Good news from around Europe
Bought and Wolt bring ultra-fast delivery to the second-hand market — orders arrive in as little as an hour Today sees another advancement in the circular economy. With the new Finnish secondhand marketplace app Bought, users can now order secondhand items from people nearby directly to their doorstep with Wolt
Cyprus-based Nice Plans Studio secures $3M for game development Cyprus-based gaming developer Nice Plans Studio has secured $3 million in its latest funding round, led by family office Pixeldog, with an additional $600,000 contributed by the founders. Headquartered in Cyprus, Nice Plans Studio operates as a lean, 21-person distributed team. Founders Roman
Multiverse Computing lands €189M to rewire the LLM ecosystem Quantum-inspired AI model compression company Multiverse Computing has raised €189 million Series B. It has developed CompactifAI, a compression technology capable of reducing the size of LLMs by up to 95 per cent while maintaining model performance. LLMs typically run on
The growth and opportunities of the Netherlands’ tech ecosystem Dutch tech companies raised over €3.7 billion in 2024, accounting for about 5 per cent of the total capital raised in the European tech ecosystem, according to Tech.eu’s European Tech 2024: The Big Picture report. This positions the Netherlands among the
Payrails raises $32M Series A to boost payment performance for global enterprises A global payment software company Payrails, has raised $32 million in Series A funding to further its mission of enabling enterprises to take control of their payment operations. Founded by former fintech leaders from Delivery Hero, Payrails’ founding
Paris-based Kolet raises €8.6 million to innovate global mobile connectivity across 190 countries One year after an initial €5 million Seed round, French eSIM startup Kolet announced a €8.6 million Series A to continue their mission to offer all travellers seamless, affordable, and universal mobile connectivity in over 190 countries.
Spanish MedTech scale-up Aortyx spins spider-inspired tech to mend torn aortas – raising €13.8 million Aortyx, a Barcelona-based MedTech scale-up, has raised a €13.8 million Series A funding round to reach the milestone of first-in-human testing, bringing their product – a bioresorbable patch that treats aortic tears – closer to
Why green energy independence is key to Europe’s innovation ecosystems For years, Europe’s energy strategy focused mainly on logistics and price, relying on cheap imports to sustain its industrial base. But recent crises have exposed the risks of this approach. Import dependencies have left Europe vulnerable to external shocks, and
German CleanTech startup Voltfang secures €15 million and launches Europe’s “largest second-life battery factory” Aachen-based Voltfang, a provider of European battery storage solutions for industrial, commercial, and grid-scale applications, has successfully closed its Series B financing round, raising €15 million. The round was led by Dutch DeepTech investor FORWARD.One. Additional
Spanish startup Multiverse Computing raises €189 million to scale technology that compresses LLMs by up to 95% San Sebastian-based Multiverse Computing, a global innovator in quantum-inspired AI model compression, today announces a €189 million investment round to further develop their CompactifAI – a compression tech capable of reducing LLMs by