Europe

The meteoric rise of collaborative design startup Canva — now valued at $40 billion — and conversely, the viral interest we’ve been seeing in the market for NFTs where you can “buy” a share of a limited-edition digital asset, are two examples of how the tech world today revolves around — and values — catchy
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The UK’s competition watchdog has cleared Facebook’s acquisition of Kustomer, a maker of CRM tools. The purchase was announced last November — with a price-tag we reported as $1BN — but is pending closing after facing regulatory scrutiny. The UK’s Competition and Markets Authority (CMA) opened an inquiry on the proposed merger this summer, at
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The UK government has announced a national AI strategy — its first dedicated package aimed at boosting the country’s capabilities in and around machine learning technologies over the longer term. It says it hopes the strategy will lead to an increase in the number and types of AIs being developed and commercialized in the UK
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The UK published its first ever national AI strategy this week. The decade-long commitment by the government to levelling up domestic artificial intelligence capabilities — by directing resource and attention toward skills, talent, compute power and data access — has been broadly welcomed by the country’s tech ecosystem, as you’d expect. But there is a
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French startup Skello has raised a $47.3 million funding round (€40 million). The company has been working on a software-as-a-service tool that lets you manage the work schedule of your company. What makes it special is that Skello automatically takes into account local labor laws and collective agreements. Partech is leading today’s funding round. Existing
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Back in 2018 we covered how Open Mineral (OM), a startup aiming to leverage greater transparency in commodities trading, had raised $2.25 million. Well, they’ve come a long way and now the Zug, Switzerland-based, company has raised a $33 million Series C funding round led by Mubadala Investment Company. Existing investors Xploration Capital and Emerald
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The ability to offer stock options is utterly essential to startups. They convince talented people to join when the startup is unlikely to be capable of matching the high salaries that larger, established tech firms can offer. However, it’s a complex business developing a competitive stock option plan. Luckily, London-based VC Index Ventures today launches both a
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The EU will use legislation to push for greater resilience and sovereignty in regional semiconductor supply chains. The bloc’s president trailed a forthcoming ‘European Chips Act’ in a state of the union speech today. Ursula von der Leyen suggested that gaining greater autonomy in chipmaking is now a key component of the EU’s overarching digital
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Helsinki-based VC Maki.vc is poised to reach the final close of its second fund at €100 million, with the aim to invest in seed-stage startups across Europe. The first investments from the new fund include UK-based Baseimmune (antigen discovery and vaccine design), Volare (Foodtech), and PixieRay (adaptive eyeglasses). Maki.vc’s initial ticket sizes range from €250,000
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More startup swapping in the food delivery space: Spain’s Glovo, an on-demand delivery platform which operates a network of dark stores focused on urban convenience shopping, is pushing deeper into planned grocery shopping — announcing the acquisition of two regional ‘Instacart-style’ grocery picking and delivery startups, Madrid-based Lola Market and Portugal’s Mercadão. Terms of the
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With supply chains under constant stress because of the pandemic, freight forwarding has become one of the hottest startup sectors in the last two years. Indeed, international freight forwarding is now a $199 billion market. And the evidence is mounting. In November last year, digital freight forwarder Forto raised another $50 million in a round led
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