european startups

Cherry Ventures raises a new $500M fund for early stage and beyond, but will it be enough?

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 […]

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Led by Anduril, defense tech funding sets a new record this year

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

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The race isn’t over for European AI startups and the upcoming ‘agentic revolution’

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

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