its chemistry. The venture…
Revolut wins UK banking license as neobanks take on the establishment
Revolut has finally won a UK banking licence, intensifying the neobank threat to traditional finance. The breakthrough ends a painful wait for Europe’s most valuable fintech firm, which first applied…
UK backs ‘space mirror’ to melt ice on the Moon into drinking water
The UK hopes to produce water on the Moon with a space mirror that reflects solar rays onto lunar ice. The device is the brainchild of the British Interplanetary Society…
Dutch founder raises $1M for app he built for his deaf parents
Growing up, Jari Hazelebach was a full-time interpreter. Both of his parents are deaf, and from a young age he helped them communicate in a world largely oblivious to the…
Samsung buys UK startup Oxford Semantic to boost ‘personalised AI experiences’
Samsung has snapped up UK startup Oxford Semantic Technologies, in a bid to “hyper-personalise” user experiences with AI. Founded in 2017, Oxford Semantic specialises in knowledge graphs, which integrate and analyse…
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