Good news from around Europe
ElevenLabs confirms employee share sale at $6.6BN valuation, double valuation of nine months ago ElevenLabs, the UK AI unicorn, has confirmed that it is carrying out an employee share sale at a $6.6bn valuation, double its valuation of nine months ago. The UK startup also says it has hit over
NRG Therapeutics secures £50M Series B to advance mitochondrial drugs for ALS and Parkinson’s Stevenage-based biotech startup NRG Therapeutics has closed a £50 million Series B funding round as it moves towards clinical trials for its pipeline of treatments targeting mitochondrial dysfunction in neurodegenerative diseases. The round includes an £8 million
Renewcast raises €1M from 2C Venture to accelerate global expansion AI-powered renewable energy forecasting company, Renewcast, has secured a €1 million SAFE investment from 2C Ventures Fund I, marking a strategic extension of its 2024 SAFE round. Founded in 2020, Italy-based Renewcast delivers AI-powered forecasting solutions for the renewable energy
OpenAI to roll out ChatGPT Edu in Greek schools and support startups OpenAI has inked a deal with the Greek government, aimed at boosting the country’s startup ecosystem as well as rolling out its AI tools in schools. The deal will see Greece becoming one of the first countries to
Integra Therapeutics raises €10.7M to advance FiCAT platform and CAR-T validation Barcelona-based Integra Therapeutics has closed a €10.7 million pre-Series A round to advance its gene writing technologies designed to improve the safety, precision, and efficacy of advanced therapies. Founded in 2020 by Dr. Marc Güell and Dr. Avencia Sánchez-Mejías
Italian mobility startup Wayla zips past €1 million in funding in under 30 hours Wayla, a Milan-based mobility startup and Italy’s first urban van pooling service, has smashed through its €1 million crowdfunding goal on Mamacrowd in less than 30 hours after going public. Backers include travel company Carrani Tours,
Rome’s Renewcast secures €1 million for its renewable energy forecasting tech Renewcast, an Italian AI-powered renewable energy forecasting company, has secured a €1 million SAFE (Simple Agreement for Future Equity) investment from 2C Ventures Fund I, marking a strategic extension of its 2024 SAFE round. This new funding will accelerate
Italian SpaceTech startup Astradyne just raised €2 million for its ultralight solar panels designed for space Bari-based SpaceTech company Astradyne has closed a €2 million Seed investment round to accelerate the development of Solar-Z, its ultralight solar panel designed for space applications. The round was led by Primo Capital through
Swiss drone startup Flybotix secures nearly €8.5 million to reduce risk in confined space inspections Lausanne-based Flybotix, a robotics company specialising in drone-based solutions for the inspection of confined-space of industrial and civilian assets, announced that it has raised almost €8.5 million in a Series A extension round. The financing
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