Europe

Finmid raises $24.7M to help SMBs access loans through platforms like Wolt

finmid is building an embedded finance product that targets that relationship between marketplaces and sellers, and raised a Series A round to further build out its product and enter new markets.

Big Tech’s ad transparency tools are still woeful, Mozilla research report finds

"We feel there are major gaps between the spirit of the EU regulation and these repositories in practice," the report authors write.

Meta’s ‘consent or pay’ tactic must not prevail over privacy, EU rights groups warn

Nearly two dozen rights groups are urging the EDPB to not endorse a strategy used by Meta that they say is intended to bypass the EU's privacy protections.

Lawhive raises $12M to expand its legal tech AI platform for small firms

Lawhive has raised £9.5 million ($11.9 million) in a seed round to offer AI-driven services to ‘main street’ law firms.

UK’s antitrust enforcer sounds the alarm over Big Tech’s grip on GenAI

The UK's competition watchdog, the CMA, has sounded a warning over Big Tech's grip on the advanced AI market, with CEO Sarah Cardell expressing "real concerns" over how the sector is developing.

Alternative browsers report uplift after EU’s DMA choice screen mandate

A flagship European Union digital market regulation appears to be shaking up competition in the mobile browser market. It’s been a little over a month since the Digital Markets Act (DMA) came in

Proton picks up Standard Notes to deepen its pro-privacy portfolio

By adding Standard Notes to its portfolio of apps, Proton will deepen its reach with an engaged community of pro-privacy users.

Proxima Fusion raises $21M to build on its ‘stellarator’ approach to nuclear fusion

Munich-based Proxima has raised €20 million ($21.7M) in a seed round to begin building its first generation of fusion power plants.

As AI accelerates, Europe’s flagship privacy principles are under attack, warns EDPS

The European Data Protection Supervisor (EDPS) has warned key planks of the bloc’s data protection and privacy regime are under attack from industry lobbyists and could face a critical reception

TransferGo raises $10M to expand its remittance business in Asia, doubling valuation

TransferGo, the U.K.-based fintech best known as a consumer platform for global remittances, has raised a $10 million growth funding round from Taiwan-based investor Taiwania Capital, with a view to e

Neurotech startup Neurovalens gets FDA clearance for noninvasive anxiety treatment

A 2019 rule change by the U.S. medical devices regulator aimed at encouraging innovations targeting insomnia and anxiety is bearing fruit: Neurovalens, a Belfast-based startup that for over a decade h

US and EU commit to links aimed at boosting AI safety and risk research

The European Union and United States put out a joint statement Friday affirming a desire to increase cooperation over artificial intelligence. The agreement covers AI safety and governance, but also,

India, grappling with election misinfo, weighs up labels and its own AI safety coalition

India, long in the tooth when it comes to co-opting tech to persuade the public, has become a global hot spot when it comes to how AI is being used, and abused, in political discourse, and specificall

Business planning startup Pigment raises $145M in rare French tech mega-round

Paris-based startup Pigment has raised a $145 million funding round just five years after its inception. The enterprise software company offers a business planning platform for large companies to visu

EU and US set to announce joint working on AI safety, standards & R&D

The European Union and the U.S. expect to announce a cooperation on AI at a meeting of the EU-U.S. Trade and Technology Council (TTC) on Friday, according to a senior commission official who was brief

After reaching profitability, carpooling platform BlaBlaCar secures $108M debt line

BlaBlaCar is an iconic name in the French startup ecosystem. The carpooling and bus ticketing company has been around for so long that it’s hard to consider it a startup anymore. Still, BlaBlaCar is

A new games-focused VC in Turkey shows the industry there continues to gain steam

Turkey has gained a well-earned reputation as being a veritable cauldron of mobile games startups, leading to the rise of VCs dedicated to the sector. The latest to join this coterie is Laton Ventures

Google DeepMind CEO Demis Hassabis gets UK knighthood for ‘services to artificial intelligence’

Demis Hassabis, CEO and one of three founders of Google’s artificial intelligence (AI) subsidiary DeepMind, has been awarded a knighthood in the U.K. for “services to artificial intelligen

Uber Eats courier’s fight against AI bias shows justice under UK law is hard won

On Tuesday, the BBC reported that Uber Eats courier Pa Edrissa Manjang, who is Black, had received a payout from Uber after “racially discriminatory” facial recognition checks prevented hi

Buy now, pay later on a Porsche? Zaver now has $30M to make it a reality

We last checked in on Zaver, a Swedish B2C buy-now-pay-later (BNPL) provider in Europe, when it raised a $5 million funding round in 2021. The company has now closed a $10 million extension to its Ser
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