European VC deal activity continued to decline in the second quarter of 2023, the latest report by Pitchbook has found. Unsurprisingly, the ecosystem has been heavily impacted by inflation, limited capital availability, slow economic growth, and high interest rates. While the deal value jumped from €13.3bn in Q1 to €18.3bn in Q2, VC deal counts […]
Report: European VC deals continue to sink amid economic downturn Leer más »
Today, Balderton Capital launched a Founder Wellbeing Platform based on how professional athletes approach reaching peak performance. The London-based VC is making the wellbeing and performance programme available to all its portfolio company founders. It consists of four pillars — a six-month personalised health and fitness program, CEO forums for peer-to-peer support, executive coaching, and
European VC invests in wellbeing and performance platform for founders Leer más »
Europe finally has all the pieces in place to challenge the US as the world’s leading tech hub, according to an analysis from venture capital firm Creandum and Dealroom, released today. Europe’s total number of unicorns has grown 88% compared to the US’ 56% since 2014. Moreover, its share of global VC funding has quadrupled
Europe makes unicorns at almost twice the rate of the US, report finds Leer más »
Emmanuel Macron has a new scapegoat for the riots engulfing France. As violent protests sparked by the fatal police shooting of a teenager spread across his nation, the president first blamed social networks and parents, before pointing the finger at a beloved boogeyman: video games. “It sometimes feels like some of them re-live in the
French riots and 5 other social ills blamed on video games Leer más »
Artificial intelligence sure is keeping the post office busy. After a recent flurry of open letters about runaway AI, unregulated AI, and apocalyptic AI, another missive arrived on the EU’s doorstep today. In this case, however, the signatories have raised a contrary concern. Rather than call for more rules, they fear there will soon be too
European companies hate the EU’s new AI rules — here’s why Leer más »
ESA’s mission to unravel the mysteries of the dark universe is set for launch. Following a one-year delay caused by the Ukraine invasion, the Euclid space telescope is scheduled for takeoff on July 1 at 5: 11PM CEST time from Cape Canaveral in Florida, US. Named after the famous Greek mathematician, the telescope will embark
Euclid telescope set to embark on dark universe exploration mission Leer más »
Like a runaway train, the tech sector’s layoff spree shows no sign of hitting the brakes in 2023. Layoffs.fyi found that between January and May this year, more than 200,000 people around the world found themselves on the wrong end of the pink slip. Echoing through the industry like a gong are the layoffs from
Opinion: European startups should welcome global tech layoffs with open arms Leer más »
Aiming to ensure the development of trustworthy AI, EU member states, the Commission, and 128 partners have committed €220mn to establish four new testing and experimentation facilities (TEFs) within the bloc. These TEFs are large-scale physical and virtual facilities, where AI-based software and hardware technologies can be tested in real-world environments. They will also act
EU launches four new testing facilities to develop responsible AI Leer más »
Hamburg-based 1KOMMA5° is the latest startup to join the expanding club of climate tech unicorns, after bagging €430m in fresh funding. Founded just 23 months ago, the startup’s main product is Heartbeat, an IoT device that acts as the air traffic control of your home’s energy system. The device connects your solar panels with
German startup raises €430M to create ‘virtual power plant’ for your home Leer más »
Story by Siôn Geschwindt Siôn is a reporter at TNW. From startups to tech giants, he covers the length and breadth of the European tech ecosystem. With a background (show all) Siôn is a reporter at TNW. From startups to tech giants, he covers the length and breadth of the European tech ecosystem. With a
EU plants flag in Silicon Valley ahead of big tech crackdown Leer más »
Story by Siôn Geschwindt Siôn is a reporter at TNW. From startups to tech giants, he covers the length and breadth of the European tech ecosystem. With a background (show all) Siôn is a reporter at TNW. From startups to tech giants, he covers the length and breadth of the European tech ecosystem. With a
Lithuania to host Europe’s largest tech campus following €100M investment Leer más »
Story by Siôn Geschwindt Siôn is a reporter at TNW. From startups to tech giants, he covers the length and breadth of the European tech ecosystem. With a background (show all) Siôn is a reporter at TNW. From startups to tech giants, he covers the length and breadth of the European tech ecosystem. With a
Mobility giant Bolt adopts self-driving Starship robots for food delivery Leer más »
