Europe’s startup scene is having a moment, with European unicorns multiplying and American VCs setting up shop across the pond. But while European funding dominates the early stages, late-stage capital still flows primarily from the U.S. So what does this mean for European founders, and how is the continent carving out its own identity in […]
Why European founders are winning (and it’s not about working less) Read More »
Financial services provider Brex on Thursday announced that it achieved a major milestone: it is now licensed in the European Union. That means it can now directly issue credit and debit cards and offer its spend management products to any business in all 30 EU countries with “no workarounds required,” as co-founder and CEO Pedro
IPO hopeful Brex scored major win to sell in the EU, plans UK expansion Read More »
It’s sometimes said that European VC doesn’t have the firepower to compete with VCs in the U.S., which regularly raise billion-dollar+ funds these days. Perhaps further evidence of this view persists in the news that Berlin-based Cherry Ventures has closed its latest fund at $500 million, to be split between early-stage rounds and follow-on rounds
Defense tech funding just reached a new high. Defense tech startups have raised almost $3 billion so far in 2024, according to Crunchbase. This surpassed the previous record from 2022 of $2.6 billion. It’s an impressive feat, especially considering the number of deals has shrunk: in 2022, there were 113 defense tech rounds, outpacing 2024’s
Led by Anduril, defense tech funding sets a new record this year Read More »
The top U.S. tech giants like Amazon, Microsoft, Google, Meta, and Apple have deep enough pockets to spend tens of billions of dollars on AI development and infrastructure. Next in rank are heavy hitters like OpenAI, Anthropic, and xAI, which are spending billions on AI. Then there are a handful of challengers, like Mistral and
The race isn’t over for European AI startups and the upcoming ‘agentic revolution’ Read More »
