Good news from around Europe
Javice found guilty of defrauding JPMorgan in $175M startup purchase Charlie Javice, the founder of student loan application startup Frank that was purchased by JPMorgan for $175 million, was found guilty on Friday of defrauding the bank by greatly inflating the customer count. After a five-week trial, the jury found
‘Tesla Takedown’ protesters are planning a global day of action on March 29, and things might get ugly “Tesla Takedown” organizers have promised their biggest day of global action this weekend, encouraging thousands to protest outside Tesla showrooms, dealerships, and even charging stations to peacefully object to Elon Musk’s role
Elon Musk says xAI acquired X Elon Musk’s AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, in an all-stock deal, he announced in a post on X Friday. “xAI has acquired X in an all-stock transaction,” Musk said. “The combination values xAI at $80
Fintech VC powerhouse Frank Rotman stepping down from QED Investors to found his own startups Prolific fintech investor and QED Investors co-founder Frank Rotman said Friday that he will transition to a partner emeritus role by year’s end to focus on founding his own startups. But those startups won’t necessarily
Nintendo used its new app to announce the ‘Legend of Zelda’ movie release date Nintendo announced on Friday that its live-action “The Legend of Zelda” movie will premiere on March 26, 2027. It’s a little weird to announce this the day after a Nintendo Direct livestream, where the gaming company
Marvel Fusion secures €50M Series B extension for fusion energy development Fusion energy company Marvel Fusion today announced the extension of its Series B funding round by €50 million, bringing the total round to €113 million. The extension includes new investments from EQT Ventures, Siemens Energy Ventures, and the European
Market research platform Experial secures €2M Pre-Seed funding German deep-tech startup Experial has closed a €2M Pre-Seed funding round, led by Capnamic Ventures with additional support from xdeck Ventures and angel investors. The new funding will enable the company to advance its AI-powered digital twin technology, which aims to transform
Deutsche Bank commits £250M to British fintech Abound Abound, a UK-based fintech firm specialising in AI-driven lending, has secured £250M in financing from Deutsche Bank. This new funding will boost the company’s total lending capacity to £1.6B. Abound leverages advanced credit technology to assess borrowers using real-time financial data via
Poland’s dynamic tech ecosystem In 2024, Poland’s technology sector experienced significant growth. According to Tech.eu research, Polish tech companies raised over €180 million last year, marking a 30 per cent increase compared to the previous year. While the country’s tech ecosystem is diverse, the software, education, and fintech sectors led in
AI startup co-founded by DeepMind scientist surfaces from stealth with $3.25m fundraise An AI startup co-founded by a former Google DeepMind research scientist has come out of stealth today, announcing that it has raised $3.25m, led by General Catalyst. The startup, called Ethos, appears to be a consultancy-cum-recruitment outfit. Taking