Report: European VC deals continue to sink amid economic downturn

Jul06
by on July 6, 2023 at 5:05 am
Posted In: Uncategorized


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 fell quarter-on-quarter from 2,625 to 1,824. Nearly 40% of those deals were made by early stage VCs, followed by later stage funds at 31.2%, and angel and seed investors at 28.1%. Based on this data, Pitchbook estimates a €31.5bn value across 4,449 deals for the…

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The startups on a mission to upgrade Ireland’s meagre EV charging network

Jul05
by on July 5, 2023 at 6:00 am
Posted In: Electric vehicle


Next month, 50 homeowners in Ireland will start renting out their home electric car charging points to their neighbours with the help of a new app. It’s “the Airbnb of electric vehicle (EV) home chargers,” says GoPlugable co-founder Maebh Reynolds. The app’s trial launch will be limited to that first group of 50 people who have their own charging point at home, and around 50 people with electric cars who would like to park up and pay to use them. If all goes well, a wider public launch could follow in September or October.  “We are drastically falling behind in…

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4 European travel hotspots where you can live your best digital nomad life

Jul04
by on July 4, 2023 at 9:00 am
Posted In: Future of Work


It’s summertime and the peak holiday period is upon us. Global air travel looks set to return to its pre-Covid levels this year, representing a return to the air for both business travellers and holiday-makers. And, sometimes, travellers might tick both boxes. Following the provisions made for remote working during the pandemic, more and more work is being done by distributed teams and remote workers. And while it’s commonly called “work from home”, remote work can really mean “work from anywhere” –– as long as there’s a good internet connection. For employees allowed this level of flexibility, some attractive destinations…

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European companies hate the EU’s new AI rules — here’s why

Jun30
by on June 30, 2023 at 3:01 pm
Posted In: Uncategorized


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 many. Their target is the impending AI Act. Billed as the world’s first comprehensive legislation for the tech, the new rules are trying to walk the fine line between ensuring safety and supporting innovation. The new letter, signed by executives at some of Europe’s biggest companies,…

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Euclid telescope set to embark on dark universe exploration mission

Jun30
by on June 30, 2023 at 1:51 pm
Posted In: Uncategorized


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 on a month-long journey to reach its destination at a position in space known as the second Lagrange point (L2) — located 1.5 million kilometres away from our planet. There, it will be able to observe deep space, with the sun, the Earth, and the moon…

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