Germany’s XAIN raises €6 million for its blockchain-based AI network solution

Oxford-founded and Berlin-based startup XAIN AG has raised €6 million in a seed funding round led by Earlybird. The company, which won Porsche’s Blockchain Innovation Contest in 2017, is working on a blockchain-based protocol that would allow to securely control access to data, resources, and machines in IoT environments. Together with Porsche, the team of […]

Finland’s Hintsa Performance secures €6.8 million to improve employee wellbeing

Finnish employee wellbeing and performance startup Hintsa Performance has closed a round of €6.8 million. The round was led by OP Insurance and Pontos Group, with participation from previous investor Ilmarinen. Hintsa provides wellbeing solutions for organisations, built on the concept of creating sustainable high performance as a by-product of holistic wellbeing. Hinta’s services range […]

Report: European seed investors jump at AI and SaaS startups but shun e-commerce

More than 60 percent of European seed-stage investors are most excited about artificial intelligence, SaaS, and marketplace applications, according to a new “Sentiment of Seed Investors in Europe” report launched today by Mosaic Ventures, a London-based VC firm. At the same time, some two thirds of the 60 surveyed investors name e-commerce as the sector […]

UK-based hotel management platform Mews raises €6 million

London-based property management software platform Mews has raised €6 million in a Series A funding round. The round was led by Notion, with participation from HenQ and Thayer Ventures. “Mews’ mission is to help hotels and hostels automate their operations so they can focus on their guests, which is what the industry has always been […]

Druva acquires Irish CloudRanger to strengthen data protection and management

Irish startup CloudRanger, which provides backup and disaster recovery solutions for AWS, has been acquired by American cloud data protection and management company Druva. CloudRanger produces cloud server management software for businesses, with an easy-to-use interface that offers users scheduling and backup policies to save time and money. The company has more than 300 customers […]