Good news from around Europe
PayPal-backed Modulr reports increased revenues, pulls back from crypto clients PayPal-backed UK fintech Modulr has reported a reduction in annual pre-tax losses of £11m in 2024, as it targets US expansion and pulls back from working with crypto clients. Modulr provides white-label payment infrastructure for businesses, calling itself an “embedded payments platform”.
Can a startup do for patents what Stripe did for payments? Lightbringer is giving it a shot Patents are the backbone of protecting innovation, yet the process of securing them in Europe can take years and cost founders precious time and money. Swedish startup Lightbringer, founded in 2023, believes it
AI coding assistants save UK government workers 28 working days a year, claims government AI coding assistants are saving UK government workers 28 working days a year, the government claims, as it looks to leverage AI to save £45bn across the public sector. AI coding assistants are becoming increasingly common in
Ukrainian defense startup Falcons secures US funding to scale electronic warfare system Ukrainian defense technology company Falcons has raised funding from US-based Green Flag Ventures to scale production of its radio frequency (RF) direction-finding system and work toward NATO certification. Founded in 2022 following Russia’s full-scale invasion, Falcons develops cost-effective
Weekly funding round-up! All of the European startup funding rounds we tracked this week (Sept. 08-12) 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
From seed to success: 35+ accelerator programmes transforming Europe’s startups Startup accelerators can play a crucial role in helping early-stage startups succeed. They are structured, time-limited programmes that typically last a few weeks or months. Accelerator programmes provide startups with mentorship, initial funding, office space and/or access to valuable investor
Vilnius-based MELP raises €1.25 million to expand employee well-being platform in the UK MELP, an employee well-being platform, has raised €1.25 million in a new investment round led by Coinvest Capital and supported by business angels. The fresh funding will be used to strengthen the company’s position in the UK
Artificial Intelligence in Customer Service: What does the EU AI Act mean for customer care teams? The EU AI Act is the European Union’s first-ever legal framework designed specifically to regulate artificial intelligence. Adopted in 2024, it introduces a risk-based approach, classifying AI systems into four categories: minimal, limited, high,
Double Tap Investments invests in Ukrainian defence startup Hard Cat Drones In early 2025, the British-Finnish venture capital firm Double Tap Investments made an investment in Hard Cat Drones, a Ukrainian defense startup specializing in the development of innovative unmanned systems for river and maritime operations. The amount of the
Microsoft and OpenAI expand cooperation. The companies have announced a new stage in their partnership OpenAI and Microsoft have signed a memorandum of understanding (MOU) outlining the direction of their future cooperation. The document is preliminary in nature, and the parties are currently working on finalizing the terms of the