Good news from around Europe
Swedish challenger bank Northmill targets EU expansion Northmill is targeting expansion across the EU, as the Swedish challenger bank reports quarterly pre-tax profits of 56 million kronor (€5.1m). The retail and business bank currently operates across the Nordic markets of Sweden, Norway, and Finland. The challenger bank was founded in 2006 and secured
Panasonic reopens expanded €320M heat pump factory in Czech Republic Japanese electronics giant Panasonic has reopened its newly expanded “giga factory” in Pilsen, Czech Republic, following a €320 million investment aimed at significantly scaling up production of heat pumps for the European market. The move marks one of the largest
Palmer Energy Technology acquires battery tech firm Brill Power and secures £5M in funding UK-based Palmer Energy Technology Limited (PETL), a battery energy storage system startup, has announced the acquisition of Brill Power, a spin-out from the University of Oxford known for its advanced battery management technology. The deal is
Synkka raises pre-seed to launch AI agents for scalable, autonomous parcel delivery London-based Synkka, an AI platform automating the full carrier integration process, has closed an oversubscribed pre-seed round led by Ascension VC. The round is notably joined by a syndicate of seasoned parcel delivery experts who have built and
Weekly funding round-up! All of the European startup funding rounds we tracked this week (Aug. 25-29) This article is visible for CLUB members only. If you are already a member but don’t see the content of this article, please login here. If you’re not a CLUB member yet, but you’d
British AI startup Artificial Societies raises €4.5 million to simulate human behaviour at scale London-based Artificial Societies, a synthetic persona platform enabling AI-powered simulations of human behaviour, has raised €4.5 million in combined pre-Seed and Seed funding. The latest Seed round of €2.8 million was led by Point72 Ventures, while
“The old model is broken and must be replaced”: London’s Synkka raises funding to cut parcel delivery costs Synkka, a UK-based LogisticsTech startup aiming to automate the parcel delivery industry, has announced a pre-Seed funding round to support the development of its AI-powered workforce and accelerate the rollout of its
British startup Palmer Energy Technology acquires Brill Power in merger backed by €5.7 million raise UK-based Palmer Energy Technology Limited (PETL), a battery energy storage system startup, has acquired Oxford University spin-out Brill Power in a strategic move to bolster its position in the Battery Energy Storage Systems (BESS) market.
Dutch startup Framer raises €85.6 million at €1.7 billion valuation to expand no-code web platform Amsterdam-based Framer, a no-code website platform helping companies build and run sophisticated marketing sites, has raised €85.6 million in a Series D round at a €1.7 billion valuation. The round was led by returning investors
AI drones that reduce strike time to a few minutes. Quantum Systems and STARK present Hunter-Killer German companies Quantum Systems and STARK have successfully tested the new Hunter-Killer combined reconnaissance and strike complex, designed for effective use in modern combat operations. The system has already proven its effectiveness on the