Category: business
Finance, startups, productivity
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TaxDown secures €4M from BBVA Spark to enhance its AI solution
Madrid-based TaxDown has secured €4 million in financing from BBVA Spark. The funding is supported by the European Union’s NextGenerationEU program and the European Investment Fund (EIF), with additional backing from Spain through the State Compartment of the InvestEU program. Founded in 2019 by Enrique García, Álvaro Falcones, and Joaquín Fernández, TaxDown is a fintech read more
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Revolut makes fresh bid for US banking licence
Revolut is making a fresh attempt to secure a US banking licence, it said today, as itscaled up its ambitions on the US market. Revolut, valued at $75bn, hailed the filingfor the US bank charter with theUS Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation as a “major milestone”. It comes read more
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Validio closes $30M Series A to address enterprise data quality challenges
Validio, an agentic enterprise data management platform, has raised $30 million in Series A funding led by Plural, with participation from existing investors and angels including Lakestar, J12 Ventures, Kevin Ryan, Denise Persson, and Emil Eifrem. The round brings the company’s total funding to $47 million. As organisations accelerate the adoption of AI, many initiatives read more
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Cheer Games closes $4.5M pre-seed round for mobile gaming platform
Cheer Games, a mobile puzzle game studio, has raised $4.5 million in a pre-seed funding round led by Makers Fund, with participation from Play Ventures and a group of angel investors. Founded by former senior leaders from AppLovin’s Lion Studios, Cheer Games was established by Emre Gercel (CEO), Berkay Ozturk (CPO), Ertan Ünver (CTO), and read more
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Wilbe opens White City lab in London to remove infrastructure bottlenecks for science startups
Wilbe, the venture fund and platform that trains and backs scientists to build companies from day one, today announces the launch of its first dedicated lab facility in White City, London. To date, Wilbe has trained more than 1,400 scientists, backed 22 companies, and helped create over $1.3 billion in value worldwide. However, through its read more
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China cuts growth target to between 4.5 and 5%
China has set a growth target for GDP this year of between 4.5 and 5 per cent, the lowest range in decades, and maintained a higher fiscal deficit as leaders warned of growing “difficulties and challenges” in the economy. Announcing national economic targets for 2026, China’s Premier Li Qiang also said on Thursday that defence read more
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From energy transition to deeptech growth: the Swedish tech ecosystem
In 2025, European tech investment reached €72 billion, making it the second-strongest year of the past three. Sweden raised €4.1 billion, ranking fifth among European countries by total funding. Investment in Sweden was concentrated in capital-intensive sectors, with a limited number of large transactions accounting for a significant share of total funding. Hardware and energy read more
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Wealthy Dubai residents race back to UAE to avoid tax bills
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Dubai residents stuck abroad because of the Iran war are trying to return home to avoid incurring large tax bills by spending too long outside the emirate, according to travel executives and tax lawyers. Some read more
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UniverCell lands €30M Series B to advance European lithium-ion cell manufacturing
UniverCell, a European manufacturer of high-performance lithium-ion battery cells and electrodes, has raised a €30 million Series B financing round. The round was co-led by the DeepTech & Climate Fonds (DTCF), IKA and WIKA, with strong support from the European Innovation Council (EIC) Fund. Founded in 2019 in Kiel, Germany, UniverCell has grown into an read more
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China spy case exposes new electoral hazards of foreign policy
This article is an on-site version of our Inside Politics newsletter. Subscribers can sign up here to get the newsletter delivered every weekday. If you’re not a subscriber, you can still receive the newsletter free for 30 days Good morning. The biggest story in Westminster today — and not just today but for many months read more
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FIRSTPICK raises €25M to find the Baltics’ next breakout founders
Vilnius-based first-check VC fund FIRSTPICK has launched a new €25 million fund focused on early-stage investments. The aim is to support Baltic founders who don’t fit the typical VC mold. No FAANG background or Ivy League degree needed. In a startup ecosystem where half of the founders are starting their first company, this approach is read more
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Shape the Next Decade: VivaTech 2026 Startup Challenges are Now Open!
Paris is set to host the 10th-anniversary edition of VivaTech from June 17 to 20, 2026. Since its launch in 2016 by Publicis Groupe and Les Échos-Le Parisien Groupe, VivaTech has cemented its position as one of Europe’s largest startup events and tech event, drawing disruptive minds and global leaders. This year, it will welcome read more
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Fibionic secures €3M for lightweight bionic technology
Austrian deeptech startup fibionic has closed a €3 million seed financing round led by Redstone together with Euregio+, Caesar, and Leap435, with additional support from several angel investors. Lightweight materials are widely regarded as a key technology across industries, including sports equipment, UAVs, robotics, industrial applications, and mobility. However, manufacturing processes, material efficiency, and automation read more
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Belgian logistics startup Vectrix raises €1.15M seed funding
Antwerp-based Vectrix, an order entry platform for the logistics sector, has raised €1.15 million in a seed funding round led by RDY Ventures to expand into European markets, starting with Belgium’s neighbouring countries. Logistics companies handle large volumes of transport requests each day, with administrative teams often manually entering order details into transport management systems. read more
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Gulf insurance costs soar 12-fold despite Trump guarantee
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The cost of insuring a ship sailing through the Strait of Hormuz has soared 12-fold, even after Donald Trump vowed to backstop trade through the key oil chokepoint. Shipowners have been quoted millions read more
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The Gulf’s safe-haven status is under fire
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For decades the fossil fuel-rich Gulf states have marketed themselves to investors, businesses and tourists as islands of stability in the otherwise volatile Middle East. But after the US and Israel launched their war against read more
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Ali Khamenei’s son Mojtaba emerges as a leading candidate for supreme leader of Iran
Ayatollah Ali Khamenei’s son Mojtaba has emerged as a leading candidate to replace his slain father as Iran’s supreme leader, with regime loyalists backing him for the position hours after top clerics met to choose a successor. Iran’s semi-official Mehr news agency on Wednesday quoted Ahmad Khatami, a member of the Assembly of Experts, as read more
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UK government commits £40M to discover AI “breakthroughs” in new AI lab
The UK government has committed up to £40m to discover the UK’s AI “breakthroughs” of tomorrow, as it looks to rev up its sovereign AI credentials. A UKgovernment-backed lab will support the effort, backed by up to £40m to invest in “blue sky AI research“. The funding will be made available over six years forthe read more
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British defence tech outfit Mutable Tactics raises over $2M in pre-seed round
A British defence tech startup developing AI software which helps improve the deployment of drones when communication is lost in combat has raised over $2m in a seed funding round. Mutable Tactics has raised $2.1m in a funding round, led by spacetech investor Seraphim Space, with funding also fromthe UK’s National Security Strategic Investment Fund,Koro, read more
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