News
Daily digest of all European digital development news

Early backer of unicorns Personio and Enpal, German VC Picus Capital closes €150 million preferred equity deal
German VC firm Picus Capital secured €150 million in preferred equity financing from Carlyle AlpInvest. The funding will fuel new investments and support Picus's portfolio of nearly 200 companies, including unicorns Personio and Enpal, with a focus on fintech, AI, and cybersecurity.

With Nvidia, Siemens and Microsoft as partners, Lausanne-based Neural Concept raises €85 million
Neural Concept, an AI platform for product development, secured €85 million in Series C funding, backed by Goldman Sachs Alternatives. The Lausanne-based company aims to enable AI-driven design of advanced systems for cars and spacecraft.

2026 will be a blow to the wallet if you have fiber and mobile. Unless you use DIGI
Spanish telecom provider Digi will not raise prices in 2026, bucking the trend of competitors like Vodafone, Movistar, and Orange. The announcement contrasts with rising costs planned by the larger telecom companies for fiber and mobile services.

Vibe-coding platform Lovable raises €281 million Series B to scale its AI-native software platform globally
Lovable, an AI-native software platform, secured a massive €281 million Series B to expand its no-code app creation tools globally. The funding round values the Stockholm-based startup at €5....

Endra closes $20M seed round amid surging demand in construction supercycle
Stockholm-based Endra, an AI-powered MEP platform, secured a $20 million seed round to automate building design workflows. The platform generates building-code-compliant 3D models and documentation, reducing design time by 70x.

Amazon had announced a layoff with 978 layoffs in Barcelona: the union negotiation has served to cushion it
Amazon reduced its Barcelona office layoffs from 978 to 791 employees after union negotiations. The agreement includes voluntary departures and internal relocations to soften the impact of the job cuts.

Cybersecurity Law: responsibilities of Management, Direction and Administration bodies
Portugal's new Cybersecurity Law, implementing NIS 2, places greater responsibility on Management, Direction, and Administration bodies. The law's changes aim to reinforce cybersecurity measures across the country.

Telefónica leaves Wall Street by the back door: goodbye to almost four decades in the world's largest market
Telefónica is exiting the New York Stock Exchange after nearly four decades of trading, citing high administrative costs. The Spanish telecom giant's shares will cease trading on Wall Street in the coming days, focusing solely on the Madrid market.

Enlightra exits stealth with $15M to power energy-efficient AI data centre lasers
Enlightra, a deeptech startup, exits stealth with $15M to develop energy-efficient lasers for AI data centers. The technology consolidates multiple lasers into one source to reduce power use, with pilot production planned for 2027.

Exein raises an additional €100M to expand its embedded cybersecurity platform
Italian cybersecurity firm Exein secured €100 million to expand its embedded cybersecurity platform, totaling €170 million raised in 2025. The AI-enabled platform protects 1....

SFR hit by a cyberattack: customer data has leaked
SFR, a French telecom operator, suffered a major cyberattack that exposed customer data to a large-scale data breach. Details regarding the exact amount of data compromised remain undisclosed at this time.

Italy’s embedded cybersecurity firm Exein adds €100 million in funding as global expansion continues
Italian cybersecurity firm Exein secured €100 million in funding to fuel its global expansion and product development. The new investment brings Exein's total funding in 2025 to €170 million, solidifying its position as a major player in embedded runtime security.

Cowboy seals majority-stake deal with ReBirth to restart production and stabilise operations
Cowboy, the Belgian e-bike company, secures a majority stake deal with ReBirth, injecting €15 million and restructuring finances. This partnership integrates Cowboy's digital platform with ReBirth's industrial expertise to stabilize production and support 80,000+ riders.

Meta shuts down accounts from gender rights and abortion movement
Meta has removed numerous accounts linked to gender rights and abortion advocacy on Instagram and Facebook, raising concerns about censorship. The removals, including accounts in the Netherlands, Belgium, and the UK, may violate the Digital Services Act with a noticeable increase in restricted accounts.

Federal Network Agency: This tool checks minimum internet speed
The German Federal Network Agency introduced a new tool to assess minimum internet speeds, mandating users complete ten measurements with strict pause times. This tool aims to determine eligibility for official intervention regarding internet service.

Following last month’s triple valuation, Quantum Systems deepens its autonomous focus through FERNRIDE deal
German AI-powered unmanned systems developer Quantum Systems acquired FERNRIDE to expand into autonomous ground mobility. This move merges two innovators in the field, following Quantum Systems' €180 million and FERNRIDE's €18 million funding rounds.

Monzo wins European banking licence, as investors agitate for CEO return
Monzo secures a European banking license, paving the way for expansion across the EU, starting in Ireland. The UK digital bank, with over 13 million customers, can now offer its banking products, including loans and mortgages, to millions more customers.

Ukraine battlefield use underpins €5.8 million raise for ZeroPhase’s communications software
Munich-based ZeroPhase secured €5. 8 million in seed funding to advance its software-defined data links for unmanned defense platforms....

The fintech Monzo becomes a neobank in Europe: future competitor of Revolut in France?
Monzo, the UK-based neobank, launches in Ireland, marking its initial entry into the European Union. This move signals a strategic expansion to compete with rivals like Revolut across the continent.

Palantir veterans’ startup Ankar raises €17 million to expand AI-driven IP software into the US
London-based AI platform Ankar secured €17 million to expand its AI-driven IP software into the US market. The funding follows a trend of increasing investment in AI-enabled legal and IP software, with a total of approximately €24....
