UK agtech startup WeFarm raises $13m in Series A funding round

London based startup WeFarm has raised $13 million in a Series A funding round, to build its network of smallholder farmers, agricultural suppliers, services, and informational resources, according to TechCrunch and EU-startups.com. Globally, there are more than one billion people involved in smallholder farming, making it the world’s largest industry. Together, these farmers grow roughly 70 percent […]

Volkswagen aims to surpass Tesla with expanded production of electric cars

Volkswagen aims to surpass Tesla with expanded production of electric cars

Volkswagen is stepping up electric car production to compete with Tesla, aiming to produce roughly 1 million electric vehicles by 2022, according to Reuters. Production will be concentrated at two factories in China, with a combined production capacity of 600,000 vehicles.  Tesla is building its own new plant in Shanghai, as part of an effort to […]

Macron nominates Atos CEO Thierry Breton for EU commissioner ​​

Macron nominates Atos CEO Thierry Breton for EU commissioner ​​

French President Emmanuel Macron has nominated Thierry Breton, former finance minister and current chief of technology company Atos, as the nation’s EU commissioner, according to The Independent.  Macron’s initial pick for commissioner, Sylvie Goulard, was rejected by the European Parliament, which must approve the nominations. Breton could be well-positioned to gain the approval of the conservative European […]

De La Rue’s Bid to Return to Circulation

De La Rue, the British firm which has printed roughly a third of all banknotes currently in circulation, has recently come to be better known for its long list of scandals. Last year, the company was left red-faced after it was drastically underbid by European competitor Gemalto to produce UK passports; just months ago, the […]

UK medtech startup Mogrify raises $20 million to develop innovative cell therapies

The Cambridge-based medtech startup Mogrify has raised $20 million to develop cutting-edge, life-saving cell therapies to treat cancer, autoimmune, respiratory, and musculoskeletal diseases, according to TechCrunch.  After raising $4 million in seed funding earlier this year, they’ve now raised another $16 million in Series A funding, from investors including Ahren Innovation Capital, Parkwalk Advisors, 24Haymarket, and the University […]

Visa, Mastercard, and eBay abandon Facebook’s Libra cryptocurrency project

Facebook’s Libra cryptocurrency project suffered a major setback on Friday with the withdrawal of Visa, MasterCard, eBay, and other payment firms, according to BBC News and Ars Technica. PayPal had already announced plans to withdraw from the project last week. The companies were slated to join the Libra Association, a Geneva-based organization that would develop and manage the […]

German startup Lilium reportedly seeks over €450m in funding for air taxis

The German “flying car” startup Lilium is talking to investors in an effort to raise up to $500 million (€453 million) in a new funding round, sources told TechCrunch. Fundraising on that scale would mark the most capital yet raised by an air taxi startup, and could move the prospect closer to becoming a reality.  Lilium […]

Berlin-based medical reference platform Amboss raises €30 million in Series B funding

The Berlin-based startup Amboss has raised €30 million in Series B funding, to develop its learning and reference platform for doctors, according to TechCrunch. Amboss was first launched in 2014 as a study tool for medical students, but has since developed into a quick and convenient reference source for medical staff to use on the job.  […]

Macron announces €5 billion in funds to develop tech startups

President Emmanuel Macron announced last week that investors have pledged €5 billion to develop France’s fledgling, homegrown tech startups into larger companies. The government has already provided tax cuts and subsidies to assist startups, as well as a fast-track visa to attract foreign workers. But while Silicon Valley startups often see investment from venture capital […]

Google invests €3 billion to expand data centers in Europe, with a focus on clean energy

Google has announced plans to invest €3 billion to expand its data centers in Europe over the next two years, with a focus on sustainability and clean energy, according to Tech Crunch.  The company’s data centers are hubs for digital storage, networking, and cloud computing for its services, allowing data to be stored online instead of […]