Good news from around Europe
Klarna’s Q2 losses swell after hit with restructuring charge Klarna has reported a year-on-year increase in losses in Q2 to record a net loss of $53m after it was hit by a restructuring charge relating to reducing its office footprint. Earlier this year, it was revealed the Swedish fintech company
Fateless, the game studio behind Godforge, raises $14M Fateless, developer of the upcoming RPG Godforge, has completed a second funding round, raising an additional $8 million. This brings its total committed funding to $14 million. Founded in 2023, Fateless is a community-first game studio creating games in close collaboration with
Archestra raises $3.3M to build guardrails for enterprise AI agents London-based Archestra has raised a $3.3 million Pre-Seed round to build an open-source platform that allows employees to safely connect generative AI tools to internal systems and company data. The round was led by UK early-stage specialist Concept Ventures, with
Spaceline Labs launches Panthera, its near-earth stratospheric monitoring system Danish aerospace startup Spaceline Labs has successfully launched Panthera, its next-generation stratospheric Earth observation platform, from Andøya in northern Norway. Operating at altitudes between 18 and 50 km, Panthera delivers 10 cm/px high-resolution imagery in real time, offering a significant enhancement
Estonian medtech Better Medicine raises €1M to accelerate rollout of AI kidney cancer tool Tartu-based medical AI startup Better Medicine has raised €1 million in a Pre-Seed round to drive the European rollout of its CE-certified kidney cancer detection tool, prepare for FDA clearance and initiate pilot deployments in the
From muscle to mind to heart: What makes us human after the AI revolution Historically, physical strength and craftsmanship were key to success in the average person’s career. Then came the Industrial Revolution. Machines began replacing physical labour, and the value of intelligence and IQ rose sharply. Today, we’re on
Italy’s Bending Spoons raises over €500 million to turbocharge tech acquisitions Bending Spoons, a Milan-based technology company known for acquiring and operating a suite of globally recognised digital products, has raised over €500 million in debt financing to bolster its expansion through acquisitions. The financing round was led by J.P.
Norway’s Saga Robotics harvests €9.5 million to grow its fleet of autonomous farm robots Oslo-based Saga Robotics, the company behind Thorvald, a leading autonomous platform for grapevine and strawberries, has raised €9.5 million in equity capital to scale its commercial operations in the UK and US. The round was backed
Estonian MedTech startup Better Medicine raises €1 million to expand AI model for kidney cancer detection Tartu-based Better Medicine, a startup developing AI-powered diagnostic tools for radiology, has raised €1 million in a pre-Seed funding round to expand in Europe, prepare for U.S. entry, and pursue clinical and insurance partnerships.
London-based Archestra raises €2.8 million to “stop AI agents going rogue” British startup Archestra, a platform which enables companies to securely use AI agents and connect them to internal data sources safely, has raised €2.8 million pre-Seed funding in an oversubscribed raise that closed in less than two weeks. The