Tallinn-based PowerUP Energy Technologies has closed a €10 million Series A funding round to accelerate the manufacturing and commercialisation of its hydrogen-powered electric generators. The investment, co-led by dual-use venture firms Mercaton and ScaleWolf and joined by Estonia’s SmartCap Green Fund (funded by the European Union’s NextGenerationEU). “PowerUP was founded on a clear mission: to The post Space-engineered, defense-proven power units position Estonia’s PowerUP for a €10 million expansion appeared first on EU-Startups.

Europe’s startup landscape is evolving, but founders still face fragmentation in the Single Market, compliance burdens and limits when it comes to accessing talent and capital. The latest StepUp Startups report, “Ease of Doing Startups in the EU”, takes an in-depth look at the realities entrepreneurs face – from regulatory burdens and fragmented markets to The post Easing the path for European startups: Towards a simpler, more competitive single market appeared first on EU-Startups.

BKN301 Group, a British FinTech architecture provider, has raised a total of €32 million (£29 million), combining a recent €21 million Series B round (as covered by EU-Startups) with a newly secured credit facility from funds and accounts managed by BlackRock. Alongside this funding boost, the company has acquired Planky, a UK-based technology firm that The post London’s BKN301 Group secures €32 million and acquires Planky to strengthen its AI-driven FinTech architecture appeared first on EU-Startups.

London’s HubBox, the provider of out-of-home (OOH) delivery software for e-commerce retailers, has raised €6.8 million (£6 million) in a round led by growth capital provider Puma Growth Partners. Sam Jarvis, CEO of HubBox, comments: “Offering pickup at checkout is key to accelerating the shift to out-of-home delivery, and HubBox has been leading the charge The post Britain’s HubBox collects €6.8 million in growth funding as demand rises for pickup-point delivery options appeared first on EU-Startups.

Onstage, the London-based organiser of standalone demo days, has launched its first venture fund – Onstage Fund I – with an initial close of €11.3 million (£10 million) and a mission to bolster pre-Seed and Seed founders. The fund will be led by founding partner Joel Hambly, who also announced his new role at the The post After facilitating €567 million in follow-on funding, Britain’s Onstage introduces debut €11.3 million fund appeared first on EU-Startups.

London’s Model ML, an AI workflow automation platform for financial services, today announced a €65 million ($75 million) Series A financing in order to accelerate its global expansion and deepen its AI workflow-automation capabilities. The round was led by FT Partners, and also included participation from Y Combinator, QED, 13Books, Latitude and LocalGlobe. This comes The post Model ML raises €65 million as its AI beats McKinsey and Bain benchmarks with under-3-minute output checks appeared first on EU-Startups.