UK-based Ontik raises €3.2M to help wholesalers replace spreadsheets with automated payment tools
London-based Ontik, a fintech startup, has raised $3.7M (nearly €3.28M) in a seed funding round, exceeding its original $2M goal.
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Germany-based Koppla secures €6M to streamline construction scheduling; here’s how
Germany-based Koppla, a company that offers an intuitive and collaborative scheduler for construction sites, raised €6M in a funding round.
Danish VC PSV Tech launches Fund II to accelerate deep tech innovation in the Nordics
Copenhagen-based PSV Tech, a VC firm, announced that has officially launched its second fund, PSV Tech Fund II, aimed at accelerating the growth of Nordic tech startups from inception.
German remberg secures €15M to help European industries save nearly €500B in annual revenue loss using AI
Munich-based remberg, an AI-based maintenance platform, raised €15M in a Series A+ round.
Eindhoven’s FononTech lands €8.5M; delivers first Impulse Printing machine to a major semiconductor firm
Eindhoven-based FononTech, a deep-tech startup specialising in advanced microelectronics manufacturing, has secured €8.5M in a seed funding round led by Sake Bosch, the founder of Prime Ventures.
Germany’s Emerge Tech raises funds to help small companies use AI for hiring and attracting talent
Berlin-based Emerge Tech GmbH, an HR tech startup, secures funding from High-Tech Gründerfonds (HTGF) and Heimatboost investment community.
Revolut bets big on France: Set to invest €1B+, create 200+ jobs, Western Europe HQ in Paris, will apply for banking licence
London-based Revolut, a multinational neobank and fintech company, has announced during today’s Choose France Summit that Paris will be the location of its new Western Europe headquarters.
EIB to provide €70B in startup funding; TechEU platform to launch this year
The European Investment Bank (EIB) announced on Friday (May 16) that it is launching a new initiative to provide €70B in startup funding by 2027 to close Europe’s investment gap with the United States.
In other news this week: Granola secures €38.5M, Glovo celebrates 10 years, OroraTech raises €37M funding and more
Tech moves fast, and staying on top of every development can feel like chasing a light.
AI tool of the week: Ghent’s food tech unicorn Deliverect unveils AI tool to stop fraudulent refunds
Ghent-based Deliverect, a food tech SaaS unicorn, on Thursday, announced the launch of an AI-powered tool -- Resolve – to tackle a revenue-draining pain point for multi-location restaurants -- Missing and Incorrect (M&I) errors and unjust refund claims.
Amsterdam's Prosus completes $1.7B acquisition of Latin American travel agency Despegar
Amsterdam-based Prosus, a global technology company, announced the completion of Despegar, a Latin American online travel agency's acquisition at a purchase price of $19.50 per share.
Prague-based Rockaway Ventures closes second fund at nearly €55M; will focus on these sectors
Prague-based Rockaway Ventures, a European investment fund within the Rockaway Capital group, announced the closing of its second fund…