Uber and Rivian strike $1.25bn robotaxi deal
Uber and Rivian strike $1.25bn robotaxi deal

The partnership puts Rivian’s in-house chip and full autonomous stack to work as a robotaxi platform, with commercial deployments planned for San Francisco and Miami in 2028. Uber has been signing robotaxi deals at a pace that can make any single annou…

Former scaleup operators launch Operator Circle VC to back Europe’s next decacorn
Former scaleup operators launch Operator Circle VC to back Europe’s next decacorn

Dozens of executives from European tech scaleups have backed a new venture firm built on the thesis that people who have scaled billion-dollar companies know which founders can do it again. For years, the criticism of European venture capital has been …

Partech closes its first impact fund at €300M to back Europe’s next generation of industrial and climate tech scaleups
Partech closes its first impact fund at €300M to back Europe’s next generation of industrial and climate tech scaleups

The Paris-based VC is targeting 15 B2B companies with revenues above €10M in clean manufacturing, sustainable agriculture, green construction, and digital health, with carry tied to impact performance for the first time. Europe has no shortage of early…

Meta commits up to $27 billion to Nebius in one of the largest AI infrastructure deals on record
Meta commits up to $27 billion to Nebius in one of the largest AI infrastructure deals on record

The five-year agreement expands an existing relationship between the two companies and will involve one of the first large-scale deployments of Nvidia’s new Vera Rubin chips. Nebius shares surged 14% in pre-market trading. Meta has signed a new long-te…

NVIDIA invests $2 billion in Nebius
NVIDIA invests $2 billion in Nebius

  NVIDIA has agreed to invest $2 billion in Nebius Group, the Amsterdam-based AI cloud company that emerged from the wreckage of Yandex after Russia’s invasion of Ukraine, in a deal that pairs a substantial capital injection with a deep technical partn…

Samaipata launches €110M fund to back early-stage AI-native startups across Europe
Samaipata launches €110M fund to back early-stage AI-native startups across Europe

The pan-European VC firm has held its first close at €70M for Fund III, backed by Germany’s KfW, Spain’s SETT, and a network of family offices, with a mandate to find European companies building on the AI wave. Samaipata, the pan-European venture capit…

Breakout Ventures closes $114m Fund III to back AI-powered science startups
Breakout Ventures closes $114m Fund III to back AI-powered science startups

The San Francisco firm has closed its third fund at $114 million, its largest to date, betting that AI and biology are now inseparable, and that the founders who understand both will build the companies that matter most. Lindy Fishburne started Breakou…

FIRSTPICK closes €25M second fund to back Baltic founders before anyone else does
FIRSTPICK closes €25M second fund to back Baltic founders before anyone else does

When FIRSTPICK backed Emilė Radytė in 2021, her company Samphire Neuroscience was still building its first product and the risk, by the fund’s own assessment, was high. There was no revenue, no clear route to market, and a proposition, a neurotechnolog…

GHARAGE Ventures launches €40M Fund I to back travel and airport technology startups
GHARAGE Ventures launches €40M Fund I to back travel and airport technology startups

Berlin- and Singapore-based venture platform GHARAGE Ventures has launched Fund I, a €40 million early-stage fund focused on technologies shaping the future of travel infrastructure and airport retail. The fund is anchored by Gebr. Heinemann, the Hambu…

LUMO Fund wins €6M from Spain’s SETT to support European impact startups
LUMO Fund wins €6M from Spain’s SETT to support European impact startups

Eindhoven-based LUMO Labs has secured a €6 million commitment from the Spanish Society for Technological Transformation (SETT), the public investment arm of the Spanish Ministry for Digital Transformation and Civil Service, into its LUMO Fund, a €100 m…