News
Daily digest of all European digital development news

Crypto startup BOB completes community sale, lifting overall funding above €21 million
London-based crypto infrastructure startup BOB secured over €21 million in funding after a community sale, transitioning to community ownership. The sale allocated 2% of $BOB tokens to 2,133 participants, adding €3....

Shaping tomorrow’s AI landscape: The AI Policy Day in Amsterdam
Brussels hosts the AI Policy Day in Amsterdam on December 11th, bringing together leaders to discuss AI's future. The event will focus on responsible AI adoption and scaling innovation across the continent.

EU’s plan to simplify digital laws to benefit mainly large companies at the expense of consumers
Brussels faces criticism for a digital law proposal, as BEUC claims it prioritizes Big Tech over consumer rights. The plan includes weakening privacy rules and delaying AI regulations, potentially harming European startups and consumer protection.

London’s PhysicsX nears unicorn status with backing from NVIDIA’s VC Arm and €133 million Series B extension
London-based PhysicsX, a physical AI company, secured a €133 million Series B extension with backing from NVIDIA's VC arm. This funding round pushes its valuation towards €863 million, making it a major player in AI-driven engineering within Europe.

Press Release: Commission’s Digital Omnibus is a major rollback of EU digital protections
Brussels is rolling back core digital protections with its new Digital Omnibus proposals, threatening the EU's rules-based system. The changes endanger the foundation of human rights and tech policy.

Europe’s cookie nightmare is crumbling
The EU plans to overhaul its cookie consent policies, aiming to drastically reduce the number of annoying pop-ups users face. New rules will allow users to set browser-level cookie preferences, simplifying the online experience across all of Europe.

Why the Digital Omnibus puts GDPR and ePrivacy at risk
Brussels unveils its "Digital Omnibus" package, aiming to simplify digital rules, but risks weakening GDPR and ePrivacy. The package will amend the General Data Protection Regulation and the ePrivacy Directive.

Europe is scaling back its landmark privacy and AI laws
Brussels is scaling back GDPR and AI rules, bowing to industry and US pressure to revive economic growth. The revisions simplify cookie consent and extend grace periods for high-risk AI systems under the AI Act.

Digital Omnibus: EU Commission wants to wreck core GDPR principles
Brussels proposes changes to GDPR rules that would lower protections for Europeans, according to a new report. The "Digital Omnibus" is the focus of the EU Commission's plans, which aim to alter current data privacy regulations.

After processing 4 million transactions with 95% accuracy, Spain’s Dost raises €6.7 million to expand into the UK
Dost, a Barcelona-based AI financial automation platform, launches in the UK after securing a €6. 7 million Series A round....

Berlin’s Integral boosts total funding to €12 million and strengthens capabilities with cleverlohn acquisition
Berlin-based Integral, an AI-powered financial services company, acquired digital payroll provider cleverlohn and secured €12 million in new funding. The investment will enable Integral to expand its AI-driven solutions for SMEs in Germany.

BEUC welcomes the EU court's decision to uphold Amazon's designation as a Very Large Online Platform
The EU General Court upheld Amazon's designation as a Very Large Online Platform under the Digital Services Act. This ruling ensures Amazon must comply with the DSA, mitigating risks and protecting consumers from fraud.

Court backs the EU: Amazon fails with lawsuit against DSA classification
Amazon lost its court challenge against the EU's Digital Services Act (DSA) designation. The ruling allows the EU to impose stricter obligations on tech companies with over 45 million users.

France’s Deblock picks up €30 million for unified euro and crypto banking platform
French crypto-banking startup Deblock secured €30 million in Series A funding to expand its platform across Europe. The funding will fuel their move into Germany, joining a trend of FinTechs integrating traditional finance with on-chain capabilities.

London fintech Curve confirms sale to Lloyds
London fintech Curve, with six million users, confirmed its acquisition by Lloyds Banking Group to enhance its digital payments experience. Lloyds aims to integrate Curve's digital wallet technology, with the deal expected to close in the first half of 2026.

Dost launches in UK with £6M Series A led by Octopus Ventures
Spanish AI-powered financial automation platform Dost launched in the UK with a £6M Series A round led by Octopus Ventures. The SaaS platform, which automates financial document processing, will strengthen its position in Spain while expanding into the UK market.

Simpler EU digital rules and new digital wallets to save billions for businesses and boost innovation
Brussels unveils a digital package, streamlining rules on AI, cybersecurity, and data, while introducing European Business Wallets. The initiative targets up to €5B in administrative cost savings by 2029, with potential for an additional €150B in annual savings.

Deblock secures €30M Series A to expand on-chain banking in Europe
French crypto-banking startup Deblock secured €30M in Series A funding to expand its on-chain banking solution. Deblock, already boasting 300,000 customers since its April 2024 launch, will use the funding to enter the German market.

Integral acquires cleverlohn and secures funding to advance its AI accounting and payroll platform
Berlin-based Integral acquires cleverlohn, expanding its AI-powered services for SMEs in Europe. The company secured €12 million in funding from General Catalyst, Cherry Ventures, and Puzzle Ventures to advance its AI accounting and payroll platform.

Europe at a “crossroads” as it is called to power its first trillion-euro tech company
European VC firm Atomico says Europe is at a crossroads, needing to power its first trillion-euro tech company. The State of European Tech report identifies four key ambitions, including easier cross-border scaling and mobilizing capital markets, to reach its full potential.
