Europe
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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 specifically the democratic process. Tech companies, who built the tools in the first place, are making trips to the…
While North American VCs can see the potential value in backing European startups, it hasn’t been easy for firms to launch strategies.
Speedinvest closes fourth fund at $380M to back early-stage startups in Europe
Vienna-based early-stage VC Speedinvest has closed its fourth early-stage fund, Speedinvest 4, at €350 million (around $380 million at today’s exchange rate), surpassing the initial goal of €300 million ($325…
Kost Capital raising inaugural fund to invest in European food tech startups
Kost aims to “be the best co-investor in Europe” and work with food tech and generalist investors looking for a firm with scale-up expertise and food-specialized abilities.
EU calls for laws to force greater algorithmic transparency from music-streaming platforms
The European Parliament is calling for new rules to bring more fairness and transparency to music-streaming across the bloc, including proposals for a new bill to force streaming platforms to…
EU business crowdfunding is now bound by bloc-wide regulations
All business crowdfunding platforms wishing to operate within the European Union (EU) must now comply with a new EU-wide regulatory framework that brings a uniform set of rules to the…
AWS announces ‘sovereign cloud’ to support data residency in Europe
Amazon is joining the list of Big Tech companies to introduce a dedicated independent cloud for Europe, with news that it’s working on the “AWS European Sovereign Cloud” for governments…
Flanks grabs additional capital to automate wealth services in Europe
Flanks gathers global wealth data under one API so that clients can have a complete view of their investment portfolio in real time and make more intelligent investment decisions.
Governments need to create environments where founders and their teams can imagine building lasting and successful businesses.
HMD Global starts manufacturing in Europe with the ‘Made in Hungary’ Nokia XR21 5G phone
HMD Global, the phone maker and marketer behind the Nokia mobile phone brand, has launched its very first smartphone manufactured in Europe. The news comes some six months after the…
OpenAI to open its first EU office as it readies for regulatory hurdles
OpenAI is set to open its first office in the European Union (EU) and make several strategic hires, as the company prepares for regulatory headwinds. The ChatGPT-maker says that it…
TikTok starts shifting European data to its first local data center; full migration expected by Q4 2024
It has been a long time coming, but TikTok says that its first European data center is finally operational — partially, at least — with the process of migrating users’…
Satgana appoints Anil Maguru as partner to back climate-tech startups in Europe, Africa
Europe-based climate-tech VC Satgana has appointed Anil Maguru, formerly an investment director at the firm, as its newest partner. Satgana, which emerged out of stealth last year, invests in climate…
OMERS Ventures didn’t exit Europe because of the market — but it had good reason to
At the outset, it may seem as if the lackluster state of the European venture market may have motivated OMERS’ exit, but it appears that wasn’t the case.
Europe confirms in-depth probe for Adobe’s $20B Figma acquisition
The European Commission (EC) has confirmed that it’s opening an in-depth investigation into Adobe’s proposed $20 billion bid for digital design software rival Figma. The Commission said that the acquisition…
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Europe is more of a fuzzy tech cloud than a functioning ecosystem
The European startup scene is growing, but even after a couple of decades of trying to make ecosystems thrive, Europe appears to be spinning its wheels.
UK’s early-stage media tech VC GMG Ventures rebrands to Mercuri, closes £50M fund
U.K.-based early-stage media technology venture capital firm GMG Ventures has rebranded to Mercuri. It has also raised £50 million ($81.35 million) for its second fund led by British Business Bank,…
European startups still have a long way to go to achieve gender parity
According to a new study from Sista and the Boston Consulting Group, women are still underrepresented in the European tech ecosystem. Only 22% of startups created in 2022 included a…
Europe could be on the cusp of a golden era in robotics. Here’s why
For Europe, it seems like the old wisdom of not putting all of your eggs in one basket could be their biggest competitive advantage.
The US is losing crypto talent as blockchain devs seek safer havens
The number of blockchain developers in the US has declined every year since 2017, leaving some concerned for America’s crypto future.
The lowdown for European startups looking to raise money in 2023
We’re looking at Europe’s Q1 2023 venture capital tallies and considering the three largest venture markets in the region: the U.K., Germany and France.
Isar Aerospace raises $165 million to bring more sovereign launch to Europe
German launch startup Isar Aerospace has scored $165 million (€155 million) in new funding as it races toward the inaugural flight of its Spectrum small rocket later this year. The…
‘High conviction, low volume’: Playfair launches $70M pre-seed fund for European startups
London-based VC firm Playfair Capital targets super-young startups that have yet to make much of a ripple in their respective industries.
Tesla brings back European referral program as end of Q1 nears
Tesla is bringing back its referral program to Europe, a strategy that taps the brand loyalty of customers as it seeks to boost sales before Q1 ends.
With Project Clover, TikTok touts new EU data privacy and security efforts
TikTok is doubling down on its European charm offensive today as it looks to counter a rising tide of political discontent with the popular short-form video-hosting platform. A new program…
Despite myriad flaws, US remains top spot for Black startup founders seeking VC dollars
Through the haze, the reality is that the heart of the American Dream is still beating.
Amazon and EU settle two antitrust cases, including one focused on merchant data abuse
The European Commission (EC) has announced that it has reached an agreement with Amazon over a duo of antitrust probes, one that will enshrine commitments made by Amazon in European…
Meta abused its dominant market position to benefit Facebook Marketplace, EU’s initial findings show
The European Commission (EC) has confirmed that it’s proceeding with an antitrust investigation into Facebook’s parent company Meta Platforms Inc. (Meta), over the way it ties together its core social…
For businesses, protecting trademarks is often a lengthy and expensive process, especially if they have multiple brands. Digip digitizes much of the process, helping its customers file trademarks by themselves…
Apple expands Self Service Repair to iPhone and MacBook users in Europe
Apple has announced that its Self Service Repair store for iPhones and MacBooks is now open for business in Europe. First announced last November, the repair program essentially enables anyone…
