Latest from Mike Butcher
Paddy Cosgrave returns as Web Summit CEO after resigning over Israel/Gaza controversy
Paddy Cosgrave, the co-founder of the Web Summit tech conference, is returning to his role as CEO after resigning in October over controversial statements he made about the Israel/Gaza war…
Against games industry doldrums, Bitkraft Ventures raises $275M to back studios and platforms
Bitkraft Ventures — a games investor based out of Denver, Colorado, but with European founders — is raising its third fund, coming in at $275 million. The fund will make…
A new games-focused VC in Turkey shows the industry there continues to gain steam
Turkey has gained a well-earned reputation as being a veritable cauldron of mobile games startups, leading to the rise of VCs dedicated to the sector. The latest to join this…
Buy now, pay later on a Porsche? Zaver now has $30M to make it a reality
We last checked in on Zaver, a Swedish B2C buy-now-pay-later (BNPL) provider in Europe, when it raised a $5 million funding round in 2021. The company has now closed a…
New study of unicorn founders finds most are ‘underdogs,’ and female founders are rising
A new study that zeros-in on the founders of so-called “unicorns” — companies worth over a billion dollars — has found most have “underdog” founders who are often drawn from…
Boeing CEO to leave company by year-end after a wave of safety incidents
Boeing’s chief executive Dave Calhoun will leave the plane-maker by the end of 2024, according to the company. The company has been rocked by controversy after a cabin panel blowout…
1991 Ventures in London joins the growing list of VCs aimed at Ukrainian startups
U.K.-based limited partners Venrex and Samos Investments are this week backing the launch of a new VC primarily aimed at investing in startups led by Ukrainians inside and outside the war-torn country.…
World Fund closes first €300M climate tech fund, seeking to follow on and back hardware
After three years of efforts, World Fund has finally closed a €300 million first fund, €50 million short of its target in 2021, but still a considerable number given a…
Healthcare platform Anima brings Salesforce-like capabilities to clinics, raises $12M
Globally, healthcare IT systems are groaning under the weight of legacy platforms. Thankfully, there’s a new wave of startups entering the arena: U.K. startup Anima is a “care enablement” platform…
Cure51 raises a €15M seed round aiming to crack the code on cancer survival
Rather than grimly assembling data about cancer deaths to predict outcomes in treatment, the founders of Cure51 had another idea.
Inclusivity-focused VC Ada Ventures pulls in $80M for second fund
U.K.-based Ada Ventures is an unusual VC. Instead of just talking about SaaS or AI, it hunts down founders addressing inclusivity and diversity. Instead of confusing LPs with this methodology,…
‘Banking-as-a-Service’ startup Griffin raises $24M as it attains full banking license
Founded by former Silicon Valley engineers, UK-based Griffin Bank, has now raised $24 million (£19 million) in a fresh, extended Series A, funding round.
LLMs are poised to make lumbering business intelligence tools easier and faster to use
UK startup Fluent has closed a $7.5M seed round to apply LLMs to business databases, making them far easier to interrogate.
This Swedish startup wants to reduce the cost, and controversy, around stem cell production
With the news that “mini organs” have been grown for the first time using human stem cells, this futuristic area of bio-medicine is clearly accelerating by leaps and bounds. However,…
New report confirms Europe’s tech investment doldrums, but there are signs of life
Europe is suffering from a big hangover after the tech investment party of the 2020-2021 period. That said, compared to pre-pandemic levels, VC investment in European startups is up, historically…
MWC: Swayy app lets you share your future location with close friends, or groups you curate
Given that this week Instagram revealed that it was developing a “Friend Map” feature, it was interesting and timely to run into a startup during Mobile World Congress that plans…
The five finalists to emerge from the Four Years From Now 2024 pitch competition
Update: Qilimanjaro was chosen as the winner and awarded €20,000. Long ago Mobile World Congress, which we’ve been covering all week, absorbed a side event for startups, the idiosyncratically named “Four…
Spain’s Embat, which has raised $16M, plans to compete with Trovata in real-time accounting
For obvious reasons, financial teams can spend a great deal of time on corporate treasury management, accounting and bank reconciliation, so anything that speeds up that process usually garners a…
Displace plans new models, new AI features for its ‘wireless’ TVs
At CES 2023, a startup hardware company called Displace launched its 55-inch ‘Display Flex’, a “wireless” $3,000 4K OLED TV which sticks to walls without a traditional mounting. The launch…
Doublepoint launches its WowMouse gesture-touch control app for Pixel Watch 2
Admittedly, Apple iWatch users have had it since October last year, but as of today at Mobile World Congress, the Doublepoint startup has launched the updated version of its popular…
Two years since Russia’s invasion, Ukraine’s startups soldier on
This weekend marks exactly two years since Russia’s illegal, unprovoked and brutal invasion of Ukraine. Despite overwhelming odds and continued hiccups in the supplies of Western aid to fight off…
$13M and 3 years later, Superlist hopes to become a decacorn. But will it?
The former founder of a to-do lists app which sold for as much as $200 million, comes back, nine years later, with yet another app to do the same thing.…
Klaus — an Estonian-born startup which emerged in 2019 to aid customer services agents — has been acquired by global customer services platform Zendesk for an undisclosed amount. Last year…
As Iran-backed groups attack Red Sea ships, investors are backing startups assisting global cargo
Multiple shocks to global supply chains brought about first by the pandemic and more recently by Iran-backed Houthis targeting cargo ships in the Red Sea have shown there’s a need…
Open source ‘headless commerce’ builder Saleor closes $8M round led by Target Global and Zalando
Saleor’s API for e-commerce does the back-end heavy lifting for online shopping while developers produce a bespoke front end.
As Podcastle raises $13.5M, its founder credits AI-driven growth in Armenia’s ‘Mini-Silicon Valley’
Podcastle, a podcasting platform that has boosted its product with various generative AI-driven features, has raised $13.5 million in a Series A funding round led by Mosaic Ventures. Also participating…
MessageBird rebrands as Bird, and slashes prices by 90% on SMS to take on Twilio
No, don’t think Bird Scooters. Think Bird, formerly MessageBird. For the Amsterdam-based unicorn is now re-branding as such after reportedly acquiring the Bird.com domain name a couple of years ago,…
Signaling more consolidation may come, smart-bus startup Zeelo acquires Kura, a smaller player
A small U.K. startup that combined a school bus service with a software platform to safeguard pupils has been acquired by “smart buses” startup Zeelo, which last year raised a…
Amid a fairly flat European market, Giant Ventures raises $250M to invest transatlantically
Giant Ventures, a U.K.-based VC that has made a habit of investing on both sides of the Atlantic, is launching two new funds, totaling $250 million. Its previous fund totaled…
SMOK VC’s second fund is another signal that Poland’s tech scene is hitting its stride
In 2007 I was running late for my speech at the Polish Stock Exchange, but the cool reception I received there suggested I should perhaps not have bothered. Speaking about…