Category: business
Finance, startups, productivity
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Zilch bags payments licence
Zilch, the UK BNPL fintech, has received a licence which it says willremove its reliance on third parties and allow it to build more payment methods in-house. Zilch, which is backed by Goldman Sachs and eBay, also said it had strengthened its ties with Visa, which earlier this year replaced Mastercard as Zilch’s card network read more
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Zentio raises €1.4M for AI-native production planning
Berlin-based Zentio has closed a €1.4 million pre-seed funding round led by HTGF, with additional support from SIVentures. Alongside capital, the investors will provide strategic and operational support for Zentio’s next phase of growth. Industrial companies make thousands of decisions every day, from minor operational adjustments to major strategic shifts, and each choice can trigger read more
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Internxt AI debuts as Europe’s answer to ChatGPT — with total user anonymity
This week, Spanish technology company Internxt launched Internxt AI, a conversational AI tool designed as an ethical and secure alternative to tools like ChatGPT. Internxt AI prioritises user privacy, total anonymity and strict compliance with European regulations, offering an accessible, sovereign AI experience free from mass surveillance. This launch aligns with Internxt’s mission to establish read more
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Trendtracker raises $7M to scale its AI strategic intelligence platform
Ghent-based tech scale-up Trendtracker has closed a $7 million Series A funding round led by Armilar, with participation from existing investor Capricorn Partners. The investment will support the further development of Trendtracker’s autonomous AI strategy and foresight platform, which is designed to help organisations streamline strategic research, planning, and decision-making amid growing demand for AI read more
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Hiro Capital snaps up Nick Clegg and Yann LeCun, as launches fund
London-based VC firm Hiro Capital has snapped up two high-profile individuals from the European tech scene, as it launches a new fund targeting the European scaleup gap. Nick Clegg, theformer deputy PM and former Meta executive,is joining as general partner and Meta’s outgoing chief AI scientist, Yann LeCun, is joining Hiro Capital’s advisory board. The read more
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University of Cambridge quantum spinout nets record $60M Series A
A University of Cambridge quantum computing spinout, which is building the infrastructure needed for scaling quantum computers, says it has raised the largest ever quantum Series A in the UK. Nu Quantum has raised $60m in a funding round led by National Grid Partners, the VC unit of National Grid, with participation from Gresham House read more
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Mondu secures €100M debt facility and partnership from J.P. Morgan Payments
Berlin-based Mondu, a provider of B2B payment solutions, has secured a €100 million debt facility from J.P. Morgan Payments to scale its offering and support its expansion across Europe. Founded in 2021 by Malte Huffmann, Philipp Povel, and Gil Danziger, Mondu provides B2B payment solutions designed to simplify business transactions across Europe. With a focus read more
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Matta raises $14M to develop “sentient factory” technology
London-based Matta, an industrial AI spin-out from the University of Cambridge, has raised $14M in seed funding to transform how products are designed and manufactured. The round was led by Lakestar, with participation from Giant Ventures, RedSeed VC, InMotion Ventures, 1st Kind (Peugeot family), Unruly Capital, and Boost VC, alongside grant support from Innovate UK read more
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U2V launches €60M fund for deeptech university spin-offs in Europe
U2V (University2Ventures) has completed the first closing of its €60 million Fund I, with support from corporates including anchor LP Jungheinrich via Uplift Ventures, alongside family offices, serial entrepreneurs and industry executives. The fund aims to support teams turning Europe’s research into commercially viable deeptech companies, helping to bridge academia and industry while contributing to read more
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Wakuli raises €5M from ECBF and Rabobank
Amsterdam-based coffee company Wakuli has closed a Series A round of €5 million in debt and equity from ECBF and Rabobank. Including earlier participation from the ABN AMRO Sustainable Impact Fund and Icecat Capital, the company has now raised a total of €9.25 million. Founded in 2019 by Yorick Bruins and Lukas Grosfeld, Wakuli focuses read more
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FION Energy secures €1.4M for AI-optimised battery systems
Berlin-based cleantech startup FION Energy has closed a €1.4 million pre-seed funding round, led by HTGF and Norrsken Evolve, with participation from experienced business angels. Most industrial companies want to reduce their energy costs but face significant technical complexity and high operational effort. FION addresses this by offering an end-to-end solution, from site analysis and read more
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Fal raises $140M Series D to power the next era of real-time generative media
Real-time generative media platform fal today announced a $140 million Series D financing, bringing its funding to over $400 million. Türkiye-founded, fal is an infrastructure layer for real-time AI-generated content, enabling developers and enterprises to run any model—open-source, private, or commercial—through a single, ultra-low-latency serverless API. The platform automatically scales globally and eliminates DevOps overhead, read more
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KBC unveils €100M Start it Fund, targeting Belgium’s most promising startups from idea to IPO
KBC Group is investing €100 million through Start it @KBC to strengthen the Belgian startup ecosystem. This investment also launches a new fund (the Start it Fund) aimed at early-stage financing for top-tier startups from the accelerator program, addressing a long-standing demand from founders. Thanks to this fund, these startups can count on capital and read more
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Assaia raises $26.6M Series B to boost AI for airport operations
Assaia, the Zurich-based aviation technology company, has raised $26.6 million in an oversubscribed Series B funding round led by Armira Growth, alongside existing investors. As air traffic volumes surpass pre-pandemic levels and airports face staffing constraints and tighter operational margins, the industry is increasingly prioritising intelligent automation to strengthen resilience and improve efficiency. Assaia’s AI read more
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UK and Germany among countries with highest ChatGPT enterprise customers, says OpenAI
The UK and Germany are among the countries with the highest number of ChatGPT enterprisecustomersoutside the US, while the Netherlands and France are showing strong growth in business customer numbers, according to a new report fromChatGPTdeveloper OpenAI. OpenAI has published selective usage figures of its AI tools, which are now used by more than one read more
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Equixly raises €10M to tackle the API security crisis with agentic AI hackers
Italy-based Equixly has raised €10 million in Series A funding to scale its proprietary agentic AI hacking platform. The round was led by 33N Ventures and joined by Alpha Intelligence Capital, with additional participation from existing investors JME Ventures, 360 Capital and Fondazione Cassa di Risparmio di Firenze. Founded in 2022 by brothers and serial read more
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