Sweden’s node.vc closes €71M fund for early-stage Nordic startups

Stockholm-based node.vc has closed a €71mn fund to back early-stage startups in the Nordics. “The Nordic tech ecosystem is thriving, especially in areas like AI, gaming, fintech, and climate tech,” John Elvesjö, managing partner at node.vc, told TNW. “We’re seeing...

October 16, 2024

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

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

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...

September 20, 2024

New €2M fund launches for Dutch early-stage tech startups

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New €2M fund launches for Dutch early-stage tech startups

A group of sixentrepreneurs and angel investors have announced today the launch of their first fund, aiming to support Dutch early-stage tech startups. Named the Dutch Operator Fund I, it has raised €2mn in capital. The amount is backed by...

August 26, 2024

Norway wealth fund thanks tech for $138B, but worries about stock

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Norway wealth fund thanks tech for $138B, but worries about stock

Norway’s sovereign wealth fund is celebrating a $138 billion profit from the first half of the year, but has put the champagne on ice. The $1.6 trillion fund credited the returns to investments in tech. Driven by surging demand for...

August 14, 2024

Balderton Capital announces $1.3B fund for European tech

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Balderton Capital announces $1.3B fund for European tech

Balderton Capital today announced the closing of its $1.3bn early stage and growth funds in a sign of the European tech sector regaining investor confidence and momentum. We are often disconcerted at the lack of support for European entrepreneurship and...

August 12, 2024

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Icelandic VC closes $87M fund as country’s startup scene comes of age

Amid increasing interest in Iceland’s tech ecosystem, Reykjavik-based Frumtak Ventures has closed a $87M fund aimed at local startups. This is the venture capital firm’s fourth fund, following a €57mn predecessor in 2021. While sector-agnostic, Frumtak Ventures has so far...

July 10, 2024

Elon Musk’s xAI raises $6 billion to fund its race against ChatGPT and all the rest

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Elon Musk’s xAI raises $6 billion to fund its race against ChatGPT and all the rest

Elon Musk founded xAI last summer, and today it announced raising $6 billion in funding, saying it will help bring the startup’s “first products to market, build advanced infrastructure, and accelerate the research and development of future technologies.” So far,...

May 27, 2024

US to fund digital twin research in semiconductors

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US to fund digital twin research in semiconductors

The Biden administration wants to attract companies working on digital twins for semiconductors using funding from the $280 billion CHIPS and Science Act and the creation of a chip manufacturing institute. The CHIPS Manufacturing USA institute aims to establish regional...

May 6, 2024

Dutch deep tech fund for photonics startups reaches €75M after second close

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Dutch deep tech fund for photonics startups reaches €75M after second close

PhotonVentures, a Dutch deep tech fund aiming to boost Europe’s photonics industry, has closed its second fundraising round with over €15mn — bringing its total capital to €75mn. The fund targets startups and scaleups developing solutions with photonic chips for...

April 16, 2024

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Italy sets up €1B AI fund, mulls new penalties for the tech’s misuse

Backed by state lender Cassa Depositi e Prestiti (CDP), Italy is committing €1bn to AI development over the course of the next five years. Prime Minister Giorgia Meloni first announced the plan for a dedicated AI fund last month. “The...

April 9, 2024

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