Europe

European Startup Funding Coping with US Investor Withdrawal
Business, Europe

European Startup Funding Coping with US Investor Withdrawal

A significant decline in European startup funding is highlighted in a recent Atomico research on the continent's digital scene. This decline is mostly attributable to inflation, rising interest rates, and geopolitical unpredictability. It is anticipated that European startups will raise roughly $45 billion this year, a substantial decrease from the $85 billion they raised in 2022. The yearly report provides a thorough summary of the present situation regarding tech investment in Europe. A noteworthy finding of the paper is the reduction in funding from Seed to Series C, with a more noticeable effect on later-stage firms. It is anticipated that there would only be 7 new unicorns (startups valued above $1 billion) in Europe this year, compared to 48 in 2022 and 108 in 2021. This is in...
Volocopter Spearheads Europe’s Commitment to Urban Air Mobility
Business, Europe

Volocopter Spearheads Europe’s Commitment to Urban Air Mobility

The European market for urban air mobility is anticipated to reach €4.2 billion by 2030, representing a 31% share of the global industry. While this highly inventive sector presents a chance for economic growth and job creation in Europe, it also creates several governance, regulatory, and infrastructure issues for cities. While it is uncontested that public transportation and active mobility play a crucial part in the green transition, the novel sector of urban air mobility, in which unmanned planes transport passengers and cargo at low altitudes, has yet to establish its worth. Air mobility is predicted to become a reality in Europe over the next three to five years when the airspace above cities becomes an extension of the public space on the ground. Volocoptor, headquarte...
7 Ukraine-based Startups Braving the War to Rebuild the Country
Business, Europe

7 Ukraine-based Startups Braving the War to Rebuild the Country

Early in February 2022, Russia's invasion of Ukraine shook the European VC industry. According to reports, Ukraine has 28 VC-backed firms that raised a total of $10.4M in 2021, even though the Ukrainian startup scene is very tiny compared to other European nations. The country was destined for prosperity, but today, due to offensive Russian militancy, the Ukrainian startup scene of 2022 is battling to stay afloat in the face of war dead and daily threats. Here are 7 Ukrainian startups, from within Ukraine and now migrated, braving the war to rebuild the country with inputs from Ratmir Turchaninov, a copywriter at a Ukraine-based startup SapientPro. Petcube Based in San Francisco, California, United States, Petcube was founded in 2012 in Kyiv, Ukraine, by Alex Neskin, Yaroslav Azhnyuk...
EU Food Delivery Stocks Makes a Comeback; Just Eat Leads!
Business, Europe

EU Food Delivery Stocks Makes a Comeback; Just Eat Leads!

Food delivery in the European stock market is making a comeback. Food delivery stocks such as Delivery Hero SE (ETR: DHER) and Just Eat Takeaway.com NV (LON: JET) appear to be the highest gainers in Stoxx Europe 600 Index in Q2 as companies. Expectations have been buoyed by the surge in the belief that central banks will not excessively raise interest rates to curb inflation. Since June 30th, Just Eat has increased by 53%, and Delivery Hero has increased by 46%, a surprising reversal after both companies were among the top 10 decliners in the first half. The share price of Deliveroo plc (LON: ROO) has increased by 15% from its yearly low. Exactly what investors have been requesting for a long time, the big uptick occurred after the companies prioritized lowering losses and demonstra...
Arrest of Crypto-Laundering Suspect Brings Tornado Cash to Broil
Crypto & NFT, Europe

Arrest of Crypto-Laundering Suspect Brings Tornado Cash to Broil

Dutch authorities arrested a 29-year-old man in Amsterdam for concealing unlawful financial flows and helping crypto laundering via the cryptocurrency service Tornado Cash. The individual dubbed the service's "creator," was caught in Amsterdam on August 10. According to a Friday statement by the Dutch Fiscal Information and Investigation Service, or FIOD, officials had not ruled out the potential of multiple arrests. Tornado Cash is a cryptocurrency mixing service. The internet service enables users to conceal the origin or destination of cryptocurrency transactions, thereby enabling crypto laundering. The (criminal) provenance of cryptocurrencies is frequently not or only minimally verified by such mixing services. Most users of a mixing service do so to increase their anonymity. T...
6 Dutch Health Tech Enterprises Forging New Horizons!
Business, Europe

6 Dutch Health Tech Enterprises Forging New Horizons!

With over 1,100 Dutch health tech enterprises, the Netherlands has established itself as a rising health tech powerhouse covering startups to enterprises over three times that of neighboring Germany. The exponential growth of emerging technologies like data and machine learning, with numerous fascinating applications in the medical profession, has contributed to the health tech industry's precipitous rise. Here are 6 Dutch Health Tech enterprises that are calling the shots! Neogene Therapeutics Amsterdam, Noord-Holland, The Netherlands-based Neogene Therapeutics was founded by Carsten Linnemann, and Ton Schumacher. Neogene Therapeutics is a biotech company providing cancer patients with T-cell therapies targeting mutated proteins called neo-antigens. Neogene Therapeutics is developin...
6 Germany-based Health Tech Startups Driving Innovation
Business, Europe

6 Germany-based Health Tech Startups Driving Innovation

As indicated in the European Regional Development Fund (ERDF – or EFRE, in German) programme and cohesion strategy 2021-2027, as well as the German Lander implementation and tendering of this programme, the Healthcare/Life Sciences (HCT) industry is a focus for both the EU and Germany. Horizon Europe, a European Incentive Program for Research and Innovation approved by the EU Council and Parliament and implemented retrospectively on January 1, 2021, following its final acceptance in April 2021, focuses on health-related R&D and innovation. These 6 Germany-based Health Tech Startups are making a move! Ada Health Berlin, Berlin, Germany-based Ada Health was founded by Claire Novorol, Daniel Nathrath, and Martin Hirsch. Ada Health is a digital health company that helps users assess ...
An Analysis of Ukrainian Startup Scene Amid Russian War
Business, Europe

An Analysis of Ukrainian Startup Scene Amid Russian War

Russia's invasion of Ukraine shocked the whole European VC ecosystem in early February 2022. Albeit the Ukrainian startup scene is relatively small compared to other European countries, Ukraine reportedly had 28 VC-backed companies that collectively raised $10.4M in 2021. The country was growth bound, but now with the offensive Russian militancy, the Ukrainian startup scene in 2022 is struggling to stay afoot amidst war deaths and everyday threats.  To understand the situation better, we spoke with Michael Clouser, CEO and co-founder of The Startup Race. They explained the impact of the Russia-Ukraine War on the overall EU startup ambitions. He said, "As a part of our accelerator services, we write and endorse Startup and Innovator Visas in the United Kingdom. Because of the sudden ...
6 Austria-based GreenTech Startups Approximate EU’s NECPs
Business, Europe

6 Austria-based GreenTech Startups Approximate EU’s NECPs

The EU's 2030 binding climate and energy law compels its Member States to develop national energy and climate plans (NECPs) for 2021-2030. In that context, Austria accounts for 2.2 percent of total EU greenhouse gas (GHG) emissions and has been reducing emissions at a slower rate than the EU average since 2005. The country's carbon intensity is lower than the EU average and has been steadily declining. The country's 2030 renewable energy target of 46-50 percent emphasizes achieving 100 percent renewable electricity generation. On this mission, we review how these 6 Austria-based GreenTech startups contribute to the development of (NECPs). Neoom Group Among the 6 Austria-based GreenTech startups is Freistadt, the Oberosterreich-based Neoom group was founded by Walter Kreisel. The Neoo...
6 Italy-based GreenTech Startups on Greening the Future
Business, Europe

6 Italy-based GreenTech Startups on Greening the Future

Italy, the EU's smallest member state, was massively hit by the COVID-19, followed by an economic recession. Italy revived after the lockdown relaxed in May 2020, helping the manufacturing and construction regain momentum. "The government's initial USD 30m (1.6% of GDP) emergency package was largely directed at healthcare, welfare and emergency support for businesses" with only "13% of the assigned budget tagged for green recovery. The recently announced Italian Recovery and Resilience Plan (RRP) includes investments into measures relevant to the green transition." Source. Amidst challenging times, it is interesting to see how these 6 Italy-based GreenTech startups elicit global attention to cement hope for a greener and sustainable future. Is Clean Air Among the 6 Italy-based GreenT...
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