Y Combinator, one of the world’s most prolific startup accelerators, sent a letter on Wednesday urging the Trump administration to openly support Europe’s Digital Markets Act (DMA), a wide-ranging piece of legislation that aims to crack open Big Tech’s market power. The DMA designates six tech companies as “gatekeepers” to the internet — Alphabet, Amazon, […]
Could deeptech serve as Europe’s path to autonomy from the US?
Amidst geopolitical tensions and volatile markets, the question of Europe’s ability to weather the storms ahead, especially as President Trump seems intent on having his pound of tariffs from the continent, is looming large. But an extensive new report claims deeptech is poised to become a key pillar of Europe’s security, defense, and future autonomy, […]
Northvolt lays off 1,600 workers, but it’s not the end for Europe’s battery champion
When is raising $ 14 billion not enough? When you’re a battery startup. Northvolt, Europe’s attempt at building a competitor to Asia’s battery manufacturing powerhouses, announced on Monday that it had halted work on a factory expansion and laid off 1,600 employees, or about 20% of the workforce. The company was planning to expand its […]
Euro VCs welcome Balderton’s fresh $1.3B but grumble about Europe’s AI misses
Balderton Capital — one of the older, larger, European VCs noted for investing in Revolt and Wayve — has raised a fresh $ 1.3 billion in total, spread across two funds. Its Early Stage Fund IX will get $ 615 million, and its Growth Fund II will get $ 685 million. The news was greeted with cautious […]
Europe’s most valuable fintech, and which startups became unicorns this year
Welcome to TechCrunch Fintech! This week, we’re looking at Revolut’s reported valuation hike, fintech unicorns, the Disrupt Fintech Stage, and more. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8 a.m. PT, subscribe here. The big story Revolut reportedly told staff last week of […]