Category: business
Finance, startups, productivity
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Neural Concept raises $100M to scale AI-native engineering
Swiss-based Neural Concept has raised a $100 million Series C round led by Growth Equity at Goldman Sachs Alternatives, with participation from existing investors Forestay Capital, Alven, HTGF, D.E. Shaw Ventures, and Aster Capital. Founded in 2019 and spun out of EPFL in Lausanne, Neural Concept develops an AI-focused engineering platform for product development. The read more
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Endra closes $20M seed round amid surging demand in construction supercycle
Stockholm-based Endra, an AI-powered mechanical, electrical, and plumbing (MEP) platform, has closed a $20 million seed round led by Notion Capital, with participation from existing investor Norrsken VC. The built-environment sector is under pressure to increase delivery capacity substantially. Some estimates suggest global construction output would need to grow by more than 40 per cent read more
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Lovable raises $330M at a $6.6B valuation to turn non-developers into software builders
Lovable has raised $330 million in Series B funding at a $6.6 billion valuation, led by CapitalG and Menlo Ventures’ Anthology fund. Additional investors in this round include the venture arms of leading companies building the future of work: NVentures (NVIDIA’s venture capital arm), Salesforce Ventures, Databricks Ventures, T. Capital (Deutsche Telekom), Atlassian Ventures, and read more
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Enlightra exits stealth with $15M to power energy-efficient AI data centre lasers
Enlightra, a deeptech startup developing chip-scale multiwavelength lasers for next-generation data transmission, has raised a total of $15 million. Investors include Y Combinator, Runa Capital, Pegasus Tech Ventures, Protocol Labs, Halo Labs, Asymmetry Ventures, and TRAC VC, among others. Modern AI training increasingly depends on faster connections between GPUs, yet many systems still rely on read more
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ÄIO wins €1.2M grant to scale fermentation-based flavoured fats for food
Tallinn-based ÄIO, a biotechnology company developing sustainable, non-animal fats and oils through fermentation, has been awarded a €1.2 million grant from Enterprise Estonia to advance its FERM-OIL project. The total project budget is €2.3 million. Founded in 2022 as a spin-off from TalTech (Tallinn University of Technology), ÄIO produces food-grade fats and oils by using read more
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The pickup counter Is food delivery’s blind spot — Pickpad is fixing it
As digital ordering reshapes how people buy food, one of the biggest operational bottlenecks in restaurants isn’t the kitchen — it’s the pickup counter. Off-premises orders now dominate in many markets, yet the moment where digital orders meet the physical world remains largely manual, inefficient, and data-blind. Startup Pickpad was founded in 2024 with a read more
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Small business tech tips: A guide to getting more done with Zoom Workplace
As a small business owner, you have to be scrappy. You need to find ways to break out in today’s crowded market — reach new audiences, automate processes, improve efficiencies, and do more with less — without overextending your team. The right technology can unlock all that, and then some. A 2024 study by the read more
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Monzo wins European banking licence, as investors agitate for CEO return
Monzo has been given the green lightto expand across Europe, after winning a banking licence. The UK digital bank announced today that it has secured a European banking licence. The winning of the licence comes amid reports that well-known Monzo shareholders are agitating to reinstate the Monzo CEO and push out the Monzo chair. Monzo read more
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From Kyiv to continental scale: Liki24’s unapologetically European ambition
What continues to fascinate me about Ukrainian startups and scaleups is their ability to solve problems for other countries — problems many of those countries are still struggling to fix. From edtech and lifelong learning to mental health, cybersecurity, and HR, Ukrainian founders are building globally relevant solutions shaped by constraint, resilience, and deep technical read more
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NobodyWho raises €2M to challenge Big Tech’s cloud AI with SLMs for local devices
A David vs. Goliath shift is emerging in AI as a small Nordic team is challenging Big Tech’s cloud-LLM dominance by bringing Small Language Models (SLM) directly to users’ devices. Copenhagen-based open-source startup NobodyWho has raised €2 million in pre-seed funding. The company aims to strengthen Europe’s position in global AI by championing Small Language read more
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geoSurge emerges from stealth to help brands improve visibility in AI search
London-based deeptech AI company geoSurge has launched out of stealth, focusing on helping brands understand and improve how they are represented within large language models. As AI increasingly serves as a starting point for everyday decisions, visibility within generative AI systems is becoming more commercially significant. Recent reports find that ChatGPT prompt volume rose by read more
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Wodan AI closes a €2M round to advance sovereign AI development in Europe
Wodan AI, a startup specialised in running artificial intelligence models directly on fully encrypted data, has closed a €2 million pre-seed round led by Spanish funds JME Ventures, Swanlaab and Adara Ventures, with additional participation from ScaleFund in Belgium. Wodan AI is a European company developing homomorphic encryption technology for use in artificial intelligence. Its read more
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A&B Smart Materials raises £1.5M pre-seed for biodegradable absorbents
Oxford-based materials science startup A&B Smart Materials has closed a £1.5 million pre-seed funding round. The round was led by existing investor Sake Bosch, with new strategic investors Caesar and Living Hope VC, alongside participation from Archipelago Ventures, Triple Impact Ventures, Cranfield University Seed Fund, Oxford Seed Fund, and several business angels from Cambridge Capital read more
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Bought snaps up luxury rental platform Robes Rental in third acquisition of 2025
Resale platform Bought, launched in March 2025, has announced its third acquisition of the year, Robes Rental, to strengthen its position in Europe and explore peer-to-peer renting. Earlier this year, Bought acquired the Finnish secondhand platform Zadaa as well as the bankruptcy estate of Vähänkäytetty.fi. Bought was the first to launch peer-to-peer local logistics in read more
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From speed to defensibility: What OpenAI sees in the next generation of AI startups
OpenAI for Startups is OpenAI’s programme designed to help early-stage companies build and scale products using AI. Rather than just offering model access, it focuses on removing practical barriers for founders by combining technical support, resources, and credits to accelerate product development. In practice, that means pairing access to OpenAI’s models with people, infrastructure, and read more
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N26 appoints new CEO amid sanctions hit
German neobank N26 has appointed a British executive as its new CEO, on the same day it was hit with new sanctions by the German financial regulator relating to compliance issues. Banking executive Mike Dargan will take over as CEO of N26, one of Europe’s most valuable fintechs, in April next year, replacing co-founder and read more
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The Seoul Statement paves the way for European AI standards
The butterfly effect is a well-known pillar in chaos theory and its premise that the simple flapping of a butterfly’s wings in China can cause hurricanes in Texas has had huge cultural influence. It is cited in any number of films including Back To The Future and, more poignantly for this article, AI’s favourite (and read more
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