Lyft of US to buy Germany’s FreeNow for €175m cash
US ride-hailing giant Lyft said it has agreed to acquire German taxi app FreeNow from BMW Group and Mercedes-Benz Mobility for €175 million in cash. Users…
Read MoreUS ride-hailing giant Lyft said it has agreed to acquire German taxi app FreeNow from BMW Group and Mercedes-Benz Mobility for €175 million in cash. Users…
Read MoreButch bank ABN AMRO has entered into a risk sharing agreement with the EIB Group – consisting of the European Investment Fund (EIF) and the…
Italian state railway firm Ferrovie dello Stato Italiane Group (FS) has announced a plan to launch a new high-speed rail service connecting London and Paris by…
Munich-based Hawk, a provider of AI-powered anti-money laundering (AML), screening and fraud prevention solutions, has announced its $56 million Series C round of funding. One…
Pan-European growth debt platform Atempo Growth has announced the first close of its second fund, Atempo Growth II, with commitments of over €300 million. This…
The European Investment Bank (EIB) has priced its first Climate Awareness Bond aligned with the European Green Bond Standard (EuGBS-aligned CAB), with a size of €3…
Banca Popolare di Sondrio and the European Investment Bank (EIB) have signed an agreement aimed at mobilising over €300 million for small and medium-sized enterprises…
Paris-based Revaia, a European growth investor, has announced the final closing of its second fund, Revaia Growth II, at €250 million, bringing its total assets…
London and Lausanne-based Isomorphic Labs, an AI-first drug design and development company, announced it has raised $600 million in its first external funding round. Isomorphic…
Deutsche Bank has announced changes to its management structure, with CEO Christian Sewing having his contract renewed until 2029 and Raja Akram joining the firm from Morgan…
Swedish investment giant EQT announced the closing of its flagship infrastructure fund EQT Infrastructure VI on €21.5 billion in total commitments, including €21.3 billion in fee-generating…
Barcelona-based Sateliot said it successfully closed its €70 million Series B funding round, strengthening its position “as the world’s first 5G-IoT telecommunications operator from space.”…
Marseillie-based GravitHy, a future low-carbon iron producer, announced a €60 million funding round – which includes public funds from the French programme “Première Usine”. The…
Berlin-based Amboss, the resource for medical education and clinical decision-making in Germany and the US, has closed a €240 million financing round with new long-term investors….
Belgium-based Augustine Therapeutics NV said it successfully completed its Series A financing round, raising a total of €77.7 million. Augustine Therapeutics is a biotechnology company focused…
Miami International Holdings, Inc. (MIH) and The International Stock Exchange Group Limited (TISE) of Guernsey have reached agreement on the terms of a recommended cash…
By Mark McSherry Outstanding government and company bond debt worldwide exceeded $100 trillion last year, the OECD said in a new report. Governments and companies borrowed…
The European Investment Bank (EIB) Group said its new financing in Croatia reached a record level of €1.24 billion last year, with major support aimed…
Madrid-based Adara Ventures announced the successful first close of its fourth flagship fund AV4 with a target of €100 million in capital commitments. “This milestone…
Copenhagen Infrastructure Partners (CIP) announced that its fifth flagship fund, CI V, surpassed its target size of €12 billion at final close. CIP said the…
Turin-based Vento, a private early stage venture capital fund, said it has launched its second fund of €75 million to further support Italian entrepreneurship globally….
Swedish lithium-ion battery producer Northvolt AB — which was once Europe’s best-funded start-up — announced on Wednesday that it has filed for bankruptcy in Sweden. Northvolt…
Netherlands-based Axelera AI, a provider of purpose-built AI hardware acceleration technology “for generative AI and computer vision inference at the edge” has unveiled Titania, a high-performance,…
The European Investment Bank (EIB) said it is lending Latvian energy utility Latvenergo AS €200 million to upgrade the country’s electricity distribution network. The EIB…
The European Investment Bank (EIB) Group said it is providing Croatia-based Erste&Steiermärkische Bank d.d. (ESB) with €132 million in support to expand lending to a…
Munich-based IDnow, an identity verification platform provider in Europe, announced a “new strategic investment” from New York-based Corsair Capital. Trade publications reported that Corsair has taken…
Quantexa, a provider of “Decision Intelligence” (DI) solutions for the public and private sectors, announced it has completed a $175 million Series F investment round,…
Netherlands-based QuantWare, the quantum computing company building technology “to create the world’s most powerful quantum processors” has raised a €20 million Series A round. The…
The board of directors of Swiss wealth management group Julius Baer said it will nominate Noel Quinn as the company’s new non-executive chairman for election…
Paris-based Amundi, the largest European asset manager, said it has been appointed by The People’s Pension (TPP), one of the largest independent master trusts in…
The EIB Group – made up of the European Investment Bank (EIB) and the European Investment Fund (EIF) – signed a new synthetic securitisation operation with…
Warsaw-based Nomagic, a provider of AI powered robotics for warehouses and the fulfillment sector, announced the successful close of its latest investment round, securing $44…