Ad powerhouse WPP invests in Stability AI: Here’s why it matters
London-based Stability AI, an open and multi-modal generative AI company, has secured strategic partnership and investment by WPP, a marketing and communications services company.
Business
The economy of building technology — markets, startups, capital flows, and the operating decisions behind ambitious companies.
8,462 articles · Business
Norwegian proptech startup Telescope raises €3.7M from Amsterdam’s Curiosity VC, others
Oslo-based Telescope, a PropTech company, has secured €3.7M in a seed round led by Scale Capital and Dreamcraft Ventures, with participation from Amsterdam-based Curiosity VC and OBOS Oppstart.
Germany's INERATEC secures €70M to build Europe’s largest sustainable e-fuel plant: Know more
Karlsruhe, Germany-based INERATEC, a sustainable e-fuel production pioneer, announced that it has raised €40M in venture debt loan with the European Investment Bank (EIB) and €30M grant with Breakthrough Energy Catalyst.
Tallinn’s Stargate Hydrogen secures €11M to ‘radically’ bring down the cost of green hydrogen
Tallinn-based Stargate Hydrogen has completed its Series A funding round, securing €11M in equity investments.
Amsterdam unicorn Mews raises €70.6M from Tiger Global, Goldman Sachs, others
Amsterdam-based Mews, a hospitality technology company, announced that it has raised $75M (approximately €70.6M) in funding led by Tiger Global, a renowned global investment firm.
After Claude 3.7 Sonnet launch, Anthropic secures €3.3B funding, valuation soars to €58.3B
Anthropic, an AI safety and research company, announced that it has raised $3.5B (approximately €3.3B) in a Series E round at a $61.5B (approximately €58.3B) post-money valuation.
Paris-based Sofinnova Partners raises €1.2B, surpasses €4B in AUM
Paris-based Sofinnova Partners, a European venture capital firm in life sciences, has raised €1.2B over the past year, with more than €1B secured in the last quarter.
Lithuanian cloud-first digital bank myTU secures €10M; eyes profitability without VC support
Vilnius, Lithuania-based myTU, an AI-powered and cloud-first digital bank, has secured €10M in an oversubscribed Series A funding round, surpassing its initial €9M target.
London-based Lenkie secures €59M to help SMEs with instant working capital: Know more
London-based Lenkie, a transaction-based cashflow management platform, has secured £49M (approximately €59M) in a Series A funding round led by a large US private credit fund focussed on supporting lenders internationally.
Amsterdam’s AI startup Lemni launches with €3.3M pre-seed funding led by Sequoia
Amsterdam-based Lemni, a startup specialised in developing AI-powered customer experience platforms, has officially launched and announced it has raised $3.5M (approximately €3.3M) in a pre-seed funding round led by Sequoia.
In other news this week: ZeroNorth secures €48.1M+, Terrafame bags €100M, uFraction8 raises €4.1M, and more
Amid major funding rounds and acquisitions, several important startup developments may have gone unnoticed.
Belgian firm 4Tissue raises €1.5M to advance bioresorbable hydrogel for breast reconstruction
Ghent-based 4Tissue, an innovation-led research and clinical development organisation, has secured an additional €1.5M in funding.