Payments startup SumUp bags €285M amid fintech funding plunge
2023 has been a tough funding year for European fintech startups, with raised capital dropping 70% drop in H1 compared to the same period in 2022. But against this backdrop,…
Mistral AI nears $2B valuation — less than 12 months after founding
European contributions might have been a little late to join the generative AI investment party, but that does not mean they will not end up rivalling some of the earlier…
Climate tech gets 70% of ‘built world’ VC investment, report finds
We have all seen the gloomy headlines over the past week. VC funding for European tech startups will have dropped by a whopping $45bn in 2023. However, some sectors, such…
Europe has more AI talent than US, study finds
European tech is starting to bounce back — and AI is turbocharging the recovery. The continent is now home to more highly skilled professionals in the field than the US,…
European VC ecosystem heavily biased against female founders
Among the barriers European tech has to overcome, gender diversity is undoubtedly a pressing one. The numbers are telling. So far in 2023, female-founded startups have raised less than 2%…
Want engineering superpowers? This GenAI startup is here to help
Say the application that has not been attributed to generative AI by now. Anything from your virtual boyfriend/girlfriend to vaccines and the energy transition will apparently be solved by the…
When it comes to startups, little Luxembourg packs a big punch
Sandwiched between Germany, France, and Belgium, the tiny country of Luxembourg is one of Europe’s smallest, but also its wealthiest — its residents enjoy the second-highest per capita income in…
UK’s quantum plans could ‘unlock billions — and a geopolitical advantage’
The UK’s new quantum computing missions have been praised as “visionary” and “exciting” plans that can reap financial and geopolitical benefits. The five long-term moonshots were launched today by the…
These AI agents could cut your workweek to just 3 days
Most of us would love a break from the 9-to-5 grind, evidenced by the recent hype over the four-day workweek. But a new startup from the UK promises to help…
Finnish startup races to map spread of ‘silent pandemic’ killing millions each year
Antimicrobial resistance (AMR) was directly responsible for over 1 million fatalities in 2019, and the death toll keeps rising. It occurs when bacteria become resilient to antibiotics, making infections more…
Norway’s Otovo bags €40M to grow rent-to-own solar marketplace
Norway-headquartered Otovo has secured €40mn to expand its rent-to-buy online marketplace for solar panels, as it seeks to cash in on booming demand from homeowners looking to slash their energy…
World’s biggest tidal energy ‘kite’ could single-handedly power a small town
People have been harnessing tidal energy for milling grain for more than 1,000 years. As you’d imagine though, today’s contraptions for tapping this 24/7 power source are a little more…
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