Ecosystems

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Swedish pet insurtech Lassie raises $75M Series C after hitting $100M ARR


Imagine the moment you bring a new dog or cat into your life. That mix of excitement and responsibility. Vet visits, vaccines, learning what food suits them, managing check-ups, and always wondering how to keep them healthy as they grow. Most pet insurance only steps in after a costly accident or illness. It doesn’t help you avoid the situation in the first place. Lassie’s product is built around a different insight: giving owners the tools to look after their pets every day, not just when something goes wrong. Now, Stockholm-based insurtech Lassie has secured $75 million in a Series C…

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Tem raises $75 M to automate energy markets with AI-first platform


London-based energy software company Tem has closed a $75 million Series B round led by Lightspeed Venture Partners, with additional funding from AlbionVC, Atomico, Hitachi Ventures, Schroders Capital, Voyager Ventures, Allianz, and others. The round reportedly values the company at more than $300 million and will fund its expansion into the United States and Australia. Tem builds an AI-native energy platform designed to automate the pricing, matching, and execution of electricity transactions, a market that has long relied on manual processes and legacy infrastructure. Its core system uses machine learning to forecast supply and demand, match buyers with suppliers, and…

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How Flippa Is Removing the Language Barrier from Global Deal-Making


For decades, access to high-quality deal flow and sophisticated M&A infrastructure has been largely designed for well-connected investors and industry giants. Small businesses and independent founders, particularly those operating outside English-speaking markets, may often find the barriers even higher. Language, geography, and limited access to networks could mean that opportunity stops at the border.  Amidst this trend, Flippa, a platform for buying and selling digital businesses, is rewriting the script and dismantling those barriers. Under the leadership of CEO Blake Hutchison, the company has connected buyers and sellers across continents, linguistic differences, and price points, closing deals from $100,000 up…

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Letter from the Editor-in-Chief


Not long ago, like many of you, I read what I feared might be The Next Web’s final article. In late September, TNW’s co-founder announced that the tech conference and news site would be winding down, no more events, no new stories. It felt like the end of an era; the news hit hard. Yet, just a few weeks ago, a twist arrived: the tech platform Tekpon acquired 100% of TNW’s media and events brand from the Financial Times, ensuring that this nearly two-decade legacy will continue to thrive. While, myself, trying to read people’s opinions on this topic, I…

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Europe’s AI boom is leaving femtech behind


Left unchecked, Europe’s narrow focus on AI investment will come at the health of half its population. As venture capital floods disproportionately into the AI sector, women’s health innovation — the definition of essential infrastructure — is once again left fighting for scraps. In 2021, global femtech investment peaked at €1.89bn before plunging to just €1.1bn the next year, amid a tech funding apocalypse and capital making a headlong dash towards AI. Several factors contributed to this decline — broader market conditions, withering investor risk appetite, and natural sector maturation. But the surge in AI funding coinciding with a plunge…

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Big business can still innovate — by adding startup leaders to the C-suite


Startups love hiring big business leaders into advisory and C-suite roles. These hires solve a common issue: as startups grow and look to compete with incumbents, they need some corporate talent to see them over the line.  But big, established businesses have a different common issue. They’re too big, too established, and being outcompeted by the very companies that are hiring their talent.  Right now, it’s the hare and the tortoise — but slow and steady isn’t winning the race this time.  Established businesses need to take a page out of the startup playbook and hire for the C-suite from…

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Opinion: Europe can lead in tech — if regulation and culture align


As an American born and raised in New York City, I’ve seen the power of US entrepreneurialism to change the world. The ambition, ingenuity, and relentless drive that have powered the country’s economy for generations have also been a global force for prosperity, stability, and innovation. Yet now the US is retreating into an aggressive and unpredictable form of unilateral bullying. I am deeply concerned — not just for America, but for the world.  For the past few years, I’ve watched these developments from Europe. I’ve settled with my family in the Netherlands, where I work as CEO of cultivated…

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The Hot Crazy Matrix explains why investors get tech deals wrong


Private equity deals hit an all-time high in 2021, peaking at a total value of more than $1tn, with an average deal size exceeding $1bn for the first time. Founders were media darlings, valuations soared, and investors raced to get a piece of the action.   By 2023, many of those same companies — such as Klarna and Stripe — had lost billions in value. Klarna’s valuation plummeted by 85% from its 2021 peak of $45.6bn to $6.7bn in 2022. Stripe also fell dramatically, from $95bn in 2021 to $50bn in 2023.   Fast forward to today, and even more tech companies…

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Subscriptions are creeping from software into everything — even your car’s horsepower


The subscription model beloved of software is now creeping into cars.  Volkswagen has become the latest automaker to adopt the pricing structure. The German marque has introduced a monthly subscription fee to access the full performance of some of its ID.3 electric vehicles. Auto Express spotted that the Volkswagen ID.3 Pro and Pro S were listed in the UK as producing 201bhp, but could hit 228bhp — if customers paid extra. For that extra 27bhp, buyers can pay £16.50 per month, £165 annually, or £649 for a lifetime subscription that transfers with the car if it’s resold. Volkswagen described the…

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How Europe can win the battle for tech talent


There’s no doubt that Europe has ambition. Over the last decade, we’ve laid the foundation for a thriving digital economy, from regulatory leadership to tech-driven reforms and rapidly growing regional hubs. But infrastructure alone doesn’t build the future; people do. And today, we face the very human challenge of how to win — and retain — the talent that powers innovation. We’re seeing highly skilled individuals, such as founders, engineers, and product leaders, move their operations or careers to the US and, in some cases, to Asia. This trend reflects global competition at its fiercest. But it’s also a moment…

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