Europe

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The ECB moved to rein in Revolut’s ‘self-guided missiles’, just as a share sale values it at $115bn

The European Central Bank quietly moved to rein in Revolut last year, restricting Europe’s most valuable fintech from launching new products across the European Economic Area over concerns about how fast it approved them, the Financial Times reported on Wednesday. The intervention had not been disclosed before. The ECB paused Revolut’s European arm from releasing […]

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Legal AI startup Legora opens in Madrid, Milan, and Paris as it targets 700 European employees within a year

Legora, the agentic AI platform for legal professionals, is opening offices in Madrid, Milan, and Paris during Q3 2026, alongside a dedicated engineering hub in London. Hiring across all four locations has begun, with the company targeting a combined EMEA headcount of 700 within the next six to 12 months. The expansion follows a $600 million […]

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Alta Ares raised €50M to make shooting down a drone cheaper than the drone itself

A Shahed attack drone costs tens of thousands of euros. The missiles traditionally fired to shoot one down can cost a million or more. A French startup has raised €50mn to fix that maths. Alta Ares, a Paris-based defence-technology company founded in 2024, said on Tuesday it had closed a €50mn round led by Air […]

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France’s ‘sovereign’ messenger Tchap was breached, and officials and the hacker disagree on how badly

France built its own encrypted messenger so civil servants would not have to trust WhatsApp or Telegram. Now that messenger has been breached, and the government and the attacker cannot agree on how much was taken. France’s National Cybersecurity Agency, ANSSI, detected a compromise of Tchap on 7 June, and the Digital Affairs Directorate (DINUM), […]

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France’s ‘sovereign’ messenger Tchap was breached, and officials and the hacker disagree on how badly Read More »

Finland’s ICEYE hits a €10bn valuation, quadrupling in six months as Europe scrambles for its own spy satellites

Six months ago, ICEYE was worth €2.4bn. Today it is worth more than €10bn. Few numbers capture Europe’s defence-tech boom as bluntly as that. The Finnish satellite company has raised €450mn in a Series F round led by General Atlantic, valuing it at over €10bn ($11.5bn), a fourfold jump since December. Counting a secondary sale […]

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Finland’s ICEYE hits a €10bn valuation, quadrupling in six months as Europe scrambles for its own spy satellites Read More »

Europe’s best-funded rocket startup just raised €270M, and now Isar Aerospace has to actually reach orbit

Europe has the ambition to reach space on its own. What it lacks is rockets that work. Isar Aerospace has just raised €270mn to fix the first problem, and in less than a week it gets another chance to fix the second. The Munich startup, one of Europe’s best-funded space companies, closed a €270mn Series […]

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Europe’s best-funded rocket startup just raised €270M, and now Isar Aerospace has to actually reach orbit Read More »

Wizz Air becomes Europe’s first budget airline to put Starlink on its planes

Cheap flights and fast Wi-Fi have rarely gone together, and Europe’s budget airlines have had a good excuse: the maths has not added up. Wizz Air is betting that is about to change. The Hungarian ultra-low-cost carrier said on Monday it will offer Starlink, Elon Musk’s satellite internet, across its fleet from 2027, becoming the […]

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The US wants NATO allies to spend their new defence budgets ripping out Huawei

The US has found a new use for Europe’s swelling defence budgets: tearing out Huawei. Whether its allies are listening is another matter. The State Department’s China coordinator, Joshua Young, told officials in Brussels last month that NATO members should use defence-related funding, the spending that counts towards the alliance’s targets, to rip out Huawei […]

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Bending Spoons, the Milan firm behind Evernote and Vimeo, files for a US IPO

Bending Spoons does not build many apps. It buys them, fixes the finances, and runs them. Now it wants Wall Street to buy a piece of the machine. The Milan-based group behind Evernote, WeTransfer, and Vimeo has filed for a US initial public offering, submitting a Form F-1 to the Securities and Exchange Commission. It […]

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Berlin’s GALVANY raises €10M to fix Germany’s broken heat-pump market, and it’s already profitable

Germany has no shortage of heat pumps on paper. What it lacks is a way to get them sold, installed, subsidised, and paid off without the whole thing falling apart somewhere in the middle. GALVANY, a Berlin startup that runs the entire heat-pump journey from sale to installation to ongoing energy management, has raised €10mn […]

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Berlin’s GALVANY raises €10M to fix Germany’s broken heat-pump market, and it’s already profitable Read More »

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