BRUSSELS — Chinese online retailer Temu is under investigation by European Union regulators over potential breaches of the EU’s Digital Services Act (DSA), which seeks to prevent the sale of illegal products and safeguard consumers, officials announced Tuesday. If found in violation, Temu could face fines up to 6% of its global revenue. The European Commission’s investigation will […]
London, UK — October 31, 2024 — Scalpel AI, a medtech innovator specializing in advanced computer vision for surgical tool and implant tracking, has secured £3.8 million (approximately €4.5 million) in funding. Led by Mercia Ventures with additional support from Tensor Ventures and private investors, this investment will propel Scalpel AI’s global expansion and support […]
London, UK – [30 October 2024] – nCino, Inc. (NASDAQ: NCNO), a global leader in intelligent banking solutions, today announced a definitive agreement to acquire UK-based SaaS platform FullCircl for $135 million. FullCircl’s innovative solutions are designed to streamline client onboarding, enhance revenue growth, and improve client lifecycle management for financial institutions and regulated industries […]
Berlin, October 2024 – GIFTD, a forward-thinking Berlin-based startup, has raised EUR 535,000 in an angel funding round backed by key investors including Thies Network, quantumReality, and impact investor ULTRA.VC. The fresh capital will fuel the launch of GIFTD’s groundbreaking app, designed to turn unsold goods into powerful marketing tools. The app has already garnered […]
OpenAI Partners with TSMC and Broadcom for In-House AI Chip Design, Begins Using AMD Chips for Model Training In a strategic move to advance its artificial intelligence capabilities, OpenAI has partnered with Taiwan Semiconductor Manufacturing Company (TSMC) and Broadcom to develop an in-house AI chip, according to sources reported by Reuters. While initially considering the establishment of dedicated chip manufacturing facilities, OpenAI […]
Porto-based smart facilities management platform Infraspeak has announced the successful closure of an oversubscribed €18 million Series B funding round, marking a major milestone in its mission to simplify facilities management through collaborative intelligence. The round was led by Endeit Capital, with participation from other prominent investors, including Bright Pixel Capital, Caixa Capital, Innovation Nest, […]
London, United Kingdom, October 29, 2024 – Online Payment Platform (OPP), a Netherlands-based paytech specializing in payment services for marketplaces and platforms across Europe, has secured an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). This significant milestone allows OPP to further enhance its cross-border payment solutions and expand its product […]
Munich, Germany, October 2024 – Emidat, a fast-growing environmental data solutions provider for the construction sector, has successfully raised €4 million in seed funding led by General Catalyst. The investment comes as the company ramps up efforts to help construction companies comply with the European Union’s new regulations requiring environmental labels for all building materials. […]
Paris, France – October 29, 2024 – Kompanion Care, an innovative healthtech startup based in Paris and Budapest, has raised €500,000 in pre-seed funding. The round was led by Interactive Venture Partners, with additional contributions from notable investors, including Plug & Play, STRT, and angel investors. This capital will support the upcoming commercial launch of […]
Berlin, Germany – In a significant milestone, Berlin-based fintech startup Unitplus has raised €4.7 million in seed funding, led by UK venture capital firm Pact. This latest round also saw participation from Seed X, a specialist fund focused on financial startups, alongside prominent business angels, including Alexandros Bottenbruch from PayPal Ventures. Unitplus, known for its […]