Category: business
Finance, startups, productivity
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Parloa raises $350M, tripling valuation to $3BN
Parloa, the German-founded startup which develops AI voice agents for call centre work, has raised $350 million in a Series D funding round, vaulting its valuation threefold to $3 billion in sevenmonths. The round was led by existing investor General Catalyst, with other existing investors, including EQT Ventures, Altimeter Capital, Durable Capital Partners, and Mosaic read more
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AINA introduces AI-driven hiring platform backed by $1M raise
Cyprus-based AINA has raised $1 million in seed funding from a private angel investor to expand its AI-driven hiring platform, which aims to improve hiring efficiency and reduce recruitment costs. As competition in the job market intensifies, employers are receiving growing volumes of AI-generated applications, many of which are poorly aligned with open roles. At read more
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TaleMonster Games closes $30M Series A round
TaleMonster Games, an Istanbul studio founded by former Peak Games veterans, has raised $30 million in Series A funding led by Arcadia Gaming Partners and Andreessen Horowitz (a16z), with participation from Point72 Ventures and General Catalyst. The new round comes roughly eight months after the company closed a $7 million seed round. The company’s first read more
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Edtech platform Headway Inc secures Series A extension with backing from Endeavor Catalyst
Ukrainian-born edtech startup Headway Inc has raised Series A extension funding from Endeavor Catalyst. Headway Inc has closed the second tranche of its first external funding round, with Endeavor Catalyst participating and investing above its typical check size. While financial terms were not disclosed, Endeavor Catalyst typically invests up to $2 million per company, according read more
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Why financial control is becoming a technology problem
For decades, financial control was a function of accounting discipline. Budgets were set annually, spend was reviewed retrospectively, and finance teams relied on reports generated long after money had left the business. Technology supported the process, but it rarely defined it. That model no longer holds. As companies digitise their operations, financial control has quietly read more
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Novo Nordisk Foundation backs BioInnovation Institute with €736M to scale life sciences and deeptech innovation
The Novo Nordisk Foundation has allocated up to €736 million (DKK 5.5 billion) to BioInnovation Institute (BII), a leading institute for life science and deep tech innovation in Copenhagen. The funding will enable BII to expand its activities into new strategic areas and geographies, and support even more entrepreneurs and startups, strengthening innovation in Denmark read more
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Feedelity raises €510K to turn customer feedback into action
Ghent-based startup Feedelity has raised €510,000 to support its next phase of growth, in an investment round backed by private investors including Gilles Mattelin and Jorn Vanysacker (Henchman), Wouter Fransoo (Delaware), Robbrecht Delrue (Smartendr), and the venture funds Newschool VC and Scalefund. Processing a single customer review takes companies several minutes on average, and hospitality read more
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Luna Systems raises €1.5M to bring AI rider assistance to cycling and motorcycles
Luna Systems, a leading provider of AI-powered Advanced Rider Assistance Systems (ARAS) for cycling and motorcycles, has secured a €1.5 million investment to bring to market a portfolio of new AI safety camera hardware. Founded in Dublin City University in 2020, and inspired by the safety benefits of automotive ADAS, Luna Systems focuses on accelerating read more
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Lytra completes pre-seed financing for AI-driven manufacturing solution
Munich-based startup lytra has completed its pre-seed financing round, led by High-Tech Gründerfonds (HTGF) with participation from additional investors, to expand its AI-driven platform for manufacturing service automation. Service operations represent a significant strategic opportunity for manufacturing companies, accounting for a substantial share of revenue and typically delivering higher margins than new equipment sales. At read more
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Cyb3r Operations raises £4M to address third-party risk blind spots
London-based Cyb3r Operations has raised £4 million to provide organisations with continuous visibility into third-party cyber risk. The round was led by Octopus Ventures, with follow-on investment from Pi Labs, bringing total funding to £5 million. As organisations increasingly depend on expanding networks of SaaS platforms, cloud services, AI tools and external suppliers, cyber risk read more
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Skene raises €800k to accelerate software growth via AI agents
Helsinki-based product growth automation platform Skene has closed a €800,000 pre-seed round led by Superhero Capital, with participation from NVIDIA executives. As AI accelerates the pace of software development, a widening gap has emerged between building products and achieving commercial success. Many startups struggle to reach market fit, while a significant portion of SaaS tools read more
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German sustainability software outfit osapiens becomes unicorn, following $100M raise
German startuposapiens,which providessoftware-as-a-service (SaaS) services to help companies meet ESG targets, says it has become a unicorn after raising $100m. The Series C round was funded solely by Decarbonization Partners, the joint venture betweenBlackRockand Temasek focused on late-stage VC investing in decarbonising tech. The company isnow valued at over $1.1bn, following this round, it said. read more
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Klarna launches peer-to-peer payments across Europe
Klarna is launching a service whichallows itscustomers to send money to each other through its app, as it continues its shift toreposition itself as a bank. The Swedish fintech, best known as a BNPL fintech, is launching instant peer-to-peer payments across 13 European countries, including the UK. The feature means that Klarna customers can send read more
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Three-quarters of UK fintech founders use AI to speed up recruitment, says survey
Three-quarters of UK fintech founders are using AI to identify candidates and speed up recruitment, says a new survey. But findings from the survey also showthat human judgement remains critical to ensure founders are finding the right talent and mix of individuals to recruit. The survey gauged the opinions of early-stage fintechfounders, with 45 founders read more
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$60M Series B propels Aikido into the global unicorn ranks
Belgian cybersecurity company Aikido has raised a $60M millionSeries B at a $1B valuation, led by Tom Stafford at DST Global, with participation from PSG Equity, Singular, Notion Capital, and others. Aikido is one of the fastest cybersecurity companies to reach unicorn status — in just three years — globally, and according to the company, read more
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Dataroid raises $6.6M to scale its analytics platform worldwide
Istanbul-based Dataroid has closed a $6.6 million pre-Series A funding round led by the FinAI Venture Capital Fund of Tacirler Asset Management, with participation from the Tacirler Asset Management Future Impact Venture Capital Fund and Endeavor Catalyst. The company had previously raised $2 million in December 2023 from Koç Group’s Private Venture Capital Investment Fund read more
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Cast AI becomes Lithuania’s 5th Unicorn
Automation platform creator Cast AI has announced an investment from Pacific Alliance Ventures (PAV), the US-based corporate venture arm of Shinsegae Group, an over $50 billion Korean conglomerate with leading businesses across retail, consumer, and digital platforms. With this round of funding, Cast AI’s valuation exceeds $1 billion, marking the company as Lithuania’s 5th unicorn. read more
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Spot Ship closes £1M round led by Ventures.eu to modernise ship chartering
Spot Ship, the SaaS platform modernising global ship chartering, has raised £1 million in a round led by Ventures.eu, marking the Lisbon-based VC fund’s first investment from Fund I. The round included Improbable CEO Herman Narula, industry specialists, Tradeworks.vc and Marcel Kind. Spot Ship is a British cloud-based company focused on improving efficiency in maritime read more
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Quantum startup Haiqu raises $11M
A quantum startup based in the UK, Ukraine and the UShas raised what it says is one of the largest seed rounds in quantum software, bagging $11m. The funding round in Haiqu was led by Primary Venture Partners, with participation from Qudit Investments, Alumni Ventures, Collaborative Fund, Silicon Roundabout Ventures and returning investors Toyota Ventures read more
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