News - For Business
Daily digest of all European digital development news

Europe's GDPR cops dished out €1.2B in fines last year as data breaches piled up
European regulators levied a staggering €1. 2 billion in GDPR fines last year as data breaches surged across the continent....

Vi Partners marks 25 years with first close of €161M new venture fund
Vi Partners launched a new venture fund with a first close of €161 million to invest in tech and healthcare startups. The fund will target Series A and early-stage investments, with a focus on mission-critical software, AI, fintech, and data-driven platforms.

With China leading global drone manufacturing, Hungary’s ABZ Innovation raises €7 million to expand heavy-duty drones
Hungary's ABZ Innovation secured €7 million in funding to scale heavy-duty drone production and expand globally, challenging China's market dominance. The investment allows them to develop their end-to-end automation platform.

Google alums raise $5M for Sparkli, an AI-based learning platform for children
Zurich-based Sparkli, an AI-powered learning platform, secured $5 million in pre-seed funding to expand globally. The platform, created by ex-Googlers, uses real-time multimodal AI to create interactive learning experiences for children.

Op-Ed: Can Europe’s Digital Networks Act deliver for AI and Startups?
Brussels is proposing the Digital Networks Act to reshape Europe's telecom landscape, impacting AI infrastructure and startups. The draft law aims to modernize network building and regulation, from 5G towers to data center links, as part of the "Digital Age" push.

Optalysys raises £23M to support photonic computing development
Optalysys secured £23M to advance photonic computing, a technology combining silicon photonics with digital to boost computational power. The funding will accelerate commercialization of its chips, with expansion planned in the US.

Dutch crypto platform Finst raises €8 million to support European expansion
Amsterdam-based crypto platform Finst secured €8 million in Series A funding to expand across Europe and develop new products. The funding brings the company's total to €15 million, aligning with a broader trend of investment in regulated crypto platforms across Europe in 2025.

Preply adds €127 million and nearly triples valuation as it scales AI and tutoring platform globally
Preply, a US and Spain-based language learning platform, secured €127 million in Series D funding to boost its AI capabilities and expand globally. The investment values the company at €1 billion and brings total funding to €254 million.

Ukrainian-founded language learning edtech Preply hits $1.2B valuation with $150M Series D
Preply, the Ukrainian-founded language learning platform, secured $150M in Series D funding, valuing the company at $1. 2 billion....

Language learning marketplace Preply’s unicorn status embodies Ukrainian resilience
Preply, the Ukrainian language learning marketplace, achieves unicorn status, valued at $1. 2 billion after securing $150 million in funding....

Tourmanagement BV acquires Beatswitch in live music software deal
Belgian artist platform Tourmanagement. com acquired Beatswitch, a software platform for event organizers, to streamline live music workflows....

Berlin’s Cloover secures over $1.2 Billion to build the “Shopify of Energy”
Berlin-based climate fintech Cloover secured over $1. 2 billion to expand its software and financing platform across Europe....

Spain’s Fracttal raises €29.8 million to expand maintenance platform across Europe and LATAM
Madrid-based Fracttal secured €29. 8 million to expand its AI-powered maintenance platform across Europe and Latin America....

EU supports digital connectivity with simpler and harmonised rules in Digital Networks Act
Brussels proposes the Digital Networks Act to modernize and harmonize EU rules for connectivity networks, aiming to boost advanced fiber and mobile network investments. The initiative seeks to establish high-capacity networks as the foundation for European competitiveness, facilitating innovative technologies like AI and Cloud services.

Proposal for a Regulation for the Digital Networks Act (DNA)
Brussels proposes the Digital Networks Act (DNA) to modernize and harmonize Europe's legal framework for digital networks. The DNA aims to replace the EU Electronic Communications Code and accelerate digital transformation.

Cloover secures over $1.2B to develop an AI operating system for energy independence
Cloover, a Berlin-based company, secured over $1. 2 billion in funding to develop an AI operating system for energy independence....

Lausanne-based SWISSto12 secures €73 million to develop its compact satellite HummingSat ahead of planned 2027 launch
SWISSto12 secured €73 million from European Space Agency members to develop its HummingSat telecommunications satellite. The funding will accelerate development and manufacturing for the planned 2027 launch.

Antidote completes $5M seed round for billing compliance automation
Antidote, a legal tech startup, secured $5 million in seed funding to automate billing compliance for law firms using AI. The platform, already used in the US, UK, and Australia, aims to reduce revenue loss due to non-compliant billing practices, which can cost firms up to 12% of billable hours.

The European Commission launches EU Inc., the long-awaited ‘28th regime’ for startups
Brussels is launching EU Inc. , a new pan-European legal entity designed to streamline startup operations....

There is something more worrying than the fact that LaLiga doesn't stop blocking the internet: that we have gotten used to it
Spanish internet users faced blocked access to the Linux Mint website, a legitimate site, due to LaLiga's mass IP blocks. This issue has persisted for months, with users expressing frustration over repeated blockages.
