German climate tech VC raises ‘record-breaking’ €300M first fund

Mar21
by on March 21, 2024 at 11:01 pm
Posted In: Uncategorized


Berlin-based World Fund has filled its coffers with €300M, in what it claims to be the largest first-time fund raised by any climate tech VC in European history.  Founded in 2021, World Fund invests in startups building tech to decarbonise industries from energy and buildings to transport and agriculture. It has already backed 15 early-stage companies, including SpaceForge, which manufactures materials in orbit, and Slovenian startup Juicy Marbles, which makes fake meat whole cuts.  “We look for founders building companies and technologies with the potential to scale, deliver significant cuts in CO2 emissions, and power systemic change,” Danijel Visevic, managing…

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This startup is building AI that can fly drones and make its own decisions

Mar20
by on March 20, 2024 at 6:08 pm
Posted In: artificial intelligence


The debate on how far artificial intelligence can go revolves around questions about what actually constitutes human intelligence, and can a machine function similarly enough to a human brain? While not shooting for AGI, UK-based Stanhope AI is building its models according to neuroscience principles, and using the predictive, hierarchic machinery that make up our brains for inspiration.  The result is an AI that doesn’t need training. It basically just needs to be told that it exists, provided a prior system of beliefs  — and then take off (literally) into the real world and learn from its surroundings using sensors.…

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Urban mobility leader Cowboy launches Cross, first all-road ebike model

Mar19
by on March 19, 2024 at 11:01 pm
Posted In: Electric vehicle


Have you tried your first ebike yet? Despite being surrounded by them on a daily basis in Amsterdam (only mildly bitter as they whizz past me while I struggle against the notorious always-in-your-face wind resistance), I must confess that I had yet to actually try one until last week, when I attended a demo event for the new Cowboy Cross. As a result, I have nothing to compare it with, and cannot for certain attest to it being the “pinnacle of smart, secure, and versatile cycling,” as marketed by the company. However, it did make for a fun and very…

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How hydrofoil boat startup Candela took a wild idea and made it fly

Mar19
by on March 19, 2024 at 4:00 am
Posted In: Uncategorized


In 1906, inventor Enrico Forlanini launched the first hydrofoil boat on Lake Maggiore in the Italian alps. His contemporary innovator Alexander Bell later said a ride on Forlanini’s invention was “as smooth as flying.” Fast forward a little over a century to 2014, when Gustav Hasselskog quit his corporate job because he was bored. Seeking a new challenge, he came up with the idea for his own flying boat, powered by electricity. People thought he was crazy — he’s gone on to prove them wrong.     Swedish startup Candela has since built hundreds of hydrofoil boats, grown its team to over…

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Riddled with debt, Sweden’s Embracer sells Star Wars game maker for $500M

Mar15
by on March 15, 2024 at 2:38 pm
Posted In: gaming


Swedish gaming company Embracer Group has sold a big chunk of one of its biggest subsidiaries, US-headquartered Saber Interactive, in a deal totalling $500mn.  The buyer is Beacon Interactive, a holding company recently formed by none other than Saber’s own co-founder Matthew Karch. In a letter shared with Bloomberg, Karch said he was buying back the rights to his company and many of its studios because “they represent the best of what Saber is and can be.”  Saber Interactive is currently overseeing the development of 38 games, including Warhammer 40,000: Space Marine 2, John Carpenter’s Toxic Commando, and Jurassic Park:…

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