VC investment in European defence tech to hit record $1B in 2024, report finds

Sep25
by on September 25, 2024 at 11:01 pm
Posted In: Uncategorized


Following a five-fold growth since 2018, VC investment in Europe’s defence tech is set to hit a record year in 2024, as it’s on course to reach $1bn. According to a new Dealroom report, Europe is now at the heart of an investment surge, as governments turn to the defence tech sector to strengthen national security in response to escalating geopolitical instability. “As we face war on European soil for the first time in decades, the urgency to strengthen our security and build a modern defence software stack has never been greater,” said Jeannette zu Fürstenberg, managing director and head…

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London, Paris, Amsterdam are the leading VC ecosystems in Europe, report finds

Sep24
by on September 24, 2024 at 11:13 am
Posted In: Uncategorized


London, Paris, Amsterdam, and Berlin are the leading VC ecosystems in Europe, but the region is significantly lagging behind the US and Asia. That’s according to the latest report by Pitchbook analysts, who ranked global VC ecosystems based on their development and growth level. They used data related to deals, exits, fundraisings, and overall activity from the last six years, between Q3 2018 and Q2 2024. The development rankings are based on size and maturity, while the growth rankings are based on short-, medium-, and long-term growth momentum. Only two European cities among the best-developed ecosystems Only London and Berlin…

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Future Tech Ventures launches with €20M fund for startups in Northern Netherlands

Sep20
by on September 20, 2024 at 2:48 pm
Posted In: Uncategorized


Future Tech Ventures (FTV), a new venture capital firm focusing on startups in the Northern Netherlands, officially launched yesterday in Groningen. FTV debuted with a €20mn fund that will support at least 50 high-tech startups in the proof-of-concept phase. The investment period is set between 2024 and 2029. “Startups are often in a very early phase where funding is difficult to secure, and there are significant risks related to technology, market, and team,” Niek Huizenga, fund manager at FTV, said in a statement. For this reason, the VC firm is also offering business support, networking opportunities, and guidance. The fund was…

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BMW-backed DeepDrive raises €30M to industrialise ultra-efficient EV motor

Sep20
by on September 20, 2024 at 10:17 am
Posted In: Electric vehicle


German startup DeepDrive has bagged €30mn to scale up its electric motor technology that promises to boost EV range to over 800km — without any changes to battery capacity. Founded in 2021, DeepDrive claims its dual-rotor motor boasts the highest torque and power density of any EV motor available today. It also has low noise emissions, and is built using far fewer rare earth materials.   DeepDrive says its technology can make electric cars 20% more energy efficient, enabling automakers to build EVs with greater range at a lower cost.   DeepDrive is currently co-developing its electric motors with eight  of the…

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NATO’s first quantum tech investment goes to Southampton startup

Sep19
by on September 19, 2024 at 2:43 pm
Posted In: Uncategorized


The NATO Innovation Fund (NIF) has announced its first investment in quantum tech, leading a €5mn seed round. The recipient is Southampton University spinout Aquark Technologies, which has developed a unique quantum sensing technology. Aquark’s patented cold atom system can be used as an alternative position, navigation, and timing (PNT) device, independent from satellites and thus immune to external tampering such as GPS interference. Doing away with the cumbersome magnetic traps Aquark calls itself a miniaturisation company. It specialises in micro-fabrication and vacuum technology. However, what really sets it apart, is that it has found entirely new ways of trapping…

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