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📲Swedish BNPL (buy now pay later) giant Klarna has filed for an initial public offering (IPO) in the US. This puts an en...
13/11/2024

📲Swedish BNPL (buy now pay later) giant Klarna has filed for an initial public offering (IPO) in the US. This puts an end to months of speculation that the payments company was preparing for a stock market listing.

🛍️Klarna confidentially submitted a draft registration statement to the Securities and Exchange Commission (SEC) for its IPO, said the company statement. The number of shares to be offered and the price range of the shares are yet to be disclosed. Furthermore, the company remains tight-lipped about the valuation it plans to

👉 Read more here:

🤖What do AI and drones have in common? They drive European defence tech, and their potential is boundless. According to ...
11/11/2024

🤖What do AI and drones have in common? They drive European defence tech, and their potential is boundless. According to a recent Dealroom report, VC investments in this sector have grown fivefold since 2018, outpacing NATO investment growth by 25% and projected to reach $1 billion in 2024.

✈️Three nations dominate, capturing 87% of investment since 2018: Germany, the UK, and France. Munich leads European cities, boosted by Helsing’s recent $487 million raise. Bristol and Paris follow as major defence tech hubs. Meanwhile, dual-use startups — developing technology for civilian and military applications — are gaining momentum.

👉Here are the key players shaping this trend in 2024:

✈️Reports are in, the German flying taxi unicorn Lilium is going through a serious financial crisis. Its main subsidiari...
08/11/2024

✈️Reports are in, the German flying taxi unicorn Lilium is going through a serious financial crisis. Its main subsidiaries in Germany are preparing to file for bankruptcy. This news follows when the German government denied its application for a €50 million loan guarantee, which was crucial for the company’s financial strategy. This denial meant that Lilium could not access a matching €50 million commitment from the State of Bavaria, which had been contingent on federal support.

📉As a result, Lilium’s shares plunged, signalling significant challenges for its ambitious vision in the electric vertical takeoff and landing (eVTOL) sector.

👉 Read more here:

🇺🇸 Kamala Harris may not have attracted enough support after the most intense and polarising presidential campaign in US...
06/11/2024

🇺🇸 Kamala Harris may not have attracted enough support after the most intense and polarising presidential campaign in US history, but this has resulted in Donald Trump returning to the White House. His victory marks a new chapter for US tech businesses and also the global tech sector, which is already preparing for potential policy and regulatory changes under his administration. With key appointments on the horizon, such as potential roles for figures like Elon Musk, and potential shifts in trade tariffs, tech leaders are closely monitoring how these decisions could impact innovation, international trade, and market stability.

📈 As Trump’s administration begins to take shape, leaders across tech and business are assessing their strategies to navigate the regulatory and economic landscape that may emerge. We tracked some of the most influential business leaders for their reaction to the results of the election.

👉 Read more here:

🤖 Do you want to join a programme that has already supported over 170 high-growth startups which have raised £280 millio...
06/11/2024

🤖 Do you want to join a programme that has already supported over 170 high-growth startups which have raised £280 million in grants and £1.46 billion in follow-on equity investment? Apply now here:

📈 The Shott Scale Up Accelerator, powered by the Royal Academy of Engineering, is seeking its latest cohort to develop and elevate the leadership skills of SME leaders across the UK. The programme provides a year of development, access to new networks, and access to exclusive tools to fuel growth.

👉 Read more here:

🤖Sana Labs, a Swedish startup that uses AI to personalise online training for professionals, has landed a $55 million in...
05/11/2024

🤖Sana Labs, a Swedish startup that uses AI to personalise online training for professionals, has landed a $55 million investment at a valuation of $500 million. Led by NEA (recently backed Outrider), the round saw participation from Menlo Ventures and other investors. With this, the total funding raised by Sana accounts for $137 million, including the $28 million Series B round raised last year.

📈The startup will use the new investment to fuel its global go-to-market expansion and accelerate both its AI and experience design R&D.

👉 Read more here:

🤖Budgets, being as much about politics as they are about the nation’s finances, are always contentious. Rachel Reeves’ f...
04/11/2024

🤖Budgets, being as much about politics as they are about the nation’s finances, are always contentious. Rachel Reeves’ first budget, and the first Labour budget since 2010, has certainly not been an exception, with criticism from both the left and right of politics. But what has the tech sector’s response been?

🇬🇧The UK government has, for decades, sought to highlight its tech credentials, highlighting the sector as the key to economic growth. Unfortunately, the tech sector response to this budget suggests the Chancellor is not off to a good start.

👉 Read more here:

🥨The Bits and Pretzels conference, held in Munich last month, was a must-attend for European startups. And for those loo...
30/10/2024

🥨The Bits and Pretzels conference, held in Munich last month, was a must-attend for European startups. And for those looking to expand into the UK, the session How to Master a UK Launch: Craft Your Story, Drive Brand Fame led by Lydia Hoye, Founder and Managing Director of Bound to Prosper Communications offered the opportunity to learn from experts how to successfully launch to the UK market.

🤖The panel session included TFN’s Founder and Editor-in-Chief, Akansha Dimri as one of the members and Rob Reames, Managing Director at Shaken Udder and former VP Europe, Planted. Here, we share the key advice shared by panellists for those looking to overcome the post-Brexit challenges and conquer the world’s sixth-largest economy.

👉 Read more here:

💼 With 35% of workers in the UK aged 50 and over, it is worrying that the research indicates that 59% of recruiters admi...
25/10/2024

💼 With 35% of workers in the UK aged 50 and over, it is worrying that the research indicates that 59% of recruiters admit to making age-based assumptions.

📈 TotalJobs research found that three quarters of full-time employees 55 and over would be open to work beyond the retirement age. That, it says, is of huge benefit with the potential to add £11.9 to £23.5 billion to the UK economy annually.

👉 Read more here:

🤖 Mira Murati, the former CTO of OpenAI, departed from the ChatGPT developer last month. Now, Reuters reports that she i...
23/10/2024

🤖 Mira Murati, the former CTO of OpenAI, departed from the ChatGPT developer last month. Now, Reuters reports that she is raising VC funding for her new AI startup. While she left OpenAI, Murai left a post on X that she was stepping away but did not reveal her plans.

📈 It is reported that the startup will develop AI products using proprietary models. However, it is unclear if Murati will take on the role of CEO. While discussions haven’t been finalised, the startup could raise over $100 million, for Murati’s reputation is known.

👉 Read more here:

🏦📈 Alexandre Prot on the journey to establishing Qonto as Europe’s leading business finance solution, navigating complex...
21/10/2024

🏦📈 Alexandre Prot on the journey to establishing Qonto as Europe’s leading business finance solution, navigating complex regulatory landscapes, staying ahead of rapidly evolving technologies, scaling across eight European markets, and building a talented team of 1,600 people across Europe, gaining the trust of 500,000 European SMBs and freelancers.

🤖 In this article, Prot shares five key lessons that have been instrumental in the growth and success in the world of financial technology: #ʟɪɴᴋɪɴʙɪᴏ

🇧🇪 Belgium’s technology sector has rapidly evolved into one of Europe’s most innovative industries, with digitalisation ...
18/10/2024

🇧🇪 Belgium’s technology sector has rapidly evolved into one of Europe’s most innovative industries, with digitalisation leading the charge. In just six months of 2024, Belgian tech companies have surged ahead, securing over €500 million in investments, a significant leap from the previous year’s funding of €424 million, as Syndicate One, Bain & Company, and Sofina reported.

👉We took a deep dive into the State of Belgian Tech Report 2024, and here’s what we found out:

🌌The European spacetech industry in 2024 is experiencing significant growth, driven by increased investment and innovati...
17/10/2024

🌌The European spacetech industry in 2024 is experiencing significant growth, driven by increased investment and innovation. Key reports highlight the increasing role of commercial space activities and European startups.

🛰️, The Exploration Company (TEC), a Munich and Bordeaux-based spacetech startup is closer to securing €150 million in funding. This new investment round would take the company’s valuation to around €450 million. This follows the $750 million funding raised last year co-led by EQT Ventures. This latest funding is likely to involve new investors such as Balderton Capital.

👉 Read more here:

🤖 Remember the AI-generated image of a Cybertruck teased by Elon Musk, CEO of Tesla a few months back? It created a fren...
16/10/2024

🤖 Remember the AI-generated image of a Cybertruck teased by Elon Musk, CEO of Tesla a few months back? It created a frenzy as Tesla enthusiasts were looking forward to this futuristic Cybertruck variant. Now, Musk has introduced the Cybercab, an autonomous electric vehicle, ahead of the invite-only “We, Robot” event.

👉 TFN takes a look at the Cybercab, and the other tech introduced at the event:

🏦 Monzo hits record high £4.5B valuation: Everything you need to know the 3rd most valuable neobank in Europe. 📈 Monzo’s...
15/10/2024

🏦 Monzo hits record high £4.5B valuation: Everything you need to know the 3rd most valuable neobank in Europe.

📈 Monzo’s valuation comes as the company continues to expand its product offerings and user base. The British fintech initially made waves with its mobile banking app and user-friendly features, rapidly gaining traction among younger users who prefer a fully digital banking experience.

👉 Read more here:

🌍🌱Climate tech continues to dominate Europe’s investment landscape, attracting increasing attention from VCs, private eq...
09/10/2024

🌍🌱Climate tech continues to dominate Europe’s investment landscape, attracting increasing attention from VCs, private equity, and other investors. This trend is supported by a robust network of European and international backers, including the EIC Fund, BPIFrance, and Antler, among others.

📈Now, Amazon Web Services (AWS) has just announced Amazon Clean Energy Accelerator 4.0 is the fourth iteration of Amazon’s accelerator program aimed at supporting innovative startups that are developing clean energy technologies and solutions.

👉Hence, we at TFN decided to handpick those based in the Europe from the list and check out their developing breakthrough technologies:

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