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id | date | title | slug | Date | link | content | created_at | feed_id |
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42,613 | 29/04/2024 07:50 PM | Elon Musk Can't Solve Tesla’s China Crisis With His Desperate Asia Visit | elon-musk-cant-solve-teslas-china-crisis-with-his-desperate-asia-visit | 29/04/2024 | Tesla's deal with Baidu isn't new, the mapping data Tesla will collect likely can't leave China, and Full Self Driving can't compete with the more advanced Chinese alternatives. | 29/04/2024 08:04 PM | 4 | |
42,612 | 29/04/2024 02:48 PM | French startup bags €2M to make cancer clinical trials more accessible | french-startup-bags-euro2m-to-make-cancer-clinical-trials-more-accessible | 29/04/2024 | Paris-based Klineo has raised €2mn for its AI platform that facilitates access to cancer clinical trials. Klineo’s platform connects doctors and patients directly with relevant clinical trials. It provides trial search, contact with medical centres, as well as real-time updates and notifications when a new clinical trial matches the patient’s criteria. The startup’s solution currently covers trials on skin cancer, breast cancer, and lymphoma. Klineo was founded in 2021 by oncologist Dr Arnaud Bayle and two engineers, Thomas Peyresblanques and Nicolas Drizard. The startup aims to accelerate the inclusion of patients in clinical trials, which play a key role in… This story continues at The Next Web |
29/04/2024 03:05 PM | 3 | |
42,611 | 29/04/2024 02:12 PM | Monzo to top up funding round to £500m, says report | monzo-to-top-up-funding-round-to-pound500m-says-report | 29/04/2024 | Monzo is reportedly topping up its recent fundraising round, with new investment from an early backer of Airbnb, bringing the overall funding round to around £500m. The report says that the UK challenger bank, which now has more than nine million customers, has agreed on terms with Hedosophia, an early backer of Airbnb and Uber as well as Wise, and Singapore's Government Investment Corporation (GIC) to participate in the top up round. It says that GIC was investing over £50m, with Hedosophia also committing tens of millions of pounds to the round. The new funding would add to its recent £340m fundraise, which valued Monzo art around £4 billion, bringing the round’s total to around £500m. The report says details of the extended funding could be announced as early as this week week by Monzo. Monzo is now profitable and in a recent interview its CEO TS Anil said it had pulled away from challenger rivals like Starling and Revolut. Founded in 2015, Monzo is largest digital bank in the UK and the 7th largest UK bank by customer numbers. Monzo declined to comment on the report by Sky News. |
29/04/2024 02:34 PM | 1 | |
42,608 | 29/04/2024 02:01 PM | OpenAI to train LLMs on Financial Times content — with permission | openai-to-train-llms-on-financial-times-content-with-permission | 29/04/2024 | The Financial Times (full disclosure — the owners of The Next Web) have inked a deal with OpenAI. The American firm will use the British publisher’s content to train its generative AI models. The deal is the latest in a string of new partnerships between OpenAI and global news publishers like Axel Springer, Associated Press, and Le Monde. The company did not disclose the financial terms of any of the contracts. In 2023 alone, hundreds of pages of litigation and countless articles accused tech firms of stealing artists’ and publishers’ work to train their AI models. OpenAI has come under… This story continues at The Next Web |
29/04/2024 02:04 PM | 3 | |
42,607 | 29/04/2024 02:00 PM | Invest Europe's PE at work report: PE and VC-backed companies drive job creation | invest-europes-pe-at-work-report-pe-and-vc-backed-companies-drive-job-creation | 29/04/2024 | Job creation in PE and VC-backed companies rose by 7.2 percent in 2022, new data from Invest Europe reveals. PE and VC-backed companies continue to outpace the average job creation rate, which rose by 2 percent. 2022 was the fifth straight year of positive job creation well in excess of the European average. Private equity and venture capital portfolio companies created 451,511 jobs in 2022, roughly equivalent to the entire working population of Latvia. All segments of the industry recorded job creation rates well ahead of the European average, led by venture capital-backed companies which added 18% more jobs, representing 83,966 new workers hired. Buyout-backed portfolio companies created most new jobs, hiring 242,334 more people, a 6% increase. The industry supported 10.9 million workers across the continent at the end of 2022, equating to 5% of the continent’s workforce and more than the population of the Czech Republic. Buyout firms backed 5.5 million workers, roughly three times the working population of Berlin, while jobs supported by the VC segment exceeded 1 million for the first time in the study. The Information & Communications Technology (ICT) sector was the third-largest employer and the fastest-growing in 2022, adding 13.8% more jobs. The Biotech & Healthcare, Energy & Environment, and Financial & Insurance Activities sectors all recorded high-single-digit employment growth in 2022, underlining European private equity’s strength in vital growth industries. Eric de Montgolfier, CEO of Invest Europe, commented: “When we first published our Private Equity at Work report our aim was to set the record straight on employment and show that private equity and venture capital does not destroy jobs, but rather creates them. The data speaks for itself and demonstrates what the industry really can deliver, from year to year and over longer time frames.” “Wherever you look, European private equity and venture capital is investing to create jobs, thereby supporting businesses and economies, as well as people and communities. It is fuelling innovation and talent, and taking a lead on sustainability and the skills needed. This is an industry entirely focused on sustainable value creation.” |
29/04/2024 02:04 PM | 1 | |
42,609 | 29/04/2024 01:50 PM | Register now for the Innovation Radar Bridge side event at this year’s EU-Startups Summit | register-now-for-the-innovation-radar-bridge-side-event-at-this-years-eu-startups-summit | 29/04/2024 | The intersection of startups and policy is more critical than ever, and on May 10th, the Innovation Radar Bridge event will serve as the nexus for these discussions, taking place inside the EU-Startups Summit. Drawing together a diverse array of stakeholders including EU-funded innovators, investors, corporates, policymakers, and media, this event promises to be a… This content is for members only. Visit the site and log in/register to read.
The post Register now for the Innovation Radar Bridge side event at this year’s EU-Startups Summit appeared first on EU-Startups. |
29/04/2024 02:04 PM | 6 | |
42,610 | 29/04/2024 01:49 PM | Robert Abela, Malta’s Prime Minister, will speak at this year’s EU-Startups Summit! | robert-abela-maltas-prime-minister-will-speak-at-this-years-eu-startups-summit | 29/04/2024 | We are thrilled to announce that Dr. Robert Abela, Malta’s Prime Minister, will join us at this year’s EU-Startups Summit for a warm opening and welcome to everyone at this wonderful location. Before becoming Prime Minister, Dr. Abela has had a distinguished career, working within the family law firm and serving as a legal consultant… This content is for members only. Visit the site and log in/register to read.
The post Robert Abela, Malta’s Prime Minister, will speak at this year’s EU-Startups Summit! appeared first on EU-Startups. |
29/04/2024 02:04 PM | 6 | |
42,605 | 29/04/2024 12:39 PM | Starling Bank's SaaS business can be bigger than the bank, says its boss, who has no ambitions to be a future Starling CEO | starling-banks-saas-business-can-be-bigger-than-the-bank-says-its-boss-who-has-no-ambitions-to-be-a-future-starling-ceo | 29/04/2024 | The youthful-looking boss of Starling Bank’s Software as a Service (SaaS) business has ruled himself out as a future CEO of one of the UK’s most famous challenger banks. Sam Everington, the 37-year-old CEO of Engine, didn’t apply for the job of Starling Bank CEO this time around (Raman Bhatia, the CEO of energy firm Ovo, got the nod) either. Everington says tech is his métier. Everington says: "I did not apply for it. I wouldn’t consider myself for that kind of job. I am a product and technology person; I enjoy the technology side of the business.” No to Starling CEO role What about Starling CEO Sam Everington in the future? “I can’t see that happening. I spend a lot of time with Raman at the moment. He is going to be brilliant for the organisation,” he says. It seems that Bhatia, who is publicly slated not to join Starling until the early summer, is already making manoeuvres within the challenger bank. The question about Everington applying for the role as CEO of Starling, which has three million plus customers, might not be that far-fetched. Starling man A former consultant, Everington was with Starling since it was a twenty-something-strong startup (his Starling claim to fame is he pushed the button which launched the challenger bank), holding a slew of high profile roles before taking up the CEO role of Engine in 2022; he also sits on Starling’s executive committee. Moreover, SaaS businesses like Engine are voguish, the talk of the town, attracting tens of millions of pounds in investment; Starling chief financial officer Declan Ferguson is certainly a fan, proclaiming that Starling could end up looking more like a software business rather than a bank in the future. In the debit column, the well-spoken executive lacks top-level banking experience. Salt Bank Everington is speaking to Tech.eu. on the back of eye-catching figures publicised by Engine, a suite of technologies that Starling was built on and which the challenger bank now sells to financial institutions around the world. The figures relate to Salt Bank, Engine’s first overseas client, a Romanian digital bank launched by the Bank of Transylvania, the biggest bank in southeastern Europe, powered by Engine’s software. Engine’s tech helped launch Salt at breakneck speed, in under 12 months, the press release trumpets. 100,000 customers onboarded in two weeks and Salt is now the most downloaded financial app in Romania, it declares. Job’s a good’un. 12-month deadline key Goosing the Engine and Salt teams to get Salt Bank up and running within 12 months was key, says Everington. He says most management teams are loathe to sign off on longer, more expensive projects to transform their banks or launch new digital banks. As for Salt Bank's 100,000 customers in under two weeks, Everington points out it took Starling around nine months to hit that milestone. The launch of Salt Bank (which Engine was only a small part of) involved between five and 10 Engine staffers working out of Bucharest with the Salt Bank team, says Everington, who also made frequent visits to Romania. And what was the project’s biggest challenge? He says co-ordinating across multiple countries and multiple organisations in a tight time scale. The Engine proposition Starling launched Engine as a subsidiary business in 2022, as the challenger bank u-turned on its global strategy. It axed plans to grow Starling across Europe through a European banking licence, instead opting to provide its tech on a SaaS basis to banking partners. But some have questioned whether the move is misguided and that priorities are now conflicted. Engine sells itself as a “cloud-native, complete banking platform”. It offers all the pieces needed to run a digital bank- such as a management portal, card processing, AML- which clients can cherry pick. Clients are not stumping up for a rebadging of the Starling app but can build products on top of its software. Commercial model and rivals Engine’s commercial model is based on a usage fee, depending on customer volumes. Competitors in this area include the likes of legacy player Temenos and newer rivals like Mambu, Thought Machine and 10X. Everington says:
Engine as a tourist attraction Like a London tourist attraction, banking executives from autour du monde are descending on the capital wanting a bit of the Starling (which is profitable and prized as a UK leading challenger bank) gold dust, says Everington. He says:
Interest is coming from banks, fintechs, and non-banking brands wanting to move into financial services from around the world, but Engine is not currently pushing the business in the UK due Starling's commitments, he says. Everington says Engine, whose on-going development costs is funded by Starling, can be picky about its client roster. It is also working with Australia’s AMP Bank which will be launching a new digital bank offer targeting the small business and consumer markets in 2025. Cross fertilisation between Starling and Engine Engine is a wholly owned Starling subsidiary. Currently, there are over 500 staff working in technology across Starling and Engine, which are located in the same building and retain close ties. Although Engine hires its own staff, Engine has recruited “quite a lot" of Engine staff, including Everington and most of his management team. Critics The emergence of Engine has not gone without criticism and questions have arisen as to whether it will be successful. Not only is Engine in a crowded space, but some question whether running a challenger bank and a SaaS business are compatible. Or as fintech commentator Chris Skinner puts it: “Doing both agendas seems a bit like asking to land on Mars whilst, on the way, dropping a package on the moon.” Another critic told the FT: "Doing enterprise sales of banking software is completely different to having 3.5 million customers with a current account. It’s very rare.” How does Everington respond to such criticism? He says: "Salt is the best answer to that. We have run a very successful bank in the UK for the last year and we have successfully delivered a digital bank much faster than the industry norms.” Engine’s future There is no public timeframe as to when Engine will be profitable, says Everington, but, like Ferguson, he has high hopes for Engine. He says:
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29/04/2024 01:04 PM | 1 | |
42,604 | 29/04/2024 11:35 AM | New UK cybersecurity law will make weak passwords a thing of the past | new-uk-cybersecurity-law-will-make-weak-passwords-a-thing-of-the-past | 29/04/2024 | Under the UK’s new cybersecurity law, consumer smart devices can no longer allow the use of weak, easy-to-guess passwords, such as “admin” or “12345.” This is part of a set of minimum-security standards the UK is requiring to protect consumers from hacking and cyberattacks. The law covers every smart device that comes with internet or network connectivity, ranging from TVs and phones to game consoles, connected fridges, and smart doorbells. Manufacturers of such products will also have to publish contact details so that users can report bugs and other issues. In addition, they’ll need to be transparent about the timing… This story continues at The Next Web |
29/04/2024 12:05 PM | 3 | |
42,606 | 29/04/2024 11:32 AM | Swedish electric boat company X Shore raises €8.5 million to navigate the sector’s sustainability shift | swedish-electric-boat-company-x-shore-raises-euro85-million-to-navigate-the-sectors-sustainability-shift | 29/04/2024 | X Shore, a Swedish technology company behind a generation of fully-electric, silent and connected boats, announced fresh funding of €8.5 million. Several existing major shareholders participated in this round, including company founder Konrad Bergström. The funds raised are earmarked for product R&D, improving sales and marketing strategies, and designing and scoping future new X Shore… This content is for members only. Visit the site and log in/register to read.
The post Swedish electric boat company X Shore raises €8.5 million to navigate the sector’s sustainability shift appeared first on EU-Startups. |
29/04/2024 01:05 PM | 6 | |
42,598 | 29/04/2024 11:15 AM | Capify lands £100M to provide loans to SMEs | capify-lands-pound100m-to-provide-loans-to-smes | 29/04/2024 | UK-based alternative finance company Capify has today secured a £100M credit facility from alternative asset manager Pollen Street Capital. The raise marks a change in Capify’s main source of capital, previously Goldman Sachs. Capify, based in Altrincham just outside Manchester, is a lender to SMEs seeking working capital to sustain or grow their business. It was launched in the UK during the global financial crisis when many small and medium-sized businesses were struggling to access vital funding from banks. The new facility will support future growth plans and provide working capital to thousands of SMEs over the coming years. With the funding, Capify plans to launch the next version of its technology platform, which promises to streamline processes and provide quicker decision-making for brokers and SMEs. "We are extremely excited about our future relationship with Pollen Street, a capital provider with a proven track record of partnering with impactful and innovative businesses. This deal represents another significant milestone for Capify and underlines the strength of our business model in providing fast, flexible and responsible support to SMEs in the UK and Australia”, said David Goldin, Founder and CEO of Capify. “We are absolutely delighted to secure this financing deal with Pollen Street" added John Rozenbroek, CFO/COO at Capify. "The credit facility will enable us to continue on our growth trajectory while offering even more attractive and innovative solutions to the growing number of small businesses in need of funding. "We are passionate about the vital role SMEs play in the success of the UK economy. This new multi-year credit facility allows us to provide much-needed access to capital for SMEs to help them manage and prosper, whilst also enabling us to deliver on our own growth plans”. |
29/04/2024 11:34 AM | 1 | |
42,599 | 29/04/2024 11:13 AM | Build Community Resilience with the US$ 1 million Innovation Challenge by LISC Hampton Roads and RISE | build-community-resilience-with-the-usdollar-1-million-innovation-challenge-by-lisc-hampton-roads-and-rise | 29/04/2024 | LISC Hampton Roads and RISE, supported by Sentara Health, are launching the Community Resilience Innovation Challenge to identify the core social, economic, and environmental vulnerabilities faced by underserved coastal communities and develop practical solutions to address those needs. Coastal communities in the U.S. are home to 128 million people. It supports about 66 million jobs, creates US$ 3.4 trillion in wages, and contributes nearly 45% of the nation’s GDP. However, these communities also grapple with amplified economic, social, and environmental challenges due to urbanization and climate change. The heaviest burden often falls on underserved and marginalized residents, who are disproportionately exposed to flooding and urban heat islands, along with the compounding threats of job insecurity, insufficient or outdated housing, limited availability of healthy food and transportation options, and inaccessibility to healthcare. All of these factors combined create a greater negative impact on their health, well-being, and livelihood. What is the LISC/RISE Community Resilience Innovation Challenge?A truly resilient community requires more than an effective response to emergencies. It also incorporates a strong health infrastructure, economic and job security, affordable housing options, and strategies to address environmental hazards. The goal of the Challenge is to source solutions that address immediate needs but also consider the broader spectrum of factors affecting community resilience. By understanding and measuring these factors, the LISC/RISE Challenge aims to empower community leaders and stakeholders to make informed decisions, prioritize investments, and implement the most effective strategies for long-term resilience. Key Focus Areas of the Community Resilience Innovation ChallengeThe Community Resilience Innovation Challenge welcomes innovative solutions that can be applied and commercialized with demonstrated potential for social and economic impact across the following key topic areas: Health, Wellness and SafetyIn underserved communities, especially in coastal areas facing environmental threats, access to both physical and behavioral healthcare is critical. People in these areas often have difficulty finding quality health services, healthy food, and stable employment. These circumstances shape health behaviors and contribute to major health problems, resulting in higher disease rates and lower life expectancy. LISC, RISE, and Sentara are dedicated to fostering healthier communities and enhancing the quality of life for those in need in Virginia. Potential solutions for this Challenge include mobile health clinics, home healthcare services, affordable childcare programs, innovative insurance models, food security solutions, and more. Affordable HousingAffordable housing is critical in communities where high living costs outpace residents’ incomes. In these areas, a shortage of affordable housing can lead to overcrowding and, in some cases, homelessness. Moreover, the lack of affordable housing options may compel residents to live far from their work, creating significant transportation barriers. Compounding this issue is the prevalence of the “Not in My Back Yard” (NIMBY) mentality, where local communities resist new developments due to concerns over changing neighborhood dynamics and potential decreases in property values. This reluctance, coupled with inadequate local investment, ineffective housing policies, and rising property values due to urban development, creates substantial barriers to progress. In coastal underserved communities, environmental threats add an extra layer of challenge, disproportionately impacting the economically and socially vulnerable. Potential solution areas include expedited construction, repurposed housing inventory, improved access for homeowners and renters, new financing models, and more. Economic & Job SecurityUnderstanding the crucial role of economic and job security in community resilience is essential. Stable jobs and economies enable communities to withstand shocks and stresses like financial crises or natural disasters, enhance individual well-being, and offer social cohesion. This Challenge seeks new and innovative ideas that strengthen economic and job security and availability, contributing to the creation of vibrant, sustainable communities. If your proposal has an additional focus on climate resilience, it will score extra points in the evaluation. Examples of solutions include business development and entrepreneurship, financial literacy and management, community investment, and profit-sharing, among others. Environmental ResilienceCoastal communities are often the first to experience the direct impacts of climate change, including sea-level rise, bigger and more intense storms, and coastal erosion. Historically, underserved communities have been disproportionately affected by environmental degradation and climate change. Enhancing environmental resilience in these areas is not just about protecting the environment; it’s about safeguarding the health, livelihoods, and future of the communities living there, which in turn makes these communities withstand climate-related impacts. This Challenge is looking for proposals that not only address the immediate challenges posed by environmental changes but also contribute to the long-term sustainability and resilience of these communities. Solutions may range from climate adaptation and sustainable resource management to renewable energy projects and disaster preparedness programs. Some example solutions include disaster preparedness and response, the development of green spaces for flood and heat resilience, resilience-based economic development, and green job creation. Why should you apply for this Innovation Challenge?Once selected, Challenge winners pilot their solutions in the living lab of the greater Hampton Roads region. This will provide an opportunity for the winners to demonstrate the real-world value and efficacy crucial for businesses to grow and scale their next-generation products and technologies. In addition, winners will also receive the following benefits:
Important Dates & Timeline of the ChallengeApplications are now open!
About the Challenge OrganizersLISC Hampton Roads is a local branch of the Local Initiatives Support Corporation, a national nonprofit organization that works to transform distressed urban and rural communities into healthy and sustainable places. LISC provides funding, technical assistance, and other resources to help communities address the challenges they face. RISE is a nonprofit organization that works to build community resilience in the face of climate change and other threats. RISE works with communities, businesses, and other organizations to develop innovative solutions that promote sustainability, equity, and resilience. Sentara Health is committed to creating healthier communities. It is looking for new ideas and solutions that will support this goal and align with existing programs or support efforts to create healthier communities. Ready to be a community & resilience solutions-builder? Apply today!
____ Sharing is Caring! The post Build Community Resilience with the US$ 1 million Innovation Challenge by LISC Hampton Roads and RISE appeared first on StartUs Magazine. |
29/04/2024 11:34 AM | 2 | |
42,600 | 29/04/2024 11:00 AM | Polestar unveils ‘world’s first’ 10-minute charge EV prototype | polestar-unveils-worlds-first-10-minute-charge-ev-prototype | 29/04/2024 | Polestar has successfully charged its upcoming EV model in just 10 minutes. The Swedish car maker achieved the feat using a “silicon-dominant” battery built by Israeli startup StoreDot. Polestar installed the battery in a fully drivable prototype of its Polestar 5 model, set to go on sale next year. It managed to charge the EV from 10% to 80% under the 10-minute time cap. StoreDot’s batteries use silicon anodes instead of graphite. Silicon anodes can store 10 times the amount of lithium ions that graphite can, while taking up a lot less space. This means more efficient batteries that… This story continues at The Next Web |
29/04/2024 11:34 AM | 3 | |
42,601 | 29/04/2024 11:00 AM | The Latest Online Culture War Is Humans vs. Algorithms | the-latest-online-culture-war-is-humans-vs-algorithms | 29/04/2024 | Ever feel like Instagram or TikTok algorithms know you a bit too well? The backlash against automated curation is building, and new algorithm-free platforms are springing up. | 29/04/2024 11:34 AM | 4 | |
42,602 | 29/04/2024 10:45 AM | Milan-based Glaut secures over €1.3 million to help B2C businesses uncover customer insights through conversational surveys | milan-based-glaut-secures-over-euro13-million-to-help-b2c-businesses-uncover-customer-insights-through-conversational-surveys | 29/04/2024 | Glaut, a Milan-based startup that conducts in-depth, AI-moderated interviews with customers at scale, has successfully closed an over €1.3 million pre-seed funding round. The round was led by Italian Founders Fund and included participation from Brainstorm Ventures, Alecla7, Ithaca, BHeroes, Club degli Investitori, Eden Ventures, Delirus Capital, and notable angel investors such as David Clarke… This content is for members only. Visit the site and log in/register to read.
The post Milan-based Glaut secures over €1.3 million to help B2C businesses uncover customer insights through conversational surveys appeared first on EU-Startups. |
29/04/2024 11:34 AM | 6 | |
42,597 | 29/04/2024 10:16 AM | Getir is exiting Europe and closing Gorillas as fast grocery delivery feels the chill | getir-is-exiting-europe-and-closing-gorillas-as-fast-grocery-delivery-feels-the-chill | 29/04/2024 | The gig economy is taking a turn for the worse in Germany, with Turkish fast grocery delivery service Getir preparing to exit the country on May 15. The company also plans to withdraw from the UK and the Netherlands. The exit will also result in the closure of Berlin grocery delivery service Gorillas, which was acquired by Getir for €1.1B in December 2022. Getir pulled out of its other European markets, France, Italy, Spain, and Portugal, in 2023. Turkey, the Istanbul company's home market, will now be its only market. In May 2023, there were reports that the company was considering acquiring its Berlin competitor, Flink. However, the acquisition never materialised. Founded in 2015, the company has raised $1.8B, raising a $768 million Series E funding round in 2022, providing a valuation of $11.8 billion. A blow for German gig economy employeesThe news of the exit has profoundly impacted German employees, with 1800 warehouse workers being laid off. Rising food prices have hard hit the last-mile food delivery sector, and the consequences of rapid expansion, neighbourhood warehouse closures, and challenges to labour breaches. This affects the already narrow profit margins. In addition, many consumers report that rapid delivery has become half-hour delivery across the sector—a levelling out of expectation vs. reality. According to information from UK media Sky, Getir has received new financing in the double-digit million range from its existing investors. However, the funds must be used to withdraw and settle the three markets and for further business expansion in Turkey. Lead image: Getir. Photo: uncredited. |
29/04/2024 10:34 AM | 1 | |
42,596 | 29/04/2024 09:40 AM | Glaut raises $1.4M for conversational survey platform | glaut-raises-dollar14m-for-conversational-survey-platform | 29/04/2024 | Italian startup Glaut has successfully closed a $1.4M pre-seed round. Matteo Cera and Giovanni del Gallo started in late 2023 to help marketing teams in B2C brands make better commercial decisions based on a new approach to customer and market research: conversational surveys. According to Cera, quantitative surveys often lack depth and fail to elucidate the reasons behind the data. He shared:
Glaut is as easy to use as a Google Form, but unlike multiple-choice surveys, it can engage people in long-form, open-ended conversations, to surface what they think about brands, products and experiences. The company has worked with research agencies (like Altum Insights, Marketagent and Eumetra) and renowned international brands, including Condé Nast, AutoScout24, and Mondadori Media in just a couple of months since its launch. The agencies have collectively conducted thousands of Glaut interviews for customer research projects focused on branding, ad testing, idea prototyping and customer experience. Italian Founders Fund led the funding with participation from Brainstorm Ventures, Alecla7, Ithaca, BHeroes, Club degli Investitori, Eden Ventures, Delirus Capital and notable angel investors like David Clarke (ex Workday) and Pietro Cesati (ex Soisy). According to Frank A. Spring, Partner at Altum Insights:
Pamela Saiu, Market Researcher at Mondadori Media, recently conducted a project with more than 2,500 interviews on Glaut: “
With this financing, Glaut aims to strengthen its product and tech team and complement its customer research platform with vertical solutions for different market research use cases before scaling up its commercial efforts globally. Lead image: Glaut. Photo: uncredited. |
29/04/2024 10:04 AM | 1 | |
42,591 | 29/04/2024 09:22 AM | X Shore navigates through the waves with €8.5M funding | x-shore-navigates-through-the-waves-with-euro85m-funding | 29/04/2024 | Today Swedish electric boat company X Shore has raised €8.5 million (100 million SEK), bringing the company’s funding to over €100 million. X Shore was founded in 2016 in Stockholm and has become a world leader in electric boats. Its boats use no fossil fuels and have minimal impact on marine wildlife. The company launched its 3rd boat, X Shore PRO in September 2023. Several existing major shareholders participated in this round, including company founder Konrad Bergström. It's been a troubled time of late for the electric boat company. The news alludes to the X-Shore’s recent challenges. In early 2023, X Shore laid off 10 per cent of its staff. The company's last two funding rounds were both at a lower valuation than its previous round of €50 million in 2022. It also faced parts shortages which drastically reduced its production capacity. The company shared that it is committed to achieving profitability, albeit at a revised time frame, in light of market conditions. According to Bergström:
X Shore CEO René Hansen: shared:
The funds raised are earmarked for product R&D, improving sales and marketing strategies, and designing and scoping future new X Shore models. Lead image: X Shore. Photo: uncredited.
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29/04/2024 09:35 AM | 1 | |
42,592 | 29/04/2024 09:13 AM | Prescriby raises €2M to bring addiction management platform to the US | prescriby-raises-euro2m-to-bring-addiction-management-platform-to-the-us | 29/04/2024 | Icelandic-Canadian biotech Prescriby has raised €2M for its treatment management platform for addictive medication. The Prescriby app helps patients taper down their addictive medication using tapering plans, which are created by clinicians and then released via the app allowing both parties to monitor the patient’s progress remotely. Through a partnership with the Icelandic Ministry of Health, Prescriby has begun their nationwide implementation project in Iceland, entered into a commercialization project in Canada, and is beginning a controlled cohort clinical trial in Denmark later this year. The current round will focus on scaling within Canada as well as introducing Prescriby to the US market as a clinical decision support tool for prescription opioids and other addictive medications. The round is led by Crowberry Capital, a Nordic VC fund and also involves investors from Canada, Denmark and Iceland. Dr. Kjartan Thorsson, Prescriby’s CEO and co-founder, has domain expertise in prescription opioids having been involved in prescribing and managing post-operative patients while practising medicine at the University Hospital of Iceland, where the idea was originally created. “I was discharging around 30 patients on prescription opioids every week where you can estimate that one out of ten patients will develop some level of addiction,” he said said. “It became clear to me after some research and outreach to colleagues on both sides of the Atlantic Ocean, that prescribers lacked tools and resources to be able to provide safer treatments from the first prescription as well as tapering long-term users. We should be focusing on making the treatments that are already being provided safer if we’re being serious about reducing the harm from the opioid crisis. “With Fentanyl now having taken over Oxycontin as the most used illicit opioid and multiplying the harm to those who have developed addiction, we should do everything we can to provide early intervention and prevent people from ending up with addiction.” |
29/04/2024 09:35 AM | 1 | |
42,603 | 29/04/2024 09:10 AM | Icelandic startup Prescriby secures €2 million in funding to innovate at the root of the opioid crisis | icelandic-startup-prescriby-secures-euro2-million-in-funding-to-innovate-at-the-root-of-the-opioid-crisis | 29/04/2024 | Icelandic startup Prescriby has secured €2 million in funding to innovate at the root of the opioid crisis. As opioid-related deaths reach record highs across the US, Canada, and the EU, the spotlight intensifies on the critical need for preemptive solutions in managing prescription opioids. Unlike conventional strategies that emphasize addiction treatment, Prescriby focuses on… This content is for members only. Visit the site and log in/register to read.
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42,593 | 29/04/2024 09:01 AM | Madrid-based Indigitall bags €6 million to grow its marketing automation solution in the Spanish-speaking markets | madrid-based-indigitall-bags-euro6-million-to-grow-its-marketing-automation-solution-in-the-spanish-speaking-markets | 29/04/2024 | Indigitall, a company that provides a software-as-a-service (SaaS) solution to personalize digital communications between brands and their customers, has closed an over-subscribed €6 million Series A funding round. The funding round was led equally by Data Point Capital, a venture capital firm based in the United States, GoHub Ventures, and Adara Ventures, two Spain-based venture… This content is for members only. Visit the site and log in/register to read.
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42,590 | 29/04/2024 09:00 AM | Recruiters Are Going Analog to Fight the AI Application Overload | recruiters-are-going-analog-to-fight-the-ai-application-overload | 29/04/2024 | Indeed and LinkedIn are incorporating more generative AI to improve the recruiting and job-hunting processes. Some recruiters are still unconvinced. | 29/04/2024 09:05 AM | 4 | |
42,594 | 29/04/2024 08:42 AM | Comparative analysis: EU vs. US flight compensation policies (Sponsored) | comparative-analysis-eu-vs-us-flight-compensation-policies-sponsored | 29/04/2024 | Flight compensation policies are something you should know if you often travel or are planning to do that in the near future. The explanation is simple – flights can be delayed or cancelled due to a variety of reasons, from technical issues to poor weather conditions. Air passengers have specific consumer rights under both European… This content is for members only. Visit the site and log in/register to read.
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42,589 | 29/04/2024 08:30 AM | Last week recap: European tech ecosystem raised €676.7M, over half goes to Germany, France and Sweden | last-week-recap-european-tech-ecosystem-raised-euro6767m-over-half-goes-to-germany-france-and-sweden | 29/04/2024 | Last week, we tracked more than 70 tech funding deals worth over €676.7 million, and over 15 exits, M&A transactions, rumours, and related news stories across Europe. Click to read the rest of the news. |
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42,587 | 29/04/2024 08:00 AM | Klineo raises €2M to connect patients to clinical trials | klineo-raises-euro2m-to-connect-patients-to-clinical-trials | 29/04/2024 | French digital health startup Klineo today announced that it has raised €2M for its platform which improves equity of access to clinical trials for cancer patients. Klineo’s AI-based platform connects doctors and patients directly with relevant trials. This funding will enable Klineo to expand its solution to all types of cancer as the number of patients and clinical trials experience significant growth. Clinical trials offer a chance to benefit from the latest therapeutic innovations. But today, only a minority of cancer patients take part in clinical trials, whereas a majority of patients would be willing to participate if they were aware of them.Paradoxically, up to 20% of trials fail due to lack of participants. Klineo’s digital platform works to bridge this gap and ensure that the energy and capital invested into this research has the most impact possible. The €2 million raised from the BPI and business angels will enable Klineo to cover all cancers in France by the end of 2024, with a near future extension to lung cancer. The company is expected to then expand to other countries (Europe, USA, etc.) and other pathologies (rare and neurological diseases, etc.). In addition, the funds will enable Klineo to expand its team and continue to improve the platform both medically and technologically. Klineo initiated a pilot project at the Gustave Roussy Institute in 2022 and launched the first national platform for triple-negative breast cancer in collaboration with a patient association, the Collectif Triplettes Roses. In 2023, Klineo extended its platform to include new cancers (breast, skin, lymphoma, etc.) and aims to cover all cancers by the end of 2024. Previous supporters include the BPI, the Pfizer Healthcare Hub, Wilco, Onconumérique and PariSanté Campus. According to Dr Arnaud Bayle, co-founder of Klineo and oncologist,
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