The gist: A former partner at London VC firm Phoenix Court, who bet on fintech giant Wise and insurance unicorn Marshmallow, has launched her debut solo fund, a $17m fund looking to unearth Europe’s next AI suc...
The gist: European early-stage VC firm Creandum, which has backed the likes of Lovable, Klarna and Black Forest Labs, today said it had closed its largest ever fund, a $750m fund. The new $750m fund, Fund VIII,...
The gist: A British-German defence startup developing hypersonic long-range missiles which travel at more than five times the speed of sound has raised €100m in funding, it said today.Hypersonica has raised the...
The gist: “I will never forget it," says the long-standing CEO and co-founder of UK small business lender Iwoca, describing his meeting with one of the high priests of the European venture capital world. Christ...
The gist: A former UK government minister has launched an AI insurance startup, his co-founder has confirmed, which has reportedly raised nearly £5m in seed funding.Bim Afolami, who served as the UK’s economic ...
The gist: The UK chancellor today unveiled a raft of measures to encourage entrepreneurs to build in Britain, including a “Founders’ Relief” for entrepreneurs, measures to encourage female founders, as well as ...
The gist: A London robotics startup co-founded by a robotics professor and his student, which is building an AI model which claims to have discovered a new, quick way of teaching robots physical jobs, has raise...
The gist: A London-based startup aiming to make business data accessible to more employees through AI has raised $5m in funding as it launches in the market. Querio has raised the funding from investors includi...
The gist: Anthropic today offered hope to European AI application layer startups, saying that its primary focus was on being a foundation AI model company, and that it may compete with application startups “fro...
The gist: A Swedish startup backed by General Catalyst and Lovable and Hugging Face founders is today bringing its AI browser with baked in AI assistants out of beta as it positions itself as an enterprise alte...
The gist: European companies have been called on to play a more active role in developing open source technology to help sovereignty flourish. This was one of the key themes emerging from the Open Source Summit...
The gist: An Anglo-Finnish University of Oxford quantum spinout has raised €12m in a funding round, it said today, as investment in the quantum sector continues to heat up.The funding round in QuantrolOx was le...
The gist: Swiss robotics startup Enact Intelligence has today emerged out of stealth, with a $30m pre-seed round and backing from two heavyweights from the French AI ecosystem, Mistral boss Arthur Mensch and Me...
The gist: Swedish legal AI outfit Legora today said it has raised $550 million at an $8.8bn valuation, just six months after completing its last funding round.The Series E funding round was led by Boston-based ...
The gist: French enterprise software startup Pigment has raised $250m at a $2.3bn valuation, it said today, in a funding round led by the EU's new €5bn ($5.6bn) investment fund aimed at scaling up future Europe...
The gist: Nvidia is investing in four German startups, it said yesterday, as part of a multi-billion-dollar investment across Europe, as the chip maker’s charm offensive across the continent continues.The US ch...
The gist: A London-based AI company co-founded by a former Google DeepMind research lead and AlphaGo co-creator is launching today, pursuing a “compute-efficient” alternative path to Anthropic and OpenAI’s fron...
The gist: Barcelona-based Enzo Ventures has closed its second fund, a €20m fund which is backing Southern European founders at the pre-seed stage.Fund II follows Enzo’s strategy it began in 2023, when it invest...
The gist: One of the co-founders of a Ghent-based AI startup which is being acquired by sofware giant SAP in a deal valued at hundreds of millions of dolllars has stressed the importance of the city’s flywheel ...
The gist: A UK fintech using AI to help startups better manage revenue has been sold to US software giant Intuit, in what is reported to be one of the largest exits by a UK AI startup with a female co-founder.I...
The gist: European AI infrastructure company Nebius says it has struck deals with a number of early-stage UK AI labs as it looks to accelerate its compute and infrastructure offering in the UK.Nebius, which is ...
The gist: The British Business Bank has today announced it is investing £180m across six AI and deeptech VC funds, as investors continue to pile into the two hot sectors.The state-owned investor is investing £3...
The gist: Nvidia is planning new investments in five UK startups, its boss said last night, as it continues to spread its reach across the startup ecosystem.At an event last night in London, Nvidia CEO Jensen H...
The gist: The UK government’s £500m VC fund today said it was investing in a British startup which leverages AI technology to update Britain's surveillance network. The Sovereign AI Fund is investing in Augur, ...
The gist: Google DeepMind and Alphabet’s cloud service, Google Cloud, will provide up to 200 top European scientific researchers with direct access to its frontier models, together with $3 million in compute cr...
The gist: Nvidia is investing in four French startups, as well as making a $250m compute donation to UK AI safety and research, as it looks to underscore its commitment to the European tech ecosystem. Nvidia is...
The gist: Spanish fintech ID Finance has raised €545 million in debt and equity, it said today, as it looks to make its consumer fintech app Plazo Spain’s “go-to” credit platform.Barcelona-headquartered ID Fina...
The gist: A Cambridge-founded startup that leverages AI to help cities manage roads and public transport more efficiently has raised £2.7m in seed funding, it said today.Alchera Technologies has raised the fund...
The gist: The UK AI minister today called on frontier AI labs to ramp up the safety of their leading AI systems, as the UK announced it was strengthening its cyber defences, including potential new legislation,...
The gist: The UK prime minister today confirmed that the UK plans to ban non-compete clauses in workers' employment contracts, marking a boon for the UK startup sector.Speaking at the Innovation Nation Summit i...
