Good news from around Europe
Eyes on the skies: London’s Spaceflux secures €6.1 million to scale satellite-tracking network SpaceTech startup Spaceflux has raised €6.1 million in Seed funding to accelerate the deployment of its global telescope network and enhance its AI-powered space situational awareness (SSA) technology. The round was co-led by the UK Innovation &
German FinTech platform Credibur secures €1.85 million for novel private credit infrastructure Berlin-based FinTech Credibur has secured €1.85 million in pre-Seed funding to emerge from stealth and launch its credit infrastructure platform that automate debt facilities between non-bank lenders and institutional capital providers. The round is led by European FinTech
Geneva’s STMicroelectronics snaps up NXP’s MEMS sensors unit in €808 million all-cash deal Swiss semiconductor developer STMicroelectronics (ST) is making a substantial stride in its sensor technology portfolio through the planned acquisition of NXP Semiconductors’ MEMS sensors business, currently based in Eindhoven. The €808 million all-cash deal – comprised of
A €520 billion opportunity: New report makes the case for investors and policymakers to back EU-funded startups A quiet revolution has been unfolding in Europe’s innovation ecosystem. EU-funded startups – particularly in critical sectors like deeptech, climatetech, AI, biotech and space – have quietly amassed over €520 billion in enterprise
Finnish e-mobility technology company Donut Lab raises €25M to scale modular electric vehicle platform Donut Lab, a Helsinki-based e-mobility technology company, has raised €25 million in seed funding to support the growth of its modular electric vehicle platform. The investment round includes participation from Risto Siilasmaa, former chairman of Nokia,
Polish SALESmanago acquires Thulium to enhance AI-driven, omnichannel customer engagement SALESmanago, Europe’s customer engagement platform with more than 2,000 customers, has announced the acquisition of Polish company Thulium, which offers multichannel, AI-based eCommerce customer experience solutions, from its existing majority owner, Spire Capital Partners. About Thulium Thulium is a customer
Defense startups received $30k: winners of the Defence Builder accelerator On July 15, the Defence Builder accelerator held its Demo Day. 9 graduate teams presented their technical developments. The organization team shared insoles with us. Three winning startups received $30,000 each, including: “Startup of the Batch” – Strug. Developers of
Startup of the Day: Swarmia, a Finnish tool for boosting team productivity through workflow insights Swarmia, founded in 2019 by former Smartly.io product lead Otto Hilska, is a Helsinki‑based engineering‑efficiency platform. The startup has recently closed a €10 million Series A round co‑led by DIG Ventures and Karma Ventures, with participation from
Cleo CEO teases IPO after AI fintech doubles revenue Powered by WPeMatico https://sifted.eu/articles/cleo-ceo-teases-ipo/
Bavaria sets ‘powerful precedent’ with plans to unlock private capital for VC Powered by WPeMatico https://sifted.eu/articles/bavaria-unlock-capital-foundations/