ETF Partners Raises €285M for Sustainability Ventures

ETF Partners, Europe's original sustainability venture capital firm, has successfully raised €285 million in an oversubscribed round for its fourth fund. Founded in 2006, ETF Partners focuses on investing in fast-growing innovative companies across Europe that deliver positive environmental impact. The fund has already made investments in companies like AIPERIA, Dexter, and Hellas Direct, all of which are showing significant revenue growth and working towards solving environmental challenges. Supported by the European Investment Fund and British Patient Capital, ETF Partners aims to back leaders with a strong sense of purpose and drive. With recent exits like DeepSea Technologies and Greenbird Integration Technology, ETF Partners continues to make waves in the sustainability and impact investing space.

NanoIC Pilot Line Secures €2.5B Funding, 10 Italian Startups to Watch

This week in European tech funding news, Imec has raised €2.5 billion for advanced chip tech R&D, while Bicycle Therapeutics received a $555 million investment for disease prevention. DeepL reached a $2 billion valuation with a $300 million investment, and CIRCTEC secured €150 million for Europe's largest tyre pyrolysis recycling facility. In the realm of acquisitions and mergers, Visma acquired MyCompanyFiles, Jobtoolz acquired Hirehive, and Doctolib acquired Aaron.ai. Investors are also making interesting moves, with ETF Partners raising €285 million in an oversubscribed round, UK's Zero Carbon Capital closing a €23.4 million fund, and Avvio founder launching a €5 million fund for hospitality tech. Other notable news includes the NATO Innovation Fund's new investment team, German AI defence giant Helsing eyeing a $4 billion valuation, and Iceland's first unicorn making waves in the investment world. Additionally, the Scaleup Culture Report 2024 sheds light on AI concerns and workplace dynamics. Recommended reads and listens include Enifer securing €36 million for a food-grade mycoprotein factory in Finland, Scott Galloway's insights on Europe and new media, and a list of 10 Italian startups to watch in 2024. European tech startups like Lassie, CARÁ Health, Unlockit, Remote Butler, and En Carta Diagnostics are also making strides in various industries, from pet insurance to healthcare diagnostics.