EU Information Service

UK government commits £40M to discover AI “breakthroughs” in new AI lab The UK government has committed up to £40m to discover the UK’s AI “breakthroughs” of tomorrow, as it looks to rev up its sovereign AI credentials. A UK government-backed lab will support the effort, backed by up to £40m

Shellworks raises $15M to scale sustainable plastic alternative Vivomer London-based biomaterials company Shellworks has raised $15 million in a Series A funding round led by Paris-based impact investment fund alter equity. The round also included participation from Nat Friedman (NFDG) and JamJar, founded by the creators of Innocent Drinks, alongside

Techstars calls time on Turin accelerator Techstars, the global startup accelerator and VC firm which provides funding and support for early-stage startups, is ending its accelerator programme in Turin, marking its latest exit from a European city.   Martin Olczyk, Techstars former managing director, said: “I’m closing a very special Techstars

Spain’s PLD Space raises €180M to scale satellite launch infrastructure International space transportation company, PLD Space, has closed a €180 million Series C equity funding round led by Mitsubishi Electric Corporation. The round included the Spanish Ministry of Science, Innovation and Universities, through the Centre for the Development of Technology

Bootstrapped to €500M: the story behind Kilo’s quiet rise — and its next billion-dollar bet As consumer health shifts toward longevity, quantified wellness and personalised nutrition, one of Europe’s fastest-growing health tech companies is repositioning itself for the next wave. Founded in 2013, Kilo Health — now rebranded simply as

YC-backed Diligent AI raises €2.1 million to automate KYC and AML workflows using AI agents Diligent AI, a London-and Berlin-based startup building autonomous AI analysts for financial crime compliance, today announced that it has raised €2.1 million ($2.5 million) in Seed funding to expand its engineering capabilities and accelerate the

Europe’s push for space autonomy gains momentum as Spain’s PLD Space secures €180 million Series C PLD Space, an Elche-based space transportation scale-up, has closed a €180 million Series C equity funding round to support its transition to commercial operations and the scaling of its industrial and launch capabilities. The

GHARAGE Ventures unveils €40 million Fund I, anchored by Gebr. Heinemann, to back travel and RetailTech startups Berlin- and Singapore-based independent venture capital platform GHARAGE Ventures today announced the launch of its inaugural fund to drive technological resilience in global travel and trade. Fund I amounts to €40 million and

Oslo’s Photoncycle raises €15 million to enable households to store surplus summer solar power for winter use Photoncycle, an Oslo-based energy storage scaleup, has raised €15 million in Series A funding to enable households to store surplus summer solar power for winter heating and electricity. The round was led by

EU faces scrutiny as €5bn Scaleup fund shortlist nears Powered by WPeMatico https://sifted.eu/articles/eu-scaleup-fund-shortlist-scrutiny