Category: business

Finance, startups, productivity

  • Inside Lithuania’s effort to build founders from the classroom

    Across Europe, education systems are under pressure to keep pace with rapid technological change. Countries are experimenting with new approaches, with Estonia introducing artificial intelligence into classrooms, while Lithuania is placing students directly into startup environments. At the centre of this shift is MVP (Moksleivių vienaragių paieška, or “Student Unicorn Hunt”), a prime-time national TV read more

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    Inside Lithuania’s effort to build founders from the classroom

  • Edmund secures €2.5M to bring AI-driven troubleshooting to the factory floor

    Edmund, a Czech startup developing an AI-powered debugging platform for industrial maintenance, has raised €2.5 million in funding led by FORWARD.one, with participation from University2Ventures and Tensor Ventures. Check out an earlier Tech.eu interview with Jakub Szlaur, CEO and founder of Edmund. Manufacturing is entering a period of structural strain. As production systems become more read more

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    Edmund secures €2.5M to bring AI-driven troubleshooting to the factory floor

  • Qoro closes $750K to bridge quantum and classical computing

    London-based Qoro Quantum has secured $750,000 in a pre-seed funding round to develop software infrastructure for hybrid quantum-classical computing. The round includes backing from Ada Ventures, Superangels Venture Fund, and the Polsky Center for Entrepreneurship and Innovation. Founded in 2024, Qoro Quantum is a deeptech company building software infrastructure for distributed quantum computing. Its platform read more

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    Qoro closes 0K to bridge quantum and classical computing

  • OpenAI hits pause on flagship UK data centre scheme

    OpenAI’s plans to bring its flagship $500bn AI data centre project to the UK have been put on hold, with the ChatGPT developer citing energy costs and regulatory issues as factors which have halted its plans. OpenAI announced plans to bring its giant Stargate AI project to the UK in September last year, marking what read more

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    OpenAI hits pause on flagship UK data centre scheme

  • TeiaCare raises €7M to accelerate growth and internationalisation

    Italian-based TeiaCare has raised €7 million in a funding round led by P101 SGR. The round also included participation from existing shareholders and new healthcare-focused investors, including Spanish family offices Namarel and Inderhabs. Founded in 2018 by Guido Magrin and Luca Iozzia, TeiaCare develops care-monitoring solutions for residential healthcare facilities such as nursing homes, rehabilitation read more

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    TeiaCare raises €7M to accelerate growth and internationalisation

  • Sybol raises €1M+ to advance its corporate digital identity wallet

    Spanish startup Sybol, which focuses on corporate digital identity and verifiable credentials, has raised over €1 million in a funding round that combines public and private investment. The round is backed by the Spanish Society for Technological Transformation (SETT), alongside investors including Repsol, Grupo Synaptia, Bolboreta Innova Group, Tritemius, Venturade, and Chromata Invest. The company read more

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    Sybol raises €1M+ to advance its corporate digital identity wallet

  • Vinted’s revenues top €1BN but profits slide

    Vinted, the second-hand marketplace unicorn, today said its revenues topped€1bn last year, but profits dipped nearly 20 per cent, as it took a financial hit from its investments. Financial figures for Vinted Group, which includes its coresecond-hand marketplace Vinted, shipping service Vinted Go, and Vinted Pay, its payment platform, show revenues came in at €1.1bn read more

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    Vinted’s revenues top €1BN but profits slide

  • Plume raises €3.3M to cut years from renewable energy development timelines

    Plume, a Franco-American startup specialising in geospatial AI for renewable energies, has raised a €3.3M funding round led by AENU, with participation from Y Combinator, Kima Ventures, Raise Phiture, Better Angle and Collab Fund. Founded by Edouard Labarthe (ex-Palantir) and Marc Watine (ex-Harvard researcher in geospatial and AI), the startup was incubated by Y Combinator- read more

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    Plume raises €3.3M to cut years from renewable energy development timelines

  • Revolut rolls out first AI assistant to UK customers


    Revolut is today rolling out its first AI-powered financial assistant to its 13 million-plus UK customers, claiming it is more sophisticated than a traditional chatbot, saying it represents afundamental shift in how customers can interact with their finances. Revolut, valued at $75bn, is the latest challenger bank to leverage AI, hoping to simplify the financial read more

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    Revolut rolls out first AI assistant to UK customers


  • Verne launches Europe’s first commercial robotaxi service in Zagreb

    Verne today announced the launch of Europe’s first commercial robotaxi service, starting in Zagreb, Croatia. Beginning today, members of the public can now book and pay for a Pony.ai-powered autonomous ride through the Verne app. The service will soon also be available through the Uber app, following a recently announced strategic partnership between the three read more

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    Verne launches Europe’s first commercial robotaxi service in Zagreb

  • OpenAI and Spotify leaders back London-based AI agent security startup in $13M seed round

    A London-based startup which helps mitigate risks and vulnerabilities of businessesdeployingso-called AI agents or AI tools that can complete specific tasks has emerged from stealth with a $13mseed round. The funding round in Trent AI was ledby LocalGlobe and Cambridge Innovation Capital, with participation from leaders at OpenAI, Spotify, Databricks, and Amazon Web Services. The read more

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    OpenAI and Spotify leaders back London-based AI agent security startup in M seed round

  • WholeSum tops up Pre-Seed with $335K to fix AI’s trust problem in text analytics

    UK-based analytics startup WholeSum has brought its total Pre-Seed funding to $1.3 million, with an additional $335,000 new investment from Love Ventures, Beamline, and strategic angels, following its initial $965k raise led by Twin Path Ventures announced earlier this year. The round comes amid growing demand from enterprises in high-trust sectors, where organisations are increasingly read more

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    WholeSum tops up Pre-Seed with 5K to fix AI’s trust problem in text analytics

  • Xoople raises $130M Series B to build Earth’s system of record

    Xoople, the data infrastructure company building a global system of record for physical change on Earth, has closed a $130 million Series B round. The round included investors such as Nazca Capital, MCH, CDTI (Government of Spain), Buenavista Equity Partners, and Endeavor Catalyst, bringing the company’s total funding to $225 million. Founded in 2019, Xoople read more

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    Xoople raises 0M Series B to build Earth’s system of record

  • nFuse raises $2M as messaging overtakes B2B ordering apps

    nFuse, an AI-powered B2B ordering platform that enables retailers and HoReCa operators to place orders through WhatsApp, Viber, and SMS using text, voice, or images, has raised $2 million in funding from Eleven Ventures and LAUNCHub. For the past decade, every major FMCG company has had the same idea: build a B2B eCommerce platform, get read more

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    nFuse raises M as messaging overtakes B2B ordering apps

  • Wearable Robotics closes €5M Series A to scale development

    Wearable Robotics, an Italy-based company developing wearable robotics for neuromotor rehabilitation, has raised €5 million in a Series A funding round to support international expansion and product development.The round was led by CDP Venture Capital, with participation from MITO Technology, LIFTT, SIMEST, RoboIT, and Toscana Next, a co-investment fund managed by CDP Venture Capital. The read more

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    Wearable Robotics closes €5M Series A to scale development

  • Omniscient raises $4.1M to strengthen data-driven executive decision-making

    Paris-based Omniscient, a decision intelligence platform for boards and senior executives, has raised $4.1 million in pre-seed funding. The round was led by Seedcamp, with participation from Drysdale, Plug and Play, MS&AD, Raise, Anamcara, and xdeck, alongside support from Bpifrance. As corporate reputation continues to represent a significant share of enterprise value, organisations face growing read more

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    Omniscient raises .1M to strengthen data-driven executive decision-making

  • Generare secures €20M to scale molecular discovery platform

    Generare, a Paris-based biotechnology company focused on generating molecular data for drug development, has raised €20 million in a Series A funding round. The round was co-led by Alven and Daphni, with participation from existing investors including Galion.exe, Teampact Ventures, and VIVES Partners. Drug discovery has historically been constrained to a relatively narrow chemical space, read more

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    Generare secures €20M to scale molecular discovery platform

  • Covalo lands €3.5M funding extension to advance personal care data platform

    Covalo, a Switzerland-based platform for ingredient discovery and data management in the personal care industry, has raised €3.5 million in a funding extension. The round was led by Hi Inov, with participation from existing investors HTGF and seed+speed Ventures. The company addresses challenges in managing ingredient data, which is often fragmented across multiple systems, formats, read more

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    Covalo lands €3.5M funding extension to advance personal care data platform

  • UK government-backed fund aimed at backing female founders reaches £130m first close

    The flagship fund of a UK government-backed initiative addressing the shortage of equity capital for women in the UK who are building businesses has reached a £130m first close of the fund, it said today. The “Women Backing Women” fund is aiming to raise £250m in totalto invest in female fund managers to back female-led read more

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    UK government-backed fund aimed at backing female founders reaches £130m first close

  • New Belgian AI platform Backbone aims to cut costly quality failures in food production

    Former managers at Belgian legaltech scale-up Henchman are launching Backbone, an AI platform for real-time quality and compliance management in the food industry, with Seed funding from 100IN. Backbone consolidates fragmented data, from supplier documents to lab results, giving quality managers the tools to detect risks before they reach production. A recipe change at a read more

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    New Belgian AI platform Backbone aims to cut costly quality failures in food production