European entrepreneurs launch €250-million Plural tech fund
European entrepreneurs have come up with the launch of Plural, a 250-million-euro tech fund to support European tech companies.
Four European business people, including the influential Taavet Hinrikus, the co-founder of the funds transfer enterprise Wise Plc (WISEa.L), announced Plural's launch,... Read more
Aircall again earns over $100 million in annual revenue
Call center software company, Aircall has reportedly topped 100 million dollars in annual recurring revenue.
Aircall reported annual recurring revenue of over $100 million and plans to grow in Madrid and Singapore as it prepares for a potential stock market IPO.
In addition, Aircall stated th... Read more
Google rests its case in French dispute over online content
France's antitrust authority confirmed that Alphabet subsidiary Google has pledged to settle a national copyright issue.
According to the antitrust authority, Google decided not to fight a $528 million punishment paid last year. The ruling puts an end to the authority's probe into Google, which ... Read more
Macron vows to boost the French ecosystem for startups
The newly re-elected French President promises to quadruple the number of French unicorns by 2030.
French President Emmanuel Macron said on Friday he was hoping for a surge in the number of French tech unicorns by 2030. Unicorn is industry slang for a privately held startup valued north of $1 bi... Read more
Oracle launches cloud region in Paris
Oracle opened a new cloud region in Paris. The cloud giant wants to host fourteen European regions by the end of 2022.
Every major cloud provider operates local data centres. For some customers, it's illegal to process data across the border. Other customers value the speed of local hardware. M... Read more
AI-driven logistics platform Zozio raises €4 million in funds
Zozio, a Paris-based logistics platform, picked up a €4 million round to grow the business internationally.
Zozio raised €4 million in funds. The round was supervised by Capricorn Partners and recognized the contribution of Industrya and The Faktory Fund. The funding serves to expand the Par... Read more
French police investigate vandalism behind country-wide Internet outage
Multiple internet outages affected several regions across France. Officials suspect a coordinated attack.
Following reports of coordinated vandalism, the Paris prosecutor's office told Reuters that it has opened a probe into the causes of a major internet outage which affected France's telecomm... Read more
March good for 2.5 billion euros of tech acquisitions in Europe
In March the mergers and acquisitions in the European tech industry are worth 2.5 billion euros ($2.7 billion).
In March 2022 alone, a series of technology industry mergers and acquisitions (M&A) deals were announced, the total worth of which is approximately 2.5 billion euros.
As per the... Read more
Google loses appeal and will have to pay 150 million euro fine
A French appeals court upholds the fine levied by that country's privacy watchdog.
A French court of appeals upheld a 150 million euro fine levied against Alphabet's Google for abusing its power over the treatment of advertisers, according to a report in Reuters.
France's antitrust watchdog,... Read more
Silvr plans to bring its revenue-based financing business to Europe
Silvr, a France-based startup, raised $20.6 million in its Series A funding round. It also opened a debt line worth $128 million to fund its activities. Silvr plans to offer new credit opportunities for eCommerce and software-as-a-service companies.
In summary, Silvr wants to expand the Pipe and... Read more