German energy startup 1KOMMA5° has lodged an official complaint with the European Commission opposing the German government's strategy to expand fossil gas power plants. The company argues that the plan contradicts climate goals and EU regulations aimed at reducing carbon emissions.
Tallinn-based Yaga, an online marketplace specializing in second-hand fashion, has successfully raised €4 million in a pre-Series A funding round. The round was led by Specialist VC, with additional investments from H&M Group, TrindVentures, and Startup Wise Guys. This funding will support Yaga's growth and scaling efforts in the sustainable fashion sector.
Many users experienced difficulties accessing major websites such as Canva, Grammarly, Disney+, Duolingo, Reddit, Microsoft 365, Fortnite, Facebook, Zoom, Slack, Snapchat, Signal, and Perplexity due to a global AWS outage yesterday. This incident highlights the fragility and interconnectedness of modern digital services and the significant impact that cloud service disruptions can have on a broad range of platforms and users.
Vilnius-based startup nexos.ai has successfully secured €30 million in a Series A funding round to support enterprises in adopting artificial intelligence technologies securely and at scale. The investment round was co-led by Evantic Capital alongside existing backer Index Ventures, highlighting strong investor confidence in nexos.ai's mission to tackle challenges in enterprise AI integration.
In the construction industry, even minor design errors can lead to major problems, such as ramps that are too steep, doorways that are too narrow, or misaligned sensors causing costly delays. AI-BOB, a Swedish startup, leverages artificial intelligence to enhance compliance and precision in construction projects, helping to prevent these costly mistakes and streamline workflows.
German deep tech company Etalytics has secured an €8 million extension to its Series A funding round, bringing the total amount raised to €16 million. The new investment round is led by M12, the venture capital arm of Microsoft, and includes continued support from existing investors. This funding boost will help accelerate Etalytics' growth and innovation in the deep technology sector.
Toulouse-based trusttech startup Certificall has successfully raised €1 million in a seed funding round. The investment was led by TomCat, Groupama, and InsurAngels. Founded in 2022 by insurtech experts Guillaume Laurent and Nicolas Chaba, the company aims to reinforce its position in the European market with this new capital injection.
A UK-based startup, CoMind, has secured more than $100 million in total funding to develop innovative brain monitoring and treatment technology that eliminates the need for drilling into a patient's skull. This breakthrough approach aims to provide a less invasive alternative for neurological care, enhancing patient safety and treatment outcomes. The recent funding round highlights strong investor confidence in CoMind's potential to transform brain health diagnostics and therapies.
UK-based cleantech startup HotGreen Solutions has successfully raised £1.2 million in a pre-seed funding round. The round was led by Empirical Ventures, with strategic investments from Coca-Cola Europacific Partners (CCEP), First Imagine!, and other key stakeholders. This capital will support the development of HotGreen's ultra-efficient heat pump technologies aimed at improving energy sustainability.
Venture capital firms offer valuable insights not only through their investment focus but also via their operational evolution. HV Capital is a prime example, having recently undergone a comprehensive leadership transition that marks a new chapter in its European investment mandate.