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The Scene

The Scene on Europa Now: European startups, product studios and the cities where the continent's tech culture actually happens.

NewSchool VC closes €10M Fund I to back early-stage B2B tech

Startups

NewSchool VC Reaches €10M First Close, Backing Early-Stage B2B Builders Across Europe

The Belgian venture firm has completed fundraising for its debut fund, which already counts 32 portfolio companies and emphasizes go-to-market support alongside capital for technology startups automating traditional industries.

· 2 min read

Final Frontier and Myriad unite behind €100M defence tech fund

Startups

Danish Defence VCs Final Frontier and Myriad Merge to Launch €100M Fund

Two Copenhagen-based venture firms focused on early-stage defence technology are consolidating under the Final Frontier banner, with plans to deploy €100 million across the Nordic region and Ukraine.

Project Ventures launches £5M fund for Imperial-rooted deeptech and AI startups

Startups

Imperial College alumni launch £5M deeptech fund with sights on European expansion

Project Ventures, a new venture capital firm rooted in Imperial College London's network, has opened its debut fund to back early-stage AI and deeptech founders across the UK and potentially beyond.

Unit1 Studio raises £20M to scale avatar concert technology

Startups

Unit1 Studio lands £20M to democratise avatar concert technology across European venues

The UK mixed-reality studio has raised fresh capital to make its avatar concert productions cheaper to build and easier to move between venues, unlocking a format that ABBA Voyage proved audiences want.

“Most Businesses Aren’t Struggling to Access AI, They’re Struggling to Structure It”: Inna Bondarenko on Building Kalei

Startups

From Deloitte to Kalei: How One Founder Built an AI Platform Around Structure, Not Tools

After 18 years at Deloitte working on corporate AI transformation, Inna Bondarenko identified a gap most businesses face: they can access AI, but struggle to organize it. Her startup Kalei puts workflow design and human judgment first.

Tom Watson joins Palantir as its £330M NHS contract heads for a break clause

Startups

Former Labour Deputy Leader Joins Palantir as NHS Contract Faces Review

Lord Tom Watson has taken a senior vice president role at Palantir, the data analytics firm now defending its £330 million NHS contract against a government break clause set for February 2027.

SoftBank expands $6.05bn credit facility to $6.5bn with 20-plus banks

Startups

SoftBank Bolsters Credit Line to $6.5bn as OpenAI Spending Reshapes Debt Strategy

SoftBank has expanded its revolving credit facility by $450m to $6.5bn, securing backing from over 20 lenders as the Japanese conglomerate navigates a complex web of borrowing tied to its massive OpenAI commitments.

Raindrop hits $50m in funding to catch AI agents failing in production

Startups

Raindrop secures $50m to catch AI agents breaking silently in production

The San Francisco startup has closed a Series A round led by CRV and unveiled Simulations, a tool that tests agent changes against real production traffic before deployment.