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News
Ramp eyes $1B Series G at $60B valuation, just three months after hitting $44B — TFN
5+ day, 4+ hour ago (565+ words) Three months ago, Ramp closed a funding round that valued it at $44 billion. It is already back at the table. The corporate spend management company is in early talks to raise roughly $1 billion in fresh primary funding at a valuation…...
The Exploration Company lands $450M for reusable space capsule, backed by Bessemer, Atomico and EQT — TFN
6+ day, 5+ hour ago (700+ words) The Exploration Company, a Munich-based space tech company also known as TEC, has just completed a Series C financing round of $450 million, stating that this is the largest amount ever raised by a European space company in a Series C. The…...
Samsung leads Mistral's €3B round, pushing Europe's AI champion to a €21B valuation — TFN
6+ day, 9+ hour ago (600+ words) In 2023, Arthur Mensch, Guillaume Lample, and Timothée Lacroix resigned from their secure posts at Google DeepMind and Meta to set up Mistral, a company that would serve as a European competitor to OpenAI and Anthropic. The firm just closed a…...
XDOF in talks for new funding at $1.2B valuation months after $70M Series A — TFN
1+ week, 8+ hour ago (562+ words) XDOF is in late-stage talks for a Series B at roughly $1.2 billion, reportedly led by 8VC It closed a $70M Series A just three months ago, backed by Thrive Capital, Andreessen Horowitz, Lux, Spark Capital and WndrCo The San Mateo startup builds…...
Cato raises €6M led by Keen Venture Partners to bring AI to Italy's tender market — TFN
1+ week, 10+ hour ago (564+ words) Andrea Zorzetto has been open about the failure of his first startup in the last year. His second company has now secured €6 million in funding, led by Keen Venture Partners, to develop software that helps small businesses receive payments from…...
Wonderful raises $550M at $5B valuation to build AI operating system for enterprises — TFN
1+ week, 4+ day ago (475+ words) Two years ago, Wonderful didn’t exist. Now it’s worth $5 billion. The enterprise AI startup has closed a $550 million Series C, more than doubling the $2 billion valuation it reached just six months ago when it raised a $150 million Series B. Insight…...
Inside IQM's roadshow: What US investors understood about deeptech that Europe didn't — TFN
1+ week, 4+ day ago (102+ words) Inside IQM’s roadshow: What US investors understood about deeptech that Europe didn’t Tech Funding News Inside IQM’s roadshow: What US investors understood about deeptech that Europe didn’t Lady Gaga’s secret biotech startup just raised $23M: What we know about Outer Bio…...
HyImpulse raises €50M from JOIN Capital and Ace Capital to scale Europe's rocket launches — TFN
1+ week, 5+ day ago (522+ words) Four engineers left the German Aerospace Center, also known as DLR, to found HyImpulse Technologies, a rocket company in Lampoldshausen, seven years ago. The space tech startup has completed a Series A Extension, raising more than €50 million, with JOIN Capital…...
Exclusive: London’s Pharosyn raises $3M to speed up pharma’s commercial decisions — TFN
1+ week, 5+ day ago (501+ words) Pharosyn, a London-based startup that develops AI systems for the commercial departments of pharmaceutical companies, has raised $3 million in seed funding, led by Moonfire Ventures, with Entrepreneurs First, Transpose Platform, and General Advance also participating. The company has not publicly…...
Cognition heads for $47B valuation as Devin revenue nears $1B — TFN
1+ week, 5+ day ago (452+ words) Cognition is closing in on a new funding round of around $1 billion at a valuation of roughly $47 billion, according to people familiar with the matter cited by Bloomberg. The round could grow even larger: investors have reportedly expressed interest of…...