Good news from around Europe
Microsoft-backed Builder.ai founder steps down as CEO but remains chief wizard The founder of one of the UK’s highest-valued AI startups backed by Microsoft has stepped down. Sachin Dev Duggal has stepped down as CEO of Builder.ai, which leverages AI to develop apps, but will remain on the startup’s board
Cloudsmith raises $23M Series B for enhanced software supply chain security Cloudsmith, a universal, cloud-native solution for software artifact management and software supply chain security, has raised $23 million in Series B funding, bringing its funding to over $40 million. Cloudsmith is used by enterprises that need control, security, and
Arāya Ventures secures £18.2M to invest in Seed and Pre-Seed 60 startups Arāya Ventures has completed a second close of the Arāya Super Angel Fund at £18.2 million and received £5 million commitment from British Business Investments, a subsidiary of the British Business Bank, co-investing alongside the Arāya Super Angel
Avery raises €300K to eliminate costly mis-hires HRtech startup Avery has raised €300,000 to eliminate the money companies waste in recruitment due to bad hires. According to Avery, companies lose €50,000 on every bad hire, with mis-hire rates hitting 20 per cent in high-growth companies. For a typical scaleup, making
Strato Create secures €167,400 to transform architectural workflows and cut design time by 80% Architecture, engineering, and construction (AEC) startup Strato Create has raised a €167,400 bridge round investment to support expansion into foreign markets and enhance the functionality of its cloud-based automation platform. Strato Create automates home design, estimation,
Needle raises €2 million to access valuable information ‘locked away’ with AI Berlin-based Needle, an AI-powered search and agent development platform, has raised €2 million Seed funding to expand their engineering team, strengthen its core technology, and accelerate its go-to-market initiatives. The round was led by 468 Capital and Presight
What are the most competitive industries for startups? (Sponsored) Setting up a new business always comes with challenges when entering the market and gaining traction, but some industries are more saturated than others. Startups aiming to succeed in one of the following markets in 2025 should prepare for fierce competition—but
Cloudsmith raises €21.9 million to secure the future of software supply chains Belfast-based Cloudsmith, a cloud-native artifact management platform for software supply chain security, has raised a €21.9 million Series B funding round. The round was led by TCV, with participation from Insight Partners. Existing investors MMC, Frontline, Techstart, Sorenson,
Meet the experts joining our “Current State & Future of Venture Capital in Europe” panel discussion at the EU-Startups Summit 2025! On April 24-25, 2025, the EU-Startups Summit will return for its 11th edition! Taking place for the second time in sunny Malta, this premier event will bring together around
Skyfora secures €4 million to supercharge AI weather forecasts using telecom GNSS meteorology Skyfora, a Helsinki-based innovator in AI-powered weather technology, has raised €4 million in a funding round to deploy its Telecom GNSS Meteorology solutions on a larger scale. The round was led by Danish Ugly Duckling Ventures and