Europe

The latest startup and technology news coming out of Europe.

Earlier this week it emerged that the DPC had instigated court proceedings seeking an injunction against X over the data processing without consent.

Elon Musk’s X agrees to pause EU data processing for training Grok

Apple has further revised its compliance plan for the European Union’s Digital Markets Act (DMA) rulebook, which, since March, has forced it to give iOS developers more freedom over how…

Apple revises DMA compliance for App Store link-outs, applying fewer restrictions and a new fee structure

The U.K.’s internet regulator Ofcom has published an open letter to social media platforms raising concerns about the use of their tools being used to incite violence.

UK’s internet regulator warns social media platforms over risks of inciting violence

The European Commission has closed a Digital Services Act (DSA) investigation of a rewards feature in TikTok Lite by accepting commitments from the social media giant to permanently withdraw the…

TikTok Lite: EU closes addictive design case after TikTok commits to not bring back rewards mechanism

While both the DSA and DMA aim to achieve distinct things, they are best understood as a joint response to Big Tech’s market power.

DSA vs. DMA: How Europe’s twin digital regulations are hitting Big Tech

Molly Alter wears a lot of hats. She’s a mocumentary filmmaker working on a project about an alternate reality where charades is big business. She’s a caesar salad connoisseur and…

How filming a cappella concerts and dance recitals led Northzone’s newest partner Molly Alter to a career in VC

The European Union’s risk-based regulation for applications of artificial intelligence has come into force starting from today.

The EU’s AI Act is now in force

The company also said it has received regulatory clearance to start Phase 2 clinical trials for a new drug in the U.S. later this year.

Healx, an AI-enabled drug discovery platform for rare diseases, raises $47M

The European Commission (EC) has given the go-ahead to HPE’s planned megabucks acquisition of Juniper Networks.

EU greenlights HPE’s $14B Juniper Networks acquisition

Axle Energy is a B2B, back-end infrastructure business focused on connecting flexible assets, such as electric vehicles and home batteries, to energy markets that aren’t otherwise available for consumers to…

Axle Energy’s sprint to decarbonize the grid lights up with $9M seed led by Accel

The CNMC opened an investigation of Booking.com back in October 2022, following complaints by the Spanish Association of Hotel Managers and the Regional Hotel Association of Madrid.

Spain’s antitrust watchdog fines Booking.com nearly $450M for unfair terms and restricting rivals

Europe is routinely castigated by tech industry observers for having too few “growth capital” funds, and, compared to the U.S., that’s true. That said, it is nowhere near nonexistent on…

Hey, there ARE growth funds in Europe — Kennet raises $287M for its largest fund to date

The EU has kicked off a consultation on rules that will apply to providers of general purpose AI models under the bloc’s AI Act.

EU calls for help with shaping rules for general-purpose AIs

Sennder is acquiring the European ground transportation assets of logistics giant C.H. Robinson.

Sennder buys CH Robinson’s European business

The language is ambiguous, so it’s not clear whether X is helping itself to all user data for training Grok or whether this processing refers only to user interactions with…

Privacy watchdog says it’s ‘surprised’ by Elon Musk opting user data into Grok AI training

Ledger, a French startup mostly known for its secure crypto hardware wallets, has launched a new mid-range device, the Ledger Flex. Available now, priced at $249, the dinky hardware wallet…

Ledger launches Ledger Flex, a mid-range hardware crypto wallet

The energy transition is a marathon, not a sprint. But opportunities for acceleration are growing. Swedish startup Greenely* has just spotted one. It’s closing an €8 million Series A funding…

Energy tech startup Greenely grabs €8M to reach more households and support Europe’s energy transition

This is a significant milestone for the London-based fintech company, particularly since it has been trying to secure this license since 2021.

Revolut receives long-awaited UK banking license

Public market investors have a large variety of infrastructure and software that helps them keep track of, analyze and manage their investments, but that’s not the case for investors in…

bunch raises $15.5M for its platform that simplifies investment management for VCs

Farmers have got to do something about pests. But nobody really likes the idea of using more chemical pesticides. Thomas Laurent’s company, Micropep, thinks the answer might already be in…

Micropep taps tiny proteins to make pesticides safer

The outcome of the Spanish authority’s probe could take up to two years to complete, and leave Apple on the hook for fines in the billions.

Apple’s App Store hit with antitrust probe in Spain

Proton’s first cryptocurrency product is a wallet called Proton Wallet that’s designed to make it easier to get started with bitcoin.

Proton releases a self-custody bitcoin wallet

Exoticca’s platform connects flights, hotels, meals, transfers, transportation and more, plus the local companies at the destinations.

Spanish startup Exoticca raises a €60M Series D for its tour packages platform

Meta has been given until September 1 to respond to consumer protection concerns in the European Union. The Consumer Protection Cooperation (CPC) Network, a network of authorities responsible for the…

Meta given weeks to tell EU consumer protection authorities how it’ll fix ‘pay or consent’

Google is no longer proposing to deprecate third-party tracking cookies in Chrome, instead suggesting that users be given an option to deny tracking.

Google’s latest Privacy Sandbox gambit could pit user choice against tracking

An English school has been reprimanded by U.K. regulators after it used facial recognition technology without getting opt-in consent from students.

UK school reprimanded for unlawful use of facial-recognition technology

The EC has announced an investigation into Berlin-based food delivery giant Delivery Hero and its Spanish subsidiary, Glovo, citing cartel concerns.

EU to investigate Delivery Hero and Glovo over food delivery cartel concerns

The European Union’s president, Ursula von der Leyen, was confirmed in the role for another five years Thursday after parliamentarians voted overwhelmingly to re-elect her. The scale of her support…

The EU just re-elected its president for another five years — here’s what that means for tech

Italy’s competition watchdog is investigating how Google gets user consent in order to link their activity across different services for ad profiling.

Google accused of misleading consumers to grab more data for ads

The Korean tech giant is acquiring Oxford Semantic Technologies, a U.K.-based knowledge graph startup that has built an AI reasoning engine.

Samsung to acquire UK-based knowledge graph startup Oxford Semantic Technologies