Good news from around Europe
Spend management startup Pleo makes layoffs Pleo, the Danish spend management startup, has laid off workers, following changes it introduced earlier this year regarding how it launches new products and services. The job cuts took place during September and October, with up to 100 workers laid off, sources told Tech.eu. Those impacted
BOB secures $25M community funding to accelerate Bitcoin DeFi expansion Bitcoin builder company BOB has completed its community sale, bringing total funding to over $25 million. The company aims to bring decentralised finance (DeFi) functionalities to the Bitcoin ecosystem. According to BOB co-founder Alexei Zamyatin: “The community sale was an
RCA closes first design & innovation investment fund The UK Royal College of Art (Home) (RCA) has closed the RCA Design & Innovation S/EIS Investment Fund I. Launched to back the very best early-stage companies founded by RCA graduates and staff, the Fund offers investors access to a diverse pipeline of
London fintech Curve confirms sale to Lloyds Curve, the UK all-your-cards-in-one-place fintech, has been acquired by banking giant Lloyds Banking Group, the companies have confirmed. Curve, which is backed by investors Fuel Ventures, IDC Ventures, Outward VC and Hanaco Ventures and has raised more than £230m in funding, said the
Dost launches in UK with £6M Series A led by Octopus Ventures Spain-based Dost, an AI-powered financial automation platform, has closed a £6 million Series A round led by Octopus Ventures and officially launched in the UK market. The round also included participation from new investor TQ Ventures, as well
Crypto startup BOB completes community sale, lifting overall funding above €21 million London’s BOB, a crypto infrastructure startup which combines Bitcoin’s security with Ethereum’s DeFi innovation, has completed its community sale, bringing total funding to over €21 million ($25 million). Led by BOB labs, the sale marks an important milestone
Shaping tomorrow’s AI landscape: The AI & Policy Day lands in Amsterdam on December 11 The European Commission is pleased to announce the AI Policy Day: Scaling AI in Europe, an event for policymakers, researchers, startups and AI innovation leaders to discuss the opportunities and challenges of AI for Europe.
London’s PhysicsX nears unicorn status with backing from NVIDIA’s VC Arm and €133 million Series B extension London-based PhysicsX, the physical AI company innovating the future of engineering and manufacturing, today announced an extension to its Series B funding round, with a new investment from NVentures, NVIDIA’s venture capital arm
After processing 4 million transactions with 95% accuracy, Spain’s Dost raises €6.7 million to expand into the UK Dost, a Barcelona-based AI-powered financial automation platform, today announces its official UK market launch following a €6.7 million (£6 million) Series A funding round to fuel their dual growth strategy: consolidating its
Berlin’s Integral boosts total funding to €12 million and strengthens capabilities with cleverlohn acquisition Integral, a Berlin-based AI-powered services company innovating accounting, taxation, and payroll for SMEs, today announced the acquisition of cleverlohn, a digital payroll and HR provider in Germany. Additionally, the company announced new funding from General Catalyst,